Energy & Commodities

Gold Enters A New Bull Market

Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners’ stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly under-deployed, gold has room to power much higher.

Gold momentum has certainly been building for a major upside breakout. Back in mid-April with gold still near $1300, I wrote an essay describing the “Gold-Bull Breakout Potential” and why it was finally coming. Then a couple weeks ago with gold in the $1330s, I published another one analyzing “Gold Surges Near Breakout”. For several years higher lows had slowly compressed gold ever closer to surging over resistance.

Today’s gold bull was first born back in mid-December 2015 the day after the Fed’s initial rate hike in its just-abandoned tightening cycle. Gold’s maiden upleg was massive, rocketing 29.9% higher in just 6.7 months to $1365 in early July 2016! But that first high-water mark has proven impregnable over the 3.0 years since. Gold tried and failed to break out in 2017, 2018, and 2019, repelled near a $1350 Maginot Line….CLICK for complete article

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De Beers, Namibia to spend $468m in world’s first custom-built diamond searching ship

Debmarine, a 50/50 joint venture between world’s No. 1 diamond producer by value De Beers and the government of Namibia, will build a $468 million-diamond recovery ship, the world’s first custom-made vessel of such kind and the seventh in the company’s fleet.

The watercraft, slated to start operations in 2022, would add about 500,000 carat a year of production capacity to Debmarine Namibia’s output. This, Anglo American’s diamond unit De Beers said, represents an increase of about 35% on current output levels….CLICK for complete article

Gold in Tech: I Can See Clearly Now!

Thanks to gold, you may see even sharper images on your smartphone, computer and television screens the future.

We’ve seen tremendous advances in high-resolution technology over the last decade or so. Modern smartphone displays pack millions of pixels in a few inches of space giving us crystal clear images. But researchers at Cambridge University have created even smaller pixels using gold nanoparticles….CLICK for complete article

The Three Assets That Outperformed The S&P Over 20 Years

Last week the world got its first look ever at a black hole, one of those cosmic bodies so supermassive and powerful that not even light can escape its pull. These things literally destroy all matter that comes within their reach, making them the trash compactors of the universe.

Some of you reading this right now can probably point to a few investments you made over the years that had more in common with…Click here for full article.

Newmont shareholders vote in favour of US$10 billion Goldcorp takeover

Newmont Mining Corp.’s US$10-billion all-share takeover deal of Goldcorp Inc. is almost complete after shareholders of the Denver-based company voted in favour of the merger Thursday.

The company said shareholders voted more than 76 per cent in favour of …Click here for full article.