Earlier this week, Newmont Mining (NEM) rocked the gold world when it announced its $10 billion purchase of Goldcorp (GG).Continue...Read More
David's new book: Peak Trump: The Undrainable Swamp And The Fantasy Of MAGA.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is...Read More
Jan 28, 2019 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming E.B. Tucker, director of Metalla Royalty & Streaming, is sticking to his $1,500 an ounce gold call. "Gold is a commodity, so you see these cycles that run in the commodity business. They go to highs, they go to lows, and everybody gets scared of the lows, and they get euphoric at the highs. We're definitely at a low, an...Read More
Many people are expecting some degree of approaching collapse - be it economic, environmental and/or societal - thinking that they'll recognize the danger signs in time. Continue...Read More
The clouds part, and a crack of sunshine scatters the gloom...Markets learned today the Federal Reserve may soon declare victory... and mothball its ambitious balance sheet reduction plans.From today's Wall Street Journal:Federal Reserve officials are close to deciding they will maintain a larger portfolio of Treasury securities than they'd expected when they began shrinking those holdings two yea...Read More
LONDON, 25 January 2019 - With gold prices rising 1.8% this week to reach new 10-month highs against the Dollar, comment from BullionVault features tonight at financial ratings and news-site Morningstar.Reposted in a story first appearing on MarketWatch, "Geopolitical risk isn't backing off," says BullionVault director of research Adrian Ash.You can read the full report here:UPDATE: Gold ends shar...Read More
By: Ira EpsteinGold making lower highs, Bollinger Bands narrowing:Read More
DaBoyz more than held their own Wednesday, keeping the Dow airborne for six hours even though buying interest was practically nil. This is an achievement of sorts, and it suggests that although upside potential will be limited to whatever the stock market's masters can milk from daily mood swings, there would appear to be little enthusiasm for a hard selloff at the moment. In such circumstances,...Read More
Zero growth in the US economy in 2019 is a serious risk if the government shutdown, trade war with China and Brexit are not resolved - but recession is unlikelyTrump has not delivered on campaign promises about workers' rights and resentment is building; the government shutdown is now putting air traffic at riskFor more information about the Annual Meeting, visit www.weforum.orgDavos-Klosters, Swi...Read More
What a deal! Newmont Mining will buy rival Goldcorp, creating the world’s largest gold miner. What does it mean for the gold market? New Wave of M&A in the Bullion Industry Just a few weeks ago, Barrick Gold merged with Randgold Resources. The $18.3 billion-deal has created a sector-leading miner owning top gold mines and the largest reserve base among its peers. Initially, the new compa...Read More
US Dollar losses momentum and favors a rebound in gold. XAU/USD remains in ranges, near weekly lows but again above $1280. Gold reversed its intraday trend following the European Central Bank meeting and Draghi’s press conference. It was moving with a bearish and bottomed at $1276 (January low) and then bounced to the upside rising back above $1280. Is of writing tr...Read More
The broad stock market fluctuated within a short-term consolidation range yesterday following Tuesday's decline. Is this a topping pattern before another leg down or just some relatively flat correction within a new uptrend?The U.S. stock market indexes gained 0.1-0.7% on Wednesday, as they fluctuated following Tuesday's decline. The S&P 500 index continued its rebound off the December t26th m...Read More
Wall Street cheered earnings from several chipmakersThe Dow started the session in the red following hawkish comments from Commerce Secretary Wilbur Ross on U.S.-China trade negotiations -- though it was Ross's confusion over furloughed federal workers visiting food banks that became a major news story. The blue-chip index made a couple of brief forays into positive territoryas well-received earni...Read More
Apple, Amazon, and Facebook will be reporting quarterly earnings Earnings season is in full swing, with FAANG members Apple (AAPL), Amazon (AMZN), and Facebook (FB) set to report next week. In addition, several blue chips will step into the earnings spotlight, including Chevron (CVX), Boeing (BA), Verizon (VZ), and Visa (V). Elsewhere, traders will digest the Fed's policy statement and the subsequ...Read More
The stock just pulled back to a historically bullish moving average Since their early November bull gap that resulted in a two-year high of $69.00, the shares of TripAdvisor Inc (NASDAQ:TRIP) pulled back. Recently, though, TRIP has found support in the $52-$54 area and is already 5.1% higher this year. Plus, the travel concern just retreated to a key trendline -- a signal that, if history is any i...Read More
Toronto-based Anaconda Mining has shared updated resource numbers for two gold projects - Great Northern near the village of Jackson's Arm, Newfoundland and Cape Spencer 15 km east of Saint John, New Brunswick.The Great Northern project includes the Rattling Brook and Thor deposits. Rattling Brook has an inferred resource of 5.5 million tonnes averaging 1.45 g/t gold for 255,000 contained oz. usin...Read More
One analyst targets new record highs for SQThe Dow and S&P 500 are lower today, but a resurgent tech sector is powering the Nasdaq. Three names moving higher today are chip stocks Micron Technology, Inc. (NASDAQ:MU) and Nvidia Corporation (NASDAQ:NVDA), as well as Square Inc (NYSE:SQ). Below, we'll take a look at what's moving the shares of MU, NVDA, and SQ.MU Rally Running into Familiar Resistan...Read More
Imperial Metals has published its fourth quarter and year-end numbers for its operations. For the full year, the company produced 75.3 million lb. of copper and 79,056 oz. of gold.At the Red Chris copper-gold mine 80 km south of Dease Lake, Q4 production was 15.6 million lb. of copper (up 15% from Q3) and 12,366 oz. of gold (up 41% from Q3). Mill throughput for 2018 averaged 29,228 t/d and annual...Read More
Gold prices finished lower on Thursday, with the metal's short-term prospects linked to a firmer dollar, but investors keeping watch over the impact of the partial shutdown of the U.S. government and ongoing U.S.-China trade dispute. Longer term, most analysts remain upbeat in their outlook for precious metals as a mixed picture for the economic outlook and major global issues, including those tra...Read More
Gold prices finished lower on Thursday, with the metal's short-term prospects linked to a firmer dollar, but investors keeping watch over the impact of the partial shutdown of the U.S. government and ongoing U.S.-China trade dispute. Longer term, most analysts remain upbeat in their outlook for precious metals as a mixed picture for the economic outlook and major global issues, including those tra...Read More