Weekly Reports |Mar 24 2020The virus is having its impact on the uranium industry, sending the spot price under US$24/lb for the first time since July 2018-Virus impacting on electricity producers-And on mining operations-And on project development-And on credit availabilityBy Greg PeelThe US government considers power plants part of the nation's critical infrastructure, and to that end electricit...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 24, 2020I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive.Pleaseclick here now. Double-click to enlarge this spectacular gold chart.$1550 is now support!Pleaseclick here now.In what is arguably the most horrific ac...Read More
The Dow Jones Industrial Average rose 11.37%, its biggest one-day percentage gain since 1933, Reuters reported.The S&P 500 closed up 9.38%, the FTSE 100 rose 9.05%, Japan's Nikkei 225 gained 7.13% and the S&P/TSX Composite Index was up 11.96%.The gold price has zig-zagged higher in the past 24 hours.It's leapt up from below US$1,600 an ounce on the spot market to head towards $1,700/oz bef...Read More
Iron ore prices slumped to levels not seen since early February on Monday, with benchmark 62% Fe fines closing at $80.20/tonne."We are not yet looking at a glut of seaborne iron ore. But risks are escalating, and the balance is tilting towards a bigger hit to iron ore demand than supply," said Wood Mackenzie research director Paul Gray.Gray said his firm's analysis showed prices should gravitate t...Read More
Rio will curtail production at Richards Bay Minerals by midnight on Thursday. The titanium operation was previously suspended for five weeks late last year due to security issues.Read More
It is true that a stock market crisis is the time to make your fortune. In 2002, after the dot-com bubble, you could have bought Amazon (NASDAQ: AMZN) for $3 and a pickle. A few months ago, it hit an all-time high of $2,185.That is a 72,733.3% increase in 20 years. Amazing.I remember George Soros being interviewed in 2009. He said, "I'm having a great crisis." His Quantum Fund gained 28% that year...Read More
Richard (Rick) Mills, Ahead of the herdIn the 1960s, French politician Val?ry d'Estaing complained that the United States enjoyed an "exorbitant privilege" due to the dollar's status as the world's reserve currency. He had a point.Because the dollar is the world's currency, the US can borrow cheaper than it could otherwise (lower interest rates), US banks and companies can conveniently do cross-...Read More
Stewart Thomson, Graceland Updates 1. I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive.2. Please click here now. Double-click to enlarge this spectacular gold chart. $1550 is now support!3. Please click here now. In what is arguably the most horrific act in the history of the United States, and ce...Read More
By Daniel R. Amerman, CFAThe United States is currently reeling, as much of the nation shuts down in the attempt to prevent the spread of the coronavirus. We can only hope for the best when it comes to the containment of the medical crisis, and the lives of so many people in the U.S. and around the world.At the same time, the economic future of the nation - and financial futures of the savers, i...Read More
In times of expansion, it is to the hare the prizes go. Quick, risk taking, and bold, his qualities are exactly suited to the times. In periods of contraction, the tortoise is favored. Slow and conservative, quick only to retract his vulnerable head and neck, his is the wisest bet when the slow and sure is preferable to the quick and easy. Every so often, however, there comes a time when neit...Read More
By Gary SavageMar 23, 2020https://blog.smartmoneytrackerpremium.com/Read More
To My Readers:I have sent the following note to Sean Hannity, Rush Limbaugh and Holman Jenkins of the Wall Street Journal. It is a MUCH better idea than squandering $2 trillion sending out checks to...EVERYBODY. Here is what the President needs to do. Please forward this to your Congressman if you agree:President Trump needs to mobilize the Army to set up Civil Conservation Corps/WPA-type work c...Read More
EMX Royalty reported that it has acquired net smelter returns royalty interests covering 18 properties in Chile from Revelo Resources. In a news release, precious and base metals royalty company EMX Royalty Corp. (EMX:TSX.V; EMX:NYSE.American) announced that "it has entered into an agreement to purchase net smelter returns (NSR) royalty interests covering 18 properties in Chile from Revelo Resour...Read More
“For twelve consecutive years, gold was up every single year whether there were inflation fears, deflation fears; strong dollar, weak dollar; political stability, political instability. It didn’t matter – strong oil, weak oil. . . Gold went up for twelve years. . . When gold embarks upon its next move, I believe that you will see that long wave take gold relatively quickly, but i...Read More
Richard (Rick) Mills, Ahead of the herdIn the 1960s, French politician Val?ry d'Estaing complained that the United States enjoyed an "exorbitant privilege" due to the dollar's status as the world's reserve currency. He had a point.Because the dollar is the world's currency, the US can borrow cheaper than it could otherwise (lower interest rates), US banks and companies can conveniently do cross-...Read More
Stewart Thomson, Graceland Updates 1. I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive.2. Please click here now. Double-click to enlarge this spectacular gold chart. $1550 is now support!3. Please click here now. In what is arguably the most horrific act in the history of the United States, and ce...Read More
By Daniel R. Amerman, CFAThe United States is currently reeling, as much of the nation shuts down in the attempt to prevent the spread of the coronavirus. We can only hope for the best when it comes to the containment of the medical crisis, and the lives of so many people in the U.S. and around the world.At the same time, the economic future of the nation - and financial futures of the savers, i...Read More
In times of expansion, it is to the hare the prizes go. Quick, risk taking, and bold, his qualities are exactly suited to the times. In periods of contraction, the tortoise is favored. Slow and conservative, quick only to retract his vulnerable head and neck, his is the wisest bet when the slow and sure is preferable to the quick and easy. Every so often, however, there comes a time when neit...Read More
By Gary SavageMar 23, 2020https://blog.smartmoneytrackerpremium.com/Read More
To My Readers:I have sent the following note to Sean Hannity, Rush Limbaugh and Holman Jenkins of the Wall Street Journal. It is a MUCH better idea than squandering $2 trillion sending out checks to...EVERYBODY. Here is what the President needs to do. Please forward this to your Congressman if you agree:President Trump needs to mobilize the Army to set up Civil Conservation Corps/WPA-type work c...Read More