Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold's Cochrane Hill deposit. Three historical gold districts are within 5 kilom...Read More
Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold's Cochrane Hill deposit. Three historical gold districts are within 5 kilom...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 10 (Reuters) - Zinc touched a two-week low onWednesday on concerns that Chinese smelters will ramp up output,but prices were supported by a shortage of immediately availablematerial on the London Metal Exchange (LME).Benchmark zinc on the LME closed 0.4 percent up at$2,873 a tonne after slipping to $2,842, its lowest since March26.Deficits...Read More
It is the perceived value of the gold that drives its price.There is a "finite" amount of gold available at any given point in time.With a relatively static supply and growing demand, what are the main factors that drive the price of gold?By Scott Bauer At a Glance With more than 3,000 metric tons mined in 2018, gold prices are still moved by supply. How much depends on several other fac...Read More
Gold _ Silver Spot Gold shorts at 1301/03 stopped above 1305 to target 1308/09 then minor resistance at 1312/13. A break above 1314 is a buy signal initially targeting 1319/20.Good support at 1303/01 but below 1299 risks a slide to minor support at 1294/92. Important support at 1284/82. Longs need stops below 1279. Silver topped exactly at our selling opportunity at 1532/35 with stops above 1540....Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country's north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.Together with the high-grade find, over 1.5% copper equivalent, the company has also detected mineralization within the inferred resource area at t...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Mariya Gordeyeva | ReutersGold hit a near two-week high on Wednesday, supported by softer U.S. economic data and as the European Central Bank reinforced an accommodative monetary policy, with focus turning to the minutes from the U.S. Federal Reserve's March meeting.Spot gold was up 0.2 percent at $1,306.88 an ounce, its highest since March 28. U.S....Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled on fears of a U.S.-EU trade war and the IMF's prediction of continued slowing global economic growth. Apple (AAPL - Get Report) climbed after analysts at Wedbush raised the tech giant's price target to $225 from $215 and maintained their outperform rating on the stock. Walt Disney (DIS - Get...Read More
The Tuesday Market Minute Global stocks mixed as investors brace for a host of event risks later this week, including a key ECB meeting tomorrow in Frankfurt, Fed minutes from Washington and an EU leader's summit in Brussels.The IMF will issue its World Economic Update later today in Washington, with analysts expecting notable downgrades for global growth amid uncertainty on trade and rising geo...Read More
By: Jordan Roy-ByrneThere 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.Yhe yield curve and bonds can also be leading indicators.But there is one thing I've never ment...Read More
By: Richard (Rick) Mills Gold is often criticized by Wall Street as being kind of a useless investment. Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream - if it doesn't grow it doesn't compound. Gold is rejected as an investment because it doesn't produce sprouts, m...Read More
By: Dave Kranzler"They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in Oct 07. When warning signs are ignored, the endings are abrupt. Maintain safety nets, but don't assume stupidity has limits." - John HussmanBefore I saw that quote from Hussman on Twitter, I was contemplating how the trading patte...Read More
By: Michael Kosares (Grey vertical bars indicate recessions.)During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the chart above, please note the upward surges in the price of gold in the fi...Read More
PreambleOne of the reasons given for allocating a portion of one's investment assets to the precious metals sector such as physical gold is that gold can be considered as an insurance policy against the devaluation of paper money. On my office wall I have framed various bank notes from an 'inflationary' period of time which include the following:2,000,000 marks, Germany 1923100,000,000 Pengos, H...Read More
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
By: Michael GolembeskyA Tale of Two QuartersAfter a wild and volatile final quarter in 2018 volatility instruments across the board have seen their levels continue to decline into the end of the first quarter in 2019.VXXB has witnessed a decline of over 45% since the highs that were struck in December and into the most recent lows. This 45% move has not come in a straight line as we have seen...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
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Unemployment is down & the stock market is up. Is the U.S. economy strong, as Donald Trump says? David Stockman, Ronald Reagan's budget director, joins Robert & Kim with his analysis of the good & bad of Trump's economic policies.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Book...Read More