Recent News

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week

October 19, 2018 / news.goldseek.com

 CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02%  The Metals: G...Read More

Ira Epstein's Metals Video 10 19 2018

October 19, 2018 / news.goldseek.com

By Ira EpsteinWeekend squaring up leaves gold strong going into next week.https://www.iraepstein.com/ Read More

COT Gold, Silver and US Dollar Index Report - October 19, 2018

October 19, 2018 / news.goldseek.com

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort189,200171,53371,278166,143198,139426,621440,950Change from Prior Reporting Period 9,454-46,3887,521-8,16649,6968,80910,829Traders17895885749279194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,79733,468474,418 356-1,6649,165 non reportable positionsChange from...Read More

Gold Is Becoming Cool Again

October 19, 2018 / news.goldseek.com

The sentiment shift is still subtle, but it's both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive comments in the media and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part of this year but lately has ramped up its buying, with August imports more...Read More

Inflection Point for Gold

October 19, 2018 / news.goldseek.com

By David Brady, CFAAfter falling from 1369 to 1167 in just four months, Gold is attempting to rally now, having risen to a high of 1237 recently. But as I shared in my previous article: "There is significant resistance ahead that could stall Gold's rally, most notably 1244, the 38.2% Fibonacci retracement of the entire drop from 1369 to 1167, and 1251 on a closing basis (1360-1184). If we close...Read More

Gold-Stock Sentiment Shifting

October 19, 2018 / news.goldseek.com

The gold miners' stocks have been largely ignored and neglected for years. Speculators and investors wanted little to do with them for various reasons. But that apathetic sentiment is finally starting to shift thanks to last week's stock-market plunge. Capital is starting to return to this battered sector as traders begin to realize how radically undervalued it is. Sentiment mean reversi...Read More

Gold's Official Price is $42, and maybe that's a Good Thing

October 19, 2018 / news.goldseek.com

This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourages a healthy debate.People often whisper conspiratorially about the age-old U.S. practice of fixing the gold price at $42.22. "They're just trying to keep gold d...Read More

Is Your Portfolio Ready for the Greatest Demographic Shift in History?

October 19, 2018 / news.goldseek.com

By Marin KatusaThe economy depended on the spending habits of baby boomers the last three decades.The success and failure of many companies depended on the spending habits of those same baby boomers.It was all about the baby boomers.But that is no longer the case.You must pay attention to the Millennial Generation (those born 1981-2000) right now. And here's why...The most recent U.S. Census ind...Read More

Is Bitcoin Ever A Buy-And-Hold?

October 19, 2018 / news.goldseek.com

By Avi GilburtI know of no asset other than cryptocurrencies where traders of which adopt the lexicon of the broader trading community and then layer on their own slang. The chief word in the crypto trader's word bank is "HODL," which most interpret to mean "Hold On for Dear Life."The phrase, "I'm just HODLing" is often expressed as a badge of honor, as if holding on to a losing position due to...Read More

Gold Reserves Surge 1,000% In Hungary As It Joins Poland, Russia, China and Other Central Banks Buying Gold

October 19, 2018 / news.goldseek.com

Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week including our special podcast on Direct Access Gold.From our perspective, the most important developments were the IMF's financial warnings and the escalation in central bank gold buying with Hungary increasing its gold reserves by a whopping 1,000% due to increasing "safety concerns."For...Read More

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week

October 19, 2018 / news.goldseek.com

 CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02%  The Metals: G...Read More

Harvey Organ: Yesterday's Trading Volume In Silver Was Over 44% Of Annual Production

October 19, 2018 / www.silverdoctors.com

Harvey says we are saw a lot of demand for silver yesterday with just a $.04 drop in price. Here are the details...by Harvey Organ of Harvey Organ BlogGOLD: $1227.20 UP $2.80 (COMEX TO COMEX CLOSINGS)Silver: $14.58 DOWN 6 CENTS (COMEX TO COMEX CLOSING)Closing access prices:Gold : 1226.00 silver: $14.57 I am doing the best i can to deliver you the essentials for today I could not pr...Read More

Mountain Province says recent diamond sale netted $24.2m

October 19, 2018 / www.miningweekly.com

Toronto-based miner Mountain Province has netted $24.2-million from the sale of 366 505 ct in its most recent diamond sale, which the company says is in line with its expectations.The sale, held on October 5, realised an average value of $66/ct.AdvertisementMountain Province, which is a 49% participant with De Beers in the Gahcho Kué mine in the Northwest Territories, reported strong b...Read More

De Beers eyes tech markets for synthetic diamonds future 

October 19, 2018 / www.miningweekly.com

TORONTO/LONDON – Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting.Element Six, De Beers' synthetic diamond arm, is building a $94-million factory in Portland, Oregon, an expansion that comes as scientists from Moscow to London push to develop diamonds...Read More

SRK Ghana expanding into other West African markets

October 19, 2018 / www.miningweekly.com

As the economic mood in the global mining industry improves, SRK Consulting’s Accra office, in Ghana, has been making inroads into new markets in Côte d’Ivoire and Togo, SRK Ghana country manager John Kwofie noted in a release last week. He believes that there is potential for improved investor interest in Ghana as well, as the country’s new government takes a more proactiv...Read More

Metals generally firmer this morning despite weakness in other markets

October 19, 2018 / www.metalbulletinresearch.com

Three-month base metals prices on the London Metal Exchange were for the most part firmer with gains averaging 0.6% on the morning of Friday October 19, but this follows a general down day on Thursday, when the complex closed down by an average of 0.8%. This morning, prices range from slightly lower on lead to up by 2.1% for nickel, while copper is up by 0.7% at $6,174 per tonne. Volume has been a...Read More

REVEALED: The Odds of Another "Black Monday"

October 19, 2018 / dailyreckoning.com

We lower our head... and pause in silent memory…For the black crepe went up on Wall Street 31 years ago today - Oct. 19, 1987.The Dow Jones plummeted 22.6% that distant "Black Monday"… its largest one-day fall ever.A comparable blood-spilling today would plunge the index some 5,700 points.How likely is an encore?Answer shortly.Meantime, the ghosts of October 1987 have the stock market...Read More

How to Invest Your Time for Maximum Returns

October 19, 2018 / dailyreckoning.com

My poor dad said he could not invest because he had no money. My rich dad said, "Invest your time when you have no money."Unfortunately, most people have no time to invest. Why? Because they think that working harder and longer will make them richer. Nothing could be further from the truth.Consider these facts:The average U.S. worker clocks in a little more than 1,800 hours per year at work-the hi...Read More

Prize Mining Announces Grant of Stock Options and RSUs

October 19, 2018 / prizemining.com

Calgary, Alberta (October 19, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Corporation") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announced today that, subject to regulatory approval, it has granted a total of 4,525,000 options to purchase common shares of the Corporation (the "Options") to directors, officers, employees and consultants of Prize. The options have an exercise price of $0....Read More

New research center to focus on subsurface resource models

October 19, 2018 / www.minesnewsroom.com

Colorado School of Mines and Virginia Tech have been awarded funding from the National Science Foundation to set up a new research center focusing on advanced subsurface earth resource modeling. Mines is the lead institute in the new Center for Advanced Subsurface Earth Resource Models (CASERM), which will bring together more than 20 faculty members from the two schools' geology, geophysics, ap...Read More

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