With the economic backdrop continuingto deteriorate, silver’s bull case has become increasingly fragile.Ominous Signs AheadWhile silver has bounced off its recentlows, the white metal continues to underperform gold. And whenvolatile areas of the precious metals market showcase weakness (silver andmining stocks) it’s often an ominous sign for the entire sector. In addition,&n...Read More
While geopolitical conflict has keptgold afloat, mining stocks’ weakness signals trouble ahead. EconomicRecession LoomsWhile risk assets attempt to breakfree of their bearish corrections, gold’s relative outperformance hasthe yellow metal shining bright. Despite that, we’ve booked 11-straightprofitable trades, and our 12th (currently open) remains in the gree...Read More
Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwindWe have used this daily chart of the gold stock ETF, GDX in written and video updates to keep NFTRH subscribers apprised of the progress of the bounce from the early October low (after previously using the chart to manage the long correction that began with the May double top). Let’s upd...Read More
Crisis, crisis everywhere. But objective, free from the noise of the news, forecasting of commodity prices starts here, with our free Special Report ($155 value). The geopolitical landscape is wracked. War in Ukraine, humanitarian crisis in Syria, and now, what Vox Media on October 15 called the "worst conflict in decades" between Israel and Hamas. For mainstream analysts who use news as the main...Read More
Silver has been a major underperformerin recent months, as the white metal proved no match for higher real yields anda stronger USD Index.With silver gunning for its 2023 lows,the recent sell-off has done severe technical damage. And while the weaknesshas been a boon for our GDXJ ETF short position, silver could enjoy ameaningful bounce in the weeks ahead. Yet, the technicals are much better...Read More
Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2028. This will consume in excess of 5.5Mt of copper, according to a recent analysis by Wood Mackenzie.Henry Salisbury, Wood Mackenzie Research Analyst, said: "Wind technology is the most copper-intensive form of power generation and is anticipated to consume the largest amount of copper over the...Read More
(IDEX Online) - Candy brand M&M's has created lab grown diamonds made from peanut butter for American footballers who miss out on the Super Bowl rings presented to the winning team.Three "almost champions" - Dan Marino, Terrell Owens and Bruce Smith - will receive "Almost Champions Ring of Comfort", designed with a hidden replica of a football stadium that houses a single Peanut Butter M&...Read More
(IDEX Online) - A jeweler was shot in the back, robbed and then kidnapped in a terrifying attack North Carolina, USA.Four men wearing ski masks targeted the man at TIF Designs, Gastonia, then drove him to his home, 15 minutes away, in his own Chevrolet Tahoe.The unnamed victim was treated at Caromont Regional Medical Center, in Gastonia, for a single gunshot."Officers arrived on scene and were inf...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points at 8:30 AM EST. Palantir added $2.66 to $19.38 after reporting higher than consensus fourth quarter revenues. Spotify gained $14.24 to $237.43 after the company reported a narrower than consensus fourth quarter loss.Eli Lilly advanced $30.00 to $736.00 after reporting higher than consensus fourth quarter earni...Read More
When will the Fed cut rates? Before giving you the answer, let's back up.Before last week's Federal Reserve meeting, I offered readers the following forecast of what would happen at that meeting:On Wednesday, the Fed will leave its target rate for fed funds unchanged. That decision will keep the federal funds target at 5.50% as set at the July 26, 2023 meeting. Over the course of fifteen FOMC meet...Read More
I didn't find out about my county's new plastic bag ban until I was left standing dumbfounded with an arm full of groceries at a crowded (and bagless) self checkout station.An annoyed clerk finally walked by and handed me a paper bag, charged me five cents, and sent me on my way.Thanks to the bag ban, I have a new grocery store routine. Every last-minute trip to pick up bread, milk, and bananas no...Read More
My focus is on economics and capital markets. In theory, politics shouldn't factor much in my analysis.But in reality, politics has become a major influence on markets, and I can't afford to neglect the political dimension. I might not like it, but I can't ignore it.Sure, politics has always influenced markets to some extent. But today, it's taken on whole new dimensions.It's not the 1990s anymore...Read More
An argument can be made that the junior sector has sucked over the last couple years. But, the quality projects are being financed ...Read More
wallstreet #economy #superbowl #gold #investing #finance In a recent discussion, Peter Grandich voiced deep concerns about ...Read More
Denis, Cejay and Mat enter the EarthLabs War Room for the first time in 2024. They discuss: 00:00 Intro 1:10 Early 2024 Market ...Read More
CEO.CA caught up with Thomas Mumford, VP Exploration of Scottie Resources (TSXV: SCOT | OTCQB: SCTSF | FSE: SR8) to ...Read More
CEO.CA caught up with Jon Bey, CEO & Director of Standard Uranium (TSXV: STND | OTCQB:STTDF | FSE: 9SU) to discuss the ...Read More