Strengths? The best performing metal this week was gold, up 2.78 percent. ETFs added 36,334 troy ounces of gold to their holdings on Thursday, bringing this year's net purchases to 12.2 million ounces, according to Bloomberg data. That marks the 24th straight day of increases for ETFs backed by the yellow metal. Newmont, the world's largest gold company, increased its quarterly d...Read More
No one anticipated negative crude oil even in the wildest of the dreams. A whooping negative -$40.32 was historic. The coming generations will have a chapter in their MBA course as to why crude oil prices reached -$40.32. The trading lesson is simple, when price move as per fundamentals, never trade against it. Silver has not risen as it is an industrial metal. Investment demand for silver lags...Read More
Nexus Gold announced the agreement for its newly acquired asset. In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it entered an agreement to option its Dorset gold project in Newfoundland to Leocor Ventures for $2.75 million in cash and expenditures.Per the definitive agreement, Leocor, a Vancouver-based minerals explorer, will be able to acquire up to a 100% interest in Nex...Read More
Pretium Resources reported that it filed an updated technical report for its Brucejack Mine and stated that it will announce Q1/20 earnings on April 30, 2020. Pretium's Brucejack MineIn a news release, Vancouver-based intermediate gold producer Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced that it has submitted an updated Mineral Reserve and Mineral Resource and Life of Mine Plan for the B...Read More
The Critical Investor discusses recent developments at the company that is exploring the Goliath Gold Project in Ontario. Treasury MetalsLike most projects around the world, Treasury Metals Inc. (TML:TSX; TSRMF:OTCBB) is temporarily slowing down and shutting down drilling at its Goliath Gold project in Ontario, caused by the omnipresent COVID-19 pandemic, but as it has been completing over half o...Read More
Though sector expert Michael Ballanger's focus is on the precious metals, given current market conditions he sees potential in oil as well. Before I get started on my weekly commentary, I want to thank you all for the waterfall of responses to A Boomer's Plea posted last weekend, in what I must confess was my most impassioned missive of a multi-decade writing career. Speaking out as a member of...Read More
There are as many ways to play the PM sector as there are investors. Some will only buy the big cap PM stocks for safety. Others will only buy the mid cap producers. Some will only buy a mix of big caps and mid cap producers. And then there are the PM stock investors that will only play the juniors. Each has its own advantage depending on your risk tolerance. Some of you are wondering why is Rambu...Read More
Chris Vermeulen, CEO & Founder of Technical Traders Ltd., joins Tom Bodrovics at Palisade Radio to discuss the markets and Chris says, “This is the time to really be paying attention to the markets… It could be a bloodbath.”Chris is seeing uncertainty that could bring equities lower as money is flowing into safe havens. The charts are showing that markets are approaching a m...Read More
Gold stocks are the crazy ride in the markets. The swing are so great it does not matter if you miss a bullish the break out as another deep pull back allows you to enter with ease. The good news is the (!XAU) PHLX Gold/Silver Index (in the chart below) is very friendly to price cycles. These cycles can be used for timing markets, it also makes it clear if you fight the price cycle you may be in l...Read More
Well boys and girls The Straits of HELL have just been breached, JUMPED with a GAP, which leaves us with one of the LARGEST Island Bottoms of all times, IF not the largest.To me that signifies that whomever they are, Monetary or Governmental Authorities, Et Al, have lost control.and that Precious Metals will do as they need to, based on the leadtime of the GDX.Good Luck All, BREAK A LEG !! The G...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12April 27, 2020 The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future...Read More
COLORADO SPRINGS, CO, April 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of one-third of a cent per common share for April 2020 payable on May 26, 2020 to shareholders of record as of May 11, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with oper...Read More
Physical gold continued to catch a bid last week, trading above $1,760 an ounce, on a host of head-spinning economic news, from millions more Americans filing jobless claims to record money-printing to negative oil prices. The national average price for a gallon of gasoline fell further to $1.78 on Friday, down more than $1 a gallon from a year ago. But the lowest price in the country may belong...Read More
Strengths? The best performing metal this week was gold, up 2.78 percent. ETFs added 36,334 troy ounces of gold to their holdings on Thursday, bringing this year's net purchases to 12.2 million ounces, according to Bloomberg data. That marks the 24th straight day of increases for ETFs backed by the yellow metal. Newmont, the world's largest gold company, increased its quarterly d...Read More
No one anticipated negative crude oil even in the wildest of the dreams. A whooping negative -$40.32 was historic. The coming generations will have a chapter in their MBA course as to why crude oil prices reached -$40.32. The trading lesson is simple, when price move as per fundamentals, never trade against it. Silver has not risen as it is an industrial metal. Investment demand for silver lags...Read More
How can anyone have a profit or loss in silver if there is no price to post?submitted by J. Johnson via JS MinesetGreat and Wonderful Monday Folks, Gold is recovering from a British hangover but only after a high of $1,745.80 was reached with the London low at $1,728.80 with the "now" price at $1,734.40, down $1.20. Silver is still trading in the positive, even after hitting the side of...Read More
RAPAPORT... Sales of rough from Lucapa Diamond Company's Lulo mine fell in the first quarter as the average price dropped amid a weak market.Revenue slid 36% year on year to $7.8 million, the company said Monday. Although sales volume surged to 2,818 carats compared with 451 carats the previous year, the average price plummeted 90% to $2,758 per carat. That was partly due to an unfavorable co...Read More
RAPAPORT... US imports of polished diamonds slid 26% to $2.43 billion in the first two months of 2020, even before the coronavirus had started to have a major impact on the economy. February imports fell 12% to $1.28 billion. The country has seen a continued slowdown in trading: Every month since August 2019 has recorded polished imports of below $1.5 billion (see graph below).US Trade Data f...Read More
RAPAPORT... The diamond industry will need to tweak its messaging to emphasize the values its product and brands represent, De Beers executives stressed in the Rapaport Diamond Podcast. Rapaport Senior Analyst Avi Krawitz spoke with Stephen Lussier, executive vice president, consumer and brands, at De Beers, and David Prager, the company's executive vice president of corporate affairs, about the i...Read More
(IDEX Online) - Christie's sold over $1.3m of jewelry at its latest online auction, with no sign of bidding being dampened by coronavirus.The auction house said the number of unique visitors online had nearly doubled, compared with a similar sale a year ago, and almost 40 per cent of sales were to new customers. Four fifths lots sold above their high estimates.The 12-day sale attracted bidder...Read More