By: Ira EpsteinI was warning for an end of the quarter volatility as we finish out the first quarter. Can't wait for gold to get out of this pattern. This is where I am concerned..Read More
Reduction or normalization in gap between spot gold and Comex gold June futures is the prime reason for gold price to fall. Delivery uncertainties are over the immediate term. I expect physical gold to be in short supply this quarter. USA, UK and Europe are in a pathetic state of corona virus. India will soon become a largest home of corona virus, thanks to a Muslim congregation where hundreds o...Read More
Gold Terra Resource reports more drill results from its winter 2020 program. Gold Terra Core ShackIn a news release, Gold Terra Resource Corp. (YGT:TSX.V; TRXXF:OTC; TXO:FSE) announced that five holes recently drilled between the Sam Otto Main zone and its southern extension at the Yellowknife City project encountered gold mineralization.These holes, done as part of the winter 2020 drill program...Read More
Technical analyst Clive Maund discusses what he sees ahead for the markets. We are going to look at an array of important factors pointing to another severe drop in the broad U.S. stock market imminently, both factors external to it and indications on the charts for the S&P 500 index (and other indices which we won't have time to look at).First it is well worth watching another classic video from...Read More
On Thursday, the initial jobless claims rocketed to almost 3.3 million. Quite an unimaginable number. What does it imply for the US economy and the gold market?One of the Most Scariest Things You Will See This WeekWould you like to see something scary? I guess not, but I'll show you anyway! But don’t worry: it will not be an microscope image of the coronavirus! Instead, I will present you a...Read More
MarkTwain said that history does not repeat itself, but it rhymes. It’s certainlytrue in both life and financial markets. Let’s explore how the recent historylessons apply to the precious metals.The2008 - Now LinkLet’s recount the similarities. We already had goldreversing on huge volume, and we saw it decline very strongly in the first weekafter the top. We already had another a...Read More
The historic action of the precious metals sector over the past few weeks has continued. The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown. Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. It is currently up $88/oz o...Read More
This morning we are going to look at an array of important factors pointing to another severe drop in the broad US stockmarket imminently, both factors external to it and indications on the charts for the S&P500 index (and other indices which we won't have time to look at). First it is well worth watching another classic video from Greg Mannarino posted yesterday: WOW.. ZERO Economic Activity in...Read More
COLORADO SPRINGS, CO, April 01, 2020 (GLOBE NEWSWIRE) -- via NEWWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today that the Mexican Ministry of Health proclaimed a national health emergency with an immediate suspension order of all "non-essential" public and private sector business in order to mitigate the spread and transmission of the COVID-19 viru...Read More
By Daniel R. Amerman, CFAWhen it comes to the recession that is being created by the pandemic lockdowns - then the U.S. government and Federal Reserve have no intention of just letting the market forces play out. Instead, the intention is to contain a potential deeper round of crisis with the most extreme interventions yet. One very real possibility is for the Fed to follow the European Central...Read More
Craig Hemke, TF MetalsWith mines, mints, and refineries closed around the world due to coronavirus, the demand for physical gold has blown through the roof. This has led to some drastic measures by the CME Group, which in turn may have unwittingly sealed the fate of the COMEX and the entire fractional reserve and digital derivative pricing scheme.This latest crisis began last Tuesday, when the s...Read More
By: Gary SavageThere are one of two ways this can go here, retest the lows soon and then followed by a sustained rally. Will depend on how countries implement covid response.Unemployment report on Friday. Market might get nervous into report, but odds are better that we don't undercut prior lows if we even do go down. The other possibility is..Recorded March 31, 2020https://blog.smartmoneytracke...Read More
Stewart Thomson, Graceland Updates 1. Gold is majestically postured now, because America's government and central bank continues to borrow, spend, and print money with surreal intensity.2. The light at the end of the tunnel is a stagflationary freight train.3. Please click here now. Double-click to enlarge. A beautiful inverse H&S bull continuation pattern is in...Read More
By: Ira EpsteinI was warning for an end of the quarter volatility as we finish out the first quarter. Can't wait for gold to get out of this pattern. This is where I am concerned..Read More
Reduction or normalization in gap between spot gold and Comex gold June futures is the prime reason for gold price to fall. Delivery uncertainties are over the immediate term. I expect physical gold to be in short supply this quarter. USA, UK and Europe are in a pathetic state of corona virus. India will soon become a largest home of corona virus, thanks to a Muslim congregation where hundreds o...Read More
RAPAPORT... The coronavirus outbreak has threatened Lucara Diamond Corp.'s ability to hold tenders in Botswana, and had a heavy negative effect on rough prices, the company said Tuesday.The Botswana government has given Lucara permission to hold sales in Antwerp as a temporary measure, the miner noted. The country will enter a 28-day lockdown starting Thursday after recording its first three cases...Read More
RAPAPORT... Gem Diamonds garnered $12.1 million from the sale of rough diamonds through its new flexible tender process."The results of the initial round of the flexible tender sales process for a selection of Let??eng's large diamonds demonstrates the continued demand for these high-quality diamonds," Gem Diamonds CEO Clifford Elphick said Wednesday. "The [money] raised from the sale maintai...Read More
RAPAPORT... Emerald Expositions has canceled its Couture and Antique Jewelry & Watch shows amid restrictions due to the COVID-19 pandemic.The organizer scrapped the two events due to a government shutdown of unnecessary business operations, a moratorium on large gatherings, and travel restrictions, it said Tuesday. They were scheduled to run from June 1 to 5 alongside the JCK Las Vegas an...Read More
RAPAPORT... Signet Jewelers has furloughed a number of its employees to cut costs and ensure the long-term sustainability of its business."Due to the unprecedented impact of COVID-19 and the closure of our stores, we have moved quickly to proactively reduce expenses...to preserve liquidity," David Bouffard, Signet's vice president of corporate affairs, told Rapaport News Tuesday. "In addition...Read More
The owner of a jewelry store was shot dead during an armed raid in Stamford, Connecticut, USA. Mark Vuono, aged 69, suffered a fatal gunshot wound on Saturday afternoon (28 March).It's the first homicide of a jeweler in the United States since January 2018, according to Jewelers' Security Alliance. The alarm was raised by a customer who entered the store at 2.45pm. ...Read More