Mark Zuckerberg said he would explore ideas to advance racial justice and voter engagement on the platformThe shares of Facebook, Inc. (NASDAQ: FB) are down 0.05% at $229.62 this morning, after CEO Mark Zuckerberg announced on Friday he would review the social platform's content policies and explore ideas to advance racial justice and voter engagement. Until then, Zuckerberg had maintained he woul...Read More
Thor Industries' third-quarter profits and revenue were better than Wall Street expectedThor Industries, Inc. (NYSE:THO) stepped up to the earnings plate this morning and knocked it out of the park, reporting fiscal third-quarter profits of 43 cents on revenue of $1.68 billion, both of which came in higher than Wall Street's estimates. Additionally, the recreational vehicle manufacturer said it w...Read More
The equity hit a record high atop the $331 level last weekApple Inc. (NASDAQ:AAPL) stock is taking a step back from Friday's all-time highs atop the $331 level, off 0.2% at $330.70 at last check. This move comes amid news that users of the tech giant's Apple Card will soon be able to pay for some of its products, including iPads and AirPods, in monthly, interest-free increments. Users with an Appl...Read More
Dow futures are up over 200 points this morningFutures on the Dow Jones Industrial Average (DJI) are up over 200 points above fair value this morning, bolstered by continued economic reopenings across the U.S. S&P 500 Index (SPX) futures are inching higherwhile Nasdaq-100 Index (NDX) futures struggle for direction, as optimism carries over from Friday's record-breaking highs in the wake of an u...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 47h year in the gold businessJUNE 2020By Michael Kosares, USAGOLD"To propose a return of inflation is to be inflammatory," writes Lightman Investment Management's Rob Burnett in an opinion piece for the Financial Times. "Investors are committed to a deflationary thesis and such is their fervor tha...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price was up a small handful of dollar by around 8:30 a.m. China Standard Time on their Friday morning...but then the selling pressure commenced. It continued quietly lower until it touched the $1,700 spot mark around 11:15 a.m. in London -- and then jumped a bit higher at that point. The unbelievable jobs report hit the tape at 8:30...Read More
Dear Friend of GATA and Gold:A European friend well known to us who prefers not to fall under even more surveillance in his own country sends the observations below, for which your secretary/treasurer will take the responsibility of sharing with you.His main point -- that huge volatility will be injected into the gold market to facilitate government intervention elsewhere in the world financial...Read More
By: Ira EpsteinGold has strong support around $1653.50+ / 18 week moving average. Momentum rolled over. Read More
Double EffectSecondary ConsequencesEven if We Get a Vaccine...Bottom LineShould you wear a mask in public? This seemingly simple question immediately generates emotional, political, and social anxiety.It is just one of many provocative questions COVID-19 is forcing upon us. They should be simple, data-driven policy issues but many are not.Today's letter is in a different format from the usual T...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 47h year in the gold businessJUNE 2020By Michael Kosares, USAGOLD"To propose a return of inflation is to be inflammatory," writes Lightman Investment Management's Rob Burnett in an opinion piece for the Financial Times. "Investors are committed to a deflationary thesis and such is their fervor tha...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price was up a small handful of dollar by around 8:30 a.m. China Standard Time on their Friday morning...but then the selling pressure commenced. It continued quietly lower until it touched the $1,700 spot mark around 11:15 a.m. in London -- and then jumped a bit higher at that point. The unbelievable jobs report hit the tape at 8:30...Read More
Dear Friend of GATA and Gold:A European friend well known to us who prefers not to fall under even more surveillance in his own country sends the observations below, for which your secretary/treasurer will take the responsibility of sharing with you.His main point -- that huge volatility will be injected into the gold market to facilitate government intervention elsewhere in the world financial...Read More
By: Ira EpsteinGold has strong support around $1653.50+ / 18 week moving average. Momentum rolled over. Read More
Double EffectSecondary ConsequencesEven if We Get a Vaccine...Bottom LineShould you wear a mask in public? This seemingly simple question immediately generates emotional, political, and social anxiety.It is just one of many provocative questions COVID-19 is forcing upon us. They should be simple, data-driven policy issues but many are not.Today's letter is in a different format from the usual T...Read More
Technical analyst Clive Maund discusses the factors he sees weighing on precious metals in the near term. The precious metals sector is now set up for a correction that could be quite severe, which is evident on the charts, but also made more likely by the fundamentals where we see a return to "risk on" as a result of ongoing massive money injection by the Fed coupled with this being a seasonally...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss movements in the gold markets since the onset of the coronavirus pandemic. In mid-January, 2020, COMEX open interest (OI) set a new record of nearly 800,000 contracts. Swap dealers as usual supplied the market by going short 205,679 contracts on January 14, also a record. They probably expected to reduce their risk by purchasing ph...Read More
Greg Johnson, chairman and CEO of Metallic Minerals, talks with Maurice Jackson of Proven and Probable, about the Metallic Minerals' drill results, as high as 7,459 g/t silver, at the Keno Silver Project in the Yukon. Maurice Jackson: Joining us for our conversation today is Greg Johnson, of the Metallic Group of Companies. here to discuss some exciting updates that are occurring simultaneously a...Read More
The gold miners’ stocksjust rolled over into a correction, raising concerns about the staying power oftheir massive post-panic upleg. Thesehigher prevailing gold prices have driven very-strong fundamentals at the goldminers. But they are entering the seasonally-weaksummer doldrums. And current sentimentand technicals play major roles in governing when uplegs remain healthy...Read More