Abbreviated trading sessions coming up with the holiday coming up. Traders will even up. When you take a look at gold, consolidating into a pattern of..
Does crude oil have much room to rally from here? Gold is not down much from its recent 7-year highs. You can see the tighter range in the market in consolidation..
By: Chris Marchese, Chief Mining Analyst at GoldSeek.com - 19 May, 2020
With three very impressive advanced stage silver projects coming online over the next three-four years (Juancipio: 2020, Las Chispas: 2022, and Corani: 2023/2024), what comes after? This leaves very few silver projects to be excited about. There are a very large number of higher-grade deposits that are relatively small (i.e. those owned by Alexco Resource and Aurcana) and a larger number of low-grade uneconomic deposits below $22-$24/oz. Ag (i.e. Pitarilla). One exceptionally quality project, however, is New Pacific’s Silver Sand project, which, from the very start of exploration has illustrated continuous impressive results. Full Story
Vaccine hopes yesterday helps markets. Gold was initially up on the Fed Chair's comments but then after the vaccine news, it took gold and silver from its highs. But the current set-up...
The best performing precious metal was silver, up 7.30 percent. Gold had a strong week and held above $1,700 an ounce. Bullion rose the most in a week on Wednesday after Fed Chairman Jerome Powell said that the U.S. economy is facing unprecedented downside risks that could do lasting damage. Powell pushed legislators to take more action to support the economy. The possibility of negative interest rates and continued near-zero rates is supportive for the yellow metal. By the end of the week bullion was holding near $1,750 an ounce. Goldman Sachs’ global head of commodities Jeffrey Currie said in a Bloomberg TV interview this week that gold is his favorite commodity trade right now. “There are a lot of reasons to still hold gold. Foremost is that you are still seeing the debasement effects of all the stimulus measures.” Full Story
Gold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..
By: Chintan Karnani, Insignia Consultants - 18 May, 2020
Gold, silver, copper and crude oil are all very bullish. Gold can rise to $1800+ by tomorrow if the rise continues. Silver can break past $20.00+ if the rise continues. Crude oil will if it floats over $30.00 this week will rise to $37.60 and more. Copper is bullish as long as it trades over $228. Full Story
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