Silver Expected to Rally

Source: Clive Maund for Streetwise Reports 07/10/2017 This could be an optimum time to buy silver and high-quality silver stocks, says technical analyst Clive Maund, as he expects a sizeable silver rally to ensue. June is silver’s worst month of the year by far, on a seasonal basis, and its price dropped significantly this June. However, we are now well into July, and July is seasonally silver’s 2nd best month of the year, and as the month got off to a bad start, it is reasonable to expect things to look up, especially as silver put in what looks like a high-volume Reversal Day on Friday, when it broke down below support but then got back above it later in the day. We can see silver’s dive into what looks like a capitulative high volume Reversal Day on Friday to advantage on its 6-month chart, and the chance of its … Continue reading

Gold Outlook Increasingly Bullish

Source: Clive Maund for Streetwise Reports 07/10/2017 Technical analyst Clive Maund is scouring the charts and finds strong bullish developments for gold that could mark the start of a growth phase. I had thought that gold might escape its usual seasonal malaise this year, but it didn’t and went into a rather sharp downtrend and dropped again quite sharply on Friday. The good news though is that this drop has not impacted the big picture at all, which remains strongly bullish, and a bonus is that this drop has flushed out a lot of remaining weak hands, as we will see when we come to the latest COT charts and set the sector for a reversal soon leading to a strong uptrend. On the latest 6-month gold chart we can see the downtrend in force from early June, which on Friday took the price beneath the May low. Moving averages … Continue reading

TheDailyGold Premium Update #525

By Jordan Roy-Byrne CMT, MFTA We have been bearish and pounding the table to subscribers in recent weeks. In TDG #525, a 28 page update emailed to subscribers Saturday evening we stressed the bearish primary trend in precious metals and the sector being in the midst of a technical breakdown. In the update we commented on the companies we own as far as their recent developments, downside support levels and potential upside levels in roughly 2 years should Gold begin a bull market in early 2018. We also added two companies to our watch list: one that made a great discovery and is correcting significantly and another that has a current enterprise value of only $8M. …read more Source:: The Daily Gold The post TheDailyGold Premium Update #525 appeared first on Junior Mining Analyst. … Continue reading

India imports more gold in H1 than all of 2016

By analyst By Andrew Topf Gold is once again pouring into India following the cratering of physical demand for the precious metal last year to a seven-year low. A collapse in demand from India, the backbone of the global physical trade for decades, was behind the weakness, but Chinese appetite for gold also waned significantly in 2016; strength in the US dollar also crimped demand. Quoting data from GFMS Thomson Reuters, Business Standard reports that India imported 521 tonnes of gold between January and June, versus 510 tonnes in all of 2016. However, physical demand for gold has been surging in India since January, following a plan by the Indian government last November to “demonetize” the equivalent of US$220 billion in large Indian bank notes – an astounding 86% of the circulating currency – which had a disastrous effect on the gold trade, and other sectors of the Indian economy … Continue reading

Ross Beaty awarded Order of Canada

By analyst By Andrew Topf Mining magnate and philanthropist Ross Beaty joins other prominent Canadians in being among those awarded membership in the 2017 Order of Canada. Established in 1967 by Her Majesty Queen Elizabeth II, the Order of Canada recognizes outstanding achievement, dedication to the community and service to the nation. The Order recognizes people in all sectors of Canadian society, including achievements in business. Beaty was among 99 named to the Order, including Newfoundland folk singer Alan Doyle, Garry Lindberg for his contributions to the Canadarm and space programs, and Vanity Fair editor Graydon Carter. The award shows that mining and environmentalism are not necessarily incompatible. Beaty, the founder and chairman of Pan American Silver (TSX, NASDSAQ:PAAS) and executive chairman of Alterra Power Corp – a geothermal, wind and hydro power company – is also a generous philanthropist. In May he gave $5 million over 10 years to … Continue reading

Explosion at Norilsk Nickel mine kills four

By analyst By Andrew Topf Four miners were killed in an explosion at the Zapolyarny Mine, part of the Polar Division of Norilsk Nickel. The accident happened during drifting activities carried out by Polar Construction Company, a contractor of Nornickel. The company blames a build-up of methane, which ignited in the shaft. Several more workers were injured in the explosion which occurred at 10 am on Friday, July 7. All other miners were evacuated to the surface and all personnel have been accounted for. Emergency services including medics and mine rescue teams were deployed to the site. “Following this tragic accident our thoughts are with the families of our colleagues who have died and those injured. The company will provide all support we can offer to them. In the meantime our priority is on safe evacuation of other workers who were on site. This is a serious situation, but one … Continue reading

The Morgan Report’s Weekly Perspective with David Morgan

By David Morgan The Morgan Report’s Weekly Perspective | The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free weekly e-letter… I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors. The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset protection. Thus was born The Morgan Report – since then we’ve helped 11,000-plus members scattered … Continue reading

Forward Guidance: Ryan Fitzwater on How to Automate Your Portfolio

By Samuel Taube On this week’s episode of Forward Guidance, Oxford Club Research Director Ryan Fitzwater joins us to discuss automatic investing. According to Ryan, the core concept of automatic investing is “pay yourself first.” It’s an approach that involves transferring money from each paycheck to a retirement or brokerage account – before budgeting for living expenses or entertainment. This approach allows people on tight budgets (and undisciplined savers) to put away money for retirement without seeing it or thinking about it. As an example, Ryan lays out the long-term effects of automatically investing $10 per day. A 25-year-old investor who saves this amount and earns a 10% annual return will have approximately $1.66 million by the time they turn 65. This approach has several advantages over “manual” investing. It’s a passive approach that requires very little maintenance, and it’s also more cost-effective than making large, sporadic investments. That’s because … Continue reading

KER Politics – Sat 8 Jul, 2017

By Big Al What I believe that President Trump said in Poland There is a lot of rhetoric coming out in the Press, perehaps most recently The Atlantic, that is negative about what President Trump said in Poland. Here is how award winning columnist Peggy Noonan put it in her most recent “Delarations” “And so to President Trump’s speech in Warsaw. Near the top he deftly evoked John Paul’s 1979 visit and the sermon that brought on the chants. “A million Polish people did not ask for wealth. They did not ask for privilege. Instead, one million Poles sang three simple words: ‘We want God!’ ” He called the Polish people “the soul of Europe.” It was a grown-up speech that said serious things. Article 5, the NATO mutual defense commitment, is still operative. Missile defense is necessary. He called out Russia for its “destabilizing activities.” He spoke as American … Continue reading