* Discounts widen in India, jewellers hold off on fresh purchases* Activity quiet in China, premiums narrow to $5-$6.50/oz* Singapore premiums ease slightly to $0.50-$0.60/ozDec 14 - Demand for physical gold was lacklustre in major Asian hubs this week as high prices dented bullion's appeal going into the holiday season, with buying interest in second biggest consumer India likely to be subdued fo...Read More
Wheaton Precious Metals' (TSE: WPM) shares surged over 14% Friday, following the company's announcement that it had a reached settlement with the Canada Revenue Agency (CRA). The settlement provides for a final resolution of Wheaton's tax appeal in connection with the reassessment under transfer pricing rules for 2005 to 2010.Wheaton Precious Metals is one of the largest precious metals streaming...Read More
Most investors would agree that 2018 will go down as a year of turmoil with markets showing mixed results across various segments. After starting off on a strong footing, the market saw not one but two considerable corrections this year that has in many cases erased most, if not all of the earnings for the year.Surprisingly, one of the companies that performed considerably well this year and has...Read More
Getty ImagesA worker installs parts in a Mercedes-Benz C-Class frame as they move down the production line at a factory in Alabama. The numbers: Industrial production rose 0.6% in November, the strongest gain in three months, the Federal Reserve reported Friday, on the back of strong mining and utility output. The increase in November output was above Wall Street expectations of a 0.4% increase....Read More
Bloomberg News/LandovThe U.S. economy is still creating tens of thousands of new jobs each month, keeping layoffs near the lowest level in decades. The numbers: The number of Americans applying for unemployment benefits plunged by 27,000 in early December to 206,000, erasing a surge around Thanksgiving that now appears to have been a temporary blip triggered by an earlier-than-usual holiday. The...Read More
Although there are many things that brought me out to the Philippines (for starters, I have a strong preference/affinity to being around warm weather), one thing that I was hoping to be true (from the beginning) was this: Leave behind a world filled with people who are too caught up in whining about “first world” problems… Nothing wrong with that, I been there, done tha...Read More
In his latest interview with Jim Goddard, economist Mish Shedlock notes that all the major US indices are in correction mode and warns about a bear market that could last for years. Click for larger Mish is watching the 2,600 level closely. He notes that the S&P 500 has tested the 2,600 many times. If that level does break, Mish warns look out:The next break is it. It might retest this level fr...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More
Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper assets. Bil...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Continue...Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperfor...Read More
Despite all the ominous press being devoted to the soon-to-be-inverted yield curve, it's not always clear why such a thing matters. In other words, how, exactly does a line on a graphContinue...Read More
We are now in the very final stages of the most remarkable era of alchemy in the history of finance. This cycle started inContinue...Read More
If we want to know where Gold is going we should follow Gold. Right?How about following gold stocks? At times, they lead Gold.Continue...Read More
Results will be incorporated into a forthcoming updated resource estimate. Liberty Gold's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX) announced in a news release the results of drilling along the northern edge, or Dip Slope zone, of its Goldstrike deposit in Utah. After infilling gaps in the resource model, the area was tested with reverse circulation drilling. The drilling there "continues to...Read More
Results suggest further zones of mineralization on the property. Dixie Lake, Red Lake DistrictGreat Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it "expanded its recent high-grade gold discoveries and identified a new ultramafic unit in the core of the Dixie gold system" based on results from 19 reconnaissance drill holes there.The area it tested was a 220 meter (east-we...Read More
The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More
The beleaguered goldstocks are recovering from their late-summer capitulation, enjoying a solidyoung upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triplebreakout technically. That event should reallyboost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalystis likely imminent too...Read More
Gold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a ‘hard’ Brexit, about global economic growth and uncertainty around the Fed’s interest rate policies in 2019. Gold in GBP – 1 Month (GoldCore)Gold has consolidated on last week’s 2% gains in dollar terms and is essentially flat in...Read More