#Gold & #Silver Wish You a Merry Christmas! Prices are breaking out on the upside - Now All We Need is a Confirmation!

#Gold & #Silver Wish a Merry Christmas to all of you!

 

Attachment 1 shows the breakout of Gold on December 24, 2019, from a falling wedge.

 

Attachment 2 displays Silver's second day breakout on the upside from a falling wedge.

 

The market needs closing prices for gold and silver above the breakout point for 2 more trading days to confirm that the bull market has resumed. 

#Silver stocks - Strong advance yesterday

 Silver shares did extremely well yesterday. A

nice Christmas gift!

 

We couldn't find any particular reason for the

strong advance. However, as attachment 1 shows,

the silver futures price was up % 1.6% to

US$ 17.50 per ounce.

 

There was a comment by former FED Chairman

Allan Greenspan on inflation (attachment 2).

 

The following is a list of silver (or so called

silver stocks). Most of these companies have

the majority of revenues from gold but the

market treats them as silver stocks.

 

Coeur Mining (CDE)                         US$  7.65 + 10.1%

Hecla Mining (HL)                            US$  3.26 +   8.7%

Fortuna Silver (FVI)                          CAD 4.82 +   8.6%

First Majestic Silver (AG)                 US$ 11.23 +  8.4%

Americas Silver Corp. (USA)            US$   4.14 +  7.8%

SSRM Mining (SSRM)                      US$ 17.55 +  6.0%

MAG Silver (MAG)                           US$ 11.14  + 5.5%

Wheaton Precious Metals (WPM)     US$ 28.50  + 4.8%

PanAmerican Silver (PAAS)             US$ 22.43  + 3.8%

 

and the largest silver share ETF:

 

Global X Silver Miners ETF             US$ 31.74  + 4.30%

 

The daily chart is on attachment 3.

 

Attachment 4 displays some stocks of the Philadelphia Gold

and Silver Index (XAU). All the stocks in the Table advanced.

Attachment 5 displays the daily chart of this index.           

 

The World’s Wealthy Are Hoarding #Gold - Physical not #ETF‘s

At least that's what Goldman Sachs says...

The Wealthy Are Hoarding Physical Gold

Via SchiffGold.com

The world's rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients.

In the note published over the weekend, Goldman recommended diversifying long-term bond holdings with gold, citing "fear-driven demand" for the yellow metal.

Hedge funds and other large speculators boosted their bullish bets on gold by 8.9% through the week ended Dec. 3, according to government data released last Friday. That represents the biggest gain since the end of September.
 

The Goldman note cited political uncertainty and recession fears as the catalyst for the move toward gold. It also mentioned worries about a wealth tax, increasing interest in Modern Monetary Theory (essentially money-printing) and the current loose central bank monetary policy.

Data buried in the note also revealed that owning physical gold appears to be the preferred method to "hedge against tail events" by the rich.

"Since the end of 2016 the implied build in non-transparent gold investment has been much larger than the build in visible gold ETFs."

#Gold #Mining Companies’ M&A Disparity

 Recent deal metrics on average value reserves at ~US$260/oz and production at ~US$3,900/oz. For takeovers the average bid premium is 24%, with Barrick+Randgold's zero percent premium model not lasting.

Most of the M&A activity in the last six months has been focussed on individual asset divestments from the majors

From GMR:

One thing that strikes GMR about the flurry of recent M&A in the gold sector is it highlights a disparity between the market (gold equities are drifting lower) and acquisitive company boards encouraged by a robust gold price. The risk is some boards/management may feel they have missed out or have been leapfrogged by peers, further driving M&A activity into 2020. GMR feels a bad sense of déjà vu.... or is it just us?

The Gold M&A Disparity   In the last 18 months there has been some +US$25B of M&A activity in the gold sector. While the large mergers of Newmont+Goldcorp and Barrick+Randgold occurred early in this cycle, the number of deals has dramatically picked up over the last month. Recent activity includes Evolution's acquisition of Red Lake, Saracen's acquisition of 50% of KCGM, Zijin's bid for Continental and Kirkland's bid for Detour. Notably, recent deal metrics on average value reserves at ~US$260/oz and production at ~US$3,900/oz. For takeovers the average bid premium is 24%, with Barrick+Randgold's zero percent premium model not lasting. Most of the M&A activity in the last six months has been focussed on individual asset divestments from the majors (e.g. Red Lake and 50% of KCGM) or single asset businesses. The following table ranks the top gold equities by market capitalisation, 2019 production guidance, reserves and notional mine life on 2019 production. Stocks marked in blue have been involved in M&A in 2019. Significantly, three of the relatively small number of single asset companies have received bids/approaches in the last month highlighting where corporate interest is currently focused.

CRU: #China Plans to Come from Behind to Win the Global #Battery #Recycling Industry

CRU: China Plans to Come from Behind to Win the Global Battery Recycling Industry, Thanks to New Policies

LONDON, Dec. 2, 2019
/PRNewswire/ -- Lithium-ion battery (LIB) recycling is hardly new in
the developed world, with notable industry players and well-established
regulations in place to process the countless 3-cell batteries reaching
the scrap-heap each day from portable electronics.

However,
the lack of explicit regulations (EU excluded) and integral recycling
networks for the nascent secondary market of electric vehicle (xEV)
batteries means that the playing field has once again been levelled; and
China is positioning itself to capitalize on the opportunity.

Are proper regulations in place in China?

China is the world's largest
consumer of xEVs, representing 30% of global sales in 2018, and this
share is expected to double by 2030.



Read the rest of the article here: CRU: China Plans to Come from Behind to Win the Global Battery Recycling Industry...MetalsNews Feed: Mining Stocks, Gold, Silver, Base Metals, Energy & Commodities News

#Gold ending November with a surge, last at $1465/oz spot $GLD

#Digbee to bring “transparency and clarity to the #mining sector” with its #BigData & research #digital platform

Digbee is on the cusp of launching a ground-breaking accredited independent peer review system for complex mining projects

Founder Jamie Strauss is bringing to bear his years of experience in the mining industry

Founder Jamie Strauss is bringing to bear his years of experience in the mining industry

Jamie Strauss, the founder of Digbee, frames the process of making investment decisions in the mining sector in a remarkably simple way.

"People just want to know if the science has been done properly," he says.

"Or alternatively, are you trying to con me?"

It's a conundrum that has vexed mining company investment decision-makers for years, but one which is about to be solved by new products that are being launched by Digbee, Strauss's new company that aims, according to the strapline on its website [www.thedigbee.com], to bring "transparency and clarity to the mining sector."

Digbee is unique because it provides on-demand, cost-effective and easy-to-digest technical mining analysis using an expert network of accredited mining professionals that helps improve critical decisions and mitigate risk

More precisely, says Strauss, "Digbee offers accredited peer reviews of complex mining projects, with a specific focus on geology, metallurgy, mine engineering and project infrastructure."

As Strauss tells it, the demand for this sort of product can only grow.

2019 #Gold #Mining exploration budget recovery falters for the first time since 2016

For the first time since 2016, global nonferrous exploration budget decreased due to difficult market conditions and high-profile M&A activity.

• Estimated global nonferrous exploration budget falls 3% year over year to US$9.8 billion from US$10.1 billion in 2019

• Merger & acquisition activity in the mining sector is the key driver of budget reductions

• Base metals outpace gold as explorers decrease their gold budget by US$559 million year over year to US$4.29 billion — the largest decrease for any commodity

• Australia attracts largest budget increase, to surpass Canadian budget for the first time since 2001

See the whole report here:

bit.ly/MasterMetals

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#Gold Closes above $1500/oz for the week $GLD $GDX $GDXJ

Time to buy, don’t get left out. 

Looking good breaking out of the flag

Ditto on The ETF

Same for the Gold Mining Stocks. 

___________________________________________________

MasterMetals
@MasterMetals

#Gold & #Silver Jump

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