Senate Republicans are set to release their long-awaited report on Joe and Hunter Biden's activities in Ukraine, and is expected to conclude that Hunter Biden's lucrative Continue...Read More
Recent flow data suggests that paper gold is no longer as important as it used to be.Continue...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 22, 2020 As gold rallied into the $2000 round number resistance area, I asked investors to prepare for a pullback to my key buy zone at $1788. Please click here now.Double-click to enlarge this daily gold chart.The pullback has been quite orderly. There is modest support at $1875 and...Read More
Peter Epstein of Epstein Research examines the latest news from X-Terra Resources, including two imminent drill programs he believes "could be game-changers." X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) has been flying under the radar, but critical events culminating in two imminent drill programs are coming to fruition. Add to that the fact that the current gold price is like roc...Read More
Peter Krauth discusses what he believes is ahead for the dollar and gold. After taking it on the chin for the last six months, the U.S. dollar now looks set to rally.Gold is being dented, having recently traded back below $1,900.Meanwhile, the dollar is already up nearly 1.5% since the start of September. That's a big deal for the world's reserve currency.But if you consider what's happened to th...Read More
Gold has been consolidatinghigh since early August, when it rocketed parabolic on colossal gold-ETFdemand. That 6-week-old sideways drift hasworked off some greed and overboughtness, but plenty still remains. So gold isn’t out of the woods yet for thisessential sentiment-rebalancing selloff. With residual overboughtness still extreme, gold faces considerabledownside risk hea...Read More
Gold has been consolidatinghigh since early August, when it rocketed parabolic on colossal gold-ETFdemand. That 6-week-old sideways drift hasworked off some greed and overboughtness, but plenty still remains. So gold isn’t out of the woods yet for thisessential sentiment-rebalancing selloff. With residual overboughtness still extreme, gold faces considerabledownside risk hea...Read More
Gold has been consolidatinghigh since early August, when it rocketed parabolic on colossal gold-ETFdemand. That 6-week-old sideways drift hasworked off some greed and overboughtness, but plenty still remains. So gold isn’t out of the woods yet for thisessential sentiment-rebalancing selloff. With residual overboughtness still extreme, gold faces considerabledownside risk hea...Read More
Bob Moriarty ArchivesSep 21, 2020Iwrote about Defiance Silver (DEF-V, DNCVF-OTCBB) back in July. Their shares were $.35 back then and have almost doubled since. Investors it seems to me are way too bullish. While I would like to see a deeper correction in gold and silver, Defiance is prepared for higher prices. I think they are as perfectly positioned as any company in the space. Because of levera...Read More
Westhaven Gold is now drilling below where high-grade surface samples were found and expects assays shortly. The old adage says the best place to find a mine is besides a mine, but Westhaven Gold Corp. (WHN:TSX.V) is finding gold driving distance from Vancouver. Could it be that no one thought there could be gold so close to home?The company's Shovelnose project is a mere two and a half hour driv...Read More
Royal Helium Ltd. reported it has received permits for 321 additional square km of new helium land at its Bengough and Pangman projects in Saskatchewan. In a news release, Royal Helium Ltd. (RHC:TSX.V), reported that it has "received permits for an additional 32,166 hectares or 321 square km of helium land in the southeastern half of Royal Helium's Saskatchewan landholdings where the total helium...Read More
Newrange Gold announces results from the most recent 20 reverse circulation holes drilled at its Pamlico project. In a news release, Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced that drilling to date at its Pamlico gold project in Nevada confirms the strong structural control and widespread nature of gold mineralization there.The most recent 20 holes, which the company is now reporting, w...Read More
The report gives Magna Gold a base case operating plan for its San Francisco project, from which it can "drive ongoing optimization, growth and near-term value creation." Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) announced in a news release the details of the recently completed prefeasibility study on its flagship San Francisco gold project in Sonora, Mexico."We are extremely pleased with the out...Read More
Peter Krauth outlines the reasons he believes the price of silver will continue to rise. They say patience is a virtue.Well, if anyone is virtuous these days, it has to be silver bulls.They also say good things come to those who wait. I believe those good things will be coming…in spades.Silver reached just shy of $50 back in April 2011. A decade later, we're still just barely above half tha...Read More
The latest FOMC statement and economic projections signal are that the interest rates will stay at zero until the end of 2023. This is excellent for gold. Yesterday, the Fed issued a statement regarding the FOMC meeting, which was held from September 15-16. The US central bank kept the interest rates and the conditions of its quantitative easing unchanged. The chart below shows the levels of effec...Read More
PRIVATE BLOG - Gold for the Week of 9/21/2020Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Sep 22, 2020 Guest(s): Brooke Macdonald CEO, Cornerstone Capital Resources Cornerstone Capital Resources (CVE:CGP) said it is the founding partner of Cascabel, the only available tier-one copper-gold asset in the world not controlled by a major mining company. Kitco News spoke to Cornerstone's CEO, Brooke Macdonald, earlier this month. "The Cascabel concession contains probably the largest gol...Read More
Sep 22, 2020 Guest(s): David Rosenberg Chief Economist & Strategist, Rosenberg Research & Associates U.S. equity markets saw a sharp sell-off Monday and while volatility will remain high, one economist said that the bubble can continue to grow as the Federal Reserve continues to pump liquidity into financial markets. While gold will continue to play an important role in investor portfolios, Davi...Read More
Sep 23, 2020 Guest(s): Charlie Morris CIO, ByteTree Asset Management The gold market is seeing some significant selling pressure as it breaks below critical psychological support at $1,900 an ounce; however, one fund manager said that prices are still holding a healthy premium above fair value. In an interview with Kitco News, on the sidelines of the Denver Gold Forum, Charlie Morris, chief inve...Read More
Sep 23, 2020 Guest(s): Jeffrey Christian Managing Partner, CPM Group August saw a falloff in gold-backed ETF inflows along with central banks slowing down their purchases. Central banks have always been price-sensitive, said Jeff Christian, managing partner of CPM Group, and would stop buying if the price of gold is too high. As for exchange-traded fund (ETF) holdings, not all of the flows this...Read More