Weekly Reports |Nov 12 2019A sudden jump in buyer interest, and subsequently the uranium spot price, begs the question whether utilities have already begun their traditional buying ahead of year-end.-Spot uranium volumes and prices jump-Year-end buying?-President Trump's? Working Group report pendingBy Greg PeelThe week before last brought the announcement of a 90-day extension to waivers of...Read More
The buzz is all buzzed out, and all the hoopla hooped out.There is no hype surrounding solar anymore.These days solar energy mostly gets lumped together with other fossil fuel alternatives and tossed around in discussions about climate change.The parade for solar energy is over.But now the real game can begin.Because despite the lack of media fanfare, the solar industry is quietly booming.Accordin...Read More
The Federal Reserve has given another $112 billion to Wall Street. Hardly a sign of a "thriving economy." David Stockman, former budget director for President Ronald Reagan and author of "Peak Trump: The Undrainable Swamp and the Fantasy of MAGA" joins Rick Sanchez to share his insights. He argues the market "can't digest" all the money flooding into Wall Street and that the Federal Reserve respon...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Amidst all the political brouhaha regarding foreign aid, it is important that we keep in mind the nature and purposes of this particular federal program, as well as its related program, sanctions.Continue...Read More
Gold futures tumbled to a three-month low as contracts equal to over 3 million ounces changed hands in half an hour, fueling the sell-off. According to CME data as of end of market close November 11th, gold futures open interest is now up to 704,741 contracts!Gold Trade Equal to 3 Million Ounces Sends Futures Tumbling https://www.bloomberg.com/amp/news/ar...Monitor Gold Futures Contracts Open Inte...Read More
RAPAPORT... A rare fancy-deep-grayish-blue diamond ring with a highestimate of $8 million is set to lead Sotheby's Magnificent Jewels sale in NewYork next month.The cushion-cut, 7.55-carat, type IIb, SI2-clarity stone,called the Indian Blue, is valued at $6 million to $8 million, and displays ared phosphorescence typically found in diamonds from the Golconda mine inIndia, or from South Africa...Read More
London-listed Botswana Diamonds (BOD) has recovered the first diamonds from its plant commissioning activities at the Marsfontein mining permit.The company’s 40%-owned associate Vutomi Mining was last month granted a mining permit for the diamond-bearing gravels and residual unprocessed stockpiles around the iconic mine, in South Africa.AdvertisementBOD reports that plant commissioning is we...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsNevada Copper's US$200 million Pumpkin Hollow project near Reno in Nevada is one of the first new mines established and in operation at "what looks to be the start of a new commodity cycle", theRead More
New Orleans Investment ConferenceNov. 2, 2019Uranium Energy Corp executive vice-president Scott Melbye spoke with Albert Lu in New Orleans.#NOIC2019 #uranium #mining #investinghttp://uraniumenergy.comhttp://sprott...Read More
Nov 14, 2019 Guest(s): Ryan Giannotto Director of Research, GraniteShares ETFs The amount of gold to hold in a portfolio that optimizes an investor's risk/return profile is much higher than what most would hold, this according to Ryan Giannotto, director of research at GraniteShares. "We have found that the efficient level, the optimized level, was 35% gold. Not saying you should own 35% gold, t...Read More
*The interview begins at 3:28Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent...Read More
Oursummary of the current situation in the precious metals is not going to differmuch from whatwe wrote yesterday, and the reason is simple. The decline in gold,silver, and miners is developing justas we’ve been expecting it to. Most importantly, gold has justconfirmed its breakdown and everything that we reportedon gold’s outlook and price targets just got a huge confirmation.Let&rsqu...Read More
In Part I of this research post, we highlight how the ES and Gold reacted 24+ months prior to the 2007-08 market peak and subsequent collapse in 2008-09. The point we were trying to push out to our followers was that the current US stock market indexes are acting in a very similar formation within a very mature uptrend cycle. We ended Part I with this chart, below, comparing 2006-08 with 201...Read More
The metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to “take off like a rocket-ship.” To my members of ElliottWaveTrader.net, I outlined my expectations for a st...Read More
Gold and silver stocks have held up decently during the correction in precious metals, which is now in its 3rd month. However, as we mentioned last week, the bugaboo has been the relatively high net speculative position in Gold, which has not changed much despite recent weakness in the sector. Technically Gold cracked last week and the downside momentum coupled with the relatively high net spec po...Read More
RAPAPORT... Singles' Day has continued to grow as a major onlineshopping occasion in China, with Alibaba Group reporting record sales through itse-commerce sites. The total value of transactions on the Chinese retailgiant's platforms rose 26% to CNY 268.4 billion ($38.4 billion) on Monday,the company said. More than 200,000 brands participated in the 24-hour shoppingfestival, it added. "Today...Read More
Frank Holmes chatted with Kitco News' Daniela Cambone about the latest updates in the gold market. Although prices have fallen since hitting six-year highs in August, Frank highlights that central bank buying of the yellow metal has continued to increase. Additionally, holdings in gold-backed ETFs are at record highs, yet generalist investors have not moved into gold yet. Frank recommends that inv...Read More
What DIDN'T we talk to Love Island's Tommy Fury about?!Molly-Mae Hague, THAT dry turkey dinner she cooked him which went viral, wanting the 'Battle of Britain' with YouTuber KSI in the ring, his love of mayonnaise and Curtis and Maura's 'imminent' WEDDING!Report by Lucy Jones.#TommyFury #KSI #KSIFightRead More