CloseGain/LossGold $1310.40-$6.40Silver$16.20-$0.13XAU78.13-0.68%HUI169.21-1.11%GDM594.85-0.78%JSE Gold1066.77+5.10USD90.41+0.54Euro122.46-0.92Yen94.08-0.15Oil$63.40+$1.3410-Year2.887%+0.035T-Bond144.8125-0.71875Dow24727.27+0.47%Nasdaq7364.30+0.27%S&P2716.94+0.15% The Metals: Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but i...Read More
Sentiment is now completely disconnected from reality.Currently, sentiment suggests that stocks are in a raging bull market and will never fall. This sentiment is based on the fact that much of last year (2017) the US stock markets rose virtually non-stop.However, that era is now OVER. And globally the markets are moving into "risk-off" mode.Don't believe me?Consider that most global markets are i...Read More
CloseGain/LossGold $1310.40-$6.40Silver$16.20-$0.13XAU78.13-0.68%HUI169.21-1.11%GDM594.85-0.78%JSE Gold1066.77+5.10USD90.41+0.54Euro122.46-0.92Yen94.08-0.15Oil$63.40+$1.3410-Year2.887%+0.035T-Bond144.8125-0.71875Dow24727.27+0.47%Nasdaq7364.30+0.27%S&P2716.94+0.15% The Metals: Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but i...Read More
ZURICH (Reuters) - Switzerland's highest court has upheld the seizure of $1.85 million in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto mining project, a ruling showed.The Swiss Office of the Attorney General (OAG) also confirmed it has an ongoing criminal investigation in which prosecutors contend on...Read More
Peter Ginelli writes: Lately we have been seeing the term “stagflation” used in many headlines, by many respected analysts as well as the former and longest serving Federal Reserve Chairman Alan Greenspan in recent months. Here are just a few samples headlines:“Alan Greenspan says there are bubbles in both stocks and bonds” By Tae Kim, January 31, 2018, CNBC“Stagflati...Read More
Call buying has been popular on FedEx stock in recent weeksFedEx Corporation (NYSE:FDX) is all over the news today after a package exploded at the San Antonio FedEx facility, possibly in connection with other serial bombings in Austin, Texas. In addition, the company announced it will add 500 new locations in Walmart stores over the next two years. In addition to this flurry of news, FedEx is als...Read More
Washington's gratuitous raising of tensions with Russia that we have been witnessing for many years is so reckless and irresponsible that we need some relief Continue...Read More
The FOMC members will gather today for a two-day meeting. It will be the most important event this week, since Powell will chair the meeting for the first time. Gold investors want to get to know him better as the uncertainty makes them a bit nervous. What should we expect from the new Fed Chair?First FOMC meeting under Powell as ChairDo you remember your first bike ride? Or the first date - and k...Read More
VANCOUVER, BRITISH COLUMBIA / March 20, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce the Company has been nominated in two categories as a finalist for the S&P Global Platts Metal Awards. MGX has been chosen as a finalist for the Base and Specialty Metals Industry Leadership Award as well as the Breakthrough Solution of the Year Awar...Read More
The major long-term driver of the gold price is confidence in the official money and in the institutions (governments, central banks and private banks) that create/promote/sponsor the official money. As far as long-term investors are concerned the gold story is therefore a simple one: gold will be in a bull market when confidence in the financial establishment (money, banks and government) is in...Read More
By Ira EpsteinGold is flirting with downside breakout.https://www.iraepstein.com/ Read More
NEW DELHI (Reuters) - Nearly 50 countries expressed concern on Tuesday about the “serious threat” to the World Trade Organisation posed by unilateral trade actions, a pointed reference to U.S. import tariffs that have caused a global outcry.Delivering concluding remarks after a two-day informal meeting of the WTO members in New Delhi, Indian Trade Minister Suresh Prabhu did not refer t...Read More
Sentiment is now completely disconnected from reality.Currently, sentiment suggests that stocks are in a raging bull market and will never fall. This sentiment is based on the fact that much of last year (2017) the US stock markets rose virtually non-stop.However, that era is now OVER. And globally the markets are moving into "risk-off" mode.Don't believe me?Consider that most global markets are i...Read More
ABIDJAN, March 19 (Reuters) - Renewable energy company Total Eren said on Monday it had opened the world's largest solar-thermal hybrid plant in Burkina Faso, the first of what it hopes will be many projects supplying the African mining industry's growing need for power.Total Eren and Africa-focused independent power producer AEMP inaugurated Essakane Solar over the weekend, adding 15 megawatts (M...Read More
The latest news and price moves to start the Asian day on Wednesday March 21.Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018 low. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices tumbled to the lowest level since mid-December after investors moved to t...Read More
However, Facebook continues to weigh on techThe Dow Jones Industrial Average (DJI) is higher at midday, just as the two-day Fed monetarypolicy meeting kicks off. While the central bankers won't emerge until tomorrow, Wall Street is expecting new Fed Chair Jerome Powell to announce a rate hike. Oil prices, meanwhile, are lifting energy stocks, with front-month crude up 2.4% at $63.55 per barrel. H...Read More
The major long-term driver of the gold price is confidence in the official money and in the institutions (governments, central banks and private banks) that create/promote/sponsor the official money. As far as long-term investors are concerned the gold story is therefore a simple one: gold will be in a bull market when confidence in the financial establishment (money, banks and government) is in a...Read More
By Ryan WildayIn my last article I stated that we had the potential for a lasting bottom in the crypto market, starting with a low in most coins on February 6th. However, in that article I also gave the conditions for that bottom to fail.Those conditions, unfortunately, became reality. We have since seen both Ether and Verge, highlighted in that article, slide to new lows below the February 6th...Read More
Full Article: DERIVATIVES - A RECIPE FOR DISASTER & SYSTEMIC COLLAPSEBy: Egon von GreyerzGambling is according to Wikipedia the wagering of money (or something of value) on an event with an uncertain outcome. Three elements are required for gambling, Consideration, chance, and prize. Thus, you make a bet and if you are lucky you win a prize but you can also lose it all. Gambling has been around...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