By: IRA EPSTEINGold technical update: Read More
Aluminium's three-month price on the London Metal Exchange fell by more than 1% at the close of trading on Monday April 29, reaching its lowest level since January amid fresh inflows of more than 50,000 tonnes. The light metal closed at $1,828 per tonne this afternoon, with volumes traded leading the complex, with more than 12,400 lots changing hands by the close, while open interest has climbed b...Read More
Barrian Mining's (TSXV:BARI) much anticipated launch has commenced today. As announced on April 24, 2019, the IPO raised aggregate proceeds of $2,672,400 As per their news release: Barrian is currently finalizing 2019 exploration plans at its flagship Bolo Gold Property which will include surface geochemical sampling and mapping, geophysics, and drilling. The Company will provide additional news...Read More
Here are five Fastmarkets MB stories you might have missed on Monday April 29 that are worth another look.Demand in China's silicon market is likely fall in the near term while the secondary aluminium market struggles with the impending restrictions on imports of non-ferrous scrap metal, market sources told Fastmarkets on the sidelines of Antaike's 2019 China Industry Silicon Conference in Gu...Read More
"Avengers: Endgame" pulled in a record $1.2 billion globally its first weekendDow Jones Industrial Average (DJI) futures are signaling a slightly higher start, thanks to strong gains for Walt Disney (DIS) stock, which is up 1.9% ahead of the bell after "Avengers: Endgame" pulled in a record $1.2 billion globally in its opening weekend. The upside is being contained as Boeing (BA) shares slip ahead...Read More
Short interest could help the RUT overcome round-number resistance"History suggests that a run through 2,900 and back to the September intraday high of 2,940 is imminent. Since 1950, in the 11 instances in which the SPX experienced at least a 20% decline from intraday high to intraday low, as it did in the fourth quarter, and then rallied back to within 2% of its intraday high, which occurred on F...Read More
Consider a paired trade on this sector that tends to struggle between Memorial Day and Labor DayThe following is a reprint of the market commentary from the May 2019 edition of The Option Advisor, published on April 26. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The month of April is rapidly coming to an end, a...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Gold's previous rally attempt failed due to the dollar's strength.Traders should avoid that same mistake during gold's latest rally.The dollar index needs to reverse its immediate-term uptrend line.For the first time in weeks, gold investors have reason to smile after the metal's latest rally attempt. The reversal process of gold's 10-week decline, however, has only just begun and face...Read More
Shares of Premier Gold Mines (TSX: PG) went up 7% at Monday's market open on news of a high-grade discovery at the McCoy-Cove project in Nevada. The company's market capitalization sits at C$345 million.In today's press release, the company announced the discovery of a 118.9 m thick mineralized zone grading 4.12 g/t, including a high-grade interval assaying 15.74 g/t gold across 6.1 m, in the fir...Read More
U.S. Gold Corp. appoints former U.S. Interior Secretary Ryan Zinke to the board of directors.With Zinke's help, significant progress at the Copper King project seems possible.At Keystone U.S. Gold Corp wants to prove a world class deposit.Technically the stock has been breaking out of a falling bullish wedge.After being in a downtrend for the last 13 months, the share-price of U.S. Gold Corp....Read More
The questions first-time precious metals buyers ask mostoften are "what should I buy?" and "how do I get started?"We have covered these questions many times over the years, but they are worthreconsidering from time to time. The very first rule of precious metalsinvesting is to avoid collectible coins and buy low-premium bullion(non-collectible) products instead. ...Read More
ePower Metals (TSXV: EPWR) announced that it has entered into a binding letter of intent with Minera Alamos for the assignment of the option to earn a 100% interest in the Los Reyes gold project located in the northwestern state of Sinaloa, Mexico.In a press release, the Vancouver-based miner explained that the LOI stipulates a 30-day period to enter into a definitive agreement.At present, Minera...Read More
It was a big surprise. The dovish surprise. In March, Powell doubled down on its accommodative stance. Does he know something we are not aware of?We invite you to read our today’s article about the recent Fed’s U-turn and find out whether it will support the gold prices.Three months can make a big difference! In December 2018, the Fed raised the federal funds rate and signaled another...Read More
US Gasoline prices have shot up 15% to 30% or more over the past 4 weeks as the Summer Blend hits the markets and consumers continue to stay shocked at the increase. In California, prices shot up from near $3 per gallon to over $4 a gallon over a 7-day span. Every year, when the Summer Blend of Gasoline hits the markets, we expect a price increase that is associated with this change.&n...Read More
The platinum group elements (PGEs) consist of six metallic elements found in the Periodic Table: iridium (Ir), osmium (Os), palladium (Pd), platinum (Pt), rhodium (Rh) and ruthenium (Ru). Platinum and palladium are the most well-known of the PGEs due to their industrial applications in diesel and gasoline engines. The market for palladium has become especially interesting of late, with the price o...Read More
Warehouse operator Access World has significantly increased its London Metal Exchange warehouse presence in Port Klang, Malaysia, by listing 25 new LME-registered warehouses there over the past two weeks.Nineteen Access World-owned warehouses in Port Klang were listed on Monday April 29, according to an LME notice. Six had previously been listed on April 17 in Port Klang. Before the mass listing o...Read More
Economists are good for one thing, and that is creating theories. The trouble is, those theories are often wrong. This is why economics is often called “the dismal science”. Such is the case with the latest economic soup-de-jour, Modern Monetary Theory, or MMT for short. In this article we take a deep dive into MMT: What is it? Who’s behind it or against it, whether it...Read More
Gold prices are going down again. On Monday April 29th, the troy ounce of this precious metal costs 1283.30 USD. It might well be that the instrument may plunge even more unless some significant news appear on the market. The driver that may support Gold is investors’ possible risk aversion. There may be several reasons for that, starting from the US Federal Reserve’s decision to keep...Read More