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$Gold - This was the the 8th up week in a row. The decline into the next 14-15 week cycle low has been delayed but is still coming next week, though we're talking about a mild decline with support at 2790...
By: CyclesFan | February 22, 2025

• $Gold - This was the the 8th up week in a row. The decline into the next 14-15 week cycle low has been delayed but is still coming next week, though we're talking about a mild decline with support at 2790. The options are either a big down week next week or 2 smaller down weeks.

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starboy 3 hours ago

Worth a quick scan to see how prognosticators 'calls' on gold prices actually panned out. https://www.goldpriceforecast.com/gold-price-analysis/gold-price-2025-is-the-new-2011/

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DiscoverGold 3 hours ago

Gold CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
By: Hedgopia | February 22, 2025

• Following futures positions of non-commercials are as of February 18, 2025.

Gold: Currently net long 268.7k, down 15.8k.

Gold bugs are clearly not in a mood to catch their breath. They have been rallying the metal since it ticked $2,608 on December 30. This week, it rallied 1.8 percent to $2,953/ounce. This was the eighth week in a row of positive weekly gains.

The yellow metal touched as high as $2,973 intraday Thursday – just past last week’s high of $2,969.

Concurrently, in five of the last eight sessions, gold has found sellers at $2,960s. Not surprisingly, the technicals are overbought – the daily particularly. Continued failure at this resistance will open the door toward a crucial breakout retest at $2,800. After this, there is support at $2,750s, and $2,540s-50s and $2,440s-50s after that.

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DiscoverGold 7 hours ago

NY Gold Futures »» Weekly Summary Analysis
By: Marty Armstrong | February 22, 2025

NY Gold Futures closed today at 29532 and is trading up about 11% for the year from last year's settlement of 26410. Immediately, this market has been rising for this month going into February reflecting that this has been only still, a bullish reactionary trend. As we stand right now, this market has made a new high exceeding the previous month's high reaching thus far 29734 while it is still trading above last month's high of 28629.

ECONOMIC CONFIDENCE MODEL CORRELATION

Here in NY Gold Futures, we do find that this particular market has correlated with our Economic Confidence Model in the past. The Last turning point on the ECM cycle low to line up with this market was 2022 and 2015. The Last turning point on the ECM cycle high to line up with this market was 2024 and 2020 and 2011 and 1996.

MARKET OVERVIEW
NEAR-TERM OUTLOOK

The NY Gold Futures has continued to make new historical highs over the course of the rally from 2015 moving into 2025. However, this last portion of the rally has taken place over 10 years from the last important low formed during 2015. Noticeably, we have elected four Bullish Reversals to date.

This market remains in a positive position on the weekly to yearly levels of our indicating models. Pay attention to the Monthly level for any serious change in long-term trend ahead.

Looking at the indicating ranges on the Daily level in the NY Gold Futures, this market remains moderately bullish currently with underlying support beginning at 28899 and overhead resistance forming above at 29565. The market is trading closer to the resistance level at this time.

On the weekly level, the last important high was established the week of February 17th at 29734, which was up 14 weeks from the low made back during the week of November 11th. So far, this week is trading within last week's range of 29734 to 28876. Nevertheless, the market is still trading upward more toward resistance than support. A closing beneath last week's low would be a technical signal for a correction to retest support.

When we look deeply into the underlying tone of this immediate market, we see it is currently still in a semi neutral posture despite declining from the previous high at 29734 made 0 week ago. This market has made a new historical high this past week reaching 29734. Here the market is trading positive gravitating more toward resistance than support. We have technical support lying at 29394 which we are still currently trading above for now.

Right now, the market is above momentum on our weekly models hinting this is still bullish for now as well as trend, long-term trend, and cyclical strength. Looking at this from a wider perspective, this market has been trading up for the past 9 weeks overall.

INTERMEDIATE-TERM OUTLOOK

YEARLY MOMENTUM MODEL INDICATOR

Our Momentum Models are rising at this time with the previous low made 2023 while the last high formed on 2024. However, this market has rallied in price with the last cyclical high formed on 2024 warning that this market remains strong at this time on a correlation perspective as it has moved higher with the Momentum Model.

Interestingly, the NY Gold Futures has been in a bullish phase for the past 15 months since the low established back in October 2023.

Critical support still underlies this market at 26170 and a break of that level on a monthly closing basis would warn that a sustainable decline ahead becomes possible. Nevertheless, the market is trading above last month's high showing some strength.

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trunkmonk 8 hours ago

and if there is less or even much less then 8,000 Tons, ur talking 100,000/oz possibly. I firmly believe its his plan to Make Americans Wealthy Again. MAWA

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NYBob 13 hours ago

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silver_bars 16 hours ago

Senator Rand Paul's formal written request to inspect & start auditing Fort Knox Gold inventory by March 19, 2025 .....

https://x.com/SenRandPaul/status/1893039226666496502

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surfer44 19 hours ago

The Real Story Behind Gold Shortages | Gold Crisis COVER-UP | Dave Kranzler

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silver_bars 21 hours ago

The Gold price held up surprisingly well today in the face of big sell-offs in all the major US stock indexes.

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trunkmonk 22 hours ago

The big rumor (keyword: rumor) is that gold is due for a revaluation. Will Trump use the revaluation to boost the value of the Treasury's holdings, possibly paying down the national debt? Will his administration attempt a partial return to the gold standard? Will the gold be used to counter China's reported attempt at launching a gold-backed currency to challenge the US dollar?
it’s well known, cause China is going to beat US to the punch cause they get it. And they have been getting all the gold they can, while Biden Admin spent and hoarded as much money as they can trying to nosedive America. Maybe they sold or stole all the gold we have who knows. Attitude will tell us all.

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DiscoverGold 23 hours ago

Gold Bullish Breakout Stalls, Bearish Risks Increasing
By: Bruce Powers | February 21, 2025

• Gold’s breakout momentum stalls, raising concerns of a potential reversal. A decisive move above $2,955 or below $2,917 will shape the next trend direction.

Despite the poor performance of a bull pennant breakout that triggered on Wednesday, gold managed to hold up near trend highs on Friday. Friday was another low volatility day with a relatively narrow range for the third day in a row. Nonetheless, Friday will likely establish a lower daily high and lower daily low for the first time in five days.

And if the closing price is near current levels at the time of this writing, it will close near the close of the prior two days and at the top boundary line of a bull pennant trend continuation pattern. That shows resistance at the top of the bullish pattern and therefore a failed breakout so far.

Failed Breakout

A failed bullish breakout has the potential to follow through in the opposite direction. In other words, the chance for a bearish reversal is increasing. Today’s low of $2,917 is key near-term support as a drop below it may lead to a test of support near the lower boundary line of the pennant and a possible drop through the bottom of the pattern. As of today, the lower line looks to be around Tuesday’s low of 2,892 and therefore it can be used as a proxy for the line.

Support Levels Look Solid

Nonetheless, if the line is broken then there is an interim minor swing low included in the pennant formation at $2.878. A little lower is a lower swing low and the bottom of the pennant at $2,864. Notice that today the 20-Day MA (purple) has risen to $2,862, almost matching the pennant bottom.

Those two indicators are key to the current advance. If either is broken to the downside and gold stays there, the likelihood of a deeper bearish retracement increases. The angle of ascent for the trend will then change, possibly to match the lower 50-Day MA, now at $2,743.

Bullish Possible May Yet Occur

Despite the slow start to the pennant breakout, a decisive advance above this week’s high of $2,955 would trigger a bullish continuation of the trend on the weekly time frame. And that would put gold on track to target higher price levels. A 300% extension shows a possible target at $2,982. Further up is another extended price target at $3,012.

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DiscoverGold 24 hours ago

Gold and Silver Are Crushing the S&P 500!
By: Karl Montevirgen | February 21, 2025

• Gold and silver are crushing the commodities markets and the S&P 500.
• Gold is hitting record highs, fueled by sentiment and speculation.
• Consider the key levels to watch for investment opportunities in gold and silver.

There's been a lot of wild speculation surrounding gold's bullish run. When you consider a gold investment, you're likely to think of the more common factors that come into play: inflation, geopolitical uncertainty, and central bank demand.

But there's more to the mix now, especially in light of the Trump administration's latest initiatives and policies. These new developments are spurring speculations that are likely to change the context surrounding how investors view gold. Here are a few key things to think about:

• Around 12.5 million ounces of gold have been imported into the US since last November.
• President Trump announced a possible audit of Fort Knox gold reserves which hasn't been done since the early 1970s (is it all still there?).
• The US government's gold valuations remain at an outdated $42.22 an ounce.

The big rumor (keyword: rumor) is that gold is due for a revaluation. Will Trump use the revaluation to boost the value of the Treasury's holdings, possibly paying down the national debt? Will his administration attempt a partial return to the gold standard? Will the gold be used to counter China's reported attempt at launching a gold-backed currency to challenge the US dollar?

Whatever the case may be, a full revaluation is likely to drive bullish sentiment in gold, sending prices higher. If the government sells gold to weaken the dollar, you can expect some short-term price dips before a rebound. And if, by any chance, the Fort Knox audit reveals a shortfall, then that's bad news for the economy and markets but good news for gold, which will likely send prices skyrocketing.

To get some near-term context, let's see how gold has been performing over the last year relative to silver, commodities in general, and the S&P 500.

FIGURE 1. PERFCHARTS OF GOLD, SILVER, COMMODITIES MARKETS, AND THE S&P 500. Gold and silver outperformed both the broader stock and commodities markets over the past year.

Chart source: StockCharts.com. For educational purposes.

It turns out that both gold and silver have been outperforming the broader equities and commodities markets.

Let's take a long-term view of gold. Below is a weekly chart.

FIGURE 2. WEEKLY CHART OF GOLD FUTURES. There are no signs of topping yet, though its ascent has grown increasingly steep.

Chart source: StockCharts.com. For educational purposes.

If volume precedes price, then accumulation, as shown by the Accumulation/Distribution Line (ADL) on the chart, has stayed well ahead of it for a little over three years. Momentum-wise, the Relative Strength Index (RSI) may be registering as "overbought" but the reliability of this indicator in the current environment is anyone's guess.

Trump's policy blitz is transforming the political and economic landscape, and it brings certain shocks that can make technical and fundamental analysis more fluid. For now, there are no clear signs of topping, which makes it difficult for anyone interested in finding an entry point. So, let's zoom in on a daily chart.

FIGURE 3. DAILY CHART OF GOLD. There are still no signs of a top except for the declining buying pressure indicated by the Chaikin Money Flow indicator.

Chart source: StockCharts.com. For educational purposes.

There are still no clear signs of near-term weakness, aside from a slight drop in buying pressure indicated by the Chaikin Money Flow (CMF). If gold pulls back, the $2,900 high will likely serve as the first support level. Additional support zones, marked by the magenta lines, align with key swing highs and lows based on the Zig Zag lines.

The final three levels define a broad trading range and coincide with the Volume by Price indicator, highlighting areas of concentrated trading activity where support is most likely to hold. If prices retreat, these levels will be crucial to watch for a potential rebound. So, right now, it's a matter of waiting for a pullback.

Silver is another asset that has outperformed commodities and the broader market. Might the grey metal present a tradable opportunity? Below is a daily chart to consider.

FIGURE 4. DAILY CHART OF SILVER. The grey metal has room to run but watch your entry point.

Chart source: StockCharts.com. For educational purposes.

The RSI indicates that silver has more upside to go before reaching an overbought level. Note the relative performance window that I plotted in a manner that replicates the well-known gold/silver ratio (lower panel) .

Historically, this ratio has averaged around 65:1 since the 1970s, meaning it typically takes 65 ounces of silver to equal the value of one ounce of gold. Note that every time the ratio reaches the 90-line silver tends to rally.

Silver is currently rallying, but is another entry point on the horizon? Possibly, but patience is key. This relative performance setup highlights the value of the gold/silver ratio in identifying potential silver entry points, whether for short-term trades or long-term positions.

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surfer44 1 day ago

Warren Buffett explains his rationale for buying silver

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surfer44 1 day ago

Similar.

Warren Buffett’s genius investment in American Express | The Salad Oil Scandal

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surfer44 1 day ago

Who Is Loading Up on All the Physical Gold?

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surfer44 1 day ago

Milei has the same look as the lead singer. Hmmmm....

Fear Of The Dark Live In Argentina HD

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fink 1 day ago

Meanwhile, back at the Fort, the troops are busy.

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trunkmonk 1 day ago

My estimate is for US only, dont matter about the rest of the world, Dollar is king in finance, the rest will follow. Buuut his seems to be more in depth and inclusive than mine, he does analysis with various Money supply calculations. either way gold should be multiples of where it is now without its attachment to the dollar.
https://internationalman.com/articles/doug-casey-on-the-coming-monetary-reset-and-trumps-impact-on-gold-and-the-dollar/

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DiscoverGold 2 days ago

Gold Hits $2,955 Record High, but Momentum Weakens
By: Bruce Powers | February 20, 2025

• Gold reached a record $2,955 but showed weakness, with key support at $2,892 and resistance at $2,961, signaling potential trend direction for the coming days.

Gold continued its advance to a new record high of $2,955 on Thursday but at a muted pace. Similar behavior was seen on Wednesday, as gold is likely to end the day with a relatively narrow range and a bearish position within the day’s trading range, which was $2,924 to $2,955.

Although there was a higher daily high and higher low established today and for the past three days, yesterday’s closing price was below the top boundary line of the pennant and today may end the same. At the time of this writing, gold is trading in a relatively weak position in the lower third of the day’s trading range.

Second Low Momentum Day

Since this is the second day following a bullish breakout signal for a pennant pattern, and there is little sign of buyers jumping in, the pattern remains at risk of failure. Today’s low is near-term support and if it is undercut a drop towards the lower region of the pattern becomes possible. Another bearish signal triggers below yesterday’s low of $2,919. Since the bottom boundary line is dynamic, last Thursday’s low of $2,900 and this Tuesday’s low at $2,892 can help guide.

Above $2,892 Shows Strength

Nonetheless, a drop below $2,892 increases the chance that the bull pennant breakout has failed. If correct, a decline through the bottom of the pennant becomes possible. Other key potential support levels begin with the bottom of the pennant and a minor interim swing low is at $2,864. Notice that the important trend indicator, the 20-Day MA, is nearby to that swing low at $2,854 and rising.

The 20-Day MA represents the more significant potential support level. Notice that it has not yet been tested as support since it was reclaimed on January 7. This would seem to indicate that it has a good chance of being tested as support on a deeper pullback, at a minimum. Further down is the prior trend high and now a potential support zone at $2,790.

Upside Targets

On the upside, the next higher price target is $2,961. It is followed by potential resistance at $2,982 and then $3,012. With only one day remaining in the week, the closing position of gold within this week’s trading range may offer insights into its potential direction for the following week.

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fink 2 days ago

And those damn bugs will figure out a way to tax what's left.

Hunt for Red October - Jonesy Reports

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surfer44 2 days ago

In the event of nuclear annihilation the only thing that survives is cockroaches and gold.

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DiscoverGold 2 days ago

The Golden Lightning Rod. Manic Metals Report
By: Phil Flynn | February 20, 2025

Gold is making headlines again as it aims for $3000 an ounce. I’ve received numerous calls about gold delivery, with many agreeing on my last year’s prediction that gold would reach $3000 an ounce. In fact, we could hit it today.

There’s a notable price difference between the CME group Comex and London prices, leading to a rush of physical metals from London to the Comex. This trend signifies more confidence in the US economy compared to Europe, partly due to President Trump’s policies. Some think this gold rush is driven by inflation fears, but the US dollar remains strong. Overall, investment is flowing back into the US, evidenced by this gold movement.

This became the talk of the town the entire week after the Wall Street Journal reported on the massive movement of gold over the pond.
The Wall Street Journal reported that President Trump’s threatened tariffs on Europe have thrown precious-metal markets into disarray. Gold prices have been driven to record highs, and a yawning gap has opened in the value of the yellow metal in its two trading hubs, New York and London. Gold is, for the moment, worth substantially more in Manhattan than in the U.K. capital, sparking the biggest trans-Atlantic movement of physical bars in years. Traders at major banks are racing to yank gold from vaults deep below London’s medieval streets and from Swiss gold refineries and ferry them across the ocean.

The cheapest way to transport such a valuable commodity safely: the cargo hold of commercial planes. Gold futures in New York have risen 11% this year, closing Wednesday at $2,909 a troy ounce, and some analysts project they could soon hit $3,000 a troy ounce for the first time. Many investors view gold as a haven at times of heightened risk. In London, though, prices per troy ounce have been about $20 lower since early December—an unusually deep discount, which traders said reflects potential tariffs at the U.S. border.

A handful of banks with access to huge supplies of gold—including JPMorgan JPM -0.25%decrease; red down pointing triangle and HSBC Holdings HSBA -1.89%decrease; red down pointing triangle—are in pole position to cash in on the disconnect, according to market participants and analysts. According to the Journal.

One of the reasons for the high volume of calls is that I am one of the few commodity brokers who do physical delivery for CME Group gold. Most commodity brokers use gold in the futures market and do not handle physical delivery, which is a complex process.

When taking delivery of gold, one cannot simply go to the CME depository and request it. There is a formal procedure: typically, a certificate is issued to your account, and setting up delivery requires notifying the depository and hiring a service such as Brinks or Loomis to move the gold. Additionally, the gold must be delivered to a business or a lawyer’s office. It cannot be delivered to a home or a cabin. It should be noted that the mention of a cabin is hypothetical and does not imply that gold is being stored there. So don’t assume that is where I hid my gold.
But is the gold in Ft. Knox. The AP reports that5 :While flying back to Washington aboard Air Force One on Wednesday night, a reporter asked President Donald Trump whether Elon Musk would pursue budget cuts at the Pentagon. His response might be confusing to anyone who hasn’t spent the last several days monitoring Musk’s account on X. Trump said Musk would be looking at Fort Knox, the legendary depository for American gold reserves in Kentucky. Why? “To make sure the gold is there,” Trump said. Another reporter seemed puzzled. Where would the gold have gone? “If the gold isn’t there, we’re going to be very upset,” Trump said.

Musk, the world’s richest man, who was traveling with the Republican president aboard Air Force One, has spent days posting about this issue. “Who is confirming that gold wasn’t stolen from Fort Knox?” he wrote Monday. “Maybe it’s there, maybe it’s not.”

Kitco News reported that China’s domestic gold market improved in some areas in January with the central bank also purchasing bullion for the third straight month, and while imports lagged and ETF flows turned negative, sentiment suggests gold consumption is on the rise going forward, according to Ray Jia, Research Head, China at the World Gold Council (WGC).Jia noted that gold started 2025 strong, with the LBMA and Shanghai benchmark prices both enjoying their strongest January in years “Gold prices surged during the first month of 2025: the LBMA gold price PM in USD jumped 8% while the SHAUPM in RMB rose 5%,” he wrote. “A strengthening local currency and fewer trading days due to the Chinese New Year (CNY) holiday between 28 January and 4 February led to the relative

Silver remains attractive due to its association with gold, although it has been weaker partly because interest in electric vehicles is declining. Silver offers good value but is currently more suitable for trading. Gold is expected to experience volatility, and a close above $3000 an ounce would be significant. Copper prices have been fluctuating, but we anticipate a continued long-term bull market. In the short term, buy on dips and sell on rallies, focusing on long-term bullish positions during breaks.

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surfer44 2 days ago

In short - even if they legitimize fartcoin they would still manage to piss it away...

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surfer44 2 days ago

For the record I am not anti-FED. I am anti - "you can't manage your budget and don't plan for emergencies". This would involve the "I really feel bad" Blue team and the "Boy I shouldn't have spent it on that" Red team. The FED to me reacts to what it's given. Like being given a bad hand in poker.

I'll stick with the U.S dollar and gold. No tech constructs.

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DiscoverGold 2 days ago

Fort Knox to Bank of England
By: Marty Armstrong | February 20, 2025

Visitors aren't allowed in the Fort Knox Bullion Depository. For anyone wondering, that's a hard and fast rule in place since the building completed construction in 1936. Now, 89 years later, the building still houses various reportedly various commodities. However, according to the U.S. Mint, the Fort Knox Bullion Depository currently houses 147.3 million ounces of gold. That amounts to approximately half of the U.S. Treasury's total stored gold. Historically, gold storage records began in 1937. The record for most gold holdings at the Fort Knox vault is 649.6 million ounces. The U.S. set this record on December 31, 1941, because of World War II, and gold fled Europe. There is no record of gold being moved to or from the facility.

Most assume that all the silver and gold coins that the US Mint strikes come from the US metal reserves. That is not actually true. The Australian Perth Mint manufactures silver and gold planchets for other mints to issue coins. The silver planchets used for the US State Quarters Program originated from the Perth Mint in Australia.

Some have been suggesting that the movement of gold to the USA is to cover up what is missing at Ft Knox. That is just not the case. The U.S. bank JPMorgan and the U.K.’s HSBC are two of the biggest names flying the precious metal across the Atlantic to cover losses on short positions, reports the Wall Street Journal. Yet even that covers up the real motivation that nobody wants to discuss publicly.

The Bank of England published that it could deliver the gold, which is currently awaiting delivery only in 4 to 8 weeks. Deep under London’s Threadneedle Street lies an intricate network of tunnels holding the world’s second-largest depository of gold. The Bank of England’s nine heavily fortified vaults hold hundreds of tonnes of the precious metal valued at more than £200 billion ($252 billion). But now, they are slowly being emptied over fears that some are articulating President Donald Trump is about to start a global trade war. Indeed, much of the gold has been shipped to New York City where the commodity is, for the moment, worth substantially more than in the U.K. capital.

So, between rumors of covering short positions and fears that there will be tariffs which will be on all flows from Europe, the deeper reason nobody will write about is the fear of war in Europe. The gold fled Europe and moved to the USA for both World War I and II. This is taking place right now. In fact, we have indeed advised clients to move assets now because when the first bullet is fired, the capital controls will be imposed, and you will NOT get any gold out of Europe...

London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs, but mainly European war. According to sources, the minimum waiting time to load gold out of the Bank of England, which stores gold for central banks, has reached four weeks.
The BoE declined to comment when asked about the queue.

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surfer44 2 days ago

Sprott Launches Active Gold & Silver Miners ETF
February 20 2025 - 8:00AM

Sprott Inc. (“Sprott”) (NYSE/TSX: SII) today announced the launch of the Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG) (the “Fund” or “GBUG”), an actively managed ETF that aims to provide long-term capital appreciation by investing in shares of gold- and silver-focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. GBUG’s investment strategy is value-oriented and contrarian.

“Gold and silver mining stocks have historically been correlated to bullion, but in recent years, they’ve lagged the price of the physical metals,” said John Hathaway, CFA, Managing Partner, Sprott and Senior Portfolio Manager, Sprott Asset Management USA, Inc. “Gold and silver mining stocks could offer significant catch-up potential.”

GBUG is Sprott’s first active ETF, which offers the opportunity to invest in miners with the potential advantage of active stock picking from a global leader with over four decades of specialized expertise in precious metals and mining investments. “Given the operational complexities of mining, investors may benefit from an active ETF strategy focused on long-term business fundamentals and growth potential,” said Whitney George, Chief Executive Officer of Sprott. “The Fund’s investment team is experienced. The team has more than 100 years of collective experience in metals and mining, and it conducts more than 200 management meetings annually, along with periodic site visits to mining operations around the globe.”

GBUG combines the expertise of active management with the flexibility of an ETF, which includes daily transparency, liquidity and potential tax efficiency. GBUG is one of four Sprott Precious Metals ETFs:

Sprott Active Gold & Silver Miners ETF Nasdaq: GBUG An actively managed ETF that aims to provide long-term capital appreciation by investing in shares of gold- and silver-focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. The investment strategy of the Fund is value-oriented and contrarian.

Sprott Gold Miners ETF NYSE Arca: SGDM Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges.

Sprott Junior Gold Miners ETF NYSE Arca: SGDJ Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index (Ticker: SOLJGMFT). The Index aims to track the performance of small-capitalization gold companies whose stocks are listed on regulated exchanges.

Sprott Silver Miners & Physical Silver ETF Nasdaq: SLVR Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, Nasdaq Sprott Silver Miners™ Index (NSLVR™), by investing at least 80% of its total assets in securities of NSLVR. The Nasdaq Sprott Silver Miners Index is designed to track the performance of a selection of securities in the silver industry, including silver producers, developers and explorers, and physical silver.

* Based on Morningstar’s universe of Precious Metals Sector Equity ETFs as of 2/19/2025.

About Sprott Inc.

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California, and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.

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DiscoverGold 2 days ago

$HUI #Miners #BUGS - Basket Unhedged Gold Stocks Update
By: Sahara | February 20, 2025

• $HUI #Miners #BUGS - Basket Unhedged Gold Stocks Update

How's it going?...

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trunkmonk 2 days ago

wait till they find out BTC is not actually made out of gold, all just an illusion, Trillions coming into gold. Trump is delaying the inevitable. Gold is always the safest thing to own, and go figure, epicenter of primary wave 3 is here, gold gonna catch up to the mess everyone around the world has created, 33k minimum coming. You will see extreme bragging, cheering, exuberance, then fear, anger, then sorry, for all that do not hold real money, real value. final value = gold/silver/land/animals.

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surfer44 3 days ago

Why Investors Are Dumping Treasuries for Gold Right Now

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surfer44 3 days ago

How did the 2008 financial crisis impact gold? #SpeakingOfGold with Vivek Kaul

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surfer44 3 days ago

The Collapse of Long Term Capital Management (LTCM) (1998) *** another reason to have gold

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surfer44 3 days ago

The REAL Reason a Fort Knox Gold Audit is BULLISH for Bitcoin! *** a little social commentary

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DiscoverGold 3 days ago

Gold Record High but Struggles to Confirm Strength
By: Bruce Powers | February 19, 2025

• Gold’s bullish pennant breakout saw new highs, but weak momentum raises concerns. Key levels at $2,947 and $2,919 could determine the next move.

Gold triggered a bullish breakout of a pennant pattern on Wednesday and proceeded to rise above the prior high of $2,943 to reach a new record high of $2,947. However, given a likely weak closing price today there is the possibility of a failed breakout. At a minimum, today’s closing price would need to be above yesterday’s high of $2,937 to confirm strength, and better yet above last Friday’s high of $2,940.

Instead, gold is at risk of closing below Tuesday’s high as it is trading below that price level at the time of this writing. It looks like gold will end the day with a relatively narrow range that does not reflect a strong bullish breakout. That could change but for now the day’s price range provides key near-term price levels.

Pennant Breakout at Risk

The bull pennant has not failed yet, it is just getting off to a slow start and that is a concern. Nonetheless, what happens next will be important. A decisive rally above today’s high could lead to a test of the next target area around $2,961. Further up is a target derived from a long-term price pattern that began in 2022 and points to $2,982. Subsequently, a price zone from $3,012 to $3.043 marks the confluence of four targets. Since they are relatively close together, it may be most useful considering it as a range of potential resistance.

Top Channel Line Provides a Guide

Another guide is provided by a trendline across the top of a bullish trend channel. The potential resistance zone starting at $3,012 is in the price area around the top trendline. Also, notice that when considering that line along with the near-term uptrend line a rising bearish wedge type pattern is indicated.

Gold could rise towards a test of resistance near the top line and still hit the higher resistance zone before breaking above the line. As a matter of fact, the $3,012 price line is crossing the trendline today. An interesting coincidence or is the market telling us to watch that line? Let’s see.

Below $2,919 is Short-term Bearish

Given support at today’s low of $2,919, a decisive drop through that low opens the possibility of gold testing support around the lower end of the pennant consolidation pattern. Tuesday’s low of $2,892 provides a proxy for the line as of today. However, last Friday’s low at $2,877 is a minor interim swing low and therefore has greater significance as it is part of the bullish price structure.

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fink 3 days ago

Sub $2k gold is a pipe dream.

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DiscoverGold 3 days ago

Gold Continues to Look Bullish
By: Christopher Lewis | February 19, 2025

• The gold market continues to see a lot of buying pressure underneath current levels again, as we see a lot of reasons for traders to continue to hold gold overall, as tariffs and geopolitical issues abound.

Gold Markets Technical Analysis

Gold markets went back and forth during the course of the trading session on Wednesday in the early hours. But really at this point in time, it looks like we are doing everything that we can to break out, but perhaps we still have some work to do short-term pullbacks, I do believe, end up being buying opportunities in the gold market as it is so bullish. And of course, we had seen so much in the way of upward pressure during the previous session. On Tuesday, the $2,900 level is a large, round psychologically significant figure that has been support more than one time.

But even if we were to break down below there, it’s likely that we could go down to the $2,800 level where I think it’s even more heavily supported as the 50-day EMA is heading there. I think it’s probably only a matter of time before gold reaches the $3,000 level, which of course has been my target going back to like October of last year, but unfortunately, we had a long period of consolidation, and we are just now getting free of that when you look at the previous consolidation area, it does suggest a measured move of $3,000 anyway, so it all ties together quite nicely.

I like the idea of buying short term dips, and I don’t have any interest whatsoever in trying to short the gold market as it has been so heavily positive for so long. And now it looks like it’s trying to really drive that point home.

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ironhammer 3 days ago

NBRI
North Bay Resources Announces Production of 8.5 Ounces Per Ton Gold Concentrate, Bishop Gold Mill, California

Bishop, CA -- February 19, 2025 -- InvestorsHub NewsWire -- North Bay Resources Inc. (the "Company" or "North Bay") (OTC: NBRI) is pleased to announce production of concentrate grading 8.52 ounces per ton gold. The concentrate was produced utilizing the gravity circuit at the Company's Bishop Gold Mill with ore from its Fran Gold Project. The results are in-line with recent metallurgical studies that produced 8.54 ounces per ton gold concentrate utilizing gravity separation (see Press Release dated December 16, 2024). The Company continues to process ore and optimize the Mill in coordination with its refinery partner.

Multi-element analyses and fire assay with gravity finish were conducted by ALS Geochemistry Reno, Nevada, utilizing ALS Analytical Procedure ME-ICP41 and Au-GRA22.

Fran Gold Project

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DiscoverGold 4 days ago

Posthaste: Gold bars worth billions are being stashed on commercial flights in rush to get bullion to America
By: Pamela Heaven | February 18, 2025

Donald Trump has sparked a gold rush, literally.

Deep under the streets of London in the vaults of the Bank of England a drama is unfolding that would rival fiction.

Hundreds of tonnes of gold are stored in these vaults — the second largest depository of physical gold in the world — but in recent weeks there has been a rush to move the precious metal out of its resting place to the United States.

Trump’s threatened trade war has thrown the precious metal market into turmoil. Traders, worried that tariffs will be imposed on gold, are anxious to get bars into the U.S. before the hammer drops. The fears have also caused the price of physical gold in London to fall and the price of gold futures in New York to rise, creating a rare opportunity for traders to make money off the difference by sending gold from London to New York.

Gold futures in New York have soared 11 per cent this year, hitting an high of US$2,935 an ounce, while the price of physical gold in London has dropped.

With gold worth substantially more in New York than in London, traders are scrambling in what the Wall Street Journal describes as the “biggest trans-Atlantic movement of physical bars in years.”

This has caused some commotion at the Bank of England. Deputy Governor Sir Dave Ramsden told the Telegraph that the bank has been swamped with requests after New York futures prices surged above the London cash price.

The wait to withdraw bullion stored at the bank has risen from a few days to between four and eight weeks, sources told the Financial Times.

“Gold is a physical asset, so there are real logistical constraints and security constraints,” said Ramsden. “You know getting into the bank for me this morning was a bit trickier because there was a lorry in the bullion yard,” he said. “It takes time and the stuff is also quite heavy as you know.”

The logistical nightmares don’t stop there.

The bullion is shuttled to the airport in London by security firms in high-strength vans. But because the Comex commodity exchange in New York, where the gold will be housed, requires a different size of bar, the gold must first be sent to Swiss refiners to recast it before flying on to the U.S.

The recast gold is often then loaded into the cargo holds of commercial passenger flights, the cheapest and safest way to transport the valuable commodity across the Atlantic, says the WSJ.

Since Trump’s election in November, 393 metric tonnes of gold have been moved into the Comex vaults in New York, pushing its inventory up by 75 per cent, says the Financial Times.

The actual amount going into the United States is probably higher than that, market participants told the FT, because shipments are also likely going to private vaults owned the two biggest players JPMorgan and HSBC.

New York prices may have further to climb. Goldman Sachs raised its 2025 gold price forecast to US$3,100 and UBS has hiked its to over US$3,200.

Gold was trading at US$2,927.70 this morning.

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DiscoverGold 4 days ago

Gold Setups Up with Bullish Pennant Pattern
By: Bruce Powers | February 18, 2025

• Gold's strong breakout challenges recent bearish signals, with a bull pennant pattern suggesting further upside if resistance at $2,943 is decisively breached.

Gold came back strong on Tuesday and is on track to end the day at a new record high daily closing price. At the time of this writing, it reached a high for the day of $2,936 and it continues to trade near the highs. Nonetheless, it is on track to possibly close in the top quarter of the day’s trading range following a bullish breakout above Monday’s narrow range inside day. Even though there was a shortened trading day for futures, the one-day breakout is bullish, particularly since gold may have a strong close for the day.

Minor Pullback Shows Strength

There was only a minor pullback following the record high of $2,943 reached five days ago. And then there was an attempt to break out above that high last Friday before the sellers took back control and drove the price of gold lower. The day ended in a clearly bearish position near the lows of the day and having established a possible double top pattern.

A clear decline from a second high would be expected to lead to further weakness. But given today’s bullish price action the bearish implications of Friday’s trading activity seem to have diminished. Instead, gold could make another attempt to go higher before a deeper pullback and it may have some success. Regardless, indications of strength would be needed to indicate that gold may go higher.

Bull Pennant Forms

Since the new record high was hit last week a bull pennant pattern has formed on the daily chart for gold. It takes the form of a small symmetrical triangle. Today’s high price confirms the top boundary line of the pattern as there are three points touching the line. Therefore, a rise above today’s high of $2,937 would provide a bullish signal but with less confidence than a decisive breakout above last Friday’s high of $2,940.

A sustained bull breakout of the pennant would confirm the bullish reversal following an attempt to breakdown last Friday. Therefore, a bull breakout may have greater strength given the failure of the breakdown. Failed patterns can lead to sharp moves in the opposite direction. Nevertheless, gold could consolidate further within the pattern before it is ready to move.

Counters Last Week’s Bearish Indications

It is interesting to note that a similar situation would occur on a breakout above the $2,943 high, which is also a weekly high. Gold established a potentially bearish shooting star candlestick pattern last week. It shows a weekly closing price in the lower third of the week’s price range. Although the one-week pattern needs to be confirmed by a breakdown below last week’s low, it nonetheless shows sellers in charge and the potential for further bearish price moves.

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surfer44 4 days ago

Peter Lynch Explains Tech Stocks (1994)

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surfer44 4 days ago

The preferred model...

Gold Rush Crowdsourcing
By Seunghyun
Alumni
Modified Mar 20, 2017

Golden Crowdsourcing in the very Conventional Industry

In 2000, gold mining companies in Canada, Goldcorp, faced serious problems. They were no longer able to find gold or yield meaningful profit. Rob McEwen, the founder and CEO of the company became frustrated with continuing underperformance. So he convened a meeting with geologists of the company and told them to find more gold in the company’s gold mine in Red Lake. The geologists came back reporting that there could be as much as 30 times gold in Red Lake mine that Goldcorp was producing, 50,000 ounces a year.

Since they couldn’t pinpoint where to begin looking and any exploration process was likely to be time-consuming and expensive-they just couldn’t afford to investigate, drill holes, continue investigations, and drill holes. Rob McEwen – Goldcorp’s CEO – decided to do something bold. Inspired by an MIT conference he attended in 1999 – where the story of how Linus Torvalds used the Internet as a collaborative resource to build the Linux software operating system – McEwen decided to crowdsource a solution.

So CEO, Rob McEwen, came up with an idea of publishing all the 400 megabyte geological data from the company’s research,which went back as far as 1948, and writing a notice on the company homepage. “I’ll give $ 575,000 to anyone who stays exactly where the gold is in the Red Lake gold mine.” Anyone could participate-literally crowd sourcing. Unsurprisingly his colleagues were skeptical, particularly as it was such a risky venture. The company was, after all, giving over its proprietary data as well as admitting to the industry that they were unable to find these elusive gold deposits.

Rob McEwen, however, decided to execute his idea of crowdsourcing. He opened the contest under the name of Goldcorp challenge.
So many people around the world rushed to solve this problem. The 21st century Gold Rush 2.0 had begun. Within a few weeks, over 1000 submissions came in from all over the world from virtual prospectors, which included geologists, mathematicians, military officers, students, and consultants. The winner came from Australia from the other side of the globe. Based on the data published by Goldcorp on the Internet, Fractal Graphics and Taylor Wall and Associates made a collective effort and created a 3D map of the Red Lake gold mine. But the winner was not important. With this map, Goldcorp could identify 110 deposit sites. Fifty percent of them were locations that the company did not know. The company confirmed that 80% of the new amount actually had a substantial amount of gold. And Goldcorp was able to dig six billion worth of gold. Eventually, Goldcorp has become the most profitable gold mining company.

Rob McEwen and his company, Goldcorp was able to create value by trying something very innovative in the very conventional industry. Confidentiality and secrecy are industry watchwords and yet here was the CEO apparently giving away the family jewels. This could be attributed to his background. McEwen was not a miner, nor did he come from a mining background. Before being bitten by the gold bug he worked in the investment business for Merrill Lynch. And so he did not feel constrained to adopt conventional mining wisdom. Not having grown up with the assumptions of the industry he felt able to question them. By sharing their research data first, Goldcorp provided knowledge that external people could begin with. Eventually, Goldcorp captured values, more than 10,000 times bigger than they paid for the winner.

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surfer44 4 days ago

My A.I is smarter than your A.I. Sorry!

Musk Debuts Grok-3 AI Chatbot to Rival OpenAI, DeepSeek

Amy Thomson and Vlad Savov
Tue, February 18, 2025 at 3:04 AM PST 4 min read

(Bloomberg) -- Elon Musk’s artificial intelligence startup xAI debuted its updated Grok-3 model, showcasing a version of the chatbot technology to challenge OpenAI days after the billionaire’s unsolicited cash bid to buy the company was rejected.

Most Read from Bloomberg

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fink 4 days ago

What gold miners or silver miners are you guys watching.

GROY has been my long term gold watch. Never got in. Wish I did before the election.

And does anyone know of a silver type GROY trust?

What's your favorite if the chit hits the fan.
Robert Kiyosaki owns a silver mine in Utah. $5 stock? Can't find it.

UROY is my uranium watch. Uranium will have its day

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DiscoverGold 4 days ago

Gold: Citing strong central bank demand, Goldman Sachs has increased its gold price forecast for the end of 2025 to $3,100 per ounce, with potential to hit $3,300 if economic uncertainties, especially around tariffs, continue
By: Isabelnet | February 18, 2025

• Gold

Citing strong central bank demand, Goldman Sachs has increased its gold price forecast for the end of 2025 to $3,100 per ounce, with potential to hit $3,300 if economic uncertainties, especially around tariffs, continue

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surfer44 5 days ago

Milei’s Crypto Post Triggers $4.6 Bn Surge, Then A Crash | World Business Watch | WION News

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fink 5 days ago

He created pay pal
Thats pretty boring to me..

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surfer44 5 days ago

Does Elon do boring accounting work?

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DiscoverGold 5 days ago

Gold & Gold Stocks Due for a Pause
By: Jordan Roy-Byrne | February 17, 2025

Last week, we wrote about the Near Perfect Setup in gold stocks but that a correction or pause was likely before a sustainable breakout.

Gold closed the week at $2900 after trading as high as $2968. It has measured upside targets of $3000 and $3050.

It is overbought, which is a long-term positive, but can be a short-term negative.

Gold is a little extended from the average of the four best cyclical moves. It could move sideways for over four months and still maintain the average line.

The average reveals that the two points of acceleration are in July 2025 and January 2026.

The gold stocks have rallied up to important, multi-year resistance.

That includes seniors and large caps (GDX, XAU), mid-tiers (GDXJ), and juniors (GOEX).

A pause or correction is a reasonable outcome and does not do anything to change the larger technical setup, which is very bullish.

Short-term breadth indicators for GDX and the HUI reached extreme overbought readings while medium to intermediate term breadth indicators remain at healthy levels.

We plot GDX below and a number of breadth indicators.

On Thursday, 94% of HUI stocks (similar to GDX, excluding royalty companies) closed above the 20-day and 50-day moving averages, while 73% closed above the 200-day moving average.

The other breadth indicators (new 52-week Highs, Golden Cross, and Bullish Percentage Index) have more room to move before indicating the threat of a significant correction.

On Thursday, 100% of the Top 33 stocks in GDXJ closed above the 20-day moving average, while 95% closed above the 50-day moving average. That is a short-term extreme.

The 20-day exponential moving average of new 52-week highs and the percentage of those Top 33 stocks above the 200-day moving average are not at extreme levels.

The big picture remains very bullish for precious metals.

Gold is following a bullish path, and gold stocks have the potential for a significant breakout. While breadth and sentiment are growing more bullish, they are not yet at the extreme levels that would cause a significant correction.

However, the risk of a pause or a short-term correction is rising.

Gold is overbought, and gold stocks are testing multi-year resistance. As of Thursday, short-term breadth indicators were extremely overbought.

Whether a correction materializes or sector momentum continues, it is best to focus on individual companies and identify the best values. It’s another way to sidestep corrections.

We are already positioned in the leading companies but are actively uncovering more companies that could lead the next move higher.

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fink 5 days ago

Elon to audit Fort Knox.

You know what's in there? One big paper IOU.

If that bitch is empty or it's gold plated lead, the shits going to fly in price.

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