Uncertainty is back with a bang, as ratcheting Middle East tensions send risk through the roof only a few days into the new year. Oil is up, gold is up, and risky assets such as cannabis are down. The development in Iraq could see mounting unrest directly impacting the energy sector, with a knock-on effect for the broader international economy.Oil infrastructure targets could be a low-cost retalia...Read More
Mexican President Andr?(C)s Manuel L??pez Obrador. (Image by PresidenciaMX 2012-2018, Wikimedia Commons). Mexican President Andr?(C)s Manuel L??pez Obrador took pride in the fact that his administration hasn't approved new mining concessions.During a public event with Indigenous people in the central state of Puebla, L??pez Obrador criticized the five administrations that preceded his for approvi...Read More
Wind and solar park. (Image from Pxhere, CC0 Public Domain). An international team of researchers published a paper in Science stating that the global low-carbon revolution could be at risk unless new international agreements and governance mechanisms are put in place to ensure a sustainable supply of rare minerals and metals.According to the scientists, the main risk emerges from the fact that g...Read More
Coal miner. (Image by Biswarup Ganguly, Wikimedia Commons) Consulting firm GlobalData and the Stockholm Environment Institute joined forces to provide a series of recommendations on how to address the social challenges related to the closure of coal mines.The dossier is presented as a conversation between the consultancy's mining writer JP Casey and Claudia Strambo, a research fellow at the Stock...Read More
Clive MaundIn this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian General and its potential implications for the gold price.On the latest 10-year chart we can see that gold is making a 2nd attack on the key m...Read More
"The best is yet to come."- Frank Sinatra, American singer, actor, producer, 1915-1998 "You are never too old to reinvent yourself."- Steve Harvey, American comedian, businessman, entertainer, b. 1957 "It is never too late to be what you might have been."- George Eliot, (Mary Ann Evens), English novelist, poet, journalist, translator, a leading writer...Read More
By: Ira EpsteinGold weekly swingline in bullish posture. Upside bias. $1491 area 18-week moving average at end of last week, support. Weekly gold chart over Bollinger band:Read More
The company said yesterday it understood the government had made a decision to "unilaterally terminate the concession agreement" for the Ilovica 6 concession.Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessJANUARY 2020"The wind now appears to be at gold's back after six years of slogging." - David Hay, Evergreen GavekalSanta Claus rally in gold and silver crowns a very good yearBy: Michael J. Kosares, USA GoldIt was a very good year for precious metals. Gold posted a nearl...Read More
Clive MaundIn this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian General and its potential implications for the gold price.On the latest 10-year chart we can see that gold is making a 2nd attack on the key m...Read More
"The best is yet to come."- Frank Sinatra, American singer, actor, producer, 1915-1998 "You are never too old to reinvent yourself."- Steve Harvey, American comedian, businessman, entertainer, b. 1957 "It is never too late to be what you might have been."- George Eliot, (Mary Ann Evens), English novelist, poet, journalist, translator, a leading writer...Read More
By: Ira EpsteinGold weekly swingline in bullish posture. Upside bias. $1491 area 18-week moving average at end of last week, support. Weekly gold chart over Bollinger band:Read More
Crisis DelayedCircling the DrainTax and SpendGet ReadyWriting, SIC Planning, and More WritingWelcome to the 2020s. Some weren't sure we would make it this far, but we did. Now we face a new decade and new challenges. How we handle them will determine what kind of conversation we have in 2030.This concern for the future is one of the things that separates humans from animals. Dogs don't worry abo...Read More
Clive MaundIn this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian General and its potential implications for the gold price.On the latest 10-year chart we can see that gold is making a 2nd attack on the key m...Read More
"The best is yet to come."- Frank Sinatra, American singer, actor, producer, 1915-1998 "You are never too old to reinvent yourself."- Steve Harvey, American comedian, businessman, entertainer, b. 1957 "It is never too late to be what you might have been."- George Eliot, (Mary Ann Evens), English novelist, poet, journalist, translator, a leading writer...Read More
By: Ira EpsteinGold weekly swingline in bullish posture. Upside bias. $1491 area 18-week moving average at end of last week, support. Weekly gold chart over Bollinger band:Read More
When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of “beliefs” as to what the metals are doing and will be doing.Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various forms of analysis. Of late, we are seeing so many become fearful of the metals market...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessJANUARY 2020"The wind now appears to be at gold's back after six years of slogging." - David Hay, Evergreen GavekalSanta Claus rally in gold and silver crowns a very good yearBy: Michael J. Kosares, USA GoldIt was a very good year for precious metals. Gold posted a nearl...Read More
Clive MaundIn this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian General and its potential implications for the gold price.On the latest 10-year chart we can see that gold is making a 2nd attack on the key m...Read More
"The best is yet to come."- Frank Sinatra, American singer, actor, producer, 1915-1998 "You are never too old to reinvent yourself."- Steve Harvey, American comedian, businessman, entertainer, b. 1957 "It is never too late to be what you might have been."- George Eliot, (Mary Ann Evens), English novelist, poet, journalist, translator, a leading writer...Read More