Tuesdays are often a weak day for gold. Where there is weakness there is opportunity, but is that opportunity here today?Please click here now. Double-click to enlarge. Gold is in a trading range between $1670 and $1785, and I believe the odds of an upside breakout are about 67%.That breakout would target the $1900 area.There's also a bear wedge (defined by the thin red trendlines on the ch...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 28, 2020 Tuesdays are often a weak day for gold.Where there is weakness there is opportunity, but is that opportunity here today? Pleaseclick here now.Double-click to enlarge. Gold is in a trading range between $1670 and $1785, and I believe the odds of an upside breakout are about...Read More
MAG said it would offer about 4.5 million shares to Sprott's 2176423 Ontario Ltd priced at $13.25. "We understand this is Mr.Read More
Share this articleTORONTO - The prime minister of Papua New Guinea is threatening to take over a gold mine operated by Barrick Gold Corp. after operations were suspended there last weekend in the midst of a dispute over renewal of its mining lease.In a social media post, Prime Minister James Marape warns Barrick "don't fight me" as he urges the company to maintain the Pogera mining operation...Read More
The word "quarantine" comes from the Italian words quaranta giorni which mean "40 days." In the 14th century, in an effort to protect citizens from the Black Death, the Doge of Venice required suspect ships to sit at anchor for 40 days before landing.There is no record of whether the term of 40 days was due to the disease burning out or if it was the length of time people would sit before rebellin...Read More
Gary Savage SPX rally heading for 3,000 area, a pullback and then a run for 3,200 area..Gary Savage https://blog.smartmoneytrackerpremium.com/Read More
Ira EpsteinSettlement times come in at 1:30pm EST. Down day in energy, Oil ETF changes rules again, liquidating all front month-June contracts! Gold markets in a consolidation phase, Gold has a bear pattern but..Read More
Bob Moriarty of 321gold provides an update on how Getchell Gold is likely to handle its warrants. I wrote about an interesting young company back in February before all the Corona Virus issue. Someone was talking to me recently and the issue of warrants in the company came up. You should read what I had to say about Getchell Gold Corp. (GTCH:CSE) three months ago.The interesting quandary is over...Read More
Ron Struthers of Struthers' Resource Stock Report details the value proposition of Bam Bam Resources and its flagship prospect. With gold, we have witnessed the first test of gold's support level, around $1,700/ounce, which I highlighted earlier in April. My next upside target remains the same around $1,900.What is quite significant is the HUI Gold Bugs Index testing the 2016 high. I am sure it w...Read More
Seabridge Gold compares the new and previous values for its flagship project in British Columbia. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release that its newly updated preliminary economic assessment (PEA) on its KSM project in British Columbia shows improved economics and decreased economic impact."The new technical report gives investors a compelling view of the project'...Read More
Maurice Jackson of Proven and Probable speaks with Andy Schectman, president of Miles Franklin Precious Metals Investments, about the present situation with physical precious metals.Maurice Jackson: Today, we're going to discuss precious metals premiums, the COMEX and the big picture. Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Andy...Read More
With the supply/demand balance moving in favor of miners, the outlook for uranium stocks is the brightest it has been in years, according to McAlinden Research Partners. SUMMARY: Uranium has been enjoying a stealth bull market due to the coronavirus outbreak. Temporary mine closures to slow the spread of the virus at production facilities have triggered an unexpected supply squeeze, sending the pr...Read More
Gary Savage SPX rally heading for 3,000 area, a pullback and then a run for 3,200 area..Gary Savage https://blog.smartmoneytrackerpremium.com/Read More
Ira EpsteinSettlement times come in at 1:30pm EST. Down day in energy, Oil ETF changes rules again, liquidating all front month-June contracts! Gold markets in a consolidation phase, Gold has a bear pattern but..Read More
The implications are bearish for the following few weeks...by Przemyslaw Radomski via Sunshine ProfitsPractically everything that we wrote yesterday, remains up-to-date today. Consequently, we will quote some parts of the analysis, and we'll supplement them with additional discussion of the relative performance of various sectors, as we saw interesting details yesterday that further confirmed ou...Read More
RAPAPORT... Swarovski has appointed Robert Buchbauer CEO of the family-run business as part of a management reorganization.Buchbauer, who is the great-great grandson of company founder Daniel Swarovski, will retain his role as chairman of the executive board. The restructuring, which was implemented earlier this month, will streamline the crystal brand's various divisions under one entity, Sw...Read More
RAPAPORT... Dominion Diamond Mines has requested an extension to the insolvency protection it was awarded last week, stating that it needs more time to restructure its finances or find new investment.The miner asked the Alberta Court of the Queen's Bench to delay its repayment deadline to June 1, according to a court filing Monday. The original order of protection gave the company - which own...Read More
RAPAPORT... Sarine Technologies expects the coronavirus pandemic to have a heavy impact on revenue in the second and third quarters amid shutdowns in its major markets. "We cannot yet forecast what our business results will be for the rest of [the second quarter] or the subsequent quarters of 2020," the maker of equipment used in diamond manufacturing said Sunday. "We are assuming that even f...Read More
RAPAPORT... As the diamond market considers its options during the industry-wide lockdown, manufacturers in India are planning a freeze on rough imports. The move has precedent. Back in 2008, as financial markets collapsed, India imposed a one-month moratorium on rough buying. Ultimately, it helped the local trade realign inventory and gain market share while other manufacturing and trading center...Read More
RAPAPORT... Belgium's polished-diamond exports dropped 51% to $513.7 million in March, reflecting the impact of the coronavirus on global shipments.Exports to the US fell 47% to $152.9 million, according to data from the Antwerp World Diamond Centre, as the pandemic spread to North America. Shipments to the United Arab Emirates, Israel and Switzerland also fell. A 44% rise in exports to Hong...Read More