Mr. Ivan Bebek reportsAURYN SAMPLES UP TO 31.6 G/T GOLD AND 5.25% COPPER IN THE FERROBAMBA LIMESTONE AT SOMBREROAuryn Resources Inc. has released more favourable results from its Sombrero project in southern Peru following a rock sampling program focused on the Ferrobamba limestone. The company has also staked an additional 11,000 hectares to the east and contiguous to its Sombrero North claims as...Read More
* Investors look for safety amid Saudi tensions; yen higher * Analysts say investors cautious but far from panicked * Euro rebounds vs dollar despite Merkel's allies' electionloss * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Oct 15 (Reuters) - The yen hit a one-month high andthe Swiss franc rallied on Monday as rising geopolitical tensionand furthe...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES Q3 2018 PRODUCTION RESULTS; PROVIDES CORPORATE UPDATEAvino Silver & Gold Mines Ltd. has released its third quarter 2018 production results from its Avino property near Durango, Mexico.Consolidated production highlights for third quarter 2018 (compared with third quarter 2017): Silver equivalent production decreased by 7 per cent to 704,429 ounces (1).Go...Read More
* Holdings in SPDR Gold Trust on the rise * European shares slide to 22-month low * Platinum hits highest in more than three months (Updates comments and prices)By Sumita LayekBENGALURU, Oct 15 (Reuters) - Gold rose more than 1 percenton Monday to its highest in about 2-1/2 months as investorssought refuge in the metal after mounting tensions betweenWestern powers and Saudi Arabia compounded jitte...Read More
XAU/USD: Gold prices pushed on; Expect stiff resistance at 1221.70 What is going on with XAU/USD? XAU/USD: Gold prices slipped below 1221.70 support on Friday's session and finished the last session at the bottom of the consolidation channel at 1217.75. Gold prices picked up from where it finished off in last week in today's opening trades and pushed prices back up to the top of the channe...Read More
* European stocks hit 22-month low, Wall Street futures flat * China and Japan stocks tumble in tough start to week forAsia * Oil climbs as fate of missing journalist impacts Saudirelations * Yen, Swiss franc, gold, bunds among safe havens to shine * Sterling recovers from latest Brexit wobbleBy Marc JonesLONDON, Oct 15 (Reuters) - World markets turned tail againon Monday, as a bounceback in oil p...Read More
JOHANNESBURG, Oct 15 (Reuters) - South Africa's rand firmedagainst the dollar in early trade on Monday as markets digestednews that ratings agency Moody's opted to hold off publishing areview of the country's debt on Friday, Oct. 12, as planned.* The rand was 0.5 percent stronger at 14.4475 perdollarat 0700 GMT, having closed in New York at 14.5200 on Friday. * Moody's said it would not publish a...Read More
Spot gold remains supported above the confluence of S1 and the 21.6% Fibo retracement of the latest rally. Currently, gold is consolidating at $1,221/oz, slightly above the pivot and will continue to take cues from the stock markets and investor's risk appetite. There were a recent combination short covering and a flight to safety that lead to gold's rapid increase in price with t...Read More
CloseGain/LossGold $1225.40+$7.40Silver$14.69+$0.08XAU70.45+1.70%HUI155.88+1.68%GDM557.90+1.37%JSE Gold1252.10+97.79USD95.08-0.20Euro115.81+0.22Yen89.21+0.03Oil$71.78+$0.4410-Year3.154%+0.001T-Bond138.4375-0.28125Dow25250.55-0.35%Nasdaq7430.74-0.88%S&P2750.79-0.59% The Metals: Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but...Read More
By Ira EpsteinGold a bit overbought, but rallying on Italian, Brexit and Saudi issues.https://www.iraepstein.com/ Read More
I've read many comments to the effect that the next financial crisis will be like 2007-2008, only worse. However, the sole reason that many people are talking about a coming 2008-like crisis is because the happenings of 2008 are still fresh in the memory. Market participants often expect the next crisis to look like the last one, but it never does. Consequently, the general prediction about the...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Dr. Stephen Leeb, Chief Investment Officer at Leeb Capital Management. Dr. Leeb has decades of experience in the financial markets and has even authored seven well regarded books, including best sellers The Coming Economic Collapse: How to Thrive When Oil Costs $200 a Barrel, and Game Over: How to Prosper i...Read More
By Frank HolmesStrengths? The best performing metal this week was platinum, up 1.82 percent as hedge funds cut their net bearish position to a five-month low this week. For the eighth consecutive week, gold analysts and traders have reported holding a bullish outlook on the yellow metal in Bloomberg's weekly survey. This attitude is supported by gold being on its best run in six...Read More
By Keith Weiner"You can't eat gold." The enemies of gold often unleash this little zinger, as if it dismisses the idea of owning gold and indeed the whole gold standard. It is a fact, you cannot eat gold. However, it dismisses nothing.This gives us an idea. Let's tie three facts together. One, you can't eat gold. Two, gold is in backwardation in Switzerland. And three, speculation is a bet on th...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12October 15, 2018 "There are three ways to make a living in this business: be first, be smarter, or cheat."- John Tuld, played by Jeremy Irons in Margin Call (2011) "If we're right, people lose homes. People lose jobs. People los...Read More
Thursday last week was a momentous day for the Precious Metals sector with gold, GDX and other ?ndices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stockmarket was crashing. This is viewed as a strong sign that instead of being dragged lower still by a crashing stockmarket, the PM sector wil...Read More
By Larry LaBorde Once again the lovely Miss Puddy accompanied me to the beach on the Florida panhandle for a week of rest and relaxation. The end of September is the perfect time for the beach in Florida as it is not too hot but still nice and warm with gentle sea breezes every afternoon. The crowds have also gone and the traffic is much better. Unfortunately hurricane Michael did not get...Read More
By Avi GilburtI think we have all seen many episodes of fake news in the media when it comes to politics. However, what is even more pervasive is fake news in financial analysis. And, I was urged to write this quick public note to set the record straight.I have railed for years against those analysts who have pointed to news events to explain what has happened in the market, especially as an exc...Read More
By Avi GilburtSentiment is a funny bedfellow. When the metals market was at the lows back in August, everyone and their mother were again certain that we were going to break below $1,000 in gold. Yet, that exact sentiment is what kept us from doing so, no different than what we saw at the end of 2015.Currently, the sentiment has been turning bullish again, with many thinking the current rally is...Read More
VANCOUVER , Oct. 15, 2018 /CNW/ - Northern Vertex Mining Corp. (NEE.V) (OTC Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") is pleased to announce a number of financing transactions intended to improve free cashflow during early production at the Company's Moss Mine. Highlights of the transactions include:Sprott Resource Lending amends monthly principal payments from US$1,111,111 to...Read More