Gold

The bear market in precious metals equities will end soon, says Jordan Roy-Byrne, editor and publisher of The Daily Gold Premium, perhaps even by the end of the year…..

In our previous commentary we discussed the implications that the most recent moves in the USD Index and the general stock market are likely to have on the precious metals market.

After 12 years of gains, gold has fallen nearly 20% this year.

Our weekend update sent to email subscribers posted here….

Trading activity by GoldMoney customers jumped 24% above last week’s levels but this was concentrated in gold where trading rose by 72%.

On Thursday, the S&P 500 closed at a new high and its intraday record of 1733.45 broke the all-time high set Sept. 19.

Balmoral Resources’ founder and CEO Darin Wagner updates us on Balmoral’s current cash position, the recent report of an IP anomaly, future drill targets and he gives his thoughts on the state of the M&A activity.  

On Monday, after weekend talks failed to reach a solution that would reopen the federal government and raise the federal borrowing limit by October 17, the S&P 500 Index dropped to its intraday low below 1,700.

The Fed’s mode of operation has drastically changed over the past 12 years.

Last week on October 8th the financial market experienced a broad based sell off. Every sector was down with utilities being the only exception.