Big News “Underground miners in outback Western Australia have unearthed rare gold specimens which geologists are calling a once-in-a-lifetime discovery.” “The largest specimen weighs in at 90 kilograms and took three men to lift it onto the back of a ute. The quartz rock is covered in an estimated 2,300 […]
Tag: gold
Silver Commercial Traders Decide It’s The Time To Cut Short Positions
“The net speculative position decreased by around 9,000 contracts in silver. At a negative 47,000 net-long position, silver speculators are the most bearish on silver in the report’s history.” “The central bank of India bought gold for its reserves for the first time in a decade and the Mongolian central […]
Scotia Mocatta Metal Matters
Featured quotes from the report: Gold continues to not attract safe-haven interest, even though parts of the global financial system are stressed. International investors see the US as the go-to destination for safe investments. – Lingering uncertainty as to the fallout from US trade disputes. – The rise in distress […]
Gold Climbs Higher As US Dollar Eases
“With gold still close to a 1-1/2 year low of $1,159.96 an ounce touched last month. There is little room for prices to fall, Julius Baer analyst Carsten Menke said. Gold has tumbled more than 12 percent from a peak in April as the dollar rose to 14-month highs and […]
Gold And Silver Are Set Up To Soar
“The banks are positioned for a huge move higher in gold and a sell-off in the dollar. The only question is timing. The commercial category of the COT Report (banks + producers/merchants/processors/users). It says it is net long silver futures for the first time in at least 25 years. In […]
Gold Miners Still Have Risk, But The Rewards May Be Extraordinary
“I’m skeptical about the stock market at the current inflated valuations. I’m especially skeptical when only the US stock market has recovered since the January peak, while the rest of the world’s markets remain in bearish downtrends” “Instead, if you want a shot to make big money in the markets […]
Danielle DiMartino Booth – Gold is the Ultimate Hiding Place
From Greg Hunter’s Youtube Desscription: Former Fed insider Danielle DiMartino Booth says the simple way to protect yourself is get out of debt. You can also do what the wealthy are doing. DiMartino Booth says, “I am no gold bug, but I can tell you gold is the ultimate hiding […]
So Close, Yet So Far | Cliff Droke Seeking Alpha
From Cliff Drove at Seeking Alpha: “It should also be noted that while the U.S. dollar index (DXY, below) remains below its 50-day moving average. It’s still close enough to the 50-day MA that a recovery back above it could quickly be made. Thus, it may be necessary for the […]