* Measure of implied volatility at highest since lastSeptember * Central bank tweaks help reverse last week's steep losses * Expected rate cut might be delayed - traders (Updates prices)By Nevzat Devranoglu and Orhan CoskunANKARA, March 26 (Reuters) - The Turkish lira firmed againon Tuesday in volatile trade, as a series of "back door" actionsby the central bank succeeded in erasing most...Read More
Dual-listed Galantas Gold (TSX, LON:GAL) is expanding capacity of the processing plant at its Omagh mine in Northern Ireland, with the goal of producing 2,000-2,5000 ounces of concentrate per month in the 2020-21 financial year.The company, which is already running an extended dayshift, plans to add a second milling shift late in the June quarter. More shifts will be added in the September quarter...Read More
Analysts at Morgan Stanley offer their outlook on Gold, noting that they have turned more neutral on the yellow metal. Key Quotes: “Turned 'more neutral' on gold, citing the Fed's policy baked in. Now bullish on silver on an expected recovery in industrial demand later in 2019. Gold prices seen at USD 1290/oz in Q2 2019, 1300 in Q3 and 1350 in Q4. Further reason cited: The b...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Edgar Su | ReutersGold retreated on Tuesday from more than three-week highs in the previous session after the dollar rebounded and risk appetite and bond yields recovered as fears eased about a possible U.S. recession.Spot gold was down 0.36 percent at $1,316.99 per ounce as of 2:30 p.m. EST, after hitting its highest since Feb. 28 at $1,324.33 on M...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Monday in cautious trading as global growth concerns continued to weigh on Wall Street. Shares of Biogen (BIIB) rose 1.6% after its board approved a $5 billion share repurchase program. Viacom Inc. (VIAB) surged 3.9% after reaching a deal to renew its distribution contra...Read More
Jack ChanPosted Mar 25, 2019Gold sector as represented by $HUI is on a long-term sell signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.COT data on silver is also supportive f...Read More
The Monday Market Minute US stocks steady as stronger-than-expected reading of German business sentiment takes sting from yield curve inversion following heavy selling overnight in Asia.U.S. Treasury curve slopes positive between 3-month bills and 10-year notes, after tipping into inversion for the first time since 2007 last week, as Chicago Fed President Evans plays down the chances of near-ter...Read More
Investing.com - Gold prices gained on Monday in Asia as recession fear sparked safe-haven demand.Gold futures traded up 0.3% at $1322.05 on the Comex division of the New York Mercantile Exchange by 1:25 AM ET (05:25 GMT). The precious metal last week posted its third consecutive weekly gain and rose 1%, the most since early February.On Friday, the spread between 3-month Treasury bills and 10-year...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 26, 2019 Please click here now.Double-click to enlarge this long-term gold chart.Fundamental and technical analysis are both strongly supporting gold’s rally towards the key $1400 area.Having said that, COMEX price action mainly reflects action in the physical market and this i...Read More
By: Dave KranzlerThe news headlines explained the sudden jump in the S&P futures this morning by stating that "recession fears had faded." Just like that. Overnight. I guess the fact that the housing starts report showed a 9% sequential drop in housing starts last month and and a year-over-year 10% plunge means that the housing market is no longer considered part of the economy.That report...Read More
By: DAVID Chapman "Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state." Carl Menger, economist, founder of the Austrian School of Economics, 1...Read More
Stocks erased their weekly gains and bond yields fell on Friday as investors reacted to a number of economic developments. Chief among them were a Treasury yield curve inversion, the first since before the financial crisis, and continued slowdown in the pace of U.S. manufacturing expansion.I had my eye on several other market-moving news items, some of which I share with you below. 1....Read More
COLORADO SPRINGS, Colorado, March 26, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today its Nevada Mining Unit's exploration plans include targeted expansion of the Isabella Pearl (IP) open pit deposit by testing the adjacent Civit Cat North. Additional nearby targets with open pit potential include "Scarlet", where numerous high-grade...Read More
By: Avi GilburtBack in the 1940's, Ralph Nelson Elliott once noted:At best, news is the tardy recognition of forces that have already been at work for some time and is startling only to those unaware of the trend.So, rather than be startled by the news of the past week, I have been trying to warn anyone who was willing to listen that if you want to know what the Fed is going to do, simply read t...Read More
By: IRA EPSTEINGold pushing top of the Bollinger band resistance. Higher lows and higher highs, gold overbought but benefiting from...Read More
Buy Gold, Sell Stocks Is the Trade of Century is our latest weekly perspective. Watch this video on Buy Gold, Sell Stocks Is the Trade of CenturyThe "trade of the century" is to buy gold and sell stocks as risk assets are due for another meltdown.It's only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million...Read More
Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance of a...Read More
By: Clint SiegnerBoeing and the Federal Aviation Administration worked closely together to hustle a new passenger jet through the safety certification process. The combined efforts to save time and cost, coupled with little sense of accountability, resulted in a tragic safety flaw.Now hundreds of passengers are dead, albeit in other countries. The public is finding the enormous trust placed in t...Read More
Fed "policy," such as it is, went all silly Monday when a little-known spokesman for the central bank said he expects one more rate hike in 2019 and perhaps another in 2020. Didn't Chairman Powell just finish saying that there would be no tightening this year? And weren't we reading the other day that the yield curve had inverted, raising the risk of a U.S./global recession? In any event, a Ph...Read More
We don't usually discuss politics on the show, after all this is a family publication. However, Trump's exoneration has led to an interesting state of affairs with potentially wide reaching market effects. Now that he's unshackled, Trump is free to pursue his agenda with little or no distraction. While the Dems control the House, they seem to be having a major meltdown. The far left never cared ab...Read More