Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.After...Read More
During calendar year 2017, the Cboe Volatility Index (VIX) averaged a daily reading of 11.09 -- considerably lower than its daily average of 14.40 over the period from January 2013 to December 2017. However, through the first two months of 2018, VIX averaged a daily reading of 16.48 -- about 14% above its aforementioned five-year average.The response from options traders to the recent VIX ramp mig...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More
Democratic Republic of Congo President Joseph Kabila's plan to discuss proposed changes to mining royalties with mining company representatives on Tuesday was postponed by a day, a government minister said.No reason was given for the decision to delay the meeting."It will be tomorrow before noon," Mines Minister Martin Kabwelulu said in a text message.Top executives from eight international mining...Read More
VANCOUVER, March 5, 2018 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp") is pleased to announce that Acoustic Zoom is the winner of #DisruptMining 2018, the innovation accelerator designed to encourage new technologies and ideas to solve some of the biggest challenges in mining. Acoustic Zoom impressed the judges with their ultra high-frequency 3D drill hole seismic imaging and earned the op...Read More
Ryan urges Trump to reconsider tariffs; West Texas crude gainsLoonie declines; Italian assets drop on inconclusive electionRupert Watson, head of asset allocation at Mercer, discusses possible market contagion in equities and bonds.U.S. stocks rose with the dollar, while Treasuries fell as signs mounted that President Donald Trump’s tough tariff talk may not translate into the most severe p...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Prior to Monday, the Dow Jones Industrial Average has closed lower for four consecutive sessions.Even with its gains on Monday, the Dow remains more than 1,700 points below its all-time high set on Jan. 26.The S&P 500 remains more than 150 points below its all-time high, also reached on Jan. 26. Wall Street Overview Stocks posted solid ga...Read More
3 Things to Know About Markets Right Now The S&P 500 is now flat on the year.The S&P 500 is also flat dating back to when the tax reform act was enacted on Dec. 22.Asian shares are down for five straight days. Market Snapshot U.S. equity futures weakend Monday, while European stocks extended gains, as global investor concern over an impending trade war eased and governmen...Read More
As a masochist - and someone who believes in knowing exactly how bad things can get - I do my own taxes every year.Since I'm in the process of getting all of my 2017 paperwork together right now, and you might be as well, I thought this is a good time to go over the way different types of dividends get treated.Obviously, there's no way I can cover the entire subject in one short article. And this...Read More
The coming credit crisis in China is no secret.China has $1 trillion or more in bad debts waiting to explode. These bad debts permeate the economy.Some are incurred by Chinese provincial authorities trying to get around spending limitations imposed by Beijing. Some are straight commercial loans on bank balance sheets. Some are external dollar-denominated debts owed to foreign creditors.The most da...Read More
Anbang Insurance Group is one of China's largest and most aggressive financial institutions. It is known for its huge customer base, high leverage, and fast-paced deal making.At least it was until the Friday before last.That's when Anbang was taken over by the Communist Chinese government. You can call that takeover, "a bailout with Chinese characteristics."Today, Anbang is a financially distresse...Read More
Rest in peace, passive investors... I can’t say I’m sad to see you leave.For years, these investors have ruled the markets. They’ve pushed stocks of any type, any quality, any size, and any industry higher.They’ve made a mockery out of our financial system. And they’ve championed the “average” and “mundane” while failing to put any effort into...Read More
Traders and investors are scrambling to adapt to the "new normal" now that volatility has found its way back into the markets.Thanks to the internet, you can find countless forums and message boards filled with anonymous mouth-breathers who are ready to spout their unprofessional opinion on whatever topic you ask.But advice from so-called "professionals" in the mainstream financial media is someti...Read More
I am buying NUGT as a hedge against my portfolio.Rising inflation is pressuring bonds and stocks lower.NUGT could see price gains amid current market volatility.With gold prices looking strong amid an uncertain macroeconomic environment, adding long exposure to Direxion Daily Gold Miners Bull 3X ETF (NUGT) could be an attractive play going forward. Gold prices have held up well the last few months...Read More
Bob Moriarty ArchivesMar 06, 2018There are websites that offer short tests that claim to tell you if you might qualify for Mensa. That's the group for the top 2% of people in IQ. I've never bothered taking the tests. I didn't need to.When I went through Marine Corps Boot Camp in the fall of 1964 all recruits had to take a general intelligence test called the GCT. My score qualified me for Mensa. I...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMar 6, 2018Gold is showing solid rallies from my $1310 area buy zone (basis April futures). From both a love trade and fear trade perspective, the fundamental picture is becoming more positive.Pleaseclick here now. I’ve repeatedly highlighted the fact that while America has the worl...Read More
CloseGain/LossGold $1333.70+$14.10Silver$16.74+$0.31XAU80.80+2.15%HUI177.86+2.01%GDM615.99+2.08%JSE Gold1140.09+31.92USD89.62-0.38Euro124.10+0.74Yen94.26+0.01Oil$62.60+$0.0310-Year2.884%UNCHT-Bond144.1875+0.0625Dow24884.12+0.04%Nasdaq7372.01+0.56%S&P2728.12+0.26% The Metals: Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lower into the close,...Read More
Trump tariff or no tariff, Ron Paul warns a 'calamity' will hit stocks from CNBC.The situation facing stocks may appear more ominous with the addition of President Donald Trump's tariff threat. But libertarian Ron Paul suggests Wall Street is missing the bigger picture.The real trouble stems from Federal Reserve policy and easy money, according to the former presidential candidate. Read More
Chris Martenson from Peak Prosperity tells Silver Doctors the Fed may not be able to control a future crash.Martenson says the recent stock market correction nearly collapsed the system, and he suspects it was only saved by officials stepping in and buying the market. He explains why it appears someone is manipulating the markets, suppressing volatility. In the future, will officials be able to pr...Read More