Eleven workers trapped for two weeks inside a Chinese gold mine were brought safely to the Continue...Read More
Recent surface sampling exploration work at StrikePoint Gold's Porter project returned silver grades of up to 3,840 g/t. StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) announced in a news release that surface sampling showed new veins and extensions and returned up to 3,840 grams per ton (3,840 g/t) silver at the past-producing Porter silver property in British Columbia's Golden Triangle.Detailed...Read More
Peter Krauth, the editor of Silver Stock Investor, looks at silver's bull markets since the 1970s and discusses what he thinks lies ahead. There's no consensus on whether silver is in its second or third secular bull market since the 1970s. That's because people define bull markets in different ways. But as I'll show you, it's not that important.What we do know is that silver enjoyed a huge bull m...Read More
Gold moved higher as the USD Indexmoved lower in today’s pre-market trading. Before providing you with mythoughts on why that happened and what the implications are, let’s see exactlywhat transpired. Figure1 - USD IndexIn yesterday’s (Jan. 19) analysis , I commented on the above USD Index chart in the following way:TheUSD Index is after a major breakout above the declining resist...Read More
Anyone who owns precious metals, mining shares or metals' ETFsknows the drill.First, gold and silver begin toestablish an uptrend on the charts. Analysts (like us) start writing about howprices are getting ready to make an upside run.Then "out of nowhere" thousands of highly marginedfutures contracts hit the market on the short side, "re-painting" thecharts, sending terror into...Read More
The price of gold has declined further amid incoming U.S. President Joe Biden’s fiscal stimulus and poor economic data, which is a bearish sign.The weakness in the gold market continued last week. As the chart below shows, the London P.M. Fix declined below $1,840 last Friday (the price of the yellow metal later declined even further, i.e., below $1,830). The downward trend is a bit disturbi...Read More
In the biggest boost for cannabissince Canada legalized recreational use in 2018, the United Nations has reclassified marijuana, removing it from its most strict drug control list, paving theway for a flurry of positive legal activity the world over … But while U.S. states line up tolegalize recreational use, and while a change of power at the White House bodeswell for cannabis stocks, ther...Read More
As investors await the incoming Bidenadministration and the uncertainties that a transition of power may bring, preciousmetals markets regained some ground through Thursday’s close but have pulledback again on Friday, especially silver and platinum. Preciousmetals prices and financial markets haveseemingly been unaffected by recent political turmoil. Investors have beennonchalant in the face...Read More
Hurray! The disastrous year of 2020, which brought about the COVID-19 pandemic , the Great Lockdown , and the economic crisis , is over! Now, the question is what will 2021 be like – both for the U.S. economy and the gold market.To provide an answer, below I analyze the most important economic trends for the next year and their implications for the yellow metal. 1.Society gains herd immunity...Read More
Gold/SPX indicated the excess and the gold miners are correcting that excessIn and around the August time frame we noted (in NFTRH) high risk to the gold miners because the price of HUI had gotten a million miles ahead of gold’s ratio to the stock market. That was typical bit in the mouth enthusiasm by the gold “community”, as even Warren Buffett bought a gold stock (and signaled...Read More
The price of gold remains at $1,850, and the key drivers are higher bond yields and a stronger risk appetite.Last week, the yellow metal tanked below $1,900 again, and it hasn’t rebounded since the plunge – instead, the price of gold has stayed at around $1,850. What happened? The main driver of the recent weakness in the precious metals market has been the Democratic victory in the Ge...Read More
What a week! First gold soared to almost $1,960, but then its price (London P.M. Fix) plunged to $1,863 on January 8, as the chart below shows.This is quite strange (and bearish) behavior, given what happened last week. First, there were violent pro-Trump protests in Washington D.C. The rioters stormed the U.S. Capitol. During these riots, five people died. Given the chaos in the capital, gold, wh...Read More
Sector expert Michael Ballanger ruminates on how the storming of the U.S. Capitol has affected both America's reputation and the precious metals markets, as well as on the value of "value."The events of this week are dominating the news cycle, with a sitting president days away from being replaced while Congressional and Senatorial leaders debate whether he should be impeached immediatel...Read More
Below is our long term goldforecast, it continues to be bullish on a monthly basis, despite the turbulenceof 2020 gold has performed well and a pause for a few months is entirelyreasonable given the speed of its initial acceleration. As you can see from our monthlychart, gold is clearly at significant levels - hovering around the 2011 highs, theunderlying structure of the market is still very posi...Read More
In this first trading week of 2021, a new investment theme appears to be emerging. That theme can be summed up in a single word – reflation.A resurgence of inflation is being priced into asset classes across the board. Stocks are rallying to new records. Shares of Tesla and alternative energy companies are going to the moon. Marijuana stocks are suddenly back in vogue. Bitcoin is going bonke...Read More
2021 started off well for gold. It’s not surprising, as January is usually positive for the yellow metal, but the Georgia runoff results may constitute an additional bullish factor in the longer term.What a start to the new year! Gold has begun 2021 very well : as the chart below shows, the price of the yellow metal (London A.M. Fix) increased from $1,891 on December 31, 2020 to $1,947 on Ja...Read More
If you follow our research, you already know my research team and I have authored multiple articles related to how Metals and Miners are poised for a big rally in 2021 and beyond. But do you understand what this means for other market sectors and assets? Are you ready for one of the most dynamic investing environments we’ve seen since 1945 or earlier? Gold and Miners are showing...Read More
The thing that most likely raisedquite a few eyebrows this week was – in addition to gold’s recent move byitself – the fact that gold rallied mostly without the dollar’s help. Yesterday(Jan. 5) I wrote that one swallow doesn’t make a summer and that a singlesession rarely changes much.We didn’t have to wait for long – thesituation seems to be getting back...Read More
Peter Krauth discusses the confluence of factors that points to the gold bull market having plenty of upside ahead. In investing, as in life, perspective is everything.To some, gold at $1,525 as we started out 2020 seemed expensive. Today, it's trading at $1,940, producing a 27% gain.And yet, from several viewpoints, gold still looks cheap at current prices. Debt, easy money and geopolitical risks...Read More
Technical analyst Clive Maund discusses the dollar's fall and what it means for gold. We now have a very rare setup for gold which is in position to "go ballistic" as the dollar collapses. The dollar is being intentionally destroyed by the Fed, which is creating dollars in vast unprecedented quantities in order to buy up distressed assets on the cheap and in order to pave the way for the new "digi...Read More