CloseGain/LossGold $1225.40+$7.40Silver$14.69+$0.08XAU70.45+1.70%HUI155.88+1.68%GDM557.90+1.37%JSE Gold1252.10+97.79USD95.08-0.20Euro115.81+0.22Yen89.21+0.03Oil$71.78+$0.4410-Year3.154%+0.001T-Bond138.4375-0.28125Dow25250.55-0.35%Nasdaq7430.74-0.88%S&P2750.79-0.59% The Metals: Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but...Read More
By Ira EpsteinGold a bit overbought, but rallying on Italian, Brexit and Saudi issues.https://www.iraepstein.com/ Read More
I've read many comments to the effect that the next financial crisis will be like 2007-2008, only worse. However, the sole reason that many people are talking about a coming 2008-like crisis is because the happenings of 2008 are still fresh in the memory. Market participants often expect the next crisis to look like the last one, but it never does. Consequently, the general prediction about the...Read More
The prices of base metals on the London Metal Exchange were mostly lower day-on-day at the close of trading on Monday October 15, with a softer US dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious.The three-month lead price rose by 1.6% over the afternoon to reach an intraday high of $2,116 per tonne, its highest level since September 4.Whil...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Dr. Stephen Leeb, Chief Investment Officer at Leeb Capital Management. Dr. Leeb has decades of experience in the financial markets and has even authored seven well regarded books, including best sellers The Coming Economic Collapse: How to Thrive When Oil Costs $200 a Barrel, and Game Over: How to Prosper i...Read More
By Keith Weiner"You can't eat gold." The enemies of gold often unleash this little zinger, as if it dismisses the idea of owning gold and indeed the whole gold standard. It is a fact, you cannot eat gold. However, it dismisses nothing.This gives us an idea. Let's tie three facts together. One, you can't eat gold. Two, gold is in backwardation in Switzerland. And three, speculation is a bet on th...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12October 15, 2018 "There are three ways to make a living in this business: be first, be smarter, or cheat."- John Tuld, played by Jeremy Irons in Margin Call (2011) "If we're right, people lose homes. People lose jobs. People los...Read More
Thursday last week was a momentous day for the Precious Metals sector with gold, GDX and other ?ndices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stockmarket was crashing. This is viewed as a strong sign that instead of being dragged lower still by a crashing stockmarket, the PM sector wil...Read More
By Larry LaBorde Once again the lovely Miss Puddy accompanied me to the beach on the Florida panhandle for a week of rest and relaxation. The end of September is the perfect time for the beach in Florida as it is not too hot but still nice and warm with gentle sea breezes every afternoon. The crowds have also gone and the traffic is much better. Unfortunately hurricane Michael did not get...Read More
By Avi GilburtI think we have all seen many episodes of fake news in the media when it comes to politics. However, what is even more pervasive is fake news in financial analysis. And, I was urged to write this quick public note to set the record straight.I have railed for years against those analysts who have pointed to news events to explain what has happened in the market, especially as an exc...Read More
"It Always Pays To Hold Some Gold"by John Stepek of Money Week"We have interest rates going up at a clip that's much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of control."Central banks are independent, in theory. But that won't stop the president of the US from giving his full and frank opinion on their performance.Gold Britannias 201...Read More
VANCOUVER , Oct. 15, 2018 /CNW/ - Northern Vertex Mining Corp. (NEE.V) (OTC Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") is pleased to announce a number of financing transactions intended to improve free cashflow during early production at the Company's Moss Mine. Highlights of the transactions include:Sprott Resource Lending amends monthly principal payments from US$1,111,111 to...Read More
The biggest question facing miners when planning for trade cycles is how flows will be redirected or constrained as a result of discussions between China and the United States, according to the president of marketing and supply at BHP. Arnoud Balhuizen said that BHP's commodities have been flowing as they always have, and the impact on prices has been relatively muted on a historical basis. How th...Read More
Bismuth prices were under pressure in Europe in the week ended Friday October 12, with prices reaching their lowest level so far this year on surplus production and weak demand. Fastmarkets MB assessed the European bismuth price at $3.90-4.40 per lb on Friday October 12, down by $1.20 on the low end of the range from Wednesday's assessment. Abundant supply and a lack of sufficient demand to a...Read More
Full Article: DEFICITS, RATES & GOLD TO REACH VERTIGINOUS HEIGHTSBy: Egon von GreyerzThe end of an empire is a dramatic but also drawn out event with very few willing to face the facts. As the end is getting closer, denial is at its peak. We can probably figure out how it will end but not quite when. Looking at the facts, the beginning of the end is here. The signs are clear. Here we have a coun...Read More
The latest news and price moves to start the Asian day on Tuesday October 16.Base metal prices on the London Metal Exchange were mostly lower at the close of trading on Monday October 15 compared with Friday, with a softer United States' dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious. Read more in our live futures report. Here are ho...Read More
The latest metal markets news and price moves to start the North American day on Monday October 15. Base metals prices on the London Metal Exchange were predominantly lower during morning trading due to a firm dollar index, while the lead price continued its recovery.Here's how base metals prices looked at...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday October 15.Most base metals prices on the Shanghai Futures Exchange were little changed to weaker during Asian morning trading on Monday, with a resurgent dollar putting downward pressure on the complex. Lead was the lone metal to record any price gains.The dollar index, at 95.33 as at...Read More
Gold losses momentum during American sessions despite weaker US dollar. Metal remains bullish as US yields consolidate recent slide. Gold peaked earlier today at $1,233/oz the highest level since July 26 but pulled back under $1,230 finding support around the $1,225 zone. Still was headed for the highest close in two months, with a gain of almost $10. The yellow metal continued...Read More
Peter KrauthThe latest gold price rally is finally breaking out like I've been expecting, and it's not slowing down soon.The price of gold soared $30 higher on Thursday (Oct. 11).Odds are a short squeeze in the futures market helped power the metal as stocks sold off dramatically. Speculators have been massively short gold, and a substantial move like this forces many to cover their positions.Tech...Read More