Gold stocks latest swoon confirms what has been stated and inferred in my previous articles about gold mining shares – namely, gold stocks are a lousy investment.The original article linked in the preceding paragraph was published in September 2016. I just finished reading it again and find no reason to edit or modify its contents.The price of gold peaked in the summer of 2016 – shortl...Read More
Let's not be confused by the temporaryUSDX weakness. Junior miners are faint and we can expect them to decline againsoon.Apriland May Replay? Although history doesn’t repeat itself tothe letter, it rhymes. At least that’s what tends to happen in the financialmarkets.In today’s analysis, I’ll explain why Ithink we’re about to see another example of the above in the cas...Read More
The recent downward Crude Oil trend may have caught many traders by surprise. Just before the US Fed raised interest rates on June 15, 2022, Crude oil was trading above $120ppb. Less than 5 days later, it collapsed -12% and has continued to trend lower. Currently, Crude Oil is near -17% lower than recent highs.It appears Crude Oil has confirmed resistance near $120 and is devaluing as consumers pu...Read More
Are you thinking about investing in precious metals? Preciousmetals have been considered a good investment for centuries. There are manyreasons they are seen as a valuable commodity, and in this article, we willdiscuss some of the most important ones. From their stability to their abilityto hold value over time, precious metals are an excellent choice for investorswho want to protect their money....Read More
As they leverage the macro, what’s good for gold is even better for gold minersAfter last week’s article, in which we noted a unique move on ‘CPI Friday’ as gold and the miners put in an expected test of the lows and quickly reversed upward, unique among a world full of bearish markets…A pivotal juncture for gold and gold stocks…let’s take a checkup on a...Read More
Oh the suspense, because if you believe the numbers, they're not really all that bad, or all that good...(by Half Dollar) First things first: For all of this newfound "hope" in justice coming to the Perth Mint, I'd like to remind everybody that it's the Queen of Australia who runs that place, much like it's the Queen of Canada who runs the Royal Canadian Mint, and as far as I can tell, both mints...Read More
As predicted, gold stocks aregradually declining. Their situation is unlikely to improve - the Fed isalready planning another interest rate hike.After yesterday’s huge slide in the PMs(GDXJ declined by over 8%!) and a sizable increase in our short positions injunior miners, gold and silver are moving back and forth, gathering strengthfor the next move. Or waiting for the next trigger.They ar...Read More
Gold investment demandshould be soaring with serious inflation raging, catapulting gold wayhigher. Yet recently it has greatlylagged fast-rising general price levels, confounding contrarian investors. But history argues this anomaly won’t last,that eventually big inflation will spur gold. Today’s terrible inflation super-spike fueled by extreme Fed moneyprinting is the...Read More
Buoyed by tight world supply and higher demand, Light crude oil prices are expected to reach the first resistance level of $124.50 over the next few weeks. WTI prices are being driven by several factors. First, the summer driving season in the US, and second by the relaxation of China's Covid curbs (Chart 1). On the supply side, the EIA has said that US Strategic Petroleum Reserve dropped by a rec...Read More
What are the new fundamentals for crude oil to look at this week?Could Asian demand be slowed down by Saudi Arabia raising its prices? Crude oil prices soared earlier this weekafter Saudi Arabia said on Sunday it would raise crude oil prices for mostregions except the United States. Just days after opening the floodgates alittle wider (as announced lastweek following an OPEC+ meeting), Saudi Arabi...Read More
An analysis of any profit potential in gold requires an understanding of gold and its fundamentals. The problem is that most folks do not understand gold or its fundamentals. “Most folks” includes investors, traders, speculators, advisors, analysts, marketers, etc. THERE IS ONLY ONE GOLD FUNDAMENTALThe single fundamental for gold is that gold is real money. PERIOD. Gold&rsqu...Read More
After briefly reaching highs above $2000, Gold has fallen to $1785 (-14%) following the deep selling in the US major indexes throughout most of April & May 2022.Interpretation Of The Current Consolidation In GoldMy team and I see the recent lows in Gold as similar to the April/May 2009 consolidation after the Global Financial Crisis. Also similar to the January 2013 consolidation before an ext...Read More
Some analogies in the gold market thatmay be a hint for investors can be seen right now. If there's a 2008 rerun,what could that mean in the near term?The precious metals market declinedyesterday, and while the move is still small, it’s nice to see that our shortpositions in juniors are already profitable.Something quite interesting happened intheir price movement at the beginning of yesterd...Read More
A comparison of this year’s grocery bills to last year’s yields a simple yet terrifying conclusion: food prices are rising at a rate beyond anyone’s imagination.The Food and Agriculture Organization’s (FAO) food price index, which tracks the price movements of the most commonly traded and consumed food crops, recently reached its highest on record.Most point to the exorbita...Read More
Copper is one of our most important metals with more than 20 million tonnes consumed each year across a variety of industries, including building construction (wiring & piping,) power generation/ transmission, and electronic product manufacturing. The red metal is also a key component in transportation; electric vehicles use about four times as much copper as regular internal combustion engine...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"As our exploration activities ramp up, the demands of the Company's finance and operations teams are increasing, and I'm excited to have them join the team and contribute to driving the project forward," Filo's...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDZaritsky is to remain on as an adviser to the board of directors of the gold explorer and developer and continue in his primary role as CFO of Osisko Mining.Zaritsky has stepped down from the O3 board.North Gilb...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDHannes Meyer departs as CFO after 11 years of service but will remain with the company, First Quantum said.MacWilliam has been with the company since 2019, leading business development and investor relations.Nor...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED In what looks like a "third-time lucky" tax attack by the Australian Government the latest proposal surfaced yesterday in a speech by a senior academic at an economic summit in Canberra.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMarathon Gold on September 1 updated its initial capex estimate for Valentine to C$470 million to C$490 million, a 57% increase from its previous estimate of C$305 million contained in an April, 2021Read More