Point one...Our analysis has indicated that we have been in a positive market (bull market) for gold and some gold stocks since 2015. But it depends on which ones! Some have already moved sharply up but a major move up will come later with more stocks participating as the gold bullion price rises above $1500 and perhaps...Read More
Technical analyst Clive Maund discusses why he believes silver is amazingly cheap and a sure sign that a major precious metals sector bull market is starting. We have already been over the reasons why a major precious metals (PM) sector bull market is starting, and remarked on how undervalued silver is compared to gold, and how this is typical at the start of a major sector bull market. But it is...Read More
Technical analyst Clive Maund charts the reasons why the recent gold breakout is genuine. It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short-term reaction back as far as $1,380 or even $1,370 will not negate the breakout instead it should be seized upon as an opportunit...Read More
As I pen this article, Gold is set to close the month and the quarter above $1400/oz and holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign. The technicals and fundamentals are finally in place for Gold. It is outperforming all major currencies and the Federal Reserve is weeks away from beginning a new cycle of rate cuts. The US Dolla...Read More
President Trump has picked a fight with China on trade. This has run the gamut of badgering to the imposition of tariffs on Chinese exports to the United States. And, if that is not enough, the President threatens to lay on more tariffs if China fails to comply with a host of U.S. demands. China will not stand idly by and be beaten with a stick, but will they pull the trigger? One weapon that Chin...Read More
Saudi Arabia’s CEO Amin Nasr’s message to the press that oil flows to the market are guaranteed, should be taken with a pinch of salt.Looking at the current volatility in the Persian/Arabian Gulf and the possibility of a temporary closure of the Strait of Hormuz, the Aramco CEO’s message might be a bit overoptimistic. In reality, Aramco will not be able to keep the necessary crud...Read More
June 28th, 2019(S14-E702)Featured GuestsWolf Richter& Bill MurphyPlease Listen Here - MP3Interview RecapBill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to s...Read More
RambusThis is a condensed version of Rambus Weekend Report. There are over 20 individual PM stocks individually updated in the full version.I would like to start out this Weekend Report by looking at a long term monthly chart for the GDX. The multi year bear market actually began in September of 2011 at the head portion of the 3 1/2 year H&S top. The H&S top actually began to form in September...Read More
It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short term reaction back as far as $1380 or even $1370 will not negate the breakout - instead it should be seized upon as an opportunity to build positions across the sector, especially in trampled down undervalued silver st...Read More
StrengthsThe best performing metal for the week was platinum, which gained 3.02 percent. Both platinum and palladium seem to be playing catch up to gold's strong move last week. Gold extended its rally this week, pushing past $1,400 an ounce and fueling investors to pour cash into funds backed by the yellow...Read More
- Keith Weiner, Monetary MetalsLast week, we discussed the fundamental flaw in GDP. GDP is a perfect tool for central planning tools. But for measuring the economy, not so much. This is because it looks only at cash revenues. It does not look at the balance sheet. It does not take into account capital consumption or debt accumulation. Any Keynesian fool can add to GDP by borrowing to spend....Read More
By Avi GilburtI have to be honest and tell you that I am literally chuckling while I write some of my articles. My last gold article was one where I was certainly chuckling while writing it. Yet, I cannot tell you how many other "analysts" across the internet took me to task for something about which they thought I was being serious. I guess a sense of humor is not something that every reader po...Read More
- Jordan Roy-Byrne CMT, MFTAAs I pen this article, Gold is set to close the month and the quarter above $1400/oz and holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.The technicals and fundamentals are finally in place for Gold. It is outperforming all major currencies and the Federal Reserve is weeks away from beginning a new cycle of...Read More
Gold and silver can fall more after the US-China meeting at G20. Gold will crash if it trades below $1390. Silver will crash if it trades below $1505. Copper and crude oil should rise today. Traders will assess the US-China trade talk. Since details are not yet made public, reaction will be limited. I do not think North Korea will have any impact on currencies or bullion. Do not confuse that tr...Read More
As the global financial system heads closer to the abyss, production of the 2nd most important precious metal, silver, continues to deal with big problems...by Steve St Angelo of SRSrocco ReportAs the world financial system heads closer to the abyss, global production of the second most important precious metal, silver, continues to deal with serious problems. According to Peru's Ministry of Ene...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) haslaunched an international awareness campaign, highlighting the unique featuresof natural diamonds.The bourse will promote its "I lovenatural diamonds" campaign - which it says is the first internationalinitiative by a global diamond center to differentiate real diamonds fromsynthetics - over social media. It will feature several short videos, releas...Read More
RAPAPORT... Luk Fook's revenue and profit grew in fiscal 2019, driven by an expansion of its network in mainland China.Overall revenue for the Hong Kong-based jewelry retailer rose by 9% to HKD 15.86 billion ($2.03 billion) in the year ending March 31, it reported last week. Net profit grew 10% to HKD 1.5 billion ($192.6 million).The company's retail revenue in mainland China rose 18% to HKD...Read More
RAPAPORT... Gem Diamonds has appointed Mazvi Maharasoa, the former head of itsLet??eng mining operation in Lesotho, as a non-executive director for the group,it reported Monday. Maharasoa has more than 20 years of senior-management experience,including at Let??eng Diamonds, where she was CEO from 2009 to 2017. She wasalso the founder and president of the Lesotho Chamber of Mines, and has serv...Read More
Like in previous months, price developments in rounds remain few and sporadic with mixed trends and especially in sizes under a carat rather subdued. The important 1.00-1.25 carat group, a significant market gauge, remained very stable, with only a couple of categories showing some growth. As during previous months, categories above two carats continue to show increased volatility compared to...Read More
MarketWatch.com reported that "China is unlikely to surpass the U.S. in retail sales this year as previously expected thanks to the damaging effect of the current trade conflict between the two powers, but that milestone is likely to happen in 2021." MarketWatch said that a recent forecast made and published the research company eMarketer had said that it was expecting China retail sales to domina...Read More