Recessions are wealth destroyers and Millennials are now living through two of the worst recessions in the last 100 years.Continue...Read More
These five charts illustrate trends in important industries that help track reopening progress in the U.S.Continue...Read More
A considerable share of the American population has some form of underlying health issue, which, as Statista's Niall McCarthy details below, places them at risk from severe forms of the virus. Continue...Read More
"They are clearly adversaries, and I think we have to take that into account every time they seek to buy something."Continue...Read More
The Critical Investor examines Golden Arrow Resources' swap of one South American gold project for another, and discusses the company's prospects for becoming a "multi-bagger." Because Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) renegotiated their Indiana gold project in Chile not too long ago [with] very favorable terms, I was surprised to recently read about the company dropp...Read More
Bob Moriarty of 321gold discusses Lion One's latest drill results. I put out a short update on a few favorite companies on my site on Friday. That turned out to be excellent timing as Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) released assay results on Friday as well. The numbers were off the chart.Hole TUDDH500 reported 12.7 meters of 46.14 g/t gold. In the text above the numbers it shows 7...Read More
European leaders stroke a historic deal that could be a game-changer and provide a support for the euro and gold against the U.S. dollar.Historic deal. Pivotal moment for Europe. On Monday, the EU leaders agreed on a massive economic stimulus plan, after a long and crotchety summit. If passed through the European Parliament and ratified by all EU states, the European Commission could borrow 750 bi...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM25 July 2020 -- SaturdayThe gold price traded quietly and unevenly sideways until around noon China Standard Time on their Friday. It was sold down to its low tick of the day by shortly after 1:30 p.m. CST -- and its subsequent rally was capped just minutes after 9 a.m. in London. From that point it was sold lower until around 11:45 a.m. BST....Read More
Here are five Fastmarkets stories you might have missed on Friday July 24 that are worth another look.ArcelorMittal M?(C)xico's integrated steel mill at L??zaro C??rdenas, in the country's western Michoac??n state, has been partly closed by local municipal officials because of alleged tax irregularities, the company said on...Read More
The torrid rally in thesilver market reached a major milestone this morning as prices hit $21/oz.On Monday, the silverspot price tracked by Money Metals Exchange closed at $20.12 (thefutures market price settled at $20.19).That marks the firstabove-$20 close for silver since 2016.The white-hot silver marketis busting through some resistance levels that should clear the way for higherhighs ahead. S...Read More
It has been quite some time since I have published an article on gold. Unfortunately, we have become so busy at Elliottwavetrader that I simply have not had the time to publish many public articles.So, as we are approaching an inflection point, I thought it would be an appropriate time to publish a public article.Now, I have to be honest. I am quite disappointed at what I am reading publicly about...Read More
Our research team believes Crude Oil and Energy, in general, has stalled near major resistance and maybe setting up a big downside move as the COVID-19 virus continues to roil regional and global economies. The recent news that the COVID-19 virus cases have skyrocketed suggests further economic shutdowns may push oil prices below $35 ppb over the next few weeks and months. Our research...Read More
In this week's advisory, sector expert Michael Ballanger reviews the most recent market news, celebrates old-school communication techniques and offers strategies for investing in the dog days of summer.As the month of July moves into its final ten-day stretch, I see NASDAQ records falling left and right as the drivers of fear that dominated in March are now "yesterday's news." Rising second waves...Read More
Here are five Fastmarkets stories you might have missed on Friday July 24 that are worth another look.ArcelorMittal M?(C)xico's integrated steel mill at L??zaro C??rdenas, in the country's western Michoac??n state, has been partly closed by local municipal officials because of alleged tax irregularities, the company said on...Read More
We’ve been micro-managing silver lately in NFTRH and NFTRH+ updates and that is for a reason. The reason is that gold’s wild little bro has been rallying – in what is turning out to be 5 clear waves – since the March crash.When that crash reversed, my view, and hence the NFTRH view was that it was likely to have been a horrifying shakeout of the silver bulls that due to its...Read More
Previously,I have shown how the Dow has actually outperformed silver and gold since thecreation of the Federal Reserve in 1913.Today, if silver had the same kind ofperformance as the Dow since around the creation of the Federal Reserve in1913, then it would have topped out at $225.20 [(29568.6/78.78)*.6). Yet, itonly topped out around $50 in 1980 and 2011.In 1973 silver was in a similar type ofpos...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM25 July 2020 -- SaturdayThe gold price traded quietly and unevenly sideways until around noon China Standard Time on their Friday. It was sold down to its low tick of the day by shortly after 1:30 p.m. CST -- and its subsequent rally was capped just minutes after 9 a.m. in London. From that point it was sold lower until around 11:45 a.m. BST....Read More
There's even the possibility of silver going as high as $300 in the near future...Keith Neumeyer interviewed by Josh Sigurdson of World Alternative MediaJosh Sigurdson talks with Keith Neumeyer about the rise of silver and the potential for the precious metal to reach more than $100 an ounce! There's even the possibility of silver going as high as $300 in the near future simply based on the gold/s...Read More
RAPAPORT... Luk Fook's sales plunged 71% in the first fiscal quarter as the coronavirus continued to reduce foot traffic and tourism.Total same-store sales - at Luk Fook outlets open for more than a year - in Hong Kong and Macau dropped 76% in the three months ending June 30, the company said last week. Same-store sales of gold priced by weight slid 72%, while purchases of fixed-price jewelry...Read More
RAPAPORT... Petra Diamonds' full-year sales dropped to their lowest level in almost a decade as the coronavirus aggravated an already weak rough market.Revenue fell 36% to $295.8 million in the fiscal year ending June 30, reflecting sluggish rough prices between July 2019 and February 2020 and a significant downturn during this year's Covid-19 pandemic, the company explained. Sales volume dec...Read More