Aug 06, 2020 Guest(s): George Gero George Gero, managing director of RBC Wealth Management, warns investors that more volatility will hit the markets. Gero's history with gold dates back to his youth, when as a political refugee in Europe in 1945 he was able to escape with the help of gold coins. "As a young child, at the age of two, in Hungary I was an enemy of the state for having been born i...Read More
The gold miners’ stockshave rocketed higher this summer, smashing out of their usual summer-doldrumssideways grind. That atypical strengthhas been driven by gold steadily marching to major new secular highs, fueled bystrong investment demand. This hascarried gold stocks and the metal they mine back to their traditional strongseason, which begins with robust autumn rallies usually...Read More
Our hard working miner here (we’ll call him Huey) has been pushing his cart of rocks, first gently downhill from 2016 to 2018 and then uphill to a bull market since May 2019.As tracked in NFTRH, in 2019 the macro backdrop became positive for the gold stock sector as gold entered a bull market by taking out the 1378 level and its ratios to stock markets began to rise. Gold/SPX is among the mo...Read More
While the stock market is within a couple percentage points of all-time highs, gold is now testing the $2,000-per-ounce mark.This may seem counter-intuitive with both rising at the same time. In some ways it is, but it isn't.It isn't just a doom-and-gloom counter-narrative, though plenty of gold haters always see any rise in gold prices that way.Instead, what we're seeing is the formation of a lon...Read More
The gold miners’ stockshave rocketed higher this summer, smashing out of their usual summer-doldrumssideways grind. That atypical strengthhas been driven by gold steadily marching to major new secular highs, fueled bystrong investment demand. This hascarried gold stocks and the metal they mine back to their traditional strongseason, which begins with robust autumn rallies usually...Read More
Our hard working miner here (we’ll call him Huey) has been pushing his cart of rocks, first gently downhill from 2016 to 2018 and then uphill to a bull market since May 2019.As tracked in NFTRH, in 2019 the macro backdrop became positive for the gold stock sector as gold entered a bull market by taking out the 1378 level and its ratios to stock markets began to rise. Gold/SPX is among the mo...Read More
The days are getting hotter -- and so is the market's interest in the yellow metal.Read full newsRead More
(Kitco commentary) - You may have heard that gold typically rallies seasonally from the middle of the year. This trend is driven by jewelry demand, which increases ahead of the Christmas business, the Indian wedding season and the Chinese New Year celebrations on the back of advance purchases by jewelers, which tend to put upward pressure on prices.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN made a strong charge before finally pushing up and through the milestone 1,000 level. It rose 32.75 points, or 3.3%, and closed at 1018.85, flourishing 6.6% in the last month alone.MACD jumped 1.51 points to 1.82 points. RSI accelerated 7.72 points, or 12%, to 70.38...Read More
India Business News: India's refined fuel consumption in July slipped from June, according to preliminary industry data, indicating slower industrial activity as high retaRead full newsRead More
The rush for bullion, unsurprisingly comes amid the worst public-health crisis in generations, but what does the climb in the centuries-old haven asset mean...Read full newsRead More
Market NewsRead full newsRead More
When Mike Green of Logica Capital Advisors posted his thoughts on the direction of stocks March 26th, he suggested there was almost an inevitability of higher equity prices. In making his dispassionate and prescient bullish call he said: Then the unavoidable conclusion is that markets could aggressively reprice higher as money flows into passive strategies; this becomes particularly true if the...Read More
Stephanie Kelly, Koustav Samanta, Bozorgmehr SharafedinRead full newsRead More
(Bloomberg) -- Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Saudi Arabia's Mohammed Al Amoudi and Russia's Alexander Nesis and the family of Suleiman Kerimov have the largestRead full newsRead More
Since the year beginning, oil exports went down by 8.8%, to 140.2 million tonnesRead full newsRead More
Here are five Fastmarkets stories you might have missed on Friday July 31 that are worth another look.Pig iron export prices from Brazil continued to climb in the week to July 31 on new sales to China and the United States.Chilean copper producer Codelco will restart...Read More
Comex December gold futures had touched $2,009.50/oz earlier but were around $1,998/oz at the time of writing.Spot gold was worth about $1,981/oz.US growth took its worst hit on record in the second quarter, while the S&P 500 stands some 4% below all-time highs, Reuters reported, with the continued divergence between stocks and the real economy worrying some investors."With US real interest ra...Read More
Here are five Fastmarkets stories you might have missed on Friday July 31 that are worth another look.Pig iron export prices from Brazil continued to climb in the week to July 31 on new sales to China and the United States.Chilean copper producer Codelco will restart...Read More
Here are five Fastmarkets stories you might have missed on Friday July 31 that are worth another look.Pig iron export prices from Brazil continued to climb in the week to July 31 on new sales to China and the United States.Chilean copper producer Codelco will restart...Read More