Changing times for the long-suffering gold miners. Newmont, largest gold miner in world (& only one in S&P 500) blows-out estimates this A.M. (+53% above analysts' consensus). NEM's stock jumps 12.5% today. Agnico Eagle (3rd largest gold miner, #2 in market cap.) tonight reported…

Corrections in big gold bull markets are often swift and sharp, and given the recent huge move up, a correction is no surprise. I have no idea how long it will last, but this Kitco article is a worthwhile read on that subject. “From a trading psychology perspective, it makes…

In addition to the enormous debasement of G-7 currencies via central bank money printing, out-of-control government spending, deficits and debt pile ups, this article helps explain why gold (& silver) are becoming the hot asset to own globally (excluding the West - for now) as a…

The pressure on Apple just keeps ratcheting up. 'Huawei has packed the devices with premium smartphone features. The back of the phone has a textured covering, while the Ultra version of the gear has a 6.8-inch screen. All of the new phone offerings are equipped with cameras that…

While Taiwan Semi is benefitting from the Generative AI capacity buildout, the news for the rest of the semiconductor industry was not as bright as TSM revised down 2024 semiconductor market growth expectations. TSM CEO CC Wei on conference call this AM: “Looking at 2024 as a…

Just a quarter of the way through the year (through March) and the Reserve Bank of India has already purchased more gold than it did all of last year. Central bank gold accumulation is a trend that shows no signs of stopping.

This response is a good example of the Appleholics' denial that something is very wrong in Cupertino. Apple's cash flow is dropping sharply year-over-year, along with its buybacks (see AAPL's latest fiscal year results). Cook's never done any meaningful acquisitions and new…

The other non-'Magnificent Seven' stock (besides AAPL), Tesla, is also seeing its sales growth run in the wrong direction and that's now reportedly leading to 10% layoffs at the company. 'Tesla is maturing as a company and isn’t the growth story that it used to be,' said Craig…

How much longer can Apple investors pretend AAPL is a high growth stock deserving to be valued at a 27.5 P/E ratio & a $2.7 trillion market cap when unit shipments of its primary product (iPhones) are consistently showing negative growth? Per IDC, iPhone shipments in Q1 dropped…

Friday saw Western traders push gold past $2,400 leading to algo buying & short-covering. Once the upward momentum faded, they sold gold off (hard). Normally, after a long gold run-up followed by a significant intraday reversal, we would expect to see a lengthy correction. Next…

At least there are some Westerners buying gold (U.S. retail - up to $200 million per mo. in gold bars through Costco, but not U.S. & London institutional investors). “The accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST’s robust monthly eComm…

The pattern continues - gold up sharply in Asia overnight (as physical gold buying soars) and then attempts in NY to take it back down. Gold futures open interest fell yesterday by 5K contracts to 504K. That's 36K fewer open contracts than about mo. ago (March 13), yet gold is…

It's pretty clear who is driving gold to record highs: Asians (who have been the largest consumers of physical gold for a very long time). Not Westerners who are relatively minor players in the physical gold market. This story is an example of the extremely high interest in gold…

We're coming towards the end of the Gen AI (not AI) hype phase. ''And I think that’s led to uncertainty about whether language models are actually that valuable for business applications,' Colson said, referring to the AI systems behind ChatGPT and other programs.
Some have…

These are the people hurt most by inflation 'the cruelest tax'). It's not the rich and it's not the very poor (who are cared for by the government). It's everyone else in the middle. (It also doesn't help that the BLS CPI calculations are questionable). Wish the Fed understood…

Correct. Westerners are not driving this gold rally. And it's Westerners who move the mining stocks. That's the opportunity for those who feel they've 'missed' the gold move. Normally, miners increase 2-3x gold in rallies, yet gold's up 13% YTD & GDX only up 9% (off severely…

Really interesting insight&table. Notice all other occurrences came towards end of gold's 2 great (decade+long) bull mkts.(1970s&2000s). Pay particular attention to 6 mo.&especially 12 mo. returns. I date start of this bull run in Jan. '16. Heading towards another Grand Finale?

Western investors still clueless: 'gold’s upswing has left some mkt. watchers puzzled, especially as real US rates remained elevated' “There doesn’t seem to be a particularly good, fundamental reason that is clear &available to everyone to pin the move on.”bloomberg.com/news/articles/…