COLORADO SPRINGS, CO, May 05, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported consolidated production results for the first quarter ended March 31, 2020 of 10,142 ounces of gold and 407,625 ounces of silver. In addition to precious metals, the Company produced base metals resulting in net revenue of $28 million and...Read More
Graceland Updates By Stewart Thomson 1. Please click here now. Switzerland loves bunkers and Switzerland loves gold.2. The simple difference between the Swiss government and the US government is that the Swiss government loves to prepare its citizens for hardship, and America's government leaves its citizens totally unprepared for hardship, while engaging in relentless debt-funde...Read More
Sector expert Michael Ballanger reflects on how Rodney Dangerfield's famous one-liner applies to today's gold market.Rodney Dangerfield Wikimedia CommonsIn March 1967, for most of the adult population in North America, the most popular comedians were almost all television series personalities, such as Carol Burnett, Buddy Ebsen and Dick Van Dyke. These stars were the softcore comics enjoyed by t...Read More
Steve St. Angelo, SRSrocco Report With North Dakota Bakken oil production down more than 30%, the death of the mighty shale region has begun. There is no way for the companies producing shale oil in the Bakken to recover from this global contagion overnight collapse. Yes, it virtually happened overnight. Since March 1st, the Bakken has seen at least 400,000 barrels per day of production s...Read More
By: Ira EpsteinGold's action is not bad! You can see the short-term daily chart show the downtrend in the short-term, to break out of the pattern, gold would need to get over $1737:Read More
There will be a sell off if gold and silver fall today. Crude oil is bullish. There will be renewed short term hot money in crude oil (long positions) if crude oil rises till Thursday. Gold is somehow managing to float over $1700. Corrections up to $1650 will be a part of the bullish trend. Short term bearish trend will be there only if gold falls below $1650. Day traders and jobbers need to rem...Read More
Here's what usually occurs in related financial markets when "big changes in social mood are afoot"Related financial markets tend to move together. For example, gold and silver.Or, consider stocks. When the Dow Industrials are up on agiven trading day, the NASDAQ is usually in the green too. The same applies when the Dow is down. Other major stock indexes tend to close in negative territory as we...Read More
Precious metals markets enter the month of May with somemixed signals near term. But thelong-term picture continues to look constructive. All the metals appear to have put in majorbottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economiclockdowns, the gradual reopening of state, local, and national economies shouldstart to unleash more...Read More
Silver is poweringhigher in a new bull market after getting clobbered in March’s stock panic. Investors have been flocking back to silverin the aftermath of that ultra-rare extreme-fear event. That brutal selloff also utterly wiped out speculators’upside bets in silver futures, giving them massive room to buy back in. After being pummeled to record-low levelsrelative...Read More
Precious metals markets enter the month of May with somemixed signals near term. But thelong-term picture continues to look constructive. All the metals appear to have put in majorbottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economiclockdowns, the gradual reopening of state, local, and national economies shouldstart to unleash more...Read More
Silver is poweringhigher in a new bull market after getting clobbered in March’s stock panic. Investors have been flocking back to silverin the aftermath of that ultra-rare extreme-fear event. That brutal selloff also utterly wiped out speculators’upside bets in silver futures, giving them massive room to buy back in. After being pummeled to record-low levelsrelative...Read More
Here's what usually occurs in related financial markets when "big changes in social mood are afoot"Related financial markets tend to move together. For example, gold and silver.Or, consider stocks. When the Dow Industrials are up on agiven trading day, the NASDAQ is usually in the green too. The same applies when the Dow is down. Other major stock indexes tend to close in negative territory as we...Read More
Precious metals markets enter the month of May with somemixed signals near term. But thelong-term picture continues to look constructive. All the metals appear to have put in majorbottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economiclockdowns, the gradual reopening of state, local, and national economies shouldstart to unleash more...Read More
Silver is poweringhigher in a new bull market after getting clobbered in March’s stock panic. Investors have been flocking back to silverin the aftermath of that ultra-rare extreme-fear event. That brutal selloff also utterly wiped out speculators’upside bets in silver futures, giving them massive room to buy back in. After being pummeled to record-low levelsrelative...Read More
By: Gary SavageI have all the confirmations that I need to see that gold is moving into a daily cycle low. The buying opportunity for the trade of the year..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More
Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More
Big gains for the tech sector helped Wall Street pare steep lossesThe Dow pared a 250-point deficit at its session lows to finish marginally higher in the final minutes of trading. The S&P 500 and Nasdaq also clawed their way into the black, brushing off anxieties over newly bubbling tensions between the U.S. and China, as well as a dismal day for the airline sector. Big tech appears to have saved...Read More
Options bears are targeting AAL and DAL as the air line sector sells off The airline sector is reeling today, and dragging the broader market down with it, following Warren Buffet-owned Berkshire Hathaway's (BRK.A) decision to drop all of its airline sector holdings. This includes Delta Air Lines, Inc. (NYSE:DAL) and American Airlines Group Inc (NASDAQ:AAL). The news has sparked wild trading in th...Read More
AAPL sports attractively priced options to bootThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. One name that sticks out in particular is FAANG name Apple Inc (AAPL). Below, we'll take a closer look at...Read More