Last September, I’d discussed why the spot price of gold could hit $2,000 in 2020. At the time, I’d pointed to economic and geopolitical factors that were bullish for the yellow metal. Gold looked good coming into this year, but no one could have predicted the incredible events that have shaken the world in 2020. Are fears of a second market crash and a global recession pushing gold to...Read More
Hammerdown project. Image from Maritime Resources. Infill drilling at Maritime Resources' Hammerdown gold project in Newfoundland and Labrador has intersected high gold and silver grades within the footprint of the Hammerdown open pit outlined in this year's preliminary economic assessment (PEA).Drill highlights include 2.5 metres of 22.66 g/t gold and 24.86 g/t silver starting at 39.5 metres,...Read More
The price of gold just topped US$1,900 and is on track to carve out a new record high. Bitcoin, meanwhile, has doubled off the March low.Momentum investors want to know if gold or the digital currency is the better way to go today. Let’s take a look at the current situation to see why this might be a good time to get out of Bitcoin and shift funds to gold stocks.Gold vs. BitcoinIn 2017, Bitc...Read More
One of the hottest assets the last week has been silver, and it appears that there’s no slowing down. Silver stocks have followed suit of many gold stocks, up to 52-week highs just in the last week.Since the start of the coronavirus pandemic, it’s been clear that precious metals would be an excellent investment. Not only would investors be seeking a safe haven, but with so much monetar...Read More
Hovermap scanner Credit: Emesent Emesent, a global technology company, and Deswik, a software developer, have signed a memorandum of understanding to integrate their respective solutions to provide a more comprehensive mine data capture and analysis offering.The two companies would work together to allow mining companies to incorporate high-quality data captured in inaccessible locations into th...Read More
The pandemic has hit many companies. Several companies trading on the TSX are expected to report a decline in revenue and profit for 2020. We see a lot of volatility in the stock market due to uncertainty about earnings. But there are a few companies that are expected to remain profitable throughout the pandemic.Here are two quality, profitable stocks that can act as a defence against market volat...Read More
Bathopele mine in South Africa (Image: Anglo American Platinum) Anglo American Platinum (Amplats) posted a 7% fall in half-year profit on lower output due to shutdowns caused by covid-19.The company reported headline earnings per share of 26.27 rand, compared to 28.15 rand in H1 2019.Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 6% to 13.1 billion rand ($800 millio...Read More
Golden Bull Mountain Ridge Park. Photo by Anna Frodesiak, Wikimedia Commons. As the gold price breaks through $1,900 per oz., Refinitiv has released its review of the gold sector in the second quarter, providing insight into where the demand is coming from - and where it's actually falling.The review shows that as uncertainty around the covid-19 pandemic has boosted investor demand for gold in so...Read More
The main pit at Golden Star Resources' Wassa gold mine in southwestern Ghana's Ashanti gold belt. Credit: Golden Star Resources. Golden Star Resources has announced it will sell its 90% stake in the Bogoso-Prestea gold mine in southwestern Ghana to Future Global Resources for $55 million and contingent payments of up to another $40 million.The mine is about 40 km from Golden Star's Wassa gold...Read More
Bob Moriarty ArchivesJul 27, 2020I put outa short update on a few favorite companies on my site on Friday. That turned out to be excellent timing as Lion One released assay results on Friday as well. The numbers were off the chart.Hole TUDDH500 reported 12.7 meters of 46.14 g/t gold. In the text above the numbers it shows 7 meters but if you look at the interval it indicates 12.7 meters. That seem...Read More
Strap in. Things are about to get wild for gold.The price of gold opened this morning, smashing through all-time price records, topping over $1,940 an ounce.Source: Barchart.comBut the party is just getting started.And on Wednesday at 2 p.m., gold may face its biggest moment in four decades.Gold's Crisis MomentGold is facing a crisis moment. And I mean that in the most literal way possible.Most of...Read More
Mark O'Byrne, GoldCore? + Gold prices have surged through the all time record nominal high of $1,915/oz in 2011 to over $1,942/oz today due to concerns about the outlook for stocks, bonds and other assets amid a very vulnerable U.S. and global economy.? + Gold has surged to new record highs in all major currencies today including new record highs in British pounds at ?1,514/oz and in euros at EU...Read More
By: Gary SavageThis phase usually will last 5-10 days. Key USDX technicals:https://blog.smartmoneytrackerpremium.com/Read More
By: Robert LambourneThe gold swaps and derivatives position of the Bank for International Settlements, which reached a three-year high in May, fell slightly in June, according to the bank's statement of accounts for the month:https://www.bis.org/banking/balsheet/statofacc200630.pdfThe BIS, which acts as a broker for many central banks, is estimated to have reduced its position in gold swaps and...Read More
Rambus/PlungerDuring the bull market years between 2000 and 2011 the US dollar and currencies played a key role in the PM complex bull market. Tonight I would like to go back and visit some of these old charts and see how they pertain to our current bull market.Lets start with a simple GOLD:USD ratio chart that goes back to the 2011 all time high in gold. The bottom for the ratio came in toward...Read More
If Trump wins in November, it is foreseeable that his many enemies will ratchet up their hatred for him to even more destructive extremes. A bloody civil war would become likely, escalating an already violent cultural battle to a new threshold. How this might impact our schools, workplaces and neighborhoods is unpredictable even if the tactical outcome is not. The red states, wide-open spaces wh...Read More
Assays from Lion One Metals' hole TUDDH500 encountered two high-grade intervals. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that diamond drill hole TUDDH500 intersected high-grade feeder-style mineralization at its Tuvatu gold project on Fiji."Notably, textures of gold suggest rapid deposition from what was possibly a gold-saturated mineral-forming fluid," Dr. Quint...Read More
Given current market conditions, sector expert Michael Ballanger makes his argument for investment in junior gold developers such as Getchell Gold. Reading the hundreds upon hundreds of newsletter writers, bloggers, armchair analysts and professional money managers this past week skipping merrily down the road of self-aggrandizement, large meaty hands issuing congratulatory thumps squarely on the...Read More
The move we saw in Silver early this week to new 6-year high price levels, above $22.60, is quite likely the biggest upside move in Silver since the bottom in March 2020 – after the US stock market collapsed because of the COVID-19 virus event. This new rally in Silver is likely the move we’ve been suggesting to our followers relating to a series of measured upside price moves totaling...Read More