By: Ira EpsteinGold is thrusting higher and now looking at prior highs, watch these key resistance and breakout levels. Read More
1...The Gold and Silver mining and exploration stocks are among the most undervalued of all the investment sectors... the mining and exploration stocks have been and will be the focus for the next several years.. ..............2...Know well that if after our analysis we choose to invest in for example forty precious metals companies even after in-depth analysis, generally at least half fail. Howev...Read More
Peter Epstein of Epstein Research explains why he is watching this explorer. Given the widespread COVID-19 induced downturn, I struggled with the outlook for copper. I feared that like stock markets in March, the copper price might collapse. That didn't happen. Either due to producer discipline or governments halting operations, a fair amount of world supply has been curtailed indefinitely.It may...Read More
The precious metals market did almost nothingyesterday, and consequently we have relatively little to comment on today.There are two subtly bearish signs that we would like to feature, nonetheless.The first subtly bearish sign is the change in theway the USD Index “topped” this month. In early April, and then in late April,the USDX reversed close to the 101 level and then moved lower i...Read More
Technical expert Clive Maund explains why he believes gold and silver are powering up for a stratospheric advance.The deflation and depression is right here, right now, and if you don't believe that, try asking some of the 30 million people who just lost their jobs in the U.S., or those who (used to) work in the catering and tourism industries.The Federal Reserve is reacting to this situation by w...Read More
By Mike GleasonGold and silver markets are inching closer to achieving major upside breakouts.On Thursday, gold rallied above a near-term consolidation pattern to close at $1,747 an ounce. That put the monetary metal about $30 away from making new highs for the year. As of this Friday recording, gold prices are marching higher again and come in at $1,761, up 2.5% for the week.Turning to silver,...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 277,77134,94335,158126,023404,556438,952474,657 Change from Prior Reporting Period 2,2009,376-4,8525,9782,8753,3267,399 Traders 20445825556290158 Small Speculators LongShortOpen Interest 57,78722,082496,739 3,070-1,0036,396 non reportable positionsChange...Read More
By Gary TanashianSo here we are, with the sector leading the recovery out of the March crash during still-deflationary times. Inflation? It is not yet anywhere to be found, and that probably has a lot of inflation-centric would-be gold boosters on the sidelines. Someday, when these ladies are in full cheer with inflation signals rising, it will be time for caution.Meanwhile, for years we have st...Read More
No Place to Hide: How Market Manipulation in the Age of Pandemic is Destroying Traditional Safe HavensBy Neil VowlesUniversity of Sussex, Brighton, England, UKThursday, May 14, 2020http://www.sussex.ac.uk/broadcast/read/52005The coronavirus pandemic has created enormous volatility in global financial markets but prices of safe-haven assets such as gold and bitcoin are not surging as one might ex...Read More
The major gold miners' stocks have rallied dramatically out of mid-March's stock-panic lows, soaring to new bull-market highs. Their just-reported Q1'20 operational and financial results reveal whether today's higher gold-stock prices are fundamentally justified. They also illuminate whether this gold-stock upleg is likely to continue powering higher, despite the catastrophic economic damage...Read More
By Marin KatusaPresident Trump recently tweeted, "As long as other countries are receiving the benefit of Negative Rates, the USA should also accept the 'GIFT'. Big numbers!"Considering the President is a real estate marketing guru facing a ballooning national debt, it can't come as a surprise he'd be in favor of Negative Interest Rate Policy (NIRP).But are they really a gift?Negative rates are...Read More
By: Ira EpsteinGold is thrusting higher and now looking at prior highs, watch these key resistance and breakout levels. Read More
Engineering consulting and management practice Zimile Consulting Engineers intends to diversify into the mining sector and believes that it is equipped and skilled to deliver quality service, says Zimile Consulting Engineers COO Fergus Feltman.“Given the scale and nature of work that the company has done over the years for other sectors, Zimile Consulting Engineers seeks to offer value-addin...Read More
Asiamet said approval from the governor of Central Kalimantan was an important step towards securing the forestry borrow-to-use permit it needs from Jakarta.Asiamet's executive chairman, Tony Manini, said the governor's recommendation was "very timely and while the value of this work is often under-estimated, the receipt of key approvals and permits serves to significantly de-risk and add substant...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesRio Tinto owns a 33.5% indirect interest in Oyu Tolgoi through its 50.8% shareholding in Turquoise Hill, which holds 66% of the project in joint venture with the Mongolian government.Read More
Seven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesEditor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic fre...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesDrilling at the high-grade Hod Maden project in Turkey returned a spectacular hit of 85.3m at 84.3 grams per tonne gold and 6.8% copper from 19m (using a 2.Read More
Hopes that the global economic engine fires up on the first attempt may be asking a lot given second waves of Covid-19 infections emerging, and the fact global leaders are not pulling together is not helping underlying sentiment this morning, Friday May 15, with US President Donald Trump at loggerheads with China. On the economic front, data out of China supports our view that the supply side of t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 34 points in pre-opening trade. Index futures moved lower following release of economic news at 8:30 AM EDT. Consensus for April Retail Sales was a drop of 12.0% versus a decline of 8.4% in March. Actual was a drop of 16.4% Excluding auto sales, consensus for April Retail Sales was a drop of 8.6% versus a declin...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced that an ongoing expansion of the giant Oyu Tolgoi copper-gold-silver mine in Mongolia is expected to cost an additional US$1.8 billion.The Rio Tinto-controlled company and mine operator had expected the underground expansion to cost US$5.3 billion when it was approved in 2015. Last year, however, Turquoise Hill flagged stability risks associ...Read More