June tends to be the worst month of the year for this international ETFIt's been rough sledding for overseas markets of late, thanks in no small part to a backdrop of steadily escalating rhetoric between the U.S. and its major trade partners. This global weakness is a trend that we've highlighted in this space recently (via the Chinese large-cap tracker ASHR), and it's one we've capitalized on via...Read More
Gold (XAU/USD) risk reversals show demand for put options (sell gold) continues to rise. The one-month 25 delta risk reversals (XAU1MRR) are being paid at 0.525 XAU puts - the level last seen on March 20. About two weeks ago, the risk reversals were flashing a strong XAU call (bullish) bias and were being paid at 1.05 XAU calls. The options data add credence to the drop in gold to a...Read More
Press release from Newmont MiningNewmont Mining Corporation (NYSE: NEM) achieved commercial production at its Twin Creeks Underground expansion project located in Nevada. The company says that Twin Creeks Underground mine will add between 30,000 and 40,000 ounces of gold production per year at all-in sustaining costs of between $650 and $750 per ounce for its first five years of production. This n...Read More
The bottom could be in.Expect silver to outperform gold in this cycle.Remaining long silver.It was the 21st of May last when we went long both silver (SLV) and the mining complex (GDX). We have a habit of being early at intermediate bottoms, but this one really takes the biscuit. As we can see from the silver chart below, the rally at the start of June ended up being a false dawn. Price quickly co...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average turned higher at the close on the first trading day of the second half of 2018. The blue-chip index fell 1.8% in the first six months of the year.The S&P 500 rose 1.7% in the first half of 2018, and the tech-heavy Nasdaq jumped 8.8%.Tesla Inc. (TSLA) reached its goal of produci...Read More
The Monday Market Minute Global stocks slide as China weakness, Japanese pessimism and German politics pound market sentiment.China stocks slump deeper into bear market territory following soft manufacturing data that suggests trade tensions are sapping growth prospects.Euro slides to session-low of 1.1630 as Germany faces political crisis over immigration that could toppled Chancellor Angela Me...Read More
Bob Moriarty ArchivesJul 3, 2018I’ve been working on a new book about investing in junior resource stocks for quite a while now. I haven’t actually written anything but I have been aggressively thinking about actually writing. Someday.When I do a book, I’m like a cow chewing a cud. I munch and munch and eventually I sit down and start typing. I’ve pretty much got the book w...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJul 3, 2018 Charts don't make fundamentals, but fundamentals do make charts.That's because market fundamentals create liquidity flows.Those liquidity flows create technical action on the charts.Please click here now.Double-click to enlarge this important daily gold chart.When market techn...Read More
Beginning in early Spring,gold and silver faced two serious headwinds: Seasonality - that is, the annual decline in bullion demand from China and India once wedding season ends - and the internal structure of the futures markets, where the big players in gold had lined up in ways that historically point towards weak prices for a while. Both of these negatives are still in place (hence the smack-do...Read More
Please Note: US markets are closed tomorrow for Independence Day. CloseGain/LossGold $1252.90+$12.70Silver$16.01+$0.16XAU82.87+2.17%HUI177.08+2.07%GDM626.20+1.68%JSE Gold1072.39+12.19USD94.57-0.42Euro116.64+0.42Yen90.55+0.28Oil$74.14+$0.2010-Year2.829%-0.035T-Bond145.4375+0.6875Dow24174.82-0.54%Nasdaq7502.67-0.86%S&P2713.22-0.49% The Metals: Gold chopped near unchanged in Asia, but it the...Read More
By Craig HemkeIt has been a painful start to the summer for gold traders and investors, particularly for yours truly. Though we anticipated the correction that began back in April, we never fully expected it to extend for as long and as deep as it has run. However, this post from mid-May clearly lays out that $1235 COMEX gold was at least a "possibility". o https://www.sprottmoney.com/Blog/the-g...Read More
Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality - that is, the annual decline in bullion demand from China and India once wedding season ends - and the internal structure of the futures markets, where the big players in gold had lined up in ways that historically point towards weak prices for a while. Both of these negatives are still in place (hence the smack...Read More
Graceland UpdatesBy Stewart Thomson 1. Charts don't make fundamentals, but fundamentals do make charts. That's because market fundamentals create liquidity flows. Those liquidity flows create technical action on the charts.2. Please click here now. Double-click to enlarge this important daily gold chart.3. When market technical indicators like RSI, MACD, and Stochastics...Read More
By USAGOLDSummer, 2018 On the law of long-term time preference and gold ownership"The Law of Long-Term Time Preference - Those who plan, invest and execute long-term win. Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the tickets to success in all areas of life - short-term sacrifice for long-term benefits, deferred gratification rather than inst...Read More
By Steve St. AngeloThe world is standing at the edge of the financial abyss while most investors are entirely in the dark. However, specific indicators suggest the market is one giant RED BLINKING LIGHT. One of these indicators is the amount of margin debt held by investors. What is quite surprising about the level of investor margin debt is that it has hit a new record high even though th...Read More
Source: Jack Chan for Streetwise Reports 07/02/2018 Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices. --> Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gol...Read More
By David HaggithEven the best day of the year for stocks in the United States struggled to pull this market into better shape. While summer is a down period overall for stocks, July 2nd holds the position of being historically the most bullish day of all for the S&P 500. Why? The S&P 500 shows an average return of +.32% on July 2nd and is, at least, positive 83.33% of the time. The Dow turns in...Read More
Dear Friend of GATA and Gold:GoldCore's daily blog today reprints analysis by Jim Rickards in his latest Gold Speculator letter arguing that the great "global monetary reset" often speculated about is already underway, as indicated by the recent close correlation between the gold price and the International Monetary Fund's super-currency, the Special Drawing Right, which began shortly after the...Read More
What a fall! The price of gold dropped about $100 since mid-April, or about $50 since mid-June. What is happening in the precious metals market? World Is Dangerous, but Gold Falls in Q2 Let's analyze the chart below. As one can see, the second quarter of 2018 was not good for gold. The yellow metal lost almost 6 percent. June was particularly negative for gold, which dropped more than 4 percen...Read More
By Dave KranzlerThe XHB homebuilder ETF is decisively below three key moving averages after it knifed below its 50 dma last week. KB Homes reported a big earnings and revenue "beat" on Thursday after the market closed. The stock soared as much as 9% on Friday. Per the advice I gave my subscribers about shorting the inevitable price-spike in the stock, I shorted the stock Friday mid-day (Ju...Read More