The shift from low to high volatility in the markets is on. And almost by default, that’ll include gold and silver, since they’re inversely correlated to stock markets most of the time.We’ve already seen this at work. The S&P 500 fell 2.2% on April 2, and in response, gold rose 1.2% and silver 1.6%. It’s more than just a daily phenomenon, though; any prolonged wave of u...Read More
LatestPrice – $1340.20Pattern – price looks to have been consolidating these pastfew months and as price rose into this consolidation pattern it should leavethe same way – up. Breaking below the low of this consolidation phase at $1303could be one area to place stops.BollingerBands – price found support three separate times at the lower band. I doubtthere will be a fourth t...Read More
(Kitco News) - With rising U.S. debt levels and tighter monetary policy, gold could quickly become the most appealing asset out there, according to one strategist.“If more borrowing is the solution, then I expect gold prices will suddenly become a most desirable asset,” said macroeconomic strategist and managing partner at Spotlight Group Stephen Pope.Gold and debt are highly correlate...Read More
April 5 (Reuters) - Gold prices fell on Thursday, after hitting a one-week high in the previous session, as the dollar steadied and equities recovered on the United States's willingness to negotiate on tariffs with China, easing fears of a full-blown trade war.FUNDAMENTALS* Spot gold was down 0.2 percent at $1,331 per ounce as of 0052 GMT, and the U.S. gold futures fell 0.4 percent to $1,335.10 an...Read More
WASHINGTON (Reuters) - President Donald Trump, unable to get the U.S. Congress or Mexico to fully fund his border wall, will post National Guard troops along the Mexican frontier, officials said on Wednesday, in a move that was likely to escalate tensions with a key U.S. ally.The Trump administration was working with the governors of four southwestern U.S. states along the border to deploy the Gua...Read More
- Civil rights leader Martin Luther King Jr. assassinated 50 years ago today- An anti-war campaigner, protesting against the damage inflicted by military operations- King was almost prophetic in his vision that wars would drive a bigger wedge between rich and poor- Foresaw the damage that would come to US in terms of costs to society and the economy- Fifty years on Western nations can learn from...Read More
(Kitco News) - The Australian government said it will invest $50 million to fund mining research, with a focus on tackling any potential future challenges the industry might face.The announcement was made by the Minister for Resources and Northern Australia Matt Canavan and Assistant Minister for Science, Jobs and Innovation Zed Seselja.The funding will be available through the Cooperative Researc...Read More
David Lawder, Michael MartinaWASHINGTON/BEIJING (Reuters) - The United States voiced willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports, but the Chinese ambassador to Washington said it "takes two to tango."(Graphic: U.S. trade in goods wi...Read More
WASHINGTON (Reuters) - The United States and China should avoid a trade war, China’s Ambassador to the United States Cui Tiankai said on Wednesday, stressing that Beijing’s preference was to resolve the dispute through negotiations.“Negotiation would still be our preference but it takes two to tango,” Cui told reporters after an hour-long meeting at the State Department wit...Read More
John Walcott, Jonathan LandayWASHINGTON (Reuters) - The United States plans to sanction Russian oligarchs this week under a law targeting Moscow for meddling in the 2016 U.S. election, sources familiar with the matter said on Wednesday, in potentially the most aggressive move so far against the country’s business elite.The action, which could affect people close to President Vladimir Putin,...Read More
It’s not about nuance, it’s not about the subtleties of trading, rather it’s about a 24-hour market in which traders witness polar opposites in terms of market direction and sentiment.Today, for example, is a clear illustration of how markets can turn on a dime and reverse course, all in the span of a single trading day. In overseas trading last night, the Dow Jones Industrial Av...Read More
White House officials tone down president's tariff rhetoricHaven demand fades on optimism U.S., China will negotiateStanhope's Bell Is Cautiously Positioned, Underweight EquitiesU.S. stocks rose for a third day as White House officials signaled that the president’s tough talk on trade won’t lead to growth-sapping tariffs. Treasuries fell and the dollar gained.The S&P 500 Index cl...Read More
An anonymous director reportsSANDSTORM GOLD ANNOUNCES FIRST QUARTER SALES NUMBERSSandstorm Gold Ltd.has sold approximately 14,650 attributable gold equivalent ounces during the first quarter of 2018; the second highest quarterly total in company history. Approximately 85 per cent of the ounces came from operations run by major and mid-tier mining companies.About Sandstorm GoldLtd.Sandstorm Gold is...Read More
Altamira Gold (TSXV: ALTA) has joined what some are calling a "staking rush" in Brazil's Juruena Belt, located in the western Mato Grosso state.By adding 52,378 hectares and increasing the company's land positioning to over 200,000 hectares in the area, Altamira mimics the strategies advanced by Anglo American (LON: AAL) and Nexa Resources, who acquired over 3 million hectares of claims back in Se...Read More
The Dow was down more than 500 points at its session lowDespite plummeting out of the gate on concerns about China's new tariffs, U.S. stocks managed to regain strength in afternoon trading, finishing the sessionin the black. The Dow was down more than 500 points at its intraday low, weighed down by a trade-war-rattled Boeing (BA) stock, but ultimately reversed to a triple-digit gain by the close....Read More
Howard SchneiderWASHINGTON (Reuters) - In attempting to punish China for its trade practices, President Donald Trump may open the door for other countries to grab U.S. market share, including Mexico and Japan, which he has also targeted with sharp trade rhetoric.According to detailed U.S. import data those nations are among the top alternate suppliers of some 1,300 product lines due to be hit with...Read More
WASHINGTON (Reuters) - China’s ambassador to the United States, Cui Tiankai, arrived at the U.S. State Department on Wednesday for talks with Acting Secretary of State John Sullivan amid a deepening U.S.-China trade dispute.Cui did not respond to reporters questions on arrival. State Department officials said the meeting had been set up before the United States announced new tariffs on Chine...Read More
WASHINGTON (Reuters) - Steve Bannon, President Donald Trump’s former chief strategist and 2016 campaign CEO, had a fiery response on Wednesday to Wall Street’s dim view of Trump’s trade actions against China.“Ask the working people in Ohio, Pennsylvania and Michigan about Wall Street. Wall Street supported and cheered on the export of their jobs. To hell with Wall Street if...Read More
David IngramSAN FRANCISCO (Reuters) - Facebook Inc (FB.O) said on Wednesday that the personal information of up to 87 million users may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media estimate of more than 50 million.Most of the 87 million people whose data was shared with Cambridge Analytica, which worked on U.S. President Donald Trump&rsq...Read More
(Reuters) - As equity markets show increasing fragility, investors are looking for any sign that selling pressure will wane. Some of those markers could be found in the charts favored by technical analysts - although they suggest investors still face considerable risk. With the S&P 500 .SPX closing on Monday below its 200-Day Moving Average for the first time since the June 2016 Brexit pa...Read More