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 | George F. Smith - Barbarous Relic |
Thomas Paine, Liberty's Hated Torchbearer  |
| When Thomas Paine's ship pulled into Baltimore harbor on October 30, 1802, a large gathering of friends and admirers were waiting at dockside to welcome him back. Others stood by as well, some filled with loathing, merely to observe a famous figure.Saturday, February 13, 2021 |
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 | Charleston Voice |
 Treason at the Highest Levels in Washington: How a Soviet Spy Shut Down America's Gold Mines  |
| Hear how under orders there were 9,000 US gold mines shut down under orders from convicted Soviet spy Harry Dexter White, but who was also Undersecretary of the US Treasury, and had all the gold mining equipment confiscated and sent overseas to the Soviet Union! Astonishing!
Speech from the 1960s.Thursday, May 21, 2020 |
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 | Michael J. Kosares - USA Gold |
| King Ibn Saud’s 35,000 British sovereigns – Gold’s historic undervaluation versus oil |
| TheWikileaks/Financial Times revelations on significant gold buying interest in the Middle East — notably Iran’s central bank, Jordan’s central bank and Qatar’s sovereign wealth fund — brought to mind the story of KingIbn Saud and his sale of oil concessions to the major oil companies. In payment he received 35,000 British sovereigns — a coin many of you hold in your own sovereign wealth funds.Thursday, April 23, 2020 |
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| Charleston Voice |
| Hear how under orders there were 9,000 US gold mines shut down |
| Hear how under orders there were 9,000 US gold mines shut down under orders from convicted Soviet spy Harry Dexter White, but who was also Undersecretary of the US Treasury, and had all the gold mining equipment confiscated and sent overseas to the Soviet Union! Astonishing!Tuesday, April 21, 2020 |
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 | Jordan Roy Byrne - The Daily Gold |
| Key Support Levels for Gold Miners Gold Juniors |
| Gold stocks have to do more to confirm they are in a new bull market.Sure, they’ve surged above key moving average resistance and breadth has improved.However, the gold stocks have not yet broken the pattern of lower highs and breadth, while improved, is not at bull market levels yet. Let’s review where things currently stand.In recent weeks GDX and GDXJ surged above the critical 400-day moving average which has been an excellent indicator of the primary trend datinWednesday, February 13, 2019 |
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| Jordan Roy Byrne - The Daily Gold |
| Record Low Volatility in Precious Metals and What it Means |
| The past 18 months have been difficult for precious metals investors. If you had known Donald Trump would be elected and the US Dollar would soon begin a nearly 15% decline, you would have expected Gold to blow past its 2016 high. You would have been shocked to see the gold miners and junior gold stocks trading lower. Gold has fared okay but the gold stocks and Silver have lagged. As US equities have continued to power higher, precious metals have struggled to perform while volatility in the spaTuesday, March 13, 2018 |
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| Jordan Roy Byrne - The Daily Gold |
| Here’s What Gold is Waiting For |
| Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pause or correction. Meanwhile, Gold could also correct and consolidate as it waits for a breakout in lWednesday, February 28, 2018 |
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| Jordan Roy Byrne - The Daily Gold |
| What the Stock Market Decline Means for Gold and Gold Stocks |
| It was a rough week for investors in stocks and stocks of all kinds. The S&P 500 lost 5%. Emerging Markets also lost 5%. Gold Stocks, which had weakened before the broader equity market have been hit hard. They (GDX, GDXJ) also lost 5% last week. The HUI Gold Bugs Index (which excludes royalty companies unlike GDX) lost 7%. After a strong start to the year, gold stocks have essentially given back all their gains. Nevertheless, we remain extremely optimistic on gold stocks over the next 12-18 monTuesday, February 13, 2018 |
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| Jordan Roy Byrne - The Daily Gold |
| Gold And Gold Stocks Approaching Resistance |
| Gold and gold stocks have enjoyed an excellent rebound since their December lows. Over the past six weeks Gold rebounded from a low of $1238 all the way to $1365 in recent days. The miners meanwhile rebounded nearly 18% (GDX) and 21% (GDXJ). However, these markets are approaching important resistance levels and at a time when sentiment is becoming stretched and the US Dollar has become very oversold.Take a look at the charts of Gold, GDX and GDXJ. Gold has reached the September 2017 highs while Sunday, January 28, 2018 |
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 | Mish - Global Economic Analysis |
| Crypto Mining Stresses Electrical Grid in One Washington State County |
| Mining digital currencies requires so much electrical power that it has stressed the capacity of one Washington county
CNBC reports Cryptocurrency Mining Puts Electrical Grid of Small Washington State County 'to the Test'.
"Our infrastructure is actually being put to the test. We're full," Ron Cridlebaugh, the Port of Douglas County economic development manager, told CNBC's Michelle Caruso-Cabrera on Thursday.
Cryptocurrencies such as bitcoin and ripple have skyrocketed in value recently. LasThursday, January 18, 2018 |
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| Jordan Roy Byrne - The Daily Gold |
| One Big, Potential Catalyst for Gold in 2018 |
| The rebound in the precious metals sector continues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and Silver right behind. The greatest traders say the move comes first and then the reason later. When it comes to Gold we are always analyzing the reason behind the moves so we can distinguish between reactions and reflex moves and those moves that are part of a real bull market. The market may be startiMonday, January 15, 2018 |
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| Jordan Roy Byrne - The Daily Gold |
| Here are the Key Levels in Gold and Gold Miners |
| The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets. The strength of the rebound pushed the miners well beyond their 200-day moving averages and to their June and October highs. GDX is consolidating just below $24 while GDXJ is consoWednesday, January 10, 2018 |
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| Jordan Roy Byrne - The Daily Gold |
| Here’s 5 Reasons Gold Stocks Will Breakout in 2018 |
| There are very few sellers leftThere were very few sellers left in January 2016 when the devastating “forever bear” was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able to hold above that low multiple times. GDX has held $21 four times! GDXJ has held $29.50 twice in solid fashion. The bearsTuesday, January 2, 2018 |
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| Jordan Roy Byrne - The Daily Gold |
| 5 Charts That Show Historic Value in Gold Stocks |
| Back in early 2016 as precious metals rebounded, our work showed that gold stocks were arguably the cheapest they had ever been. They had the worst 5-year and 10-year rolling performance ever, they were trading at potentially 40-year lows on a price to cash flow basis, they were the cheapest ever relative to the stock market and Gold and most notably, the Barron’s Gold Mining Index was trading at the same level as 42 years ago! The gold stocks enjoyed a massive recovery in 2016 but it was short Saturday, December 23, 2017 |
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| Jordan Roy Byrne - The Daily Gold |
| What History Says for Gold Stocks in 2018-2019 |
| By Jordan Roy-Byrne CMT, MFTAIt has been a while since we’ve applied historical analysis to the precious metals sector. It is something we really enjoy as history can help define and contextualize current trends and help us spot opportunities. Back in March of this year we noted that the gold stocks could be following the path of recovery of housing stocks since their 2009 bottom. Recently, James Flanagan of Gann Global Financial has produced some excellent videos discussing some historical compTuesday, November 21, 2017 |
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| Jordan Roy Byrne - The Daily Gold |
| Negative Divergence in the Gold Stocks |
| After a severe selloff, precious metals have enjoyed a bit of a respite. Corrections are a function of time and/or price. The correction to the recent selloff has been more in time than price. Metals and miners have stabilized over the past nine trading days but have not rebounded much in price terms. Gold has barely rallied $20/oz while GDX and GDXJ have rebounded less than 4% and 5% respectively. In addition to the weakness of this rally, the gold stocks are sportiThursday, November 9, 2017 |
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| Jordan Roy Byrne - The Daily Gold |
| When Will Rising Yields Benefit Gold |
| Over the past two years, Gold has been inversely correlated to bond yields. In a low inflation environment, falling bond yields drive real interest rates lower which benefits Gold. Conversely, rising yields are generally negative for Gold. When long-term yields exploded higher in the second half of 2016, Gold declined hard. Now with long-term yields threatening a potential major move higher, Gold and gold stocks have sold off and there is a risk of further losses. HoTuesday, October 31, 2017 |
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| Jordan Roy Byrne - The Daily Gold |
| Time for Caution in Gold Miners |
| By Jordan Roy-Byrne CMT, MFTALast week we noted the likely negative impact of a sustained rebound in the US Dollar on Gold. Recent weakness in precious metals has not been much of a surprise considering the sector’s relative weakness months ago amid a weak US Dollar. While the greenback has bottomed, it has yet to push above resistance at 94. Nevertheless, Gold and in particular the gold stocks are threatening more losses even before a push higher in the greenback. It is time to be defensive andMonday, October 23, 2017 |
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| Jordan Roy Byrne - The Daily Gold |
| US Dollar Outlook and What it Means for Gold |
| By Jordan Roy-Byrne CMT, MFTAThe US Dollar Index (USDI) bottomed in September a hair below 91.00 and has recently rallied up to 94. We were skeptical Gold would break its 2016 highs as it failed to show strong performance in the wake of the USDI’s decline to new lows. The market was discounting a coming rebound in the USDI and/or future weakness in Gold. In any event, although the USDI broke key levels which leave its bull market in question, it became quite oversold and was due for a sustained Friday, October 13, 2017 |
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 | Mark O'Byrne - gold.ie |
| Young Guns of Gold Podcast – ‘The Everything Bubble’ |
| – Precious Metal Roundtable discuss gold in 2017 and outlook
– Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets
– “People are expecting too much from gold”
– Economy: Inflation indicators, recession on the horizon, global debt issues
– Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold
– “First monetary inflation, then asset inflation, next is price iThursday, October 12, 2017 |
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