News that OPEC's Friday talks with Russia collapsed is sparking a massive price war, sending old futures plummetingStocks are dramatically selling off in pre-market trading, with all three indexes looking to open with losses of 4.5% or more. Dow Jones Industrial Average (DJI) futures are erasing last weeks modest win, off over 1,200 points. For the last few weeks this selloff has been tied to anx...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMBy Ed Steer07 March 2020 -- Saturday YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMGold's two tiny rallies in Far East trading on their Friday were dealt with in the usual manner. But starting about fifteen minute before the London open, a rally of some substance appeared. That was capped at, or just before, the 10:30 a.m. GMT morning g...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-6, 2020$AUN.v $BCM.V $CALDAS $EQX $FSM $GOLD.TO $GORO $HIGH.V $MAG $MMX $SAND $SMF.TO $SILV $WM.TO Aurcana: Increased the previously announced non-brokered private placement from $4m to $5.76m and completed the second tranche. This will go toward underground development (and in turn, reducing cap-ex) to bring its pri...Read More
By: Ira EpsteinGold showing higher highs and higher lows on the weekly, 18-week moving higher quickly..Read More
Masked Bike RidesOverly OptimizedExogenous CausesSilver LiningsA SuggestionNew York and Final ThoughtsIn baseball, there is a kind of pitch called the "changeup," designed to look like a fastball while actually going slower. The deceived batter swings too soon and misses. Strike, you're out. The world has thrown a wicked biological changeup at the global economy.This is kind of how coronavirus f...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMBy Ed Steer07 March 2020 -- Saturday YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMGold's two tiny rallies in Far East trading on their Friday were dealt with in the usual manner. But starting about fifteen minute before the London open, a rally of some substance appeared. That was capped at, or just before, the 10:30 a.m. GMT morning g...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-6, 2020$AUN.v $BCM.V $CALDAS $EQX $FSM $GOLD.TO $GORO $HIGH.V $MAG $MMX $SAND $SMF.TO $SILV $WM.TO Aurcana: Increased the previously announced non-brokered private placement from $4m to $5.76m and completed the second tranche. This will go toward underground development (and in turn, reducing cap-ex) to bring its pri...Read More
By: Ira EpsteinGold showing higher highs and higher lows on the weekly, 18-week moving higher quickly..Read More
Masked Bike RidesOverly OptimizedExogenous CausesSilver LiningsA SuggestionNew York and Final ThoughtsIn baseball, there is a kind of pitch called the "changeup," designed to look like a fastball while actually going slower. The deceived batter swings too soon and misses. Strike, you're out. The world has thrown a wicked biological changeup at the global economy.This is kind of how coronavirus f...Read More
Bob Moriarty ArchivesMar 9, 2020In military aviation pilots are taught about an important concept called being on theBack Side of the Power Curve.For every aircraft and altitude there is a speed and power curve. Until the aircraft gets too slow things work just fine. A lot like the Fed. But when the aircraft flies too slow and drag gets too high, the addition of more power makes the situation wors...Read More
Published on March-8-2020: Dear Friend of GATA and Gold:Northman Trader's clear-eyed founder, market analyst, and longtime skeptic, Sven Henrich, writes tonight that the astounding volatility in the financial markets is "screaming" at governments and central banks: "Intervene now!":https://northmantrader.com/2020/03/08/vix-shock/Unlike most analysts allowed to appear on mainstream financial new...Read More
I appeared to occupy a unique place on the lunatic fringe when, many years ago, I started writing about the prospect of a short squeeze on the dollar. When I bounced this idea off a half-dozen finance professors, each had the same response: "Huh?" Their incredulity notwithstanding, it has always seemed a given to me that it would take a catastrophic deflation to wipe out debts, both public and...Read More
Steve St. Angelo, SRSrocco Report (MARCH 8, 2020 Late PM US EST)It begins... the world is finally waking up to the massive economic and financial threat of this global contagion. As reported by Zerohedge, the Middle East markets opened today to a bloodbath as many of the region's stock indexes fell more than 5%, with Kuwait suspending trading after it's market fell 10%. According to the ar...Read More
RambusI promised you on Friday that I would take an in-depth look at the energy complex in the Weekend Report. If there is one sector to define the possible deflationary event we've been discussing for the last several months or so oil is probably the most important commodity of all. Eventually we'll know the cause in no uncertain terms, but the charts have been suggesting for a long time now th...Read More
Sector expert Michael Ballanger examines last week's markets with an eye toward hockey leagues and central banks. Wikimedia CommonsThere are times in my life where I am forced to fight the urge to do harm to people, something that I have never enjoyed, even when I was playing hockey in the violent Southern Hockey League in 1977. I have taken spears to the groin, butt-ends to the face, hooks to th...Read More
I promised you on Friday that I would take an in-depth look at the energy complex in the Weekend Report. If there is one sector to define the possible deflationary event we’ve been discussing for the last several months or so oil is probably the most important commodity of all. Eventually we’ll know the cause in no uncertain terms, but the charts have been suggesting for a long time no...Read More
Published on March-8-2020: Dear Friend of GATA and Gold:Northman Trader's clear-eyed founder, market analyst, and longtime skeptic, Sven Henrich, writes tonight that the astounding volatility in the financial markets is "screaming" at governments and central banks: "Intervene now!":https://northmantrader.com/2020/03/08/vix-shock/Unlike most analysts allowed to appear on mainstream financial new...Read More
I appeared to occupy a unique place on the lunatic fringe when, many years ago, I started writing about the prospect of a short squeeze on the dollar. When I bounced this idea off a half-dozen finance professors, each had the same response: "Huh?" Their incredulity notwithstanding, it has always seemed a given to me that it would take a catastrophic deflation to wipe out debts, both public and...Read More
Steve St. Angelo, SRSrocco Report (MARCH 8, 2020 Late PM US EST)It begins... the world is finally waking up to the massive economic and financial threat of this global contagion. As reported by Zerohedge, the Middle East markets opened today to a bloodbath as many of the region's stock indexes fell more than 5%, with Kuwait suspending trading after it's market fell 10%. According to the ar...Read More
RambusI promised you on Friday that I would take an in-depth look at the energy complex in the Weekend Report. If there is one sector to define the possible deflationary event we've been discussing for the last several months or so oil is probably the most important commodity of all. Eventually we'll know the cause in no uncertain terms, but the charts have been suggesting for a long time now th...Read More