Central banks continue to devalue and gold is rising
With the ECB expanding its QE program and moving further into negative rates it shows that central banks are determined to devalue their currencies. Investors are paying attention and gold is getting a buy.
Check out the chart below to see the metal breaking out of its longer term downtrend.
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Look at EXK today!
Yes – a very nice close on Endeavour and many of the Silver stocks today:
Endeavour Silver Corp. (EXK)
2.73 Up 0.43(18.70%) 4:00PM EST
Silvercorp Metals Inc. (SVMLF)
1.06 Up +0.11(+11.58%) OTC Markets – As of 3:50PM EST
Americas Silver Corporation (USAPF)
0.1435 Up +0.0124(+9.46%) OTC Markets – As of 3:29PM EST
MAG Silver Corp. (MVG)
8.95 Up 0.71(8.62%) 4:00PM EST
Great Panther Silver Ltd (GPL)
0.86 Up 0.06(8.11%) 4:00PM EST
First Majestic Silver Corp. (AG)
5.74 Up 0.42(7.89%) 4:02PM EST
Tahoe Resources Inc. (TAHO)
10.24 Up 0.70(7.34%) 4:02PM EST
Canasil Resources, Inc. (CNSUF)
0.17 Up 0.01(6.09%) 3:30PM EST
Excellon Resources Inc. (EXLLF)
0.35 Up 0.02(5.95%) 3:36PM EST
Fortuna Silver Mines Inc. (FSM)
4.13 Up 0.19(4.70%) 4:00PM EST
Silver Wheaton Corp. (SLW)
17.19 Up 0.71(4.31%) 4:00PM EST
IMPACT Silver Corp. (ISVLF)
0.2154 Up +0.0084(+4.06%) OTC Markets – As of 2:11PM EST
Alexco Resource Corporation (AXU)
0.77 Up 0.03(3.66%) 4:00PM EST
SilverCrest Metals Inc. (SVCMF)
0.26 Up 0.01(3.53%) 3:52PM EST
Coeur Mining, Inc. (CDE)
4.89 Up 0.16(3.38%) 4:00PM EST
Pan American Silver Corp. (PAAS)
10.40 Up 0.28(2.77%) 4:00PM EST
Silver Standard Resources Inc. (SSRI)
5.80 Down 0.06(-1.02%) 4:00PM EST (SSRI has the Merger blues…..)
You da man……..thanks
EXK……….EX………..HUGE DAY
RUBICON MINERALS……….UP 92.8%
Thanks IRISH………..that is over on the Atlantic side, I am over on the Gulf side., …
They are trying to kill us all………No more fishing in the Bay…Maybe, it will chase out the pythons…..Rubio at work, what a crew.
Maybe Trump and Hilly can jump in and pug the damn thing up………. 🙂
I vote, all 535 members of congress , take turns going to Miami, and sticking their fingers in the dike………..Is dike a bad term
FFM CCM – good catch on Rubicon mineral today. Quite a move (93.92%), and I don’t really see any reason why?
Rubicon Minerals Corporation (RBYCF)
0.10 Up 0.05(93.92%) 3:57PM EST
Coeur’s rise goes to show that even the dogs get lifted when the Bull snorts
Coeur had a couple of good acquisitions the last 2 years and have improved their costs and revenues in a big way. I believe they were more of dog prior to that back in 2013 and 2014. They’ve cleaned up their act a little since then.
One of the few companies that had benefited from a reverse split. My least favorite in the pm space.
All in sustaining silver Eq oz is $15.50 with a lot of risk still.
It has also outperformed most of the Silver and Gold miners since the Jan 19th mining lows.
In fact, out of the largest Silver producers Coeur (CDE) has out-performed the whole group.
Here is a Composite Bar Chart showing the last 3 months in the biggest Silver companies:
Coeur Mining, Endeavour Silver, First Majestic, Fortuna Silver, Pan American Silver, Hecla Mining, Silver Wheaton, Tahoe Resources, Silver Standard Resources.
http://stockcharts.com/freecharts/perf.php?CDE,EXK,AG,FSM,PAAS,HL,SLW,TAHO,SSRI&p=2&O=111000
Nice one Ex
Thanks. Have a great end to the week.
BUT gold/silver MUST NOT GO UP TOO FAST.
Have patience.
Under normal times I would agree….
That is like having gold and silver trading for a penny or less on the dollar for centuries and then all the sudden there isn’t enough to go round and some one calls out demanding that the price not go up to 100 cents on the dollar or more too soon. Get real! Those who want the goods have to pay full price for a change. Get used to it!
YOU NEVER PICKED COTTEN STEVEN ? https://www.youtube.com/watch?v=YiQbFX_HNqg
Steven, everything has a natural pace.
Gold and silver and their stocks are getting overbought.
The faster they go up, the bigger a correction.
I prefer slowly and smooth.
Palisade Radio is sponsored by First Majestic. FM.TO, AG
Golden cross for AG imminent
1300 next…………
***********************************ALERT, GOLD JUST POPPED AFTER HOURS*****************
Bottom in…………per him……….
Have been a listener and/or subscriber for near 22 years,
.new program every Wednesday – 6am est McAlvanyweekly commentary.
I have listened to him for several years……….but, not 22 yrs….great to know….
Gold…up $17…1270 close ……..dollar down, oil down, stock market down
Getting damned close to a gold correction. Just days away now Frank.
Is that you BIRD…………
Is that an accusation?
No accusation, ……..wondering minds like to know……….
BUT, no problem either way…………
Until we blow thru 1300…….no correction ……..jmho……..
Be wary of any central bank induced jump in metals. Be very wary.
BE WARY of ALL CENTRAL BANKS……..money changers, clippers of all coinage, paper printers and market distorters…………
Peter Bockvar quoted.
This time it was different in Europe.
Monetary policies WILL fail, Europe is proving.
The US will get negative interest rates and helicopter money.
BUT THEY WON’T WORK.
Expect high deficit spending on infrastructure.
It is beginning to happen in Canada. But Trudeau is WRONG. He will further kill the Canadian dollar, more than it deserves.
Will liberal socialists never learn? Listen to Mcalvany, about income tax and theft.
I know you guys always focus on price.
I often focus on volume just as much.
http://stockcharts.com/h-sc/ui?s=FNV%2FWA.TO
Sometimes volume indicates changing attitude, sometimes it just says something just about one hedge fund manager.
Te FNV A warrants had a nice pop, so why did not the volume pop?
Same is true more than usual for several mining stocks:
http://stockcharts.com/h-sc/ui?s=FM.TO
Avi Gilbert wrote an good article about why we gold bugs should all steer clear of GLD. But is there any danger in CEF?
When I hold gold/silver in an account (not in a safe), I use OUNZ, PSLV, PHYS
I have some CEF. Did Sprott ever take over the management?
Just the one gold fund I believe by Sprott
CEF has been around for near 35 years. For much of the bull run 2001-2011, it traded at a premium to NAV(net asset value) and with those premiums mgmt continued to purchase additional bullion on a ratio of about 45:1 Ag/Au. For much of the time since 2011, shares have traded at a discount to NAV. Richard Russell started touting CEF the last 3-4,years as a means of getting both metals in one equity. Currently trading at a 5 3/4 discount to NAV.
Pray at Full Throttle………book……….more positive mental attitude need here on this site…………………..see FSN……..Financial Survival Network……………jmho
need to needed.
Wait for the bond market collapse. One of these days, after inflation starts, the bond market will drop so bad!