Here, Chris interviews Deepak Varshney, CEO of Usha Resources (TSXV-USHA; OTCQB-USHAF.) Interestingly, Usha has two ...Read More
Perpetua Resources Corp. has announced their results for Q3 of 2023, including many milestones to advance its Idaho project. Read on to see why analysts like this company's stock.Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) announced through a press release that the company has filed its financial results for Q3 of 2023, which ended on September 30. According to the press release, there were s...Read More
This gold junior, which just went public, is starting its first drilling campaign at its flagship project in Mexico. A nearby project might give a clue on what to expect.Centenario Gold Corp. (CTG:TSX.V), which just went public at the beginning of the month, announced it is starting its first drilling campaign at its Eden project near Cosala, Mexico.The company plans to drill 1,500 meters over 10...Read More
Silver X Mining Corp. releases operational results from the third quarter. One analyst said the numbers bode "well for future performance."Silver X Mining Corp. (AGX:TSX.V) announced it has successfully processed 230,444 ounces of silver equivalent (Ag Eq) in 45 days after resuming mining operations at its Nueva Recuperada project in Central Peru.The company has released operational results from t...Read More
Gold typically does well in December and early into the New Year. Ron Struthers of Struthers Resource Stock Report believes a gold stock that way oversold and positioned to rebound strongly, regardless of the gold price, is Torex Gold.A 1-month favorable report on inflation does not make a trend, but energy prices are a bit weaker so far in November, so we could get another low CPI reading for Nov...Read More
Omai Gold Mines Corp. has announced its latest drill results from the Wenot deposit in Guyana. Read on to see why analysts like this company's stock.Omai Gold Mines Corp. (TSXV:OMG) has announced in a press release that it has the drill results from the Wenot deposit of the company's Omai Gold Project. The drill holes on the project, which is located in Guyana, are 23ODD-066, 23ODD-067, and 23ODD-...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the U.S. dollar, the gold market, and one stock he believes will soon be front-and-center. When I first decided to launch the newsletter in January 2020, I was faced with the task of finding a major theme not only for the yearly 2020 Forecast Issue but also a theme for the letter itself. I toyed with the concept of...Read More
The Canadian company is making progress in this regard such that Q4/23 numbers should improve, noted a Red Cloud Securities report.Silver X Mining Corp. (AGX:TSX.V) missed Q3/23 estimates for production after halting it temporarily but since the restart, has been ramping operations back up aggressively, reported Red Cloud Securities analyst Timothy Lee in a November 15 research note."We view the r...Read More
Global Analyst Adrian Day notes that recent earnings reports from gold and precious metals companies reflected lower production and higher costs amid macroeconomic uncertainty. However, strong balance sheets position leading royalty companies to acquire assets.Franco-Nevada Corp. (FNV:TSX; FNV:NYSE) faced declining sales, though higher prices led to higher revenues. Osisko Gold Royalties Ltd. (OR:...Read More
The World SilverSurvey is an annual report published by The Silver Institute since 1990. Itprovides market participants with supply and demand statistics for criticalsectors of the silver market, along with price and trade data.The 2022 World SilverSurvey reported a global silver deficit of 154 million ounces, the mostsignificant since 2015. The 2023 World Silver Survey reported a global silverdef...Read More
The markets just assumed a dovish U-turnin interest rates, thinking that the inflation problem is handled. The below chart features the inflation that’s expected inone year. Yes, you see it correctly.The market expects the inflation to moveto about 1.31% in one year.A bit over 1% in one year… Really?!Here’s the recent CPI (YoY) reading: Long RoadAhead for Inflation Reductio...Read More
As anxiety grips the white metal, is aretest of the 2023 lows or highs more likely? With the Fed’s hawkish crusade helping tosuppress gold, silver, and mining stocks, the permabulls have gonefrom loud to quiet. Moreover, with resilient demand supporting inflation andkeeping the pressure on the Fed, we warned on Mar. 31, 2022, that consumerspending would cause problems for the centr...Read More
Yesterday’s FOMC and the following press conference were groundbreaking. Rates stayed, but Fedsaid about raising them twice this year = no U-turn!This is a game-changer because so manyinvestors were still believing in a quick, dovish U-turn. And those dreams werejust dispelled. The fact that rates were not hiked yesterday doesn’t matter asmuch as the fact that their expected future pat...Read More
Approximately 12 years ago, I wrote my first public market prognostication and it was focused on gold.At the time, gold was enjoying a parabolic rally, and the discussion amongst the general public was how far past the $2,000 mark gold was going to strike during that rally. So, on Aug. 11, 2011, I concluded my first gold articleas follows:"Again, since we are most probably in the final stages...Read More
What if bitcoin just topped? What doesit change for the price of gold going forward, if anything?Many years ago, people wanted to buy goldbut didn’t really want to store it in their homes, pay for safekeeping andinsurance during transport, and so on. The demand gap was filled by all sortsof e-gold, e-bullion, and overall pooled accounts. This idea might seem odd tothose, who are new to the p...Read More
While callingthe top is a process that plays out over time, silver’smomentum has fizzled, and the next major move should be to the downside. Toexplain, we wrote on Apr. 21: Theblue line above shows how silver often peaks in mid-to-late April, withsubstantial weakness following until the end of June. In a nutshell: May and June are when the white metal hassuffered its worst his...Read More
While the 2011 analog paints anoptimistic portrait for gold, silver and mining stocks, a re-enactment of thelast debacle is unlikely to unfold this time around. Back then, gold soaredamid the debtceiling chaos, while the USD Index was a major casualty. And whileit’s possible lawmakers could ignite a similar event, most learn from theirpast mistakes.For example, while bloated stockvaluat...Read More
April had started with gold at $1,990,then gold moved as high as $2,063.40, and yesterday, it closed at $1,999. Atthe moment of writing these words, gold futures (because that’s what you see onthe above chart) are trading at $1,993. Monthly Reversal CandlestickThis means that gold formed a hugemonthly reversal candlestick. Since the opening and closing (assuming that thecurrent price will be...Read More
As the gold market marches toward new records, it is proving the naysayers wrong and vindicating longtime bulls. Gold posted a record high close on a quarterly basis at the end of March. Now the monetary metal has its sights set on setting a new all-time high here in the coming days.That’ll have to wait until next week though as global markets are closed here on this Good Friday. Gold will f...Read More
If the decades old bubble in paper assets is ending, that's why gold!Various promotions along the way of the Continuum have distilled the case for gold down to handy buzz phrases like “got Gold?” as if it were a carton of milk. Other promotions have presented gold as the go-to asset through all types of macro phases, from “fiat is gonna blow up any day now” to “inflat...Read More