To cut or not to cut, that is the question.Your answer may tell you a little bit about yourself, too. Are you a "glass half-full" type of person? Or maybe you fall on the doom-and-gloom side?Make no mistake, the market is optimistic.Barring additional meetings, this could be the last time for Russia and Saudi Arabia to shake hands until the next official OPEC meeting.Things didn't work out so well...Read More
David HaggithMonday was nothing but a dead-bull bounce on top of a dead-cat bounce, which means there is plenty of punishment to come. Pure testosterone drove the market's rise fed by nothing but the weak premise that New York's drop in the coronavirus death rate for a single night meant the worst is behind us. To prove how meaningless that was New York posted its highest daily increase in death...Read More
Craig Hemke, TF MetalsApril 7, 2020Just like two weeks ago, premiums are expanding again between the spot price for gold and the front month futures price. It was generally accepted two weeks ago that this was a signal of physical tightness that was soon to be resolved, because the gold was simply "in the wrong place". By this logic, it must still be.Let's start with the basics so that we're all...Read More
By Richard (Rick) MillsThe debt-to-GDP ratio is an important metric economists use for comparing a country's total debt to its gross domestic product (GDP). The percentage arrived at by dividing the country's total GDP by its total debt indicates the country's ability to pay back its loans. The higher the percentage, the higher the risk of a country being unable to pay the interest on its debt,...Read More
By: Ira EpsteinGold daily chart shows maybe needs more work in the $1,600's. As it builds into an uptrend. The bollinger bands are widening up on the daily..Read More
Currency is being created 'on scale never seen before in the history of mankind'Mark O'Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.Gold has made significant gains this year, with investors floc...Read More
Early results are delineating untested mineralization hotspots at Group Ten Metals' Montana asset. In a news release, Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) provided an update on the collaborative geological modeling and target delineating it is currently doing for its Stillwater West platinum group elements-nickel-copper project in Montana.In these efforts, Vancouver-based Grou...Read More
X-Terra Resources has the funding to simultaneously explore two of its properties. X-Terra Resources Inc.'s (XTT:TSX; XTR:FSE) gold exploration properties are in Canada, the Grog and Northwest project in New Brunswick and Troilus East in Quebec. The company recently completed an inaugural, 1,904-meter drill program at the Grog and Northwest properties, where it has an option to earn a 70% interes...Read More
The technical update on the asset, which Wheaton Precious Metals owns a production stream on, is explored in a CIBC report. In a March 31 research note, CIBC analyst Cosmos Chiu reported that Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) released an updated technical report for the Salobo copper-gold project in Brazil. "The update reiterates the Salobo gold stream's position as Wheaton's corn...Read More
A Black Tusk Resources geologist summarizes the location, make-up and past exploration results of the asset. In a news release, Black Tusk Resources Inc.'s (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) Dr. Mattieu Piche, a company director and geologist, provided a geological overview of the McKenzie East gold project in Val d'Or, Quebec. Piche noted that Black Tusk's McKenzie East property flanks the easte...Read More
With the information, Granite Creek Copper plans to define and prioritize targets for its next exploration program there. Granite Creek Copper Ltd. (GCX:TSX.V) acquired and is processing airborne geophysical data for its Stu copper-gold project in the central Yukon, it announced in a news release. The Vancouver-based company plans to model the new information, which includes magnetic and radiomet...Read More
Our researchers have been following Natural Gas for many months and believe the current price level, near $1.65, is acting as a continued historical support level (a floor in price). Our researchers also used one of our data mining tools to attempt to identify if any opportunity exists in NG over the next 30 to 60+ days for skilled traders. The purpose of this data mining tool is to ex...Read More
London Bullion Market Association (LBMA) officials have loudlyproclaimed there are plenty of gold bars in LBMA and COMEX vaults tomeet surging demand from buyers. Unfortunately for them, confidence is particularly fragile thesedays and cracks are starting to appear. Which is why anxious officials there issued not one, but twomemos last week in an attempt to reassure traders.It&rsquo...Read More
The yellow metal and its fiat nemesis. Gold and thedollar certainly move not in a random relation to each other. The strength anddirection of one taking the cue from the other changes over time, but what doesit tell us about the present moment?The key point with regard to the US currency is that it appears to have alreadyended its pullback and is now ready to soar well above its previous 2020 high...Read More
David HaggithMonday was nothing but a dead-bull bounce on top of a dead-cat bounce, which means there is plenty of punishment to come. Pure testosterone drove the market's rise fed by nothing but the weak premise that New York's drop in the coronavirus death rate for a single night meant the worst is behind us. To prove how meaningless that was New York posted its highest daily increase in death...Read More
Craig Hemke, TF MetalsApril 7, 2020Just like two weeks ago, premiums are expanding again between the spot price for gold and the front month futures price. It was generally accepted two weeks ago that this was a signal of physical tightness that was soon to be resolved, because the gold was simply "in the wrong place". By this logic, it must still be.Let's start with the basics so that we're all...Read More
By Richard (Rick) MillsThe debt-to-GDP ratio is an important metric economists use for comparing a country's total debt to its gross domestic product (GDP). The percentage arrived at by dividing the country's total GDP by its total debt indicates the country's ability to pay back its loans. The higher the percentage, the higher the risk of a country being unable to pay the interest on its debt,...Read More
By: Ira EpsteinGold daily chart shows maybe needs more work in the $1,600's. As it builds into an uptrend. The bollinger bands are widening up on the daily..Read More
Currency is being created 'on scale never seen before in the history of mankind'Mark O'Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.Gold has made significant gains this year, with investors floc...Read More
The COVID-19 pandemic continues to negatively impact commodity markets, with prices for metals such as copper, zinc, lead, aluminium and many others falling rapidly since the shuttering of mines and disruption to supply chains around the world. One metal, however, is defiantly bucking the trend.The spot price for uranium oxide in the past few weeks has risen by 14% to over US$27 per lb., ending a...Read More