Topics:Central Bank Gold Agreement (CBGA) not renewed for first time in 20 yearsYet central banks around the world are buying gold hand over fist!Luke's take on what's driving this and why it's so importantFundamental case for gold (review) and is this a good time to buy?Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
"Silver is the bargain of a lifetime. It's certainly the cheapest asset on the planet."Bill Murphy is a financial commentator and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and...Read More
In a rare victory for feminists and boob-fans alike, the city of Barcelona, Spain has ruled that women can swim topless in any of its municipal indoor or outdoor Continue...Read More
Erik and Ronald discuss why gold is an important asset to own, gold as equity hedge, global de-dollarization and sovereign gold holdings and much more.Ronald Stoeferle is a Chartered Market Technician (CMT) and a Certified Financial Technician (CFTe). During his studies in business administration and finance at the Vienna University of Economics and the University of Illinois at Urbana-Champaign,...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 350,55858,01349,905137,010461,335537,473569,253 Change from Prior Reporting Period 38,3441874,206-4,15432,20438,39636,597 Traders 23566765661312185 Small Speculators LongShortOpen Interest 62,84431,064600,317 -1,37742237,019 non reportable positionsChange...Read More
Steve St. Angelo, SRSrocco Report After six long years, the precious metals are finally setting up for BIG MOVES higher. Even though the gold price has increased significantly over the past two months, we haven't seen anything yet. Of course, gold has already enjoyed big moves in other currencies such as the British Pound where it has reached an all-time new high. However, we have to be a...Read More
The US stock markets are becoming more unstable, fueling mounting anxiety about what's likely coming. After surging to new all-time-record highs in late July, stocks plunged in a sharp pullback as the US-China trade war escalated. Stock markets' resiliency in the face of bearish news is partially determined by how companies are faring fundamentally. The big US stocks' just-reported Q2'19 r...Read More
Dr. Stephen Leeb & Chris Waltzek Ph.D. - August 7th, 2019. .Mp3 file. RecapBest selling author and show Mentor, Dr. Stephen Leeb returns with insights on the financial markets.Dr. Leeb is especially fond of the yellow metal, which recently touched a new 6-year record.The BIS changed its stance on gold, which it now views as compared to cash, boosting demand.Ironically, gold is the true cas...Read More
By: Ira EpsteinGold market is a bit excessive and overbought. It has broken out to the upside..Read More
Stocks made another late-day push todayIt was another day of volatile trading on Wall Street. In fact, today's price action mirrored Thursday's, with stocks paring sharp losses in the final hours of trading. The Dow even flirted with positive territory late in the day, despite downbeat trade comments from President Donald Trump, though the tech-rich Nasdaq remained lower as chip stocks took a hit....Read More
Gold futures settled virtually unchanged Friday but marked the best weekly return in more than a month, amid Italian political jitters and another wrinkle in the U.S.-China trade talks. December gold GCZ19, +0.01% on Comex shed $1, or less than 0.1%, at $1,508.50 an ounce. For the week, gold has climbed 3.5% based on the most-active contract's finish on Aug. 2. The weekly advance would mark the b...Read More
Gold futures settled virtually unchanged Friday but marked the best weekly return in more than a month, amid Italian political jitters and another wrinkle in the U.S.-China trade talks. December gold GCZ19, -0.02% on Comex shed $1, or less than 0.1%, at $1,508.50 an ounce. For the week, gold has climbed 3.5% based on the most-active contract's finish on Aug. 2. The weekly advance would mark the b...Read More
Both names announced strategic reviewsStocks are trading lower today on renewed U.S.-China trade tensions. Among individual names making notable moves are food delivery firm Waitr Holdings Inc (NASDAQ:WTRH) and Xerox spinoff Conduent Inc (NYSE:CNDT). Here's a quick look at what's moving the shares of WTRH and CNDT.Piper Jaffray Downgrades Waitr StockAfter being halted several times throughout the...Read More
Markets suffered their worst day of 2019 on MondayIt was a volatile week on Wall Street, with U.S.-China trade headlines sparking the whipsaw price action. The bulk of the action occurred to the downside, with stocks notching their worst day of the year on Monday after President Donald Trump labeled China a currency manipulator -- sparking a dramatic surge in the Cboe Volatility Index (VIX) that's...Read More
Gold futures are climbing as investors rush to safe-haven assetsGold prices have been in focus lately, as investors flock to safe haven assets amid the latest Fed decision and escalating trade tensions with China, flirting with six-year highs in recent days. This is good timing for Barrick Gold Corp (NYSE:GOLD), with the gold miner set to report second-quarter earnings before the open Monday, Aug...Read More
Eldorado Gold shares fell almost 9% after the latest press release.The company has submitted a preliminary short form base shelf prospectus with the securities regulatory authorities.This article explains the effect of this submission.The Skouries mine - The reason for the latest application? Overview Anyone who has read any of my previous articles will know that I am bullish on the outlook for t...Read More
Trump said he was "not ready to make a deal" with China The Dow Jones Industrial Average (DJI) is looking to end the wild trading week on a sour note, down more than 200 points at midday. President Donald Trump confirmed earlier reports that the U.S. is "not going to do business with Huawei," sending chip stocks into the red. In addition, the U.S. leader said he was "not ready to make a deal" wi...Read More
One trader placed a well-timed bet ahead of earningsThe shares of ViewRay (NASDAQ:VRAY) are getting destroyed today, after the radiation therapy concern reported a steeper-than-expected quarterly loss and cut its full-year sales guidance. The firm also announced the departure of CFO Ajay Bansal. At last check, VRAY stock was down 55.5% at $3.00 -- and it looks like one options trader placed a well...Read More