Dave Kranzler"Bad money drives out good money." When Gresham put forth this proposition, sovereigns were diluting gold and silver coins with metals of lesser value yet the diluted coins were given the same value for legal tender purposes as the more pure coins. Gresham observed that the more pure coins would be hoarded and the lesser value coins would be used for trade.Sound familiar? Go fin...Read More
By: Ira EpsteinGold's long-term chart shows the support at the 18-week average, market remains in a positive posture from the bounce, back to challenging its highs.https://www.iraepstein.comRead More
All in the BattleSmall Business HelpBye-Bye, BuybacksChina PuzzleGlobal RecessionLightning RoundFinal ThoughtsA Personal MemoryIn times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists. Eric HofferGreetings from Puerto Rico, where this frequent traveler is evidently home for an unusually long time.I want to st...Read More
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." Alan Greenspan, American economist, Former Chair of the Federal Reserve 1987-2006, firm Greenspan Associates LLC; b. 1926 "Gold is a currency. It is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it...Read More
By Clint SiegnerLondon Bullion Market Association (LBMA) officials have loudly proclaimed there are plenty of gold bars in LBMA and COMEX vaults to meet surging demand from buyers.Unfortunately for them, confidence is particularly fragile these days and cracks are starting to appear. Which is why anxious officials there issued not one, but two memos last week in an attempt to reassure traders.I...Read More
Strengths? ? The best performing precious metal for the week was gold, off only 0.45 percent. The yellow metal is continuing its strong showing. Gold futures had its sixth straight quarterly gain in the first three months of this year - the longest stretch of gains since 2011. Bullion rose 4.8 percent in the first quarter. Last week, the gold market was thrown into turmoil as logis...Read More
The stock market wafted last week into a psychologically surreal zone somewhere between terror and, if not greed, then at least jittery optimism. How can stocks rally at all when no one can predict whether the deadly spread of coronoavirus is about to overwhelm America as it did Italy? The economic picture remains just as murky, since odds the global economy will fall into a full-blown depressio...Read More
The recent range trade in gold and silver will be broken soon and a new range will be formed. Physical gold supplies are expected to rise with Swiss gold refiners opening. I am doubtful whether they will be able to meet the current demand. Gold mines supplies are less. Russia has said that it's central bank will not buying gold at the moment. Russia will sell it mined gold in the market. Russia'...Read More
Outcrop Gold is wholly focused on its Colombia properties that have a long history of high-grade production. Outcrop Gold's Colombia ProjectsOutcrop Gold Corp.'s (OCG:TSX.V; MRDDF:OTCPK; MRG1:FSE) coffers and profile received a boost in February when veteran investor Eric Sprott took a $1 million stake in the company. Outcrop, a prospect generator that is also conducting in-depth exploration, hol...Read More
Southern Silver Exploration Corp. has agreed to purchase the El Sol mineral claim in Durango for US$300,000. In a news release, Southern Silver Exploration Corp. (SSV:TSX.V; SSVFF:OTCQB; SEG1:FSE) announced that "it has entered into an agreement with Monarca Minerals Inc. (MMN:TSX.V) to purchase the El Sol mineral claim in Durango, Mexico."The company advised that the claim is situated contiguous...Read More
With his portfolio "solidly anchored" in silver and gold, sector expert Michael Ballanger opines on how bankers and politicians can manipulate markets. As a child, I used to get quite excited at the prospect of having my English "Gran" read me the Hans Christian Andersen book "The Emperor's New Clothes." I found the tale fiendishly amusing, as the charlatan tailor uses lethal doses of flattery an...Read More
Gold miners’ stocks haveendured epic volatility in this past month, literally crashing before blasting backhigher in a violent V-bounce. That precedingwicked capitulation flush savagely forced the weak hands out, paving the wayfor gold stocks’ next major upleg. The resultingfierce rebound signals it is already underway, with plenty of speculators andinvestors now chasing th...Read More
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." Alan Greenspan, American economist, Former Chair of the Federal Reserve 1987-2006, firm Greenspan Associates LLC; b. 1926 "Gold is a currency. It is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it...Read More
By Clint SiegnerLondon Bullion Market Association (LBMA) officials have loudly proclaimed there are plenty of gold bars in LBMA and COMEX vaults to meet surging demand from buyers.Unfortunately for them, confidence is particularly fragile these days and cracks are starting to appear. Which is why anxious officials there issued not one, but two memos last week in an attempt to reassure traders.I...Read More
Strengths? ? The best performing precious metal for the week was gold, off only 0.45 percent. The yellow metal is continuing its strong showing. Gold futures had its sixth straight quarterly gain in the first three months of this year - the longest stretch of gains since 2011. Bullion rose 4.8 percent in the first quarter. Last week, the gold market was thrown into turmoil as logis...Read More
The stock market wafted last week into a psychologically surreal zone somewhere between terror and, if not greed, then at least jittery optimism. How can stocks rally at all when no one can predict whether the deadly spread of coronoavirus is about to overwhelm America as it did Italy? The economic picture remains just as murky, since odds the global economy will fall into a full-blown depressio...Read More
The recent range trade in gold and silver will be broken soon and a new range will be formed. Physical gold supplies are expected to rise with Swiss gold refiners opening. I am doubtful whether they will be able to meet the current demand. Gold mines supplies are less. Russia has said that it's central bank will not buying gold at the moment. Russia will sell it mined gold in the market. Russia'...Read More
Gold miners’ stocks haveendured epic volatility in this past month, literally crashing before blasting backhigher in a violent V-bounce. That precedingwicked capitulation flush savagely forced the weak hands out, paving the wayfor gold stocks’ next major upleg. The resultingfierce rebound signals it is already underway, with plenty of speculators andinvestors now chasing th...Read More
Gold miners’ stocks haveendured epic volatility in this past month, literally crashing before blasting backhigher in a violent V-bounce. That precedingwicked capitulation flush savagely forced the weak hands out, paving the wayfor gold stocks’ next major upleg. The resultingfierce rebound signals it is already underway, with plenty of speculators andinvestors now chasing th...Read More
Larry LaBordePosted Apr 5, 2020“Boot strapping” is an electrical term used to perform a “black start” or a complete “cold start” of a complex electrical grid after a catastrophic failure.The East Coast blackout of 1965 was one such occurrence.Another was on the Gulf Coast after hurricane Rita.More recently the complete electrical failure in Venezuela illustrates...Read More