Dear Friend of GATA and Gold:How much of last week's smash in monetary metals prices was caused by what seems to be the primary explanation for it -- selling required to meet margin requirements for positions in other markets that were falling amid the worldwide virus panic?Surely there was some of that, but suspicion also must fall on governments and central banks seeking, as they long have don...Read More
Europeans are feeling like President Trump just dropped a COVID-19 economic bomb on the European Union. In response to his March 11th talk from the Oval Office, EU leaders said they did not see this coming. Was this a COVERT economic attack on the EU as some in the EU think?If you break down what President Trump said and did, it smells a bit like economic warfare that has capitalized on the coro...Read More
By: Ira EpsteinT.A. LOOK: Gold monthly chart: momentum pointing down, trend is up. Weekly chart: $1,535 / 18 week moving average was the support and it basically hit it on Friday. Weekly uptrend is over. Does not mean the market is bearish..Read More
Policy ShocksMy Best Guess on the FutureA Consumer-Led RecessionDon't Ask, Don't TestOne Major CaveatThe Right ThingNew York and Back to Puerto RicoI write this letter early Friday morning after a week in New York visiting with many fellow market participants. And lots of phone calls, both to analysts and medical experts. I had originally planned a completely different letter but circumstances c...Read More
I got pelted with garbage after the last (bearish) update was posted on the 1st because right after, gold zoomed back up following a $75.80 plunge, as we can see on its latest 3-month chart below, and this "swansong rally" even made it to a marginal new high, but it did not negate the bearish implications of the late February plunge. In the last update it was written "This kind of massive smackd...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-13, 2020$USA $EDV.to $EQX.to $FSM $FNV $WPM $KGC $MAX.to $OSK.to $PVG $NVO.V America's Gold and Silver Corp: Reported FY 2019 production of 5.8m AgEq oz, though only 1.2m oz. of that was actual silver ounces, the rest being base metals converted to silver equivalent. 2019 was a transition year for the company as it r...Read More
Richard (Rick) Mills, Ahead of the herdOne of the worst weeks on Wall Street mercifully ended on Friday.S&P 500DJIANasdaqAfter multiple sessions of panic selling, the markets caught an up-draft after US President Trump declared a national emergency over the coronavirus, thus freeing up $50 billion in federal aid to help contain the rapid spread of the pandemic. As stocks accelerated gains in...Read More
Gary Tanashian, NFTRHBelow is a monthly chart of HUI telling some stories of the past.The 2003 to 2008 bull rally ended with Huey's "crown of thorns" as I used to call it back then. An H&S that formed at the end of a great inflationary phase in the markets.The great crash of 2008 (Armageddon '08) was completely deserved because as I've belabored for so many years now, you don't buy gold stocks...Read More
By Avi GilburtI have to tell you that the last 6 months in this market have been the most unusual of my career as a public analyst. And I tried warning many of you of the potential, yet most chose to deride my perspective, as many got suckered into the biggest fake-out I have ever seen in the market.In my analysis published on emerging markets back in early February entitled "Sentiment Speaks: E...Read More
Dear Friend of GATA and Gold:How much of last week's smash in monetary metals prices was caused by what seems to be the primary explanation for it -- selling required to meet margin requirements for positions in other markets that were falling amid the worldwide virus panic?Surely there was some of that, but suspicion also must fall on governments and central banks seeking, as they long have don...Read More
Europeans are feeling like President Trump just dropped a COVID-19 economic bomb on the European Union. In response to his March 11th talk from the Oval Office, EU leaders said they did not see this coming. Was this a COVERT economic attack on the EU as some in the EU think?If you break down what President Trump said and did, it smells a bit like economic warfare that has capitalized on the coro...Read More
By: Ira EpsteinT.A. LOOK: Gold monthly chart: momentum pointing down, trend is up. Weekly chart: $1,535 / 18 week moving average was the support and it basically hit it on Friday. Weekly uptrend is over. Does not mean the market is bearish..Read More
Policy ShocksMy Best Guess on the FutureA Consumer-Led RecessionDon't Ask, Don't TestOne Major CaveatThe Right ThingNew York and Back to Puerto RicoI write this letter early Friday morning after a week in New York visiting with many fellow market participants. And lots of phone calls, both to analysts and medical experts. I had originally planned a completely different letter but circumstances c...Read More
Bob Moriarty ArchivesMar 16, 2020We have sailed off the map of the known world into totally uncharted waters. No one, including me, knows exactly where we are or where we are headed. Buthic sunt draconesis an excellent warning, here be dragons. If I was still flying and needed to give a brief to my passengers, I’d be saying, “I have some good news and some bad news. First the bad news....Read More
Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More
Steve St. Angelo, SRSrocco Report The world is heading towards a global depression, but the market hasn't quite figured it out yet. Unfortunately, many analysts and economists continue to believe that the worldwide contagion will be generally short-lived, suggesting growth will return in the second half of the year. A perfect example is the overly optimistic forecasts of global oil demand by...Read More
Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More
The findings come from Maya Gold & Silver's 2020 exploration program, in progress. In a news release, Maya Gold & Silver Inc. (MYA:TSX.V) reported recent results from the 2020 drill program underway at its Zgounder silver project in Morocco.The Canadian company's drilling focused on the Eastern zone, which has never been explored and which corresponds to a virgin zone of about 200 x 150 meters (2...Read More
Falcon Gold reported that it received an exploration drill permit for 20 drill pad locations at its Ontario project. In a news release, mineral exploration company Falcon Gold Corp. (FG:TSX.V) announced that "it has received an exploration and drill permit to carry out activities on its gold, silver and copper prospects on its central Canada project in Atikokan, Ontario." The firm indicated that...Read More
Shares of Alamos Gold traded 15% higher after the firm reported that it has repurchased a 3% net smelter return royalty on its Island Gold mine located in northern Ontario. Intermediate gold producer Alamos Gold Inc. (AGI:TSX; AGI:NYSE) today announced that "it has entered into an agreement to acquire and cancel a 3% net smelter return royalty payable on production from the Island Gold mine for t...Read More