By Richard (Rick) MillsAs the coronavirus pandemic continues to infect populations, though in some countries it is slowing, talk has shifted to re-opening economies, and to manufacturing a vaccine that drug companies hope will not only work, but can be distributed at large enough doses to provide immunity to a wide swath of the world's population. In their daily media briefings, health official...Read More
By: Gary SavageEquity markets are going to keep rallying, $ES / SP500 upside targets, see where our intermediate-top will be:Gary SavageRead More
By: Ira EpsteinYou need to take gold one step of a time. Gold $3,000 target.. Read More
A break of key technical resistances will result in another wave of rise in all metals and energies. Do not short crude oil. I expect crude oil prices to rise to $80 (nymex) next year once world gets over corona virus crisis. Crude oil producers and large speculators will more than make up for their current losses next year. Buy crude oil call options for August 2021 with a strike price of $70.0...Read More
No uptick required for short selling! It's total insanity..... Shorting with no uptick required...creating chaos and damaging marketsThis first paragraph is a letter we received from a professional investor and money manager for many decades. As follows:The question is and always has been are the stock markets primarily for the investing public or for the banks' and brokerage houses' pr...Read More
The recent economic reports show that the current coronavirus crisis will be bigger than the Great Recession. What does it imply for the gold market? US Economic Data Paints a Gloomy PictureThis week was full of new reports about the US economy. And guess what, I don’t have good news… First of all, let’s start with the update about the weekly initial unemployment benefits. In no...Read More
After a long term bear market in most commodity related stocks we are starting to hear analyst talk about inflation. From a Chartology perspective the deflationary scenario is still in play but how much lower can this sector go? In tonights Weekend Report, I’m going to update some long term commodity charts we’ve been following for years to see where they are currently trading in their...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort282,26332,69240,929116,808396,881440,000470,502Change from Prior Reporting Period -4,354-1,4247,591-31-3663,2065,801Traders19960705759287160 Small Speculators (C) GoldSeek.com LongShortOpen Interest 53,15822,656493,158 -13-2,6083,193 non reportable positionsChange from the pre...Read More
By Mike Gleason The metals complex showed relative stability this week as the oil market suffered a historic meltdown. West Texas Intermediate Crude crashed 70% at one point this week on the continuous contract, bringing prices briefly below $7 per barrel. By Thursday, prices were trading between $14 and $18 per barrel. The volatility on the May futures contract was even more extreme. On Monda...Read More
The gold miners' stocks surged to a major bull-market breakout this week! Powering decisively above their years-old secular resistance is a hugely-important technical event. It proves this gold-stock bull is alive and well, greatly improves sentiment, and puts this high-flying sector on countless more traders' radars. New bull highs fuel self-feeding bullish psychology, as speculators and...Read More
By Hubert Moolman 24 April 2020 After a more than 50-year bear market in gold stocks, things are coming together to create virtually perfect conditions for gold stocks. Gold prices are at (or near) all-time highs in most currencies, and will likely continue to rise over the coming years. Commodity prices are at lows and still falling. Deflationary pressures are enormous and will likely persis...Read More
By Richard (Rick) MillsAs the coronavirus pandemic continues to infect populations, though in some countries it is slowing, talk has shifted to re-opening economies, and to manufacturing a vaccine that drug companies hope will not only work, but can be distributed at large enough doses to provide immunity to a wide swath of the world's population. In their daily media briefings, health official...Read More
By: Gary SavageEquity markets are going to keep rallying, $ES / SP500 upside targets, see where our intermediate-top will be:Gary SavageRead More
By: Ira EpsteinYou need to take gold one step of a time. Gold $3,000 target.. Read More
A break of key technical resistances will result in another wave of rise in all metals and energies. Do not short crude oil. I expect crude oil prices to rise to $80 (nymex) next year once world gets over corona virus crisis. Crude oil producers and large speculators will more than make up for their current losses next year. Buy crude oil call options for August 2021 with a strike price of $70.0...Read More
4/24/20Gold MinersOn a technical note, GDX, GDXJ, and SIL (silver miners), put in a bearish "doji" yesterday on the daily charts. The "wick" that you can clearly see, most times indicates we've hit a temporary top in the larger gold and silver miners. I don't expect much of a pullback, but if you're looking to buy into producers that you missed much cheaper, you may get a slight discount from here...Read More
How many people can, can't, will or won't buy precious metals at this price and time?By Matt from Silver Fortune via Silver Fortune How many people can't or won't buy metals at this price and time?Read More
What are we to believe here?submitted by J. Johnson via JS MinesetGreat and Wonderful Friday Folks, Gold is doing it again, going higher 3 days in a row with June Gold at $1,757.80 up $12.60 and right close to the high at $1,760.20 with the low at $1,742.20. Silver, the red headed step child, is still being dragged along with the July contract at $15.625, up 9.9 cents with the high nearb...Read More
Times of crisis and chaos necessitate introspection, creativity and adaptation, and while the Covid-19 pandemic is a challenge that is unprecedented in recent human memory, it highlights how essential continual research, innovation and planning are for the sustainability of society.Challenging periods also tend to reveal or reaffirm people’s raison d’être, and for public– p...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSingapore-based commodities trader Aeturnum Energy agreed to take a 19.Read More