By: Ira Epstein$1,301.60 swing point key to current uptrend:Read More
Feb. 22nd, 2019(S14-E684)Featured GuestsDr. Stephen Leeb& Michael PentoPlease Listen HereBest selling author, and show Mentor, Dr. Stephen Leeb returns with an even more robust outlook on precious metals.Dr. Leeb feels the trade war between the US / China will be resolved amicably without undo distress to either nation.The narrative includes the musical accomplishments of Glenn Gould, a most r...Read More
I'd love to tell you that bulls have been sniffing glue and that they are long overdue for a brutal comeuppance. However, it turns out they are anything but wild-eyed, and their expectations are relatively subdued. AIAA's most recent survey found that 35.3% of investors are 'neutral' right now the highest percentage in seven months. As for bulls, they are at 39.3%, only slightly above the...Read More
A new and improved stock market in 2019.The Fed's change of heart provides support.Gold has shined in 2019.Gold stocks are outperforming the S&P 500 since mid-September.Markets rarely move in a straight line.On Wednesday, February 20, the US Federal Reserve released the minutes of the most recent Federal Market Open Committee meeting. In their statement that followed the meeting and the minute...Read More
Two prestigious conferences are just around the corner, PDAC and Thinking North. I am honoured to be speaking at both and I hope to see you there.The annual PDAC Convention is regarded as the premier international event for the mineral industry. In recent years, it has attracted more than 25,000 people from 125 countries and will next be held on March 3-6, in Toronto at the Metro Convention Centre...Read More
The dollar weakened in response to progress on U.S.-China trade.This suggests that gold will benefit from an end to the trade war.Gold fund flows suggest plenty of healthy skepticism for gold.A commonly held belief among investors and analysts is that the gold price will suffer if the U.S.-China trade dispute is amicably resolved. This view is so widely circulated in commentaries on the gold price...Read More
The IAU ETF is up 12.06% since October 2018, as the Fed has turned increasingly dovish.The latest Fed minutes reveal how the Fed's economic outlook has become more uncertain, which will result in more dovishness for the foreseeable future.Various Fed members have come out to express their view that the US economy may not need more rate hikes amid weakening economic conditions.The iShares Gold...Read More
Perth-based Titan Minerals (ASX: TTM) and Vancouver-based Core Gold (TSX-V: CGLD) announced that they are joining forces to create a diversified Latin America-focused, ASX-listed gold company with a portfolio of projects in Ecuador and Peru.In a press release, the miners explained that they signed a binding arrangement pursuant to which Titan will acquire all of the issued and outstanding Core Gol...Read More
Gold: Short-Term Storm Clouds AppearingSource: Michael J. Ballanger for Streetwise Reports 02/20/2019Sector expert Michael Ballanger discusses some of his recent trades in gold and silver.The year 2019 has started out with rallies in virtually everything-stocks, bonds, metals and even cryptocurrencies-as the spectre of a Friendly Fed has given rise to animal spirits of the most extreme nature....Read More
The broad stock market slightly extended its short-term uptrend on Friday following breaking above the recent consolidation. But will stocks continue higher despite some clear technical overbought conditions?The U.S. stock market indexes gained 0.6-0.9% on Friday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index retraced more of its October-December dow...Read More
Mining Stocks BookA review on the e-book Mining Stocks Guide.Mining Stock Investment Guide ReviewNew to the Sector? This is the Resource You've Been Looking ForThe Mining Stocks Investor Guide (MSIG) is a must-read for those who are new to the mining sector. In fact, in all my reading I haven't found another book that summarizes each of the primary topics associated with mining stocks investment l...Read More
Barrick Gold announces that it has made a proposal to the Newmont Mining to merge in an all-share transaction.Barrick CEO Mark Bristow says the merger would unlock more than $7 billion net present value of real synergies.The merger, if approved, would come after years of stagnant gold prices, with futures trapped between $1,000 and $1,400 per ounce over the last several years.Thomas Franck | Tom D...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Monday February 25, with investor attention diverted amid a more than 2% tumble in oil futures over the afternoon, while US-China trade talks continue to act as a strong tailwind for prices. Leading the complex higher over the afternoon, the three-month tin price increased by more than 1% over the...Read More
A flurry of fresh cancellations in LME copper this month has left market participants questioning the metal's depleting exchange inventories.Declining London Metal Exchange stocks have seen copper's three-month price surge above $6,500 per tonne this morning, its highest level since July 2018. Stock movements have predominantly taken place across US locations in February, allowing t...Read More
Fitch Solutions' industry trends analysts have revised Canada's 2019 gold mine production growth forecast up to 6% from 2% predicting production to grow robustly as new projects come online over the coming quarters.Canada's dominance in attracting exploration investment has resulted in a strong gold project pipeline set to come online in 2019. Over the past decade, Canada has been able to attract...Read More
Seaborne coking coal spot prices held steady on Monday February 25 amid thin trading."The market is taking a breather for now but the short-term trend is still up due to tight seaborne supply," an Indian trading source said.While there are at least 12 cargoes of premium hard coking coal and four shipments of second-tier materials - all of which are scheduled for loading in February-April - in the...Read More
SRSrocco says, "while it has been a long and frustrating road for precious metals investors, I can assure you; we will have the last laugh". Here's an update...by Steve St Angelo of SRSrocco ReportSales of Silver Eagles continue to be strong as demand for the official coins surged in February. Moreover, as the Authorized purchases of Silver Eagles jumped by 775,000 oz this past Thursday, the U.S...Read More
Mining stocks are facing an opportunity they haven't seen many times in the past 8-years!This 2-pack looks at the Gold Bugs Index (HUI) and the Gold & Silver Miners (XAU) Index over the past 12-years. Since the highs in 2011, both have created a series of lower highs and lower lows along each (1) line. The counter-trend rally the past couple of months has each mining index facing long-term fallin...Read More
Vancouver-based Copper Mountain Mining Corp. has published a new integrated mine plan that increases both copper and gold production, extends mine life, and lowers cash costs.The new plan includes a modest expansion of the existing Copper Mountain mill to 45,000 t/d and integrates production from the New Ingerbelle deposit.The company has only good things to say about the proposed changes. Mineral...Read More
Newcrest Mining Ltd Chief Executive Sandeep Biswas said on Monday his company would pursue a potential acquisition only if it were the right value for investors, adding that he would prefer to buy assets rather than whole companies."We are happy to do M&A if it's the right value for shareholders," Biswas said at the BMO Global Metals & Mining Conference. "The entire focus in not on the size of oun...Read More