By: Rick Ackerman, Rick's PicksI like gold here, but I'd like it even more a somewhat lower levels. How much lower? Here are two charts to judge, including one in GLD for those of you who don't trade futures.www.RickAckerman.comRead More
Eric Sprott discusses the ongoing bank liquidity crisis and the Fed's renewed QE program. He also answers listener questions regarding the ETFs and the mining shares.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2...Read More
Harry Dent wraps up this week with an economic forecast showing how history is set to repeat itself in the form of an impeachment. Expect to see one last cresting wave before the market's downturn, he says. Why down & not up? Two words: Bitcoin and politics. Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Re...Read More
With gold prices having climbed higher this year, investors have flocked to senior producers instead of the juniors, favoring steady cash flow over speculation and this trend may shape miners' priorities going forward, this according to Joe Mazumdar, co-editor, Exploration Insights."I think the majors have changed mindsight thinking that it's not about production profile, it's about generating fre...Read More
John Newell of Fieldhouse Capital Management explores the investment opportunities presented by this project generator in a district rich with historic mine strikes. If the adage in the mining business is "that the best place to find a mine is next to an old mine," then by extension, the best place to explore for gold is next to a successful exploration play, and GoldON Resources Ltd. (GLD:TSX.V)...Read More
The production numbers are reviewed in a BMO Capital Markets report. In an Oct. 15 research note, BMO Capital Markets analyst Andrew Mikitchook reported that Wesdome Gold Mines Ltd.'s (WDO:TSX) Q3/19 production was a beat and management raised full-year production guidance. "Eagle continues to outperform, delivering strong cash flows," the analyst added, referring to the company's Ontario mine. D...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 319,37066,34357,254167,700455,975544,324579,572 Change from Prior Reporting Period -15,0137,5233,953-55-22,722-11,115-11,246 Traders 19782875451278195 Small Speculators LongShortOpen Interest 63,06327,815607,387 1,5451,676-9,570 non report...Read More
The gold miners are likely to report blowout profits in this spinning-up Q3'19 earnings season. Higher production, stable costs, and much-higher gold prices should combine for some super-impressive results. That's going to leave the still-undervalued gold miners much more attractive fundamentally, supporting bigger capital inflows and much-higher stock prices. Q3 should prove the gold mi...Read More
Metals investors are positioning themselves for rapidly developing political and geopolitical events, as well as a rapidly expanding Federal Reserve balance sheet. What started out as a limited intervention to provide temporary liquidity to overnight lending markets has morphed into a massive $60-billion-per-month Treasury-buying campaign. By some measures, it's even bigger than the last Quant...Read More
Dave KranzlerLast week the Fed announced that it was going to start buying $60 billion in T-Bills per month at least into Q2 2020. The Fed will also rollover the proceeds as the T-Bill's mature. The rationale was to address the decline in the "non-reserve" liabilities of the Fed. So what are "non-reserve" liabilities? Federal Reserve Notes.The directive as written was "Fed Speak" which mea...Read More
By: Ira EpsteinGold trend turns up if it gets above $1,503. 18 day moving average also at $1,503 area, important resistance area to get above for the gold markets to turn into a more bullish bias:Read More
By: Rick Ackerman, Rick's PicksI like gold here, but I'd like it even more a somewhat lower levels. How much lower? Here are two charts to judge, including one in GLD for those of you who don't trade futures.www.RickAckerman.comRead More
In contrast to gold, there is HUGE ACTIVITY in silver. Harvey explains...by Harvey Organ of Harvey Organ BlogOCT 17/GOLD UP $4.00 TO $1494.50//SILVERUP 17 CENTS TO $17.59//ANOTHER HUGE QUEUE JUMP AT THE GOLD AS BANKERS ARE DESPERATE TO FIND PHYSICAL GOLD//SUPPOSEDLY WE HAVE A BREXIT DEAL..LET US SEE HOW THIS PLAYS OUT//ANOTHER HUGE POMO AS LIQUIDITY DRIES UP//COLLATERAL RATE REMAINS ELEVATED AT 2....Read More
Stakeholders have been trying to alter the perception of South Africa’s mining sector from that of a “sunset industry” to a “sunrise industry”, but such a transition inherently depends on the country’s mineral potential, states the South African Institute of Mining and Metallurgy (SAIMM). “This applies not only to our traditional base of precious metals, d...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftDugald River produced 47,296 tonnes of zinc in zinc concentrate, 32% above the previous...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.American Express added $1.83 to $120.93 after reporting higher than consensus third quarter earnings. Coca Cola gained $0.52 to $54.31 after reporting higher than consensus third quarter revenues. Schlumberger advanced $0.48 to $32.37 after reporting higher than consensus adjusted third qu...Read More
If you hadn't picked up on it yet, I've had a bit of a travel theme this week. Between how I fly for free, and the dangers of traveling abroad, you should now have a pretty good idea of how to get where you're going cheap, and how to stay safe while you're visiting.When most people think of getting a change of scenery, a vacation is the first thing that comes to mind. You think of heading to your...Read More
Finally, you get to cross Rome off your bucket list for travel destinations!While exploring the Colosseum, one of the locals offers to snap a photo of you and your group in front of the busy landmark. Without thinking, you agree and hand over your smartphone.As you're getting ready to pose, you look up and see that your new "friend" has just run off with your phone.In your twenties, you might have...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftThe stakes of a cyber-attack are incredibly high, often leading to financial, operationa...Read More
A combination of growing demand for rare earth elements (REEs) and supply uncertainty related to the ongoing trade war between the U.S. and China has reignited project investment, with rare earth producers betting that market forces will remain sustainable over the long-term.In May, Australia's Lynas Corp. (ASX: LYC; US-OTC: LYSDY), the largest producer of rare earth materials outside of China, an...Read More