Outer space might be safer than investment markets this week. I’m dizzy. How about you? The decline of gold, silver, most metals, and along with them (until the week’s close and a vibrant recovery), tremendous fluctuations in Fortune 1000 equities and bond prices, and an ever-strong USD, are taking their toll on all of us. The recovery Friday …
As Miners Get Whipped, Ghana ‘Shoot’ Bears Promise The New Orleans Tapes: Fresh From Brien Lundin — below and here. The cute banner below got a lot of guffaws from the crowd. TCRs, Xtra-Gold Resources XTG XTGRF: the longstanding (since 2008) exploration team at Ghana’s Kibi Gold Belt has fresh drill core from what could be (emphasize could be) a …
Also: Alaska Miner Shows Greater Costs TCRs, shares of Ghana gold explorer and alluvial gold producer Xtra-Gold Resources are at their highest point since late 2011. The gains come as shares of many small miners, less than $300 million market value, are declining in a tax-loss selling start of December. The self-financed Xtra-Gold XTG XTGRF …
Precious metals drop 3%: geopolitical and inflation nerves ease. [Recovering $10 — futures contract. Tuesday update] Brien Lundin just now: “Looks like games being played again on futures exchanges, with a battle royale amongst hedge funds vs. bullion banks at month end, with supposed peace in the Middle East as a fulcrum.” More below.** TCRs: …
Interactions with principals of Banyan Gold & QC Copper & Gold. And more … Uranium Rush | Amex Exploration | Newcore Gold … Contango Ore Update A Ferocious Precious Metals Rebound The latest [Nov. 18-19, 2024] — to say gold and other precious metals, silver, platinum, and their miner equities, are shaking off last week’s …
Also: Watching Paint Dry Crypto currrencies, led by Bitcoin (Dogecoin and others) and supporting ETFs, are breaking away as gold, hammered by relentless dollar strength, drops toward $2,600 an ounce. Most blue-chip stocks worldwide are also rising in the wake of last week’s Republican election victories in the United States. Ten-year U.S. Treasury interest rates and their corresponding prices are flat. Oil futures are losing …
“Gold, silver and the miners are back on the bull market track. The buying opportunity of the past couple of weeks seems over, although great values continue to abound in the juniors.” — Brien Lundin, New Orleans Investment Conference* Revalued Bullion = Debt Savior TCRs, I rarely forward gold pieces that seem too technical … or hypothetical. …