The coronavirus epidemic has created fertile ground for scams.And it's already costing Americans tens of millions of dollars.A March memo from the U.S. Department of Justice reads:As you know. we have seen an unfortunate array of criminal activity related to the ongoing COVID~19 pandemic. Capitalizing on this crisis to reap illicit profits or otherwise preying on Americans is reprehensible and wil...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 4, 2020 "COVID-19. A pandemic or a surveillance and banker's dream? Anthony T. Hincks, aka Anthony Hawes, author, An Author of Life, Volume 1, and many more "Who benefits from all the money that is b...Read More
StrengthsThe best performing metal this week was platinum, off slightly by 0.32 percent, with investors increasing their bullish platinum outlook to the highest in three weeks. Retail investors can't get enough of gold coins. Consumers typically pay a little more for gold coins than the per-ounce prices quoted on financial markets in London and New York. That premium has surged to $135, more tha...Read More
By Keith Weiner The price of gold dropped $29 and the price of silver dropped $0.27. We'll get back to where we think the prices are likely to go in a bit. In recent Reports, we've looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe) and the elevated gold basis. As an aside, we continue to see articles that get the high gold b...Read More
Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More
Great Bear Resources finished drilling one-third of the planned holes for the LP Fault at its project in Ontario. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced in a news release the latest results from the LP Fault at its Dixie project in the Red Lake District of Ontario."As we approach the one-year anniversary of the discovery of the LP Fault and our 100th drill hole into this tar...Read More
Technical analyst Clive Maund charts the markets and discusses what he believes is ahead for stocks, the dollar and commodities. Notwithstanding the Fed's seemingly limitless ability to create money to throw at the stock market, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings, etc., all the charts we are going to look at here point...Read More
Sector expert Michael Ballanger reflects on how Rodney Dangerfield's famous one-liner applies to today's gold market. Rodney Dangerfield Wikimedia CommonsIn March 1967, for most of the adult population in North America, the most popular comedians were almost all television series personalities, such as Carol Burnett, Buddy Ebsen and Dick Van Dyke. These stars were the softcore comics enjoyed by...Read More
Pretium Resources' flagship mine continues to generate free cash flow. Pretium's Brucejack MinePretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release its Q1/20 results.With operations unaffected by COVID-19, according to the company, Pretium produced 82,888 ounces of gold at its Brucejack mine at an all-in sustaining cost (AISC) of $996 per ounce of gold sold. The number of tons m...Read More
Lion One Metals plans to have three rigs at work there during the dry season. In a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced that three diamond drill rigs are being mobilized for the planned 2020 dry season exploration program at its Tuvatu gold project on Fiji. The aim of the upcoming drill program is to further confirm presence of a large-scale alkaline gold system w...Read More
Megastar Development agrees to extend the due date of the final payment until year-end 2020. In a news release, Megastar Development Corp. (MDV:TSX.V; MSTXF:OTC; M5QN:FSE) announced it amended its 2017 agreement that affords DeepRock Minerals the option to purchase a 50% interest in Megastar's Ralleau zinc-copper-silver property in Quebec's Abitibi Greenstone Belt.The companies made two changes t...Read More
Newrange Gold is preparing to restart operations as soon as COVID-19 restrictions are eased. In a news release, Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) provided an update on operations at its Pamlico project in Nevada and its North Birch Project in Ontario, both of which continue to be affected by COVID-19 mandates.With the prospect of those restrictions being lessened in the near future, the...Read More
10 years ago every “analyst” and his brother was hyping the future price of gold and I kept track of their guesses in an article entitled “Gold Going To $2500, $5000, $10000, Even More? These 148 “Analysts Think/Thought So“. None of their forecasts “panned” out (pun intended) but some are back at it again suggesting that we are going to see gold going as h...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 4, 2020 "COVID-19. A pandemic or a surveillance and banker's dream? Anthony T. Hincks, aka Anthony Hawes, author, An Author of Life, Volume 1, and many more "Who benefits from all the money that is b...Read More
StrengthsThe best performing metal this week was platinum, off slightly by 0.32 percent, with investors increasing their bullish platinum outlook to the highest in three weeks. Retail investors can't get enough of gold coins. Consumers typically pay a little more for gold coins than the per-ounce prices quoted on financial markets in London and New York. That premium has surged to $135, more tha...Read More
By Keith Weiner The price of gold dropped $29 and the price of silver dropped $0.27. We'll get back to where we think the prices are likely to go in a bit. In recent Reports, we've looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe) and the elevated gold basis. As an aside, we continue to see articles that get the high gold b...Read More
Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More
If you believe, as I do believe, that they're going to continue printing money to bail-out everyone, then there's a very strong, long-term case to own...by Simon Black of Sovereign ManAt precisely 4pm on Friday October 17, 1975, New York City's government would have a $453 million in debt to repay.But literally the night before, the city's government had only $34 million on hand.It was the makings...Read More
The outlook is VERY bearish...by Przemyslaw Radomski via Sunshine ProfitsGold and the US dollar - the yellow metal doesn't really move regardless of the greenback. As the strength of their relationship (and even the direction gold takes in response) change over time, let's start today's analysis with a quick look at how they are doing currently. You're probably wondering why didn't gold slide, giv...Read More
After being pummeled to record-low levels relative to gold, an epic silver mean reversion higher is underway. Here are the details... by Adam Hamilton of Zeal LLCSilver is powering higher in a new bull market after getting clobbered in March's stock panic. Investors have been flocking back to silver in the aftermath of that ultra-rare extreme-fear event. That brutal selloff also utterly wiped...Read More