Precious metals expert Michael Ballanger explains why he believes gold is bottoming. Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this morning and while we have seen readings lower than this at other bottoming period...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
The gold miners' stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain exceedingly cheap relative to the metal which drives their profits, and they continue to establish a strong technical base. They are read...Read More
By Frank HolmesThirty-year mortgage rates might have ticked up in the past 12 months, but for now that doesn't seem to be weighing on new home demand. According to the Commerce Department, housing starts climbed to an 11-year high of 1.35 million units in May, a clear sign that the market has continued to improve following the subprime mortgage crisis a decade ago. This is constructive pun ful...Read More
Brian Groves, CEO and Director of Genesis Metals, discusses the progress being made in growing high-grade ounces of gold at that company's Chevrier project in Quebec.Read More
ICE, ICE babyCopper prices retreated again on Monday to $3.09 a pound or $6,830 a tonne, bringing losses for the bellwether metal over the past week to nearly 6%. Two weeks ago copper touched the highest levels since January 2014.Worries about the impact of a trade war between the US and China, which is responsible for nearly half the world's industrial metal demand, are behind the pullback, but l...Read More
By Frank HolmesStrengths? The best performing metal this week was silver, down just 1.37 percent. Gold traders and analysts were bullish on the yellow metal due to speculation that the now confirmed interest rate hike by the Federal Reserve could ease the dollar's rally, according to Bloomberg. It is of interest to note that over the last three weeks gold stocks, as measured by...Read More
By Frank HolmesThe U.S. inflation story made further inroads this month, with year-over-year price growth for consumers and producers alike hitting multiyear highs. U.S. consumer prices expanded at their strongest pace in more than six years, climbing to an annual change of 2.8 percent in May. Prices for final demand goods, meanwhile, grew 3.1 percent, their strongest annual surge since December...Read More
Air Date:June 16, 2018Ross Clark -Gold and Silver. Russell 2000. To receive your FREE TRIAL thru July 1, 2018 of "Timely Technical Analysis and Insightful Market Commentary" - email RossClark@ChartsandMarkets.comGuest's website:https://chartsandmarkets.com/Doug Casey - Trump, Gold, Deep State, Electric Vehicles, and StupidGuest's website:https://www.caseyresearch.com/Bob Hoye - Gold, Bonds, Cu...Read More
Dear Friend of GATA and Gold:Interviewed this week by Craig Hemke of the TF Metals Report for Sprott Money News, financial commentator Doug Casey charges that complaints of gold market manipulation by governments are "ridiculous" and "laughable" because governments "don't care" about gold. Casey adds that while GATA's officers are "nice" and "sincere" people, "they really wear tinfoil hats when...Read More
To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.comEric agrees that the average gold investor likely feels rather depressed. However, behind the scenes, there is a lot of activity. Kirkland was up 150% last year, and Novo has good performance. He feels we are still in the beginnings of a bull market for several reasons. Real economic recovery is lack...Read More
Please Subscribe to my NEW Channel!https://goo.gl/aLqrUKThank You...Read More
By Steve St. AngeloHarry Dent has been making the rounds suggesting that for gold to get back to its pre-bubble price, it would need to fall to $400 or $450. If we were to believe Mr. Dent, then it would be bad news for gold investors. However, Harry Dent's gold price forecast is quite faulty because he fails to consider the most critical factor.Harry Dent has become well-known on the intern...Read More
By Frank HolmesIf you live in Texas and have any extra gold bars, coins and/or jewelry lying around that need safekeeping, you're in luck. The Texas Bullion Depository, the first of its kind in the U.S., officially opened to the public in Austin last week, putting a cap on three years of planning and construction. The private firm managing the facility, Lone Star Tangible Assets, calls it the "w...Read More
June 12, 2018 (Investorideas.com Newswire) Howard Klein of RK Equities and the "Lithium-ion Bull" newsletter expresses his thoughts on several different segments of the lithium market.Lithium equities these past two or three years have often been the land of the Deaf, Dumb and Blind: Most Institutional Investors, Certain Sell-side Analysts, and Mass Affluent Retail are playing bitcoin, cannabis an...Read More
Advancements in satellite imagery have made it easier for exploration companies to collect vast amounts of data on potential gold deposits.Read full newsRead More
Is there more than one "Bingham Canyon"?Guest's website:https://secure.kaiserresearch.comProduced by https://www.HoweStreet.comDon't miss out - Stay Informed!Receive the HoweStreet.com Weekly Recap with thought provoking podcasts, radio and articles delivered to your inbox.Sign up for the HoweStreet.com Weekly Recap on the homepage at https://www.HoweStreet.comRead More
Canaccord Genuity has been involved in the most mining deals in 2018.Canaccord has been an agent in 13 mining closed mining deals year-to-date with duties ranging from lead underwriter to selling agent. Second is BMO Capital Markets with 11 deals.Total number of agents that made mining deals in 2018 year to date were 99. Top 20 are graphed below.Over US$4.4B financing was closed year to date with...Read More
• Has been oscillating between two converging trend-lines over the past three-weeks, forming a symmetrical triangle on 4-hourly chart and points to a consolidation phase before the next leg of a directional move. • The commodity's inability to register any meaningful recovery from multi-month lows and acceptance below the very important 200-day SM...Read More
CloseGain/LossGold $1300.40+$1.90Silver$16.93+$0.17XAU83.63+0.84%HUI180.17+0.75%GDM627.22+0.60%JSE Gold1059.78-0.35USD93.58+0.01Euro117.85+0.15Yen90.92-0.48Oil$66.10+$0.3610-Year2.953%+0.010T-Bond143.65625-0.375Dow25322.31+0.02%Nasdaq7659.93+0.19%S&P2782.00+0.11% The Metals: Gold gained $2.60 to $1301.10 in Asia before it fell back to $1294.20 in London, but it then climbed to a new sessio...Read More