The Dow and S&P 500 are set to extend their losing streaksFutures on the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are slightly lower today, as both indexes look to extend their losing streaks. Investors are digesting quarterly reports from blue-chips Walmart (WMT) and Cisco Systems (CSCO), as well as a rebounding tech sector -- including Apple (AAPL) -- that has Nasdaq-100 In...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
By Ira EpsteinCould this be where a bounce in gold starts that has some legs to it?https://www.iraepstein.com/ Read More
By Daniel R. Amerman, CFAMartin Feldstein, who was chairman of the Council of Economic Advisors under President Reagan and is currently a Harvard professor, wrote an extraordinary editorial in the Wall Street Journal in which he strongly advocated that the Federal Reserve pursue policies that would: 1) continue to raise interest rates; and 2) thereby pop asset bubbles in the stock and commercial...Read More
Highlights Rob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system.The missing $21 trillion dollars (size of US National Debt) in government funds, is possibly held by the exchange stabilization fund (PPT). One likely use for the missing funds could involve the purchase of new US Bond issuance's, given the few foreign purchases of US d...Read More
TSX Venture Exchange: BSK Frankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCFVANCOUVER , Nov. 15, 2018 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF, "Blue Sky" or the "Company") is pleased to report high grades of uranium and vanadium in initial pit samples located a kilometre west of the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo Grande...Read More
By RambusBefore we look at tonight's charts I would like to take a minute to discuss trading the three X leveraged etf's. Leveraged etf's aren't for everyone as they can be very volatile. These instruments are for those that can take a bigger risk and still come out OK when they go against you. For the average investor a 1 X leveraged etf is all they can handle and that should be fine. When you...Read More
By Avi GilburtThere were several developments in the gold market last week. First, we heard of another trader who has pleaded guilty to "manipulating" the metals market. And, everyone is up in arms again about how gold was manipulated to drop from $1,921 to $1,040 during 2011-2015.And, yes, they are all again saying "ah ha - you see, we were right."But, as I have said so many times before, what...Read More
China has developed tremendously in recent years. But what's next? Is the country entering the growth recession? And how it will affect the world and the gold market? A New Chapter in China We have not analyzed the publications of the World Gold Council for a while. Let's make it up, starting with the newest edition of Gold Investor. The report is about China and its remarkable transformation...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May's UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from ?923 to ?947 per ounce in sterling terms.The pound slumped the most in more than...Read More
Gold hit lows in mid-August, and the recovery seems to be failing.The dollar is a bullish beast.Interest rates are rising, and other commodities are falling.Risk-off threatens the prices of all assets.DUST can turn to gold if December 2018 turns out to be the fourth consecutive year of a low.Gold was trading around its $1200 per ounce pivot point on the active month December futures contract on CO...Read More
Yellow metal consolidates around $1210, holds firm to yesterday’s gains. Price remains capped by $1215 and supported above $1208. Gold moved all day in a range between $1,208/oz and $1,215, around yesterday’s closing price. It consolidated Wednesday’s gains when it rose from $1200 to $1216, on the back of a slide in US yields. Price action across financial mar...Read More
Gold rose on Thursday supported by safe haven buying after the pound sterling tumbled after British ministers reisgned protesting against a draft Brexit agreement. Oil also rallied up more than 1% on the day, steadying at $57 per barrel although concerns about the prospect of an oversupplied market next year continued to weigh on prices despite OPEC's message tha...Read More
Dear Investor,While most traders have been watching the S&P, oil plunged 18% in October. In the process, crude broke below a key long-term trendline. You know what that means: It's an exciting potential opportunity.That's why we've got an exciting free event starting Tuesday, Nov. 6. We call it our Energy FreePass event, where we unlock our trader-focused Energy Pro Service for 3 days. It's fr...Read More
Teranga Gold produced more than 56,000 ounces of gold in the third quarter of 2018.The company raised its production guidance for the full year to between 235,000 and 240,000 ounces, which would be a new record.Construction of Wahgnion on budget and de-risked.Cornerstone investor David Mimran remains very positive on Teranga but is not buying shares for some reason. Introduction I've covered Teran...Read More
The Price of Gold appears to have bottomed, after declining since 2011.Here is a look at the weekly trend. Gold has carved out an ABC bottom, (C above A followed by a rise above B).The breakout at the blue arrow overcame six months of resistance.Price is now tackling the 200 week moving average at the green arrow. This chart courtesy Bloomberg.com shows the number of short positions in gold futur...Read More
The gold miners’ stockssuffered a rough late summer this year. A rare forced capitulation walloped them to deep new lows,short-circuiting their usual autumn rally. That’s left this sector anomalously low as the subsequent winter rallygets underway, gold stocks’ strongest seasonal surge of the year. Starting from beaten-down levels afterskipping the prior seasonal...Read More
Democrats take control of the Congress and moveTrump out of the White House. Sounds unbelievable? So what is probable and whatis not? We invite you to read our today’s article about the upcoming USMid-Term Elections and find out what are the likely consequences for the goldmarket.Elections are approaching the US again. Two yearsafter Donald Trump was elected as POTUS, American voters go to t...Read More
Vancouver-based Silver Range Resources (TSX-V:SNG) announced today that it has optioned its Gold Chief property in Nevada to CrocanCapital Corp.Crocan is interested in acquiring a 100% interest in the project. To do so, the firm would have to provide aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by November 2, 2021.Under the terms of the agreement, Silver Ran...Read More