Technical Analyst Clive Maund reviews Hercules Silver's charts to explain why he believes it is a Strong Buy.After its huge copper find in Idaho last fall, Hercules Silver (BADEF:OTCMKTS;BIG:TSXV) is thought to be as much a copper stock as a silver stock, hence the color of the charts in this article. On the back of the news about the discovery of copper, there was a huge runup, rising almost 8-fo...Read More
Endurance Gold Corp. will start its 2024 exploration activities at the Reliance Gold Property in early May, according to an Atrium Research note.On April 8, Endurance Gold Corp (EDG:TSX.V) revealed its intention to start its 2024 exploration activities at the Reliance Gold Property situated in the southern region of British Columbia, Canada, in early May. This was reported by Atrium Research analy...Read More
Ron Struthers of Struthers Resource Stock Report shares his thoughts on the current state of the gold market, as it had a strong run and a pause. He also shares one stock he believes deserves a higher valuation. Gold is having a strong run, and a pause, consolidation, or correction is healthy. It looks to me that we have a short term top with a spike close to $2,400 on higher volume than recently....Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market, including moves in gold, silver, and copper.As the weekend unfolds, precious metals enthusiasts the world over are going to be reading dozens upon dozens of "expert commentaries" on Friday's vicious reversals in gold and silver, being treated to a multitude of theories as to how and why these clearly ove...Read More
Technical Analyst Clive Maund shares his thoughts on current movements in the gold market.The turnaround in gold and the precious metals sector on Friday was really dramatic, with gold dropping about $80 from its 11 am EDT peak. This brought out the old explanation about "the powers that be" cratering it by burying it with paper shorts. However, as we can see, there may be a simpler explanation.Go...Read More
Technical Analyst Clive Maund reviews current trends in the silver market to explain where he believes it is headed.Silver has done really well in recent weeks, ascending toward "round number" resistance at $30, but that's where it "decided to call it a day" on Friday with a big ugly reversal candle forming on heavy volume a "gravestone doji." Silver's strong rally this month has led to its bein...Read More
Technical Analyst Clive Maund shares his view on platinum, a metal he believes is horribly undervalued. This morning, we are going to have a look at platinum because it is still horribly undervalued and historically extremely undervalued relative to gold, as we will see. In case you didn't know, platinum is a precious metal and it is 30 times more rare than gold.If all the platinum ever mined were...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 40 points at 8:35 AM EDT despite Iran's missile attack on Israel over the weekend. Index futures gained 9 points following release of March U.S. Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.3% versus a revised gain of 0.9% in February. Actual was an increase of 0.7%. Excluding auto sales, consensus for M...Read More
As you know by now, this weekend Iran attacked Israel with a combination of drones, cruise missiles and ballistic missiles. While we don't have the exact number, reports indicate that the attack included about 300 drones and missiles in all.The attack was primarily focused on military and intelligence installations, not major population centers like Tel Aviv. It apparently caused little damage, as...Read More
This is that part of the movie where the hero you tumbles off the cliff on Kong Island in a lightning storm with a canyon full of tarantulas down below where you'll soon be landing. I know, not a pretty picture.The cliff is our country's financial quandary; the lightning is us getting sucked directly into war; and the tarantula pit below is the emerging peril of COVID vaccine injury and death...Read More
ELKO, Nev., April 15, 2024 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU) today announced that it has entered into a securities purchase agreement with certain investors, providing for the purchase and sale of 1,400,000 shares of common stock at a price of $3.50 per share in a registered direct offering and, in a concurrent private placement trans...Read More
Dakota Gold Corp. is making waves with its promising projects in South Dakota's historic Homestake District. Read on to see why some experts like this gold stock.Dakota Gold Corp. (DC:NYSE American) is a U.S.-based gold mining company that's catching the attention of analysts and investors alike. The company's shares are poised for a breakout, according to Technical Analyst Clive Maund, who rated...Read More
Metallic Minerals Corp. announced it has filed the National Instrument 43-101 technical report for its inaugural mineral resource estimate for its 100%-owned flagship Keno silver project adjacent to Hecla's mining operations in the Yukon. Find out what the company has planned for the rest of the year.Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCQB) announced it has filed the National Instrument 43...Read More
Technical Analyst Clive Maund reviews Hercules Silver's charts to explain why he believes it is a Strong Buy.After its huge copper find in Idaho last fall, Hercules Silver (BADEF:OTCMKTS;BIG:TSXV) is thought to be as much a copper stock as a silver stock, hence the color of the charts in this article. On the back of the news about the discovery of copper, there was a huge runup, rising almost 8-fo...Read More
LONDON, 14 April 2024 - Data and analysis from BullionVault today features in a report about Westerns households taking profit on gold at these new all-time highs from global financial news service Bloomberg."In recent weeks," says Bloomberg, "BullionVault's trading platform has seen more than twice as much selling as the year before." That's because, despite rising geopolitical violence and tensi...Read More
LONDON, 11 April 2024 - Analysis from BullionVault features today in a report on the surging price of gold from the German site of global investment news outlet Business Insider.Why is gold rising? " In one word: China ," the report quotes Adrian Ash, director of research at BullionVault.Read the full story, in German, at Business Insider here:Der Goldpreis erreicht ein Rekord-Hoch - das solltet i...Read More
LONDON, 11 April 2024 - BullionVault's Gold Investor index features today in a report on the rising gold price published by investment news and ratings service Morningstar."[Tracking] trading decisions among the world's largest single pool of private investors in physical bullion, [the index] fell to a new record low of 47.5 in March," says the report, "down 4.0 points from February - its steepest...Read More
Another week, another record high for gold. On Wednesday, the monetary metal surged above $2,300 per ounce. Ittook a bit of a breather Thursday ahead of today’s key employment report but itrallied again on Friday. Turning to silver, it made a significantbreakout of its own this week. The white metal shot upabove the $27 level to a fresh 2-year high and rallied to over $27.50 on Friday...Read More
On the occasion of another standout payrolls report, we note that the macro is indeed changing beneath the surfaceAnother payrolls report, another beat of expectations. Here is the breakdown of the details as posted earlier. However, let’s pluck one graphic from that post and illustrate a phenomenon I’ve been watching unfold for several months in a row; that of unabated government hiri...Read More