Australia's largest gold producer, Newcrest Mining Ltd., will invest $250 million for a stake in Lundin Gold Inc. to boost its presence in Ecuador, which is attracting a slate of mining giants hunting for major untapped metals deposits.Newcrest will take 27.1 percent of Vancouver-based Lundin Gold, which expects to bring the Fruta del Norte gold and silver mine in southeastern Ecuador into product...Read More
CloseGain/LossGold $1333.20+$3.90Silver$16.63+$0.11XAU81.27+0.92%HUI178.10+0.79%GDM620.15+0.70%JSE Gold1104.42+14.83USD89.85-0.07Euro123.20+0.21Yen93.64-0.13Oil$63.91+$0.3610-Year2.863%-0.004T-Bond144.125+0.0625Dow25709.27+1.58%Nasdaq7421.46+1.15%S&P2779.60+1.18% The Metals: Gold gained $11.50 to $1340.80 in Asia before it fell back to $1330.20 by midday in New York, but it then bounced ba...Read More
COLORADO SPRINGS, CO, Feb. 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 February 2018 payable on March 23, 2018 to shareholders of record as of March 12, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Me...Read More
The previous week was quite rich in important events. Silver rallied significantly on Wednesday and mining stocks underperformed significantly on Thursday. Gold declined significantly after moving to the previous high, but without a breakdown to new 2018 lows the situation remains tense, especially that the USD Index is fighting to break above an important support / resistance line. These signal...Read More
"The Tooth Fairy is going to save us all."Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career...Read More
By Dave KranzlerThe pension crisis is inching closer by the day. @CalPERS just voted to increase the amount cities must pay to the agency. Cities point to possible insolvency if payments keep rising but CalPERS is near insolvency itself. It may be reform or bailout soon. - Steve Westly, former California controller and CalPERS board member.1.5 MILLION RETIREES AWAIT CONGRESSIONAL FIX FOR A PENSI...Read More
As expected, the Fed has announced that it's going to be more lenient towards the inflation rate. We're not too surprised about this turn of affairs. In fact, we've been expecting it for some time. That means a slow down in rate hikes and probably a weakening dollar and lower rates than the market has been anticipating. But that's how the system works.And finally, China is abolishing term limits f...Read More
By Clint SiegnerBullion investors buy gold and silver as a matter of self-reliance. Physical metals aren't dependent upon the promises of financial institutions, governments, or other third parties.This lack of counterparty risk makes precious metals quite different from most conventional assets. There is no possibility of a default or mismanagement which renders them worthless. That is a lot mo...Read More
The most common question Mike has received lately is 'When will silver finally take off?'. In this video Mike is joined by David Morgan to give their best attempts at predicting when the metals markets might start seeing performance akin to cryptocurrencies of late.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader i...Read More
Source: Jack Chan for Streetwise Reports 02/26/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is down.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 sell signal. Short-term...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 0.11 percent as hedge funds boosted their net bullish in the metal. Gold traders are split between bullish and bearish on the yellow metal after the U.S. dollar rose this week. In the prior week traders were bullish and positive sentiment sent $529 million into the VanEck Gold Miners ETF.?...Read More
By Gary TanashianFor Notes From the Rabbit Hole bonds are not just an asset class 'throw-in' but instead are a key indicator set to the entire modern macro. Insofar as it may be time to use them for portfolio balance (I am currently long SHV, SHY, IEI & IEF), so much the better. Many could not wait to buy bonds during US ZIRP global NIRP operations, but today they pay better interest and have a...Read More
– Will digital gold provide the benefits of physical gold?– Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold – They are yet to provide the same benefits or safety as owning physical gold – National mints jumping in on the ‘sexy blockchain’ act – BOE declares bitcoin ‘not a currency;&rsqu...Read More
By BullionStarhttps://www.bullionstar.com/The rapid emergence and commercialization of blockchain technology is undoubtedly one of the key technological trends at the moment, not just within crypto currencies, but as a disruptive technology across many industries and economic functions.At a high level, a blockchain is a distributed and public digital ledger of transactions that is updated across...Read More
By Avi GilburtWhenever I write a new article on the stock market, I usually try to highlight just how ridiculous much of the commentary about the market truly is. My ultimate goal is to force you to think on your own and adopt a more intellectually honest perspective of financial markets, rather than just buying into anything you read or hear.Two weeks ago, I noted how the pundits claimed the ma...Read More
Should government employees be required to pay union fees, even if they aren't members of the union? Can you sport a "Don't Tread on Me" T-shirt to a voting Continue...Read More
Forget about normalization, the Fed is terrified.The Fed officially began Quantitative Tightening in October. To date, the Fed has shrunk its balance sheet by less than $40 billion. And already Fed officials are so spooked by stocks falling, that they're promising more QE down the road... including an implicit purchasing of stocks.To whit, on Friday, Boston Fed President Eric Rosengren stated the...Read More
Analysts disagree about which indicator is best for calling market tops, but the easiest to understand and the most tragic is probably margin debt.This is money borrowed by (usually individual or "retail") investors against their existing stocks to buy more stocks. Investors tend to do this when markets are rising and using leverage seems like an effortless way turbocharge their gains. But e...Read More
Bullion investors buy gold and silver as a matter of self-reliance. Physical metals aren't dependent upon the promises of financial institutions, governments, or other third parties.This lack of counterparty risk makes precious metals quite different from most conventional assets. There is no possibility of a default or mismanagement which renders them worthless. That is a lot more than can be sai...Read More