We recently talked with Trent Mell, President and CEO of First Cobalt (TSX.V: FCC, OTCQX: FTSSF). First Cobalt is positioned to have its Refinery producing Cobalt as early as Q4 2020.First Cobalt has partnered with Glencore and they have been working on a feasibility study that will be released in a few weeks. The Company has the only permitted cobalt refinery in North America capable of producing...Read More
It's clear now the coronavirus will leave many permanent effects on society and be remembered for generations.Like 9/11 or the financial crisis of 2008, we will tell future generations about a time before coronavirus ("B.C.") and compare it to the new social order.Many have already begun speculating about what a post-lockdown world will look like. Speaking on a Wall Street Journal podcast, the Dir...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort279,88030,93829,821118,885394,496428,586455,255Change from Prior Reporting Period -7,6492,258-2,523-9,198-17,546-19,370-17,811Traders19259695553276154 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,46424,795480,050 3,7682,209-15,602 non reportable positionsChange...Read More
Gold investment demand is soaring in the wake of the COVID-19 stock panic! Investors are rushing back into gold to diversify after seeing mind-boggling central-bank money printing and government spending. Since that epic monetary inflation won't be unwound, and investors were radically underinvested in gold before the panic, this trend is likely to persist for years. It will catapult gold...Read More
By Gary Tanashian[edit] It goes without saying that gold miners and the royalty companies that live off them will be shown to have been impaired like many other companies by the coming Q2 numbers due to shutdowns. An emailer questioned my view on this and it has been one of my personal caution points. Markets should be looking ahead, but during this euphoric sentiment release across broad market...Read More
By David HaggithToday the bulls did it again. This market remains deeply entrenched in denial, soaring even as unemployment soars higher toward the grand summits of the Great Depression and with certain knowledge that many jobs will not return.The U.S. stock market secured another strong advance on Thursday, despite an economic bombshell of historic proportions. The Dow Jones Industrial Average...Read More
By Mike GleasonWild price action and unprecedented interventions once again characterized this holiday-shortened trading week.Oil prices whipsawed lower Thursday on concerns about expected oil production cuts from Russia and Saudi Arabia. But the general trend for most other assets, including metals and equities, was up - way up.Stocks finished out the week with the major averages posting their...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort279,88030,93829,821118,885394,496428,586455,255Change from Prior Reporting Period -7,6492,258-2,523-9,198-17,546-19,370-17,811Traders19259695553276154 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,46424,795480,050 3,7682,209-15,602 non reportable positionsChange...Read More
Gold has been misunderstood and ignored by retail investors, financial advisors and pension managers as a critical portfolio asset during normal market conditions. However, during periods of market stress, such as we are experiencing now, gold becomes a safe haven asset that will mitigate losses in the portfolio. For a number of years, many experts have been warning about overinflated market...Read More
Back at the 2008 crash low in the HUI there was a reversal pattern, that is pretty rare, which helped confirm that very important low. If you ever wondered what the 2007 – 2008 top looked like and the decline that followed to the 2008 crash low this daily chart for the HUI paints the Chartology I posted at the tent, in real time, as the impulse move to the downside took place.The 2007 &ndash...Read More
From Wikipedia: “In English, the phrase fly in the ointment is an idiomatic expression for a drawback, especially one that was not at first apparent, e.g. We had a cookstove, beans, and plates; the fly in the ointment was the lack of a can opener.” For four centuries, ‘a fly in the ointment’ has meant a small defect that spoils something valuable or...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort279,88030,93829,821118,885394,496428,586455,255Change from Prior Reporting Period -7,6492,258-2,523-9,198-17,546-19,370-17,811Traders19259695553276154 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,46424,795480,050 3,7682,209-15,602 non reportable positionsChange...Read More
Gold investment demand is soaring in the wake of the COVID-19 stock panic! Investors are rushing back into gold to diversify after seeing mind-boggling central-bank money printing and government spending. Since that epic monetary inflation won't be unwound, and investors were radically underinvested in gold before the panic, this trend is likely to persist for years. It will catapult gold...Read More
By Gary Tanashian[edit] It goes without saying that gold miners and the royalty companies that live off them will be shown to have been impaired like many other companies by the coming Q2 numbers due to shutdowns. An emailer questioned my view on this and it has been one of my personal caution points. Markets should be looking ahead, but during this euphoric sentiment release across broad market...Read More
By David HaggithToday the bulls did it again. This market remains deeply entrenched in denial, soaring even as unemployment soars higher toward the grand summits of the Great Depression and with certain knowledge that many jobs will not return.The U.S. stock market secured another strong advance on Thursday, despite an economic bombshell of historic proportions. The Dow Jones Industrial Average...Read More
By Mike GleasonWild price action and unprecedented interventions once again characterized this holiday-shortened trading week.Oil prices whipsawed lower Thursday on concerns about expected oil production cuts from Russia and Saudi Arabia. But the general trend for most other assets, including metals and equities, was up - way up.Stocks finished out the week with the major averages posting their...Read More
South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.Market participants were generally in the dark regarding feasible prices, as buyer interest had vanished. As with May-shipment volumes, sources said imports for June shipments could also be at least half the usual orders...Read More
The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drastic measures to adapt to the new market environment.Airbus, Europe's largest airline manufacturer, has announced that will cut production of its core three aircraft models by 30%.Boeing has also suspended operations indefinitely at its United States operations in t...Read More