Fed Chair Jerome Powell continues to express optimism over the U.S. economyDow Jones Industrial Average (DJI) futures are getting clobbered this morning, trading nearly 200 points below fair value, in the wake of a deadly crash of a Boeing (BA) 737 Max 8 airplane operated by Ethiopian Airlines over the weekend. This is the second fatal crash involving the aircraft in six months. The blue-chip ind...Read More
It's amazing what just talking it out can achieve. After a parade of insults, suspect numbers and pitch decks, Barrick Gold Corp. and Newmont Mining Corp. have agreed to a deal. It isn't the deal Barrick originally pushed for; namely, a hostile full takeover of its rival. Instead, they will holster their Excel models and form a partnership in the one asset anyone really cares about: their Nevad...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
If Friday's close marks a meaningful low, it could be an entry point for bulls"...with 2,800 on many radar screens due to the action around this level that I just described in late 2018, potential buyers may perceive danger at 2,800, potentially flipping the supply-demand equation back in favor of the bears...At the risk of saying, 'this time is different,' perhaps it is best to describe what I se...Read More
SEMAFO (TSX: SMF) (OMX: SMF) and Savary Gold (TSX-V: SCA) announced today that they have entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned by it.In a press release, the companies explained that the transaction is being carried out by way of a three-cornered amalgamation, which will be vo...Read More
SEMAFO (TSX: SMF) (OMX: SMF) and Savary Gold (TSX-V: SCA) announced today that they have entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned by it.In a press release, the companies explained that the transaction is being carried out by way of a three-cornered amalgamation, which will be vo...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) has officially dropped its hostile takeover offer for U.S. rival Newmont Mining (NYSE:NEM) in favour of a friendly deal to create a joint-venture that will combine the two companies' assets in Nevada.The world's two biggest gold miners have operated independently in Nevada for decades, but had been unable to reach an agreement on a way to co-operate unti...Read More
The Gold Shares ETF remains above my semiannual and monthly value levels at $120.36 and $118.45 with my quarterly risky level at $130.76.The commodities ETF has a monthly value level at $14.44 with my quarterly pivot at $15.60 and the 200-week simple moving average at $15.81.The long dollar ETF remains between my annual pivot at $25.47 and my semiannual risky level at $26.39 with my monthly pivot...Read More
Published 21 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold fell on Monday, moving further off the key $1,300-per-ounce mark it briefly surpassed in the previous session, as global equities rallied following last week's slide with stronger-than-expected U.S. retail sales allaying some fears of an economic slowdown.Spot gold was down 0.43 percent at $1,292.42 per ounce at 2:30 p.m. ET. , whil...Read More
* Economy contracts 3.0 pct in Q4; seen by many as recession * Slump follows last year's lira slide, rift with U.S. * Worst showing since 2009 for this major emerging market (Adds election context, graphic)By Daren Butler and Ezgi ErkoyunISTANBUL, March 11 (Reuters) - Turkey's economy contracted asharper than expected 3.0 percent in the fourth quarter of 2018,its worst performance in nearly a deca...Read More
Australia's largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals' (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world's top bullion miners to get even bigger.The Melbourne-based company, which is also the world's No. 3 gold producer by market value, is paying Imperial $806...Read More
Gran Colombia Gold (TSX: GCM), the South American country's largest underground gold and silver producer, has increased the mineral resource and reserve estimate for its Segovia mine, located in the northwestern Antioquia mining district.The operation, acquired by Gran Colombia in 2010, has 4% more mineable reserves than what the company had detected by the end of 2017. They now sit at 1.9 millio...Read More
Gran Colombia Gold (TSX: GCM), the South American country's largest underground gold and silver producer, has increased the mineral resource and reserve estimate for its Segovia mine, located in the northwestern Antioquia mining district.The operation, acquired by Gran Colombia in 2010, has 4% more mineable reserves than what the company had detected by the end of 2017. They now sit at 1.9 millio...Read More
Mar. 8th, 2019(S14-E686)Featured GuestsDr. Stephen Leeb& Ryan Walsh Ph.D.Please Listen HereBest selling author and show Mentor, Dr. Stephen Leeb returns with an key insights on the coming precious metals bonanza. As the world searches for alternatives to the reserve currency to avoid what is sometimes perceived as unfair trade practices. The price of gold is destined to return to it's former lo...Read More
Dear Friend of GATA and Gold:Financial analysis published two weeks ago by a major Italian newspaper, Il Sole / 24 Ore (The Sun / 24 Hours), asserted frankly that central banks have been using gold futures and derivatives to suppress the monetary metal's price so they can obtain more of the metal less expensively in advance of its remonetization under new rules promulgated by the Bank for Intern...Read More
By: Money MetalsCharleston, West Virginia (March 8th, 2019) -- Sound money advocates rejoiced today as the West Virginia legislature overwhelmingly passed Senate Bill 502 and sent it to Governor Jim Justice for his signature. First passed in the West Virginia senate unanimously last month, the measure removes state sales taxation of precious metals, specifically on gold, silver, platinum, a...Read More
By: David Chapman 20,000 jobs vs. 55,900 jobs. That was the stark difference between the U.S. nonfarm payrolls and the Canadian job numbers for February. Given Canada's population is only about 1/10th that of the U.S. it would be like Canada created 559,000 jobs in February. For the U.S. Fed it gives meaning to their "patient" approach. To the BofC it gives pause to any thoughts of lowering int...Read More
By: David HaggithLet's review this past devilishly whacky week to see if we can divine the way the world is turning and why the markets are churning. It was 2019's worst week in stocks and, well, just about everything economic all across this crazily spinning planet. Volatility lifted its head back out of the water like Loch Ness's monster while the citizenry took flight to treasury safe havens,...Read More
Social Security Is Not EnoughIs That All There Is?The Indexing Problem in Retirement AccountsDouble ProblemCleveland, Eye Surgery, New York, and More ClevelandI have long said I don't want to retire. I enjoy my work. It's not too physical, other than the travel (which is finally beginning to wear on me). Also, my savings are not yet sufficient to sustain the retirement lifestyle Shane and I want...Read More
Mar. 8th, 2019(S14-E686)Featured GuestsDr. Stephen Leeb& Ryan Walsh Ph.D.Please Listen HereBest selling author and show Mentor, Dr. Stephen Leeb returns with an key insights on the coming precious metals bonanza. As the world searches for alternatives to the reserve currency to avoid what is sometimes perceived as unfair trade practices. The price of gold is destined to return to it's former lo...Read More