Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Silver X Mining Corp.'s production at its Nueva Recuperada mine are now at pre-shutdown levels, according to a note from Red Cloud Securities. In a research note published on February 2, 2024, Red Cloud Securities analyst Timothy Lee discussed Q4/23 production results from Silver X Mining Corp.'s (AGX:TSX.V) Nueva Recuperada silver-polymetallic mine in Peru. Lee's report provides insight into the...Read More
Technical Analyst Clive Maund explains his outlook on the gold market.I haven't written much about gold in the recent past since the failed breakout attempt early in December simply because I haven't known what to make of it, and that indecisiveness has been reflected in the market itself, where we have seen gold stuck in a fairly narrow trading range, but now things are starting to become a l...Read More
The situation in gold and gold stocksis not stagnant. Something shifted. And the implications are not minor.A Moment of RealizationIn 1993, Aerosmith released the songcalled “Amazing”. I really enjoyed it when it came out and some of the lyricsstuck in my mind. When I was reviewing the charts to prepare today’s analysis,I recalled a part of that song. I wasn’t sure why, as...Read More
(IDEX Online) - Rio Tinto is facing four charges under Canada's Mine Health and Safety Act after a worker was seriously injured at Diavik.The first court appearance is scheduled for 19 March in Yellowknife, Northwest Territories. Rio Tinto owns and manages the Diavik Diamond Mine, which produces around 4.65m carats a year.The Workers' Safety and Compensation Commission, an arm's len...Read More
(IDEX Online) - Watch and jewelry sales in the US showed further signs of recovery in December 2023, with the largest monthly rise since July 2022.Major brands have been faring better during the final quarter of 2023 with Richemont enjoying a 12 per cent revenue hike among its watch and jewelry maisons and LVMH reporting sales up by 3 per cent. The latest available figures show that Swiss watch ex...Read More
(IDEX Online) - Pandora says its achieved its target of using only recycle gold and silver in its jewelry.The Danish company says it no longer sources any newly-mined supplies for the 100m-plus items of jewelry it sells every year.Pandora says the move will save 58,000 tons of CO2 a year, equivalent to the electricity used to power 11,000 homes."Precious metals can be recycled forever without...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EST. Estee Lauder advanced $24.69 to $158.81 after fiscal second quarter revenues and earnings exceeded consensus estimates.McDonald's slipped $1.05 to $296.00 after reporting less than consensus fourth quarter revenues.Idexx added $2.86 to $530.00 after reporting higher than consensus fourth quar...Read More
We have yet to reach a full reckoning of the consequences of the era of easy money, but it’s abundantly clear that it ruined us.The damage was incremental at first, but the perverse incentives and distortions of easy money zero interest rate policy (ZIRP), credit available without limits to those who are more equal than others accelerated the institutionalization of these toxic dynamics...Read More
Emerita Resources Corp. has released drill results from the first phase of drilling at the El Cura deposit on the company's 100% owned Iberian Belt West project. Read on to see what analysts have to say about this company's stock.Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) announced in a press release on January 31, 2023, that the company has an update on its recent drilling on th...Read More
Technical Analyst Clive Maund explains why he believes that silver has a strong outlook in the long term even with current vulnerabilities. As usual, many of the observations regarding gold set out in the parallel gold market update apply equally to silver, so they will not be repeated here.On silver's 6-month chart, probably the most important point to note is that following gold's failed attempt...Read More
Silver X Mining Corp. has announced its fourth-quarter production results after relaunching mining operations in Peru last fall. One analyst says the company beat his estimates.Silver X Mining Corp. (AGX:TSX.V) has announced its fourth-quarter production results after relaunching mining operations at its Nueva Recuperada project in Peru last fall.The company said it processed more than 354,000 oun...Read More
Barry Dawes of Martin Place Securities shares his thoughts on Tolu Minerals and how he believes it may be emulating K92's success.Key point for Tolu Minerals Ltd. (TOK :ASX).Good progress on mine reopening made since listing in NovemberCondition and refurbishment rate of plant and equipment above expectationsNew drilling rigs and other essential equipment ordered and/or deliveredSuccessful recruit...Read More
Seabridge Gold Inc. releases updated mineral resource estimates for deposits at its massive KSM gold and copper project in British Columbia. See why one analyst said the move "makes sense."As it continues to move toward finding a joint venture partner for its massive KSM gold and copper project in British Columbia's Golden Triangle, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) on Monday released upd...Read More
Silver X Mining Corp.'s production at its Nueva Recuperada mine are now at pre-shutdown levels, according to a note from Red Cloud Securities. In a research note published on February 2, 2024, Red Cloud Securities analyst Timothy Lee discussed Q4/23 production results from Silver X Mining Corp.'s (AGX:TSX.V) Nueva Recuperada silver-polymetallic mine in Peru. Lee's report provides insight into the...Read More
With the economic backdrop continuingto deteriorate, silver’s bull case has become increasingly fragile.Ominous Signs AheadWhile silver has bounced off its recentlows, the white metal continues to underperform gold. And whenvolatile areas of the precious metals market showcase weakness (silver andmining stocks) it’s often an ominous sign for the entire sector. In addition,&n...Read More
While geopolitical conflict has keptgold afloat, mining stocks’ weakness signals trouble ahead. EconomicRecession LoomsWhile risk assets attempt to breakfree of their bearish corrections, gold’s relative outperformance hasthe yellow metal shining bright. Despite that, we’ve booked 11-straightprofitable trades, and our 12th (currently open) remains in the gree...Read More
Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwindWe have used this daily chart of the gold stock ETF, GDX in written and video updates to keep NFTRH subscribers apprised of the progress of the bounce from the early October low (after previously using the chart to manage the long correction that began with the May double top). Let’s upd...Read More
Crisis, crisis everywhere. But objective, free from the noise of the news, forecasting of commodity prices starts here, with our free Special Report ($155 value). The geopolitical landscape is wracked. War in Ukraine, humanitarian crisis in Syria, and now, what Vox Media on October 15 called the "worst conflict in decades" between Israel and Hamas. For mainstream analysts who use news as the main...Read More