"As always, there is no preset path for policy...And particularly with muted inflation readings that we've seen coming in, we will be patient as we watch to see how the economy evolves."Continue...Read More
Job growth ended 2018 on a high note, with nonfarm payrolls surging by 312,000 in the final month of 2018 though the unemployment rate rose to 3.9 percent.Continue...Read More
Gold and gold stocks, It is "high noon" at $1300About four years ago I wrote that a very knowledgeable gold mining person who has been an excellent source of information told me that there was a private meeting in a "large east coast North American city." Those attending the confidential meeting were representatives of central banks and large c...Read More
A CIBC report highlighted why investors should take a new look at this senior mining company with holdings on five continents. In a Jan. 2 research note, analyst Anita Soni reported CIBC resumed coverage of Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) with an Outperformer rating and a US$17 per share price target as it is "a new era for a new Barrick." Soni added, "There remains a 26% return to our pr...Read More
A ROTH Capital Partners report outlined the bullish thesis for this Canada-based mining company. In a Jan. 3 research note, analyst Jake Sekelsky reported that ROTH Capital Partners initiated coverage on Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE) with a Buy rating and a US$31 per share target price. The stock is currently trading at around US$25.76 per share."We view Kirkland Lake as a low cost, h...Read More
CloseGain/LossOn WeekGold $1284.90-$9.70+0.38%Silver$15.68-$0.05+2.02%XAU71.87-0.42%+3.14%HUI162.32-0.64%+2.64%GDM597.11-0.05%+1.57%JSE Gold1407.28-37.87+2.88%USD96.16-0.09-0.23%Euro114.00+0.01-0.41%Yen92.27-1.13+1.57%Oil$47.96+$0.87+5.80%10-Year2.659%+0.099-2.21%Bond146.8125-1.84375+0.71%Dow23433.16+3.29%+1.61%Nasdaq6738.86+4.26%+2.34%S&P2531.94+3.43%+1.86% The Metals: G...Read More
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading.The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 percent by midday in New York, but come largely after U.S. equity markets shook off an earlier bout of pessimism. In fact, the trajectory and health of the...Read More
The extreme bearish CoT positions necessarily imply the turning point in the gold market. Myth or fact? We invite you to read our today’s article about Comex positioning and find out whether futures will save gold. Usually, the Comex is seen by precious metals investors as the main public enemy. After all, it’s a marketplace for all these short futures which allegedly suppress the gold...Read More
I was going to look around to see if I could find a media article out there (complete with a TA trying to sound really important) that would be appropriate to be made fun of in our little Men Who Stare at Charts series. But then I decided to create my own chart, stare at it a little, post it and talk about it (hopefully not too self-importantly).Introducing an all too busy long-term (monthly) view...Read More
This is the 3rd article in a series of 4 articles that concludes in a trend forecast for the Silver price 2019. Silver Price Trend Forecast 2018 ReviewGold - Silver RatioSilver Price Trend Analysis 2019Silver Price Trend Forecast Conclusion for 2019The whole of this analysis was first been made available to Patrons who support my work. So for immediate First Access to ALL of my analysis and trend...Read More
CloseGain/LossOn WeekGold $1284.90-$9.70+0.38%Silver$15.68-$0.05+2.02%XAU71.87-0.42%+3.14%HUI162.32-0.64%+2.64%GDM597.11-0.05%+1.57%JSE Gold1407.28-37.87+2.88%USD96.16-0.09-0.23%Euro114.00+0.01-0.41%Yen92.27-1.13+1.57%Oil$47.96+$0.87+5.80%10-Year2.659%+0.099-2.21%Bond146.8125-1.84375+0.71%Dow23433.16+3.29%+1.61%Nasdaq6738.86+4.26%+2.34%S&P2531.94+3.43%+1.86% The Metals: G...Read More
CloseGain/LossOn WeekGold $1284.90-$9.70+0.38%Silver$15.68-$0.05+2.02%XAU71.87-0.42%+3.14%HUI162.32-0.64%+2.64%GDM597.11-0.05%+1.57%JSE Gold1407.28-37.87+2.88%USD96.16-0.09-0.23%Euro114.00+0.01-0.41%Yen92.27-1.13+1.57%Oil$47.96+$0.87+5.80%10-Year2.659%+0.099-2.21%Bond146.8125-1.84375+0.71%Dow23433.16+3.29%+1.61%Nasdaq6738.86+4.26%+2.34%S&P2531.94+3.43%+1.86% The Metals: G...Read More
By David Brady, CFAJust as Neo flexed his muscles upon learning he is "The One" and took out Agent Smith at the finale of The Matrix , Gold is now letting fiat currencies know who is really in charge. Many take credit for anticipating Gold's ascent from the lows in August, and yet they cite all of the wrong reasons for its appreciation: peak DXY, peak USD/JPY, falling real yields, speculative bu...Read More
During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report.Read More
The gold stocks' young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders' extreme bearishness of late summer has mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mounting gold-stock buying, with earnings set to surge on...Read More
By Jeff DesjardinsWe're only a few days into 2019, but it appears markets have picked up exactly where they left off.There is growing uncertainty and volatility almost everywhere, and individual events are starting to become catalysts for sell-offs or rallies. Whether it's Apple's recent profit warning or Fed chair Jerome Powell saying that he is "listening closely" to the markets, investors are...Read More
By Harris KuppermanFrom time to time, the investment world takes something as accepted wisdom and just runs with it. For whatever reason, investors seem convinced that the US Dollar is destined to go higher. I've heard lots of smart opinions why; interest rate differentials, GDP growth rate differentials, "The Dollar Milkshake Theory," "Prettiest Body in the Morgue" and the "Fear Trade." Over th...Read More
Precious metals markets are off to a strong start in 2019. Gold and silver both closed Thursday at multi-month highs as the stock market reversed sharply to the downside.Investors were disappointed by manufacturing data showing a slowdown in industrial output. They dumped economically sensitive stocks and bid the U.S. dollar lower on foreign currency exchanges. Markets now expect the Federal Res...Read More
By Marin KatusaOn Wednesday, January 2nd, CEO Tim Cook halted Apple stock and stated that the company's earnings would fall well short of analysts' expectations.A key reason behind the revenue miss was slowing Chinese demand.Tim Cook made the shortfall about the "trade wall" but he forgot to mention that iPhones aren't even a top 5 phone in China.Maybe Apple's overpriced products aren't what the...Read More
By Gary TanashianI was going to look around to see if I could find a media article out there (complete with a TA trying to sound really important) that would be appropriate to be made fun of in our little Men Who Stare at Charts series. But then I decided to create my own chart, stare at it a little, post it and talk about it (hopefully not too self-importantly).Introducing an all too busy long-...Read More