(Removes erroneous reference to Polyus being a silver producer,paragraph 1)MOSCOW, March 12 (Reuters) - Russian gold producer Polyus has received a further 5 percent stake in the giantSukhoi Log gold deposit from its project partner Rostec inreturn for a 0.28 percent stake in Polyus shares, Polyus saidlate on Monday.The deal raises Polyus' stake in Sukhoi Log, one of thelargest untapped gold depos...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold edged higher on Tuesday, supported by a retreat in the dollar after an apparent breakthrough in Brexit negotiations between the European Union and Britain, although rallying equities capped bullion's gains.Spot gold rose 0.36 percent to $1,298.61 per ounce, while U.S. gold futures were up 0.6 percent at $1,299.10.Some dollar weaknes...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Monday despite a big decline in Boeing (BA) shares after the deadly crash of a 737 MAX 8 jet over the weekend. Nvidia (NVDA) will buy Israel's Mellanox Technologies (MLNX) for around $7 billion, outbidding chipmaking rival Intel (INTC) for the cloud computing semi...Read More
Jack ChanPosted Mar 11, 2019Gold sector as represented by $HUI is on a long-term sell signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term sell signal.Short-term signals can last for weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.COT data on silver is now also support...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 12, 2019With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone.Please click here now.Double-click to enlarge. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420.Note the superb position of the 14,7,7 series...Read More
- Clint Siegner, Money MetalsA year ago, Republicans in control of Congress suspended the cap on federal borrowing. The limit was automatically re-imposed on March 1st. Politicians now have a few months to hammer out legislation to raise the cap as the Treasury employs "extraordinary measures" to fend off default.The federal deficit is mushrooming once again. The 2017 tax cuts have taken a bit...Read More
By: Dave KranzlerJames Kunstler summarized it perfectly. So rather than reinventing the wheel, here's an excerpt from his Monday commentary:Jerome Powell [was] wheeled out on CBS's 60 Minutes Sunday night, like a cigar store Indian at an antique fair, so vividly sculpted and colorfully adorned you could almost imagine him saying something. Maybe it was an hallucination, but I heard him say that...Read More
It's important to understand Gold's fundamentals as it will help us confirm a new bull market.To this point, Gold's rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely precede the fun...Read More
Buyers showed bold tenacity Monday, holding the broad averages steady until an extremely volatile Boeing righted itself. The stock, cherished above all others by its institutional sponsors, came under heavy pressure overnight on news that a 737 had gone down in Ethiopia, killing all 157 aboard. This was the second fatal crash of this aircraft in five months, and it triggered a stampede out of Bo...Read More
Drawing on the work of Robert Lambourne, GATA's consultant on the Bank for International Settlements, the TF Metals Report's Craig Hemke notes at Sprott Money today that the recent monthly gold swapping reported by the Bank for International Settlements corresponds almost precisely with the simultaneous draining of gold inventory from the exchange-traded fund GLD.Lambourne reported last week tha...Read More
Gold fell after inability to break past $1300. There should be good investment demand in gold for the rest of March. I prefer higher allocation to physical gold in one's portfolio. Silver continues to remain undervalued. Saudi's are taken world to a ransom as they do not want crude oil price to fall. They are doing everything to ensure that Brent crude oil trades over $60 per barrel. Asian sum...Read More
"There's no Trump boom; we're near the end of this cycle."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The...Read More
Today brings news of the latest federal budget proposal, a $4.75T presidential wishlist doomed to defeat in the House that spends money we don't have.Perhaps most striking is that we are on pace to shatter the all-time debt-to-GDP record established in 1946 - when the country was in the midst of the life-or-death crisis of World War II - for no other reason than politicians lying to us about what...Read More
Max interviews Mish Shedlock of MishTalk.com about the latest economic data out of America and whether or not the lofty stock market valuations are warranted.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invent...Read More
Stephen Gutowski is a staff writer for the Washington Free Beacon. He founded his own site as a junior in college and has been writing about news and politics since that time. Continue...Read More
You have to give the Left credit. Whether it's implementing their socialist agenda or terminating the population's gun rights, they never give up. According to Karen Kataline, the new Red Flag legislation sweeping the nation is merely a ploy by arch gun-grabber Michael "Nanny" Bloomberg to unconstitutionally seize citizen weapons and deprive them of their Second Amendment rights. There's virtually...Read More
Larry talks with former Republican congressman and three-time presidential candidate Ron Paul, who has plenty to say about President Trump's 2020 budget proposal, U.S. involvement in Syria and the fight over border wall funding. 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, including the New York Times best...Read More