OZ Minerals (ASX:OZL) said Tuesday it had received approval from the South Australian government to go ahead with the next phase of development its A$916 million (roughly $704m) Carrapateena copper-gold project.The Mining Lease and Environmental Protection and Biodiversity Conservation Act (EPBC) allows Oz Minerals to start this month phase two of construction at the project, one of the largest...Read More
OZ Minerals (ASX:OZL) said Tuesday it had received approval from the South Australian government to go ahead with the next phase of development its A$916 million (roughly $704m) Carrapateena copper-gold project.The Mining Lease and Environmental Protection and Biodiversity Conservation Act (EPBC) allows Oz Minerals to start this month phase two of construction at the project, one of the largest...Read More
Randgold Resources (LON:RSS) said Tuesday an ongoing strike by its subcontractor's workforce at Tongon gold mine in the Ivory Coast, has started to hit operations.Tongon is expected to get back to full capacity with the assistance of the authorities, although it would be a challenge to recover the lost production.As a result, the Africa-focused gold producer is now not sure the operation will a...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 entered correction territory on Monday, down 10% from its all-time high, and traded lower for the sixth time in eight sessions.The Nasdaq on Monday also fell into correction territory as stocks in the technology sector slumped. The tech-heavy index turned negative for the year. It has fallen in 11 of the past 15 sessi...Read More
Avi GilburtElliottWaveTrader.netPosted Apr 2, 2018In Chris Powell’s recent response tomy article, he has again done what GATA does best – massage the facts to fit their narrative.So, while GATA admittedly will be unable to tell you where the market is heading next, they certainly know how to spin what people say to try to explain why they have no clue where the market is going.So, in t...Read More
Jack ChanPosted Apr 2, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation at a new low and yet prices are holding firm.This is a massive bottoming pattern four years in the making, with prices currently testing resistanc...Read More
Gold experiences wild swings amid a volatile macro backdrop.Speculators turned very bullish on gold over March 20-27, the CFTC shows.But ETF investors took some profit, FastMarkets' estimates show.Elevated trade war fears set to dominate the market in near term. This is dollar-negative.I have a long position in IAU, expecting a fresh 2018 high in Q2. Source: Pinterest. Introduction Welcome to my G...Read More
Apr 03, 2018 Guest(s): Will Rhind CEO, GraniteShares Gold's momentum is likely to continue, due to renewed volatility in the stock markets, said Will Rhind, CEO of GraniteShares. "I think that [stock market volatility] is one of the major catalysts that we've been waiting for in order to see gold prices increase beyond the trading range that we've been stuck in for the last couple of months," Rh...Read More
CloseGain/LossGold $1331.70-$10.20Silver$16.42-$0.18XAU81.22-0.96%HUI175.83-1.07%GDM613.88-0.81%JSE Gold1104.87-22.52USD90.22+0.21Euro122.66-0.49Yen93.84-0.67Oil+$0.50$63.5110-Year2.785%+0.044T-Bond145.78125-0.96875Dow24033.36+1.65%Nasdaq6941.28+1.04%S&P2614.45+1.26% The Metals: Gold fell $13 to $1328.90 in late morning New York trade before it nearly halved its drop by e...Read More
By Craig HemkeThere continue to be all sorts of purported analysts out there who insist that the price of gold is determined through physical supply and demand. These folks cling to the arcane notion that somehow fundamental factors are the key determinant of the daily price. Nothing could be further from the truth. Whether it's organizations like the World Gold Council, sell-side bullion bank s...Read More
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, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Graceland UpdatesBy Stewart Thomson 1. Will this Friday's US jobs report be the catalyst that sends gold above the key $1370 resistance zone and ushers in a new era of institutional enthusiasm for gold stocks?2. Please click here now. Double click to enlarge. The US stock market suffered yet another "cardiac arrest" moment yesterday. 3. Market breadth has thinned horri...Read More
Harry Dent wanted to provide Economy & Markets readers with a mid-day update on the markets. With the wild volatility we've been seeing recently, how do we make sense what's going on in the markets? Check out what Harry has to say...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates...Read More
Dear Friend of GATA and Gold:In an essay at the Monetary Metals blog headlined "Backwardation, the Bank of England, and Falling Prices" --https://monetary-metals.com/backwardation-the-bank-of-england-and-fallin...-- the firm's vice president of operations, Bron Suchecki, offers an explanation of one of the anomalies of the gold market, backwardation (when prices for immediate or spot delivery ar...Read More
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter.Ongoing declines in Venezuela and concerns about heightened tension between the U.S. and Iran have significantly...Read More
CloseGain/LossGold $1331.70-$10.20Silver$16.42-$0.18XAU81.22-0.96%HUI175.83-1.07%GDM613.88-0.81%JSE Gold1104.87-22.52USD90.22+0.21Euro122.66-0.49Yen93.84-0.67Oil+$0.50$63.5110-Year2.785%+0.044T-Bond145.78125-0.96875Dow24033.36+1.65%Nasdaq6941.28+1.04%S&P2614.45+1.26% The Metals: Gold fell $13 to $1328.90 in late morning New York trade before it nearly halved its drop by e...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More
Tim Termuende of Eagle Plains Resources discusses the strategy behind spinning-out and spotlighting the Taiga Gold Corp. exploration projects while outlining the anticipated benefits this may have for shareholders. Eagle Plains proposes to Spin-out Taiga Gold Corp. on a 1 Taiga for 2 Eagle Plains share basis, shareholders will retain their Eagle Plains share.http://www.eagleplains.com/ Read More
The Prices Paid Index just rose for its fourth straight month to 78.1: its highest level since April 2011.Why does this matter?Because it's a MAJOR warning that inflation is coming.You see, when inflation hits, it doesn't hit all at once. Instead it rolls out into the economy in stages.The first stage occurs at the "production" level of the economy. In this stage, managers at large manufacturers/p...Read More
LatestPrice – $139.20Patterm– price looks to be generally in an uptrend with a secondary low in place witha recent test of that higher low turning price back up.Fibonacci– the higher low was just above the 88.6% retracement level which is normal forthe first correction in a new bull market as first corrections often make deepretracements while the most recent low looks to have fo...Read More