Thedebt-to-GDP ratio is an important metric economists use for comparing acountry’s total debt to its gross domestic product (GDP). The percentagearrived at by dividing the country’s total GDP by its total debt indicates thecountry’s ability to pay back its loans. The higher the percentage, the higherthe risk of a country being unable to pay the interest on its debt, andtherefore...Read More
With his portfolio "solidly anchored" in silver and gold, sector expert Michael Ballanger opines on how bankers and politicians can manipulate markets.As a child, I used to get quite excited at the prospect of having my English "Gran" read me the Hans Christian Andersen book "The Emperor's New Clothes." I found the tale fiendishly amusing, as the charlatan tailor uses lethal doses of fla...Read More
Our researchers have been following Natural Gas for many months and believe the current price level, near $1.65, is acting as a continued historical support level (a floor in price). Our researchers also used one of our data mining tools to attempt to identify if any opportunity exists in NG over the next 30 to 60+ days for skilled traders. The purpose of this data mining tool is to ex...Read More
London Bullion Market Association (LBMA) officials have loudlyproclaimed there are plenty of gold bars in LBMA and COMEX vaults tomeet surging demand from buyers. Unfortunately for them, confidence is particularly fragile thesedays and cracks are starting to appear. Which is why anxious officials there issued not one, but twomemos last week in an attempt to reassure traders.It&rsquo...Read More
The yellow metal and its fiat nemesis. Gold and thedollar certainly move not in a random relation to each other. The strength anddirection of one taking the cue from the other changes over time, but what doesit tell us about the present moment?The key point with regard to the US currency is that it appears to have alreadyended its pullback and is now ready to soar well above its previous 2020 high...Read More
For years, many Gold Bugs (investors who’ve been advocatingbuying Gold and Silver at low prices as a hedge against future global economicrisks) were shunned as conspiracy theorists and nuts. How could these peoplebelieve Gold and Silver were solid investments when the Global equities marketswere rallying 5% a year consistently – what could go wrong?Over the past two weeks, I have perso...Read More
The coronavirus wasn't the cause of oil's 70% collapse. This was Let's start by establishing that the stock market is not driven by the news. Aggregate stock prices are driven by waves of optimism and pessimism -- which go from one extreme to another -- as reflected by the Elliott wave model. That's what makes the stock market predictable.Hence, Elliott wave analysis is at the core of EWI's stock...Read More
A surge in coronavirus cases, an expansion ofeconomic lockdowns, and an explosion in unemployment claims hit markets thisweek. But this deluge of bad news didn’tseem to catch investors by surprise. Instead of crashing to new lows, the stock marketheld within a trading range and rallied yesterday following the release of ahorrific jobs report. It’s been a huge week for commo...Read More
Gold miners’ stocks haveendured epic volatility in this past month, literally crashing before blasting backhigher in a violent V-bounce. That precedingwicked capitulation flush savagely forced the weak hands out, paving the wayfor gold stocks’ next major upleg. The resultingfierce rebound signals it is already underway, with plenty of speculators andinvestors now chasing th...Read More
This week, the US scored a sad record. The number of deaths related to the coronavirus in the US surpassed the death toll in China. What does it imply for the US economy and the gold market?US Epidemiological Situation Is GrimJust as people were overly optimistic before the stock market top, they can be too pessimistic right now. This is a real risk and we take it into account. However, the incomi...Read More
Item: March 16, 2020. A hugepoly-metallic (gold, silver, copper) mining operation in Mongolia "has suspendedoperations" after authorities "restricted the movement of goods andpeople within the country." Item: March 17. In Peru, one of the world's largestprimary silver-gold producers has its 4 mines "temporarily suspended"following the Government's Declared S...Read More
Technical analyst Clive Maund charts silver and explains why he is bearish in the short to medium term.Whichever way you cut it, silver's chart looks bearish for the short to medium term, but against this we must set its rapidly improving COT structure and the mega-bullish silver to gold ratio (by all past standards). Silver's 7-month chart is a rather grim picture. On it we see that key support f...Read More
On Thursday, the initial jobless claims rocketed to almost 3.3 million. Quite an unimaginable number. What does it imply for the US economy and the gold market?One of the Most Scariest Things You Will See This WeekWould you like to see something scary? I guess not, but I'll show you anyway! But don’t worry: it will not be an microscope image of the coronavirus! Instead, I will present you a...Read More
MarkTwain said that history does not repeat itself, but it rhymes. It’s certainlytrue in both life and financial markets. Let’s explore how the recent historylessons apply to the precious metals.The2008 - Now LinkLet’s recount the similarities. We already had goldreversing on huge volume, and we saw it decline very strongly in the first weekafter the top. We already had another a...Read More
The historic action of the precious metals sector over the past few weeks has continued. The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown. Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. It is currently up $88/oz o...Read More
"#Vancouver doesn't get it! Looking to spike the curve on #covid19?Lots of people out walking/biking on the #seawall. Little social distancing. #closetheseawall #stayathome@cbcnewsbc @DailyHiveVan @ParkBoard @CityofVancouver @GlobalBC @adriandix"Read full newsRead More
On a global scale, work is grinding to a halt and mines are being placed on temporary care and maintenance.Read full newsRead More
Forget gold coins. These companies are better opportunities for gold-hungry investors.Read full newsRead More
"Read full newsRead More
Yanomami community. (Image courtesy of the Socioenvironmental Working Group of the Wataniba Amazon) Five NGOs that work for Indigenous rights in Venezuela issued a statement asking authorities to take immediate action against illegal miners operating in the Venezuelan and Brazilian Amazon, as they are likely to spread covid-19 in the region.Endorsed by the organizations Orpia, Oipus, Kuyunu, Omid...Read More