* World and European indexes at 3-week high * Samsung profit warning weighs on Asia * Dollar ticks up, euro hit by weak German data * Bond yields resume rise in Europe, U.S. markets * Oil stays firm in commodity markets * Graphic: World FX rates in 2019 By Marc JonesLONDON, Jan 8 (Reuters) - A strong day for Europe and a jumpin Wall Street futures kept world stocks at a three-week high onTuesday,...Read More
Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More
(Updates with closing prices)By Eric OnstadLONDON, Jan 8 (Reuters) - Aluminium prices slipped onTuesday as bearish speculators kept up selling pressure, whileother base metals were lacklustre ahead of the conclusion ofU.S.-China trade talks.Aluminium has been the worst performer on the London MetalExchange during the last two months on concerns about excesssupply that gathered momentum after the U...Read More
Falcon Gold (TSXV: FG) reported that its exploration team in Argentina found high-grade gold mineralization at concessions of its Esperanza Resources S.A. project, also known as ERSA.The project is located in the western La Rioja province and it is comprised of seven mineral concessions covering an aggregate area of 20,461 hectares. The property sits on the Sierra de Las Minas District, which is r...Read More
Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More
Gold trades like a safe haven because in part that's what it is.The yen is a piece of crap, but it trades like a safe haven due to the relentless popularity of yen carry trades.Divergences or non-confirmations between gold and the yen can create trading opportunities.Editor's note: Originally published at tsi-blog.com on January 8, 2019 About five months ago I posted an article in response to...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
Stock prices have become synonymous with economic growth and prosperity.In truth, the stock market is nothing more than a reflection of the inflation/currency devaluation caused by the Fed's money printing and lascivious enablement of rampant credit creation.If the stock market was "big fat ugly bubble" in 2016, what is it now?The stock market has become the United States' "sacred cow."...Read More
Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More
Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More
Gold was one of the most liquid assets of 2018, with daily trading volumes in the same neighborhood as S&P 500 companies, according to the World Gold Council.This past Friday, Federal Reserve Chairman Jerome Powell commented that "we will be patient" with further rate hikes, which I believe is good news.The Dallas Fed president, Robert Kaplan, said he supported putting additional rate hikes on...Read More
Published8:17PM ET Mon,7 Jan 2019Updated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold fell on Tuesday as global stocks rose on improved prospects for a U.S.-China trade deal and the dollar regained some ground, while palladium notched a fresh all-time high on tight supply.Spot gold slipped 0.3 percent to $1,284.75 per ounce as of 1:48 p.m. ET. U.S. gold futures settled down $4...Read More
McClellan Financial Publications, IncPosted Jan 7, 2019January 4, 2019“If Santa Claus should fail to call, the bears may come to Broad and Wall.”That’s the old saying in the financial markets, referring to the “Santa Claus Rally” period which consists of the last 5 trading days of the year plus the first two of the next year.Yale Hirsch first took on the task of quant...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 8, 2019 It’s time for the queen of assets to rest and consolidate.Nothing goes up in a straight line, and that’s certainly true for gold! Please click here now. Double-click to enlarge this daily gold chart. A pullback to about $1250 would be a healthy 50% retracement of t...Read More
By: Clint SiegnerThe Bureau of Labor Statistics delivered a blowout jobs report on Friday. Headline chasing algorithms and investors responded by snapping up stocks. They also sold some gold and silver futures, driving prices lower on the day.To Wall Street cheerleaders, it looked like the stock market correction might be over and precious metals would be headed out of fashion, once again.It loo...Read More
King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can hamper exporters, commodities, oil, gold and more.So will rates continue to rise in 2019? If so, the dollar will follow suit, putting ad...Read More
By: Mickey Fulp Price ratios determine relative value of the precious metals and are useful tools for deciding which metal to buy at any given time. In previous musings, I documented the history of gold and silver prices and ratios from the United States' abandonment of the gold standard to present, then followed with similar treatments for platinum-gold and platinum-palladium (Mercenary Musin...Read More
By: Stewart Thomson 1. It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!2. Please click here now. Double-click to enlarge this daily gold chart.3. A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.4. Gold begins 2019 with some very positive...Read More
Focus will be on US-China trade talks and its result. Central banks are buying gold as per releases by the world gold council. Retail investors are waiting for more correction. Right now there is NO "herd mentality" to buy or invest in gold and silver. Herd is there when prices shoot up in the short term with no signs of correction. In the next seven days (till 16th January 2019), spot gold need...Read More
2019 is beginning to look a lot like 2010. Economic growth will be hard to find. Metals should start going up smartly later in the year. The Fed will be buying all the debt that's being produced. People will realize that there's no plan and that there's no turning back. No going back to normal. The past 4-5 years were a time of relative economic tranquility, but that's over. Calling in the Plunge...Read More