Jack ChanPosted Jun 15, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation is at levels of previous tops.Speculation is dropping.Our ratio is on SELL signal.GLD has resistance at 170.$HU...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 16, 2020Gold investors are eager to see the current price reaction end and a fresh uptrend begin.Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that’s a good sign. Pleaseclick here now. Double-click to enlarge t...Read More
By: Ira EpsteinGold is moving sideways, not in a trend. Swing point above at $1754.90..Read More
Fund manager Adrian Day discusses why he likes the proposed merger of Evrim Resources with Renaissance Gold, plus he names some companies on his buy list. Evrim Resources Corp. (EVM:TSX.V, 0.35) is merging with fellow junior prospect generator Renaissance Gold Inc. (REN:TSX), doubling the size of the company, to create Orogen Royalties, a self-defined "organic royalty generator." The merger bring...Read More
David Smith of The Morgan Report tells Maurice Jackson of Proven and Probable what he thinks about the current financial state of America, ways investors can protect themselves from the vagaries of modern times including reading "Common Sense 2.0" and mentions a few resource companies he finds worthwhile. Maurice Jackson: Today, we're going to discuss a very, very important topic and that is debt...Read More
Initially, Nexus Gold plans to drill over 1,000 meters to test several targets for mineralization potential. McKenzie Gold Project, Red Lake, Ontario, with phase one drill location in redIn a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it is getting a crew and the necessary equipment to its McKenzie gold project in Ontario's Red Lake District for its imminent drill program.D...Read More
Ely Gold Royalties will retain a 2% net smelter returns royalty on any future production there. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced in a news release that its subsidiary, Nevada Select Royalties, agreed to provide Provenance Gold an option to buy 30 unpatented lode mineral claims covering two miles of the White Rock gold project in Nevada.According to the agreem...Read More
X-Terra Resources recently completed a $22 million bought-deal financing. X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) began its 2020 exploration program its Troilus East property on northern Quebec's Frotet-Evans greenstone belt, it announced in a news release.In the campaign's first phase, the team will prospect and sample already defined targets and, if appropriate, conduct manua...Read More
Gold is original money. As such, it is the measure of value for everything else.Gold was money before the US dollar and other paper currencies. All paper currencies are substitutes for gold, i.e., real money.So, how much is money worth? Money is worth what you can buy with it. In my article A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold, I compared the cost to purchase bread and gasoline over...Read More
Before updating the status of the gold miner (HUI) correction, let’s take a quick review of the Macrocosm, because it’s always a good time to be clear on important macro considerations.The graphic makes the following points that are the foundation of the NFTRH view on the right/wrong times to be fundamentally bullish on the gold stock sector. In order of priority, a bullish view needs:...Read More
Bullish sentiment appears to have returned to the stock markets with a vengeance. In a historic rally that has taken even die-hard bulls by surprise, the S&P 500 has managed to claw back all of its 2020 losses, taking just 53 sessions for the index to fully restore the nearly $10T in value it shed in an epic bear market. The oil markets have been nearly as impressive.After entering negative te...Read More
By: Ira EpsteinGold is moving sideways, not in a trend. Swing point above at $1754.90..Read More
Gold is original money. As such, it is the measure of value for everything else.Gold was money before the US dollar and other paper currencies. All paper currencies are substitutes for gold, i.e., real money.So, how much is money worth? Money is worth what you can buy with it. In my article A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold, I compared the cost to purchase bread and gasoline over...Read More
Before updating the status of the gold miner (HUI) correction, let’s take a quick review of the Macrocosm, because it’s always a good time to be clear on important macro considerations.The graphic makes the following points that are the foundation of the NFTRH view on the right/wrong times to be fundamentally bullish on the gold stock sector. In order of priority, a bullish view needs:...Read More
Bullish sentiment appears to have returned to the stock markets with a vengeance. In a historic rally that has taken even die-hard bulls by surprise, the S&P 500 has managed to claw back all of its 2020 losses, taking just 53 sessions for the index to fully restore the nearly $10T in value it shed in an epic bear market. The oil markets have been nearly as impressive.After entering negative te...Read More
Strengths? The best performing precious metal for the week was gold, up 2.78 percent. After its 1.7 percent drop last Friday, gold rose back above $1,700 an ounce this week as investors took advantage of buying the dip. Commerzbank AG analyst Carsten Fritsch told Bloomberg that gold price declines are still seen as a buying opportunity. "Central banks are not expected to revers...Read More
- Dave Kranzler, Mining Stock Journal"No one ever loses equity in a bankruptcy case," U.S. Bankruptcy Judge David Jones said during a status conference in the J.C. Penney case last month. "Equity gets lost long before the case is filed."Hertz filed Chapter 11 under the U.S. Bankruptcy Code after the market closed on May 22nd. The filing was well telegraphed. The next day the stock took a cliff...Read More
Strengths? The best performing precious metal for the week was gold, up 2.78 percent. After its 1.7 percent drop last Friday, gold rose back above $1,700 an ounce this week as investors took advantage of buying the dip. Commerzbank AG analyst Carsten Fritsch told Bloomberg that gold price declines are still seen as a buying opportunity. "Central banks are not expected to revers...Read More