(Adds comments, updates prices) * Gold denominated in pounds falls over 2% * Gold declines about 1% so far this week * Palladium hits record high of $1,705.84/ozBy Asha SistlaOct 11 (Reuters) - Gold prices fell 1% on Friday, on trackfor a weekly loss, as optimism around the U.S.-China trade talksand the possibility of a Brexit deal diminished some save-haveninterest inbullion, while palladium scal...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 334,38358,82053,301167,755478,697555,439590,818 Change from Prior Reporting Period 11,5835,013-5,1984,70511,95911,09011,774 Traders 21469785451292175 Small Speculators LongShortOpen Interest 61,51826,139616,957 98229812,072 non reportable...Read More
Gold investment demand was strong in the months following gold's decisive breakout to new bull-market highs in late June. The metal's upside momentum fueled big capital inflows, accelerating its gains. But soon after gold's upleg stalled, so did the investment buying. With stock markets still near record highs, the normal portfolio-diversification motive for owning gold is lacking. Thu...Read More
By: Ira EpsteinGold has been stuck for a week and a half trading around the 18-DMA..Read More
Do not believe in Trump on the trade deal. Let there be a trade deal and the details made public. Then only gold will fall. Till there is a confirmation of a trade deal, I will prefer to use a buy on sharp dips strategy for gold and silver. Intraday volatility will rise in gold and silver. Traders and investors are used to one way price moves. It seems they do not like wider range trading. I hav...Read More
RICO was designed to go after organized crime syndicates. It was first used against the mobsters in the 1930's during prohibition when all the bootleggers were running around killing people in the streets. Oh, and more importantly they weren't paying taxes on all the booze they were selling and you know how the government hates to cheated on their theft, I mean taxes. First of all that's why they...Read More
For Part 1 of this interview, CLICK HEREFor Part 2 of this interview, CLICK HEREIn this final part of the series, Mike and Chris discuss the ramifications of the growing political divide in the USA. What are the solutions? What can we do? Stay tuned until the end for Mike's trademark answer to these most important questions.Christopher Martenson is a former American biochemical scientist. Currentl...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Desperation continues at the Fed. They're expanding their balance sheet (again), but denying that it's QE, despite the fact that they've added almost $200 billion to their balance sheet in just a matter of days. Fed Chair Powell is also out-and-about pretending that everything is just fine. Central planners always box themselves into a corner. Neither lies, nor more counterfeiting can fix the trou...Read More
"Taken together with other deployments I have extended or authorized within the last month, this involves about 3,000 United States forces," the Pentagon chief said.Continue...Read More
In Canada, they are now fining people whose cell phone is visible in their car. You don't have to be using it at all. If it is simply visible it is deemed to be a distraction. Continue...Read More
Today's relief rally is brought to you by chastened US and Chinese trade negotiators who are now working on a "mini" trade deal that will apparently include a reduction in USContinue...Read More
Today's guest, Marco Janssen, shares his thoughts on the demise of the European Union. During our discussion we talk about negative rates, quantitative easing and the threat of a cashless society in the near future. Marco highlights why the EU experiment is revealing to the world that Central Bank policy is disastrous for humanity. To find out more about Marco Janssen visit the link here: http://w...Read More
The answer is very bad. The structure of the Eurozone is an absolute disaster. It is promoted as a single country, but it lacks everything that stands behind a Continue...Read More
The first portion of the trade deal will be written over the next three weeks, Trump said Friday afternoon. Continue...Read More
The Federal Reserve will be continuing its overnight funding operations through at least January 2020, the central bank announced Friday.Continue...Read More
Technical analyst Clive Maund charts a junior explorer and explains why he sees it as a speculative buy. Although we are generally aiming to gravitate towards the large and mid-cap gold stocks during the early stages of the sector bull market, it is worth considering smaller stocks from time to time, if they measure up fundamentally and technically. Goldcliff Resource Corp. (GCN:TSX.V) is one suc...Read More
Recent assays demonstrate high prospectivity between two existing zones. Pure Gold Mining Inc. (PGM:TSX.V; PUR:LSE) identified a new target area for discovery at its Madsen gold complex in Ontario, it announced in a news release. As such, the company expanded its current drill program by 20,000 meters (20,000m). The new area of interest, where Pure Gold hit mineralization on drilling and where ex...Read More
These results are from one of the company's high-priority regional prospects. Nighthawk Gold Corp. (NHK:TSX.V) announced in a news release results from eight more holes drilled over 2,328 meters (2,328m) at its Treasure Island gold project. Assay results are pending for the last nine holes of the total 19 drilled this year at Treasure Island, which sits on Nighthawk's Indin Lake property in Canad...Read More
Theentire precious metals sector rallied yesterday, but the upswing wasparticularly visible in case of silver and (especially) mining stocks. Both:silver, and miners moved to new October highs. Silver’s breakout was tiny, butminers rallied relatively significantly and that’s the part of the current longtrade that’s particularly profitable. Of course, these profits are near tonoth...Read More