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Gold Price Trend Forecast Review and Stocks Brief / Commodities / Gold and Silver 2018

December 24, 2018 / www.marketoracle.co.uk

Here's a quick update of my Gold Price trend forecast.My forecast conclusion as of early September was to expect the following trend for the Gold Price for the remainder of 2018 My gold price trend forecast was first made to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 pe...Read More

Gold Seeker Closing Report: Gold and Silver Gain Over 1% While Stocks Drop Almost 3%

December 24, 2018 / news.goldseek.com

Please note: US markets are closed tomorrow for Christmas. CloseGain/LossGold $1269.00+$13.50Silver$14.77+$0.15XAU70.55+2.74%HUI161.79+3.40%GDM586.16+2.58%JSE Gold1359.59+42.78USD96.49-0.54Euro114.21+0.58Yen90.68+0.66Oil$42.53-$3.0610-Year2.734%-0.049T-Bond145.40625+0.59375Dow21792.20-2.91%Nasdaq6192.92-2.21%S&P2351.10-2.71% The Metals: Gold gained nearly $10 in Asia before it halved its...Read More

Treasury Secretary Panics as Markets Melt Down and Trump Mulls Firing Fed Chair Powell

December 24, 2018 / news.goldseek.com

Wall Street didn't take well to the Federal Reserve's latest rate hike and projection for two more to come in 2019.Neither did the White House.President Donald Trump slammed Fed chairman Jerome Powell yet again and reportedly asked advisors within his inner circle whether he has the legal authority to fire Powell.It would be unprecedented for a President to fire a Fed chairman before his term is...Read More

Gold Miners Are Crushing the Market in the Face of Higher Rates

December 24, 2018 / news.goldseek.com

By Frank HolmesSummary:Anticipating trouble ahead, fund managers make a historic rotation out of equities into bonds.Gold and gold mining stocks have been the one bright spot this quarter.Tax reform turns one year old. Has it achieved what was expected?Disregarding strong opposition from the likes of DoubleLine Capital founder Jeffrey Gundlach, legendary hedge fund manager Stanley Druckenmiller,...Read More

Something Wicked This Way Comes. Is it the Fed? Is it the President? Is it the Treasurer?

December 24, 2018 / news.goldseek.com

By David HaggithMake no mistake about it, there's real fear and panic out there as markets are dislocating to the downside.... But note that on many charts we are showing 2008/2009 like conditions, something that is entirely inconsistent with the earnings and economic data we're still seeing: It's almost as if markets are pricing in a financial crisis that has yet to occur.... I see slowing grow...Read More

GoldSeek Radio: Gerald Celente and David Morgan, and Chris Waltzek

December 24, 2018 / news.goldseek.com

Featured GuestsGerald Celente & David MorganHappy Holidays - Merry Xmas!Show HighlightsPart II with Trends Research Institute and Globalnomic(R) Trend Forecaster, Gerald Celente includes 4 key trends.Higher interest rates, oil prices, social unrest and war rate high on the watchlist.The economic recession in the Crimea region could ignite conflict between two powerful former allies, Ukraine and...Read More

SWOT Analysis: Central Banks Scooping Up Gold This Christmas

December 24, 2018 / news.goldseek.com

By Frank Holmes StrengthsThe best performing metal this week was gold, up 1.39 percent. Gold traders continue to be bullish on the yellow metal amid concerns about economic growth, as measured by the weekly Bloomberg survey. ETFs backed by gold saw holdings increase for 10 days straight, bringing this year's net purchases to 1.47 million ounces, according to data compiled by Bloomberg. Gold sto...Read More

Are Stocks Overvalued

December 24, 2018 / news.goldseek.com

By Keith WeinerWe could also have entitled this essay How to Measure Your Own Capital Destruction. But this headline would not have set expectations correctly. As always, when looking at the phenomenon of a credit-fueled boom, the destruction does not occur when prices crash. It occurs while they're rising. But people don't realize it, then, because rising prices are a lot of fun. They don't rea...Read More

Technical Scoop - Weekend Update December 24 2018

December 24, 2018 / news.goldseek.com

TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 24, 2018"At the end of each year I make a list of my mistakes, and it's pretty friggin long" Dean Lombardi (ice hockey executive, GM San Jose Sharks 1996-2003, GM Los Angeles Kings 2006-2017 "I made no resolutions for the new year. The...Read More

Powell, the Third Mandate, the New Fed and Crawdads

December 24, 2018 / news.goldseek.com

By John MauldinPowell and the New FedLate in the CycleBond BoomPriced to SellA Little NostalgiaWe have reached the best time of year, when we can look to the future with hope. We can stop wondering what will happen in 2018 and look forward to 2019. The investment industry always does this enthusiastically, as you will see in forecasts everywhere the next few weeks.Not wanting to be left out, or...Read More

Peak Oil, Peak Gold, Peak Whatever ... Phooey!

December 24, 2018 / news.goldseek.com

A Monday Morning Musing from Mickey the Mercenary Geologist Non-renewable natural resources (e.g., industrial metals, precious metals, agricultural minerals, industrial minerals and rocks, energy fluids, and energy solids) are extracted from Earth's surface and its depths. Exploitation of these resources naturally leads to depletion and more must constantly be found, developed, and mined. In ou...Read More

Asian Metals Market Update: Dec 24 2018

December 24, 2018 / news.goldseek.com

MERRY CHRISTMASThe US government shut down (if any) should be bullish for gold once again. I repeat, other than economics all other factors are ripe for 2019 to be a "gold en" year. There is speculation that Trump may replace the Federal Reserve chief Jeremy Powell. The US dollar will lose its so called safe haven status if there is such a move. The euro and pound and even the Chinese have som...Read More

Mega Uranium Ltd. Closes Final Tranche of Private Placement

December 24, 2018 / www.megauranium.com

December 24, 2018NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (December 24, 2018) - Mega Uranium Ltd. (MGA: TSX) is pleased to announce the closing today of the final tranche of its previously announced non-brokered private placement (the "Financing"), pursuant to which the company raised additional aggregate gross proceeds of $44...Read More

Alrosa Moves Closer to Kristall Takeover

December 24, 2018 / www.diamonds.net

RAPAPORT... The Russian government has approved Alrosa's acquisition of Kristall,the diamond manufacturer said Monday.Alrosa has hired Maxim Shkadov, Kristall's director general,to work on integrating the two companies, Kristall added. Alexey Romankov,Kristall's deputy director general and production director, will take over asacting general director at the cutting firm until the next shareholder...Read More

Court Orders Pluczenik to Pay $3M Broker Fees

December 24, 2018 / www.diamonds.net

RAPAPORT... Diamond manufacturer Pluczenik must pay $3.3 million to abroker that claimed the company breached a pact made almost 25 years ago, a courthas ruled. The case dates back to a 1994 oral agreement between broker WilliamNagel and Isaac Pluczenik, then CEO of Pluczenik. Nagel agreed to reduce hiscommission for services at De Beers' sights on condition Pluczenik retainedNagel as its bro...Read More

Zambian Tax Authority Clears Gemfields

December 24, 2018 / www.diamonds.net

RAPAPORT... The Zambian Revenue Authority (ZRA) has cleared Gemfields' subsidiary Kagem Mining of all tax-evasion allegations following an investigation at itsemerald mine earlier this year. The ZRA has advised Kagem that all matters under scrutinyhave been "suitably addressed," Gemfields said last week. The tax authorityfound no instances of wrongdoing or late payment by either party, the mi...Read More

Zimbabwe Ventures into Higher-Value Mining

December 24, 2018 / www.diamonds.net

RAPAPORT... The Zimbabwe government has installed a crushing plant atits Marange diamond deposit as it aims to shift from alluvial operations tohigher-value mining. The Zimbabwe Consolidated Diamond Company (ZCDC) hopes toincrease annual output to 10 million carats within the next five years, the nation'sMinistry of Information, Publicity and Broadcasting Services said in a Twitterpost last w...Read More

Willie Nagel Wins Case Against Antwerp's Pluczenik In UK Appeal Court

December 24, 2018 / www.idexonline.com

(IDEX Online) - The England and Wales Court of Appeal recently ruled in favor of veteran diamantaire Willie Nagel in a case featuring Antwerp sightholder Pluczenik.   The Belgian firm will have to pay $3.3 million to its former broker, W Nagel Ltd., after the court agreed with a ruling of a lower court that Pluczenik violated an agreement between the sides from 20 years ago.   Nagel told...Read More

Diamcor Final Q3 Tender: $195.66 Average Price Per Carat

December 24, 2018 / www.idexonline.com

(IDEX Online) - Diamcor Mining Inc. sold 1,905 carats of rough stones from its Krone-Endora at Venetia Project for $303,138.39, resulting in an average price of $158.60 per carat.   The company tendered 2,256 carats of rough diamonds; the balance of 351 carats will be tendered along with additional rough diamonds delivered by the company in January.         Tota...Read More

Second Diamond Polishing Plant To Be Established In Angola, Says Sodiam CEO

December 24, 2018 / www.idexonline.com

(IDEX Online) - The head of Angolan diamond marketing company Sodiam said a second diamond cutting and polishing factory is to be established in Saurimo in February.   Sodiam CEO Neves Silva said that the plant, part of the company's strategic plan for the 2018-2022 period, will initially be able to process 4,000 carats of rough diamonds per month, according to a report on Macauweb.   Th...Read More

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