Spot bullion gains for 8th day to the highest since SeptemberPrecious metal advanced in 2017 even as Fed hiked three timesGolden Cross for Gold a Bullish Sign, Says StreibleGold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Bullion for immediate delivery advanced 0.9 percent to...Read More
Gold prices jumped past a three-month high Tuesday, extending the bullion's best run in more than six years as investors dumped the U.S. dollar and continue to ride the global rally in metals prices. The price of gold for immediate delivery, also known as spot gold, was marked 0.63% ahead of its Friday close and changing hands at $1,311.55 an ounce by mid-day in London after hitting a Sept. 26 h...Read More
Rick Wiles is joined by Trends Journal publisher Gerald Celente, as they take a look at trends that are happening as we move forward into 2018. For more than three decades, Celente has built his reputation as a fearless teller of the truth, an accurate forecaster and an analyst whose expertise crosses many arenas, from economics to politics, from health to science, and more. Together they discuss...Read More
Stock futures indicated Wall Street would open with modest gains on Tuesday, Jan. 2, while European stocks were firmly in the red as a slumping U.S. dollar lifted the value of regional currencies and pressured equities amid firming global metals prices and renewed signs of economic strengthening. Early indications suggested stocks would continue their record run early into the new year as f...Read More
The U.S. dollar extended its worst year since 2003 in early European trading Tuesday as investors shunned the greenback in favor of rival currencies amid diverging bets on growth rates in the coming year that could mean big changes for global stocks. The dollar index, which benchmarks the greenback against a basket of six global currencies, was marked 0.3% lower from its New Year's Eve clo...Read More
Barrick Gold is one of the largest gold producers in the world with 1.243 Moz of gold produced in 3Q'17. The company forecasts gold production of ~5.4 Moz/2017.Acacia Mining in Tanzania: A lingering subject of concern for Barrick that will remain in 2018.ABX offers a good opportunity and seems undervalued as it enters 2018 while it is not totally "risk free." It is perhaps the right...Read More
The company maintained an ambitious level of capital expenditures in 2017.Strong leverage metrics support capital.The company delivers consistent production and reducing cost at South Deep mine project. Investment Thesis Headquartered in Johannesburg, South Africa, Gold Fields Ltd (NYSE:GFI) holds gold reserves in Ghana, Australia, South Africa and Peru. It is also engaged in other related activit...Read More
Spot bullion gains for 8th day to the highest since SeptemberPrecious metal advanced in 2017 even as Fed hiked three timesGolden Cross for Gold a Bullish Sign, Says StreibleGold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Bullion for immediate delivery advanced 0.9 percent to...Read More
The S&P 500 delivered returns just shy of 20% in 2017.The Nasdaq gained more than 28%, with household name tech stocks like Facebook, Netflix, and Amazon leading the way higher. Each of these plays boasts 2017 gains of more than 50%.But the cryptocurrency space tops them all. Bitcoin launched to ridiculous 12-month gains of more than 1,300% - even after retreating more than $5,000 from its Dec...Read More
Happy New Year!It's time to welcome in a brand new trading season. As a 25-year trading floor veteran I know what that means...Everyone, and I mean EVERYONE always wants to know what I'm hearing on the floor. People want to know the must-have stocks for 2018...and the must-follow sectors.So I'll cut to the chase and spill the beans right here. Consider this your 2018 "insiders" trade briefing...If...Read More
Dear Reader,An out-of-town visitor, ears a-perk and eyes a-pop, signs onto a bus tour of New York City…The tour concludes at the downtown waterfront, just down the holler from the Financial District.The nautical estates of the 1% bob in the easy swells off Lower Manhattan.“Here are the yachts of our bankers and stockbrokers,” gloats the tour guide, beaming with local pride.Then c...Read More
Happy New Year!Time to welcome in a brand new trading season!As a 25-year trading floor veteran I know what that means...Everyone... and I mean EVERYONE always wants to know what I'm hearing on the floor. People want to know the must-have stocks for 2018...and the must-follow sectors.So I'll cut to the chase and spill the beans right here. Consider this your 2018 "insiders" trade briefing...If we...Read More
Happy New Year!Today is the first time in 2018 that the stock market is open and here are the 5 most important things you need to know to start your year off right.Marijuana Goes Mainstream – On Monday, January 1st, a California law allowing the broad use of recreational marijuana officially went into effect. As of yesterday, anyone 21 and older can now purchase marijuana at licensed retaile...Read More
Jan 03, 2018 Guest(s): Scott Gamm TheStreet.com Year 2017 saw the S&P 500 gain nearly 20%, the best performance since 2013, and some strategists expect the New Year to yield further growth in the broad equity markets. Kitco News' Daniela Cambone is joined by The Street's Scott Gamm to discuss bank analysts' expectations for U.S. stock markets in 2018. "Bank of America Merrill Lynch, J.P. Mor...Read More
CloseGain/LossGold $1314.90-$3.30Silver$17.14-$0.03XAU87.08-1.19%HUI197.35-0.63%GDM660.98-0.75%JSE Gold1338.73+21.37USD92.18+0.32Euro120.12-0.53Yen88.97-0.15Oil$61.63+$1.2610-Year2.440%-0.018T-Bond152.28125+0.53125Dow24922.68+0.40%Nasdaq7065.53+0.84%S&P2713.06+0.64% The Metals: Gold dropped $6.40 to $1311.80 in Asia before it rallied to $1317.80 in London and then fell back to a new sessio...Read More
Gold moved visibly higher during the first session of the year and this time mining stocks accompanied it. In fact, it seems that they are back on the track after a short pause. What's the likely reason behind this year's rally and what does it imply going forward?Let's jump right into the mining stock charts (chart courtesy of http://stockcharts.com). Gold stocks indeed broke above the rising...Read More
By Rory HallIf one is interested in picking up some numismatic coins that have the potential to carry some heavy premiums in the years to come 2017 could be one the years to add to your stack. Not all coins produced during 2017 will command high premiums in the future, and maybe not a single one will, but if one looks through the offerings at the US Mint, Perth Mint and Royal Canadian Mint I kno...Read More
Click Here to Listen to the InterviewHead of The Morgan Report, David Morgan rejoins the show with comments on Bitcoin, Altcoins and the PMs sector.Contrary to the mainstream opinion, BTC and Altcoins are here to stay; digital currency represents a decentralized alternative to antiquated fiat money.While the uninitiated complain about the energy consumption of BTC mining, the cognoscente understan...Read More
Join Mike Maloney for his latest report on what he expects for 2018. Bitcoin, stocks, gold, and silver are all covered in this in-depth look at today's financial climate...strap in because this is not going to be pretty - unless you are precious metals or crypto investor.If you enjoyed watching this video, be sure to pick up a free copy of Mike's bestselling book, Guide to Investing in Gold & Si...Read More
The pattern shift first noticed the end of September is now in it's 13th week. BofA Merrill Lynch confirms the shift with 11 out of their 19 bear market signals being triggered. Are the Feds ready?Tax law changes and repatriation provides fuel to push stock and bond markets higher. Of course, there are some positive changes for individuals that should put more money in their pockets and (hopefully...Read More