Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. Continue...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
"There is no free market. There is nothing anymore. Everything has been taken over."Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the U...Read More
Which leaves the oil price as a rare indicator of what's real. Unemployment claims are real too. They've jumped 26mm in the two months since stocks hit all-time highs.Continue...Read More
A US default would be economic suicide, collapse the US dollar, collapse the stock market and throw the entire global currency system into chaos.Continue...Read More
The Fed is back to its same ole bait and switch routine.Yesterday, the Federal Reserve issued a press release, which, on Continue...Read More
Based on mainstream news coverage alone, for instance, you'd likely never know that organizers and tenants in New York are preparing the largest coordinated rent strike inContinue...Read More
The pressure on the LBMA and the COMEX has not let up, and with premiums for physical silver remaining elevated, you start to wonder if at some point there will be pressure on the COMEX physical delivery mechanism.Fortunately, in this week's Gold and Silver Market Update with Dave Kranzler of Investment Research Dynamics, we discussed the latest developments on the exchanges, whether there will be...Read More
Tavi Costa of Crescat Capital joins Tom to discuss the debt distortion in the markets. Tavi doesn't expect a V-shaped recovery, and he says, "They have never been this bullish on gold and silver." He feels that China and Hong Kong are in massive credit bubbles that will burst. We are currently in a liquidity trap as the world has lost 50 trillion in market cap from February to the bottom in March....Read More
Bob Moriarty ArchivesApr 27, 2020Every crisis needs a good name to be memorable. The events of September 11th, 2001 were a natural to be 911. But what do we call our current crisis to really reflect reality and be memorable at the same moment?It began as the Corona Virus. But should that be Corona Virus with a space or better put as Coronavirus? There seemed to be no consensus so the media and pub...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12April 27, 2020 The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future...Read More
COLORADO SPRINGS, CO, April 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of one-third of a cent per common share for April 2020 payable on May 26, 2020 to shareholders of record as of May 11, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with oper...Read More
Physical gold continued to catch a bid last week, trading above $1,760 an ounce, on a host of head-spinning economic news, from millions more Americans filing jobless claims to record money-printing to negative oil prices. The national average price for a gallon of gasoline fell further to $1.78 on Friday, down more than $1 a gallon from a year ago. But the lowest price in the country may belong...Read More
Strengths? The best performing metal this week was gold, up 2.78 percent. ETFs added 36,334 troy ounces of gold to their holdings on Thursday, bringing this year's net purchases to 12.2 million ounces, according to Bloomberg data. That marks the 24th straight day of increases for ETFs backed by the yellow metal. Newmont, the world's largest gold company, increased its quarterly d...Read More
No one anticipated negative crude oil even in the wildest of the dreams. A whooping negative -$40.32 was historic. The coming generations will have a chapter in their MBA course as to why crude oil prices reached -$40.32. The trading lesson is simple, when price move as per fundamentals, never trade against it. Silver has not risen as it is an industrial metal. Investment demand for silver lags...Read More
Nexus Gold announced the agreement for its newly acquired asset. In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it entered an agreement to option its Dorset gold project in Newfoundland to Leocor Ventures for $2.75 million in cash and expenditures.Per the definitive agreement, Leocor, a Vancouver-based minerals explorer, will be able to acquire up to a 100% interest in Nex...Read More
Pretium Resources reported that it filed an updated technical report for its Brucejack Mine and stated that it will announce Q1/20 earnings on April 30, 2020. Pretium's Brucejack MineIn a news release, Vancouver-based intermediate gold producer Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced that it has submitted an updated Mineral Reserve and Mineral Resource and Life of Mine Plan for the B...Read More
The Critical Investor discusses recent developments at the company that is exploring the Goliath Gold Project in Ontario. Treasury MetalsLike most projects around the world, Treasury Metals Inc. (TML:TSX; TSRMF:OTCBB) is temporarily slowing down and shutting down drilling at its Goliath Gold project in Ontario, caused by the omnipresent COVID-19 pandemic, but as it has been completing over half o...Read More
Though sector expert Michael Ballanger's focus is on the precious metals, given current market conditions he sees potential in oil as well. Before I get started on my weekly commentary, I want to thank you all for the waterfall of responses to A Boomer's Plea posted last weekend, in what I must confess was my most impassioned missive of a multi-decade writing career. Speaking out as a member of...Read More