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
Oil vs. California! Is California pushing oil and gas out for good? In this episode, we dive deep into the growing tension between ...Read More
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FREE Bonus Training: https://bit.ly/3JsRdmj Curious about option trading but unsure where to start? In this episode of the Rich ...Read More
This new mineralized area remains open and might connect to another recently identified zone at this asset in Canada, noted an Atrium Research report.Endurance Gold Corp. (EDG:TSX.V; ENDGF:OTC; 3EG:FSE) encountered, on drilling the deepest hole yet at its Reliance project in British Columbia, a new area of high-grade gold mineralization below an existing zone, reported Ben Pirie, equity research a...Read More
Just one week after Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A0RLEP:WKN; 3TZ:FSE) announced a significant expansion of its Halo discovery at its Quesnelle Quartz Mine, the company has staked more than 90,000 hectares of contiguous mineral claims. Read why one analyst says the stock is a Buy.Just one week after Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A0RLEP:WKN; 3TZ:FSE) announ...Read More
All holes encountered anomalous gold pathfinder elements, and follow-up drilling in all three targets is warranted, noted a Red Cloud Securities report.Westhaven Gold Corp. (WHN:TSX.V) announced that all six holes drilled in the Certes target at the Shovelnose project intersected anomalous gold pathfinder elements, reported Red Cloud Securities Vice President and Mining Analyst Taylor Combaluzier...Read More
Next for this asset is a feasibility study, likely to show enhanced economics over those in the second prefeasibility study, noted a Hallgarten & Co. report.AbraSilver Resource Corp. (ABRA:TSX.V; ABBRF:OTCQX) is rapidly advancing Diablillos in northern Argentina, now positioned "as one of the most important silver projects coming down the pike at a global level" due to several converging events, r...Read More
NexGold Mining Corp. (NEXG.V:TSXV; NXGCF:OTCQX; TRC1.F:FRA) and Signal Gold Inc. announced significant advancements in their strategic alignment through the completion of Signal Gold's second tranche of its oversubscribed subscription receipts financing. Read more to learn how this merger positions the combined entity to advance flagship projects in the Canadian gold sector.NexGold Mining Corp. (N...Read More
Silver Crown Royalties Inc. (SCRI:CBOE; SLCRF:OTCQX; QS0:FSE) announced it has signed a definitive royalty agreement with PPX Mining Corp. (PPX:TSXV; PPX:BVL) for a percentage of the cash equivalent of silver produced from PPX's Igor 4 project in Peru. Read why one analyst thinks the royalty company will become "a household name."Silver Crown Royalties Inc. (SCRI:CBOE; SLCRF:OTCQX; QS0:FSE) announ...Read More
Silver is stepping back into the spotlight, glinting with the promise of rising prices, surging demand, and shifting market dynamics. Building on insights from my previous article, “Silver Worth $150-$170? Facts to Make the Case for a Major Price Surge,” it’s clear the metal isn’t just playing second fiddle to gold, it’s tuning up for its own symphony. Current Market...Read More
How many hours of work would it take topurchase one ounce of gold? Now you’ll know. Interesting, right?The 1980 Peak StillReignsGold price truly peaked in the 1980,and while it moved to new nominal highs in 2011, this wasn’t the case in termsof how much one would have to work for it. In 2011, gold peaked slightly belowthe previous high. This year, we saw another move to those extreme v...Read More
Copper, silver, and gold quite often movetogether, especially during the big moves.Impending Massive SlideAnd this is currently very helpful.Given gold’s recent decline and a muchbigger decline in silver and mining stocks, one might wonder whether miners’and silver’s weakness are telling the truth about the precious metals market’soutlook, or if it’s gold that’s...Read More
In my yesterday’s Gold TradingAlert, I wrote that we had some clues regarding the end of thecorrective upswing.CorrectiveUpswing Nearing Its EndWe saw an invalidation in the GDXJ (ofthe tiny move to new short-term highs), and before that silver outperformed ona short-term basis, which was also a bearish indication. Today, we got somemore. Today, miners are back in theirunderperform...Read More
Gold’s monster uplegremains alive and well, after weathering a sharp post-election selloff. One had certainly been due, as gold had justsurged to extremely-overbought levels. The resulting pullback was big and fast, doing much essentialrebalancing work. Gold’s resiliencedefying some bearish headwinds is a bullish omen. Despite its massive size, this monster upleg...Read More
Gold has sure had awild ride in the several weeks since the US elections! It first plunged then surged after Trump’sdecisive victory, which surprised legions of traders. Gold’s earlier big down days helped fuelfears another Trump administration is bearish for gold. Its poor performance after Trump’s first wineight years ago buttresses that case. But that&rs...Read More
Today we finally see it – the USDX movedlower at last. USD’s breather here is nothing surprising, and it’s not bearisheither.It’s simply normal for a market tocorrect after launching a rally as strong as what we saw in October andNovember. In yesterday’sanalysis, I wrote the following about the above chart:Yes,while I have been writing about USD Index’s likely s...Read More
That’s an interesting situation that wehave today. Gold us up, but silver and miners are down. What gives? In short, it’s almost certainly all about the temporary impact from the stock market. The S&P 500 Index is downtoday. Not significantly, but enough to make the parts of the precious metals marketmore linked to it underperform.MiningStocks: Strength in the Current SetupGDXJ is...Read More
The gold miners’ stocksare heading into their winter rally, when strong seasonal tailwinds help boosttheir advances. This is especiallypronounced when gold stocks’ primary drivers of sentiment, technicals, and fundamentalsare bullish, which is certainly true today. This sector is nearing a psychological tipping point of surgingpopularity, making secular breakouts, and earnin...Read More
The current setup on the silver chart is alot like the start of the silver bull market of the early 2000s. In those dayssilver was under $5 and considered cheap.The current bottoming pattern from around2014 to now is very similar to the early 2000s bottoming pattern (see the chartbelow). I have highlighted two similar patterns(marked 1 to 5).The bottoming period of the early 2000s started when sil...Read More