Gold is back on the defensive yet remains within the widetrading band that has been in place all year so far, says LukmanOtunuga, research analyst atFXTM. “An aggressively appreciating dollar, expectations of higherU.S interest rates and easing geopolitical tensions are the most likelyculprits for the yellow metal’s depreciation,” the analyst says. “With thedollar expected...Read More
Mr. Christian Milau reportsEQUINOX GOLD BEGINS MINING AT AURIZONA AND RECEIVES AWARD FOR MINING EXCELLENCE IN BRAZIL Mining activities are under way in the Piaba deposit at Equinox Gold Corp.'s Aurizona gold mine in Brazil. Construction remains on track to pour gold by late 2018. All dollar amounts are in U.S. dollars unless otherwise noted. Mining activities Mining is under way to prepare for go...Read More
Taking a closer look at how individual stocks have performed relative to the SPX Market breadth hasn't been on my radar lately, but my colleague, Schaeffer's Quantitative Analyst Chris Prybal, sent me a chart recently that piqued my interest. Analyzing market breadth gives you an idea about the number of individual stocks that are doing well or not so well. Investors often look at market breadth a...Read More
South Africa's Gold Fields reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower.South Deep, the company's last South African asset, has faced numerous operational obstacles in a tough geological setting 3 km (2 miles) below the surface and made a loss of 337.6 million rand ($27 million) in...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) dove Wednesday after the company reported marked drops copper and gold production during the first quarter of the year, due mostly to lower quality ore.Miner said it had expected to begin the year with poorer grades, but would move to higher quality ores as the year went on.The miner said copper output fell by 10.5% to 153,800 tonnes compared w...Read More
Here Are 4 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell on Tuesday, down for a fifth session. That marked its longest losing streak since March 2017.Leading laggards on the Dow were 3M Co. , Caterpillar and Travelers Cos.The Nasdaq was down for a fourth day, its longest losing streak since February.The Dow is now more than 2,500 points below...Read More
Global stocks edged higher Tuesday, pulling European shares and U.S. equity futures into positive territory, even as Treasury yields continue to flirt with 3% and oil surged past $75 a barrel, ensuring inflation concerns will remain foremost in investors' minds in days and weeks ahead. Europe's Stoxx 600 index, the broadest measure of share prices, was marked 0.11% higher in the opening hour of...Read More
Despite the Gold Miners Index being flat last week, Gold Resource Corporation put up an impressive 8% weekly gain.The stock has been much stronger than the mining indexes all year, with a 20% out-performance annually so far vs. the Junior Gold Miners Index.The company has a tight share structure, no debt, and has paid over $100 million in dividends to shareholders since its inception.While the Gol...Read More
Gold is selling off on stronger dollar, higher US real rates.Speculators lifted their net long positions for the 1st time in 3 weeks over April 10-17, the CFTC shows.ETF investors keep buying gold at a steady pace, FastMarkets estimate.What's driving the negative macro environment for gold?Although some bulls may lose patience, I am not worried by the noise of the market. I stay long IAU, expectin...Read More
Investing.com - Gold prices pulled away from two-week lows on Tuesday, but struggled to make headway as a stronger dollar continued to weigh on demand for bullion.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $3.80 or 0.29% to $1,328.00 a troy ounce by 04:34 AM ET (08:34 AM GMT).Gold plumbed a two-week low of $1,323.80 on Monday and ended the day...Read More
CloseGain/LossGold $1323.10-$8.40Silver$16.56-$0.17XAU82.47-0.97%HUI180.83-0.85%GDM628.27-0.76%JSE Gold1095.11-17.72USD91.20+0.43Euro121.74-0.63Yen91.53-0.60Oil$68.05+$0.3510-Year3.026%+0.034T-Bond141.75-0.78125Dow24083.83+0.25%Nasdaq7003.74-0.05%S&P2639.40+0.18% The Metals: Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York,...Read More
David Morgan, The Morgan Report interviews Nick Barisheff, CEO of BMG Group Inc., at PDAC 2018.PDAC International Convention, Trade Show & Investors Exchange is the world's leading convention for people, companies and organizations in, or connected with, mineral exploration. In addition to meeting over 1,000 exhibitors, 3,495 investors and 25,606 attendees from 135 countries, you can also attend t...Read More
David Stockman appears on "Mornings with Maria" (Fox Business Network, Apr. 25, 2018)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 equity fund. David is the founder of David Stockman's Contra Corner, a...Read More
By Ira EpsteinMetals see no relief due to rising Dollar. http://iraepstein.com/ Read More
Price Performance from Jan 1972 - March 2018Sources: Ycharts Data Stream; poundsterlinglive.com; LBMA; BMG Group Inc.Read More
By Craig HemkeJust last week, it appeared that a general rally in commodities was underway. Gold, silver, the base metals and crude oil were all soaring. But now, less than one week later, prices are falling sharply. And why? Blame the HFTs that trade the digital derivative contracts. They've "seen" the sudden, sharp rally in the US dollar, and they've been quick to dump their metals exposure as...Read More
The comments below are an edited and abridged synopsis of an article by DollarCollapse.comPensions really are in crisis, but the story is so full of large numbers, obscure projections, and dry terms like "unfunded liabilities" that not many people are paying attention.The same is true for a lot of other big trends out there, which is why those sounding the alarm eventually settle on pithy/scary te...Read More
Dear Friend of GATA and Gold:A member of Congress this week asked the U.S. Treasury Department and Federal Reserve to come clean about government policy toward gold.The congressman, U.S. Rep. Alex X. Mooney, R-West Virginia, sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell raising issues similar to those GATA long has been raising about the U.S. gover...Read More
The comments below are an edited and abridged synopsis of an article by Lance RobertsThe CBO's budget projections confirm what the CRFB has been warning about: The current Administration has taken a path of fiscal irresponsibility that will make an already dismal fiscal situation worse.While the previous Administration was chastised for running trillion-dollar deficits, the Republicans have now de...Read More
CloseGain/LossGold $1323.10-$8.40Silver$16.56-$0.17XAU82.47-0.97%HUI180.83-0.85%GDM628.27-0.76%JSE Gold1095.11-17.72USD91.20+0.43Euro121.74-0.63Yen91.53-0.60Oil$68.05+$0.3510-Year3.026%+0.034T-Bond141.75-0.78125Dow24083.83+0.25%Nasdaq7003.74-0.05%S&P2639.40+0.18% The Metals: Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York,...Read More