Albert Camus opened his book The Stranger by writing:My mother died today. Or maybe yesterday, I don't know. I received a telegram from the old people's home: "Mother deceased. Funeral tomorrow. Very sincerely yours." That doesn't mean anything. It might have been yesterday.Camus was a Frenchmen with an absurdist philosophy that's akin to existentialism. The Stranger was first published in Nazi-oc...Read More
By Clint SiegnerThe Federal Reserve has printed trillions of dollars without generating runaway price inflation through the use of a neat trick.The privately owned bank cartel shovels the bulk of the money to Wall Street banks and not to the public at large. Instead of millions of Americans rushing out to bid up prices on consumer goods, a relative handful of bankers is using the free money to b...Read More
By Avi Gilburt, ElliottWaveTrader.net"You cannot fight the Fed."The general market reliance on the Fed is not only what is driving many investor's decisions of late, but it will likely reach its peak in the coming years. But, one is going to have be very careful before they buy into this fallacy too deeply.I am told over and over again that one cannot fight the Fed. Unfortunately, history does...Read More
Dear Friend of GATA and Gold:In an essay posted today at FX Empire, "Gold Market Manipulation and the Federal Reserve," financial planner Kelsey Williams both admits and dismisses complaints of manipulation of the gold market.Williams doesn't identify the people he purports to be rebutting, but his characterization of them doesn't fit GATA, even though he seems to think it does."Some gold bulls,...Read More
Dave KranzlerI'd like to thank Jay Powell and his marvelous printing press. The equity side of my investment fund, which I manage, is 100% mining stocks - mostly juniors - and as of today it's up 100% QTD. Thank you Jay. Almost every stock we hold is from the ideas I present in my Mining Stock Journal.But I'm here to discuss the "idiot stocks." I've decided to label stocks like SHOP, W, TS...Read More
By: Ira EpsteinGold at a battle area and here are the key levels to watch:Read More
New gold investors or for a new long position in gold, one should wait till tomorrow. It is better to buy or go long if gold trades over $1800. I am repeating my trading ideology "It is better to wait and trade" THAN "trade and wait". Buy just before a technical breakout with a trailing stop loss or sell just before a technical breakdown with trailing stop losses. Never worry if you made an inve...Read More
Recent drill results and project model changes, leading to an increased target price on Troilus Gold, are outlined in a Canaccord Genuity report. In an April 24 research note, analyst Tom Gallo reported that after updating its gold price forecast, Canaccord Genuity increased its target price on Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) to CA$1.70 per share from CA$1.20. Troilus stock is now price...Read More
Defense Metals' resource update encompasses 49% more tonnage than the initial report. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release it filed the technical report for an updated mineral resource on its Wicheeda rare earth elements (REEs) project in British Columbia.Now, the resource consists of 4,890,000 tons (4.89 Mt) averaging 3.02% light rare earth oxide (L...Read More
Bob Moriarty of 321gold discusses the latest developments in Japan with this company. In February when I was writing about Irving Resources Inc. (IRV:CSE; IRVRF:OTCBB) I put in some pictures of rocks from Irving that Quinton sent me. I polished them and had a jeweler friend make buckles out of them.I did the polishing. Maurice put up the gold. I am way too cheap to be buying gold buckles for him....Read More
Peter Epstein of Epstein Research digs into recent news from Portofino Resources, which now has prospects on four gold properties in Canada and two lithium brine assets in Argentina. Note: Au = Gold, Ag = Silver, Cu = Copper, Zn = Zinc, Cu Eq. = Copper Equivalent at spot pricesIt has been a busy six weeks for Portofino Resources Inc. (POR:TSX.V; POT:FSE). Six press releases have been issued. I w...Read More
IMF predicts deeper global recession and slower recovery, just as Iexpected. Good news for gold. The June edition of the IMF’s WorldEconomic Outlook Report Update is out! The main message is that theIMF predicts now even a deeper recession than two months ago.As a reminder, in April edition of the WorldEconomic Outlook Report, theIMF projected that the global economy would contract sharply b...Read More
Silver is still near all-time lows in manyways. One of the most significant measures wherein silver is at an all-timelow, is its price relative to the amount of US dollars (US monetary base) inexistence.Below, is a long-term chart of the silverprice relative to the US monetary base: As you can see it is at all-time lows(0.004), but actually even lower, since this chart was done before the massivea...Read More
By Clint SiegnerThe Federal Reserve has printed trillions of dollars without generating runaway price inflation through the use of a neat trick.The privately owned bank cartel shovels the bulk of the money to Wall Street banks and not to the public at large. Instead of millions of Americans rushing out to bid up prices on consumer goods, a relative handful of bankers is using the free money to b...Read More
By Avi Gilburt, ElliottWaveTrader.net"You cannot fight the Fed."The general market reliance on the Fed is not only what is driving many investor's decisions of late, but it will likely reach its peak in the coming years. But, one is going to have be very careful before they buy into this fallacy too deeply.I am told over and over again that one cannot fight the Fed. Unfortunately, history does...Read More
Dear Friend of GATA and Gold:In an essay posted today at FX Empire, "Gold Market Manipulation and the Federal Reserve," financial planner Kelsey Williams both admits and dismisses complaints of manipulation of the gold market.Williams doesn't identify the people he purports to be rebutting, but his characterization of them doesn't fit GATA, even though he seems to think it does."Some gold bulls,...Read More
Dave KranzlerI'd like to thank Jay Powell and his marvelous printing press. The equity side of my investment fund, which I manage, is 100% mining stocks - mostly juniors - and as of today it's up 100% QTD. Thank you Jay. Almost every stock we hold is from the ideas I present in my Mining Stock Journal.But I'm here to discuss the "idiot stocks." I've decided to label stocks like SHOP, W, TS...Read More
By: Ira EpsteinGold at a battle area and here are the key levels to watch:Read More
"The weight of all this delivery demand may eventually lead to a force majeure-style failure, but that's very likely not coming this month or next." by Craig Hemke via Sprott Money NewsJune 30, 2020Demand for physical delivery through the COMEX futures market continues, and this has significant implications for the future of the current fractional reserve and digital derivative pricing scheme.It'...Read More
There is a crude but important correlation between silver and the stock market, and the message shown in this chart is clear...by Clive Maund of Streetwise ReportsMuch of what is written in yesterday's parallel Gold Market update is equally applicable to silver, and it will not be repeated here.Although silver has picked up significantly since its March low it has greatly underperformed gold over...Read More