By: Stewart Thomson 1. Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks. 2. Please click here now. I'm invested in China through ETFs, bank stocks, and... gold!3. With the possible exception of HSBC, most analysts in the West appear to be underestimating the resilience of a billion Chinese citizens working...Read More
As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding political tradition, is kicking fallen bankers in the nuts. It doesn't hurt that in the eyes of the Democrats and America's flourishing grievance industry, many of the perps happen to be privileged white men. Wells Fargo's bankers in particular have been...Read More
By: Ira EpsteinGold neutral, the battle ground around current levels..Read More
Gold prices hit a 2-week peak on Wednesday at 1309 as the European Central Bank reinforced accommodative monetary policy. The focus now turns to the minutes from the U.S. Federal Reserve's March meeting due at 19:00 BST. Where are gold prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions: ...Read More
The March FOMC meeting minutes were released this afternoonThe U.S. stock market closed higher, as investors digested the Federal Open Market Committee's (FOMC) March meeting minutes, released mid-afternoon, which showed the central bank supports no rate changes this year. This forecast -- down from the two rate hikes projected in December -- is a reaction to concerns over a slowing global economy...Read More
The president and CEO of Vancouver-based Mountainstar Gold has been slapped with a C$150,000 penalty by the British Columbia Securities Commission (BCSC) for making "false or misleading statements" regarding the Pascua Lama gold deposit in Chile.The panel also permanently prohibited any trading in or purchasing of securities of Mountainstar, previously Mountain-West Resources Inc. In addition to...Read More
ToledoTrade is offering Schaeffer's VIPs a special introductory offer. The following is a paid advertisement. ToledoTrade may compensate Schaeffer's for referring prospects over to ToledoTrade.Starting today, a special offer with the recently launched online brokerage service, ToledoTrade, is giving Schaeffer's VIPs a special offer, including trades from $1 until 2020... or even at cost!1Why...Read More
Most analysts are skeptical of SNAPThe U.S. stock market is mixed following the release of the Fed's March meeting minutes. A number of individual stocks are making notable moves, including Snapchat parent Snap Inc (NYSE:SNAP), neurotechnology name Helius Medical Technologies Inc (NASDAQ:HSDT), and Chinese internet concern Baidu Inc (NASDAQ:BIDU). Here's a quick look at what's moving the shares of...Read More
Gold climbed on Wednesday as concerns over an economic slowdown helped prices tally a fourth straight session gain. "With overall [economic] risks tilted to the downside, the gloomy outlook has sparked immediate responses in safe haven assets, with gold finding comfort above the $1,300 mark," wrote Lukman Otunuga, research analyst at FXTM, in a Wednesday research note. The European Central Bank on...Read More
Gold climbed on Wednesday as concerns over an economic slowdown helped prices tally a fourth straight session gain. "With overall [economic] risks tilted to the downside, the gloomy outlook has sparked immediate responses in safe haven assets, with gold finding comfort above the $1,300 mark," wrote Lukman Otunuga, research analyst at FXTM, in a Wednesday research note. The European Central Bank on...Read More
Levi's March 21 IPO priced at $17Levi Strauss & Co. (NYSE:LEVI) stock is up 5.9% to trade at $23.20 today, after the apparel maker's first quarterly report as a public company raised eyebrows on Wall Street. Both first-quarter earnings and revenue exceeded analyst expectations, while its fiscal 2019 outlook also beat estimates. In response to the blowout report, options bulls have taken a greater...Read More
Para Resources (TSXV: PBR) will drill an initial five holes totaling 3,750 feet in conjunction with a geophysical program at its Tr-Ue gold vein near Oatman, Arizona, and 1.5 miles from the company's Gold Road mill and mine.The program will begin in May 2019 and explore around the historic United Western and United Eastern gold mines.United Western operated between 1928 and 1940, producing 40,000...Read More
Both names are trading near historically bullish trendlinesThe shares of Florida-based freight concern CSX Corporation (NASDAQ:CSX) have flexed some technical muscle since bouncing from $59 in late December -- a level that coincides with a bull gap from last April -- and has since added 28%, to trade at $74.83. And while CSX stock pulled back after its April 2 all-time peak of $77.15, a historical...Read More
There are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times.The yield curve and bonds can also be leading indicators.But there is one thing I've never mentioned, nor written abo...Read More
Put options are popular again todayBanking giant Citigroup Inc (NYSE:C) is down 0.4% today, trading at $64.92. As the big bank gets set to follow its sector peers into the earnings confessional early next week, Citigroup stock is flashing a bearish alarm on the charts. Since bottoming at $48.42 on Dec. 26, Citigroup stock has fought back to add 34%. However, 2019 gains have been contained by the...Read More
The FOMC meeting minutes will be released later todayThe Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today, but was last seen lower, as traders await the Fed's March meeting minutes. The S&P 500 Index (SPX) and Nasdaq Composite(IXIC), on the other hand, are both in the black at midday, as investors cheer strong first-quarter earnings and guidance from Delta Air Line...Read More
Barrick Gold Corp. could find itself partially liable for $600 million in additional debt, if some Newmont Mining Corp. bondholders have their way.The creditors are trying to block an amendment Newmont is seeking for a large tranche of notes associated with its operations in Nevada, according to people with knowledge of the matter. The change would prevent liability for those bonds from shifting t...Read More
The shares are approaching a historically bearish trendlineThe shares of homebuilder KB Home (NYSE:KBH) are higher today, thanks to some upbeat analyst attention. Specifically, J.P. Morgan Securities upgraded KBH to "neutral" from "underperform," and lifted its price target on the stock to $23 from $20.50, citing "a more stable demand backdrop following the continued decline of rates." However, KB...Read More
McEwen Mining reported its first quarter results on April 9, along with the news that it is considering the sale of its Mexican assets. The net proceeds would be used to advance other development projects and retire a portion of the company's debt.The El Gallo heap leach complex in Sinaloa state produced 5,413 oz. of gold in Q1 2019. Gold is recovered from residual leaching of the heap. The proces...Read More
Gold's safety demand has revived thanks to latest economic fears.IMF global growth forecast, China demand are boosting gold price.Gold is inches away from a renewed immediate-term breakout signal. Just when it appeared that gold's 7-month recovery was dead, the yellow metal has roared back to life. A failed attempt by the bears at raiding the market has given way to a renewed rally attempt as...Read More