"The purchase, sale or exchange of any type or form of specie or specie legal tender shall not give rise to any tax liability of any kind."Continue...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Fund manager Adrian Day reviews recent developments at several gold and resource companies. Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE, US$9.87)is paying C$98 million for a 5% royalty on Victoria Gold Corp.'s (VIT:TSX.V) shovel-ready Eagle Gold Project in the Yukon, Canada; and buying another $50 million of stock in the company, taking its interest to 16%. Other nearby deposits are included in t...Read More
Rudi Fronk and James Anthony, the cofounders of Seabridge Gold, assess the forces behind the price of gold. Where is the gold bull market that we predicted would begin about now? Here is our broad-based overview. The financial markets continue to expect an aggressive Fed going forward with four even five rate hikes this year and a continuing shrinkage of its balance sheet (Quantitative Tightening...Read More
Mar 16, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold could drop $5 to $6 an ounce upon the Fed's announcement next week, then rebound quickly, said Peter Hug, Director of Global Trading at Kitco Metals."I am not in the camp that the Fed is going to be aggressive this year, on a four-rate [hike], increased kind of tempo, I just think there's too many headwinds out there tha...Read More
Mar 16, 2018 Guest(s): Todd 'Bubba' Horwitz Chief Market Strategist, BubbaTrading.com The Fed is likely to stay with three hikes this year, while trying to suppress the dollar from climbing higher, said Todd 'Bubba' Horwitz of bubbatrading.com."I think what [the Fed] has done here now is they've now lost control of the bond market, so interest rates are rising, and their last hope is to try to m...Read More
Mar 16, 2018 Guest(s): Wally Schumann Minister of Industry, Tourism and Investment, Northwest Territories Miners have good reason to be interested in the north, according to Wally Schumann, Minister of Industry, Tourism and Investment of the Northwest Territories.The Norwest Territories has traditionally been a gold-heavy area, but now boasts access to a diverse range of industrial metals, as we...Read More
Mar 16, 2018 Guest(s): Jorge Ganoza Fortuna Silver's CEO, Jorge Ganoza, isn't worried so much about where price of silver as much as how his company can turn a profit from current conditions. "I'm a promoter of keeping my costs low. Silver and gold prices will do what they'll do, and my work is to provide the investor with the best optionality on silver and gold," Ganoza told Kitco News on the...Read More
Mar 15, 2018 Guest(s): Vince Lanci Gold prices appear to be struggling Thursday in part because the metal is seeing little compassion from the White House's new national economic advisor, Larry Kudlow.Kudlow came out saying that that he supports a strong U.S. dollar policy noting, "I would buy King Dollar and I would sell gold." "I'm not saying the dollar has to go up 30%, I'm just saying let t...Read More
More than two weeks ago, we described thevery specific and very important pattern in the gold market, one of short- andmedium-term importance. We wrote that the triangle apex pattern based on the intradayhighs, pointed to a major reversal in the first half of March. The first halfof March ends this week, so the key question is if the pattern was invalidatedor are we about to see a major reversal i...Read More
Technical analyst Jack Chan charts energy and finds that a tradable bottom is in place. $OSX is on a major sell signal.Our proprietary cycle indicator turns up this week.New buy signalNew buy signal New buy signalNew buy signalSummaryEnergy sector is on a major sell signal. The cycle is now up, suggesting a tradable bottom is in place. We have taken some trading positions with a multi-week outlook...Read More
The ECB dropped its easing bias on Thursday. Monetaryhawks are pleased. But doves are holding tight. And what does gold do?Hawks Awakenin Frankfurt…A major change at the European Central Bank! OnThursday, it removed its long-standing pledge to increase bond buys if needed.In January we could read that statement: (…) if theoutlook becomes less favourable, or if financial conditions be...Read More
Gold has been trending higher since making the lows at 12.3.2015. From $1046.54 low, Gold rallied in 3 waves into the 7.6.2016 peak ($1375.15) and then pullback in 3 waves into the low at 12.15.2016 ($1122.81). Cycle from 12.15.2016 low has a 4 hour Bullish sequence as the yellow metal shows 5 swing sequence with a target of $1450.00. As far as Gold stays below below 7.6.2016 peak ($1375.15), ther...Read More
CALGARY, March 14, 2018 – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce it has now received complete assay results from the initial sampling program on its Manto Negro Copper Project located in Coahuila State, Mexico.The December 2017 sampling campaign was conducted as a ‘first-pass...Read More
LONDON, 14 March 2018 - Leading US finance site MarketWatch today quotes BullionVault comment and analysis on the 10th anniversary of Dollar gold prices first rising above $1,000 per ounce.With global stock markets reeling first from March 2008's near-collapse and bail-out of investment bank Bear Stearns and then from the Lehman Brothers' crash of autumn 2008, "It would take over 18 months for gol...Read More
(Kitco News) - Bitcoin’s main challenges remain regulation and lack of legitimacy, which is where gold comes in, according to one major European digital currency exchange.“Regulation provides us with more legitimacy,” Austria-based Bitpanda GmbH co-CEO Eric Demuth told Bloomberg on Monday. “We’ve wanted to be regulated, but so far have been told that we cannot be.&rdq...Read More
- Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England- Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil- Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes- Central bank gold purchases continue to be major drivers of gold market- Russian central bank gold reserves now exceed th...Read More
It seems there are buyers on dips in gold and silver as focus is on global trade wars. The US dollar has not gained significantly despite robust job creation. Today's USA session is very crucial for gold and silver and the US dollar. There can be three percent either side move anytime. Today's close will set up the trend till the FOMC meet next week. Physical buyers as well as gold and silver...Read More
Although not a fall from grace, the U.S. dollar lost further ground today in response to the departure of the U.S. Secretary of State Rex Tillerson, as well as the CPI data report. Now for the third consecutive day, the U.S. dollar has traded under pressure to close lower on the day, as well as containing a lower low and lower high than the previous session.As of 4:00 PM Eastern standard time, the...Read More
Ghana's Minister of Lands and Natural Resources, John Peter Amewu, announced that he has agreed to sign a Memorandum of Understanding with the Gold Fields workers that have been protesting over the possible layoff of 1,500 staff.The cutback is a consequence of Gold Fields' decision to hire a contractor to operate the Tarkwa mine, located in southwestern Ghana. The operation is the largest in the c...Read More