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J Taylor's Gold, Energy & Tech StocksWeekly corporate headlines & commentary
As this daily gold chart below reveals, gold has taken a breather as it is currently resting on the ceiling of the prior 2 week basking phase. A resting time for gold as well as for silver is likely to be short lived according to two of my favorite analysts, Alasdair Macleod and Michael Oliver. J Taylor's Gold Energy & Tech Stocks is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. While the sharp correction this past week appears severe, considering the recent rise in the price of gold the percentage declines have been moderate so that a correction of the magnitude of this past week should be expected. Alasdair Macleod wrote an article at goldmoney.com on Thursday in which he noted that the massive move from west to East and in particular China has resulted in England and the U.S. which dominate NATO no longer have the ability to manipulate gold prices as they have int he past. Asians want physical gold unlike American investors who have been subjected to anti gold propaganda to create a false strong dollar narrative. Unlike the U.S. and western countries in general who have posted their faith in a credit based currency rather than the only money there is--gold, China has a very high savings rate and for various reasons they’re now starting to swap their currencies for gold rather than other assets like real estate and stocks. Also, smart investors starting first with overseas investors understand that western government finances are on the verge of collapse. So, buying dollar denominated assets is not appealing to them. Michael Oliver stated in his weekend 360o Weekend Report that “We now argue that gold and related assets are entering the more dramatic phase of their bull trend. Furthermore, we argue that this bull trend is of greater magnitude and significance than prior bull trends, especially when compared to the external economic, social, and political factors that were then in play (from the mid to late 1970s and from 2000 to 2011). This is not just another gold bull trend.” He warned his subscribers not to jump in and out of this gold bull market because, “To exit this market will be highly risky, in that if you don’t quickly reposition at the right time, you can miss what will likely be a generational event. We strongly expect this trend will reveal much of what it has in the next year, and that it will be much more than any “normal” analysts might foresee. Lastly, we expect there will only be one head-turning corrective decline during that advance.” Michael agrees with Alasdair that silver is likely to rise twice as fast as gold. In that regard, Michael showed the following chart that reveals silver has just recently broken sharply a 4 + year decline vis-à-vis gold. So silver is now outperforming gold in a dramatic recent turn. The point is we are at the start of a very substantial and dramatic gold and silver bull market. That’s not only exciting because of the gains we anticipate from the metals but also from the companies that are discovering and mining them. And starting with the majors, we are also starting to see a breakout for the shares of those companies this Newmont chart shows. HEADLINE NEWS FOR THIS WEEK Here are the headlines for the weekending Friday, May 25. My weekly hotline message available to paid subscribers only will provide the nuts and bults of each news release as well as selective commens from myself. Friday, May 24, 2024Blackwolf closes purchase of camp assets at Niblackhttps://www.stockwatch.com/News/Item/Z-C!BWCG-3556341/C/BWCG Oklo Partners with Wyoming Hyperscale to Deliver 100 Megawattshttps://www.stockwatch.com/News/Item/U-b20240523208892-U!OKLO-20240523/U/OKLO Thursday, May 23, 2024Equinox Gold Pours First Gold at its Greenstone Minehttps://www.stockwatch.com/News/Item/U-210217-U!EQX-20240523/U/EQX West Red Lake appoints Preston as IR VPhttps://www.stockwatch.com/News/Item/Z-C!WRLG-3555914/C/WRLG Wednesday, May 22, 2024Altamira drills 146 m of one g/t Au at Maria Bonitahttps://www.stockwatch.com/News/Item/Z-C!ALTA-3555104/C/ALTA Hannan Metals samples up to 2,520 ppm Cu at Valientehttps://www.stockwatch.com/News/Item/Z-C!HAN-3555176/C/HAN Palisades investor Parker acquires 660,000 shareshttps://www.stockwatch.com/News/Item/Z-C!PALI-3554817/C/PALI Tuesday, May 21, 2024Brixton Begins its 2024 Drill Season at ThornCanasia's Andora completes buy of Swan Lake assetshttps://www.stockwatch.com/News/Item/Z-C!CEC-3554042/C/CEC Klondike Gold Gold closes $970,736 private placementKuya Silver Announces First Production from BethaniaLahontan to begin drilling at Santa Fehttps://www.stockwatch.com/News/Item/Z-C!LG-3554182/C/LG West Red Lake Gold Intersects 37.33 g/t Au over 2.79m at North Austion ZoneMonday, May 20, 2024Founders Metals arranges $10-million private placementhttps://www.stockwatch.com/News/Item/Z-C!FDR-3553906/C/FDR J Taylor's Gold Energy & Tech Stocks is a reader-supported publication. 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