Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
* Euro rises as yields drag down dollar* Central banker speeches keep markets edgy* Traders brace for German, Italian political developments* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 26 (Reuters) - The euro gained on Monday as a fall in U.S. Treasury yields dragged down the dollar, but trading was relatively quiet ahead of speeches by central bankers and political developments in...Read More
* Equity markets calm ahead of Fed chief's testimony* Sterling gains on hawkish BoE deputy governor, Corbyn* Chinese stocks rally as Xi set to stay in power* Graphic: World FX rates in 2017 * For a live blog on European stocks, type LIVE/ in an Eikon news window By Alasdair PalLONDON, Feb 26 (Reuters) - Global stocks notched further gains on Monday and the dollar stayed on the back foot, as inves...Read More
Despite stocks scoring their best week in over a year last week, active money managers once again reduced their exposure to the stock market. In fact, the National Association of Active Investment Managers (NAAIM) exposure index fell to its lowest reading since the week prior to the November 2016 election, and has dropped roughly 34% since Jan. 24. However, previous such sharp reductions in equity...Read More
The demand for gold in the United States exceeded the supply in 2017.Gold does not react to the law of supply and demand as we would expect due to the overwhelming presence of the futures market.The United States is expected to run enormous deficits for as far as the eye can see which could lead to inflation in a rising interest rate environment.Gold is a hedge against inflation due to the fact th...Read More
COLOMBO, Feb 26 (Reuters) - The Sri Lankan rupee ended firmer on Monday as exporters and banks sold dollars on fears of an appreciation in the local currency amid expectations of equity and capital inflows, dealers said.The rupee ended at 154.85/95 per dollar, compared with Friday's close of 155.15/20. The rupee hit a record low of 155.90 on Feb. 14."There were conversions today, on expectati...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE DRILLS 123.93 METERS OF 1.41 G/T GOLD AT THE DAISY DEPOSIT, STERLING GOLD PROJECT, NYE COUNTY, NEVADANorthern Empire Resources Corp. has released drill results from the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.STERLING DRILL RESULTSHole IDFrom (m) To (m)Length (m)Au (g/t)D18-003C 67.88 191.81123.931.41Including 134.97...Read More
Courtesy GoldinAmerica.comUpdate: 736 am. System advises trailing stop loss up to point of entry. Target not hit in 3 bars warns of failed momentum higher. Update 9:50- signal negated. Target not attained. Instructions in this post would have given a scratch trade. We move on to other markets that present signals. Though not backtested; a reversal lower is on the table now as the system pre...Read More
Gold Pukeage Foretoldvia GoldinAmerica.comIn deference to the title here; Gold ran out of buyers, there was blood in the water, Monday's failed rally was the final straw, and Commercials rightly their foot on its neck. Did you expect anything different? What is different is we have the play by play giving the alerts to the break higher, the failure, and the reversal; All captured using a system...Read More
Australia's largest gold producer, Newcrest Mining Ltd., will invest $250 million for a stake in Lundin Gold Inc. to boost its presence in Ecuador, which is attracting a slate of mining giants hunting for major untapped metals deposits.Newcrest will take 27.1 percent of Vancouver-based Lundin Gold, which expects to bring the Fruta del Norte gold and silver mine in southeastern Ecuador into product...Read More
CloseGain/LossGold $1333.20+$3.90Silver$16.63+$0.11XAU81.27+0.92%HUI178.10+0.79%GDM620.15+0.70%JSE Gold1104.42+14.83USD89.85-0.07Euro123.20+0.21Yen93.64-0.13Oil$63.91+$0.3610-Year2.863%-0.004T-Bond144.125+0.0625Dow25709.27+1.58%Nasdaq7421.46+1.15%S&P2779.60+1.18% The Metals: Gold gained $11.50 to $1340.80 in Asia before it fell back to $1330.20 by midday in New York, but it then bounced ba...Read More
COLORADO SPRINGS, CO, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for February 2018 payable on March 23, 2018 to shareholders of record as of March 12, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Me...Read More
The previous week was quite rich in important events. Silver rallied significantly on Wednesday and mining stocks underperformed significantly on Thursday. Gold declined significantly after moving to the previous high, but without a breakdown to new 2018 lows the situation remains tense, especially that the USD Index is fighting to break above an important support / resistance line. These signal...Read More
"The Tooth Fairy is going to save us all."Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career...Read More
By Dave KranzlerThe pension crisis is inching closer by the day. @CalPERS just voted to increase the amount cities must pay to the agency. Cities point to possible insolvency if payments keep rising but CalPERS is near insolvency itself. It may be reform or bailout soon. - Steve Westly, former California controller and CalPERS board member.1.5 MILLION RETIREES AWAIT CONGRESSIONAL FIX FOR A PENSI...Read More
As expected, the Fed has announced that it's going to be more lenient towards the inflation rate. We're not too surprised about this turn of affairs. In fact, we've been expecting it for some time. That means a slow down in rate hikes and probably a weakening dollar and lower rates than the market has been anticipating. But that's how the system works.And finally, China is abolishing term limits f...Read More
By Clint SiegnerBullion investors buy gold and silver as a matter of self-reliance. Physical metals aren't dependent upon the promises of financial institutions, governments, or other third parties.This lack of counterparty risk makes precious metals quite different from most conventional assets. There is no possibility of a default or mismanagement which renders them worthless. That is a lot mo...Read More
The most common question Mike has received lately is 'When will silver finally take off?'. In this video Mike is joined by David Morgan to give their best attempts at predicting when the metals markets might start seeing performance akin to cryptocurrencies of late.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader i...Read More
Source: Jack Chan for Streetwise Reports 02/26/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 0.11 percent as hedge funds boosted their net bullish in the metal. Gold traders are split between bullish and bearish on the yellow metal after the U.S. dollar rose this week. In the prior week traders were bullish and positive sentiment sent $529 million into the VanEck Gold Miners ETF.?...Read More