By: Captain Ewave GOLD: Short Term Update: Gold reached a low of 1305.30 this past week, but by the end of week we had moved higher to close in the 1324.80 area. We also had a key weekly reversal higher which is bullish and suggests higher prices are coming in the short term! We updated our count this week to a more bullish count that is suggesting that all of wave ?iii? of !iii! ended at...Read More
By: Jordan Roy-Byrne CMT, MFTARoughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years....Read More
By: David HaggithBears, like myself, picked the meat off market bulls throughout 2018. We scoffed at the start of the year when bulls concocted a narrative that said bears would starve because 2018 was going to be the year of "global synchronize growth." We bears bawled that this was euphoric nonsense.Global economies fell off a cliff as soon as the bulls' narrative took hold, and all economies...Read More
So much for the wall of worry! Bulls have improbably shrugged off steep downturns in the housing and auto sectors, rising interest rates, a costly tariff war with China, the pernicious rise of socialism on Capitol Hill, the economic implosion of China and Germany, a strong dollar that has sapped the earning of U.S. multinationals; and, most recently, evidence that retail sales nosedived during t...Read More
China has been increasing gold reserves as a buffer to blackmail by USA and its allies on the global trade war front. Yesterday someone posted on Twitter that bank of England does not reveal the audit of gold reserves. There is no accountability of the Australian gold reserves held with the bank of England. My view is that Bank of England or the Federal Reserve will not give back the reserves...Read More
TOPICS IN THIS INTERVIEW:01:25 Have we reached the final phase of the economic cycle?08:05 Economically, China is the United States in the 1960s13:35 Hedging against currency devaluation before its too late18:05 Preserving wealth is critical for the youngest investors19:45 A growing acceptance of the Cannabis sector's recreational use cases24:35 Cryptocurrencies, crypto-commodities and Crypto-stoc...Read More
CNN, Facebook and U.S. funded German Marshall are working together to selectively censor pages on Facebook. The latest, 3 pages which get funding from Russian government but have not broken any Facebook rules.Read More
"People connecting with Pages shouldn't be misled about who's behind them. Just as we've stepped up our enforcement of coordinated inauthentic behavior and financially motivated Continue...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/febru...Question 1. AK: Hi Lynette and Eric, when you do your Q&A could you please say in very lemans terms why Lynette thinks the economy will crash on Feb. 26th.Question 2. Dan H: The New Zealand central bank holds no gold! Any idea what happens to the country's that don't hold gold during and after a reset?Question 3. Steven L: I d...Read More
"This sustained loss of momentum highlights the urgency of reducing trade tensions, which together with continued political risks and financial volatility could foreshadow a broader Continue...Read More
Sixteen states sue Trump over border wall emergency. Is it good or bad for the yellow metal?Trump's national emergency and goldOn Friday, President Trump declared a national emergency to obtain funds for building a wall along the U.S.-Mexico border, which was his key promise during a campaign. According to the President's proclamation :the current situation at the southern border presents a borde...Read More
Soaring home prices are making it impossible for the country's average citizen to buy a home. And that damages the country's long-term growth prospects, far more than the trade war. Continue...Read More
"Why if it was so bad here he did not go to another place to live?"Continue...Read More
First Mining Gold (TSX: FF; US-OTC: FFMGF) says positive interim metallurgical test results for its Springpole gold project, located 110 km northeast of Red Lake, Ontario, could increase the project's gold recovery 13.2% to 90.6% and silver recovery 11.9% to 95.1%.M3 Engineering and Technology and ALS Metallurgy completed the flotation testwork on material from Springpole. They then performed...Read More
Investors are looking for higher gold prices, and with good reason, said George Milling-Stanley, head of gold strategy at State Street Global Advisors. "The middle two quarters of 2018 were bad for gold because the dollar was extraordinarily strong, so was the domestic equity market in the U.S. The influence of all that tended to wane in December so gold picked up very, very nicely," Milling-Stanl...Read More
Toronto-based Nighthawk Gold Corp. continues to explore its Indin Lake gold property. Work done in 2018 included 2,153 grab and channel samples that led to the discovery of new high grade gold showings.Gold showings and targets at the Indin Lake gold property. (Image: Nighthawk Gold)The company also drilled the first ever holes at the Swamp target. This is a newly defined and laterally extensive g...Read More
OceanaGold Corp's. (TSX: OGC; ASX: OGC) stock was up 5.4% on Tuesday after reporting annual revenue in 2018 of $773 million and net profit before unrealised gains or losses on undesignated hedges of $124 million.Earnings before interest, tax, depreciation and amortization (EBIDTA) came in at $364 million.The company generated about $121 million in free cash flow, $346 million in operating cash f...Read More
Gold jumped out of the gate on Tuesday following a long weekend for North American markets, adding more than $22 an ounce in heavy buying.Gold for delivery in April, the most active futures contract, reached a high of $1,345 an ounce, the highest in 10 months after more than 32m ounces changed hands in New York.Institutional and retail investors have piled into gold in recent months. Holdings in g...Read More
South Africa's Association of Mineworkers and Construction Union (AMCU) on Tuesday called on its members at Sibanye-Stillwater's platinum operations to embark on a secondary strike over job cuts and wages.Sibanye-Stillwater last week said that it could cut nearly 6,000 jobs in a potential restructuring of the company's gold mining operations - where AMCU has been on strike since mid-November over...Read More
The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund.With only 18 million euros ($20 million) in assets, Plethora Precious Metals is a minnow in contrast to giants such as Blackrock Inc. and Vanguard Group Inc. While investment funds generally try to increase assets to share success and rake in higher fees, this Dutc...Read More