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
Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following:Government debt will rise at an accelerating rateLike a life-long dieter who finally gives up and decides to eat himself to death, the US is now Continue...Read More
It's no secret that our Federal debt has more than doubled since the onset of the last recession in late 2007.It's gone from $10.1 trillion to $23.6 trillion. That's an 134% increase in just 11 years!Continue...Read More
The Japanese Yen just flash crashed, creating even more unease among already jittery investors. Got gold?Continue...Read More
Apple lowered its revenue estimate to $84 billion, down from its originial estimate of $89 to $93 billion Continue...Read More
When all the tribes of Israel still lived in their holy land, they practiced something called the Jubilee. According to the Book of Leviticus, the Jubilee existed because Continue...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
"The gold-to-stocks ratio is potentially bottoming from a good support level despite a resilient greenback. A declining U.S. equity marketContinue...Read More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Su...Read More
Justin's note: Yesterday, Doug Casey, Rick Rule, and Nick Giambruno showed us the massive potential of gold-backed cryptos. If you missed it, catch up here.Continue...Read More
Gold's year-end rally is pushing into 2019, with bullion advancing for a fifth straight day as equities posted fresh losses after the worst year since the financial crisis.The metal hit a six-month high nearing $1,300 an ounce, even as some daily technical indicators highlighted the potential for a reversal after recent gains. The advance came as fresh figures showed China manufacturing shrinking...Read More
It's the first day of a new era for Barrick Gold, the world's largest bullion miner, as it officially began trading Wednesday as a merged entity with Randgold Resources.From now on, Barrick's symbol on the New York Stock Exchange will be GOLD, the ticker formerly held by Randgold on NASDAQ. In Toronto, the company is keeping its ABX symbol.The $18.3 billion-deal, which gained final approval in D...Read More
China's No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada's Nevsun Resources (TSX, NYSEMKT:NSU), the biggest overseas purchase since the Beijing-backed miner went public in Hong Kong in 2003.Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder...Read More
China's domestic rebar prices fell on Wednesday January 2 after the billet market weakened over the New Year holiday. Domestic Eastern China (Shanghai): 3,700-3,750 yuan ($538-545) per tonne, down 50-60 yuan per tonneNorthern China (Beijing): 3,600-3,650 yuan per tonne, down 20-30 yuan per tonneThe price of billet dropped sharply over the past few days due to weak demand, resulting in bearish sent...Read More
"Chinese people don't attack other Chinese people. We are willing to use the greatest sincerity and expend the greatest hard work to strive for the prospect Continue...Read More
Chinese economic data continues to disappoint as we enter 2019. A trade with with the United States is having a profound impact on China's stock market and economyContinue...Read More
Stocks slid initially on signs of a cooling global economyIt was a volatile start to the new year, with the Dow exploring a 484-point trading range on both sides of breakeven. While signs of a weakening global economy got the bears going early on, bulls rushed in at midday as oil prices climbed. The price action eventually resolved to the upside, with attentionshifting to today's meeting between P...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
Hollow steel sections prices in Europe were unchanged in the first week of 2019, with many market participants still on holiday and a resulting lack of trading on Wednesday January 2.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe remained at ?,?635-650 ($728-745) per tonne delivered on Wednesday.Many traders in Europe would not...Read More
Weak Chinese data had BIDU in the red this morningThe shares of Baidu Inc (NASDAQ:BIDU) were lower in early trading, pressured by weak Chinese economic data. However, BIDU stock was last seen up 3.2% at $163.67, after the Beijing-based e-commerce concern said 2018 revenue grew on a year-over-year basis. The bullish reversal has sparked heavier-than-usual call volume, with a number of traders eyein...Read More
Domestic prices for steel beams in Europe were unchanged this week, with the majority of market participants not yet returning to work, sources said on Wednesday January 2.Fastmarkets MB's weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was flat at ?,?620-645 ($711-730) per tonne on January 2.The market was quiet this week with many market participa...Read More