No one interested in current income buys gold mining stocks because those stocks are traditionally all about capital gains. As ‘leveraged plays on the price of gold,’ the miners work this way: Let’s say gold is $1,000 per ounce and a hypothetical miner produces a million ounces annually, eking out a net profit of $10 […]
This Is Great News For Gold
The 2010s were not kind to precious metals, in either nominal or relative terms. Gold and silver are down from their 2011 highs and waaayyy down versus equities and other favorite assets of the 1% like fine art and trophy real estate. But this imbalance has begun to reverse, in two ways. First, stocks have […]
Marin Katusa: Is It Time for Silver Stocks To Blast Higher?
Excerpted from Katusa Research: These days, silverbugs have every reason to shout from the rooftops. Even with spot silver trading mostly rangebound, many silver stocks are at or near levels not seen in 3 years. Volume is picking up, momentum is picking up and the top silver companies have performed very well in 2019. So, […]
Gold Seasonality Turns Positive – Prepare For A Big January
The gold market has a saying — “sell in May and go away” – for a good reason: Asians like to give gold jewelry as wedding gifts and tend to hold most of their weddings in the Spring. Asian jewelers therefore have to load up on inventory – in the form of gold bullion – […]
Wells Fargo Tries To Diss Gold, But Fails
Major US bank Wells Fargo has apparently been getting a lot of client inquiries about gold, and has responded pretty much as you’d expect: Hold Some But Not Too Much Gold, Says Wells Fargo (Kitco News) – Wells Fargo is once again cautioning investors from buying too much gold as prices continue to trade north […]
This (Completely Reasonable) Change In Investor Behavior Would Send Gold To The Moon
Mark Mobius took over for the legendary John Templeton at Franklin Templeton’s Emerging Markets Fund back in the 1980s, and filled those big shoes well for three decades. Now running his own shop, he recently made what seems like a completely reasonable suggestion about gold — one that if adopted by the broader investment community […]
Check Out The Epic Battle In The Gold Market
It is generally, if grudgingly, accepted that the “paper gold” markets – that is, the people trading futures contracts and options – are able to dictate the metal’s price and have used this power to suppress and delay gold’s inevitable trip to the moon. It’s also generally believed (at least by gold bugs) that demand […]
Marin Katusa: This Gold Bull Market Is For Real
In his latest report, commodities analyst Marin Katusa lays out the case for a sea change in gold’s relationship to the overall market. Here’s hoping he’s right: Gold Just Had Its Biggest One Day Influx EVER On Friday June 21st, the largest gold focused Exchange Traded Fund (GLD) saw over $1.5 billion flood into the […]
If History Still Matters, Silver Is Poised For A Huge Move
It’s been a pretty good couple of months for precious metals, but more so for gold than silver. Both are up but gold is up more, and the imbalance that this creates might be one of the major investment themes of the next few years. The gold/silver ratio – that is, how many ounces of […]
Finally, FOMO Arrives For Gold
The past few years have been a feeding frenzy for most major asset classes. Stocks blew through previous highs, as did trophy real estate, fine art, and, most recently, Treasury bonds. A big part of the reason for what came to be called the everything bubble was the sense that with everyone else making easy […]
Gold Tests Resistance – Again. Will The Sixth Time Be The Charm?
Here we go again. After a couple of big trading sessions, gold – for the sixth time in five years – is approaching the $1,350-ish level that has, each previous time, stopped it cold. It looks like fundamentals, including the Fed’s capitulation to choppy stock markets and trade-war related economic uncertainties, are trumping gold’s usual […]
Silver Speculators Say It’s Time To Start Buying
The gold futures market took a big step towards bullish — or at least neutral — in the past week. Speculators (usually wrong at big turning points) scaled back their long bets while commercials (usually right at turning points) reduced their net short positions. This is progress, but still leaves speculators long and commercials short. […]
Brutal Gold Futures Action Explains Last Week’s Big Price Decline
Just when it looked like gold futures — which still, unfortunately, dictate the price of physical precious metals — were ready to turn bullish, last week’s commitment of traders report (COT) revealed that commercial traders (usually right at big turns) had gone massively short while speculators (usually wrong at turning points) went aggressively long. That […]
Gold: Seasonality Bearish, Futures Turning Bullish
Early 2019 looked like a great set-up for gold, but failed to live up to its billing. A nice December-through-March run took the price back to the $1,350 resistance that had repelled it four times in the past five years. And that was that. No penetration and fast spike into the $1,500s. Just another failed […]
Interesting Junior Gold Miner Tidbit
It’s been a boring few years for gold miners in general and junior gold miners in particular. The metal has been in a trading range, capital has been relatively scarce, and major deals even scarcer. But under the surface things are bubbling, as a handful of emerging players put up good numbers and make their […]
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