The rationale for investing in this Canadian firm is presented in a ROTH Capital Partners report. In a June 19 research note, analyst Joe Reagor reported that ROTH Capital Partners initiated coverage on Integra Resources Corp. (ITR:TSX.V; IRRZF:OTCQB) with a Buy rating and a CA$1.40 per share price target. The company's stock is currently trading at around CA$0.88 per share. The updated resource...Read More
Gold finally surged tonew bull-market highs this week! Severalyears after its last bull high, gold punched through vexing resistance afterthe Fed continued capitulating on ever normalizing. This huge milestone changes everything forgold and its miners’ stocks, unleashing new-high psychology fuelingself-feeding buying. With speculators notyet all-in and investors wildly unde...Read More
Sector expert Michael Ballanger reacts to today's Federal Open Market Committee meeting. To the surprise of the many and the chagrin of the few, the Fed opted to do nothing with policy today and left rates unchanged despite clarion calls for a cut. As I wrote about earlier, there was (and is) zero rationale for a rate cut, what with GDP humming along and the best employment numbers in fifty years...Read More
Super Mario delivered a surprisingly dovish speech. But he was shortly outshined by Super Jerome. Both key central banks have sent new signals to the markets for interpretation. Let’s read the tea leaves and make sense of the initial reaction in the gold market.Draghi Repeats ‘Whatever it Takes’ In a Mini VersionAs we covered one week ago in the Gold News Monitor, the ECB became...Read More
Gold has finally broken out to the upside. In Asia trading on Thursday, Gold exploded through the $1360 to $1370 resistance zone and was able to hold the gains throughout the day, closing above $1395/oz. As we pen this article, Gold has to chance to break $1400/oz by the weekend. The close of the month (and quarter) next week will provide an additional clue as to the sustainability of this strengt...Read More
This is the final article in this Gold analysis series that concludes in a detailed trend forecast for the Gold price into Late September 2019 :Current StateTrend Analysis, MACD, Trend ChannelsSupport / ResistanceSeasonal AnalysisUS Dollar / GoldGold Price Trend Forecast ConclusionGold Stocks This analysis was first been made available to Patrons who support my work: Gold Price Trend Forecast Summ...Read More
Surf City has several seats on the Bus. Do you?Summary: Gold closed at $1348 today according to Stockcharts but is now much higher at $1365 as I write this update. My two longer-term weekly charts on GLD show the potential for a massive upside breakout where price could really run hard & fast. My first chart is a 6 Year weekly showing a massive inverse Head & shoulde...Read More
In March 1980, the University of Washington installed a seismographsystem designed to monitor earthquake activity in the Cascades, with a focus onincreased seismic activity around Mount St. Helens. Starting just a few days later, a series of earthquakes, smalleruptions, and steam releases took place. Near the end of the month, the peakof the mountain started to open up.But this was only the beginn...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 274,63370,31056,655141,993365,848473,281492,813 Change from Prior Reporting Period 24,5194,434-3,1804,27426,10225,61327,356 Traders 20669685559290170 Small Speculators LongShortOpen Interest 52,35532,823525,636 3,3601,61728,973 non reportable positionsCha...Read More
- Richard (Rick) MillsThe US Federal Reserve, the country's central bank, did what many expected on Wednesday, and held interest rates steady, while signaling that a rate cut is on its way. Despite pressure from President Trump to lower interest rates, the Federal Open Market Committee (FOMC) concluded after a two-day meeting that it will stay pat for now, meaning no change to the 2.25% to 2....Read More
Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners' stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly underdeploye...Read More
Summary: Gold closed at $1348 today according to Stockcharts but is now much higher at $1365 as I write this update. My two longer-term weekly charts on GLD show the potential for a massive upside breakout where price could really run hard & fast. My first chart is a 6 Year weekly showing a massive inverse Head & shoulders pattern that is ready to bust out to the upside of the inverse neckl...Read More
By: Ira EpsteinDrone Thursday - 100% July Cut in Rates Priced in - Gold Market is responding to falling dollar, rates, FOMC, drones, safe haven buying roaring into the market.Gold roars higher:Read More
- Jordan Roy-Byrne CMT, MFTAGold has finally broken out to the upside.In Asia trading on Thursday, Gold exploded through the $1360 to $1370 resistance zone and was able to hold the gains throughout the day, closing above $1395/oz. As we pen this article, Gold has to chance to break $1400/oz by the weekend. The close of the month (and quarter) next week will provide an additional clue as to th...Read More
Bullion's powerful rally this week has kicked this popular mining-stock vehicle into high gear. I haven't tracked it in quite a while but aim to do so now, provided it remains feisty and interesting. In that regard, GDX looks like it's about to ratchet up the interest-level, although not in a way we might have preferred. Notice that Thursday's energetic short-squeeze brought the ETF within inche...Read More
Apart from the technical, Iranian issue is also contributing to gold's rise. Momentum is bullish for gold and crude oil. Silver has a lot of potential to rise IF it tries to play catch up with gold. China is trying to mediate for a denuclearization of the Korean peninsula. Developments in Korea will not have any effect on gold or currency markets. One should look for signs of profit taking bef...Read More
As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie Carstens tells Mining Weekly. “The explosive growth seen in mechanised mining in the past 30 years or...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsIn its judgement, the Constitutional Court of Ecuador unanimously rejected the petition calling for a referendum on the basis of technicalities. The court judgement rejecting the petition did not discuss or rule on the merits of the case, and the formal resolution of the court with further detail into the rejection is yet to be publ...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsThe Vancouver-headquartered company said Thursday progress on three main fronts - technical, permitting and financing - had its Florence copper project in Arizona, USA, on track to be construction-ready in the first half of 2020.CEO Russell Hallbauer said: "Based on previous bench-scale testing, we expected it would take upwards of...Read More
Iran’s shooting down of a US drone has raised tensions in the Middle East, with gold and oil prices extending gains. Spot gold reached a high of $1,411.90 per oz after US President Donald Trump reportedly ordered an attack on Iran, which was later aborted. Equities in Asia have weakened across the board. Base metals Three-month base metals on the London Metal Exchange...Read More