Gold is once again trading into lows. Dedicated gold buyers are struggling to develop momentum to get Gold climbing out of 2018's consolidation trap. Gold is fumbling along the bottom near 1,320.00 after dipping lower yesterday. US Treasury yields continue to advance, and the 10-year Treasury has broken over the key 3% yield mark, sending the precious metal back into familiar lows that have...Read More
April 26 (Reuters) -* China's net gold imports via main conduit Hong Kong rose78.67percent in March from the previous month, data showed onThursday. * The imports via Hong Kong by the world's top consumer ofthemetal rose to 59.4 tonnes in March from 33.25 tonnes inFebruary, according to data emailed to Reuters by the Hong KongCensus and Statistics Department. * Total gold imports via Hong Kong als...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher after closing lower for five straight sessions. Boeing rose 4% after reporting better-than-expected quarterly earnings.Twitter fell 1.9% even after posting earnings that beat analysts' estimates. Wall Street Overview Stocks fluctuated on Wednesday, April 25, following stronger-than-ex...Read More
SHANGHAI, Apr 26 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US treasury yields continued their upward movement, the US dollar index hit a three-month high and closed at 91.25 overnight.Base metals performed weakly under pressure. LME and SHFE zinc tumbled over 2% as LME inventories jumped 15.5%. SHFE aluminium and tin inched up b...Read More
Gold companies have historically traded at very high premiums compared to your average stock.The current valuations of these gold mining stocks are far below where they were 10-15 years ago.The chart of GDXJ shows that gold miners are on the verge of a return to those premium valuations.When I first began to heavily research the gold and silver mining sector back in 2003-2004, one of the things I...Read More
Kirkland Lake Gold just finished a phenomenal year production-, exploration- and financial-wise - and was the top performing stock on the TSX in 2017.However, Kirkland is on the verge of an incremental jump in production and cash flow late this year with the stoping of the Fosterville's Swan zone.Kirkland is on its way to realizing a free cash flow yield in the low-teens in 2019.Kirkland could...Read More
Max Keiser: "Bitcoin is a black hole sucking in money from around the globe." Danielle DiMartino Booth: "The Fed's errors could implode the economy." Jeff Clark: "Gold and silver are ready to break out." Emigrate While You Still CanRead More
CloseGain/LossGold $1317.50-$5.60Silver$16.52-$0.04XAU82.52+0.07%HUI180.53-0.17%GDM630.18+0.33%JSE Gold1095.67+0.56USD91.59+0.39Euro121.06-0.68Yen91.60+0.07Oil$68.19+$0.1410-Year2.982%-0.044T-Bond142.46875+0.71875Dow24322.34+0.99%Nasdaq7118.68+1.64%S&P2666.94+1.04% The Metals: Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close,...Read More
David Morgan says the U.S. stock market is in a downtrend. A waterfall decline is possible. Gold and silver are still in consolidation. However, the gold/silver ratio is coming down. And both metals continue to make higher lows. Morgan expects a move to the upside.Is silver in a deficit? This depends on your definition of "deficit." The truth is, the above ground inventory of silver is growing.Mor...Read More
COLORADO SPRINGS, CO, April 26, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for April 2018 payable on May 23, 2018 to shareholders of record as of May 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico a...Read More
Gold thoughts and points NAPOLEON BONAPARTE... Napoleon Bonaparte once advised to "never interfere with an enemy when he is making a mistake." Some gold companies' shareholders may now be making serious mistakes by selling shares in stocks that they have lost patience with; ye...Read More
US facing anemic growth...Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
Bob Moriarty of 321 Gold discusses a miner with projects in Nova Scotia and Newfoundland that has made a bid for a neighbor.When I was a kid my baseball heroes were Mickey Mantle and Roger Maris. At the age of fourteen, I was eighty pounds soaking wet so the only thing I played well was the radio. I used to have to run around in the shower to get wet. Year after year Maris and Mantle would go back...Read More
Source: Jack Chan for Streetwise Reports 04/26/2018 Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver remain in place. --> Our proprietary cycle indicator is up.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 gold sector is...Read More
Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver remain in place. Our proprietary cycle indicator is up.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 gold sector is on a short-term buy signal. Short-term signals can last for day...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
Source: Clive Maund for Streetwise Reports 04/25/2018 Technical analyst Clive Maund discusses the trend of earnings relative to stock market cycles. -->Decades ago, the famous market analyst Joseph Granville stated that "there is more maintained stupidity in this business than probably in any other business in the world," referring to the stock market. He was right, except that the governme...Read More
CloseGain/LossGold $1317.50-$5.60Silver$16.52-$0.04XAU82.52+0.07%HUI180.53-0.17%GDM630.18+0.33%JSE Gold1095.67+0.56USD91.59+0.39Euro121.06-0.68Yen91.60+0.07Oil$68.19+$0.1410-Year2.982%-0.044T-Bond142.46875+0.71875Dow24322.34+0.99%Nasdaq7118.68+1.64%S&P2666.94+1.04% The Metals: Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close,...Read More
A Canadian silver mining company releases its 2017 financials and news on what is the highest-grade undeveloped asset in the world. MAG's Juanicipio JV ProjectMAG Silver Corp. (MAG:TSX; MAG:NYSE.American), a Canada-based silver mining company, released its 2017 financials late Q1 2018. In a recent report, the company says it has "cash and cash equivalents totaling US$160.4 million as at December...Read More
It’s the modern gold rush. Around the world, the most sought-after mineral isn’t a precious metal, nor is it oil and gas…it’s lithium.Lithium, or “white petroleum” as some call it, has become a crucial element in today’s high-tech economy.Demand for lithium is soaring, and producers are frantically searching for new sources of supply. Prices have doubled...Read More