Jack ChanPosted Mar 19, 2018GLD – on sell signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on sell signal.***GDXJ – on buy signal.***Speculation is in bull market values.Data is supportive for overall higher prices.ABX - a major component in the gold indices as well as GDX, had a very high volume day early this month, and h...Read More
Global stocks were in retreat Monday, pulling U.S. equity futures into negative territory, as investors digest a series of major geopolitical developments over the weekend and prep for what could be the first of as many of four rate hikes from the Federal Reserve later this week in Washington. Wall Street is looking at extending last week's losses at the start of trading this week, according to...Read More
Wall Street is a scam.I've said it probably a thousand times. It's something I know from experience. Over the past 15-plus years, I've tried just about every investing strategy in existence.I've run a hedge fund that was successful. I ran a fund of hedge funds, which means I've probably analyzed the track records and strategies of about 1,000 different hedge funds.I've written several books about...Read More
This weekend, I spent a lot of time on the road...From an 8-hour drive for a family wedding on Saturday, to a half-marathon race through the streets of Atlanta Georgia, I had a chance to see a lot of pavement.And what I saw along the way was a “HUGE” opportunity for you to make some serious money in 2018.It’s all because of the badly needed infrastructure spending Trump has been...Read More
Investing.com - Gold prices were hovering at 2-week lows on Monday, as the U.S. dollar regained some strength ahead of this week's Federal Reserve policy meeting, although ongoing U.S. political woes were expected to limit the greenback's gains.Comex gold futures were down 0.22% at $1,309.7 a troy ounce by 03:20 a.m. ET (07:20 GMT), just off a two-week trough of $1,307.4 hit overnight.The dollar f...Read More
Harvey Organ says the need for the phyzz is not just considerable, it's urgent. Here's the details...by Harvey Organ of Harvey Organ BlogMARCH 19/GOLD REBOUNDS ON EU NEWS OF RAISING RATES AND ENDING QE/GOLD RISES $5.25 TO $1317.90 BUT SILVER IS UP ONLY A NICKEL TO $16.33/EU-BREXIT DEAL ANNOUNCED WHICH CAUSES THE BRITISH POUND TO RISE/MORE LOSSES FOR DEUTSCHE BANK/BOTH RUSSIA AND THE UK REMOVE DIPL...Read More
The precious metals community of advocates may need legal assistance. Position letters, or even lobbying. Most of the money in this world, in the USA, sits in government pension plans. Some of those who direct such plans say they are not legally allowed to buy silver or gold. Is this true? Do we need to change the law? Can they buy certain ETF's? I need help to be able to answer the...Read More
ORENINC INDEX - Monday, March 19th 2018Last week index score: 26.73This week: 40.03 Prospero Silver (TSXV:PSL) discovered a new gold & silver-bearing epithermal vein system during a three-hole drill program at the Pachuca SE project in Hidalgo, Mexico.Avrupa Minerals (TSXV:AVU) said its C$500,000 private placement financing is fully subscribed.The Oreninc Index surged in the week ending M...Read More
As a result of the negative correlation between the U.S. dollar and gold prices, a weakening U.S. dollar would mean that we could expect rising gold prices, and a strengthening U.S. dollar would mean that we could expect falling gold prices.Typically, when the U.S. dollar loses value, investors look for alternate investments to store value.The opposite of Bitcoin, which is trading at US$8,493.02,...Read More
ORENINC INDEX - Monday, March 19th 2018Last week index score: 26.73This week: 40.03 Prospero Silver (TSXV:PSL) discovered a new gold & silver-bearing epithermal vein system during a three-hole drill program at the Pachuca SE project in Hidalgo, Mexico.Avrupa Minerals (TSXV:AVU) said its C$500,000 private placement financing is fully subscribed.The Oreninc Index surged in the week ending M...Read More
Energy Fuels Inc (TSE:EFR, NYSE:UUUU) shares nudged higher as it today outlined "bridges" of opportunity to increase primary production from its US uranium mines as market conditions improve.In a letter to shareholders, new president and chief Mark S. Chalmers, pointed out that the group has a portfolio that is unmatched in the US uranium industry in terms of production scalability, licensed and p...Read More
Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018-low. The three-month copper price closed 1.4% lower and hit a low of $6,730 per tonne earlier in the day - the lowest since December 14, 2017. "This comes amid broad-based downward pressure across the industrial metals, chiefly owing to a weaker global risk appetite...Read More
Canadian Nuclear Laboratories (CNL) has issued a request for proposals (RFP) for the design and construction of a CAD370 million (USD283 million) laboratory research complex that will be the largest single capital investment in the CAD1.2 billion revitalisation of its Chalk River site.The ANMRC is central to CNL's vision for Chalk River (Image: CNL)The Advanced Nuclear Materials Research Centre (A...Read More
Comex copper prices tumbled to a mid-December low after investors moved to the sidelines ahead of a critical US central bank meeting. Copper for May settlement on the Comex division of the New York Mercantile Exchange tumbled 3.30 cents or 1.1% to $3.0490 per lb. Earlier, the contract touched $3.0290, the lowest since December 13. The red metal is now on...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMar 20, 2018It’s very important for gold, bond, and stock market investors to stay focused on the main fundamental price drivers and ignore what may feel exciting but is largely irrelevant to price discovery. Citizen demand from China/India and US central bank policy are the main pr...Read More
Deteriorating real economic fundamentals - The most important economic report out last week was retail sales for February, which showed at 0.1% decline from January. This was a surprise to Wall Street's brain trust, which was expecting a 0.4% gain. Keep in mind the 0.1% decline is nominal. After subtracting inflation, the "unit" decline in sales is even worse. This was the third straight month ret...Read More
The main union at Antofagasta's Los Pelambres copper mine has agreed to extend government-led mediation by five days, postponing a potential strike there. Mediation started on March 9 after the union rejected Antofagasta's offer of a new labor contract and was...Read More
The US gold price was lower ahead of a two-day Federal Reserve Federal Open Market Committee meeting starting today, the first to be chaired by Jerome Powell and widely tipped to end with a rise in interest rates.Staff reporterNorthern Star gains20 MARCH 201820/03/2018commentsshareThe spot price was down slightly to around US$1,316 an ounce earlier today, however Australian gold miners were happy...Read More
Canada-based junior miner Wealth Minerals has entered into an agreement with Chile's state-owned Empresa Nacional de Mineria (Enami) to help it develop and commercialize its Salar de Atacama and Laguna Verde lithium projects. The strategic alliance gives the companies two years to study and assess the properties and to form a partnership for their exploration, development and mining, as well as fo...Read More
The second-quarter European ferro-chrome benchmark price will rise sharply once it is announced later this week, market participants spoken to by Metal Bulletin said.Traders have reported reduced liquidity while market participants await the release of the new settlement.On Friday, Metal Bulletin's benchmark indicator predicted that the settlement would be $1.41 per lb, which would represent a qua...Read More