After testing the recent lows of $1,850, December gold futures have been trying to breakout to the upside. $1,910 has been the stumbling block where gold has failed the last three days. The long-term trend is still short and failure to take the $1,910 level out, will bring gold back to $1,850 and possibly […]
Tag: Investors
What Will Work in the Post-Covid Economy? Hint: Gold and Silver – Weekly Wrap Up (Sep 18, 2020)
It’s been a wild week in terms of fiscal policy, and precious metals continue to hold steady in the face of disappointing economic numbers. This week, legendary investor Eric Sprott returns to break down all the gold and silver news you need to weather the post-Covid reality. In this edition […]
Why is platinum surging and should you be investing?
Platinum is taking investors by surprise with its unexpected September rally, rising nearly $100 during the past two weeks. On Tuesday, platinum surged nearly 3% on the day, with October platinum breaching $980 an ounce. At the time of writing, October futures were trading at $983.80, up 0.16% on the […]
Eric Sprott takes 2.3% stake in First Majestic Silver, valued at C$78 million
The silver market continues to heat up and one billionaire investor continues to increase his exposure to the precious metal through the mining sector. Thursday, First Majestic Silver Corp. (AG: NYSE; FR: TSX) announced a bought deal where Eric Sprott will buy 5 million shares of the silver producer, the […]
Gold, silver and platinum hold support
Gold, silver and platinum held support on Thursday, showing that they are not going straight down. However, the facts are simple: the metals are weak and have a great potential to break hard to the downside. There is no doubt that there are reasons to own gold. However, price action […]
After an Incredible Week, Huge Things Happening in Silver – Weekly Wrap Up (August 7, 2020)
It’s been a great week, with silver up $3.50 and gold up $70. But is the surge over or will there be greater gains in the weeks ahead? Host Craig Hemke and legendary investor Eric Sprott break down all the gold and silver news you need to navigate this incredible […]
Gold price at daily highs following 0.2% decrease in U.S. PPI
Gold prices are at daily highs as the U.S. Producer Price Index (PPI) falls short of expectations in June, declining 0.2%. Market’s consensus was expecting to see a rise of at least 0.4% on a monthly basis. The annual PPI also disappointed market forecasts, falling 0.8% vs the expected 0.2% […]
Gold is the asset to hold in a dangerous world – Ballingal Investment Advisors
Gold prices have achieved an important milestone, testing critical resistance at $1,800 an ounce, and one Australian firm is expecting that prices will continue to push higher. In an interview with Kitco News, on the sidelines of the Mines and Money Online Connect virtual mining conference, Andrew Ballingal, founder and […]