Greta Thunberg with no script is a sight to behold. Continue...Read More
Bob Moriarty of 321gold describes the investment opportunity in this company. Aurania Resources Ltd. (ARU:TSX.V) has 2 million warrants at $3 due to expire on Dec. 29. Typically, as warrant expiration approaches, warrant holders who are short of cash will sell the shares to exercise the warrants. In anticipation, shareholders have dropped the price of shares from $4.50 on Dec. 4 to $3.40 on Frida...Read More
Bob Moriarty of 321gold provides an update on this junior miner. I did a good piece on GFG Resources Inc. (GFG:TSX.V; GFGSF:OTCQB) back in April, and anyone interested in the company should go back and read it. It doesn't make a lot of sense for me to cover the same stuff again and again. Watching the share price this year has been every bit as exciting as watching paint dry. It was $0.23 when I...Read More
Westarted yesterday’s analysis with the investigation of the Euro Index and goldprice in this European currency. Today, we’ll take a moment to analyze the goldmarket from the Indian point of view. Gold has a special place in the Indianhistory and culture, India is the second biggest “consumer” of gold (rightafter China). USA’sgold consumption is third biggest in the w...Read More
A week ago, Lagarde chaired the monetary policy meeting of the Governing Council of the ECB for the first time. An insightful press conference followed in the footsteps. What will her presidency imply for the ECB’s policy and the gold market precisely? Key Takeaways From First Lagarde Monetary Policy Meeting as ECB PresidentLast Thursday, the ECB held its December monetary policy meeting. Th...Read More
With many stocks moving higher in breakout fashion already, silver and GLD have been lagging.But, that may come to an end shortly.You see, silver seems to be setting up in a micro i-ii structure off the recent lows, whereas GLD is still below its last week high.However, even though GLD is below its last week high, the action we have seen lately has been quite corrective.So, this makes me lean towa...Read More
The title of this essay is part of a statement made by StewartThomson, editor of the investment letter, Graceland Updates. His full commentreads, “It takes more than viewing charts and government debt numbersto understand gold as the world’s ultimate asset. What it really takes comesfrom the heart, not the brain.” For thousands of years, humankind has understood the magicald...Read More
Brexit has become very likely due to result of the UK vote. But so what (gold- and currency-wise)? The uncertainty dropped significantly, and markets were able to sign a breath of relief (bearish for gold), but on the other hand Brexit itself increases the geopolitical turmoil (bullish for gold). Gold didn’t react decisively in the short run overall, but the European currencies: the euro, an...Read More
In recent weeks we’ve noted the positive developments in the gold stocks despite the sector being in a period of correction. Last week we shared the idea that the next impulsive move in gold stocks might begin when the correction in the metals ends. In this article, I’m going to share the one chart which I think will help us time that next move higher. In recent years...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,49358,218114,165202,432521,051661,090693,434 Change from Prior Reporting Period 15,324-3112,756-94215,39427,13828,119 Traders 21062725555290167 Small Speculators LongShortOpen Interest 55,89723,553716,987 -154-1,13526,984 non reportable positionsChang...Read More
The gold miners' stocks have suffered a lackluster few months. That's a disheartening contrast to their powerful summer upleg on gold's bull-market breakout. While this healthy gold-stock correction likely isn't over yet, the gold miners remain very undervalued relative to the metal they produce. That means they still have massive upside left in this secular gold bull. Sentiment just n...Read More
Jordan Roy-Byrne CMT, MFTAIn recent weeks we've noted the positive developments in the gold stocks despite the sector being in a period of correction. Last week we shared the idea that the next impulsive move in gold stocks might begin when the correction in the metals ends. In this article, I'm going to share the one chart which I think will help us time that next move higher. In recent year...Read More
By: Ira EpsteinGold remains under the 18 week moving average, but had a good day yesterday..Read More
Do not think of 2020. Just focus on end January. January is significant for three reasons for financial markets (a) Trump and his impeachment proceedings (b) Chinese New year is around 25th January. Chinese retail demand numbers and Chinese demand for gold and silver will be the key. (c) Brexit and increase or decrease in global mass unrest in India, Hongkong etc. At this point all these factors...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"The land (held by state-controlled Gécamines) includes multiple blocks over the preferred location for construction of a new long-term tailings facility, and multiple other blocks that will enhance KCC's ability to more efficiently operate its mines, facilities and other key infrastructure requirements," Glencore-contr...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSouth32 owns 11.7% of Trilogy and has contributed US$30 million over three years to exploration, and had until January 20 to decide if it wanted to expand its interest.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe copper is in the pre-filter press feed tank and will be sent to the concentrate press over the coming days, ending the company's 10-year dependence on its Prominent Hill copper-gold mine as its sole source of income. Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt aims to produce 20,000-25,000 t...Read More
U.S. equity index futures were slightly higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Today is "Triple Witching Day": last trade day for December equity and index futures and options. Volumes are expected to be higher than average. Index futures were virtually unchanged following release of the next estimate of third quarter GDP at 8:30 AM EST. Consensus was growth...Read More
What caused the overnight lending market to unexpectedly seize up in September? There's a good reason to believe JPMorgan Chase (JPMC) may have been at the heart of it.JPMorgan Chase is the largest bank in the U. S., and has about $1.49 trillion in deposits. It's one of the big banks that provide much of the loans in the overnight money markets.But it seems the mega-bank had gone on a stock buybac...Read More
The big news this week was that the House of Representatives impeached President Trump for abuse of power and obstruction of Congress.Trump now joins Andrew Johnson and Bill Clinton as the only U.S. presidents to be impeached (Nixon resigned before he could be impeached).Now it goes to the Senate for trial. But there's virtually no chance the Senate will convict Trump on the charges, given the Rep...Read More