Gold-stock triple breakout

Posted on

The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely… Read More

This Market Will Drive Gold in 2019…

Posted on

      If we want to know where Gold is going we should follow Gold. Right? How about following gold stocks? At times, they lead Gold. What about the US Dollar? Wrong! In 2019, one market more than any other will impact Gold. That is the stock market. History argues (within the current context)… Read More

COT Silver Report – December 14, 2018

Posted on

Silver COT Report: Futures Large Speculators Commercial Long Short Spreading Long Short 71,136 59,880 10,121 64,282 92,161 1,822 -10,069 -4,233 -3,503 8,958 Traders 100 58 50 39 41 Small Speculators Open Interest Total Long Short 174,071 Long Short 28,532 11,909 145,539 162,162 76 -494 -5,838 -5,914 -5,344 non reportable positions Positions as of: 162 130… Read More

Hardrock gold project greenlighted by Canada’s Environment Minister

Posted on

Canada’s Minister of Environment and Climate Change, Catherine McKenna, said this week that, if mitigation measures are taken, Greenstone Gold Mines’ Hardrock gold project is not likely to cause significant adverse environmental effects. The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near… Read More

Barrick ups investment in Reunion Gold, hopes for big payoff in Guiana

Posted on

Canada’s Barrick Gold (TSX, NYSE:ABX), the world’s top bullion producer by volume, is acquiring 12,600,000 common shares of fellow junior miner Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects in South America’s North Atlantic coast. The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner… Read More

Free Gold Will Kill The Paper Gold Casino

Posted on

By Egon von Greyerz – December 14, 2018 We are now in the very final stages of the most remarkable era of alchemy in the history of finance. This cycle started in 1913 with the creation of the Fed and had its death knell in 1971 when Nixon took away the gold backing of the… Read More

The Price of Gold Is Settled in a Casino

Posted on

Published by Egon Von Greyerz | Dec 14, 2018 | Articles 168 In this interview Egon covers a number of subjects which will have significant impact on the world economy including: Europe a basket case – Brussels elite is petrified Brexit will cause contagion Italy could be next to fall, or Spain, or Greece, or…… Read More

Platinum price gets $6 billion shot in the arm

Posted on

On Thursday, platinum futures dipped below $800 an ounce as the metal slides back to near 15-year lows first reached in August. Investors have lost interest in platinum with ETF holdings dropping to five year lows. Other indicators are also bearish – the last time platinum traded at this deep discount to sister metal palladium… Read More