Oil, copper and silver all beaten up.
Precious Metals Mining News
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about […]
Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot […]
In this interview with The Gold Report, Nagle selects some promising precious metals stories, along with his two top picks in the base metals space.
International anxiety may be good for gold prices, as gold continues to have a place as a store of value in uncertain times, says Mike Niehuser of Scarsdale Securities.
John emphasizes the belief that this period parallels the mid-70s bull market correction, and when asked about the depth of the current sell-off, noted that, “I don’t think I’ve ever seen, in the 40 plus years I’ve been following the sector, the shares cheaper in relation to the price of bullion as they are now.”
With commodities now moving down into their three year cycle low I’m hearing more and more talk about deflation. This is complete nonsense.
Be prepared to pick up quality situations during tax loss selling season and benefit off of a powerful January Effect rally.
Andrew Kaip, managing director of mining equity research at BMO Capital Markets, says the stark reality is that the precious metals sector is only part way through a down cycle and that structural issues will result in a fresh phase of consolidation
This week has been extremely volatile for oil, currencies and stock markets. Against this background gold and silver have drifted sideways to slightly lower, which given the dollar’s strong performance is almost a positive result.
Relative strength in Gold has preceded important bottoms in the Gold price during 2001, 2005 and 2008. That relative strength is starting to show.
Alternatively, watching paint dry. That’s how it has felt this week with gold’s volatility slowing to a crawl ahead of Thanksgiving yesterday and the Swiss gold referendum on Monday.
Florian Siegfried, head of precious metals and mining investments with Zurich-based AgaNola, says there are small signs—fewer equities participating in the recent rally, greater spreads in the high-yield market—that the sentiment toward gold is changing.
This is not a time to panic but continue to accumulate as the bear market may be reaching the final capitulation stage.
There is more downside ahead and bulls should continue to stand aside before a favorable buying opportunity emerges.
Speaking towards the overall market Rick noted that, “The market itself is very healthy. You are seeing a transition…a transition that doesn’t suggest, but rather screams that [junior resource issues are] under accumulation—which is a very, very bullish sign.”
A few weeks ago, we heard from Pierre Lassonde of Franco-Nevada on the power of the royalty business model. Just recently, I spoke with another ‘superstar’ of the natural resource industry -- Frank Giustra.
Precious metals miners have successfully digested their sharp gains from early summer. The miners have continued to hold above key retracements as well as 200-day moving averages that are now sloping up.
We are experiencing some very strange times. People are turning on one another over everything from race and religion to socio-economic status. Governments are waging wars against not just foreign governments, but their own citizens resulting in standoffs in suburban streets!
Investors are disillusioned by the inability of silver prices to rise to higher ground as silver enters its 4th year of looking anything but sparkling.
Under normal circumstances, the release of bad Growth Domestic Product (GDP) figures would have induced some selling in equities, but almost every time there is negative news, particularly in the US the stock market moves higher.
In this month’s Markets at a Glance, we present a collection of thoughts on why we think precious metals are a compelling investment now.
Though precious metals are rallying on the day we penn this, we expect more downside before a final bottom or at least before we’ll exit hedges and begin buying. Since the hard reversal in March […]
Precious Metals continue to be in a long bottoming process that began last summer.
More small companies are cutting precious metal deals with sector giants to bankroll new projects without surrendering equity.