Liberty Gold is also gradually scaling up its 2020 drilling at the project. In a news release, Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced it expanded its land package at its Black Pine project in Idaho by staking two additional parcels encompassing 122 claims."It was imperative, given the scale of the main Black Pine oxide gold discovery, to secure all relevant ground in the district," P...Read More
I am afraid I have got some bad news for all the Silver bugs out there, for the gold / silver ratio chart makes it crystal clear that Silver is NOT a safe haven precious metal. Yes you may still call it a precious metal but it is NOT GOLD! That's for sure! So come to terms with the fact that Silver given the facts on this chart is NOT a safe haven. For if Silver were a safe haven the Gold / Silver...Read More
Thesad truth is that few people really know very much about gold, especially whenit comes to investing in the metal. They don’t understand what makes it sovaluable and unique, and they know even less what moves its price. Since Idon’t want to spend an hour on why it is so precious, I’ll just try and sum itup in a sentence: Gold is extremely rare, beautiful, portable, transferable...Read More
Some might say “Silver’s performance over the past several weeks has been nothing short of phenomenal.” Others talk and act as if all of their wildly crazy price predictions have already come true.The chart (source) below is a one-year history of daily prices for SLV (Silver ETF)… As of this writing, SLV is up forty-eight percent since striking its most recent low of $10.8...Read More
The most recent U.S. jobs report, which he believes is bound for revision, has Michael Ballanger musing on how economic policies are reflected—or distorted—in the precious metals markets.I was sitting in my den looking out over the swamp—er—lake tonight when it appeared as though something was flailing around near the shoreline. So I threw on my deck shoes and went for a st...Read More
By: Gary Savage Gold attacked last Friday, right on que. Gold is churning $1800 resistance zone. Banks still stuck in this huge short position:https://blog.smartmoneytrackerpremium.com/Read More
David Haggith The first graph gives you a glimpse of the "huge jobs rebound" that shocked the stock market into spurting past its 200 DMA barriers because retail investors and algos aren't looking past the headlines.The second graph below shows you what a tiny difference that made to the total number of jobs that were lost:Some recovery, huh?In broader context, that looks like this:Why the drama...Read More
By: Ira EpsteinGold is $20 from new close highs! Gold negated downtrend on Tuesday, Wednesday trying to build an uptrend. The $1733 area is support on the 18-dma:Read More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More
LONDON, 11 June 2020 - Comment and analysis from BullionVault features today in a report on how the Covid Crisis has affected the global gold market from the Wall Street Journal, the US financial newspaper of record.With the number of flights between the trading hubs of London and New York shrinking dramatically thanks to lockdowns and a collapse in passenger demand, "the disruption could erode Ne...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe bullion banks - at least on the Comex - have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet increasing long-side counterparty delivery demands.Chris Marcus of Arca...Read More
By: Ira EpsteinOil API data not bullish, not consistent draws. Gold having a good start to the week, August chart breaks to neutral pattern..Read More
The Nasdaq closed above 10,000 for the first time everAnother big day for the Nasdaq -- the index managed to lock in a close above 10,000 for the first time ever -- driven by a surge out of the tech sector. Meanwhile the S&P 500 erased earlier gains, while the Dow ended the day 280 points lower, after the Federal Reserve said it will keep interest rates near zero until there is confidence the eco...Read More
Adobe is set to post earnings after the close tomorrowComputer software name Adobe Inc (NASDAQ: ADBE) is up 2.8% to trade at $408.15 this afternoon, after clocking its fifth consecutive all-time high of $407.06 earlier today. The positive price action comes just one day ahead of its fiscal second-quarter earnings report, which is due out after the close tomorrow, June 11. Adobe stock's impressi...Read More
Transocean options are trading at three times the average intraday volumeOil and gas drilling company Transocean Ltd (NYSE:RIG) is taking a steep fall on the charts today -- alongside much of the energy sector -- pulling back after the Organization for Petroleum and Energy Countries' (OPEC) production cut announcement caused a Monday surge. RIG is down 13.3% to trade at $2.48 at last check, headin...Read More
Plus, HRL options are affordably pricedThe shares of Hormel Foods Corp (NYSE:HRL) nabbed a record high of $51.53 on march 18 while most of U.S. equities were selling off. Today, the company entered into an underwriting agreement according to the Securities and Exchange Commission (SEC), while Vice President James M. Splinter sold 40,000 shares of HRL, according to an SEC filing. As HRL continues...Read More
ZS' options can be had for a bargain at the momentWhile software name Zscaler Inc (NASDAQ:ZS) has taken a breather since its well-received earnings report sent it soaring to fresh highs earlier this month, there's plenty of evidence ZS is primed for another rally. For one, ZS' post-earnings bull gaps have often been followed by a brief pullback, plus, this most recent breather has found some suppo...Read More
A big drop for Boeing is dragging the blue-chip index lowerThe S&P 500 Index (SPX) has erased its earlier gains to join the Dow Jones Industrial Average (DJI) in the red this afternoon, as investors anticipate the latest economic update from the Federal Reserve due out latertoday. The blue-chip index is off over 200 points, dampened by Boeing's (BA) 6% midday deficit. Tech stocks, meanwhile, are...Read More
ABBV hit an 18-month high out of the gate todayThe shares of biopharmaceutical company AbbVie Inc (NYSE:ABBV) are up 2.1% at $98.16 at last check, after announcing an oncology collaboration with Genmab (GMAB). The companies will work together to develop three of Genmab's bispecificantibodies, as well as a collaboration for future antibody therapeutics to treat cancer. AbbVie will pay Genmab $750...Read More
The hospitality giant is adding Luxor, Mandalay Bay, Four Seasons Las Vegas and ARIA to the list of open resortsThe shares of MGM Resorts International (NYSE: MGM) are down 4.5% at $21.04 this morning, after the hospitality giant announced it would open more resorts by July 1, including Luxor, Mandalay Bay, Four Seasons Las Vegas, and ARIA. Guests will be able to enjoy the pool areas and fine din...Read More