GDX: Global Monetary Instability Raises Mining Costs Proportionally To Gold

Gold's historical inverse correlation with real interest rates has broken down over the past year, with gold rising with the US dollar. The US government may be on the verge of a significant monetary crisis. Global monetary instability will eventually bring gold mining costs up proportionally to gold. Gold miners may see profits collapse if gold is in a speculative rally.

Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says

Commodities Energy Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says. Subdued demand has eased concerns about supply shortages in global gas markets. Significant risks to supply still remain due to the ongoing conflict in Ukraine and the Middle East. European natural gas futures eased after rising from a two-week low. Crude oil prices ticked lower despite surprise drop in crude stockpiles.

Gold's sharp two-day correction overdue and healthy, analysts say

Gold futures extended their losses Tuesday in the largest two-day percentage decline since February last year. Gold's correction is long overdue and healthy, Saxo Bank's Ole Hansen says. Silver also has corrected sharply in sympathy with gold. J.P. Morgan forecasts gold prices ending 2024 averaging $2,500/oz.

Commodity Roundup: Gold, silver suffer aggressive, but 'healthy' correction - Saxo Bank

Narrow Fiat Money Supply And Gold

Until the fiscal deficits slow, gold will break more records, says Paul Wong. He says the total amount of treasuries has expanded 100-fold since the early 1970s. The changes of the past years promote the status of treasury to be regarded as narrow money, he says. Money supply expansion is the cause of high interest rates and national debts.

Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard

Gold prices declined 2.7% Monday to below $2,350 as geopolitical risks wane. Silver, closely associated with gold, experienced its most substantial drop since last October. Plummeting gold prices weighed on mining stocks, with the VanEck Gold Miners ETF witnessing a 4.3% decline.

Monday's ETF Movers: CQQQ, GDX

Gold whacked in biggest one-day drop in over a year as Middle East fears ease

Gold futures fall more than 2% on Monday as Middle East fears ease. Most-active Comex gold contract for June delivery trades -2.5% to $2,532.80/oz. Worst one-day drop since February 3, 2023.

Weekly Report: what happened at GDX last week (0415-0419)?

Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease

Commodities Energy Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease. Crude oil prices fell more than 2% on Monday as Middle East tensions eased. Brent futures fell 0.58% to $86.58 a barrel. Gold prices retreated as well, registering a third consecutive weekly loss.

K92 Mining: Transformative Growth Keeps Us Bullish

Gold tallies fifth straight weekly rise with Middle East risks rising

Gold tallies fifth straight weekly rise with Middle East risks rising. Front-month Comex gold for April delivery closed up +1.8% for the week to $2,398.40/oz. Gold's 16% YTD rally driven by a combination of geopolitical risks related to the Middle East and Ukraine.

GDX, AMZZ: Big ETF Outflows

Commodity Roundup: Oil erases early gains, gold volatile after Israel’s strike on Iran

Buying To The Bottom In Gold & Silver With Don Durrett

Commodity Roundup: Natural gas rises ahead of inventory data, oil extends losses

Silver, outgaining gold YTD, set for second highest-ever market deficit in 2024 - report

Gold extends record run as prices near $2,400; Citi sees $3,000 on the horizon

Lundin Gold: Impressive Cash Flows And Healthy Reserves

Fortitude Gold: Record Gold Price Balancing Permitting Limbo

Fortitude Gold Corp. Is in a state of limbo awaiting land permitting approval to reach higher grade ores at its Isabella Pearl mine in Nevada. The company has a record ten consecutive years of profitability and pays a 10% monthly dividend. The stock is down more than 20% over the past year. Management has confirmed its commitment to maintaining the monthly dividend, which currently yields 10%. We believe FTCO is undervalued with the higher price of gold supporting a positive long-term earnings outlook.