* Dollar eases off 2018 peak after U.S. data * Rising U.S. Treasury yields also pressure gold * Spot gold may revisit May 1 low $1,301.51/oz -technicals (New throughout, updates prices, market activity and comments;adds second byline and NEW YORK dateline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, May 9 (Reuters) - Gold prices dipped onWednesday as safe-haven buying failed to kick in after...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, said Tuesday is buying about $38 million in Midas Gold's (TSX-V:MAX) shares, in a deal that gives the Canadian giant an almost 20%-stake in the junior as well as access to the promising Stibnite Gold project, in Idaho, US."Midas Gold's Stibnite Gold project in Idaho offers a compelling investment proposition, with low geopo...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, said Tuesday is buying about $38 million in Midas Gold's (TSX-V:MAX) shares, in a deal that gives the Canadian giant an almost 20%-stake in the junior as well as access to the promising Stibnite Gold project, in Idaho, US."Midas Gold's Stibnite Gold project in Idaho offers a compelling investment proposition, with low geopo...Read More
Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that winter drilling at its 100%-owned Courageous Lake Project has successfully identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake Deposit discovered by Seabridge in 2012. This year's drill program also found two other target zones t...Read More
The rising US dollar keeps gold under pressure. Yesterday's long-legged doji established 200-day MA as strong support. Gold (XAU/USD) is reporting a 0.30 percent decline in Asia as the greenback is solidly bid nears 4.5-month high. As of writing, the yellow metal is changing hands at $1,312/Oz and the dollar index, which tracks the value of the greenback against major currencies, is hovering...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished slightly higher on Tuesday after closing with gains for three straight sessions. U.S. benchmark West Texas Intermediate crude oil declined by 2.4%, settling at $69.06 a barrel.Comcast Corp. (CMCSA) was down 5.5% on reports it was challenging Walt Disney Co.'s (DIS) deal for Fox...Read More
As their latest earnings reports often make clear, the growth prospects of many big-name tech companies aren't just tied to user growth or the launch of compelling new products and services, but the pricing power commanded by well-established existing businesses. Here's a look at the role pricing power is playing in lifting the top lines of several well-known tech companies. Apple Apple's (AAPL)...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke the 93 level and registered a fresh, four-month high of 93.29 overnight following hawkish comments from the Federal Reserve Board chairman Jerome Powell. US President Donald Trump’s announcement to withdraw the US from the Iran nuclear de...Read More
Gold is off to a quiet start to the week on contradictory macro forces.Speculators cut massively their net long positions over April 24-May 1, the CFTC shows.ETF investors sold gold last week for the first time in 5 weeks, FastMarkets estimate.Gold-bulls enjoyed 2 good macro news. But their actual impact was rather disappointing.I made a change in my trading positioning. Time to focus on BAR - the...Read More
GORO's stock price is at 52-week highs, but I believe that this still doesn't come close to fully valuing the company.After reviewing the company and its proven and probable reserves, I calculate a minimum value of $8.16 per share.I then explain why a much more realistic valuation, one which incorporates developments from 2018, is $13.50 per share.Since the time of my previous update stres...Read More
Gold Resource reported earnings of $0.10 per share on revenue of $32.15 million compared with an earning per share of $0.08, on revenue of $24.34 million in 1Q'17.Gold Resource owns a near-term gold production in Nevada called the Isabella Pearl project, which has the potential to increase the company production by 120%.Thus, I recommend adding GORO regularly on any weakness. Image: The Aguila...Read More
CloseGain/LossGold $1311.80-$2.60Silver$16.49+$0.01XAU82.38-0.35%HUI180.27-0.50%GDM632.77+0.05%JSE Gold1090.34+12.48USD93.12+0.02Euro118.51-0.14Yen91.21-0.48Oil$71.14+$2.0810-Year3.005%+0.031T-Bond142.53125-0.84375Dow24542.54+0.75%Nasdaq7339.91+1.00%S&P2697.79+0.97% The Metals: Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York t...Read More
The comments below are an edited and abridged synopsis of an article by Frank HolmesSilver was last week's best-performing metal, up 0.14%. Gold bounced off its 200-day moving average after dropping to its lowest since December. It fluctuated after the US jobs report came out with mixed signals on low unemployment, but fewer-than-expected jobs added. The United Arab Emirates rolled back a 5% value...Read More
By Ira EpsteinGold stalls while silver rallies.https://www.iraepstein.com/Read More
The comments below are an edited and abridged synopsis of an article by Naveen KumarIndia's people have an affinity for silver and gold. Silver has been a preferred choice: There is a good market, offering fair price discovery and reasonable liquidity. But the price of silver has been range-bound for quite some time, while gold has fared better on medium- to long-term basis.India is the one of the...Read More
A while back, a writer (whose name and story details I unfortunately don't remember) was researching the credit card business and tried to figure out how card issuers decide which customers to pursue. To this end he created a series of fake personas ranging from an affluent straight-arrow who always pays her bills on time to a white-trashy guy with impulse control issues and a history of multipl...Read More
Money manager Adrian Day discusses two companies in his portfolio that have experienced strong growth over the past year, and he believes there is more ahead. Ares Capital Corp. (ARCC:NASDAQ, 16.31) saw net income catch up with the dividend following the higher share count after the American Capital acquisition at the beginning of last year. For the fourth consecutive quarter, earnings improved,...Read More
As 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 to your own...Read More
The comments below are an edited and abridged synopsis of an article by Lawrence ThomasDemand for gold is increasing, yet new discoveries of the precious metal have not kept pace. Funds for exploration are historically high: $54.3 billion, up 60% over the past 18 years.Increased spending has not produced many new gold discoveries. During the past decade, 41 discoveries have resulted in only 215.5...Read More
David Stockman explains why the current market bubbles are approaching an implosion and why the next market crash may end up collapsing the monetary system.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private...Read More