After several weeks of highly volatile precious metals prices, investors are curious about what comes next. While the gold price BROKE OUT above the critical $2,000 level, it has come all the way back in just a matter of days. The next few weeks are important for the price trend of the precious metals into 2024…
It was finally nice to chat with Fortuna CEO Jorge Ganoza about the mining industry, energy, and what constitutes a “Real Store of Wealth.” Chris Marcus hosted the interview, where he allowed me to discuss energy and why it is extremely important to invest in physical precious metals and mining companies…
We can thank the shale companies for their hard work producing tight oil, which we export nearly half. Amazingly, the U.S. exports more oil now than what Iran, Kuwait, or the UAE produces. The U.S. shale industry is exporting the highest-cost oil at bargain-basement prices…
European natgas inventories took a Big Hit this week as a record Cold-Snap hit the region. Could this be a bad omen for Europe’s natgas supply and demand situation this winter? We will see… but the situation in the U.S. couldn’t look any better as natgas inventories hit a 5-year high…
Today, the precious metals rally continued as the gold price closed $32 higher on the first trading day in December. However, the GDX – Gold Miners ETF continues underperforming the gold price. This is certainly odd because the Dow Jones Index surged nearly 300 more points…
Gold & Silver finally BROKE OUT above long-term critical levels… so what’s next?? Well, if the U.S. Treasury continues to pump $170 billion a month of new debt into the U.S. Economy, that will turn out to be extremely inflationary and thus bullish for the metals…