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Contrarian investors are constantly searching for unloved stocks that have found a bottom and offer big upside potential as market sentiment shifts.Let's take a look at three unloved industry leaders in the TSX Index that might deliver big gains heading into next year.Barrick Gold (TSX:ABX)(NYSE:ABX)Barrick Gold recently announced a game-changing merger with Randgold that will create the world's l...Read More
The Mountain Province Diamonds, 49%, and De Beers Canada, 51%, Gahcho Ku?(C) diamond mine located 280 km northeast of Yellowknife, Northwest Territories.Mountain Province Diamonds Inc. [MPVD-TSX, NASDAQ] reported results of its eighth diamond sale completed on October 5th 2018.Total proceeds from the sale were US$24.2 million (CDN$31.4 million) from 366,505 carats at an average realized value of U...Read More
When it comes to early FI, I think the end game for all of us is to find a way to maximize our time on this planet. As everyone well knows, time is finite and thus the ultimate currency in the Game of Life. Over the years, more and more folks are realizing this stark truth, and I think that’s why the concept of FIRE (Financial Independence Retire Early) continues to grow in popularity and mo...Read More
An opioid epidemic is destroying lives across America.And chances are this deadly plague has already taken root in your backyard.Opioid addiction, overdoses, and deaths are rising at an alarming rate nationwide. The Centers for Disease Control and Prevention (CDC) reports a 200% increase in overdose deaths involving opioids since 2000.Today, over 42,000 Americans die annually after overdosing on o...Read More
CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02% The Metals: G...Read More
By Ira EpsteinWeekend squaring up leaves gold strong going into next week.https://www.iraepstein.com/ Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort189,200171,53371,278166,143198,139426,621440,950Change from Prior Reporting Period 9,454-46,3887,521-8,16649,6968,80910,829Traders17895885749279194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,79733,468474,418 356-1,6649,165 non reportable positionsChange from...Read More
The sentiment shift is still subtle, but it's both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive comments in the media and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part of this year but lately has ramped up its buying, with August imports more...Read More
By David Brady, CFAAfter falling from 1369 to 1167 in just four months, Gold is attempting to rally now, having risen to a high of 1237 recently. But as I shared in my previous article: "There is significant resistance ahead that could stall Gold's rally, most notably 1244, the 38.2% Fibonacci retracement of the entire drop from 1369 to 1167, and 1251 on a closing basis (1360-1184). If we close...Read More
The gold miners' stocks have been largely ignored and neglected for years. Speculators and investors wanted little to do with them for various reasons. But that apathetic sentiment is finally starting to shift thanks to last week's stock-market plunge. Capital is starting to return to this battered sector as traders begin to realize how radically undervalued it is. Sentiment mean reversi...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourages a healthy debate.People often whisper conspiratorially about the age-old U.S. practice of fixing the gold price at $42.22. "They're just trying to keep gold d...Read More
By Marin KatusaThe economy depended on the spending habits of baby boomers the last three decades.The success and failure of many companies depended on the spending habits of those same baby boomers.It was all about the baby boomers.But that is no longer the case.You must pay attention to the Millennial Generation (those born 1981-2000) right now. And here's why...The most recent U.S. Census ind...Read More
By Avi GilburtI know of no asset other than cryptocurrencies where traders of which adopt the lexicon of the broader trading community and then layer on their own slang. The chief word in the crypto trader's word bank is "HODL," which most interpret to mean "Hold On for Dear Life."The phrase, "I'm just HODLing" is often expressed as a badge of honor, as if holding on to a losing position due to...Read More
By Jordan Roy-Byrne CMT, MFTA It's no secret that gold mining stocks are historically cheap and have been for several years. Traditional metrics like price to cash flow and price to book value showed that gold stocks in late 2015 were at arguably their cheapest points since the start of the bull market in the 1960s. Other metrics showed gold stocks to be the cheapest since the Roosevelt adm...Read More
It was supposed to make gold rally. We mean, of course, the quantitative tightening. But one year after it started, the yellow metal still does not shine. We invite you to read our detailed analysis of the Fed's balance sheet unwind and find out what does it imply for the gold market. Anniversaries, anniversaries everywhere. The analysts focus on the 10-year anniversary of the Lehman Bankruptc...Read More
Stocks fell hard Thursday, supposedly because of growing US-Saudi tensions over the gruesome murder of Jamal Khashoggi, a journalist who has been tough on the monarchy and easy on the Muslim Brotherhood. If such tensions did in fact push stocks lower, as a headline in the Wall Street Journal tried to suggest, then why didn't oil prices rise? After all, the Saudis, pressed to admit the murder...Read More
Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week including our special podcast on Direct Access Gold.From our perspective, the most important developments were the IMF's financial warnings and the escalation in central bank gold buying with Hungary increasing its gold reserves by a whopping 1,000% due to increasing "safety concerns."For...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