Bob Moriarty ArchivesFeb 27, 2020Exactly a month ago I warned that the Corona Virus outbreak was going topop the “Everything Bubble.” I did something fairly subtle. I buried my main message under a whole heap of cow manure. It doesn’t make a rat’s ass if I was right or wrong about calling for a market crash in October or the Fed dumping piles of new crisp $100 bills onto a...Read More
Richard Mills, Ahead of the herdWhether it's a Democrat or a Republican installed in the White House this November, you can count on fiscal discipline going out the window. Neither the incumbent, President Donald J. Trump, nor the leading Democratic contender to replace him, Bernie Sanders, appears to give a hoot about shoveling more onto the enormous pile of debt that a few months ago shot past...Read More
Dear Friend of GATA and Gold:A grudgingly approving reference to GATA comes today from the investment research chief of currency trading house BDSwiss, Marshall Gittler, whose essay at FXStreet is headlined "Another 'Risk-Off' day, But with Another Fall in Gold":https://www.fxstreet.com/analysis/another-risk-off-day-but-with-another-...Gittler writes:"The most interesting point of the day, thoug...Read More
By: Carolyn BorodenGold has potential upside to 1709.41 in the futures (GC) as long as two support areas hold. There's initial support at the recent low near 1626, and a wide cluster of support at symmetry projections between 1614.80 and 1621.30.As long as price holds above one of these two zones, we can begin to look at buy triggers. If price breaks beneath there, we'll back off until furth...Read More
Gold should start another wave of rise. Silver will now behave like a precious metals and not an industrial metal. Even USA is preparing for corona virus outbreak. Lack of demand from global tourism industry should result in crude oil prices sliding. Next week will be a big week for bulls and bears of gold. If economic data releases wins then gold prices will correct more. If corona virus wins t...Read More
Money manager Adrian Day reviews recent results from four senior gold companies in light of recent market conditions stemming from coronavirus concerns. With a higher gold price (in the fourth quarter) than in the same quarter a year ago, results have been generally positive. But last week's jump in the gold price on concerns about coronavirus have taken many gold stocks to short-term overvalued...Read More
Ely Gold Royalties consolidates four claim groups in the district. In a news release, Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced that its subsidiary, Nevada Select, signed a purchase option agreement for Blackrock Gold Corp. to acquire its Tonopah West project in Nevada for $3 million with Nevada Select retaining a 3% net smelter returns (NSR) royalty. The transaction is expected...Read More
Last year's performance by Glencore International is summarized in a BMO Capital Markets report. In a Feb. 18 research note, BMO Capital Markets analyst Edward Sterck reported that Glencore International Plc's (GLEN:LSE) H2/19 results were "better than expected" and its dividend was "significantly higher than our forecast."Sterck reviewed the operational and financial results from full-year 2019....Read More
You know that the oil markets have truly gone to the dogs when they are suddenly riskier than one of the world’s most volatile commodities: bitcoin. Bitcoin and most cryptocurrencies are synonymous with extreme bouts of volatility. However, it’s crude oil that is now earning that dubious distinction after exhibiting price swings wilder than even the leading cryptocurrency.O...Read More
Sector expert Michael Ballanger charts the latest changes in the markets and prognosticates on when and why silver prices should make a move.One of my good friends from the 1980s and 1990s was the late Ian McAvity, a superb technical analyst, a founder of Central Fund of Canada, a Bay Street Mover and, most importantly, a humble and thoroughly enjoyable man. He was the first newsletter writer that...Read More
Richard Mills, Ahead of the herdWhether it's a Democrat or a Republican installed in the White House this November, you can count on fiscal discipline going out the window. Neither the incumbent, President Donald J. Trump, nor the leading Democratic contender to replace him, Bernie Sanders, appears to give a hoot about shoveling more onto the enormous pile of debt that a few months ago shot past...Read More
Dear Friend of GATA and Gold:A grudgingly approving reference to GATA comes today from the investment research chief of currency trading house BDSwiss, Marshall Gittler, whose essay at FXStreet is headlined "Another 'Risk-Off' day, But with Another Fall in Gold":https://www.fxstreet.com/analysis/another-risk-off-day-but-with-another-...Gittler writes:"The most interesting point of the day, thoug...Read More
By: Carolyn BorodenGold has potential upside to 1709.41 in the futures (GC) as long as two support areas hold. There's initial support at the recent low near 1626, and a wide cluster of support at symmetry projections between 1614.80 and 1621.30.As long as price holds above one of these two zones, we can begin to look at buy triggers. If price breaks beneath there, we'll back off until furth...Read More
Gold should start another wave of rise. Silver will now behave like a precious metals and not an industrial metal. Even USA is preparing for corona virus outbreak. Lack of demand from global tourism industry should result in crude oil prices sliding. Next week will be a big week for bulls and bears of gold. If economic data releases wins then gold prices will correct more. If corona virus wins t...Read More
PRIVATE BLOG - Gold for 2-27-2020Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Feb 28, 2020 Guest(s): Jim Rogers Coronavirus fears continued to move stocks towards the worst week since the financial crisis. What is the key to navigating this sell-off? Joining Daniela Cambone for an exclusive interview is legendary investor Jim Rogers.The Dow Jones Industrial Average dropped 900 points, or more than 3%, and traded below 25,000. The S&P 500 slid 2.6% and gold futures we...Read More
LONDON, 27 February 2020 - Gold's sharp retreat amid the worsening virus outbreak today sees BullionVault quoted by leading US investment news-site MarketWatch.Gold prices are "always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," says Adrian Ash, director of research at BullionVault.Read the full story here:Gol...Read More
You know that the oil markets have truly gone to the dogs when they are suddenly riskier than one of the world’s most volatile commodities: bitcoin. Bitcoin and most cryptocurrencies are synonymous with extreme bouts of volatility. However, it’s crude oil that is now earning that dubious distinction after exhibiting price swings wilder than even the leading cryptocurrency.O...Read More
Sector expert Michael Ballanger charts the latest changes in the markets and prognosticates on when and why silver prices should make a move.One of my good friends from the 1980s and 1990s was the late Ian McAvity, a superb technical analyst, a founder of Central Fund of Canada, a Bay Street Mover and, most importantly, a humble and thoroughly enjoyable man. He was the first newsletter writer that...Read More
You know that the oil markets have truly gone to the dogs when they are suddenly riskier than one of the world’s most volatile commodities: bitcoin. Bitcoin and most cryptocurrencies are synonymous with extreme bouts of volatility. However, it’s crude oil that is now earning that dubious distinction after exhibiting price swings wilder than even the leading cryptocurrency.O...Read More