There are many commonly adopted and propagated market fallacies.Central bank buying or selling does not necessarily mean what many believe.I would be watching NEM more than central banks right now.Note: This was originally published on February 16th for subscribers to The Market Pinball Wizard: There is an old Yiddish expression called a bubbe meise (pronounced my-seh). I guess the closest English...Read More
The new President and CEO of Barrick Gold (NYSE:GOLD)(TSX:ABX), Mark Bristow, said the company wants to strengthen its partnership with the government and local communities of Papua New Guinea where the Porgera gold deposit is located.Barrick and Zijin Mining Group each own a 47.5% interest in the Porgera Joint Venture, while Mineral Resources Enga owns the remaining 5% interest. At present, the f...Read More
• A modest USD uptick exerts some fresh downward pressure on Tuesday. • US-China trade optimism further adds to the selling bias/corrective slide. • Focus remains on the next round of US-China trade talks/FOMC minutes. Gold prices edged lower through the Asian session on Tuesday and eroded a major part of the previous ses...Read More
* FTSE 100 down 0.6 pct * FTSE 250 down 0.3 pct * HSBC drags on main index as earnings disappoint * Baker Greggs jumps to life high * Plus500 falls for 7th straight day * Indivior slips on U.S. Supreme Court ruling (Adds news items, updates to closing prices)By Shashwat Awasthi and Muvija MFeb 19 (Reuters) - Britain's main index fell on Tuesday,weighed down by disappointing results from blue-chip...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has turned up the heat in a boardroom battle that seeks to replace the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, released an investor presentation on Tuesday, detailing what it sees as the path forward for the miner. The...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More
In an environment that should be great for safe haven assets, gold has spiked to around $1,350 four times, only to be smacked back down each time.It's obvious that the forces now at work in the world will eventually send terrified capital pouring into sound money like gold and silver.From a technical standpoint, piercing $1,350 resistance should trigger a big, fast move to the next resistance...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Palladium scaled a record peak to within striking distance of the $1,500 level on Tuesday fuelled by a sharp supply deficit, while bullion rose 1 percent to hit a 10-month high on a weaker dollar and global growth jitters.Sp...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 19, 2019As US markets re-open after the holiday, the world’s “queen of assets” continues her glorious ascent to higher prices.Please click here now. Double-click to enlarge this magnificent short term gold chart.The rise above $1332 ushers in my new short-term target:...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
StrengthsThe best performing metal this week was palladium, up 2.05 percent on a strong market outlook. Gold traders and analysts were split between bullish and bearish this week as gold struggles to get back up to highs seen in January, according to the weekly Bloomberg survey. However, the yellow metal remarkably gained this week even as both the U.S. dollar and equities rose on the news that...Read More
By: Stewart Thomson, Graceland Updates: 1. As US markets re-open after the holiday, the world's "queen of assets" continues her glorious ascent to higher prices. Please click here now. Double-click to enlarge this magnificent short term gold chart.2. The rise above $1332 ushers in my new short-term target: $1355!3. Please click here now. Gold is well on its way to be...Read More
By: Daniel R. Amerman, CFAThe Federal Reserve is currently communicating to the markets that it will likely pivot, and pause two strategies. The first pivot is to stop increasing interest rates. The second pivot is to stop unwinding the Fed balance sheet.While the interest rate pause is getting the most attention - the balance sheet pause could be the most important one for investors over the co...Read More
By: Captain Ewave GOLD: Short Term Update: Gold reached a low of 1305.30 this past week, but by the end of week we had moved higher to close in the 1324.80 area. We also had a key weekly reversal higher which is bullish and suggests higher prices are coming in the short term! We updated our count this week to a more bullish count that is suggesting that all of wave ?iii? of !iii! ended at...Read More
By: Jordan Roy-Byrne CMT, MFTARoughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years....Read More
By: David HaggithBears, like myself, picked the meat off market bulls throughout 2018. We scoffed at the start of the year when bulls concocted a narrative that said bears would starve because 2018 was going to be the year of "global synchronize growth." We bears bawled that this was euphoric nonsense.Global economies fell off a cliff as soon as the bulls' narrative took hold, and all economies...Read More
So much for the wall of worry! Bulls have improbably shrugged off steep downturns in the housing and auto sectors, rising interest rates, a costly tariff war with China, the pernicious rise of socialism on Capitol Hill, the economic implosion of China and Germany, a strong dollar that has sapped the earning of U.S. multinationals; and, most recently, evidence that retail sales nosedived during t...Read More
China has been increasing gold reserves as a buffer to blackmail by USA and its allies on the global trade war front. Yesterday someone posted on Twitter that bank of England does not reveal the audit of gold reserves. There is no accountability of the Australian gold reserves held with the bank of England. My view is that Bank of England or the Federal Reserve will not give back the reserves...Read More
TOPICS IN THIS INTERVIEW:01:25 Have we reached the final phase of the economic cycle?08:05 Economically, China is the United States in the 1960s13:35 Hedging against currency devaluation before its too late18:05 Preserving wealth is critical for the youngest investors19:45 A growing acceptance of the Cannabis sector's recreational use cases24:35 Cryptocurrencies, crypto-commodities and Crypto-stoc...Read More
CNN, Facebook and U.S. funded German Marshall are working together to selectively censor pages on Facebook. The latest, 3 pages which get funding from Russian government but have not broken any Facebook rules.Read More