While the yellow metal hit a newrecord high, the silver price remains below its post-pandemic peak. Recession RisksLoom Over SilverWhile gold has dominated the headlines recently,silver and mining stocks have been material underperformers. And with thelatter better barometers of investors’ enthusiasm, their relative weaknessshould concern the permabulls. Likewise, with w...Read More
While looser monetary policy may seembullish in the short term, the medium-term ramifications could upend the yellowmetal.Recession PessimismAheadThe ‘bad news is good news’ tradecontinues to dominate the financial markets, as weaker economic data isperceived as bullish for risk assets. In a nutshell: if the Fed pivots and endsQT, all of investors’ problems will disappear. Howeve...Read More
Silver just shot up, and given whatthe stock market is doing, it makes perfect sense.Namely, it’s most likely the final partof the rally in them both, and the same is the case for gold and mining stocks. Echoing Early 2022Starting with the stock market, it’sstill the case that the shares are following their early-2022 path.What I wrote about it previously, remainsup-to-date:Stockssoare...Read More
Cameco Corp. (CCO:TSX; CCJ:NYSE) — the godfather of the uranium trade — has moved to all-time highs, with the spot price hitting US$80.00/lb. From Trading Economics:"Uranium prices in the U.S. surged past US$80 per pound for the first time since January 2008 in November, soaring past pre-Fukushima disaster levels amid high demand and risks to supply. Fossil fuel volatility and decarbon...Read More
Hi,Gold has long been seen as the refuge for investors who are concerned about economic downturns and inflation. And it's tempting to attribute the metal's price movements to factors like supply and demand, the dollar and interest rates. But Elliott wave analysis shows the actual driver of gold prices is ... market psychology.Elliott wave analysis is the only method that objectifies market psychol...Read More
Gold stocks have mostlyground lower to sideways since spring, leaving this contrarian sector reallyout of favor again. Yet both the metaland its miners’ stocks are early on in their strongest seasonal rallies of theyear. From late October to late February,gold tends to enjoy excellent gains which the gold stocks leverage. Given 2023’s great winter-rally setup, gold&rs...Read More
The Copper/Gold ratio has been indicating an oncoming counter-cyclical environment since breaking down in June, 2022Copper: Cyclical, inflation sensitive and a material of positive economic progress.Gold: Much more counter-cyclical, less inflation sensitive and a ‘liquidity haven’ material of long-term monetary value. I have not posted the monthly chart of the Copper/Gold ratio probabl...Read More
Caught between conflicting forces,will pivot optimism outweigh the economic malaise that should unfold in themonths ahead?A Short-Lived Rally?From war premiums to pivot hopes, silver seessunny skies, as the international and domestic fundamental outlooksincrease investors’ enthusiasm , as the international and domesticfundamental outlooks increase investors’ enthusiasm. However, t...Read More
As the concern with geopoliticspeaked, so did gold price. Silver and mining follow. Are you prepared for thelikely outcome?Gold Peaks and SlidesIn my yesterday’sanalysis, I wrote the following about gold: Goldmade a few attempts to move above the all-important $2,000 level and the risingresistance lines, and it failed all of them. The strong short-term momentum isgone, just as the fear of th...Read More
(IDEX Online) - Prices fell during February after what now appears to have been a false start to the recovery in December. Losses dominated among almost all sizes of goods, much as they did during January. Demand is slow and markets are quiet after the holiday season, Valentine's Day and the Chinese New Year. Rough supply remains slow (De Beers sold just $370m in January). Miners say there wi...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM ESTWTI Crude oil added $1.33 to a three month high at U.S. 79.58 per barrel.Dell Technologies advanced $12.34 after reporting higher than consensus fourth quarter results. The company also raised its dividend.Autodesk gained $14.83 to $273.00 after reporting higher than consensus fourth quarter results...Read More
In a lifetime of observing policy controversies and court cases, I've never witnessed anything as crucial to the future of the idea of freedom itself compared with what will transpire on March 18, 2024.On that day, the Supreme Court will hear arguments in Murthy v. Missouri concerning whether the government can force or nudge private companies to censor users on behalf of regime priorities.The evi...Read More
Liberal: A supporter of a political and social philosophy that promotes individual rights, civil liberties, democracy and free enterprise.There you have the dictionary's liberal, Mr. Webster's liberal.This liberal is a spacious and tolerant fellow. This fellow is all right.His liberalism is... if we can say it for ourself... the liberalism of The Daily Reckoning.We are with Mr. Jefferson:"It does...Read More
Are you tired of the war in Ukraine?I bet you are.I know I am and it's not even my family that's being killed by Russian rocket fire. That is to say, at least 9,600 Ukrainian civilians have died so far in this conflict, with another 17,000-plus injured.And that's just what's been verified by the U.N. The number will climb as we continue to uncover mass graves throughout Ukraine for the next few de...Read More
bezos #jeffbezos.Read More
CEO.CA caught up with Sharyn Alexander, President of Sun Summit Minerals (TSXV: SMN | OTCQB: SMREF) to discuss the JD ...Read More
Tom welcomes back Francis Hunt, Founder of "The Market Sniper" to the show. Francis discusses the current market dynamics, ...Read More
Subgen AI, a European company specialising in generative AI technologies, aims to democratise the use of AI across businesses ...Read More