The Price of Iron Ore is Parabolic and Mining Stocks to Consider
Iron ore is the second-largest commodity in the world next to oil, and its price has skyrocketed in 2019 on the back of supply disruptions and record steel production in China. A key factor affecting iron ore output in China is environmental oversight due to a growing...
Post-G20 Truces Coddle a Plunger Candle in Gold – Technical Analysis
Two very important geopolitical events transpired over the weekend that may negatively affect the price of gold in the near-term. The first was the POTUS and Chinese President Xi having a sit-down with their diplomacy teams at the G20 Osaka Summit in Japan, which...
Gold Mining Stocks Poker Update and the Gold Bugs Index Breakout – Technical Analysis
Two weeks ago, I published “Minding the Gold Mining Stocks and GDX” with a list of mining equities to consider and the $GDX chart. This evening is a good time to review the results before the market opens tomorrow morning and provide a technical analysis on the $HUI...
Gold’s Alligator Tongue and Asian Short Squeeze Obliterated $1,380 Resistance – Technical Analysis
Mathematics was never a strong point for me until my algebra and trigonometry teacher in high school clued me in on how to memorize formulas. If you are familiar with “Please Excuse My Dear Aunt Sally,” you know exactly where I am going with this. Mathematical...
Talked Out of a Gold Rally While Whining? A Mid-June Review and Technical Analysis
There is a lot to cover since my last article on gold, “Whoever Owns the Most Gold Wins,” published on May 31, and there is a “Perfect Storm” brewing that favors gold market fundamentals. I hope you did not chase the manipulation ghosts instead of gormandizing the...
Core Money: Gold and Silver’s Value Universe
I personally own precious metals because it's the sensible thing to do. With the national debts of all modern nations, from Australia to Japan, the entire continent of Europe, Canada, and the granddaddy of all debtor nations, my native U.S. of A. ballooning into the tens of trillions, it's not even an option to have only fiat digits in your asset portfolio. Educate yourself on the all-important attributes of precious metals investments!