59% of Americans say they don't plan on renewing their gym memberships once the pandemic is over.Continue...Read More
But don't worry, the media says these left-wing 'protests' are 'mostly peaceful'Continue...Read More
On a monthly chart, the last resistance point for gold is the $1923 peak in 2011.Continue...Read More
Chains are only as strong as their weakest link-and recent covid-19 shutdowns have affected every link in the gold supply chain, from producers to end-users.Continue...Read More
"That national banks may escrow encryption keys used in connection with digital certificates because a key escrow service is a functional equivalent to physical safekeeping."Continue...Read More
Bob Moriarty ArchivesJul 24, 2020My readers may be shocked to hear that I have been exceptionally busy lately, as the metals seem to be climbing to the moon. Naturally the stories I follow are trying to make hay while the sun shines so I am forced into ganging some of those stories together else I will never catch up. There are probably 1,500 juniors in Canada all clamoring for attention and I can...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort334,23767,80171,987129,690433,549535,914573,337Change from Prior Reporting Period 4,0322412,3913,7815,62220,20418,037Traders23067895771322198 Small Speculators LongShortOpen Interest 67,22429,801603,138 2,7594,92622,963 non reportable positionsChange from the previous reporting p...Read More
This week saw higher metal prices with the mining stocks performing well. Silver had an incredible week, being up >$1/oz. for two consecutive days. Silver reached on all-time high and had its best week in a long time. Like two weeks ago, there were countless financings for junior stocks again this week, which are listed below. Earnings should start to be reported in two weeks or so. Some compani...Read More
Gold prices surged over $1,900 an ounce on Friday morning -- up over 5% for the week.Gold could hit a new record high as early as today. However, it wouldn't necessarily be a bad thing if the market first pulled back a bit and established a base for its launch to $2,000 and above.https://silverseek.com/article/gold-hitting-all-time-highs-wow-look-silverRead More
We tend to spend a lot of time looking into the rearview mirror, especially when under duress.Connected to this is something psychologists call "recency bias." This simply means that what has happened in the near to intermediate past tends to inform and influence us as to how we should behave in the future.https://silverseek.com/article/gold-and-silver-markets-have-changed-what-about-youRead More
Dear Friend of GATA and Gold:London metals trader Andrew Maguire, interviewed this week by the TF Metals Report's Craig Hemke for Sprott Money, says the London Metal Exchange soon will offer a gold contract much more closely tied to physical delivery than competing contracts, putting heavy pressure on the "paper gold" system.Maguire also says:-- The gold/silver ratio will reduce to 63-1 and then...Read More
By: Ira EpsteinGold's 18-dma moving up nicely, a very hard break higher. Read More
Momentum is very bullish for gold and silver. Look for signs of weekly profit taking. If gold and silver do not see any weekly profit taking then chances of $1934.40 and $2425 will be very high today. Federal Reserve is Protecting the American brokers by broadened access to three of its lending facilities designed to provide a credit backstop to firms hurt in the coronavirus crisis, allowing bro...Read More
We’ve been micro-managing silver lately in NFTRH and NFTRH+ updates and that is for a reason. The reason is that gold’s wild little bro has been rallying – in what is turning out to be 5 clear waves – since the March crash.When that crash reversed, my view, and hence the NFTRH view was that it was likely to have been a horrifying shakeout of the silver bulls that due to its...Read More
Previously,I have shown how the Dow has actually outperformed silver and gold since thecreation of the Federal Reserve in 1913.Today, if silver had the same kind ofperformance as the Dow since around the creation of the Federal Reserve in1913, then it would have topped out at $225.20 [(29568.6/78.78)*.6). Yet, itonly topped out around $50 in 1980 and 2011.In 1973 silver was in a similar type ofpos...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort334,23767,80171,987129,690433,549535,914573,337Change from Prior Reporting Period 4,0322412,3913,7815,62220,20418,037Traders23067895771322198 Small Speculators LongShortOpen Interest 67,22429,801603,138 2,7594,92622,963 non reportable positionsChange from the previous reporting p...Read More
This week saw higher metal prices with the mining stocks performing well. Silver had an incredible week, being up >$1/oz. for two consecutive days. Silver reached on all-time high and had its best week in a long time. Like two weeks ago, there were countless financings for junior stocks again this week, which are listed below. Earnings should start to be reported in two weeks or so. Some compani...Read More
Gold prices surged over $1,900 an ounce on Friday morning -- up over 5% for the week.Gold could hit a new record high as early as today. However, it wouldn't necessarily be a bad thing if the market first pulled back a bit and established a base for its launch to $2,000 and above.https://silverseek.com/article/gold-hitting-all-time-highs-wow-look-silverRead More
We tend to spend a lot of time looking into the rearview mirror, especially when under duress.Connected to this is something psychologists call "recency bias." This simply means that what has happened in the near to intermediate past tends to inform and influence us as to how we should behave in the future.https://silverseek.com/article/gold-and-silver-markets-have-changed-what-about-youRead More