The demand for precious metals has hit fever pitch amid economic uncertainty and price volatility as millions around the world awaken the gold bug within.But there's one big problem: delivery.Social distancing, business closures, government lockdowns, and grounded airplanes are significantly disrupting gold's global supply routes. And it has resulted in long shipping delays, low inventories, canc...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More
Dear Friend of GATA and Gold:What the heck are those mysterious "exchange for physicals," the mechanisms by which contracts to buy gold on the New York Commodities Exchange are neither fulfilled by delivery on the Comex nor settled for cash there but transported for supposed delivery elsewhere?The mechanism long has been incorporated by the Comex trading system but was described as an "emergency...Read More
Steve St. Angelo, SRSrocco Report There's more evidence finally surfacing in the media of the dire energy predicament the world is now facing. The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but the global contagion has sped up the process considerably. Unfortunately, the world will never return back to the energy co...Read More
Dave Kranzler, Mining Stock JournalThe Government and the Federal Reserve are exploiting the virus crisis to implement another bailout - or attempted bailout of the "Too Big To Fail Banks." The stimulus Bill approved 96-0 by the Senate gives the Fed a $454 billion taxpayer funded "slush fund" for Wall Street bailouts. Just as troubling, the Bill suspends the Freedom Of Information Act for the...Read More
By: Ira EpsteinRead More
The Critical Investor takes a look at recent actions taken by this gold explorer. The coronavirus pandemic together with the Saudi Arabia-Russia oil production increase took its toll on the equity markets the last few weeks. The commodity markets in particular got hit too, as main end-user China got hit by a halt in manufacturing plants across the economy. Precious metals like gold rose initially...Read More
Bob Moriarty of 321gold comments on where he believes the economy is heading. Those who never predicted a financial collapse in the first place are now edging closer to the swamp to dip their toes into the water. Now they are suggesting, perhaps we could have a recession."Forget that. You cannot have every supply chain in the world chopped in two and have a recession. A depression was baked into...Read More
On Monday, the Fed introduced QE-infinity. What does it imply for the US economy and the gold market?Fed Drops Bazooka… and Goes Nuclear Instead!On Monday, the Fed pulled out an even larger bazooka than it did previously. Or, forget about the bazooka. The US central bank has gone nuclear! Indeed, the US central bank announced extensive new measures to support the economy. On March 15, the F...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More
Dear Friend of GATA and Gold:What the heck are those mysterious "exchange for physicals," the mechanisms by which contracts to buy gold on the New York Commodities Exchange are neither fulfilled by delivery on the Comex nor settled for cash there but transported for supposed delivery elsewhere?The mechanism long has been incorporated by the Comex trading system but was described as an "emergency...Read More
Steve St. Angelo, SRSrocco Report There's more evidence finally surfacing in the media of the dire energy predicament the world is now facing. The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but the global contagion has sped up the process considerably. Unfortunately, the world will never return back to the energy co...Read More
Dave Kranzler, Mining Stock JournalThe Government and the Federal Reserve are exploiting the virus crisis to implement another bailout - or attempted bailout of the "Too Big To Fail Banks." The stimulus Bill approved 96-0 by the Senate gives the Fed a $454 billion taxpayer funded "slush fund" for Wall Street bailouts. Just as troubling, the Bill suspends the Freedom Of Information Act for the...Read More
By: Ira EpsteinRead More
Diversified miner Anglo American is taking steps at its relevant operations in line with Covid-19-related regulations enforced in the various jurisdictions in which it operates around the world.It will also continue to provide a number of essential services including security; mine maintenance; tailings facility safety management; water treatment; community water supply; increased capaci...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe ESG bar has just been raised... Who will get over it?SPONSOREDstrategia worldwideUnder the Bill, when health authorities suspend economic activity in the country or a specific zone...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe ESG bar has just been raised... Who will get over it?SPONSOREDstrategia worldwideFirst up, the slump in the Aussie dollar from last (calendar) year's average of US69c to below 60c h...Read More
Markets are looking quite mixed this morning, Friday March 27, with most Asian-Pacific equity indices up, the pre-market Dow Jones Industrial Average (DJIA) down by 1.1%, while base metals prices on the London Metal Exchange and Shanghai Futures Exchange are up and gold is down from recent highs.It is not surprising the markets are mixed as it is confusing that the DJIA rallied by 6.4% on Thursday...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 62 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for February Personal Income was an increase of 0.4% versus a gain of 0.6% in January. Actual was a gain of 0.6%. Consensus for February Personal Spending was an increase of 0.2% versus a...Read More