Mike GleasonPrecious metals markets enter November's trading with bulls eying a potential year-end rally.Gold and silver prices did manage to post gains on Wednesday and Thursday after the Federal Reserve announced a quarter point rate cut. But the Fed followed up its move with language suggesting interest rate policy is now on pause.News Anchor #1: The Federal Reserve cut the benchmark rate by...Read More
Illustrations for these remarks are posted here:http://gata.org/files/NOIC-2019-Slides-11-01-2019.pdf* * *Remarks by Chris Powell, Secretary/TreasurerGold Anti-Trust Action Committee Inc.New Orleans Investment ConferenceHilton New Orleans Riverside HotelFriday, November 1, 2019Since we gathered here a year ago the gold and silver markets feel much stronger.The central bank-instigated smashdowns...Read More
By: Ira EpsteinGold's monthly, higher highs, higher lows... bullish, DEC-Gold: $1555-1560 resistance. We remain over the 18-week m.a., $1481.20. GDX = 28.18 a very important number next week.Read More
Orderly WorldHundred-Year MarathonThe Assassin's Mace and Modern WarfareTargeted ResponseHouston, Philadelphia, Dallas, and ???Every investment decision should have an exit strategy. What will you do if your idea doesn't work? Ideally, you make that decision before you invest. Mistakes are inevitable but survivable if you recognize them quickly and act to minimize their costs.The same is true...Read More
The Canadian company expects to release the results early next year. Libero Copper and Gold Corp. (LBC:TSX.V:, LBCMF:OTCQB) announced in a news release it finished its initial work program at its Big Red property in British Columbia's Golden Triangle.The program encompassed reconnaissance prospecting over a sizable area, continuous rock chip sampling from mineralized outcrop, core drilling and Z-...Read More
One, which was large, high grade and within meters of surface, is of major import. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) made three additional gold discoveries in recent results from drilling primarily along the LP Fault at its Dixie project in Ontario's Red Lake District, it announced in a news release. Results focused on the new Yauro zone, situated between the Yuma and Auro zones....Read More
By: Ira EpsteinGold's monthly, higher highs, higher lows... bullish, DEC-Gold: $1555-1560 resistance. We remain over the 18-week m.a., $1481.20. GDX = 28.18 a very important number next week.Read More
The Silver price soared during August as it played catch up to the Gold bull run, Silver peaking at a high of $ 19.75 early September before like Gold entering into a correction to a low of $16.94 late September and trending weakly higher during October to currently stand at $18.07, a2 month trend similar to that of the gold price. (Charts courtesy of stockcharts.com)First a recap of my recent Sil...Read More
Recently, the US stock market rallied to new all-time highs which prompted an almost immediate celebration. A day later, the US stock markets reacted by setting up multiple top rotation patterns. The next day, a moderate price rally set up after the US Fed decreased rates by 25 basis points. The next day, the markets sold off dramatically with heavier volume – prompting the...Read More
Brazilian iron ore export volumes and revenues dropped year-on-year in October due to supply disruptions, according to figures released by the country's economy ministry on Friday November 1.Export volumes of iron ore declined to 31.20 million tonnes in October, down by 16.1% from 37.19 million tonnes a year earlier.Iron ore shipments from the country fell this year in an annual comparison, becaus...Read More
A mixture of trends were forecast for steel, iron ore and coking coal prices in 2020 at the London Metal Exchange Ferrous Focus session this week."Steel is going to drift a bit lower, but not collapse," Citi research analyst Tracy Liao told delegates on Thursday October 31, "[and] iron ore will go quite a bit lower, whereas coking coal prices will go up." Liao said that wh...Read More
BHP will provide $44 million of the necessary funding to resume operations at Brazilian iron ore pellet producer Samarco, the Australia-based mining company said on Friday November 1.Samarco is a joint venture between BHP and Vale and has been closed since late 2015, when a tailings dam failed and flooded the nearby Rio Doce river in southeastern Brazil.On October 25, the pellet producer received...Read More
Mike GleasonPrecious metals markets enter November's trading with bulls eying a potential year-end rally.Gold and silver prices did manage to post gains on Wednesday and Thursday after the Federal Reserve announced a quarter point rate cut. But the Fed followed up its move with language suggesting interest rate policy is now on pause.News Anchor #1: The Federal Reserve cut the benchmark rate by...Read More
Illustrations for these remarks are posted here:http://gata.org/files/NOIC-2019-Slides-11-01-2019.pdf* * *Remarks by Chris Powell, Secretary/TreasurerGold Anti-Trust Action Committee Inc.New Orleans Investment ConferenceHilton New Orleans Riverside HotelFriday, November 1, 2019Since we gathered here a year ago the gold and silver markets feel much stronger.The central bank-instigated smashdowns...Read More
By: Ira EpsteinGold's monthly, higher highs, higher lows... bullish, DEC-Gold: $1555-1560 resistance. We remain over the 18-week m.a., $1481.20. GDX = 28.18 a very important number next week.Read More
Orderly WorldHundred-Year MarathonThe Assassin's Mace and Modern WarfareTargeted ResponseHouston, Philadelphia, Dallas, and ???Every investment decision should have an exit strategy. What will you do if your idea doesn't work? Ideally, you make that decision before you invest. Mistakes are inevitable but survivable if you recognize them quickly and act to minimize their costs.The same is true...Read More
Brazilian domestic prices for flat steel products were stable this past month despite attempts from steelmakers to apply price increases.Some mills have been trying to raise prices due to decreasing competition from imported material, but low demand has been hampering those efforts.Local steelmaker Usiminas announced on October 28 that it was applying an increase of 5% in prices to distributo...Read More
Dear Rich Lifer,Whether you're a bright-eyed youngster just beginning the walk of adulthood, or a seasoned veteran of the world, basking in the joys of retirement, the home-buying process can be daunting.Buying a home, even if you have done it in the past, requires an incredible amount of work.Selecting a location, finding a house, filing all the appropriate paperwork with what feels like a dozen...Read More
The resurgent gold price boosts optimism but low exploration spend has depleted reserves, and average mine life has fallen. These three factors could help avert a fall in gold supply.Read full newsRead More
"Breaking: Google buys Fitbit for $2.1 billion https://t.co/U8Ti6h9zgi"Read full newsRead More