It’s been a volatile week in the markets.On Monday, Aug. 5, the Dow Jones Industrial Average lost more than 1,000 points, and the S&P 500 dropped 3%, resulting in the worst day for both indexes since September 2022. The sell-off was blamed on factors ranging from worries about the economy and the slow response from the Federal Reserve, regarding interest rate cuts, to the unwind of...Read More
A “Minsky Moment” refers to a point in time when a period of bullish speculation leads to a spectacular market crash.Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets. “Minsky held that, over a prolonged period of prosperity, investors take on more and more risk, until lending exceeds what borrowers can pay off from their inco...Read More
It’s been a volatile week in the markets.On Monday, Aug. 5, the Dow Jones Industrial Average lost more than 1,000 points, and the S&P 500 dropped 3%, resulting in the worst day for both indexes since September 2022. The sell-off was blamed on factors ranging from worries about the economy and the slow response from the Federal Reserve, regarding interest rate cuts, to the unwind of...Read More
It’s been a volatile week in the markets.On Monday, Aug. 5, the Dow Jones Industrial Average lost more than 1,000 points, and the S&P 500 dropped 3%, resulting in the worst day for both indexes since September 2022. The sell-off was blamed on factors ranging from worries about the economy and the slow response from the Federal Reserve, regarding interest rate cuts, to the unwind of...Read More
What is this? CBS News is advising you to acquire gold?We are waylaid, gobsmacked and astounded. Yet it is true."There are multiple reasons why beginners should consider investing in the metal as soon as this week," we are informed.CBS News proceeds to cite the three central reasons. Reasons one:With many experts predicting a price of $3,000 per ounce shortly, then, now is the time to buy in while...Read More
The macro setup for gold stocks is evolving into something that will surprise many after decades of poor fundamentalsI don’t make a habit of pumping the most frustrating stock sector on the planet just for the sake of it. I have made a habit of discussing why, since 2003, the macro market backdrop has been adversarial to gold stocks much more often than not. By extension, internal indicators...Read More
The macro setup for gold stocks is evolving into something that will surprise many after decades of poor fundamentalsI don’t make a habit of pumping the most frustrating stock sector on the planet just for the sake of it. I have made a habit of discussing why, since 2003, the macro market backdrop has been adversarial to gold stocks much more often than not. By extension, internal indicators...Read More
Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the market, specifically opining about copper's outlook. USD dollar index futures are very slightly higher (+0.01%) this morning with 10-yr. (-1.38%) and 30-yr. (-1.38%) bond yields lower.Gold (+0.09%) and oil (+0.60%) and copper (+2.05%) are rallying while silver (-0.11%) is down.Stock futures are mixed (-0.15% - +0.05%),...Read More
The macro setup for gold stocks is evolving into something that will surprise many after decades of poor fundamentalsI don’t make a habit of pumping the most frustrating stock sector on the planet just for the sake of it. I have made a habit of discussing why, since 2003, the macro market backdrop has been adversarial to gold stocks much more often than not. By extension, internal indicators...Read More
Juggernaut Exploration Ltd. (JUGR:TSX.V) has announced a significant development at its Bingo property located in the Golden Triangle of British Columbia. Read more about the recent reports coming from the company and how it affects future plans.Juggernaut Exploration Ltd. (JUGR:TSX.V) has announced a significant development at its Bingo property located in the Golden Triangle of British Columbia....Read More
The macro setup for gold stocks is evolving into something that will surprise many after decades of poor fundamentalsI don’t make a habit of pumping the most frustrating stock sector on the planet just for the sake of it. I have made a habit of discussing why, since 2003, the macro market backdrop has been adversarial to gold stocks much more often than not. By extension, internal indicators...Read More
The macro setup for gold stocks is evolving into something that will surprise many after decades of poor fundamentalsI don’t make a habit of pumping the most frustrating stock sector on the planet just for the sake of it. I have made a habit of discussing why, since 2003, the macro market backdrop has been adversarial to gold stocks much more often than not. By extension, internal indicators...Read More
The macro setup for gold stocks is evolving into something that will surprise many after decades of poor fundamentalsI don’t make a habit of pumping the most frustrating stock sector on the planet just for the sake of it. I have made a habit of discussing why, since 2003, the macro market backdrop has been adversarial to gold stocks much more often than not. By extension, internal indicators...Read More
These results, from its flagship project in Spain, bode well for the upcoming mineral resource estimate update and preliminary economic assessment. Read on to learn more.Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) encountered high-grade mineralization while drilling El Cura, thereby extending this deposit at its Iberian Belt West (IBW) project in Spain, according to a news release...Read More
Giant Mining Corp. (CSE: BFG; OTCBB: BFGFF; FSE: YW5) announced the completion of Hole MHB-30 to a depth of 800 feet, the first in their diamond core drilling program.Giant Mining Corp. (CSE: BFG; OTCBB: BFGFF; FSE: YW5) is dedicated to the identification, acquisition, and development of later-stage copper, silver, and gold assets. Responding to the increasing global demand for precious metals, dr...Read More
LONDON, 9 August 2024 - Data and analysis from BullionVault today features in CityAM, the London-based news-site for professionals in the City's financial markets.Monday's volatile price action saw investors using Bullionvault buy back half the metal they sold across all of July, says the report.Read the full story at CityAM here:All that glitters is gold: Investors flock to safe haven bullion ami...Read More
Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) says its core drilling program at its 3 Aces project in the Yukon is expanding known mineralized zones in the Central Core Area (CCA) and identifying new targets. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced that its core drilling program at its 3 Aces project in Canada's Yukon Territory is expanding known mineralized zones in the Central Core Are...Read More
Michael Ballanger of GGM Advisory Inc. shares an update on the market as well as two copper stocks he has been keeping an eye on.USD dollar index futures are higher (+0.24%) this morning, and bond yields are also higher.Gold (+0.49%) and silver (+0.08%) are rallying a tad, while copper and oil are flat.Stock futures are rallying, with risk barometer Bitcoin up 1.39%.Freeport-McMoRan Inc. (FCX:NYSE...Read More
Juggernaut Exploration Ltd. (JUGR:TSX.V) has announced a significant development at its Bingo property located in the Golden Triangle of British Columbia. Read more about the recent reports coming from the company and how it affects future plans.Juggernaut Exploration Ltd. (JUGR:TSX.V) has announced a significant development at its Bingo property located in the Golden Triangle of British Columbia....Read More
Dakota Gold Corp. (DC:NYSE American) releases its 2023 Sustainability Report on its environmental, social, and government (ESG) goals. Find out why one analyst believes the company's recent results also hit the mark.Dakota Gold Corp. (DC:NYSE American) this week released its 2023 Sustainability Report on its environmental, social, and government (ESG) goals.The company found success exploring this...Read More