CloseGain/LossGold $1331.50+$6.50Silver$16.73+$0.10XAU83.28+0.03%HUI182.38+1.40%GDM633.15+0.87%JSE Gold1112.83+2.36USD90.77-0.16Euro122.37+0.29Yen92.13+0.04Oil$67.70-$0.9410-Year2.992%+0.017T-Bond142.50-0.46875Dow24024.13-1.74%Nasdaq7007.35-1.70%S&P2634.56-1.34% The Metals: Gold gained $3.50 to $1328.50 in Asia before it fell back to $1323.50 in London, but it then climbe...Read More
Gold is selling off on stronger dollar, higher US real rates.Speculators lifted their net long positions for the 1st time in 3 weeks over April 10-17, the CFTC shows.ETF investors keep buying gold at a steady pace, FastMarkets estimate.What's driving the negative macro environment for gold?Although some bulls may lose patience, I am not worried by the noise of the market. I stay long IAU, expectin...Read More
Steve explains three factors that were responsible for silver's behavior last year, and he explains what is going on with silver right now. Here's the details...by Steve St Angelo of SRSrocco ReportThe Silver Market is setting up for one heck of a move higher as investors are waiting for the signal to start buying. While the silver price has shot up due recently, it still isn't clear if this is...Read More
CLICK ON CHART TO ENLARGESince early 2016, Silver looks to be a narrowing pennant pattern, highlighted by a series of higher lows and lower highs. These patterns tend to frustrate both bulls and bears, as it range narrows and trends are non-existent.Silver in the past three weeks has rallied off support, where it is now touching the underside of falling resistance at (1).Since July of 2016, Silver...Read More
It was an interesting week in the precious metals complex. There appeared to be the start of a short squeeze in Silver (hedge funds were heavily short) but it ceased at an important resistance. Meanwhile, Gold closed the week on a weak note, losing $1340-$1350. The gold stocks, like silver closed the week below technical resistance. The price action in the complex continues to suggest that a break...Read More
Story by Jeff DesjardinsIs the commodity supercycle coming back from the dead?For now, such a claim could perhaps be considered both bold and premature - but there does seem to be some compelling evidence that is mounting to back it up.The asset quiltAccording to the most recent "Asset Quilt of Total Returns" put together by Bank of America Merrill Lynch, commodities are the top returning asset cl...Read More
The gold-silver ratio has averaged 81x to date in April, a level only briefly surpassed in 2016 and otherwise unseen since the global financial crisis. Our conviction that this ratio is too high and set to turn was reinforced by the recently published 2018 GFMS Silver Survey. The report shows that the silver market recorded a deficit last year for a fifth consecutive year, even as retail investmen...Read More
The gold juniors on our list have seen strong returns over the past monthSmallCapPower | April 19, 2018: Gold prices have increased over the past month, driven by Syrian geopolitical tensions, up to US$1355/oz. from US$1310/oz. one month ago. The gold juniors on our list today have seen average returns of 22%, outperforming the GDXJ, which increased 6% over the same period. Strong exploration resu...Read More
Mike Maloney & David Morgan take a look at the recent price action in silver. Is this a breakout or a fakeout? Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious me...Read More
Michael Kosowan is the CEO of Torq Resources. In this interview, he fields Sprott Money customer questions regarding gold, the Canadian dollar and the mining sector.Read More
By: Paul FarrugiaGold and silver mining stocks face increased risks and uncertainty in 2018, not seen by investors and mining management teams for quite some time. Many of the top risks to gold stocks are related to geopolitical and financial, which will only compound the already high operational risks. Many of these top risks to gold stocks can be applied to silver stocks and any commodity stocks...Read More
Bob Moriarty ArchivesApr 19, 2018The UK, France and US have committed another series of war crimes in Syria, attacking a sovereign nation without even the pretense of UN or Congressional or Parliamental approval. In short the entire fiasco was illegal according to all international law. They did it on the basis of what was obviously a false flag operation that the Russians warned was being set up...Read More
This week’s about knowing when it’s a low risk time to buy gold stocks.We’ve had two things happening over the past several years…One… The S&P 500 has soared to record heights as the economy came out of the housing crisis dungeon.Two… Gold stocks, plus other commodities went into the dungeon due to a multi-year bear market in commodities. Since both thing...Read More
Boom! The U.S. and its allies struck Syria in responseto a suspected deadly chemical attack several days ago. Gold should be the safehaven in such situations, right? But the price of gold was practicallyunchanged on Monday. What happened?U.S. StrikesSyria. Gold YawnsA lot has happened in recent days. Luckily, we havekept an eye on the most important developments for you, so let’s analyze the...Read More
Graceland Updates By Stewart Thomson 1. Sales and profits growth for key Asian gold jewellers continues to set the stage for an imminent and massive mining stocks rally.2. Please click here now. Double-click to enlarge this fabulous Chow Tai Fook chart.3. A major breakout to the upside is in play, and where Chinese jewellers go on the price grid, Western miners are likely to...Read More
By Frank HolmesYou've no doubt heard that everything's bigger in Texas. That's more than just a trite expression, and I'm not just saying that because Texas is home to U.S. Global Investors.Want to know how big Texas really is? Let's compare its economy with that of Russia, the world's largest country by area. As you probably know, Russia's been in the news a lot lately, so the timing of this co...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 9.16 percent on concerns new Russian sanctions announced at the start of week could disrupt supplies. Gold traders and analysts are at their most bullish on the gold price in a year, according to the weekly Bloomberg survey. Gold ETFs saw holdings increase for seven consecutive days with total holding...Read More
Researchers at the Sandia National Laboratories in Albuquerque are using ultrasonic waves to strip gold from SIM cards. In a report by ABC, materials chemist Dale Huber said that even though many different research groups are trying to recover the yellow metal from electronic waste, in most cases they are using environmentally unfriendly techniques like separating gold from other components by boi...Read More
Trade tensions ramp up and cool down - tariffs are historically bearish for the dollar.The Middle East is about ready to explode.A trade war or outright war could curb the Fed's enthusiasm.Gold is close to a breakout level.Better opportunities in the yellow metal's precious cousins?The price of gold traded to a low in December 2015 at $1046.20 per ounce, and since then the yellow metal has been ma...Read More
Featured GuestsPeter Grandich, Bill Murphy & Listener's Q&AShow HighlightsBill Murphy of GATA.org says it's business as usual in the markets; the gold / silver price rigging continues to plague the sector. Dovish comments from the new Federal Reserve Chairman, Jerome Powell, suggests a relative value in commodities relative to shares and paper assets.The World Gold Council notes gold reached pea...Read More