Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort337,03069,67254,030118,424421,016509,484544,718Change from Prior Reporting Period 8,0887,4001621,7272,8569,97710,418Traders22766895559318181 Small Speculators LongShortOpen Interest 63,29228,058572,776 1,17173011,148 non reportable positionsChange from the previous reporting peri...Read More
The gold miners' stocks are blasting higher, just achieving major new secular highs! Traders are flocking back to gold stocks as the metal they produce relentlessly advances on strong investment demand. That is atypical during market summers, but the pandemic has made for unprecedented times. This gold-stock upleg is big, but doesn't look excessive yet. It should keep marching with inves...Read More
Marin KatusaI'm sure you're well aware, gold has been on a tear and has broken above $1,800 per ounce.Every goldbug on the planet is excited and salivating at the mouth...Except for a group of bankers who accidentally got caught up in the greatest modern-day gold racket. For them, their gold bars aren't worth $1,800 per ounce, but more like $2.75 per pound.If you've watched a lot of western movi...Read More
David HaggithWe are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism.Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote,Right now the farce is with them reopening has arrived! And these stupid people will believe that means they were right about the "V,...Read More
By: Gary SavageI have never found a consistent way to find tops in this market over the past 30 years, when you have central bank QE interfering. Over time, shorting generally cost me more money than I made. Markets go down differently than they go up, tops form differently and it is difficult to consistently time the tops:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold has had the best close since 2011. The pattern remains in a neutral trend in the short-term market. The market is well over the 18-dma, $1778.80 level, but we have a problem:Read More
Brady Willett, FallStreetAs a contrarian and long-term holder of Goldcorp. (now Newmont), the latest push higher in the price of gold begs the question: is now the time to sell? The concern, for the uninitiated, is that after the price of gold moves powerfully higher there is an uncanny tendency for forces to mysteriously align and push prices powerfully lower. These "forces" (excuse the co...Read More
Sam Laakso, VOIMA GOLD Gold has had a great run over the past year. Gold prices have risen in every single currency on earth and in many currencies gold prices are up well over 30 percent from last summer.In early January, I published an article (in Finnish) in a local financial newspaper where I articulated why gold would rise to $1800 per ounce during the first half of the year - a rise of 2...Read More
Traders will prefer to be long in gold and silver for the weekend. Sharp corrections (if any) should be used to go long for Monday. Crude oil should fall. Momentum for copper is very bullish. Sharp increase in COVID cases in key states in USA this week will ensure that gold and silver rise next week too. Only risk to my view is a sustained slide in US stock markets. I had written in previous rep...Read More
TOPICS IN THIS INTERVIEW:-Markets compared to other historical crashes.-Earnings disconnect.-Will the crash correlate to an event or cyclical?-Bond market: more destruction of capital than the stock market.-Tech stocks to fall more than rest of market.-State run, government controlled world, it's HERE.Charles Nenner founded, and is president of, the Charles Nenner Research Center. Mr. Nenner has p...Read More
The price of stainless steel in the European domestic market has dropped this week because of low demand, sources told Fastmarkets on Friday July 10.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?1,930-2,000 ($2,185-2,264) per tonne on Friday, down by ?,?50 per tonne week on week.Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
U.S. monetary policy and government stimulus measures will continue to support gold prices above $1,800 an ounce even if the Federal Reserve doesn't use any type of yield curve control measures.Expectations are growing for the U.S. central bank to launch a program that will cap low-end interest rate yields as early as September; however, Axel Merk, president and chief investment officer at Merk In...Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 7.10.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipie...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denve...Read More
Be careful where you purchase your bullion and how you invest.Continue...Read More
There will be no V-shaped recovery. There are no green shoots despite what you hear on TV.We're in a new Great Depression and will remain so for years.Continue...Read More