The company maintained an ambitious level of capital expenditures in 2017.Strong leverage metrics support capital.The company delivers consistent production and reducing cost at South Deep mine project. Investment Thesis Headquartered in Johannesburg, South Africa, Gold Fields Ltd (NYSE:GFI) holds gold reserves in Ghana, Australia, South Africa and Peru. It is also engaged in other related activit...Read More
Spot bullion gains for 8th day to the highest since SeptemberPrecious metal advanced in 2017 even as Fed hiked three timesGolden Cross for Gold a Bullish Sign, Says StreibleGold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Bullion for immediate delivery advanced 0.9 percent to...Read More
The S&P 500 delivered returns just shy of 20% in 2017.The Nasdaq gained more than 28%, with household name tech stocks like Facebook, Netflix, and Amazon leading the way higher. Each of these plays boasts 2017 gains of more than 50%.But the cryptocurrency space tops them all. Bitcoin launched to ridiculous 12-month gains of more than 1,300% - even after retreating more than $5,000 from its Dec...Read More
Happy New Year!It's time to welcome in a brand new trading season. As a 25-year trading floor veteran I know what that means...Everyone, and I mean EVERYONE always wants to know what I'm hearing on the floor. People want to know the must-have stocks for 2018...and the must-follow sectors.So I'll cut to the chase and spill the beans right here. Consider this your 2018 "insiders" trade briefing...If...Read More
Dear Reader,An out-of-town visitor, ears a-perk and eyes a-pop, signs onto a bus tour of New York City…The tour concludes at the downtown waterfront, just down the holler from the Financial District.The nautical estates of the 1% bob in the easy swells off Lower Manhattan.“Here are the yachts of our bankers and stockbrokers,” gloats the tour guide, beaming with local pride.Then c...Read More
Happy New Year!Time to welcome in a brand new trading season!As a 25-year trading floor veteran I know what that means...Everyone... and I mean EVERYONE always wants to know what I'm hearing on the floor. People want to know the must-have stocks for 2018...and the must-follow sectors.So I'll cut to the chase and spill the beans right here. Consider this your 2018 "insiders" trade briefing...If we...Read More
Happy New Year!Today is the first time in 2018 that the stock market is open and here are the 5 most important things you need to know to start your year off right.Marijuana Goes Mainstream – On Monday, January 1st, a California law allowing the broad use of recreational marijuana officially went into effect. As of yesterday, anyone 21 and older can now purchase marijuana at licensed retaile...Read More
Jan 03, 2018 Guest(s): Scott Gamm TheStreet.com Year 2017 saw the S&P 500 gain nearly 20%, the best performance since 2013, and some strategists expect the New Year to yield further growth in the broad equity markets. Kitco News' Daniela Cambone is joined by The Street's Scott Gamm to discuss bank analysts' expectations for U.S. stock markets in 2018. "Bank of America Merrill Lynch, J.P. Mor...Read More
CloseGain/LossGold $1314.90-$3.30Silver$17.14-$0.03XAU87.08-1.19%HUI197.35-0.63%GDM660.98-0.75%JSE Gold1338.73+21.37USD92.18+0.32Euro120.12-0.53Yen88.97-0.15Oil$61.63+$1.2610-Year2.440%-0.018T-Bond152.28125+0.53125Dow24922.68+0.40%Nasdaq7065.53+0.84%S&P2713.06+0.64% The Metals: Gold dropped $6.40 to $1311.80 in Asia before it rallied to $1317.80 in London and then fell back to a new sessio...Read More
Gold moved visibly higher during the first session of the year and this time mining stocks accompanied it. In fact, it seems that they are back on the track after a short pause. What's the likely reason behind this year's rally and what does it imply going forward?Let's jump right into the mining stock charts (chart courtesy of http://stockcharts.com). Gold stocks indeed broke above the rising...Read More
By Rory HallIf one is interested in picking up some numismatic coins that have the potential to carry some heavy premiums in the years to come 2017 could be one the years to add to your stack. Not all coins produced during 2017 will command high premiums in the future, and maybe not a single one will, but if one looks through the offerings at the US Mint, Perth Mint and Royal Canadian Mint I kno...Read More
Click Here to Listen to the InterviewHead of The Morgan Report, David Morgan rejoins the show with comments on Bitcoin, Altcoins and the PMs sector.Contrary to the mainstream opinion, BTC and Altcoins are here to stay; digital currency represents a decentralized alternative to antiquated fiat money.While the uninitiated complain about the energy consumption of BTC mining, the cognoscente understan...Read More
Join Mike Maloney for his latest report on what he expects for 2018. Bitcoin, stocks, gold, and silver are all covered in this in-depth look at today's financial climate...strap in because this is not going to be pretty - unless you are precious metals or crypto investor.If you enjoyed watching this video, be sure to pick up a free copy of Mike's bestselling book, Guide to Investing in Gold & Si...Read More
The pattern shift first noticed the end of September is now in it's 13th week. BofA Merrill Lynch confirms the shift with 11 out of their 19 bear market signals being triggered. Are the Feds ready?Tax law changes and repatriation provides fuel to push stock and bond markets higher. Of course, there are some positive changes for individuals that should put more money in their pockets and (hopefully...Read More
By Jeff ClarkGold or cryptos?That's actually the wrong question, as Mike Maloney points out in his new episode of Hidden Secrets of Money. This movie-quality production follows his three-year journey into investigating the cryptocurrency landscape. He expected to find nothing but a digital payment system. Instead..."What I found is a technology that can revolutionize the planet." Gold and crypt...Read More
By Gary SavageThis video explains why the stock market will be headed higher for now, and likely through the first week of earnings season.https://blog.smartmoneytrackerpremium.com/ Read More
With his first year in office drawing to a close, the US president has been talking up his economic record in typical Trump style. But one man who does not share Trump's optimism is former congressman Ron Paul. He told RT the growth is not even for all people.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, in...Read More
The paradoxical technical situation for oil that we highlighted in the last update has continued - and has gotten even more extreme. In that update we concluded that oil's very bullish volume indicators pointed to its continuing to advance, despite COT and Hedgers charts and sentiment indicators showing extremes that would normally call for a reversal to the downside, and that is what has happen...Read More
By Gary ChristensonFinancial sanity and stability may not return, but we can protect our assets and learn from the discussion.The DOW, S&P500, NASDAQ and other markets sell at all-time highs. However, many imbalances exist within our financial world.This is not new - things have been crazy before, are now, and will be again. But to regain financial sanity we need:From "Doug Casey on the New Fed...Read More
By Rory HallDr Warren Coats, former Chief of the SDR with the title Assistant Director of the Monetary and Financial Systems Department at the IMF penned an article on a return to the gold standard in 2013 - A Hard Anchor for the Dollar. Not a classic gold standard, but an "updated version" of a gold standard that would allow for entities like the IMF, World Bank and BIS to stay involved and b...Read More