Just as the world was breathing a massive and collective sigh of relief that a new bull market in gold and silver had arrived with all the pomp and pageantry of a Royal Wedding, the Barbarians climbed the walls and are now very close to razing the palace, says precious metals expert Michael Ballanger. This […]
Zero-Hour for the Precious Metals… Read More »
Man-oh-man, the heat I am taking over my recent “Caution” stance on the near-term outlook for gold and silver is now verging on the theatre of the absurd, says precious metals expert Michael Ballanger. Email, tweets, voicemail messages and every other form of indirect confrontation have been used to convince me that my reluctance to
Near-Term Gold Forecast: The Thrill of Victory and the Agony of Indecision. . . Read More »
The event-driven hedge fund Rosseau LP has beat its benchmark by over 50% since inception in 1998, and its founder and CIO Warren Irwin says it does so by going deep, looking at very specific events or situations that are special within industry sectors. Irwin made his name by shorting Bre-X some 20 years ago
There wasn’t much sizzle in the gold equities space in recent years, but that has recently changed. Paul Renken, chief geologist and analyst with London-based VSA Capital, says the recent uptick in the gold price—which he says should stay near current levels for a while—will boost the margins of already profitable gold producers. Renken is
VSA Capital’s Paul Renken: Gold and Lithium Companies that Are Sizzling Hot Read More »
Friday’s morning action in gold has been at once both terrific and frothy, wonderful and scary, and redemptive and soothing, says precious metals expert Michael Ballanger. My hedges are all getting blown to smithereens with the miniscule damage to my net worth being vastly outdone by the gargantuan damage to my ego as the power
Kiss the Bear Goodbye (But Wear a Helmet). . . Read More »
A cacophony of recession chatter is filling the airwaves. Some experts are already declaring we are in one while others are raising warning flags. Their message has not been lost on the masses: Google searches for the word “recession” have risen to the highest level since 2012. Interestingly, many commentators cite the 20% decline in
A cacophony of recession chatter is filling the airwaves. Some experts are already declaring we are in one while others are raising warning flags. Their message has not been lost on the masses: Google searches for the word “recession” have risen to the highest level since 2012. Interestingly, many commentators cite the 20% decline in
Precious metals expert Michael Ballanger says we are actually back in a bona fide, brand-spanking-new, bull market in gold and the gold miners. As I was busy last evening returning a myriad of emails regarding the near-term outlook for gold and silver, I was suddenly hit with the realization that we really are actually BACK
Behold the New Golden Bandwagon. . . Read More »
Over the weekend, I wrote an essay entitled “Patiently Climbing Aboard the New Golden Bull,” in which I stated that not only are we in a new bull market in precious metals, I pegged my long-term target price for gold at U.S.$7,189 per ounce. which, at a GTSR of 50, implies a longer-term silver price
Negative Outside Reversal Day: Beware the Ides of March Read More »
On December 3rd, 2015, the gold market completed a fifty-one-month bear market by touching down at $1,045.60; the market for Gold Miners, as represented by the HUI index, completed a fifty-two- month bear market bottoming on January 19th, 2016 at 99.09. The home of a vast majority of junior exploration companies, the TSX Venture Exchange,
Patiently Climbing Aboard the New Golden Bull Read More »
