Monarca Minerals (TSXV: MMN) entered into an option agreement to acquire a 100% interest in the 5,580-hectare San Jos?(C) project located in Chihuahua, northern Mexico.To go ahead with the deal, Monarca will pay a total of $150,000 to the mining concession owners and the agreement includes a 2% Net Smelter Return royalty upon reaching commercial production.In a media statement, the Canadian miner...Read More
* Q1 GDP down 3.2% on quarterly basis * Central bank mandate news also weigh * Stocks lifted by heavyweights (Updates prices, adds stocks)JOHANNESBURG, June 4 (Reuters) - South Africa's rand slumpedon Tuesday after data showed the worst quarterly economiccontraction in a decade at the start of 2019, while stocksgained.The rand was also hammered by news that South Africa'sgoverning party has agreed...Read More
(Adds market reaction, analyst)By Jan Strupczewski and Balazs KoranyiBRUSSELS/FRANKFURT, June 4 (Reuters) - Euro zone inflationfell more than expected last month, adding to worries about weakprice pressure and reinforcing the case for more stimulus by theEuropean Central Bank.With growth slowing as a global trade war heats up, majorcentral banks appear to have given up plans to tighten policyand i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Nasdaq Composite index, heavily weighted towards tech stocks, fell sharply Monday on reports Alphabet and Facebook are facing Federal probes of their business practices. Alphabet (GOOGL - Get Report) sank on reports of an anti-trust probe and an issue that caused traffic congestion across key parts of its network over the weekend....Read More
The Monday Market Minute Global stocks extend declines as trade, growth and politics keep investors on the sidelines of risk markets around the world.China digs in for a prolong trade battle with the U.S., with a stance that could see American firms targeted by Beijing, while President Trump pushes Mexico to address the southern border and the region's growing immigration crisis.European stocks...Read More
Investing.com - Gold prices rose on Monday in Asia amid worries over Mexico and escalating trade tension between China and the U.S.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, was up 0.4% at $1,316.45 per ounce by 12:45 AM ET (04:45 GMT).The Trump administration announced on Thursday it will impose a 5% tariff on all imported goods from Mexico b...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 4, 2019 The powerful sell signals I have in play for US stock markets at my www.guswinger.com trading service show no signs of abating. Please click here now. Double-click to enlarge this Nasdaq ETF chart. President Trump unleashed a huge corporate tax cut early in his presidency, an...Read More
The Precious Metals sector has broken strongly higher in recent days, with silver breaking out of its downtrend just yesterday, when the fundamental reason for this move emerged - the Fed has let it be known, via the St Louis Fed governor, that they are going to drop rates soon. This is clearly a panic move triggered by the stockmarket breaking down below key support - the intention is to head...Read More
"Markets are constantly in a state of uncertainty and flux and money is made discounting the obvious and betting on the unexpected." George Soros, financier, philanthropist, political activist, author and philosopher, b. 1930 "Regardless of current economic conditions, it's always best to remember that the stock market is a barometer and not a thermometer." Yale Hirsch, creator of the Stock Tra...Read More
By: Ira EpsteinGold is honing on $1,329.20 area resistance. August gold is looking impressive. $1,336 is the next objective. This market is possibly showing an important, watershed moment -- this has an energy that it has not had in a very long time. Is the market overbought? Yes:Read More
London 4th June, 2019: Today, Kinesis Money announces the initiation of its UK and EU debit card program with Contis Group, the award-winning platform as a service (PAAS) that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4. The release of these EUR a...Read More
By: Clint Siegner, Money MetalsU.S. leaders are demanding the rest of the world recognize economic sanctions and stop buying Iranian oil. The U.K., Germany, France, Russia, China, and India are among the nations who don't fully support the sanctions and would rather not pay higher prices for oil elsewhere.American officials more and more often resort to delivering ultimatums, both to adversaries...Read More
- Richard (Rick) Mills The ongoing battle between the United States and China for economic supremacy isn't only being fought in the gilded ballrooms of Washington, as trade negotiators from either side parry over automobile parts content, intellectual property rights, government subsidies and the like. Casualties and victories are also borne out over the decks of hulking freighters that carr...Read More
By: Avi GilburtWhile I will let the "real" analysts debate about how we should handle our trade deal regarding China, I am only here to discuss the sentiment around the China deal.This past week, I have seen many posts like this one:"We wouldn't be down at these relatively low levels had China settled with Trump. Guaranteed."The posters' logic works like this: The market has been dropping ever s...Read More
StrengthsThe best performing metal this week was gold, up 1.61 percent. Gold traders are neutral on the yellow metal this week; however, the weekly Bloomberg survey was conducted on Thursday before gold shot above $1,300 on Friday morning. Gold saw its first monthly gain in May, breaking a streak of three st...Read More
Don't fight the Fed, as the saying goes. The implication is that the central bank is firmly in control of the money supply: loosen it and stocks have nowhere to go but up. Betting on this outcome has been a big winner since the bull market took off in March 2009. However, all bull markets end, and so will this one. When it does and there are reasons to think this has already occurred - the c...Read More
Gold faces key resistance at $1339.10. Gold needs to break and trade over $1339.10 to rise to $1353 and $1374. Sell off will be there if gold does not break and trade over $1339.10. Speculation of interest rate cuts by the Federal Reserve will be bullish for gold and silver. Momentum is very bullish. Today and tomorrow are very crucial days for continuance of bullish trend. Silver needs to trade...Read More
Today's guest, John Rubino, joins us to share his thoughts on the monetary system, the issues surrounding to much debt and how the current events unfolding could be the end game. John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit fr...Read More
Charles Nenner returns at a crucial time as we stand at an economic crossroads, we get Charles' latest forecasts on the stock markets, Gold and the contrarian asset Bitcoin. We also get critical advice on how to preserve our living standards and purchasing power in such uncertain times.TOPICS IN THIS INTERVIEW:01:05 Hyper-drive stock market and its cyclical nature08:05 What to expect from the stoc...Read More
The gold/silver ratio has just reached 90, this is as high as it has been for 28 years. Find out what Jeff Clark and Mike Maloney make of this event in today's video. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education co...Read More