The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More
* Mnuchin reportedly discussed lifting tariffs on China * Nickel hits two-month peak, zinc at month high (Add more quotes, updates with closing prices)By Maytaal AngelLONDON, Jan 18 (Reuters) - LME copper, nickel and zinc hitmulti-week highs on Friday as base metals gained on signs thetrade dispute between the United States and top metals consumerChina could be easing. The Wall Street Journal repo...Read More
Following a mapping and prospecting campaign in conjunction with a grid-based soil sampling program and follow-up rock channel sampling, Carube Copper (TSXV: CUC) reported the discovery of high-grade copper-silver mineralization at its Main Ridge Project in Jamaica.Known for its initials MR, the project covers 30 square kilometres of the island country's south-central region, an area where the Spa...Read More
The rise from the mid-August low continues.Consolidation at just under $1,300 per ounce.Rising open interest is a bullish sign.Three reasons for higher gold and a challenge of the 2016 peak.GDX and GDXJ could outperform gold and NUGT and JNUG are not for the faint of heart, but they could be explosive.The gold futures market has settled into a narrowing trading band that near the highest price for...Read More
Published 20 Hours AgoUpdated5 Hours AgoReuters Umit Bektas | ReutersGold slipped to the lowest in more than a week on Friday as hopes of a thaw in the U.S.-China trade dispute perked up stock markets, while palladium held above $1,400 on a supply crunch.Spot gold was down 0.68 percent to $1,282.57 per ounce. U.S. gold futures settled down $9.70 at $1,82.60 per ounce."Rising risk appetite among m...Read More
Our Adaptive Fibonacci modeling system is suggesting Crude Oil may have already reached very strong resistance levels just above $50 ppb. It is our opinion that a failed rally above $55 ppb will result in another downward price move where prices could retest the $42 low - or lower.You can see from this Daily Crude oil chart that price has formed a consolidated price channel between $50 and $53 ppb...Read More
A retired Brazilian Army officer who recently advised Canadian miner Belo Sun (TSX: BSX) about its plans to mine gold in the Amazon, will head the country's Indigenous Rights Agency (Funai) aiming at using his experience in the sector to deal with hundreds of impending clashes between miners and locals.Native descendant General Franklimberg Ribeiro de Freitas had run Funai until April 2018, but wa...Read More
Gold's 50-day moving average (MA) crossed the 200-day MA from below earlier this week, confirming the golden crossover - a long-term bullish indicator. So far, however, the golden crossover hasn't impressed the bulls. The yellow metal continues to trade in a narrowing price above $1,20. More importantly, a break above $1,300 will likely remain elusive, as the golden crossover is the result...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average turned higher Thursday, rising for the third straight day in a row. U.S. stocks have closed with gains in seven of the past nine sessions.Morgan Stanley (MS) earned 80 cents a share in the fourth quarter, missing forecasts of 89 cents. The stock fell 4.4%.Netflix Inc. (NFLX) will report earnings...Read More
The Thursday Market Minute Global stocks weaken amid concerns over the fate of U.S.-China trade talks as lawmakers target Huawei and ZTE with a bill targeting export bans.China Vice Premier Liu He confirms he'll attend two-days of talks in Washington starting January 30.Global oil prices slip lower as the U.S. dollar gains, EIA data shows domestic production rose to a record 11.9 million barrels...Read More
Bob Moriarty ArchivesJan 18, 2019I covered GFG Resources pretty well ina piece I did in early September. With a lack of news the shares price dropped about 45% based on shareholders not clearly understanding the incredible progress GDG has made.The biggest problem GFG faced for the last couple of years was shareholders dying of boredom due to a seeming lack of progress and a certain lack of news....Read More
Bob Moriarty ArchivesJan 18, 2019It was the bestof times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct t...Read More
CloseGain/LossOn WeekGold $1280.70-$11.10-0.59%Silver$15.33-$0.20-1.73%XAU68.38-1.66%-4.64%HUI150.77-1.96%-5.41%GDM571.03-1.19%-3.24%JSE Gold1330.83-22.76-3.81%USD96.37+0.32+0.73%Euro113.66-0.25-0.90%Yen91.24-0.53-1.04%Oil$53.80+$1.73+4.28%10-Year2.787%+0.041+3.15%Bond144.46875-0.5625-0.88%Dow24706.35+1.38%+2.96%Nasdaq7157.23+1.03%+2.66%S&P2670.71+1.32%+2.87% The Metals: ...Read More
By Ira EpsteinSurprise news on China-US Trade Deal progress sinks metals with exception of copper on Friday.https://www.iraepstein.com/ Read More
By David Brady, CFALittle new has occurred in Gold since my last article. The price remains stuck in a narrowing range from 1288-1295. On the one hand, it is close to breaking the channel it has been in since November to the downside. This would obviously be bearish, especially if support at the prior low of 1278 is taken out. Momentum indicators such as the RSI and both MACDs have already turne...Read More
HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio with a cutting-edge dialogue on Bitcoin.Fiat money is quickly becoming a true "barbarous relic" thanks to the unsound policies of global central bankers. The host outlines a bullet list of the remarkable qualities of cryptocurrencies "future-money" and the duo engage in a thought provok...Read More
By Gary TanashianLeaving aside our usual inclusion of macro fundamentals and market ratios, today let's take a simple technical look at the S&P 500 and gold.As the US stock market was becoming deeply oversold (and over-hated, sentiment-wise) in December we planned for a holiday seasonal bounce, which finally arrived with the immediate reversal after the Christmas Eve massacre when the machines (...Read More
Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin. So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short - which normally portends a big price increase. January is also the seasonally best time for gold and silver, since...Read More