Gold _ Silver Spot Gold held support at 1291/90 but below here targets 1286/85, perhaps as far as important head & shoulders neck line support at 1281/80. Sell a little if it looks like we will see a weekly close below here & add to shorts on a break below 1271.Minor resistance at 1300/02 but above 1304 allows a recovery to 1305 & 1308 before another selling opportunity at 1310/11 with...Read More
Citing its near-4% decline from the highs and exhaustion candles beneath its lower Keltner, we highlighted Gold’s potential to mean revert last week. Having rebounded 2.4% from its low, we suspect a corrective top could be in place. Key points: March tends to be a weak month for gold, looking at its seasonal averages Gold’s performance typically deteriorates throughout Q1 Near-...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up slightly Thursday. Earlier in the session the blue-chip index had fallen on a report saying President Donald Trump was in no rush to complete a trade pact with China, but Trump and Treasury Secretary Steven Mnuchin said discussions with China were progressing quickly. Social media company Snap Inc. (...Read More
The Thursday Market Minute Wall Street futures suggest modest declines in cautious Thursday trading amid reports of a delay in the planned trade summit between Presidents Trump and Xi.European stocks hit a five-month high after UK lawmakers vote to remove "hard Brexit" risk, but significant uncertainty over the government's next steps, and today's vote on a Brexit extension, keep gains in c...Read More
Investing.com - Gold prices fell on Thursday in Asia even after China reported weaker-than-expected industrial output data.Gold Futures for April delivery were down 0.5%, at $1,303.35 per ounce on the Comex division of the New York Mercantile Exchange by 1:11 AM ET (05:11 GMT). The precious metal remained above the key $1,300 level after hitting a near two-week peak of $1,309.60 on Wednesday.China...Read More
Bob Moriarty ArchivesMar 15, 2019In 1956 I was ten. We lived in a tiny house in Phoenix, Arizona. Grammar school was just down the road perhaps a mile away. The management of the school system in Phoenix didn’t have much imagination. The name of the school was Madison #2. At the time I think there were six elementary schools in Phoenix all named Madison.I was in the 4th grade. My teacher&rsq...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 205,250126,43175,211192,029300,503472,490502,145 Change from Prior Reporting Period 2,62211,82115,48136,29730,77454,40058,076 Traders 19867845056283176 Small Speculators LongShortOpen Interest 57,54027,885530,030 4,31964358,719 non reportable positionsCha...Read More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more im...Read More
CEO Kenneth Lewis & Chris Waltzek Ph.D. - Download interview -- MP3 fileHighlightsLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!)ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott. CEO of APMEX and founder of ONEGOLD Inc., Kenneth Lewis return...Read More
Last week I was pleased to attend the Prospectors & Developers Association of Canada (PDAC) conference in Toronto. PDAC is one of the largest mining conferences in the world. More than 25,000 people turned out this year, many of them selling equipment services, exhibiting securities and investments, making presentations and much more. As was the case at the BMO Global Metals & Mining Confe...Read More
By: IRA EPSTEINPrecious Metals Update Video: Gold market is having a problem... biased is down as trend is up:Read More
By Avi GilburtWe are often directed to think that the market reacts in the same manner as Newtonian physics. We believe that a news event which accompanies a market move was certainly the "cause" of that market move. But, how often have we seen markets react in the exact opposite manner in which the substance of the news event suggests?While science has moved away from Newtonian physics, stock m...Read More
Face it, this monster could veer wildly in either direction right now, and even an Einstein could not confidently predict which. My heart's desire is to see the S&Ps plunge into the molten pit of hell by summer. The 2313.00 target shown suggests that, at least from a technical standpoint, this is possible. Presumably, the years-overdue collapse would drive out the crooks who have rigged shares...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
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
As we face a major election this May in Europe, truly there is rising discontent among member states that this is just not working. The demands of austerity are tearing Continue...Read More
"The two sides have further made concrete progress on the text of the trade agreement between the two sides," the report stated.Continue...Read More
A CIBC report discussed the pros and cons of the transaction. In a March 12 research note, CIBC analyst Oscar Cabrera reported that Imperial Metals Corp. (III:TSX) agreed to sell 70% of its flagship Red Chris mine in British Columbia to Newcrest Mining Ltd. (NCM:ASX) for US$806.5 million. On that news, CIBC upgraded its rating to Neutral from Underperformer and more than quadrupled its target pr...Read More
A Macquarie report discussed a handful of highlights from management's presentation. MAG's Juanicipio JV ProjectIn a March 6 research note, Macquarie analyst Michael Gray reported the key points from MAG Silver Corp.'s (MAG:TSX; MAG:NYSE.MKT) technical luncheon at the PDAC Conference. MAG President and CEO George Paspalas and Chief Exploration Officer Peter Megaw made the presentation, which took...Read More