Bob Moriarty of 321 Gold explains why he has been buying shares of this gold explorer with a project in Quebec. I have been pounding the table for months believing we would have a general stock market high in September leading into a giant crash starting in October. And I believed there would be a liquidity event that would blast hell out of the "Everything Bubble."It's here. I also suggested inv...Read More
This is because the trio shares similar and correlatable geology and/or mineralization styles. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced in a news release that it determined the Bear-Rimini, Auro and Yuma zones at Dixie all are part of a continuous mineralized system, one which spans kilometers of strike length and remains open along strike and at depth. The company, however, w...Read More
The asset's operator and its royalty holder have reached agreement and clarified the terms of the royalty. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release that it and Wallbridge Mining Co. agreed to amend certain terms and conditions regarding the Morrison royalty, which is Ely Gold's 2% net smelter return royalty on the Wallbridge-operated Fenelon property in Quebec....Read More
What has beenwill be again,what has beendone will be done again;there is nothingnew under the sun.Ecclesiastes1:9Historyrepeats itself. Not always, and not 100%, but often enough and to an extentthat’s significant enough to make these repetitions potentially profitable. Inorder to take advantage of this tendency, we created a tool called TrueSeasonals (and we are now providing it free ofchar...Read More
Gold and silver investors have been watching the Department ofJustice investigation of criminal price rigging at JPMorgan Chase andother bullion banks carefully. Several crooked traders have pled guilty to“spoofing” the markets and more have been indicted. The DOJ has even suggested the banks have been engagedin racketeering. Prosecutors may use RICO laws designed f...Read More
David HaggithThe Great Recession never ended. I say that because the deep economic flaws that caused it were never corrected. All recovery efforts since merely clouded our eyes to the problems growing larger around us, even making them worse, and now we are going back into the belly of the Great Recession.The recovery was all a prop, which is why I call it a fake recovery. In September, we enter...Read More
Clive Maundoriginally published Sunday, September 29, 2019Whilst we are in complete agreement with Egon Von Greyerz of GoldSwitzerland, about the exceptionally positive mid and long-term outlook for gold and silver which will soar as the monstrous global debt bubble implodes, there is the small matter of what will happen to them when the debt junkies go "cold turkey" if there is a sudden liqui...Read More
Clint SiegnerGold and silver investors have been watching the Department of Justice investigation of criminal price rigging at JPMorgan Chase and other bullion banks carefully. Several crooked traders have pled guilty to "spoofing" the markets and more have been indicted.The DOJ has even suggested the banks have been engaged in racketeering. Prosecutors may use RICO laws designed for taking...Read More
By: Gary SavageGold is still very early into its daily cycle lower:Read More
By: Ira EpsteinSeptember was a crazy month. Gold heading back to $1,450? Under the $1,511 18-day moving average. Gold is oversold. Read More
Stellar result for PolarXSPONSOREDpolarx"Exploration success will have to accelerate to keep up with ‘green' global ambitions… there is only one way this can be achieved," said Bernstein senior research analyst Paul Gait.Read More
Support from better Chinese PMIs This week got off to a positive start with both the official and Caixin manufacturing PMIs for China rebounding in September and also beating consensus expectations. But all eyes are now turning to US-China trade talks set to resume at a high level in October. Progress on this front, combined with better manufacturing data would boost base metal sentiment and price...Read More
Base metals prices supported by better than expected Chinese PMI data LME three-month base metals prices started this week a tad stronger. The positive sentiment in the complex was supported by a better than expected Chinese manufacturing PMIs, both of which beat expectations in September and rose from the August level. The official PMI nudged up to 49.8 while the Caixin PMI rose to 51.4. Speculat...Read More
Aluminium The LME three-month aluminium price remains under pressure on Tuesday October 1, testing to a fresh multi-year low of $1,713.50 per tonne, although there are signs of indecision at these levels. Momentum indicators suggest prices are attempting to stabilize. The stochastics fast line has turned higher, as has the RSI, which at 30 is approaching oversold territory. Having broken belo...Read More
In this week’s analysis, we discuss the main fundamental trends of the global copper market in the first half of the year, based on the latest ICSG statistics, while highlighting our projections for the remainder of the year. Refined market balance The ICSG estimates that the refined copper market was in an ‘apparent’ deficit of 220,000 tonnes in H1 2019, compared with a smaller def...Read More
Resistance above $2,100 per tonne being eroded, uptrend developing Lead prices are making headway above $2,100 per tonne, which, along with exchange stocks falling again, is a sign that the underlying deficit is starting to bite more. Supply disruptions and environmental restrictions at mines and smelters are partially responsible for the tightness. Mine supply disruptions have kept lead market ti...Read More
This week we review the highlights of our Nickel Spotlight report published late last week in which we put the key bullish and bearish drivers of the market this year into perspective. Bullish Since the 2016 low at $7,550 per tonne, LME nickel has traded within a succession of higher highs and lows. It has been no different this year. We expect nickel’s robust fundamentals to continue support...Read More
In this week’s analysis, we review the major positive and negative aspects of the tin market, which either have shaped the price direction in recent months or will influence the outlook for the rest of 2019 and beyond. Positives The WBMS pegged the global refined tin market in a deficit of 5,300 tonnes in the first seven months of 2019. This is slightly deeper than a deficit of 5,000 tonnes i...Read More
LME spreads tighten... The LME zinc forward curve has tightened recently with the cash/three-month backwardation flaring out to around $50 per tonne on Monday September 30, compared with $7 per tonne on September 20. While tighter spreads and the modest 0.7% decline in open interest across the week suggest an element of short covering, they also reflect falling availability; on-warrant stocks dipp...Read More
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