Summer Doldrums Queue Autumn Bulls

Source: Mineweb, Dorothy Kosich (6/13/11)

"June pullbacks bring September bounce backs."

Mineweb, Dorothy Kosich

UBS has lowered its one-month gold forecast from $1500 to $1475, but raised its three-month forecast from $1400 to $1600.

Dr. Edel Tully of UBS Investment Research recently wrote, "We are bullish on gold's prospects for the rest of this year, but would not rule out a pullback over the summer months."

"There are three major reasons why we think gold could reverse," she said. "1) the end of the Fed's QE2, 2) the traditional seasonal slowdown, and 3) the potential for gold prices to tumble during an extreme risk-off event when cross-asset correlation is high."

"However, we think that any foray to the downside will be short-lived as dips will be well supported," Tully stressed.

In her analysis, Tully said that UBS believes gold already have experienced its lower for this year on Jan. 28 when the gold price dropped to $1308.

"Second while investors are reluctant to buy gold right now as it trades close to the record highs of $1577, there is certainly investor money waiting on the sidelines for a pullback below $1,500," she suggested. However, UBS advises that some of gold's perceived end-of-QE2 risk may already be done. "Importantly, rather than the potential for QE3 fully driving gold prices in H2, there's the threat that real interest rates might remain entrenched in negative territory across many regions."

"Third, gold would be supported if the European debt crisis stumbles along without a solid solution. The same is true of the U.S. fiscal situation," Tully observed.

"Finally, while this is not strictly the traditional season for many physical markets, we still except physical demand to accelerate below $1500, form the current 'average' volumes," Tully advised.

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.