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
"There should be no billionaires. We are going to tax their extreme wealth and invest in working people...Billionaires should not exist."Continue...Read More
Negative interest rates in Europe and Japan are pressuring rates lower in the U.S. and providing a floor under goldContinue...Read More
Ian discusses his previous experience working with Rob McEwen at Goldcorp and then McEwen Mining. That experience taught him to be open and willing to question your assumptions that drive the business. Alternative ideas may be out of your comfort zone, but they are often better. Investors should watch for more trade disputes and problems in China. However, the most significant driver for gold will...Read More
China's domestic rebar prices continued their upward on Tuesday September 24 amid sustained bullishness. Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($521-525) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,590-3,630 yuan per tonne, up 20 yuan per tonneShort-term production restrictions in Hebei province's Tangshan city and in Shandong province continued to provide support to s...Read More
Steelmaking restrictions planned for China's northern region - where the concentration of mills are the highest in the country - during the autumn-winter period appear to be looser this year compared with the corresponding period of last year.While no official guidelines have emerged, a draft of measures to control air pollution in 28 cities in the region during the October-March period has been c...Read More
The intercept, which encounters copper association at depth, extends the mineralized zone. Tudor Gold Inc. (TUD:TSX.V) announced in a news release that the drill bit encountered the largest interval of gold mineralization to date at its flagship Treaty Creek property in British Columbia's Golden Triangle.The specific intercept was 1,081.5 meters (1,081.5m) of gold averaging 0.589 grams per ton (0...Read More
Technical analyst Clive Maund charts this copper and gold stock that is exploring a project in British Columbia that he rates an "immediate buy." Libero's Big RedLibero Copper and Gold Corp. (LBC:TSX.V:, LBCMF:OTCQB) is looking attractive here. The fundamentals for the company are believed to be positive, and it announced a sizeable gold discovery early this month at Big Red, which caused the pri...Read More
Precious metals expert Michael Ballanger dissects the recent Federal Reserve injection of liquidity into the market and contemplates what could be behind it. Ill winds mark its fearsome flight, And autumn branches creak with fright. The landscape turns to ashen crumbs, When something wicked this way comes... (Ray Bradbury)There is a certain maneuver in military strategy that involves the act of c...Read More
High grades and a new envelope of mineralization are among the results. Benchmark Metals Inc. (BNCH:TSX.V; CYRTF:OTCQB) reported in a news release results from the first hole drilled in the Amethyst Gold Breccia (AGB) zone at its Lawyers project in British Columbia's Golden Triangle.This maiden hole was the first drilled at the AGB zone in 27 years, since the past-producing Lawyers gold-silver mi...Read More
Maurice Jackson of Proven and Probable interviews the CEO of this project generator about the prospects for its latest acquisition.Maurice Jackson: Joining us for conversation is Dr. John-Mark Staude, the president, director and CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden. Dr. Staude, before we delve into today's interview, please introduce us to Riverside R...Read More
The S&P 500 and Nasdaq finished with their third straight lossThe Dow fell sharply today, giving back earlier gains amid political drama at home. Well-received U.S.-China trade developments in the morning gave way to selling in the afternoon, after President Donald Trump said he "will not accept a bad [trade] deal" with China in his speech to the United Nations General Assembly. Losses accelerate...Read More
It's not just Netflix that's been getting hammeredThere's been a lot of action around media stocks lately, with investors mostly watching the huge sell-off in Netflix (NFLX) shares. However, other names in the space have also been getting pummeled, including CBS Corporation (NYSE:CBS) and Spotify Technology SA (NYSE:SPOT), both of which are trading near multi-month lows after Wells Fargo initiated...Read More
Jagged Peak Energy and Fresh Del Monte Produce were just added to the S&P SmallCap 600Stocks have erased their earlier gains on slumping oil prices today. Three stocks in particular making moves today are electric carmaker Tesla Inc (NASDAQ:TSLA), Fresh Del Monte Produce Inc (NYSE:FDP), and crude oil producer Jagged Peak Energy Inc (NYSE:JAG). Below, we'll dig into what's moving the shares of TSLA...Read More
Now is an opportune time to speculate with XLNX optionsThe shares of semiconductor stock Xilinx, Inc. (NASDAQ:XLNX) gapped lower last Friday, Sept. 20, after the company said CFO Lorenzo Florez will step down, effective after second-quarter earnings are released on Wednesday, Oct. 23. What's more, XLNX stock has a history of sinking after back-to-back Fed rate cuts, though the shares could find so...Read More
Last week, the Fed had to inject liquidity into the repo market for the first time since the Great Recession. Not once, but several times – and also commit to do more. Will such a crack in the proverbial dam let gold’s allure shine? Scramble for Liquidity Pushes Rates UpThe focus last week was on the FOMC decision to cut interest rates. But a real drama was unfolding in the background....Read More
SVB Leerink lowered its CLVS rating and slashed its price targetSVB Leerink downgraded Clovis Oncology Inc (NASDAQ:CLVS) stock to "market perform" from "outperform," and slashed its price target by $12 to $10. The analyst in coverage called CLVS' licensing deal with German radiopharmaceutical therapies firm 3B Pharmaceuticals "ill-timed given investor concerns about the company's use of cash," and...Read More
Stewart Thomson, Graceland Updates 1. Please click here now. SPDR fund (GLD-NYSE) gold tonnage roared above 900 tons yesterday, and now sits at about 908. 2. That's solid action, and I'll dare to suggest there's more coming!3. Please click here now. As the ominous month of October approaches, US stock market investors may have a new problem on their hands; a Treasury Secre...Read More
This year marked the 30th anniversary of the Denver Gold Forum (DGF), the world's most prestigious precious metal equities investment conference. The invitation-only event, held last week, was attended by an incredible seven-eighths of the world's publicly traded gold and silver companies by production, as well as leading metals and mining executives, money managers, analysts and investors.Much...Read More
By: Ira EpsteinGold is spinning around, back and forth...Read More
The shares are trading near a historically bearish trendlineAbercrombie & Fitch Co. (NYSE:ANF) stock hit a 22-month low of $13.58 on Sept. 3, on mounting U.S.-China trade worries. The retail shares rallied off this level, but are now sounding a technical signal that's preceded periods of weakness before. And with implied volatilities at historically low levels, it could be time to buy puts to bet...Read More