Even the promise of $85 billion per month in treasury purchases wasn’t enough to push the metals markets higher. Gold fell to a three-week low on Friday after rather hawkish comments came in from the FOMC meeting on Wednesday. Weakness in Europe caused the US dollar to appreciate adding fuel to the fire and pushing the precious metals lower. Both the GLD and SLV recorded significant monthly outflows for the first time ...
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The precious metals held higher all week since rebounding from the spike low of $1251, which formed a hammer candlestick pattern on October 15th that we highlighted in last week’s Weekly Trends. The US dollar softened all week, which helped the precious metals move higher. Next week’s Federal Open Market Committee (FOMC) meeting will likely be more of the same as recent economic data has been less than stellar coupled with the ...
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Metal prices continued to whip around this week as fear levels rose on the government shutdown and potential debt ceiling crisis. Tuesday was the turn for gold as it broke below our $1270 level moving all the way down to $1250 before rebounding and closing green on the day. This is extremely bullish for the short-term and is evidenced by a solid performance on Wednesday and Thursday. Gold has been in a ...
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The precious metals had a whirlwind of a week. Debt ceiling and government shutdown headlines caused serious volatility, which was felt though all precious metals markets. Several things stood out earlier in the week that hinted on bearish action. Firstly, the weakness of the USD has a tendency to move gold higher; this was not the case this week. Secondly, with all the headlines one would have thought we would have seen ...
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Dear Subscribers,
This week I’d like to announce the launch of two new features that are available to our annual subscribers: “Ask Our Analysts” and “Personal Stock List Review”.
Essentially a Q&A feature, “Ask Our Analysts” lets you ask our analysts any questions about the Tickerscores system or companies we cover. The “Personal Stock List Review” is a value-added feature that allows you to submit up to 10 stocks that you own (or are watching). We’ll review and submit back to you ...
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It was a quiet week for the precious metals as the majority of the week was spent digesting last week’s move; gold prices rose slightly overall for the week. The US Federal Reserve’s decision not to taper should create a floor for gold around these levels. Next week, look for gold to try to break the mini downtrend it has been in since September. Silver will follow the gold price action, ...
In the current squeeze on the junior sector, much has been said about the challenges in raising money and the impact of lower precious metals prices on the cash costs and feasibility of future projects. However, in these tough markets, another metric that investors should pay close attention to is the General and Administration (G&A) expense ratio.
With capital more scarce than ever, the G&A expense ratio shows how prudent a given management team is in advancing their projects. Management may ...
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The precious metals had a volatile week as the US Federal Reserve surprised investors by keeping the $85 billion per month asset purchasing plan going. Expectations were low heading into the announcement that the Fed was going to continue to prop up the market. The ongoing stimulus is a positive for the precious metals markets, and one of the main drivers for those who believe precious metals should be valued considerably ...
Dear Subscribers,
Last week we exhibited and presented at the Toronto Resource Investment Conference. In our presentation, we covered the top five gold mining stocks according to our Tickerscores system. In addition to our regular Weekly Trends e-mail, we have included the slides from that presentation to give you better depth into how the Tickerscores system works, and the breakdown of some of our highest rated scores in Toronto.
If you are in Toronto or at the Toronto World MoneyShow conference Oct. ...
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