By: Ross NormanIf, as they say, it is darkest just before the dawn, then surely for gold at least, the sun must be cresting the horizon now ?After seven disappointing years - in US dollars at least - it is hard to shake off some scepticism. That said, gold is showing vigour in no less than 72 currencies where it is at or close to an all-time high - see hereLooking ahead - it is our view that go...Read More
Washington, DC (February 5, 2019) - A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writ...Read More
By: Ira EpsteinMetals very mixed going into the State of the Union address:Read More
Some of you already know about my charity work with Out Of The Heat / Out Of The Cold Program in Kitchener-Waterloo, Ontario. The Program provides a weekly meal for the homeless and a haven of compassion and sense of community for people who for a variety of reasons have found themselves without a regular meal and a roof over their heads.It developed naturally. In my younger years, I was focus...Read More
I’ve got an urgent announcement for you today.One that will help you claim your fair share of a $940 billion pile of cash scheduled to be paid to Americans.No, this has nothing to do with Trump’s State of the Union Address last night.In fact, this cash isn’t tied to Washington at all! (Except for the fact that much of this cash was freed up because of legislation passed in late 2...Read More
"A lot of people who are having mental health issues will often post on their social media pages that they're about to hurt themselves or others," Continue...Read More
The president appeared before the American people last night.Markets waited for good news - or bad news - to come issuing from his mouth.Would he announce a pending China trade deal?Conversely, would he threaten another shutdown if Congress won't fund the wall... or announce a state of emergency?Markets could swing in either direction, depending.But nothing sensational was forthcoming…No c...Read More
The race for marijuana profits is on... and one up-and-comer is taking the "Buffett" approach to profits.The race for marijuana profits is on. Marijuana presents one of the most lucrative investing opportunities of the modern age - millionaires have been made many times over, and by finding the right stock at the right time, it's still possible for investors to cash in on these "first wave" profit...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- 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 published the first report on Friday, February 1, 2019. After th...Read More
Nymex Crude oil rose twenty percent in January (till 1st February close). The pace of rise for crude oil will be crucial for global economy. Part of the rise is attributed to short covering. If crude oil rises quickly due to Venezuela, then chances of global economy moving into recession will be very high. Global economy has not yet fully recovered from energy shocks of last year. USA and Russ...Read More
Gold is valuable in uncertain times because it is scarce and cannot be manipulated like paper currency.GraniteShares Gold Trust, a relatively new gold ETF, offers investors a low cost way to own gold.Recent increases in this ETF's assets under management should address concerns that many investors have had concerning the liquidity of this ETF.Recent Fed dovishness bodes well for gold.Gold make...Read More
Stocks extended their hot streak ahead of Trump's speech tonightThe Dow posted another solid session today thanks to a strong showing from Boeing (BA) and tech stocks. It was a similar showing from the Nasdaq and S&P 500 Index, as Wall Street digested a busy day of earnings. Going forward, stocks will try to keep their hot streak going in the aftermath of tonight's State of the Union speech, with...Read More
Last year was disappointing, but the Silver Institute is predicting a "more supportive" climate for silver this year. Sales of the US Mint's American Eagle coins rose 12% in January 2019, compared to the same month a year earlier. Silver should also benefit as the U.S. Federal Reserve is expected to ease off interest rate hikes.The demand for physical silver investment should grow by 5%.On the dem...Read More
South Africa-based Gold Fields has announced plans to build one of the world's largest solar power and battery facilities at its Granny Smith gold mine 400 km northeast of Kalgoorlie. The system will be powered by more than 20,000 solar panels. Backup will be provided by a 2 MWh/1 MWh battery system.Gold Fields has contracted Aggreko, a mobile and modular power company, to design, build and operat...Read More
Over the last four years, Pure Gold Mining (TSXV: PGM) has doubled the indicated resource for its Madsen gold project in Red Lake, Ontario-one of the highest grade undeveloped gold deposits in the world."We think the build would be fairly short so sometime in 2020 you could conceivably see the mill turning"The company released an updated resource estimate today that sees Madsen's indicated resourc...Read More
Construction of the Gold Bar mine near Eureka, Nevada is on time and on budget. Owner McEwen Mining of Toronto says the first gold pour will happen this month, and the $81.4 million budget has not increased. Commercial production is expected by the end of Q1 2019.McEwen has placed about 136,000 tonnes of ore on the leach pad, and anticipates producing 55,000 oz. of gold this year at an all-in cost...Read More
Corcept Therapeutics issued a white paper to refute "offensive nonsense" from shorts Corcept Therapeutics Incorporated (NASDAQ:CORT) has had a roller-coaster day. The drugmaker started the day off touching new lows, after Blue Orca Capital disclosed its short position on the stock, echoing last week's scathing report from the Southern Investigative Reporting Foundation (SIRF). However, CORT pivote...Read More
Gold traders and investors should be worried - gold-market timers have become extremely bullish. Gold timers on balance are more bullish today than on more than 96% of the trading days since 2000. That doesn't bode well from a contrarian perspective. To be sure, contrarian analysts were worried about gold several weeks ago, the last time I devoted a column to gold market sentiment. Yet gold bullio...Read More
Canada-listed junior miner Thor Explorations (TSX-V:THX) is getting ready to begin construction at its Segilola project in Nigeria, poised to become the country's first large-scale gold mine.Delivering the results of an independent definitive feasibility study (DFS) for the proposed gold operation, Thor said it planned to build an open pit mine as well as a new 625,000 tonnes per annum processing...Read More
Meanwhile, BOX stock is bouncing on a new "buy" endorsementU.S. stocks are higher today, as traders gear up for the State of the Union address tonight. Meanwhile, three names making sharp moves today are cloud concern Box Inc (NYSE:BOX), telecom issue CenturyLink, Inc. (NYSE:CTL), and poultry producer Tyson Foods, Inc. (NYSE:TSN). Here's what's moving shares of BOX, CTL, and TSN today. Analyst: Bu...Read More