AMZN shares have traded in a tight range recentlyEarlier this morning, the New York Post reported that an Amazon-led group was nearing a $3.5 billion deal for YES Network, New York's prominent cable sports channel. The e-commerce giant wouldhave control of streaming to New York Yankees and Brooklyn Nets games. More notably, Democratic presidential candidate Sen. Elizabeth Warren just proposed a pl...Read More
After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.Newmont Mining Corp. Chief Executive Officer Gary Goldberg said he will be meeting with Barrick Gold Corp.'s Mark Bristow later Tuesday in New York to talk through their differences. However, he said in a Bloomberg TV interview that he won't be discussing Barric...Read More
JPMorgan thinks Costco could announce a special dividendCostco Wholesale Corporation (NASDAQ:COST) is trading up 4% at $225.50, after the company's fiscal second-quarter earnings came in substantially higher than analysts expected, with investors applauding an easing of pricing pressure in the grocery business. Several price-target hikes have come through following the report, and UBS set the high...Read More
After gold's move up from its September 2018 low, remaining patient a while longer should provide an even better entry point for the sector.Lower levels into the $1,112 region in gold and the $15.50 region in GDX are still very much in the cards.We will be watching the retracement levels closely on the next pull back.When the metals and miners complex start a sustaining move to the upside, it...Read More
This is the worst jobs report since September 2017Dow Jones Industrial Average (DJI) futures are trading 185 points below fair value, with the blue-chip index poised to extend its daily losing streak. Stocks are under a double-dose of pressure after China reported a 20% year-over-year drop in exports last month, fueling concerns about a global economic slowdown. And back home, investors are diges...Read More
Brazil's new right-wing government, led by former army captain Jair Bolsonaro, is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.Most of the country's original population lives in the Amazon rainforest, which has an ecosystem seen by many as having worldwide ecological importance. Speaking at an event in...Read More
Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More
• A fresh wave of risk-aversion trade underpins the commodity’s safe-haven demand. • A modest USD pull-back provides an additional boost and remained supportive. • Investors’ focus remains glued to today’s key release of the US monthly jobs report. Gold gained some positive traction on the last trading day of t...Read More
Etruscus Resources (CSE: ETR) and the Tahltan Central Government (TCG) signed this week a Communications Agreement regarding the Rock & Roll property, which is located in British Columbia's Golden Triangle and within Tahltan territory.The 5,309-hectare property, which has been explored since the late 1800s, is 100% owned by Etruscus. A 2018 NI 43-101 compliant inferred resource estimates the resou...Read More
Tanzania has given Barrick Gold-subsidiary Acacia Mining (LON:ACA) until March 30 to stop waste water pollution at its North Mara mine or face a shutdown, but the country's No.1 gold producer said Friday a brief spill affecting the operation has already been halted.The miner says the spill happened because sections of a pipeline used to carry water to a tailings storage facility were either vanda...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold rose a percent to a one-week high on Friday, briefly breaching the pivotal $1,300 ceiling, as weak U.S. payroll data dented the dollar and risk sentiment, while also exacerbating a gloomy global economic picture.U.S. job growth almost stalled in February with the economy creating only 20,000 jobs amid a contraction in payrolls in co...Read More
Gold could see a corrective bounce above $1,290, as the 4-hour chart is showing signs of bearish exhaustion. 4-hour chart Multiple long-tailed candles near $1,280 support indicate seller exhaustion. That coupled with a bullish divergence (higher lows on the RSI) indicate scope for a corrective move higher to descending 10-day MA, currently located at $1,300. The probability of a corrective...Read More
Would you believe that March and April, historically, shows a 2 to 1 statistical probability of NG moving higher. Each of these months shows, historically, that NG has a strong potential for at least a $1.00 upside price move in both March and April. Only 1/3 of the historically testing time (23 years) did the price of NG actually decrease.How do we know this? We've built proprietary price m...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Thursday for a fourth straight session even after the European Central Bank said it would keep interest rates at near-record lows until at least the end of the year, effectively insuring the Federal Reserve won't tighten anytime soon.Kroger (KR) posted weaker-than-expected fourth-quarter earnings Thu...Read More
Jack ChanPosted Mar 7, 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.GDX – our gold stock ETF has confirmed bottoms with breakouts.The trend is up.The multi ye...Read More
Bob Moriarty ArchivesMar 8, 2019Quaterra Resources (QTA-V) owns the site of the oldAnaconda Copper Mine near Yerington in Nevada just outside of Reno. Part of the deposit, the MacArthur deposit, contains over 1.6 billion pounds of inexpensive and easy to process oxide copper. It could be put into production for about $233 million. A 2012 PES believed there would be a cash cost of $1.89 a pound and...Read More
PLEASE NOTE: THE COT REPORT SCHEDULE IS NOW UP-TO-DATE & ON ITS NORMAL SCHEDULE WITH THE RELEASE OF THIS REPORT. Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 202,628114,61059,730155,732269,729418,090444,069 Change from Prior Reporting Period -34,20713,471-5,6729,690-36,158-30,189-28,359 Traders 18568814952269168 Small Speculator...Read More
The current stock bull market, already the longest in U.S. history, turns 10 years old this month. It's been a phenomenally profitable time to participate, especially if you've stuck to an investment strategy that favors dividend-paying stocks. As you can see in the chart below, the amount of cash that S&P 500 Index companies have returned to shareholders has grown each year since 2009. In the f...Read More
Dear Friend of GATA and Gold:Market manipulation by governments and central banks is right out in the open again, hiding in plain sight in the confidence that mainstream financial news organizations, financial letter writers, and gurus who purport to bring "technical analysis" to bear on markets will avert their gaze.For as GATA's friend Jim Anderson of SD Bullion Inc. in Michigan pointed out th...Read More
By: Richard Mills, Ahead of the herd On Monday Newmont Mining rejected a $17.8 billion hostile takeover by Canada's Barrick Gold. Speculation has been running wild over whether the two major gold miners would combine to make a $42-billion gold goliath three times the market cap of the nearest competitor, Australia's Newcrest Mining. We now know that deal is kaput. Newmont's board of directors...Read More