By: Nicholas LePan, Senior Mining Reporter at GoldSeekIt was back in September 2018 when America's newest gold and silver producer, Northern Vertex (TSX-V: NEE) (US: NHVCF) announced commercial production, at its 100-per-cent owned Moss Mine located in Northwestern Arizona, just a couple of miles off the old route 66. (The road to the Moss Mine, circa 2018) However, as any mine developer...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this porte...Read More
By Avi Gilburt, ElliottWaveTrader.net Consider the extremes we experienced in August and September of 2011. Gold had days where it would rally $50 in a single day during its final parabolic move. Moreover, everyone you spoke with would express their certainty that gold would soon eclipse the $2,000 mark, on its way to much higher levels.Yet, I remained steadfast in my analysis which suggeste...Read More
Like many of you, I've been eagerly awaiting the day when this powerful bear rally drops dead. Instead, AAPL has rallied with a vengeance, drawing a thousand doomed stocks into its vortex. Yes, the rally is a hoax. And yes, the Masters of the Universe have used it to distribute as much stock as possible into the hands of rubes, pensioners and widows.Under the circumstances, I've been a reluctant...Read More
By: Ira EpsteinGold hold up well against key support of 18-Day Moving Average of Closes:Read More
Gold is inching closer to record highs in AUD and NZD terms, not surprisingly though, as speculations are rife that both the Reserve Bankof Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) would cut rates this year. Earlier this week, RBA's Lowe put rate cut back on the table, reinforcing expectations that the central bank would reduce interest rates by 25basis points this...Read More
The gold market has made a good rally since the 11/30/2018 Chaos Clinc suggested it was about to rally. This initial rally could be part of a longer term move. One of the dominant astro cycles in Gold is the Saturn-Node (SO) cycle. This 11.4 year cycle is close to the average solar sunspot cycle, which has been linked to several economic cycles. Gold is used as a he...Read More
It was a volatile week for stocks, amid renewed fears about U.S.-China tradeThe Dow spent the entire session in the red, finishing the volatile week with another risk-off showing. Trade tensions were again the main focus, following reports that the U.S and China are still far apart from making a deal. In addition, President Donald Trump said he doesn't plan to meet with Chinese President Xi Jinpin...Read More
GOLD Spot gold holds positive tone for the second day as week-long dollar's rally is losing traction and may take a breather on overbought conditions.Recovery extension hit high at $1315, retracing 50% of $1326/$1302 pullback and signaling formation of higher low at $1302 (07 Feb low).Fresh strength looks for confirmation on daily close above cracked 10SMA ($1312), to ease downside risk and sh...Read More
Hilton stock is flashing a bearish technical signal ahead of next week's earningsThe shares of Hilton Hotels Corporation (NYSE:HLT) have recently attempted a rally off their late-December drop -- up nearly 13% since hitting a two-month intraday low of $65.63 on Dec. 24. As the hotel concern prepares to release its upcoming earnings report, which could determine the stock's next move, the equity ju...Read More
A volatility crush has made short-term K options attractively priced Kellogg Company (NYSE:K) has had a rough week. The cereal maker gapped 5.6% lower yesterday following the company's fourth-quarter earnings loss that was attributed to higher Brexit costs -- though Kellogg beat estimates on an adjusted basis. Then, four brokerages issued bear notes this morning, including Credit Suisse, which c...Read More
The mining stock is also poised for its best week since JulyThe Dow is headed for its first weekly loss of 2019 on concerns over U.S.-China trade negotiations. Among individual names making notable moves are FAANG stock Amazon.com, Inc. (NASDAQ:AMZN), mining firm Cleveland-Cliffs Inc (NYSE:CLF), and SurveyMonkey founder SVMK Inc (NASDAQ:SVMK). Here's a quick look at what's moving the shares of AMZ...Read More
Gold prices finished higher on Friday, paring an already modest weekly loss as weakness in global stocks boosted haven demand for the commodity. The yellow metal saw some so-called short covering to end the week, finding support from the threat of another U.S. government shutdown, with temporary funding expiring on Feb. 15, and intensifying concerns surrounding Brexit, said George Gero, managing d...Read More
Gold prices finished higher on Friday, paring an already modest weekly loss as weakness in global stocks boosted haven demand for the commodity. The yellow metal saw some so-called short covering to end the week, finding support from the threat of another U.S. government shutdown, with temporary funding expiring on Feb. 15, and intensifying concerns surrounding Brexit, said George Gero, managing d...Read More
EA options volume is extremely high todayThe shares of Electronic Arts Inc. (NASDAQ:EA) are having a huge session thanks to positive buzz surrounding the company's new battle royale game "Apex Legends," which it says already has 10 million players. EA shares were last seen up 13.6% at $95.51, breaking through a tough ceiling from recent weeks near the $93 level and more than making up for their ea...Read More
Looking ahead, traders will keep an eye on D.C. ahead of the shutdown deadlineThe first full week of February started on a high note, though volume was initially light as traders recovered from the most boring Super Bowl ever (don't @ us, Pats fans). However, after two straight triple-digit gains, the Dow Jones Industrial Average (DJI) spent the latter half of the week in the red, amid renewed con...Read More
Wall Street's "fear gauge" is pacing for its first weekly advance of 2019The Dow Jones Industrial Average (DJI) is down nearly 250 points at midday, on track to bring its weekly winning streak of six to a halt amid mounting U.S.-China trade tensions. The Wall Street Journal earlier reported that a trade deal draft has not even yet been agreed upon, casting further doubts ahead of the March 1 de...Read More
• The precious metal reversed an early dip and jumped to fresh session tops in the last hour, turning higher for the second straight session. • The positive momentum has been strong enough to lift the commodity beyond a descending trend-channel formation on the 1-hourly chart. • Technical indicators on mentioned charts h...Read More
The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today’s article about the development of the Eurozone in the last twenty years and find out what are the real prospect of the euro – and what does it imply for the gold market. 20 Year of Eurozone and Gold In December, we...Read More