It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More
Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More
You may have heard that gold typically rallies seasonally from themiddle of the year. This trend is driven by jewelry demand, which increasesahead of the Christmas business, the Indian wedding season and the Chinese NewYear celebrations on the back of advance purchases by jewelers, which tend to putupward pressure on prices. But what about the seasonal trend in gold stocks? Since the earnings ofgo...Read More
Gold and silver markets advanced early thisweek, with silver leading the way. OnThursday, the metals sold off a bit as the U.S. dollar gained.The major trend for the dollar, however, isdown. The Dollar Index has been grinding lower since mid March, when it put ina spike high. Silver finally broke through $19 level with astrong close above it on Monday. Therehasn’t yet been...Read More
It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More
Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More
You may have heard that gold typically rallies seasonally from themiddle of the year. This trend is driven by jewelry demand, which increasesahead of the Christmas business, the Indian wedding season and the Chinese NewYear celebrations on the back of advance purchases by jewelers, which tend to putupward pressure on prices. But what about the seasonal trend in gold stocks? Since the earnings ofgo...Read More
Gold and silver markets advanced early thisweek, with silver leading the way. OnThursday, the metals sold off a bit as the U.S. dollar gained.The major trend for the dollar, however, isdown. The Dollar Index has been grinding lower since mid March, when it put ina spike high. Silver finally broke through $19 level with astrong close above it on Monday. Therehasn’t yet been...Read More
It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More
Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More
You may have heard that gold typically rallies seasonally from themiddle of the year. This trend is driven by jewelry demand, which increasesahead of the Christmas business, the Indian wedding season and the Chinese NewYear celebrations on the back of advance purchases by jewelers, which tend to putupward pressure on prices. But what about the seasonal trend in gold stocks? Since the earnings ofgo...Read More
Gold and silver markets advanced early thisweek, with silver leading the way. OnThursday, the metals sold off a bit as the U.S. dollar gained.The major trend for the dollar, however, isdown. The Dollar Index has been grinding lower since mid March, when it put ina spike high. Silver finally broke through $19 level with astrong close above it on Monday. Therehasn’t yet been...Read More
It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More
Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More
VANCOUVER, British Columbia, July20, 2020(GLOBE NEWSWIRE) -- Prime Mining Corp. (TSX.V: PRYM) (OTCQB: PRMNF) (Frankfurt: A2PRDW) ("Prime" or t...Read full newsRead More
By: Gary SavageGold traders were conditioned to trade through the churning phase. Gold is currently in the phase where those kicked out of the market, still are not sure what to do, they are still out -- and when they jump back in, we should have our intermediate cycle top:http://blog.smartmoneytrackerpremium.com/Read More
By: Gary SavageGold traders were conditioned to trade through the churning phase. Gold is currently in the phase where those kicked out of the market, still are not sure what to do, they are still out -- and when they jump back in, we should have our intermediate cycle top:http://blog.smartmoneytrackerpremium.com/Read More
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.Larry's stunning gold chart shows the price ascending the extreme right...Read More
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.Larry's stunning gold chart shows the price ascending the extreme right...Read More
Oilfield services firm BJ Services filed for Chapter 11 bankruptcy protection early on Monday, following a severe cut in demand and cash crunch due to the coronavirus pandemic.Read full newsRead More