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
Since the creation of the Federal Reserve,the Dow Jones has significantly outperformed silver.It was only during brief periods before the1919 and 1980 silver peaks that silver was able to outperform the Dow (see theDow/Silver chart below). The Dow/Silver ratio...Read More
Dear Reader,Gold might be losing out to stocks when it comes to headlines. But, the precious metal also just hit all-time highs and did it in style -- rocketing 35% in seven months. Elliott Wave International's analysts helped their subscribers get in front of gold's historic rise. That's why we're letting you know about their Gold Investor's Survival Guide.This FREE report gives you 5 principles...Read More
When the Federal Reserve decides to slash interest rates, it sets off a domino effect in the financial world, and precious metals like gold and silver are among the first to feel the impact. Yesterday, we saw a 0.50% cut, so it’s time to revisit how these metals have historically performed… and let’s just say, they’ve put on quite the show.The Golden (and Silver) Trut...Read More
The CPI data isgoing to be released today, so the markets are tense.Gold'sGains Limited by Short-Term ResistanceGold moved slightly higher, but thevery short-term resistance line based on the previous highs keeps gold’s gainsin check. The fact that goldalready confirmed the breakdown below its rising wedge channel makes the following declines likely from the short-term point of vie...Read More
When I think about the metals market, I chuckle as it has obliterated just about every expectation many have had about what drives the market.We have seen metals decline during a strong inflationary period in 2022, wherein most were expecting it to rally alongside inflation.We have seen metals rally alongside the US Dollar, when most were expecting it to move in the opposite direction to the dolla...Read More
As the summer winds down, investors are keeping a close eye on the precious metals market. August proved to be a stellar month for both gold and silver, with gold prices rising a solid 3.5% and silver not far behind at 3.2%.But what does the future hold? Well, according to Bank of America, the outlook is positively golden. In a recent note to clients, the bank stated, “We believe gold can hi...Read More
This gold bull’s latestupleg has proven mighty, surging to many new nominal record highs. Amazingly gold’s massive gains have accrueddespite no demand from one of its primary drivers. That’s differential gold-ETF-share buying byAmerican stock investors. Enthralled bythe AI stock bubble, those guys have been missing-in-action. When they finally return, gold...Read More
Copper is definitely the mostimportant industrial metal out there.Freeport-McMoRanReflects Market TrendsIn the entire commodity sector, onlycrude oil is more widely used. And given the increasing importance ofall-things-electronic, copper is unlikely to be forgotten anytime soon. Thisdoesn’t mean that the only way in which its price can move is up (far from it),but it does indicate that this...Read More
So, the GDXJ plunged about 5%yesterday, and it refused to get back up, even though goldprice did. Continuationof GDXJ Decline LikelyWhat a demonstration of weakness!After the vertical plunge, the GDXJsimply paused. This simply confirms what I wrote previously – that this is NOTthe end of the decline, it’s just an acceleration in it.My yesterday’s comments on the likelyh...Read More
No amount of wishful thinking and baseless proclamations will change that. Owning gold stocks (miners) instead of the actual physical metal (in other words, processed and refined with appropriate hallmarks and in tradable form) is a losing bet. Investors should ignore the siren song of gold mining shares.At their highs last week, gold stocks had increased eighty percent from their lows just two ye...Read More
The copper market is on the brink of transformation, driven by increasing demand for copper-intensive technologies and the urgent need for sustainable practices across the metals and mining industry.Our interactive copper infographic offers a comprehensive overview of the future of the copper market, detailing the key trends and projections that will shape the industry through 2034.Fill out the fo...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 46 points at 8:35 AM EST.S&P 500 futures were unchanged following release of updated U.S. Third Quarter GDP and the December Philly Fed Index at 8:30 AM EST. Consensus for annualized third quarter GDP was a 2.8% gain. Actual was a 3.1% gain. Consensus for the December Philly Fed Index was +2.5 versus -5.5 in Novemb...Read More
Trump will begin his first 100 days with an emphasis on his economic plans.His core economic team is already announced including Russell Vought as Director of the Office of Management and Budget, Jamieson Greer as U.S. Trade Representative, Kevin Hassett as Director of the National Economic Council, Scott Bessent as U.S. Treasury Secretary, and Howard Lutnick as Secretary of Commerce.Hassett and B...Read More
John Newell of John Newell & Associates shared a chart on Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA) showing his price targets from August. Click to see how close the company is to the first target and what other targets Newell is looking out for. You will also be directed to an article showing fundamentals of the company that discusses the latest news of a strategic partnership with Montage...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market and, upon request, his list of tax-loss purchase candidates.The USD Index futures are down 0.10% to 107.640 with the 10-year yield up 0.76% to 4.535% and the 30-year yield up 1.06% to 4.709%.Gold (-0.10%) is lower but silver (+0.55%) and copper (+1.27%) are higher.Oil (-0.74%) is lower by $0.52 to $70.06/...Read More
Technical Analyst Clive Maund explains why he thinks now is an excellent point to buy iMetal Resources Inc.'s (IMR:TSX.V; ADTFF:OTCBB; A7V:FRA) stock.iMetal Resources Inc. (IMR:TSX.V; ADTFF:OTCBB; A7V:FRA) is regarded as a most attractive junior gold exploration stock. Following a bear market that erased 99% of the stock's value, it is coming to the end of a basing process with clear signs that it...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
$200 billion can buy a lot of Bitcoin.That’s the amount of cash Microsoft is sitting on - money that could have made history a few weeks ago.The crypto world watched with bated breath as Microsoft shareholders faced a decision that would ripple through Wall Street: whether to turn some of that mountain of cash into Bitcoin.For Bitcoin believers, it would have been the ultimate validation.Mic...Read More
If you've ever found yourself cornered at a dinner party by that one guy with a conspiratorial gleam in his eye and a penchant for explaining why the economy is "just a series of smoke and mirrors," you'll appreciate Henry Hazlitt's Economics in One Lesson. It's The Book that offers the economically curious a set of brass knuckles to face the muddled nonsense of popular economic "thought." And by...Read More