When we left off last week, we portrayed an economy that was starting to run out of steam. It appears that there's a waive of retirees just waiting to overrun Social Security and Medicare. John believes that the government will simply inflate its way out of the mess and hope for the best. But will it work? And let's not forget the other silver tsunami, namely the shiny metal kind. It's been tradin...Read More
Gabriel Gonzalez, an analyst with Echelon Wealth Partners, discussed one of this company's projects, relaying the latest permitting development and impressions from a site visit. In an April 24 research note, analyst Gabriel Gonzalez with Echelon Wealth Partners reported that First Mining Gold Corp. (FF:TSX) began the provincial environmental assessment and permitting process for its Springpole a...Read More
By Gary TanashianWith gold testing its 200 day moving average this morning I thought I'd reproduce the first part of the precious metals segment from week's Notes From the Rabbit Hole (NFTRH 497), including a daily chart of gold at the end showing the anticipated SMA 200 test.[edit] Steve Saville updates gold's 'true fundamentals' here. Notice at the end what is not considered fundamentally mate...Read More
CloseGain/LossGold $1314.70-$8.90Silver$16.31-$0.21XAU81.15-2.15%HUI178.47-1.96%GDM622.44-1.81%JSE Gold1104.60+8.93USD91.85+0.34Euro120.84-0.44Yen91.58-0.17Oil$68.47+$0.4710-Year2.935%-0.024T-Bond143.53125+0.34375Dow24163.15-0.61%Nasdaq7066.27-0.75%S&P2648.05-0.82% The Metals: Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close a...Read More
TheUSD Index reversed in a quite clear way on Friday and gold rallied. It lookedlike a great bullish combination for the precious metals sector, but was itreally one? Gold moved higher on volume that was lowest since the beginning ofthe year and this means that Friday’s rally shouldn’t be taken at its facevalue, but instead it should be closely inspected. Moreover, silver just didwhat...Read More
Ralph Profiti, an Eight Capital analyst, reviewed this producer's Q1/18 financials and revised outlook. In an April 25 research note, analyst Ralph Profiti reported that Eight Capital lowered its price target on Freeport-McMoRan Inc. (FCX:NYSE) to $20 from $23 following its "slight miss" on Q1/18 results and reduction in both sales and production guidance for the next few years. The company's cur...Read More
By Frank HolmesStrengths? The best performing metal this week was gold, down 0.92 percent. This week was fairly negative for gold as the dollar held strong and the 10-year Treasury yield reached its highest since 2014 to 3 percent. A new use of blockchain technology will allow jewelers to track diamonds and gold from where they were mined to where they will be sold in retail. F...Read More
Bob Moriarty of 321 Gold profiles a mining explorer that is switching gears. Niobium strips Photo credit: Mauro Cateb, flickrThere are hundreds of junior resource companies in Vancouver and Toronto that have had the devil's own time trying to get traction since the high water mark for the metals in 2011. I believe we had a major bottom in December/January of 2016 but many companies have yet to se...Read More
By Keith WeinerA reader asked us this week about the personal savings rate. Most people can sense that something is wrong if the rate is in a long-term falling trend, or if it falls too low (whatever level that may be). We argue that falling savings is part of the larger process of capital destruction. And unfortunately, one should expect falling savings rates when there is falling yield purchas...Read More
It was music to gold bug ears. We’ve all heard the seemingly shocking or outrageous price targets for Gold. So it’s not new.But this time from a non gold pusher. Someone with credibility in the larger financial world and a track record to boot. Gundlach’s comment was included in every piece of Gold literature that recently crossed my desk. No doubt, if Gold starts breaking to the...Read More
CloseGain/LossGold $1314.70-$8.90Silver$16.31-$0.21XAU81.15-2.15%HUI178.47-1.96%GDM622.44-1.81%JSE Gold1104.60+8.93USD91.85+0.34Euro120.84-0.44Yen91.58-0.17Oil$68.47+$0.4710-Year2.935%-0.024T-Bond143.53125+0.34375Dow24163.15-0.61%Nasdaq7066.27-0.75%S&P2648.05-0.82% The Metals: Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close a...Read More
CloseGain/LossGold $1314.70-$8.90Silver$16.31-$0.21XAU81.15-2.15%HUI178.47-1.96%GDM622.44-1.81%JSE Gold1104.60+8.93USD91.85+0.34Euro120.84-0.44Yen91.58-0.17Oil$68.47+$0.4710-Year2.935%-0.024T-Bond143.53125+0.34375Dow24163.15-0.61%Nasdaq7066.27-0.75%S&P2648.05-0.82% The Metals: Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close a...Read More
By Avi GilburtAs the market continues to whipsaw market participants, it has certainly left many of you scratching your head.As each day goes by, it offers me another opportunity to chuckle when I see so many attempts by pundits to try to explain what latest news events cause each whipsaw. And when they try to fit their square pegs into round holes, or, when they don't have any pegs at all when...Read More
Full Article: The Metals Manipulators Are Being ManipulatedBy: Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur i...Read More
"Today, I'm here to tell you one thing: Iran lied.""That's like five Hiroshima bombs to be put on ballistic missiles," Netanyahu said.Continue...Read More
Over and over again, the following statement or something similar continues to find its way into commentary about gold:“…prospects of higher US interest rates have the ability to limit upside gains. It must be kept in mind that Gold is a zero-yielding asset that tends to lose its allure in a high-interest rate environment” A variation of that statement:“Because gold...Read More
COLORADO SPRINGS, CO, April 30, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its 2018 first quarter earnings conference call scheduled for Wednesday, May 2, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned...Read More
The USD Index reversed in a quite clear way on Friday and gold rallied. It looked like a great bullish combination for the precious metals sector, but was it really one? Gold moved higher on volume that was the lowest since the beginning of the year and this means that Friday's rally shouldn't be taken at its face value, but instead it should be closely inspected. Moreover, silver just did what...Read More
The final week of April was outstanding for the cryptocurrency market, with Bitcoin increasing in value after a sharp decline over the past few months. There have been a number of positive developments - from Nasdaq CEO endorsing cryptocurrencies to the exponential increase in the sales of Ripple XRP currency. Here is a recap of all the noteworthy developments in the cryptocurrency industry from l...Read More
Full Article: SWOT Analysis: Gold Traders at Their Most Bullish in a YearBy: Frank HolmesStrengthsThe best performing metal this week was palladium, up 9.16 percent on concerns new Russian sanctions announced at the start of week could disrupt supplies. Gold traders and analysts are at their most bullish on the gold price in a year, according to the weekly Bloomberg survey. Gold ETFs saw holdings...Read More