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
PG has rallied hard of its early May lowsThe shares of Procter & Gamble Co (NYSE:PG) are up 0.9% in electronic trading, set to open near a new record high after BofA-Merrill Lynch upgraded the Dow component to "buy" from "neutral." The brokerage firm also lifted its PG price target to $108 from $95 -- a 14% premium to last night's close at $94.03 -- with the analyst in coverage waxing optimistical...Read More
Fewmarkets are as depressed – and, as many analysts argue, suppressed – as silver.Prices for the white metal continue to languish in a low-level trading rangeamidst lackluster demand.Theupshot for investors is that they can nowobtain silver bullion at both a low spot priceand a low premium above spot.Howlong this buyer’s market will is unknowable last. But given silver’sman...Read More
U.S. import prices fell by the most in three years last monthDow Jones Industrial Average (DJIA) futures are trading above fair value this morning, as markets look to extend this week's modestly bullish momentum. Today, attention shifts from U.S.-China trade relations to economic data ahead of next week's December Fed meeting. While weekly jobless claims closed in on a 49-year low-- falling 27,000...Read More
These two retail stocks are set for sharp lossesThe shares of apparel retailers Tailored Brands Inc (NYSE:TLRD) and Oxford Industries Inc (NYSE:OXM) are set for major losses today after the companies' quarterly reports. TLRD stock, for example, is on pace to sink a stunning 25.3% at the open, which would put it at a fresh 52-week low. The price weakness is a result of the Men's Wearhouse parent's...Read More
Previously, I have shown how we could beclose to major financial crisis with the monetary system at the center. Thefollowing chart that shows the ratio of gold to the monetary base was used:The chart shows the ratio of the gold price to the St. LouisAdjusted Monetary Base back to 1918. That is the gold price in US dollarsdivided by the St. Louis Adjusted Monetary Base in billions of US dollars.(fr...Read More
CloseGain/LossGold $1242.90-$3.00Silver$14.77+$0.03XAU68.75+0.17%HUI156.67-0.06%GDM568.86+0.18%JSE Gold1298.65+25.20USD97.07+0.05Euro113.64-0.02Yen88.03-0.31Oil$52.58+$1.4310-Year2.909%-0.005T-Bond143.15625-0.09375Dow24597.38+0.29%Nasdaq7070.33-0.39%S&P2650.54-0.02% The Metals: Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then...Read More
Dear Friend of GATA and Gold:The U.S. Commodity Futures Trading Commission has refused to reply to or even to acknowledge GATA's questions about manipulation of the gold and silver futures markets that are purportedly regulated by the commission.By letters in July and September, GATA asked the commission to explain the explosion in the use of the "exchange for physicals" mechanism of settling go...Read More
By Dave KranzlerThe following is an excerpt from my December 6th issue of the Mining Stock Journal:Trumps Dilemma - The dollar index has been rising since Trump began his war on trade. But right now it's at the same 97 index level as when Trump was elected. Recall that Trump's administration pushed down starting in 2017 to stimulate exports and attempt to cut the trade deficit. The dollar fe...Read More
CRANBROOK, BC / ACCESSWIRE / December 13, 2018 / Eagle Plains Resources Ltd. (TSX-V: "EPL") has completed a tri-party agreement with Tarku Resources Ltd. (TSX-V:TKU) and Denison Mines Corp. (TSX: DML; NYSE American: DNN) whereby Denison Mines has purchased the 1,334 hectare Virgin River property which is contiguous with Denison's South Dufferin Project located immediately south of the Athabasca...Read More
By Avi GilburtIn the past, I have outlined why fundamentals look best at market highs, and worst at market lows. And, just like we normally experience, as we were soaring over 2900, I am sure many of you were convinced that this was one of the best economies we have seen in quite some time. But, we seem to have topped on those great expectations.As the market continued to chop around near the l...Read More
Although stocks have taken an unpleasant hit since early October, the market is not exactly falling apart. Let your eyes take in the big picture shown in today's chart (inset). It wouldn't be stretching things visually to say the blue chip average has spent most of the year in a consolidation, presumably biding its time until economic news turns more favorable. In the meantime, one could reasona...Read More
Zero. The US inflation rate was unchanged in November. What does the flat CPI mean for the gold market? What Happened With Inflation? The CPI was unchanged in November, following an increase of 0.3 percent in October. It was the weakest number since March 2018, when monthly inflation fell about 0.1 percent. However, the flat reading was caused by a sharp decline in the price of gasoline - t...Read More
- 'Gigantic holes in the system' warns former Fed Head- Interest rates will remain lower than they have been in past- Leveraged loans pose risks and there is unfinished regulation- "I think things have improved, but then I think there are gigantic holes in the system"- No new financial crisis in 'our lifetimes', Yellen said only last year- Editors note: Yellen should know as she and her predece...Read More
CloseGain/LossGold $1242.90-$3.00Silver$14.77+$0.03XAU68.75+0.17%HUI156.67-0.06%GDM568.86+0.18%JSE Gold1298.65+25.20USD97.07+0.05Euro113.64-0.02Yen88.03-0.31Oil$52.58+$1.4310-Year2.909%-0.005T-Bond143.15625-0.09375Dow24597.38+0.29%Nasdaq7070.33-0.39%S&P2650.54-0.02% The Metals: Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then...Read More
Dutch bank Rabobank, international trading firm Concord Resources and warehousing firm PGS are developing a blockchain trading platform for the metal repo financing business, the companies said.The parties signed a letter of intent and have already started developing the system, known as Beyond Commodities. Its goal is to drive efficiencies, traceability and transparency in metals trading - specif...Read More
Since its merger with Xstrata, Glencore - previously a trading and marketing firm - has become a mining firm whose earnings before interest, taxes, depreciation and amortization is dominated by earnings from its industrial activities. The recent appointment of Peter Freyberg as head of the company's industrial mining assets, a newly created position with oversight and responsibility for all Glenco...Read More
The European hot-rolled coil (HRC) market has remained under pressure from the traditional seasonal slowdown in demand and uncertainty over the final decision in a safeguarding case, sources told Fastmarkets this week.And high stocks and seasonal destocking mean distributors have little interest in making new deals. Having set provisional 25% tariffs for 23 steel products ...Read More
The pig iron export market in the Commonwealth of Independent States remained inactive during the week ended Thursday December 13 as buyers preferred to postpone bookings ahead of the year-end holidays.Fastmarkets' CIS export price assessment for high-manganese pig iron was unchanged at $355-360 per tonne fob Black Sea on December 13."Buyers prefer to wait until January, because [the] pig iron pri...Read More
Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month, the company's head of project evaluation, Rod Quick, stated that m...Read More
The latest news and price moves to start the Asian day on Friday December 14.London Metal Exchange base metal prices were broadly higher on Thursday December 13 due to an easing in China-US trade tensions, with the three-month zinc contract gaining ground due to historic low inventories. Read more in our live futures report.Here are how prices looked at the close of trading:The European Commi...Read More