The Gold Report

Technical Analyst: Precious Metals Sector Correction Starts as Risk On and Seasonal Factors Weigh

Source: Clive Maund for Streetwise Reports   06/08/2020

Technical analyst Clive Maund discusses the factors he sees weighing on precious metals in the near term.The precious metals sector is now set up for a correction that…

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Unnatural Distortions and the Precious Metals

Source: Michael Ballanger for Streetwise Reports 06/06/2020 The most recent U.S. jobs report, which he believes is bound for revision, has Michael Ballanger musing on how economic policies are reflected—or distorted—in the precious metals markets. I was sitting in my den looking out over the swamp—er—lake tonight when it appeared as though something was flailing around near the shoreline. So I threw on my deck shoes and went for a stroll down to the water to see what all the commotion was about. Now, you must understand that I have been around the Kawartha Lakes since my late teens, having fished for pickerel alongside the Buckhorn Dam in the summer of 1970. Back in the day, the pickerel were so plentiful that we would throw two or three of these two- to three-pound beauties into the live well and then play “catch and release” for the remainder of the day, because you were taught at a very young age that you only take what you need as food and you release anything else so they could grow and make more baby pickerel. At the root of the practice was one remarkably simple fact: Pickerel are the finest-eating freshwater fish in the world and you want to protect them. So here I am, looking past the weeds and algae in the shallows of western Lake Scugog and what comes lumbering past is the most gawd-ugly creature that I have ever observed—an enormous Asian carp that had to be ten pounds. Before … Continue reading

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Westwater Shares Charge Higher after Demonstrating Simulated Full-Scale Battery Graphite Processing

Source: Streetwise Reports   06/02/2020

Shares of Westwater Resources traded higher on greater than 100-times average daily volume after the company reported that positive independent test results on ULTRA-PMG™ demonstrated…

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