Expert Michael Ballanger takes a moment to review current updates in the stock market, including the position of gold, the current Fed mandate, the outlook of Getchell Gold Corp., and the Nord Stream Gas Pipelines.I open this week's missive with a repeat of my Wednesday evening Email Alert:"Despite yesterday's pop, I expect that collateral and margin calls are going to keep stocks under pressure r...Read More
Now BacTech Environmental Corp. must pursue the community consultation phase before receiving final environmental permit for its Tenguel bioleaching plant.BacTech Environmental Corp. (BAC:CSE;BCCEF:OTCQB;OBT1:FRA) has received approval from the government for its environmental impact study for its new bioleaching plant opening next year in Tenguel, Ecuador.The Ministry of Environment, Water, and E...Read More
Infinitum Copper Corp. continues to get impressive results from its drilling campaign at its flagship project in Mexico, but another discovery is helping to point the way to future exploration.Infinitum Copper Corp. (INFI.TSV.V) is using unexpected clues from diamond drilling results at its La Adelita project in the Sonora and Sinaloa states of Mexico to help pinpoint where to sink the next holes....Read More
This company with early-stage exploration projects with blue sky potential just garnered analyst coverage by Red Cloud Securities, a firm report noted.CAVU Energy Metals Corp. (CAVU:CSE; CAVVF:OTC; 5EO:FSE), now aquired by Alpha Copper Corp. (CSE: ALCU;OTC: ALCUF), caught the attention of the global mining investment bank Red Cloud Securities, which initiated coverage on the company with a Specu...Read More
Queen Elizabeth II died, but King Dollar is the strongest in decades. Gold doesn’t like it.To say that gold has been struggling this year is an understatement. As the chart below shows, the price of the yellow metal declined from above $2,000 to below $1,700 (as of September 20). That slide occurred during the highest inflation since the great stagflation of the 1970s. One of the headwinds b...Read More
Why should investors even consider taking a position in a gold junior, given gold’s lackluster performance so far this year?Having scaled 2021 peaks of $1,865 an ounce in November, and $1,903 in June, the gold price burst onto 2022 @ $1,800. By Jan. 19 it was at $1,840. Since then, the precious metal has come under intense selling pressure. A combination of rising government b...Read More
GOLD – WHAT DID YOU EXPECT?Question No. 1. What’s wrong with gold?Question No. 2. Inflation is roaring and gold is dropping in price. Since gold is an inflation hedge, why isn’t its price going up?If you need to ask either or both of those questions, then you are likely suffering from a case of unrealistic expectations involving gold and its price behavior. WHAT’S WRO...Read More
As predicted, the dollar growsstronger while gold goes in the opposite direction. Can we expect a temporarycorrection next?It’s happening! The massive upswing in the USD Index and the slide in theprecious metals market are here. Just like you knew in advance. I’mreceiving multiple messages where you’re sharing your gratitude with me, andI’m extremely...Read More
The war in Ukraine has entered itsseventh month and some people believe that China is gearing up for a war withTaiwan. Will bulls invade the gold market?In August, half a year had passed sincethe beginning of the war in Eastern Europe. Ukraine defended its independence but lost 13% of its territory. The six months of war between Europe’s two largest nations have brought deathand suffering on...Read More
Yes here's another potential black swan brewing in the background as the world continues to reel from the impact of high oil prices with the blame firmly being placed at the feet of Czar Putin, so I trundled along to take a look under the hood of the oil market and I noticed something strange that could result in an oil market DOOMSDAY Black Swan event! Look at the graph of proven Saudi Arabian oi...Read More
The key FOMC meeting ends soon. One thing is certain: after this event, the gold market won’t be the same.The Fed’s Projection Will Be Key for GoldLadies and gentlemen, please take your seat and fasten your seat belt, as we’re approaching the FOMC meeting and there could be some turbulence! Actually, gold has already entered an area of turbulence and has declined below the psycho...Read More
Gold has sure been afour-letter word lately, suffering one of its worst bull summers. The primary culprit was heavy gold-futuresselling on a parabolic US-dollar surge fueled by extreme Fed hawkishness. But the resulting gold technical damage reallydisheartened investors, spawning additional relentless selling from them. This investment bleeding has certainlyexacerbated gold&rsquo...Read More
The annual CPI decelerated in August but came in higher than expected. Bets on a more hawkish Fed increased, while in the case of gold, they decreased.Inflation stayed hot in August. Unbelievable! At least for the majority of pundits who expected softer inflation. However, I’m not surprised, as I’ve repeated many times that “inflation is likely to stay elevated for some time.&rdq...Read More
After the bearish progress, oil pricesslipped slightly as worries about the global growth outlook overtook fearsabout the supply shortage.Macroeconomics On the macroeconomic view, the greenbackfound support on its 50-Day Moving Average (DMA) at the beginning of the weekbefore resuming its rally upward and approaching its monthly highs of$110-110.50. Will the quarterly R3 pivot ($115) be reached an...Read More
Gold continues tolanguish near major lows after a rough summer, deeply out of favor with traders. Oddly this leading alternative investment seemsoblivious to the first inflation super-spike since the 1970s. That should be driving big gold demand, fuelinga major upleg. But that classic inflationaryresponse has been temporarily delayed by heavy-to-extreme gold-futures selling. ...Read More
Powell’s speech at the Jackson Hole symposium confirmed his hawkish stance, sending gold prices towards $1,700.Markets Were Quick to React to Powell’s SpeechJackson Hole is behind us! What have we learned from Powell’s remarks at this year’s symposium? Well, the Fed Chair delivered a decisive and firm speech that reinforced the Fed’s hawkish stance and put to rest bel...Read More
Both gold and silver’s results sagged,but gold stocks are the worst performers so far. What is this decline leadingto?Gold moved visibly lower yesterday,silver closed at the second-lowest level in over 2 years, and miners (both GDX and GDXJ) formed theirlowest daily close in over 2 years! If someone has chosen to take shortpositions, profits have increased. Let’s take a closer look at...Read More
A recession is coming – but will it really be positive for gold? After all, the yellow metal plunged in 1980, despite an economic downturn.Recession and StagflationEveryone says that the upcoming recession and stagflation will be good for gold. However, will they really? Some doubts also arose in my mind, so let’s investigate them. I, of course, don’t dispute that gold soared in...Read More
SILVER COIN PREMIUMSIn 1972, a bag ($1000 face value) of “junk” US silver coins sold for approximately $1300-1350. The average closing price of silver that year was $1.68 oz; hence, the silver content (715 ounces) value was $1200 per bag. The remaining difference was a premium of about ten percent.A lower silver price would generally result in higher percentage premiums because the fac...Read More
Fear is starting to become an issue. Traders are starting to realize inflation, CPI, PPI, and global currencies are reacting to the sudden policy shift by the US Fed and global central banks. This fear is showing up in the Gold-to-Silver ratio as well.My research suggests the closest comparison to the current Gold/Silver setup may be found by looking at the early 2000~2003 US markets. Let’s...Read More