Base metals prices on the London Metal Exchange were more negative than positive on the morning of Thursday May 10, with all of the metals, except for tin (+0.2%) and lead (0.0%), down by an average 0.6%. Aluminium prices led the decline with a 1.1% drop to $2,330 per tonne, while copper prices were down by 0.1% at $6,811 per tonne.Volume on the LME has been below average, with 4,769 lots traded a...Read More
For most Americans the geopolitical/financial crises of the 1970s happened so long ago that they're about as relevant as the Revolutionary War or the Reformation. But for seasoned citizens who were around back then and paying attention, the similarities to today are becoming both eerie and scary. Consider:In the early 1970s the Middle East was a hotly contested part of the world, with Russia (th...Read More
Edward Sterck, an analyst with BMO Capital Markets, discussed the implications of its recent suspension of shipments for this Chilean firm in the short and medium term. Copper tubes.In a May 8 research report, analyst Edward Sterck with BMO Capital Markets relayed that Antofagasta Plc (ANTO:LSE) has resolved the blocked concentrate pipeline at Los Pelambres that caused concentrate shipments to be...Read More
HighlightsTim Draper, Silicon Valley V.C. legend, author of How to be The Startup Hero, founder of Draper University and Bitcoin expert makes his show debut. In only 5 years, Draper University has set a new standard in education, with several success stories including one graduate who created a billion dollar crypto-token company.Our guest had the foresight to purchase 30,000 Bitcoins in 2014 fr...Read More
CIBC reviewed this mid-tier company's Q1/18 results. In a May 7 research note, CIBC analyst David Haughton reported that IAMGOLD Corp. (IMG:TSX; IAG:NYSE) "continued the recent positive operating momentum with strong Q1/18 results, and these good results should be well received."The miner's adjusted earnings per share for the quarter were $0.09, higher than CIBC's estimate of $0.05 and "well ahea...Read More
Angered by President Trump's decision to pull out of the Iran nuclear deal, German Chancellor Merkel has urged Europe to get its act together and stop relying on the US for defense protection. If Europe follows through, it can only be good news for the US...Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, incl...Read More
Source: Chris Vermeulen for Streetwise Reports 05/09/2018 Chris Vermeulen of Technical Traders discusses what he believes is ahead for U.S. stocks. -->Since before the start of 2018, we have been relying on our advanced predictive modeling systems, technical analysis and our understanding of the capital markets to help our members take advantage of the incredible price swings in 2018.These...Read More
The first quarter saw some high-profile M&A activity in the precious metals sector. In this interview with Streetwise Reports, Ralph Aldis, portfolio manager of U.S. Global Investors, discusses the market landscape and some companies that could be takeover targets. The Gold Report: Ralph, there have been some high-profile mergers and acquisitions (M&A) in the mining space in Q1/18. Would you tell...Read More
CloseGain/LossGold $1320.60+$8.80Silver$16.72+$0.23XAU83.81+1.74%HUI182.34+1.15%GDM640.58+1.23%JSE Gold1059.60-30.74USD92.66-0.46Euro119.25+0.74Yen91.34+0.13Oil$71.36+$0.2210-Year2.967%-0.038T-Bond143.1875+0.53125Dow24739.53+0.80%Nasdaq7404.97+0.89%S&P2723.07+0.94% The Metals: Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midd...Read More
Democratic Republic of the Congo (DRC) miner Gecamines' push to dissolve Katanga Mining Ltd subsidiary Kamoto Copper Company (KCC) has been delayed according to a release from Katanga on Tuesday May 8. Glencore-owned Katanga received a decision from the DRC Supreme Court allowing KCC to challenge the competency of the Kolwezi Commercial Court to rule on litigation regarding the dissolution of...Read More
Is gold headed below $1000? I doubt it. Like every other bullion investor who has tired of watching gold's price meander sideways for nearly six years, I've grown increasingly disappointed and frustrated. But also concerned, as many apparently are, that one last, hellish plunge may be necessary to shake out the weak hands. However, looking at the long-term chart, I'm persuaded that bulls still...Read More
For Part 1 of this interview, CLICK HEREMax Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this te...Read More
CloseGain/LossGold $1320.60+$8.80Silver$16.72+$0.23XAU83.81+1.74%HUI182.34+1.15%GDM640.58+1.23%JSE Gold1059.60-30.74USD92.66-0.46Euro119.25+0.74Yen91.34+0.13Oil$71.36+$0.2210-Year2.967%-0.038T-Bond143.1875+0.53125Dow24739.53+0.80%Nasdaq7404.97+0.89%S&P2723.07+0.94% The Metals: Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midd...Read More
CloseGain/LossGold $1320.60+$8.80Silver$16.72+$0.23XAU83.81+1.74%HUI182.34+1.15%GDM640.58+1.23%JSE Gold1059.60-30.74USD92.66-0.46Euro119.25+0.74Yen91.34+0.13Oil$71.36+$0.2210-Year2.967%-0.038T-Bond143.1875+0.53125Dow24739.53+0.80%Nasdaq7404.97+0.89%S&P2723.07+0.94% The Metals: Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midd...Read More
May 10, 2018, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V:NEE) (OTC Nasdaq Intl.:NHVCF) (the "Company" or "Northern Vertex") is pleased to announce the appointment of William (Bill) Martinich to the position of General Manager at the Company's 100% owned Moss Gold Mine, located near the city of Bullhead, NW Arizona, USA. Mr. Martinich is a dedicated mining professional with over 20 y...Read More
By RambusThis first chart is a daily line chart for GLD which shows it has completed 5 reversal points so far and is working on the all important 6th reversal point back up to the top rail. This is where the bulls need to step up to the plate.The weekly chart below shows the 2 1/2 year triangle that has been building out with 5 completed reversal points so far. A touch of the bottom rail will co...Read More
by Claudia Carpenter, BloombergIran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country's gold demand to start falling, according to data from the Wor...Read More
In the world of crypto, false rumors abound. Talk of a worldwide crypto ban is the latest and most incredible claim of this nature.Consider the entire internet one giant troll box. Bitcoin serves as the ultimate troll food.Trolls feed off of reactions to their ridiculous assertions. That's why the number one rule of anything online is: don't feed the trolls.Unfortunately, sometimes you can't help...Read More
Full Article: SWOT AnalysisBy: Frank HolmesThe best performing metal this week was silver, up 0.14 percent. Gold traders were back to bullish this week after gold bounced off its 200-day moving average after dropping to its lowest since December on Tuesday, according to the Bloomberg weekly survey of traders. The yellow metal fluctuated on Friday morning after the jobs report came out with mixed...Read More