StrengthsThe best performing metal this week was platinum, up 5.65 percent, due to stronger retail buying. Gold and silver rose on Friday morning on safe haven buying. U.S.-China relations remain tense and China announced that it will impose new security laws on Hong Kong. Palladium rose the most since March, holding above $2,000 an ounce on Monday, due to renewed optimism about China's economy...Read More
Keith Weiner, Monetary MetalsThe price of gold dropped a few bucks this week, but the price of silver jumped about half a buck. The drumbeat for the gold bull market is well underway, and it is beginning now for silver. So let's do a quick update on the supply and demand fundamentals.Here is the graph of the gold basis.The basis has come in quite a bit but it is still 3.6% annualized. We do not...Read More
A recent newspaper article about superspreaders -- stadium events, concerts and outdoor festivals that effectively bathe crowds in Covid-19 -- noted that a boisterous fan can spew viral particles that remain airborne for as long as 12 minutes. There's additional evidence that when we steep in this microscopic spume for a couple of hours as occurs when crowds are densely seated, it increases t...Read More
With the deal, Ely Gold Royalties will gain a 3% net smelter returns royalty on future production. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced in a news release that its subsidiary, Nevada Select Royalties, agreed to buy 48 unpatented lode mineral claims spanning one mile of the Olympic Gold property in Nevada's Mineral County from Great Western Mining for $150,000.Alon...Read More
Sector expert Michael Ballanger considers what the post-pandemic world could look like in the aftermath of central bank actions. As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of it...Read More
The silvermarket is on the move. In fact, it’s finally moving out ahead of otherprecious metals and showing some real leadership. After the panic selling of March briefly brought spot silverbelow $12/oz, prices have since surged by 50%. That’s an impressive move totake place within the span of just two months.The question for investors now is whether the recent rally insilver is fleeti...Read More
Before we look at tonights charts I would like to go over some challenges that we’ll face as the current impulse move in the PM complex continues to move higher. It’s not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I’ve witnessed over the years, especially with PM stock investors, is they grow complacent...Read More
By Stefan GleasonThe China virus, the economic lockdowns, and the multi-trillion-dollar rescue efforts of central bankers have dominated markets over the past three months.However, as lockdowns gradually lift and the 2020 election draws nearer, investors will begin to focus more on political developments.The once-strong economy that President Donald Trump had hoped would propel him to re-electio...Read More
Graceland Updates By Stewart Thomson 1. Gold drifts sideways in typical weak season trading, silver looks better, and the miners look awesome!2. Please click here now. Double-click to enlarge this gold chart. It's clear that both upside and downside breakouts are failing, and the gold price continues to ooze sideways. 3. A rectangle pattern is in play. The good news is t...Read More
StrengthsThe best performing metal this week was platinum, up 5.65 percent, due to stronger retail buying. Gold and silver rose on Friday morning on safe haven buying. U.S.-China relations remain tense and China announced that it will impose new security laws on Hong Kong. Palladium rose the most since March, holding above $2,000 an ounce on Monday, due to renewed optimism about China's economy...Read More
Keith Weiner, Monetary MetalsThe price of gold dropped a few bucks this week, but the price of silver jumped about half a buck. The drumbeat for the gold bull market is well underway, and it is beginning now for silver. So let's do a quick update on the supply and demand fundamentals.Here is the graph of the gold basis.The basis has come in quite a bit but it is still 3.6% annualized. We do not...Read More
A recent newspaper article about superspreaders -- stadium events, concerts and outdoor festivals that effectively bathe crowds in Covid-19 -- noted that a boisterous fan can spew viral particles that remain airborne for as long as 12 minutes. There's additional evidence that when we steep in this microscopic spume for a couple of hours as occurs when crowds are densely seated, it increases t...Read More
We must understand one thing. This is an absolutely all-out major assault upon capitalism being led by the Socialists in union with the Climate Change and the Gates Foundation which has also been pushing the democratization of paper money. This means they are no about to allow any alternative to their agenda. This goes beyond the massive voter fraud we see coming for the 2020 election in the...Read More
Proposal Received for a Pre-Feasibility StudyBased on internal updated resource prices, Copper King's Preliminary Economic Assessment (PEA) has a projection of pre-tax cash flow of $510.54 million, NPV of $321.6 million, and 52% pre-tax annual IRR at $1600/oz. goldELKO, Nevada, May 26, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company") a gold exploration and development company,...Read More
The silvermarket is on the move. In fact, it’s finally moving out ahead of otherprecious metals and showing some real leadership. After the panic selling of March briefly brought spot silverbelow $12/oz, prices have since surged by 50%. That’s an impressive move totake place within the span of just two months.The question for investors now is whether the recent rally insilver is fleeti...Read More
Before we look at tonights charts I would like to go over some challenges that we’ll face as the current impulse move in the PM complex continues to move higher. It’s not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I’ve witnessed over the years, especially with PM stock investors, is they grow complacent...Read More
The silvermarket is on the move. In fact, it’s finally moving out ahead of otherprecious metals and showing some real leadership. After the panic selling of March briefly brought spot silverbelow $12/oz, prices have since surged by 50%. That’s an impressive move totake place within the span of just two months.The question for investors now is whether the recent rally insilver is fleeti...Read More
Before we look at tonights charts I would like to go over some challenges that we’ll face as the current impulse move in the PM complex continues to move higher. It’s not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I’ve witnessed over the years, especially with PM stock investors, is they grow complacent...Read More
The silvermarket is on the move. In fact, it’s finally moving out ahead of otherprecious metals and showing some real leadership. After the panic selling of March briefly brought spot silverbelow $12/oz, prices have since surged by 50%. That’s an impressive move totake place within the span of just two months.The question for investors now is whether the recent rally insilver is fleeti...Read More