Canada's Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said it poured Tuesday first gold and silver dor?(C) at its Cerro Moro mine, located in Argentina's Santa Cruz province.The Toronto-based miner, which began construction at Cerro Moro in 2015 and expects to finish building it this year, said ramp-up remained on track, with commercial production expected in the second quarter of the year.Once at ful...Read More
* Dollar index hovers near 5-month high* Benchmark U.S. Treasury yield hovers around 3 percent * Spot gold may bounce to resistance at $1,302/oz- technicals(Updates prices)By Apeksha NairBENGALURU, May 16 (Reuters) - Gold prices recovered some lost ground on Wednesday on short-covering after prices fell to the lowest level this year in the previous session on surging U.S. bond yields and a stronge...Read More
How the S&P fares after a volatile start to the yearAt this time last year, there had been only three days in which the S&P 500 Index (SPX) moved by at least 1%. That's absurdly low. This year is quite a bit different, as the number of 1% days has spiked to 32. That's only one more day than we saw in all of 2016, but it's the highest number since 2009. This week, I'm looking at how this year compa...Read More
Gold dropped to $1,290 an ounce today.We are approaching a ripe buying opportunity.Ignore the bears.Well the price of gold (GLD) collapsed today (05-15-2018) by well over $20 an ounce. The precious metal is now trading around the $1,291 mark. The GLD ETF finished up trading today at the $122,48 level, which means gold is now down well over 2% year to date. I wrote an article on the triple leverage...Read More
Gold fell to 4.5-month low yesterday as rising Treasury yields put a bid under the US dollar. The double top reversal in gold weekly chart suggests the tide has turned in favor of the bears. Gold (XAU/USD) fell to $1,288 in the US session yesterday - the lowest level since Dec. 28 as the US dollar strengthened on the back of rising Treasury yields. As of writing, the metal is changing hands at $...Read More
The London Bullion Market Association said on Tuesday it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".The refinery in Russia is controlled by Moscow-based conglomerate Renova Group, which along with its key shareholder, billionaire Viktor Vekselberg, was sanctioned by the United States on April 6.T...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished lower Tuesday for the first time in nine sessions.The S&P 500 declined for the first time in five trading days.Home Depot Inc. (HD) fell 1.6% after same-store sales missed analysts' expectations. Wall Street Overview Stocks fell sharply on Tuesday, May 15, as investors a...Read More
On Mother's Day, workers at a Cheesecake Factory in Miami, Florida, threatened a man and verbally attacked him for daring to wear a hatContinue...Read More
4 Things to Know in the Markets Via: @BrianSozzi With cannabis stock valuations well off their record highs, Aurora's (ACBFF) $2.5 billion deal to buy MedReleaf Corp. is unlikely the last in the space this year.TheStreet's sister publication, The Deal, first reported Monday after noon that Paul Singer's Elliott Management is liquidating or has liquidated its position in Taubman Cente...Read More
Investing.com - Gold prices fell to one week lows on Tuesday as rising U.S. Treasury yields dampened investor demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.60 or 0.58% to $1,310.60 a troy ounce by 03:59 AM ET (07:59 AM GMT), the lowest since May 8.The yellow metal slid as the yield on 10-year U.S. Treasury notes...Read More
CloseGain/LossGold $1290.40-$2.10Silver$16.37+$0.09XAU81.93+0.20%HUI177.77-0.11%GDM622.01-0.19%JSE Gold1016.71-24.50USD93.40+0.16Euro118.04-0.42Yen90.83+0.05Oil$71.49+$0.1810-Year3.097%+0.025T-Bond140.90625-0.15625Dow24768.93+0.25%Nasdaq7398.30+0.63%S&P2722.46+0.41% The Metals: Gold gained $4.30 to $1296.80 in Asia before it dropped back to $1286.50 in London and then bou...Read More
The comments below are an edited and abridged synopsis of an article by Lance RobertsCurrently, 75.4 million baby boomers in America-about 26% of the US population-have reached, or will reach, retirement age by 2030. Unfortunately, the majority of these individuals are woefully under-saved for retirement and are hoping for compounded annual rates of return to bail them out.It isn't going to happen...Read More
01:00 What is the most contrary investment opportunity going?03:40 China's growing middle class and digital future09:10 How important are dividends to investors?10:40 Who picks up the pieces after the next economic meltdown?18:10 US debt action plan26:00 Teaching the next generation to become investorsJim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a...Read More
After an epic (generation-spanning at the long end) decline in interest rates, the trend has finally reversed. Which means, if history is still a reliable guide, there's a number that ends this cycle and ushers in the next recession and equities bear market. But what is it?Here's a chart (from MishTalk via Crescat Capital) that shows the relationship between short term interest rates and economi...Read More
The comments below are an edited and abridged synopsis of an article by SRSRoccoThe housing market is heading for another epic bubble. However, the bubble forming today is different than the meltdown in 2007. Then, there was an oversupply of homes; today there is a shortage. With more buyers than sellers bidding up prices, the US median home price value hit a new record high at the end of 2017, an...Read More
Danielle DiMartino Booth spoke to a group of Brussels Parliamentarians as she discussed quantitative easing efforts. She sat down with Bart to discuss this and more. Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic n...Read More
On May 1st, we knew that the precious metals sector was starting a 2-week rally based on cyclical turning points, apex-based reversals, and True Seasonality for May. The rally is over, the profits cashed in... And growing once again thanks to the new short position. What's in store for the rest of the month and the next few ones? Something epic. Let's start todays' analysis with the two most im...Read More
The release of infill drilling results at a Nevada gold project shows continuing resource potential. GSV Project LocationsGold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) recently announced results from its 2018 infill drilling program at the Dark Star oxide gold deposit. Some 4,605 meters of infill drilling have been achieved at this site in 28 holes. This phase of drilling was completed in mi...Read More
The comments below are an edited and abridged synopsis of an article by Tyler DurdenWe have warning words from another billionaire hedge fund manager as expectations of further market disruptions loom.After the largest hedge fund in the world shifted to a net short equities position (Ray Dalio's Bridgewater), Dan Loeb's Third Point dramatically increased its short bets. Billionaire Loeb wrote in h...Read More
By Axel MerkAs part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value...Read More