Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
SHANGHAI, Jan 8 (SMM)? 1/4 ? SMM believes LME zinc prices are likely to trade higher as the metal started 2018 with a new 10-year high at $3,375/mt. We see support from both the macro level and fundamentals.US dollar is set to stay soft in the short term despite the interest rates increases in 2017. Uncertainty over the real effect on the economy from the country’s tax reform and stronger EU...Read More
(Repeats story that ran on Monday)By Tom DalyBEIJING, Jan 8 (Reuters) - As China tightens restrictions on imports of foreign waste, Chinese metal recyclers and even smelters like Jiangxi Copper Co are increasingly looking to use Southeast Asian countries as an alternative location for the processing of copper scrap. China relies on imports for around half of its scrap copper needs but told the Wo...Read More
• Strong USD recovery prompts profit taking. • Further weighed down by risk-on mood/positive US bond yields. Gold traded with a mild negative bias for the second consecutive session on Monday and retreated further below a 3-1/2 month peak touched last week. The post-NFP US Dollar recovery kept exerting some downward pressure around dollar-denominated...Read More
(Adds details throughout and updates prices to close)* TSX closes down 31.79 points, or 0.19 percent, at 16,317.65* Materials group falls 0.7 percent* Seven of the TSX's 10 main groups end lower TORONTO, Jan 8 (Reuters) - Canada's main stock index retreated on Monday as shares of some materials and financial services companies weighed, offset by gains for marijuana producers.* The Toronto Stock...Read More
SHANGHAI, Jan 8 (SMM)? 1/4 ?Copper: LME copper fell below the 10-day moving average and is expected to stay soft at $7,090-7,140/mt today with support at $7,000/mt. The SHFE 1803 copper is expected to trade at 54,300-54,800 yuan/mt. Spot prices are expected at 20 yuan/mt discount to 30 yuan/mt premiums today.Aluminium: The support of the 10-day moving averages became weaker for LME aluminium...Read More
The following is a summary of our recent FS Insider podcast, Data and Goliath: The Hidden Battles to Capture Your Data and Control Your World, which can be accessed on our site here or on iTunes here.Quietly, we've seen the American public effectively give in to ubiquitous surveillance - not in the form of governments spying on individuals, but rather corporations collecti...Read More
Dear Fellow Star-Gazers Happy New Year and Happy Spectacular Full Moon! This Full Moon is a Super Moon (where the Moon is closest to Earth). It also aligns with the Fixed star, Sirius. That’s quite a start to 2018! The ancients suggested that those born with Sirius prominent in their chart were destined for big things and often, highly fortunate. The movement of the planets sug...Read More
Gold has had a monster rally of almost $90 over the last 19 trading days. What looked like a breakdown turned into a great buying opportunity or a short squeeze. On Thursday, gold looked like it had the final blow-off to the upside on heavy volume, making a high at $1,327.30 in the February futures. Since Thursday, gold has traded slightly lower than the high but has stayed inside a $20 range. Typ...Read More
Gold & Silver Spot Gold higher again to the next target of 1325/26 as we look for 1330/31 & 1334/35. I am concerned about severely overbought conditions but no sell signal so shorts are out of the question. Watch first support at 1316/15. Below here risks a slide to 1310/09 then a buying opportunity at 1306/04. Stop below 1300. Silver Spot key to direction is resistance at 1718/20 of cours...Read More
Investing.com - Gold prices fell on Monday as the stronger dollar weighed after Friday’s weaker-than-expected U.S. jobs report did little to alter expectations for further Federal Reserve rate hikes this year.Comex gold futures were trading at $1,317.00 a troy ounce by 03:54 AM ET (08:54 AM GMT).Prices of the precious metal were pressured lower as the dollar moved higher against a basket of...Read More
The Buritica mine construction is underway. After it's completed, it should produce 253,000 toz gold per year at an AISC below $500.The trial mining provided excellent results. The gold and silver production from the stopes was much higher than expected.An extensive drill program is underway; multiple drill targets will be tested in 2018.The Buritica project looks very good, and there are var...Read More
It may be a new year, but Russia makes no secret of its long-term dissatisfaction with U.S. politics, the dollar and, by extension, U.S. monetary hegemony in the world.Russia has been under U.S./Western economic sanctions for over three years. Meanwhile, oil prices have been "lower for longer," as the saying goes, due to global competition for market share from U.S. fracking. The overall impact of...Read More
The gold miners have had two solid years of returns in a row.Despite the strong gains over the last 2 years - and the spirited finish to 2017 - bearishness is still quite high in the gold stock complex.The final part of this consolidation is wrapping up (or has already) and this sector is about to enter Phase 2 of the bull market.This still oversold reading in the gold stocks, in combination with...Read More
Dear Reader,My readers know I'm not a bitcoin proponent. I don't deny that it's made some people a lot of money, but I believe bitcoin is a massive bubble right now.Yet it's been reported in some circles that I've recently come out in favor of bitcoin.It's not true.Now, it is true that I've stated my belief in blockchain technology, which is the technology behind bitcoin and other cryptocurrencies...Read More
Crazy volatility hit the cannabis markets last week after Attorney General Jeff Sessions shifted the Department of Justice's stance toward on pot.Previously, the DOJ was restrained by what's known as the "Cole Memo". An internal directive to not pursue cannabis companies operating legally according to state laws.When news broke that Sessions was rolling back this measure, pot stocks took a major n...Read More
Palisade ResearchJanuary 8, 2018 Category: ResearchIndia’s government just shocked the automobile and commodity marketplace.They made the ambitious move in declaring that by 2030, all vehicles sold will be Electric Vehicles (EV’s). The papers finalizing the policy could be signed by year end. . . “The government has declared that India – set to be the world's third largest...Read More
Don’t look now, but things are starting to look up for Bitcoin again!(You can be forgiven if you didn’t realize that Bitcoin was NOT looking up just a week ago.)You see, midway through December, Bitcoin lost nearly half of its value, falling from a peak near $20,000 to below $11,000 in less than a week’s time. Naturally, such a dramatic decline took a lot of the excitement out of...Read More
The market's just four trading days into 2018 and we're already witnessing some downright crazy action...The major averages have posted a perfect record so far this year. The S&P 500 is up 2.6% after 2018's opening week. The tech-heavy Nasdaq is up almost 3.4%. Meanwhile, cryptocurrencies continue to go berserk. Dogecoin, an "altcoin" that was named after an internet meme, just saw its market...Read More
Toronto, Ontario - January 8, 2018 - Amarillo Gold Corporation ("Amarillo" or the "Company") (TSX.V:AGC), is pleased to announce the appointment of Mike Mutchler as President & CEO and Director of the Company effective immediately. Rolly Uloth who has held the position as Interim CEO will continue as Executive Chairman of the Company.Mr. Mutchler, who is currently a Partner and Advisory Board...Read More
Dear Reader,More men die of jealousy than die of cancer, said Joseph Kennedy.Today, a brief reflection on that ignoble but staggeringly human emotion...It is said a man is jealous of his betters.But it is only partly true.The average man harbors no jealousy for the great man.He is not jealous of the Alexanders... the Caesars... the Napoleons of this world.These are men stamped from a finer metal.....Read More