Kirkland Lake Gold (TSX:KL)(NYSE:KL) stock is on a tear. Since the summer of 2015, shares are up more than 2,000%, rising every single year despite volatile swings in underlying commodity prices.In the fourth quarter of 2018, Kirkland reported record production of 231,000 ounces, roughly 30% higher than its previous record of 180,000 ounces the quarter before. Full-year production also set recor...Read More
Bob Moriarty ArchivesJan 11, 2019I wrote about Nexus in early November saying they were soon to announce assay results. They are in and they are excellent. But of more importance, from a tactical point of view, the company gotapproval for a new concession named Dakouli 2 in early November. The 100% owned Dakouli 2 property is contiguous with their Niangouela project that reported drill results of...Read More
The Pretium Resources Brucejack Mine in northwestern British Columbia. Source: Pretium Resources Inc.Pretium Resources Inc. [PVG-TSX, NYSE] said Friday January 11 that it has retained an independent legal counsel to launch an investigation of unusual trading activity in its shares.Stock price charts show that Pretium shares have been in freefall in recent days, tumbling from $11.73 on January 8, 2...Read More
The processing plant for Endeavour Mining's Hound?(C) Mine in Burkina Faso, West Africa. Source: Endeavour Mining Corp.Endeavour Mining Corp. [EDV-TSX; EDVMF-OTCWX] said Friday January 11 that it has increased its ownership stake in the Ity Mine in Cote d'Ivoire, West Africa to 85% from 80% after striking a deal with one of the world's best known soccer players, Didier Drogba.In exchange for the a...Read More
Integra's DeLamar gold and silver project in southwestern Idaho. Source: Integra Resources Corp.Integra Resources Corp. [ITR-TSXV; IRRZF-OTCQB] has announced more results from recent drilling on its DeLamar gold and silver project in southwestern Idaho.Highlights included step out drill hole IDM18-59, which intersected 2.53 g/t gold equivalent (1.71 g/t gold and 69.03 g/t silver) over 109.73 metre...Read More
JANUARY 11, 2019What if I were to tell you that gold is within earshot of all-time highs. You'd call me crazy. But I'm not.Below is a chart which shows gold prices denominated in Canadian, Australian and U.S. dollars.You'll notice gold went on a tear in all currencies from 2000 to 2012. However, after that, gold priced in U.S. dollars has under-performed. Gold priced in Canadian and Australian d...Read More
By: Avi Gilburt, ElliottWaveTrader.net Over the last several weeks, I have seen those that were absolutely certain back in September and October that gold was going to drop below $1,000 now turn into major bulls in the metals complex. The silver rally especially has gotten the attention of many metal's traders, and has everyone now all bulled up for a major break out in the complex. It real...Read More
- Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years- 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely- Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020- Gold and silver likely to reach highs over $1,650 and $28 per ounce -...Read More
I put out a commentary Sunday night bearing this tongue-in-cheek headline: "No Chance This Rally Is the Real Deal, Right?" Of course, merely to pose the question is to suggest that it is at least possible the bull market still breathes. Look, I'm as skeptical as you are, a died-in-the-wool permabear who thinks the Dow will ultimately trade below 10,000. And I see the same ugly, seemingly uns...Read More
Federal Reserve chairman has assured investors that Federal Reserve will be patient raising interest rates going forward. US dollar is weaker across the globe but has not nosedived. Investors are cautious as $1300 and $1600 are yet to be broken. If US government shutdowns into next week too, then it is just a matter of time that gold and silver will break past key resistances of $1300 and $1600....Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Christopher R. Cole, CFA is the founder of Artemis Capital Management LP and the CIO of the Artemis Vega Fund LP. Mr. Cole's core focus is systematic, quantitative, and behavioral based trading of volatility and derivatives. His objective is to profit from turbulence in markets and regime shifts in volatility without the substantial negative bleed associated with traditional hedging products. His...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Links to slides and sources: https://www.itmtrading.com/blog/5-doo...When we talk about patterns, no discussion would be complete without examining the pattern of a "Doom Loop". In fact, there are five key "Doom Loops" seen during financial crisis's: The Intermediary, Sovereign, Collateral, Hedging and ultimately, the Real Economy Doom Loop. In any Ponzi scheme, confidence is key. What governments...Read More
This article was originally published on Sun Jan 6 for members of ElliottWaveTrader:Over the last several weeks, I have seen those that were absolutely certain back in September and October that gold was going to drop below $1,000 now turn into major bulls in the metals complex.The silver rally especially has gotten the attention of many metal’s traders, and has everyone now all bulled up fo...Read More
Gold miners' exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes the crown, besting its la...Read More
JANUARY 11, 2019What if I were to tell you that gold is within earshot of all-time highs. You'd call me crazy. But I'm not.Below is a chart which shows gold prices denominated in Canadian, Australian and U.S. dollars.You'll notice gold went on a tear in all currencies from 2000 to 2012. However, after that, gold priced in U.S. dollars has under-performed. Gold priced in Canadian and Australian d...Read More
By: Avi Gilburt, ElliottWaveTrader.net Over the last several weeks, I have seen those that were absolutely certain back in September and October that gold was going to drop below $1,000 now turn into major bulls in the metals complex. The silver rally especially has gotten the attention of many metal's traders, and has everyone now all bulled up for a major break out in the complex. It real...Read More
- Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years- 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely- Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020- Gold and silver likely to reach highs over $1,650 and $28 per ounce -...Read More
I put out a commentary Sunday night bearing this tongue-in-cheek headline: "No Chance This Rally Is the Real Deal, Right?" Of course, merely to pose the question is to suggest that it is at least possible the bull market still breathes. Look, I'm as skeptical as you are, a died-in-the-wool permabear who thinks the Dow will ultimately trade below 10,000. And I see the same ugly, seemingly uns...Read More