Brent Cook’s top gold stock picks and top risks to flag

Brent Cook’s top gold stock picks, and top risks to flag Expanded margins have created an optimal environment to invest in miners, but investors should still watch for jurisdictional risks, including the inability for miners to access their sites due to the ongoing pandemic, said Brent Cook, founder of Exploration Insights. “If the company can’t get to site, that drops them down in terms of our interest,” Cook said. Cook’s top picks for mining companies include Bluestone Resources (TSXV: BSR.V),…

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Headlines get ahead of themselves

Headlines get ahead of themselves In this headline driven market, sentiment can easily overreact to any news story that talks about perceived optimism, or pessimism. In regards to whether or not the United States government will be able to pass fiscal stimulus legislation prior to the presidential election on November 3rd, and traders are hanging on each and every changing headline. Today market participants witnessed choppy trading in U.S. equities resulting in gains of just over ½ a percent in…

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Year-end forecast – gold stocks to rally 60 2300 gold price – Chris Vermeulen

Year-end forecast – gold stocks to rally 60%, $2,300 gold price – Chris Vermeulen Gold stocks are showing short-term consolidation, but should they break resistance, another bullish leg could be sustained, pushing the VanEck Vectors Junior Gold Miners ETF (GDXJ) up to 60% higher in a few months, said Chris Vermeulen, chief market strategist of Technical Traders. “If we were to extend these [price levels to this year’s lows], which is where this first major bull flag pole ran to,…

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Hurdles remain for a fiscal stimulus bill to pass

Hurdles remain for a fiscal stimulus bill to pass Featuring views and opinions written by market professionals, not staff journalists. Commentaries & ViewsShare this article: Although the House, Senate and White House are working feverishly to come to an agreement and pass fiscal stimulus bill before the election, it seems that the differences are split three ways. Yesterday House Speaker Nancy Pelosi and the U.S. Treasury Secretary Stephen Mnuchin spent 53 minutes on a telephone conversation attempting to narrow the…

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Sterling neutral as traders hope for Brexit trade deal

Sterling neutral as traders hope for Brexit trade deal LONDON, Oct 20 (Reuters) – Sterling traders kept the currency afloat on Tuesday as they searched for clues on how likely it was for Britain to reach a trade deal with the European Union by the end of the year. Price actions suggest investors lean towards a scenario where both parties eventually will agree on some sort of a deal, as they did last year over the divorce agreement. Sterling was…

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Gold price meltdown? ‘I’m not selling in front of the crash’ says Lobo Tiggre

Gold price meltdown? 'I'm not selling in front of the crash' says Lobo Tiggre Fears of a vaccine pushing the gold price down are overplayed, said Lobo Tiggre of the Independent Speculator. “ think this is another one of these overblown things. Yes, we have seen gold move on vaccine headlines, I don’t deny that, but it’s a mistake to think that 2020 gold is all about the vaccine,” Tiggre told Kitco News. The most important fundamental drivers of gold…

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Election countdown -Sell US dollar buy silver and other advice from analysts

Election countdown –  Sell U.S. dollar, buy silver, and other advice from analysts Gold prices have been stuck around the $1,900 an ounce for most of October due to the strength in the U.S. dollar, but analysts expect the gold price action to pick up in the next few weeks, producing a "lasting price upswing." dman Sachs also said this week that it doesn't expect the U.S. dollar strength to last as it advised its clients to sell the U.S. dollar…

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Markets addicted to stimulus’ as anxiety builds – What to expect from gold price with election two weeks away

Markets addicted to stimulus' as anxiety builds – What to expect from gold price with election two weeks away Gold's stable position at the $1,900 an ounce level could be the calm before the storm as the U.S. presidential election is just two weeks away, and a lot of investors are choosing to stay on the sidelines amid high levels of anxiety in the marketplace. "Uncertainty remains the watchword in the markets," said StoneX head of market analysis for EMEA…

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Fed insider on Jerome Powell’s next moves gold price expectations Danielle DiMartino Booth

Fed insider on Jerome Powell’s next moves, gold price expectations – Danielle DiMartino Booth With the Federal Reserve having expended almost all monetary tools now, the only major course of action left, short of directly buying ETFs, is more quantitative easing, said Danielle DiMartino Booth, CEO of Quill Intelligence. “If you’re at the zero bound, and the Fed has been at the zero bound for much of the last decade, if you’re at the zero bound, the only discussion you’re…

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Expect seismic change’ and major markets sell-off after election Mark Skousen

Expect ‘seismic change’ and major markets sell-off after election – Mark Skousen Former Vice-President Joe Biden is currently leading in the polls, two weeks before the election, and should the Democrats win, major changes will happen to legislation that could seriously hurt investors, according to Mark Skousen, editor in chief of Forecasts & Strategies. “I think you could have a seismic change on November 3rd that will cause investors to sell their stocks dramatically because if you’re going to raise…

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