Why Doug Casey Thinks We Could See $5,000 Gold

Why Doug Casey Thinks We Could See $5,000 Gold By Justin Spittler One of the world’s biggest central banks just swung its “sledgehammer.” On Thursday, the Bank of England (BoE) launched its biggest stimulus package since the 2008–2009 financial crisis. It cut its key interest rate to a record low. It started “printing” money again. And it announced a new “funding scheme.” The BoE launched this massive easy money program to soften the blow of the “Brexit.” As you probably heard, Britain voted to leave the European Union (EU) on June 23. The historic event rattled Britain’s financial system. The FTSE 100, Britain’s version of the S&P 500, fell 3.1% on the news. It was the worst day for British stocks since 2008. The pound sterling, Britain’s currency, plunged 8%, its biggest one-day drop on record. In the aftermath, many analysts predicted Britain’s economy would take a serious hit. Some … Continue reading

Gold Standard Ventures’ Monster Hole

Precious metals expert Bob Moriarty discusses Gold Standard Ventures’ latest drill results and explains why he has been a fan for a while. On August 9, 2016, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) released yet another barn burning drill hole at their North Dark Star deposit in Nevada in the Carlin Trend. They have done it so many times it’s starting to get boring. This was 126.2 meters of 3.95 g/t gold. At today’s price for gold, that’s $170 rock. Near surface and oxide. Just the way majors like things. Last year I wrote about them in May when they were $0.66 a share. I said, “Gold Standard’s plans for this year include a 6,000-meter RC drill program at Pinion and Dark Star. That and an increase in the price of gold should be enough to start the share price going higher.” I wrote about them again in November when … Continue reading

Q&A: Legendary executive Rob McEwen talks about gold mining in golden times

DERRICK PENNER More from Derrick Penner Published on: August 4, 2016 | Last Updated: Rob McEwen, self-described chief owner of McEwen Mining Inc. VANCOUVER SUN Legendary mining executive Rob McEwen knows a thing or two about gold-mining companies, having built Goldcorp Inc. into a powerhouse producer before stepping down as chairman and CEO in 2005. Now, he’s working on building up his next venture, McEwen Mining Inc., with mines in Mexico and Argentina just as gold has hit a rebound. The Vancouver Sun caught up with him at the recent Sprott Natural Resources Symposium to talk about his views on where the rally is going: Q: With your firm, you take the title chief owner. Why is it important for you to spell that out? A: I think it’s very important that people running companies have skin in the game, they have something at risk. They don’t just get a big salary … Continue reading

Signs Are Silver Bull Market Is Consolidating

Having hit a target, silver has formed what is believed to be an intermediate top over the past five weeks or so, which it should soon start to descend from, says technical analyst Clive Maund. On its three-month chart, we can see this presumed topping pattern started with the appearance of a prominent “Gravestone Doji” or “Shooting Star” candlestick early in July, with its negative implications being amplified by its having occurred on very high volume. While moving averages are in bullish alignment, the now yawning gap between the 50-day and 200-day makes a correction likely. After dipping back during August, the price rallied toward the highs early this month, and then failed, dropping hard on Friday, making it very likely that a Double Top is completing. On the 8-month chart, we can clearly see why silver is likely to form an intermediate top here—it has risen up to become … Continue reading

Gold and Silver Bull Market Correction Expected

Technical analyst Jack Chan is awaiting the gold bull correction and sees it as a good entry point for gold. Our proprietary cycle indicator is down. We have a set up to short GLD with tight stops. We have a non confirmation this week as prices made a new high while indicator made a lower high. Summary A bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike, therefore, it is not if but when a correction will begin. Bull market corrections can be very sharp but short lived, therefore, the next cycle bottom could be an excellent entry point. Meanwhile we have a set up to short GLD with tight stops. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in … Continue reading

Seabridge Is Turning Cash into Gold

Seabridge Gold hosts one of the world’s largest gold resources, offering shareholders exceptional leverage to a rising gold price. Chairman and CEO Rudi Fronk explains his company’s value-enhancing strategy of obtaining resources at low cost and spinning them into gold. The Gold Report: Would you tell us about Seabridge Gold Inc.’s (SEA:TSX; SA:NYSE.MKT) strategy? Rudi Fronk: Our strategy is essentially to turn cash into gold. When we founded the company 17 years ago, it was to give our shareholders maximum exposure to the gold price. That meant taking a different approach to the business. If you look at what the gold mining industry is doing, they are turning what we believe to be a superior form of money—gold into an inferior one—the dollar. At Seabridge, we like to think of ourselves as modern alchemists turning cash into gold. Over the last 17 years, we have used cash from our shareholders … Continue reading

Royalty Deal with Waterton Should Bolster Terraco Gold

Terraco Gold’s recent Spring Valley royalty deal with a private Waterton investment fund has primed the company and its investors for growth. In an article posted recently in MiningWEALTH, Ben Kramer-Miller describes Terraco Gold Corp. (TEN:TSX.V) as a “a junior royalty company with a NSR royalty on Waterton’s Spring Valley deposit.” Though Kramer-Miller calls Spring Valley “a highly advanced, multimillion-ounce gold deposit in low-risk Nevada,” Terraco’s shares have yet to reflect the value of the Spring Valley asset. “As a result, we believe that there is a market disparity worthy of exploitation by shrewd investors,” Kramer-Miller states. As noted in an in-depth look at Terraco in an article posted by The Critical Investor, the company “made headlines with a game-changing deal based on the well-known Spring Valley gold project (next to the Rochester mine owned by Coeur Mining Inc. [CDE:NYSE]) in Nevada” in May, and closed the “US$19M transaction with … Continue reading

Money Always Moves from Weak Hands into Strong Hands

Precious metals expert Bob Moriarty advises investors on how they can avoid the disinformation and invest with the smart money. Over the last 15 years I have come to realize just how much disinformation and simply bad information there is available to readers of financial matters. Much of what you watch and hear is simply wrong. People wonder why they consistently lose money and it’s simple. The best-informed investor is the most profitable investor. But that’s not in terms of quantity of investing information; it has far more to do with quality of investing material. Listen for the signal and learn to ignore the noise. If you reduce investing to the financial atom level, it really has to do with money flow. Money always flows from weak hands into strong hands. That’s something you should have learned in kindergarten. The smart money buys at bottoms and sells at tops. The … Continue reading

Oil Shares Now Attractive for the Long Term

Technical analyst Jack Chan charts a new major buy signal for oil stocks. $OSX has confirmed a new major buy signal, which can last for months and years. Speculation has now reached the level of previous pullback bottom. The bottoming process continues. Summary With a new major buy signal in place and the cycle having bottomed, investors can cost average in on oil stocks and/or ETFs, and hold for the long term. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, … Continue reading

Gold Equity Correction Overdue

Technical analyst Jack Chan foresees a gold bull market correction, which he believes would make an excellent entry point. Our proprietary cycle indicator is down. GLD remains on short-term sell signal. Gold stocks as represented by $HUI have not had a consolidation this year and it is long overdue. The big picture remains the same in the dollar as the multi-month consolidation continues. Summary A bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike, therefore, it is not if but when a correction will begin. Bull market corrections can be very sharp but short lived, therefore, the next cycle bottom could be an excellent entry point. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past … Continue reading