Global stocks attempted to rebound from the recent global rout Wednesday, with modest gains in Asia and improving futures in Europe, but traders remained on edge amid high volatility and climbing bonds yields that could keep markets difficult to predict in the days ahead. Wall Street futures suggest big declines at the start of trading, with contracts tied to the Dow Jones Industrial Averag...Read More
I'm not so sure investors are prepared for an actual market pullback. It was nearing the end of January and the Dow had just broken above 26,000 for the first time ever. But the stock market turned lower after hitting new all-time highs and finished the day in the red.As far as reversals go, it was a tame one. Stocks even opened higher the very next day. But we could sense some mild panic beginnin...Read More
Dear Reader,“Volmageddon”+2.Stocks mounted a heroic charge yesterday… like cavalry answering the bugle at a desperate moment.The bears threw down their arms... and took to their heels.The Dow regained 567 points when the smoke cleared yesterday afternoon.The major averages opened higher again this morning… before the bears counterattacked later in the day.The Dow, the S&...Read More
The last few trading days have given investors quite a ride.It's no secret Friday-to-Monday's sell-off scarred many retail investors out of the market. As share values dipped across every sector, biotech investors felt the pain too.It all started last Friday. Market reaction to rumors of the Federal Reserve's planned rate hikes kicked off a frenzy of selling.For two days we were harshly reminded w...Read More
1,597.08That’s how far the Dow Jones Industrial Average fell on Monday before rebounding a bit into the close.Investors freaked out - even the professionals!Just for a little comedic relief, I flipped on CNBC in my office to see how the talking heads were handling the crisis. And true to form, most of them were yelling questions at each other with very few answers for investors.Yes, the Dow&...Read More
Showrooms in Shenzhen busy, wholesalers see clients returningWorld's biggest jeweler expects sales to keep expanding in '18An employee arranges gold bracelets at a Chow Tai Fook store in Shanghai.Photographer: Qilai Shen/BloombergChina’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuat...Read More
Precious FewGold Wins, Bitcoin LosesSo much for the digital currency providing negative beta.By David Fickling@davidficklingMore stories by David FicklingRead More
Investing.com - Gold prices edged higher on Wednesday, bouncing off the prior session's three-week low as focus remained on U.S. stocks, which were the source of the latest turbulence in global markets.Comex gold futures were at $1,333.00 a troy ounce by 3:10AM ET (0810GMT). That was up around $3.00, or 0.25%, from their last settlement. Prices touched their lowest since Jan. 12 at $1,322.80 in th...Read More
CloseGain/LossGold $1317.20+$1.90Silver$16.38+$0.05XAU79.86-0.85%HUI178.39-0.81%GDM606.47-0.63%JSE Gold1142.47-32.32USD90.33-0.02Euro122.47-0.24Yen91.95+0.57Oil$61.15-$0.6410-Year2.829%-0.012T-Bond144.25-0.375Dow23860.46-4.15%Nasdaq6777.16-3.90%S&P2581.00-3.75% The Metals: Gold dropped $8 to $1307.30 in London before it bounced back to $1316.90 at about 9:30AM EST and then fell back to $13...Read More
By Ira EpsteinBreak in stock indices supports gold.https://www.iraepstein.com/ Read More
"This has never happened before. This is completely unprecedented."Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial...Read More
By Cecilia Jamasmie Processing facilities, which have the capacity to handle 5,000 tonnes of ore daily over five years. (Image courtesy of Northern Vertex Mining.) Shares in Canada's Northern Vertex Mining (TSX-V: NEE) were up Wednesday after the miner said is closer than ever to pour first gold at its Moss mine, in northwestern Arizona.The Vancouver-based company said that roughly 7,800 tonnes...Read More
"Nothing is going to stop rates from rising."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 J...Read More
TSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt : XC01VANCOUVER , Feb. 8, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) is pleased to report soluble copper results for diamond drill holes DCH-001 through DCH-040 which were completed as part of the 2017 drill program on the Adriana Zone ("Adriana") and the Katty Zone ("Katty") at its Los Chapitos Project ("...Read More
Eric Griffin takes your top questions to ITM Trading's Chief Market Analyst Lynette Zang.Question 1. Multi-Tiered Investor: As I have, and plan on buying more gold and holding it for wealth preservation, for a very long time why would I today buy 2018 Gold eagles at a higher premium than random year eagles. What do I get for the higher premium?Question 2. Joost: Why did gold/silver go down big tim...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
By RambusBefore we look at tonight's chart I would like to reiterate once more that we have traded one of the best bull markets runs in history. There was hardly a time over the last year or so that the stock markets were down more than 2 or 3 days in a row. It seemed like everyday I would log on to Stock Charts in the morning the SPX would always be up 3 to 5 points. It was just a steady move h...Read More
In today's Special Crypto Audioblog, Andy Hoffman, for 15 years one of the global Precious Metal community's leading commentators, announces why he followed his decision this summer to sell his silver (and leave the bullion business to start CryptoGoldCentral.com), by selling the remainder of his gold today.Andrew ("Andy") Hoffman owns a subscription-based website, CryptoGoldCentral.com, which off...Read More
By Rory HallThe other thing with gold, which is what I've said for many times, China and Russia have infinitely more gold than people realize. Russia has around 40,000 tons of gold, China is not quiet as much but is not far behind. That's the reality. They've been building enormous gold reserves for years. Why? Because they are building for a future.If people think that gold and silver have no r...Read More