Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort189,200171,53371,278166,143198,139426,621440,950Change from Prior Reporting Period 9,454-46,3887,521-8,16649,6968,80910,829Traders17895885749279194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,79733,468474,418 356-1,6649,165 non reportable positionsChange from...Read More
The sentiment shift is still subtle, but it's both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive comments in the media and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part of this year but lately has ramped up its buying, with August imports more...Read More
By David Brady, CFAAfter falling from 1369 to 1167 in just four months, Gold is attempting to rally now, having risen to a high of 1237 recently. But as I shared in my previous article: "There is significant resistance ahead that could stall Gold's rally, most notably 1244, the 38.2% Fibonacci retracement of the entire drop from 1369 to 1167, and 1251 on a closing basis (1360-1184). If we close...Read More
The gold miners' stocks have been largely ignored and neglected for years. Speculators and investors wanted little to do with them for various reasons. But that apathetic sentiment is finally starting to shift thanks to last week's stock-market plunge. Capital is starting to return to this battered sector as traders begin to realize how radically undervalued it is. Sentiment mean reversi...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourages a healthy debate.People often whisper conspiratorially about the age-old U.S. practice of fixing the gold price at $42.22. "They're just trying to keep gold d...Read More
By Marin KatusaThe economy depended on the spending habits of baby boomers the last three decades.The success and failure of many companies depended on the spending habits of those same baby boomers.It was all about the baby boomers.But that is no longer the case.You must pay attention to the Millennial Generation (those born 1981-2000) right now. And here's why...The most recent U.S. Census ind...Read More
By Avi GilburtI know of no asset other than cryptocurrencies where traders of which adopt the lexicon of the broader trading community and then layer on their own slang. The chief word in the crypto trader's word bank is "HODL," which most interpret to mean "Hold On for Dear Life."The phrase, "I'm just HODLing" is often expressed as a badge of honor, as if holding on to a losing position due to...Read More
Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week including our special podcast on Direct Access Gold.From our perspective, the most important developments were the IMF's financial warnings and the escalation in central bank gold buying with Hungary increasing its gold reserves by a whopping 1,000% due to increasing "safety concerns."For...Read More
CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02% The Metals: G...Read More
We lower our head... and pause in silent memory…For the black crepe went up on Wall Street 31 years ago today - Oct. 19, 1987.The Dow Jones plummeted 22.6% that distant "Black Monday"… its largest one-day fall ever.A comparable blood-spilling today would plunge the index some 5,700 points.How likely is an encore?Answer shortly.Meantime, the ghosts of October 1987 have the stock market...Read More
My poor dad said he could not invest because he had no money. My rich dad said, "Invest your time when you have no money."Unfortunately, most people have no time to invest. Why? Because they think that working harder and longer will make them richer. Nothing could be further from the truth.Consider these facts:The average U.S. worker clocks in a little more than 1,800 hours per year at work-the hi...Read More
Calgary, Alberta (October 19, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Corporation") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announced today that, subject to regulatory approval, it has granted a total of 4,525,000 options to purchase common shares of the Corporation (the "Options") to directors, officers, employees and consultants of Prize. The options have an exercise price of $0....Read More
Why interest rates still matter with influential financial journalist and historian James Grant. James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes...Read More
Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Tim...Read More
The sentiment shift is still subtle, but it's both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting Continue...Read More
The economy depended on the spending habits of baby boomers the last three decades.The success and failure of many companies depended on the spending habits of those same baby boomers.Continue...Read More
Oct 22, 2018 Guest(s): Stephen de Jong CEO & Co-Founder, VRify A technology company promises to transform the way investors visit a mining site, by accessing it virtually. Stephen de Jong, CEO and co-founder of VRify, said that based on his prior experiences working for a mining company, he discovered that giving virtual tours of mine sites was more efficient than traditional investor presentati...Read More
Meital took one simple, legal step to save about $30,000 in taxes every year.She used to be an international photographer based in NYC, making about $100,000. But despite that income, she was still living paycheck-to-paycheck.Continue...Read More
The recent gain in gold's price has sparked a return to the physical gold market of Continue...Read More
LONDON, 19 October 2018 - Trading data and investment analysis from BullionVault feature today in a detailed report on the case for gold from Portfolio Adviser, the specialist news magazine and website read by 5,000 wealth managers, investment advisers and other finance professionals in the UK and Channel Islands.Noting how this month's plunge in the FTSE All-Share Index of UK stocks has coincided...Read More