Gold. Silver. Platinum. Palladium. Precious metals mined from the bowels of the earth, refined andvalued for their unique characteristics. Since the beginning of civilization itself,humanity has long held an obsession with what is known colloquially as “bling.” Nowadays rather than adorning ourselves with beads and seashells,we’ve turned to precious metal. If one thing’s fo...Read More
Our research team believes the recent downward price activity in Gold and Silver are indicative of past price patterns we saw in Gold over the 2007 to 2012 rally. Throughout almost every rally in precious metals (Gold), there have been a number of moderate to serious price corrections taking place within that extended rally. The current downside move is moderately small compared to his...Read More
To underscore the volatility of this past week, consider the price action in Silver. Silver, days ago, had a chance to make its highest monthly close since October 2016. That is well over three years ago. Silver closed the week and the month at its lowest levels in six months. One week, precious metals (specifically gold stocks) are on the cusp of a historic breakout, and the next, they are...Read More
Last week’s market activity was another reminder that not allprecious metals investments are created equal.Investors worried about a virus outbreak and watching the bloodbath on Wall Street rushed to buy coins, rounds,and bars.As one of the largest and most respected U.S. dealers, MoneyMetals saw the biggest surge of buying activity in years. Clients bought thephysical metal a...Read More
While viruses are counted among the simplest forms of life, they have quite a bearing on its advanced forms. And the coronavirus epidemic is, unfortunately, alive and well. What are the implications for the gold market?Coronavirus Infects EuropeThe coronavirus epidemic is, unfortunately, making its presence well known. Actually, it spreads quickly around the globe. The worldwide number of confirme...Read More
Gold / SIlver RatioGold price of $1560 divided of by the silver price of $18.07 results in a ratio of 86.3! The historic norm is for around 50. No I am not saying that Silver should trade to a ratio of 50 to Gold anytime soon. I will cover the prospects for the Silver price in a separate analysis.So either Silver is CHEAP or Gold is EXPENSIVE, probably a mixture of both, which implies to expect Go...Read More
Gold. Silver. Platinum. Palladium. Precious metals mined from the bowels of the earth, refined andvalued for their unique characteristics. Since the beginning of civilization itself,humanity has long held an obsession with what is known colloquially as “bling.” Nowadays rather than adorning ourselves with beads and seashells,we’ve turned to precious metal. If one thing’s fo...Read More
Our research team believes the recent downward price activity in Gold and Silver are indicative of past price patterns we saw in Gold over the 2007 to 2012 rally. Throughout almost every rally in precious metals (Gold), there have been a number of moderate to serious price corrections taking place within that extended rally. The current downside move is moderately small compared to his...Read More
LONDON, 3 March 2020 - BullionVault has seen a ?1m gold purchase made using its smartphone apps for mobile devices, reports The Telegraph today - website of the UK's best-selling daily broadsheet newspaper.That marks the London-based fintech's second-largest ever trade made on a mobile phone and the largest purchase made via its apps for Android or iPhone devices.Read the full story at The Telegr...Read More
Gary SavageIf you are going to trade precious metals then you MUST accept that you are fighting a battle with the bullion banks and the rules and the law simply do not apply to them. First big warning sign, miners were being suppressed. Why? The bullion banks were heavily short gold that they can't keep adding more shorts. The gold cartel therefore began shorting gold stocks and silver..http://b...Read More
Clive MaundThis article was conceived as a "souvenir article" to assist those of you who did the trade - and I know from feedback that a significant number of you did - in gloating at its glorious success - but here's the thing, working on it turned up some valuable insights that we can turn to our advantage in the immediate future. You will soon see what I mean.As Friday wore on I became more a...Read More
PlungerI would like to put out a quick special report to update you on the big picture in light of all of the market turmoil and provide some of the concepts which may suggest where we are going from here.First off I you were reading these reports in the late summer of 2018 I put out a 3-part series on the Post Bubble Contraction (PBC). Well the PBC has now arrived. Of course it was virtuall...Read More
Trade very carefully today. Central banks are all out to prevent a big crash in stock markets. Crude oil and copper are bullish at the moment. I used to write a monthly column for a jewelry magazine in India between 2007 and 2012. (Now I do not write articles for any media other than www.goldseek.com). In one of the articles I had written that gold prices will crash when human's survival is ques...Read More
COVID-19 cases in the U.S. continue to rise, however Stock bounced back in a big way today, as Wall Street attempted to rectify losses incurred during the worst week since the 2008 financial crisis. The Dow turned in an over 1,2000 point win -- its biggest percentage gain since March 2009 -- and snapped a seven-day losing streak in the process. All three benchmarks notched wins of 4% higher or mor...Read More
Jefferies lifted its price target to $53.40 from $50The shares of China-based e-tail giant JD.Com Inc (NASDAQ:JD) have staged a massive rebound today, following the company's fourth quarter earnings and revenue report, which exceeded analysts' expectations. JD cited strength in its core e-commerce business. The company also forecast a 10% year-over-year growth in sales for its fiscal first-quarter...Read More
Moderna is eyeing its highest close on record It's been a volatile few days for biotech concern Moderna Inc (NASDAQ:MRNA), which gapped higher early last week following a big breakthrough for its experimental COVID-19 vaccine. The stock wound up gaining 42.2% for the week, despite a pullback on Thursday, as it appears the equity has erased these losses today. In fact, MRNA is now eyeing its highe...Read More
Both AAL and DAL are tremendously oversoldAirline and travel stocks have taken the brunt of the recent broad market sell-off, as COVID-19 cases rise and more people opt to stay home. With the White House set to meet with airline executive officials on Wednesday, stocks Delta Air Lines, Inc (NYSE:DAL) and American Airlines Group Inc (NASDAQ:AAL) are in focus today. Below we'll break down why opt...Read More
The blue-chip index is in recovery mode this afternoonThe Dow Jones Industrial Average's (DJI) continues to recover from last week's catastrophic selloff, up over 700 points at its intraday peak. The blue-chip index brushed off disappointing data from the ISM manufacturing index, which showed a slowdown due to coronavirus headwinds last month. Meanwhile, Wall Street is eyeing impressive resilience...Read More
Stifel upgraded WDC to "buy" from "hold" Computer hardware manufacturer Western Digital Corp (NASDAQ:WDC) is staging a bounce off last Friday's two-month lows following a beaming bull note from Stifel. The analyst lifted its rating on WDC to "buy" from "hold," and hiked its price target to $73 from $63. Stifel noted that WDC's coronavirus-induced plummet last week creates an attractive entry point...Read More
TWTR is up 14% year-to-dateShares of social media giant Twitter Inc (NYSE:TWTR) are up 7.23% this morning, last seen trading at $33.20 amid reports that CEO Jack Dorsey may be replaced in the near future. Specifically, Paul Singer, founder of Elliot Management and billionaire investor, is pushing for the CEO's removal in part because Dorsey's attention is currently split between running both Squ...Read More