MUMBAI/BENGALURU - Gold prices in India flipped into premiums this week on firmer demand in the domestic market, while buyers in top consumer China took advantage of weaker bullion prices and stepped up purchases.In India, dealers charged a premium of about $1 an ounce over official domestic prices. That contrasted with last week when gold was sold at a discount, of around $2, for the first time i...Read More
The South Australian Minister for Energy and Mining granted Havilah Resources (ASX: HAV) three mineral leases and two miscellaneous purposes licenses for the Kalkaroo copper-gold project, located northeast of Adelaide in South Australia.In a press release, Havilah said the decision secures the company's right to mine Kalkaroo. However, the firm still needs to obtain permission to mine which requir...Read More
Max Resource (TSXV: MXR) reported this week the first assays from its 10-week exploration program underway at the North Choc?? copper-gold project, located 80 kilometres southwest of Medell?-n, Colombia.Among the highlights of the campaign, Max said that seven of 23 chip samples returned grades ranging from 155.27g/t gold to 2.94g/t gold and, of those seven samples, three returned values of >10,00...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Friday dismissed reports indicating it was mulling the acquisition of an idled gold mine in Zimbabwe, emphasizing it was not currently interested in any mergers or acquisitions.Chief executive Clive Johnson reiterated B2Gold's long-term growth strategy by saying that in addition to developing its existing pipeline of projects, the company co...Read More
This addition is another significant asset for the firm's royalty portfolio. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release it agreed to acquire all of the rights and interests of a per ton royalty on production from the Jerritt Canyon processing facilities in Nevada. Closing of the transaction is expected on or around June 15, 2019.The Jerritt Canyon facilities incl...Read More
The firm intends to extend its drill season this year by one month. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release its plans for the 2019 drill season for its Justin project in the Yukon and its Forrest Kerr project in British Columbia.At Justin, Aben will conduct up to 20 holes over 600 meters (600m) of rotary air blast drilling in the or...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 203,628114,82383,533167,827275,765454,988474,121 Change from Prior Reporting Period -22,73312,9984,7748,383-20,862-9,576-3,090 Traders 17781835058261193 Small Speculators LongShortOpen Interest 53,65534,522508,643 224-6,262-9,352 non reportable positionsC...Read More
The mid-tier gold miners' stocks in the sweet spot for price-appreciation potential have been struggling in recent months, grinding lower with gold. Their strong early-year momentum has been sapped by recent stock-market euphoria. But gold-mining stocks are more important than ever for prudently diversifying portfolios. The mid-tiers' recently-reported Q1'19 results reveal their fundamen...Read More
By: Dave KranzlerElon Musk sent out an internal email to employees on Thursday in which he makes the highly dubious claims that the Company has 50,000 new orders for the Model 3, the Company has a "good chance" of exceeding Q4's record deliveries and the production of the Model 3 is close to 1,000 per week.Regardless of the veracity of the production numbers, the new orders and Q2 deliveries...Read More
Professor Laurence Kotlikoff & Chris Waltzek Ph.D. - May 21st, 2019. DOWNLOAD - MP3 formatHighlightsProfessor Laurence Kotlikoff, from Kotlikoff.net and author of the FREE book: You're Hired!Our guest created a new program to assist investors with retirement via a scientific method, MAXIFI.Maxifi is top rated and efficient personal-financial planning software that identifies the optim...Read More
By: Ira EpsteinInvestors realizing there is a real trade war going on..Read More
The FAANGs and a few other 'lunatic' stocks favored by institutional buyers have deservedly been getting thrashed, but it looks like the pain is unlikely to abate any time soon. My downside targets in two key stocks, GOOG and AMZN, are well below current levels, implying they will remain a drag on the market. One stock that has been bucking the tide is Microsoft, which is within a three-day rall...Read More
I continue to see an inverse correlation between gold and crude oil today. Monday US markets are closed. Look for signs profit booking in short crude oil positions. Silver continues to remain undervalued. Copper is in a neutral zone. There will be investment demand on dips now that gold prices have reversed from the lows. There is no limit to the extent where trade war is headed. If China starts...Read More
Technical analyst Clive Maund charts gold and explains why he believes gold will turn higher later in the summer. Gold and silver dropping back again late last week had investors in the precious metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900s or even lower, which is normal when prices sink, but our charts...Read More
Technical analyst Clive Maund charts silver and finds that it looks "considerably weaker than gold."Technical analyst Clive Maund charts silver and finds that it looks "considerably weaker than gold."Silver looks considerably weaker than gold, although that is normal at this stage in the cycle. It is still considered likely that it is forming a Double Bottom with its lows of la...Read More
President Donald Trump expects a quick end to the trade warThe Dow was able to pare some of its recent losses today, adding nearly 100 points, after President Donald Trump predicted a swift conclusion to the ongoing trade tensions between the U.S. and China. Trump's optimism extended to the S&P and Nasdaq, as well, with both indexes finishing in the black. However, all three stock market barometer...Read More
Huawei-related concerns continued to weigh on stocksIt was another rough week for stocks, as trade drama between the U.S. and China continued to drag out. Although President Donald Trump temporarily relaxed restrictions on China's Huawei, a myriad of chip and tech companies began cutting ties with the Chinese firm. Further, a spokesperson for China's Ministry of Commerce said the U.S. should "adju...Read More
Crude oilhasn’t closed higher yesterday and the previous series of rallies appears toface stiff headwinds. Is this it, or can the oil bulls pull a rabbit out oftheir hats? After all, they’ve reversed Monday’s downswing already. Or does theprospect of wide spectrum U.S. - China uncertainties have the upper hand? It’smaking itself heard across the board and crude oil is no ex...Read More
Meanwhile, Cantor Fitzgerald pulled coverage on Dynavax Despite disappointing durable goods data, stocks are trading higher this afternoon, as investors focus on President Donald Trump's recent comments on U.S.-China trade. A pair of stocks on the move today are vaccine maker Dynavax Technologies Corporation (NASDAQ:DVAX) and mining name Vale SA (NYSE:VALE). Below, we will dive into what is movi...Read More
Goldand silver declined a bit yesterday, but mining stocks reversed and closed thesession higher. It seems that the miners showed strength, especially that theyformed a bullish reversal candlestick. But did they? The reversal candlesticksshould be confirmed by strong volume and what we saw in the GDX ETF yesterdaywas the lowest daily volume of the year. In fact, the GDX volume was lowerthan any vo...Read More