By Dave KranzlerA couple of my subscribers emailed me expressing frustration over the fact that their recent homebuilder puts are either not moving higher or losing value despite the sell-off in the overall stock market. There's two factors. First, the homebuilder sector has dropped well over 30% since late January. To an extent there may be some seller's fatigue. At some point there will be sho...Read More
By Clint SiegnerThe Democratic party will be moving back into the control room in the House of Representatives.Congress may commemorate the return to split government with a partial shutdown. The feud over construction of a border wall looks like it will not be resolved in time. It could be the first of many political dramas in 2019.The debate over funding for the wall is theater, make no mistak...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, up 1.41 percent, though hedge funds cut their long position to a three-week low. ICBC Standard Bank, however, sees palladium hitting $1,500 an ounce by 2020. Gold traders and analysts were mostly bullish on the yellow metal this week on concerns about a potential U.S. government shutdown and ongoing uncertainty around Bre...Read More
By David HaggithThe Big Bear is back. Ursa Major is in the house of the rising sun, and Taurus is in the house of the setting sun. Those are bad signs for investors who are now daily diving into their horoscopes. The market is pouring out of an inverted Big Dipper, otherwise known as the Big Bear (Ursa Major), and no one (not even the Fed chair) nor any positive event seems able to stop it. I ca...Read More
By Justin SmythAssets that are typically the most inversely correlated to the stock market during bear markets have started exploding higher in the last few weeks. The IEF bond ETF broke out of a Stage 1 base recently. The utilities ETF XLU broke out of a Stage 2 continuation pattern and is making new all-time highs. Gold mining stocks are the sector I'm paying very close attention to right no...Read More
By PlungerUsing Charles Dow's well known method of reading the stock market's movements , on Friday December 14th 2018 , the averages confirmed a bearish indication and can now be classified to be in a bear market. This action Friday is the first occurrence of a valid bear market signal in 11 years. Together the Dow Industrials and Transportation averages triggered a bear market signal followi...Read More
Gold is not only flowing from West to East.It is also flowing into the house account at Goldman Sachs. Or at least the paper claims for it in New York.Below is the monthly report showing the large amounts of physical gold which have been steadily flowing through the Shanghai markets into strong hands in China.Few commentators are talking about this.What is less familiar, and what I have not read...Read More
Full Article: Outlook 2019 - Rush to SafetyBy: Kitco News(Kitco News) - Once again the Kitco News team has been working hard to create the definitive resource for precious metals investors ahead of 2019.Our efforts have again paid off with today's launch of 2019 Outlook - Rush To Safety. I have lost count of all the bank reports we have read, analysts we have talked to, and data we have review...Read More
This won't be the last time that you read this headline.The stock market is crashing again to start the last trading week before Christmas. The Dow and S&P 500 both declined by 2.1% today, while the NASDAQ is down 2.3%. The major drivers of this market decline are slowing growth projections, an escalating trade war between the United States and China, as well as rising interest rates.Investors are...Read More
Bix did the grunt work, and he found the secret silver hoard that has been supplying the physical market for all of these decades. Here are the details...by Bix Weir from Road to RootaSILVER SECRET: Why doesn't the world know about this 2.75B oz secret silver hoard. Why doesn't every silver mining company talk about it? Why don't they teach it in school? Why? Why? Why? Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (December 17, 2018) - Mega Uranium Ltd. (MGA: TSX) is pleased to announce the closing today of the first tranche of its previously announced non-brokered private placement (the "Financing"), pursuant to which the company raised aggregate gross proceeds of $1,310,000 from the issuance an...Read More
RAPAPORT... A pink diamond recently submitted to the Central GemLaboratory (CGL) in Tokyo was found to be a chemical vapor deposition (CVD)synthetic stone, treated only with Low Pressure-High Temperature (LPHT). The marquise brilliant-cut, 0.192-carat diamond is an unusualfind, as stones of this nature are generally treated with a multistep process thatfirst uses High Pressure-High Temperature (HP...Read More
RAPAPORT... Chow Tai Fook has signed a memorandum of understanding(MoU) with online giant Tencent that will enable its customers to completetransactions using WeChat Pay, the Hong Kong-based jeweler said Monday. Beginning next year, Chow Tai Fook will allow customers to payfor purchases via the app's electronic-payment platform in designated stores inmainland China. It will gradually rollout...Read More
(IDEX Online) -Vicenza's Museo del Gioiello, the first such museum in Italy, and one of only a few in the world exclusively dedicated to jewelry, has opened a new collection which will be on display until the end of 2020. The museum is managed by the Italian Exhibition Group SpA (IEG) in partnership with Vicenza Municipality. The opening event was attended by the Deputy Mayor of Vicenza, Ma...Read More
(IDEX Online) - Zimbabwe's Mining Minister Winston Chitando said De Beers and Vast Resources will be allowed to explore for diamonds, making them the first listed companies to mine in the country for several years. However, a spokesperson for De Beers told Reuters that it was not mining in Zimbabwe and did not intend to, while Vast Resources said it could not comment. Earlier th...Read More
(IDEX Online) - Angolan mining company Sociedade Mineira da Catoca is to invest $330 million over the next three years in large sample collection works in the area of the future Luaxe mine, according to the company's Director General Benedito Paulo. The work is due to begin in the first half of next year, with the collection of data on the quality of diamonds and their price levels, upon wh...Read More
Look beyond market approach to project valuations: van ZylLeadershipMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsAmong the top five, "Commodity price optimism and the curious case of uranium" caught readers' eyes.Anarcho Capital senior an...Read More
The three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday December 17. The exception was zinc, the price of which was up by 1.3% at $2,565 per tonne. The three-month copper price was down by $1.50 per tonne at $6,139 per tonne. Volume across the complex has been above average with 6,271 lots traded as at 7.53am London time. The preci...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.Nutrien (NTR $62.87 Cdn) is expected to open higher after the company announced an addition to its share repurchase program.Abbott Labs (ABT $70.76) is expected to open higher after the company announced a 14% increase in its dividend. Northern Trust (NTRS $86.37) is expected to open lowe...Read More
Rich dad used to say, "When it comes to money, many people are financial hypochondriacs."Their thinking comes from the lower mind which blurs their vision of the future. These are the people who often drive their car by looking into the rearview mirror. Their fear of losing causes them to not take action when once-in-a-lifetime opportunities are placed right in front of their eyes.Later as they dr...Read More