Huge recent imbalances in the gold futures market led many to predict that speculators (usually wrong at big turning points) would be forced to close out their historically extreme short bets. Put another way, too many traders were using gold futures contracts to bet that precious metals will go down, and when those bets are reversed out it will make gold and silver go up. Last week this predict...Read More
There were not many changes in gold, silver and mining stocks on Friday, and not much has changed in terms of the weekly closing prices either. Gold and gold stocks closed modestly higher, and silver was up by $0.01 last week (after declining $0.01 in the previous week). Some data sources point to $0.02 movement in both weeks, but the overall implication is the same - nothing really happened sin...Read More
By Gary SavageFor nine years now every time we have an intermediate degree correction the perma bears crawl out of the woodwork and start screaming the sky is falling. If you had listened to these people you would have missed one of the greatest bull markets in history.We had one of the most destructive bear markets in history in 2008/09. It stands to reason it should generate one of the stronge...Read More
By Keith WeinerLet's continue to look at the fiasco in the franc. We say "fiasco", because anyone in Switzerland who is trying to save for retirement has been put on a treadmill, which is now running backwards at - 3/4 mph (yes, miles per hour in keeping with our treadmill analogy). Instead of being propelled forward towards their retirement goals by earning interest that compounds, they are lo...Read More
By Avi GilburtThe general investment public usually applies the same principles when they choose how and when to invest their hard-earned money. (And we wonder why the general public always gets caught holding the bag at the highs and selling at the lows?) And, much of these "principles" are merely phrases which sound reasonable, but when analyzed, one realizes that they are lacking in substance...Read More
Full Article: THE ROSEN MARKET TIMING LETTERBy: RONALD L. ROSENSince the high of $21.225 in the week of July 8, 2016 silver bullion has consistently made lower peaks right into the week of October 17, 2018. However, ...... both the silver and gold shares have closed above their most recent peak. Could this be a sign of the resumption of the bull market in the precious metals complex? Having star...Read More
My specialty is global macroeconomic analysis. I don't usually get too involved in politics, and frankly I'd prefer to avoid the subject altogether.But at certain times politics intrudes on markets and you have to account for it. With the midterm elections coming up in two weeks, it's certainly a very important time right now.Tuesday, Nov. 6, is the date of the U.S. midterm elections that will det...Read More
Here's the lay of the land. The Senate is currently divided between 51 Republicans and 49 Democrats (including two Independents who caucus with the Democrats). A change of two seats in favor of the Democrats will give Democrats control of the Senate under the leadership of Chuck Schumer of New York.Of the 100 Senate seats, 35 are up for election in 2018. Those 35 Senate seats are currently divided...Read More
When the stock market has suffered a couple of really big slides in a row, like it did last week, the financial advice to those who are freaking out is always: Do not look at your account balances. The advice still stands not to change anything in your portfolio-trying to time the market is a fool's errand.In cryptocurrency there's an acronym: BTD (Buy the Dip), meaning now is a good time to buy c...Read More
Calgary, Alberta (October 22, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has retained Link Media, LLC ("Link Media") to further build awareness and provide communications and market awareness services aimed at maintaining and building the profile of Prize among existing and potential shareholders.Link Me...Read More
Oct 23, 2018 Guest(s): Stephen de Jong CEO & Co-Founder, VRify The mining sector needs to innovate and differentiate themselves, the way Uber disrupted the taxi industry, said Stephen de Jong, CEO and co-founder of VRify. "We need something like what Uber did to the taxi industry. Uber didn't just come along and find an extra few million drivers so we have more options, every single person that...Read More
Continue...Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalizatio...Read More
LONDON, 22 September 2018 - Today's new edition of Which? Money - the personal finance magazine from UK consumer champions Which? - names BullionVault as a simple way to invest in gold.Also quoting data and analysis from the world-leading online platform for private investors, Which? Money says "There are several options [to] buy physical gold...[including] jewellery or as bars and coins from gold...Read More
Much of the American public despises mainstream corporate media, but rather than engage in some self-reflection and admit failure they just complain about Continue...Read More
Wall Street shills are in near perfect agreement that the bond market is not in a bubble. And, even if there are a few on the fringes who will admit that one does exist, they Continue...Read More
Gold has rallied sharply to be trading at well over the psychologically important US$1,200 a mark, although it is still down by 7% for the year to date. Surprisingly for many investors, gold's poor cousin silver has failed to keep pace having lost 15% for the same period. This has caused the gold-to-silver ratio, which measures how much silver is required to buy one ounce of gold, to widen signif...Read More
I have been tremendously bullish on the outlook for intermediate gold miner Kirkland Lake (TSX:KL)(NYSE:KL) for over year. Over the last month, despite gold's latest gyrations, the miner has soared by over 21% to be up by a whopping 70% for the last year compared to the market marking gold down by 7%. While Kirkland Lake has made some substantial gains, there are signs of further upside ahead. No...Read More
The shock of past downward projections belies the true value of established gold miner Guyana Goldfields' Aurora gold mine, says Investor's Digest of Canada junior mining stock columnist Mike Kachanovsky. He calls Guyana a bargain stock and says a rebound in this sector is long overdue.There is a lot of commentary circulating in the precious metals sector about where the final bottom may be found...Read More
It's important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value - in the case of larger-cap producing miners. Or their "optionality" value - in the case of junior mining companies with projects that have a good chance eventually of converting their deposits into mines. "Optionality" value is based on the idea that junior exploration companies with pr...Read More
TORONTO - Canada's main stock index moved lower in late-morning trading as the key energy and materials sectors fell in the wake of lower commodity prices.The S&P/TSX composite index was down 73.53 points at 15,396.57.In New York, the Dow Jones industrial average was down 35.15 points at 25,409.19. The S&P 500 index was up 0.16 of a point at 2,767.94, while the Nasdaq composite was up 60.59 point...Read More