By Jordan Roy-Byrne CMT, MFTA Last week we discussed the difference between a rally and bull market. Gold stocks have been in a rally. That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday. Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it's clear they are in a downtrend. Go b...Read More
By Steve St. AngeloThe U.S. Shale Oil Industry has been a financial trainwreck since day one. And, with nearly $300 billion in public and private debt racked up by the shale industry since its inception, that hasn't stopped investors from throwing good money after bad to continue the biggest energy Ponzi scheme in history.Unfortunately, the worst is still yet to come because the industry hasn...Read More
Jan 22, 2019 Guest(s): Rex Murphy Reporter & Columnist, CBC & The National Post Canada is rich in natural resources and energy, but the Trudeau government needs to stop putting "obstacles" in the way of prosperity, said long-time political commentator and journalist, Rex Murphy. "If any other country in the world had the bounty that Canada has in both [energy and minerals], we would have every g...Read More
"And I think the part of it that is generational is that millennials and people, in Gen Z, and all these folks that come after us are looking up and we're like, the world is gonna endContinue...Read More
President Trump's frustration with the Federal Reserve's (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for his resignation, meaning President Trump would have to fire Powell if Trump...Read More
The explorer/developer is drilling six projects. Allegiant Project MapAllegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) announced in a news release that the company is drilling on the Red Hills project, completed drilling at the North Brown project, and has received all the assay results for Hughes Canyon. The drilling at Hughes Canyon consisted of 12 rotary holes over 2,139 meters. Results show tha...Read More
Results continue to become available from this gold company's 2018 exploration program. Victoria Gold Corp. (VIT:TSX.V) reported in a news release the findings from its 2018 surface trench testing in the Nugget zone of the Dublin Gulch project in the Yukon. That program involved building, mapping and sampling 13 trenches over 1,363 meters (1,363m), with more than 500 of those meters targeting Ra...Read More
Sector expert Michael Ballanger reflects on financial forces and their effect on precious metals markets since the first of the year. The Trump-Mnuchin-Powell "directive," which engaged the Working Group on Financial Markets during the last weekend before Christmas 2018, has worked both beautifully and criminally as the term "moral hazard" has crept back into the mainstream dialogue. Once again,...Read More
The legendary Jim Rogers tells you about a recession, the economy, interest rates, residential & agricultural real estate, inflation vs. deflation and more.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting jour...Read More
Recently, we openly discussed the potential for global turmoil related to Europe, Asia, China, and South America. The issues before the globe are that the global economy may not be firing in sync and that there are credit and debt, as well as geopolitical, issues that persist. The interesting component of all of this is that the US stock market has staged a very impressive recovery over the past t...Read More
For those that still believe the US markets are weak and poised for a total collapse, we want to bring something to your attention. Throughout weeks of uncertainty about China trade deals, the US government shutdown, continued Brexit issues and who knows what else... oh yeah US Q4 Earnings data, guess what has been taking place in some US sectors? That's right, a rather solid price recovery.Two of...Read More
Two decades ago, Anglo American Plc created the world's No. 1 gold miner by merging its South African assets. Having long since been eclipsed by its rivals, AngloGold Ashanti Ltd. may need to leave home to keep up.Newmont Mining Corp. and Barrick Gold Corp. have forged mega deals that will extend their lead over AngloGold. Saddled with Mponeng, the world's deepest mine in a dying South African ind...Read More
Last week we discussed the difference between a rally and bull market.Gold stocks have been in a rally.That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday.Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it's clear they are in a downtrend.Go back two to three years. You'll see lower hig...Read More
Residents of the Combayo community, located in the Cajamarca department of northern Peru, announced a protest for February 6, 2019, against Minera Yanacocha, owned by Colorado's Newmont Mining Corporation (NYSE: NEM), Peru's Buenaventura, and the World Bank's International Finance Corporation.According to local media, people are blaming the miner for polluting the Mashc??n river and its tributarie...Read More
A team of researchers from Imperial College London developed a technique to print silver, gold and platinum onto natural fabrics.Up till now, metals were printed onto fabrics by coating them with plastic. The new approach, however, allows metal inks to cover entire fibres rather than simply coating the surface of the fabric.In a media brief, the researchers explained that to coat the fibres, they...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
White House officials are planning for President Trump's second summit with Kim Jong Un to be in Vietnam, according to people familiar with the matter.Continue...Read More
An iA Securities report provided an operational update on this Canadian producer. In a Jan. 17 research note, iA Securities analyst George Topping reported that Wesdome Gold Mines Ltd.'s (WDO:TSX) "2019 production guidance is in line" and the pace at Kiena is accelerating. "Management is advancing Kiena to a low cost, short timeline restart," he wrote.Topping reviewed the company's Q4/18 and 2018...Read More
Bill Holter discusses the coming global economic reset, precious metals, and the latest high crimes and misdemeanors of the mockingbird media and deep state criminals who are aligned against President Donald J. Trump.Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 20...Read More
China on Monday said that its official economic growth came in at 6.6 percent in 2018 - the lowest growth since 1990.Continue...Read More