By: Keith Weiner, Monetary MetalsNewly elected Representative Alexandria Ocasio-Cortez recently said that Modern Monetary Theory (MMT) absolutely needed to be "a larger part of our conversation." Her comment shines a spotlight on MMT. So what is it? According to Wikipedia, it is:"a macroeconomic theory that describes the currency as a public monopoly and unemployment as the evidence that a...Read More
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we've been using for the last week or so. (Note: These numbers differ slightly from the ones given here earlier because the pattern's point 'C' low changed.) The 1330.40 'D' pivot wil...Read More
By: Avi Gilburt, ElliottWaveTrader.netThere is an old adage in the market which says that "everyone is a genius in a bull market." What that really means is that as long as you keep looking to the long side in a bull market, you will be seen as a genius.But, remember, one of the main perquisites for maintaining "genius" status is that we must be in a "bull market." So, how do you know when a bul...Read More
By: Gary TanashianFed Doves Take Flight (But We Are Not in Kansas Anymore)Wise guys trading Fed Funds futures see no more rate hikes in 2019, and a few even imagine a rate cut before year-end. Here are the projections for the next 3 meetings, showing an overwhelming view that the Fed will hold the current 225-250 target rate. Graphics: CME GroupAmong other misconceptions promoted in the media...Read More
US-China trade war result, FOMC and January nonfarm payrolls will be closely watched. Gold and silver demand will be dependent on the ability/inability to trade over $1300 and $1560. A big week for gold and silver bulls. FOMC meet will be scanned for the timing of the next interest rate hike. Markets do not expect any interest rate hike this year. FOMC or Nonfarm payrolls either of them indica...Read More
Chemesis International Inc. to Construct GMP Certified Extraction Facility & Production Lab in Bogota, ColombiaColombia based, La Finca Interacviva-Arachna Med announces plans to construct Certified Extraction Facility & Production Lab with International Export CapabilitiesJanuary 28, 2019Vancouver, BC - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the "Company" or "Chemesis...Read More
The gold price finally pierced resistance at $1,300 on Friday, hitting a 7-month high!Why is this important?The $1,300 level has been pesky resistance roughly 12 times over the past 3 to 4 years. A definitive move above this price is a bullish signal that could create a little FOMO (fear of missing out) in the gold market.It is a psychological price threshold, but also has implications for paper f...Read More
Gold is testing a key inflection point that could determine where it is months and months from now!Gold has created a series of lower highs over the past 8-years just below line (A). The rally over the past 4-months has gold testing the underside of this falling resistance line as well as the underside of line (B) at the same time.Gold looks to be facing a historical kiss of resistance at (1), wi...Read More
RAPAPORT... Lucara Diamond Corp. has recovered a 240-carat, "top-white"rough stone from the high-value portion of its Karowe mine in Botswana, it saidMonday. The diamond is the second weighing more than 100 carats thecompany has found this year, after it unearthed a 127-caratstone earlier this month. The miner will put both diamonds up for tender in March, along with otherlarge stones it has...Read More
RAPAPORT... Petra Diamonds' shares fell more than 15% in early trading Monday after theminer reported a significant slide in rough-diamond prices at its flagshipCullinan asset. The average price plunged 31% to $96 per carat at the miner'sSouth African asset in the first fiscal half ending December 31. That compares with an average of $140 per carat for the nine and a half years spanning July...Read More
RAPAPORT... The Rapaport Group is organizing a trip to Sierra Leone for members of the diamond and jewelry trade wishing to gain insight into the artisanal mining sector.The visit will provide an opportunity to meet and interact with theartisanal digger community in the country. The mission willpromote greater understanding of the role of the artisanalsector inthe jewelry industry. It will hi...Read More
(IDEX Online) - Gemological Science International (GSI) announced that Co-Founder and President Debbie Azar has become the newest member of the 24 Karat Club. Since 1902, The 24 Karat Club, located in Manhattan, has fostered the interests of the jewelry industry. "With a profound belief that values and integrity are found in creating lasting relationships, The 24 Karat Club aligns with GSI...Read More
(IDEX Online) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced the appointment of Regina Ciarleglio as Director of Membership. She will oversee the operations of the Membership Department, including membership development and retention. "We are thrilled to welcome Regina Ciarleglio to Jewelers of America," said JA...Read More
Lucara Diamond Corporation's Karowe mine, in Botswana, has yielded another significant find – a 240 ct top white gem diamond.It will be shown alongside the 127 ct, top white gem diamond recovered earlier this year, together with other exceptional diamonds recently recovered from Karowe at Lucara's upcoming diamond tender that will close on March 7.Advertisement"This . . . diamon...Read More
(IDEX Online) - The Diamond Producers Association, in association with Lakm?(C) Fashion Week, announced the winners of 'The Real Cut', a platform which will bring together emerging diamond jewelry designers from iconic jewelry brands to define future trends while drawing on their inspiration from diamonds. Shazia Motiwala of A.S Motiwala, Bhavana Jhakia of Om Jewellers, Rupam Singhal of Or...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points in pre-opening trade. Caterpillar dropped $6.10 to $130.76 after reporting lower than consensus fourth quarter earnings. SNC Lavalin ($SNC $48.50) is expected to open lower after the company lowered fourth quarter guidance. Goldman Sachs (GS $200.24), Morgan Stanley (MS $42.98), Deutsche Bank (DB $9.24) and...Read More
The gold price rose 1.66% to US$1,302.60. The Philadelphia Gold and Silver Index rose 4% to 71.17, and the Dow Jones Industrial Average rose 0.12% to 24,737.20. The S&P 500 Index fell 0.22% to 2,664.76.Shares of Yamana Gold rose 11.3% to US$2.57. The company produced 940,600 oz. gold in 2018, exceeding its full-year guidance by 20,600 oz. gold. It produced 270,200 oz. gold in the fourth quarter of...Read More
The S&P/TSX Composite Index rose 0.41% to 15,366.05. The S&P/TSX Global Mining Index gained 1.71% to 68.54, while the S&P/TSX Global Base Metals Index fell 1.03% to 107.44. Spot gold moved US$21.30 per oz. higher to finish the week at US$1,302.60 per oz., and the S&P/TSX Global Gold Index jumped 5.20% to 181.21.Royal Nickel posted the highest trading volume based on drill results from its Beta Hu...Read More
Frank Holmes, CEO and chief investment officer of US Global Investors, talks about gold and what to expect in the junior resource space in 2019.______________________________________________________________Investing News Network (INN)Find out more about investing by INN @http://investingnews.com/Want a FREE investor kit? Download here?+"http://investingnews.com/resource-fre...Follow us Facebook:ht...Read More
The Ultimate Gold Panel gets into a deep discussion about the future of Gold based on historical analysis and current economic trends. This is a must-watch for any investor who is serious about profiting from gold. VRIC January 2019SIGN UP FOR MY FREE NEWSLETTERhttp://www.europac.net/subscribe_free...Schiff Gold News: http://www.SchiffGold.com/newsOpen your Goldmoney account today: https://www.Gol...Read More