The Thursday Market Minute Global stocks extend declines as Trump accuses China of "breaking" trade talks while Beijing vows to take ''necessary countermeasures' if tariffs are increased at mid-night tonight.China Vice Premier Liu He arrives in Washington today, but investors seem unconvinced he can salvage the months-long talks after Trump tells a rally in Florida that China "will pay".China st...Read More
Mauricio Carrillo12 hours ago (May 09, 2019 12:30 PM GMT)Gold Recovers After Rejecting 1,290, Palladium Down to 4-Month LowsGold is trading positive on Thursday as the pair found support at the 1,280 area following a rejection at 1,290 resistance on Wednesday. Risk aversion is still dominating the market amid the trade conflict between China and the United States.Palladium is trading negative for...Read More
Investing.com - Gold prices edged up on Thursday in Asia as traders nervously await the start of two-day trade talks in Washington later in the day to see if Chinese negotiators could convince the White House to back down on a possible tariff hike on Chinese imports.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.1% at $1,282.65.Gold's ri...Read More
Bob Moriarty ArchivesMay 10, 2019The whole issue of electric vehicles (EV) vs. conventionally powered either gasoline or diesel vehicles are going to determine demand for a number of commodities. That would include palladium needed for gasoline-powered cars, platinum preferred for diesel autos, both copper and cobalt for EVs. Regardless of what you read, no one knows what consumer preferences will...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 185,801110,39073,060142,078238,437400,939421,887 Change from Prior Reporting Period 8,526-66616,755-5,2102,83720,07118,926 Traders 18070795460261185 Small Speculators LongShortOpen Interest 49,10028,152450,039 -431,10220,028 non reportable positionsChange...Read More
The US stock markets sure feel inflectiony, at a major juncture. After achieving new all-time record highs, sentiment was euphoric heading into this week. But those latest heights could be a massive triple top that formed over 15 months. Then heavy selling erupted in recent days as the US-China trade war suddenly went hostile. The big US stocks' just-reported Q1'19 fundamentals will help...Read More
By: Egon von GreyerzMy long standing target for gold of $10,000 in today's money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to $10,000, it won't be under the same circumstances that we saw in the 1970s. Gold then went from $35 in 1971 to $850 in January 1980 - a 24x explosion in very different conditions.In th...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
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Since its release in 2009, James Cameron's Avatar has held the all-time box office record for nearly a decade. With a budget of $300 million and an additional $150 million Continue...Read More
A summary of the company's first quarter results were provided in an iA Securities report.In a May 9, research note, iA Securities analyst George Topping reported that with a strong Q1/19, Franco-Nevada Corp. (FNV:TSX; FNV:NYSE) "continues to demonstrate that it can deliver even in a poor gold market."Topping highlighted that the company achieved a beat during Q1/19 with respect to gold equivalent...Read More
The company plans to start initial mapping and sampling programs in late May. Gooseberry ProjectAmerican Pacific Mining Corp. (USGD:CSE; USGDF:OTC) provided an update in a news release about its past-producing Gooseberry gold-silver project, a low sulphidation, epithermal vein system in Nevada's Ramsey Mining District.The company started compiling data on the project from the various historical s...Read More
The company's first-quarter results and its reaction to them are outlined in a ROTH Capital Partners report. In a May 6 research note, analyst Joe Reagor reported that ROTH Capital Partners lowered its target price on Endeavour Silver Corp. (EDR:TSX; EXK:NYSE; EJD:FSE) to US$2.90 per share from US$3 after adjusting its estimates following release of the company's Q1/19 financial results. Endeavou...Read More
With the necessary permit in hand, the company can continue exploring its 1,780-hectare project. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced in a news release it was granted a mineral exploration permit for its Wicheeda rare earth element (REE) project in British Columbia. The permit was issued by the province's Ministry of Energy, Mines and Petroleum Resources.The permit a...Read More
Traditional alchemist always desired to turn lead into gold. The modern ones want to increase government spending without any limits. We invite you to read our today’s article about the Modern Monetary Theory and find out what is it and what would mean for the gold market, if implemented.Great news for all who oppose the House of Lannister’s rule in King’s Landing – the fin...Read More
The Fed has just published the newest edition of its Financial Stability Report. It covers what the most powerful central bank in the world perceives as risks to the financial system stability. Is it time for the gold bulls to uncork champagne? Financial Sectors Appears Resilient, But…The Fed’s assessment of the financial vulnerabilities in the latest Financial Stability Report has li...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 185,801110,39073,060142,078238,437400,939421,887 Change from Prior Reporting Period 8,526-66616,755-5,2102,83720,07118,926 Traders 18070795460261185 Small Speculators LongShortOpen Interest 49,10028,152450,039 -431,10220,028 non reportable positionsChange...Read More
The US stock markets sure feel inflectiony, at a major juncture. After achieving new all-time record highs, sentiment was euphoric heading into this week. But those latest heights could be a massive triple top that formed over 15 months. Then heavy selling erupted in recent days as the US-China trade war suddenly went hostile. The big US stocks' just-reported Q1'19 fundamentals will help...Read More
By: Egon von GreyerzMy long standing target for gold of $10,000 in today's money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to $10,000, it won't be under the same circumstances that we saw in the 1970s. Gold then went from $35 in 1971 to $850 in January 1980 - a 24x explosion in very different conditions.In th...Read More
By Avi GilburtI am hoping that the title to this article will mark the local top to the rally off the December 2018 lows in Bitcoin. (smile) But, that does not change our perspective that it is likely that Bitcoin has resumed its bull market run.As we came into 2019, Ryan Wilday and I have been publishing articles about Bitcoin, with our ideal targets for the initial rally off its December 201...Read More