Robert explains why betting on gold & silver and betting against fake money, as in the US dollar, is the right bet to make. Here are the details...by Robert Kiyosaki via Daily ReckoningAs retirement nears for millions of Baby Boomers, they are scrambling for deck chairs on the Titanic.For about 40 years now I have been watching a major financial disaster developing. Its contributing factors includ...Read More
Harvey says there has just been a huge amount of activity in silver at the COMEX with somebody taking a massive delivery. Here are the details...by Harvey Organ of Harvey Organ BlogOCTOBER 29/DOW PLUMMETS 242 POINTS WITH THE NASDAQ DOWN 116.92: THE DOW FROM ITS HIGHS: DOWN 900 POINTS/GOLD DOWN $7.75 TO $1225.80/SILVER DOWN 27 CENTS TO $14.42/TRUMP STATES THAT IF THE MEETING WITH XI FAILS THEN THE...Read More
• Resurgent USD demand/positive US bond yields prompted fresh selling. • Signs of stability in equity markets further undermine safe-haven demand. • Traders now eye US consumer confidence index for short-term impetus. Gold kept losing ground through the mid-European session and fell to 1-1/2 week lows in the last hour. The commo...Read More
Bix explains where all the physical silver comes from that has been used to supply the markets and keep the price down for the last 60 years...by Bix Weir from Road To RootaDid you ever wonder where all that physical SILVER came from to keep the price of silver from rising for the past 60 years? Let me show you! Read More
Prospect generator Silver Range Resources (TSX-V:SNG) announced today that it has completed a fall reconnaissance program in Nevada and staked two new high-grade gold prospects.The first site is the century-old Loner Property located in Pershing County, 35 kms south of Winnemucca in the Grass Valley. "Claims cover high grade low sulphidation epithermal veins first discovered in 1906 and mined on a...Read More
• The precious metal extended Friday's retracement slide from near 3-1/2 month tops and remained under some selling pressure for the second consecutive session. • The corrective slide has now dragged the commodity to a short-term ascending trend-channel support, which if broken might prompt fresh long-unwinding trade. • Mo...Read More
Peter KrauthThe price of silver had a strong start to last week just like its golden cousin.I was very impressed to see silver prices shoot all the way up to $14.80 on Tuesday, Oct. 23.That was a blistering gain of nearly 2% from the previous day's close, and a silver's highest level since late August.What triggered so much buying? In my view, it was heightened concerns about geopolitics and a w...Read More
On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine? Draghi Says That We Shouldn’t Worry Let’s start with the latest ECB’s monetary policy statement and the following Draghi’s press conference. In short,...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices fell on Tuesday as concerns about a further escalation in the U.S.-China trade war boosted the U.S. dollar, eroding bullion's appeal as it tested key technical support.Spot gold was down 0.47 percent to $1,223.61 per ounce, having touched $1,219.37, its lowest since Oct. 18. U.S. gold futures settled at $1,225.30 an ounce.The dollar climb...Read More
Gold spot ($) Under pressure. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1230.50 Our preference Short positions below 1230.50 with targets at 1226.00 & 1224.00 in extension. Alternative scenarioAbove 1230.50 look for further upside with 1233.50 & 1235.50 as targets. Comment The RSI advocates for further decline. Silver spot ($)...Read More
Sandstorm continues to purchase shares of Entree Resources.Insiders are piling into Belo Sun Mining.I break down the most relevant gold insider buying updates.Insider gold buying has picked up a bit over the past month, especially over the past week or so with gold prices showing signs of a sustained rally. (Gold prices have rallied since the start of October. Credit: StockCharts) The technical p...Read More
Gold will remain strong as long as global equity markets are weak.Gold's relative strength vs. stocks, bonds and currencies is growing.Without additional dollar weakness, though, gold's upside is limited. Without the intense fear generated by the global stock market rout, gold would surely be without any meaningful support. To that end, gold bulls can be thankful that gold's safety bid has...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday October 30, with broad strength in the US dollar index prompting sharp drops in the three-month copper and zinc prices, while aluminium drifts to levels unseen since August 2017.Reaching a low of $1,966 per tonne, the three-month aluminium price has come under increased pressure over the latter hal...Read More
A new high last week.Gold was crawling higher after breaking out.Danger ahead if history repeats.Higher rates are baked in the market.The dollar poses the most significant risk.Gold bulls had a rough summer in 2018. After making higher lows since late 2015, the price of the precious metal broke its bullish pattern in July when the price declined below the December 2017 low at $1236.50 per ounce. G...Read More
London Metal Exchange members will be permitted to clear via London even if no Brexit deal is reached, although it remains unclear whether this reprieve would also apply in the event of Brexit being agreed with a deal on March 29, 2019.European Commission vice-president Valdis Dombrovskis said in media reports on Tuesday October 30 that the move was designed to ensure a catastrophic impact on clea...Read More
LONDON, ON. - Fortune Minerals reports that the governments of Canada and the Northwest Territories have accepted the environmental assessment approval for the modified Tlicho all-season road. The modifications were developed with the Tlicho government through a consultation process managed by the Mackenzie Valley Environmental Impact Review Board. The Tlicho government also approved the board...Read More
Thunder Bay, ON - Wolfden Resources continues to drill high-grade massive sulphide mineralization at its Pickett Mountain project in Maine, where it has two diamond drills turning.In its latest results, Wolfden reported a 12.7-metre intercept starting from 240 metres below surface, and grading 6.6% zinc, 2.8% lead, 1.5% copper, 99.4 g/t silver, and 0.6 g/t gold (or 10.9% combined zinc, lead and co...Read More
Our global operations need billions of dollars of goods and services every year to support the extraction of products for our customers - safely, productively and sustainably.When our Supply teams buy these good and services they create partnerships with global suppliers and local businesses in our communities.And these partnerships extend way beyond the standard buyer/seller relationship.The Trom...Read More
BHP Billiton Ltd.'s giant Olympic Dam mine in Australia's Outback is a labyrinth of 450 kilometers of tunnels and roads - an ideal testing ground for the industry's burgeoning shift toward cleaner power.Taking about 30 minutes to drive from top to bottom, there's ample opportunity for the world's biggest miner to test electric SUVs in a bid to cut both costs and pollution, including potentially ha...Read More
China's stimulus efforts aimed at preventing the economy from slowing further and minimizing the impact of U.S. tariffs are supporting raw materials demand, according to Rio Tinto Group."The Chinese machine is still working very well," CEO Jean-Sebastien Jacques said Tuesday in an interview with Bloomberg Television.China has had a spurt of local bond issuance intended to fund roads, homes and oth...Read More