As flagged by MNN when Bellevue raised A$26.5 million last week, BlackRock was a cornerstone investor to that placement.Read More
Today is Thursday, April 2, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,626.25. It's up 0.77% from yesterday and up 26.0...Read More
Today is Thursday, April 2, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of NACCO Industries (NYSE: NC), Parsley Energy (NYSE: PE), and Ovintiv (NYSE: OVV).NACCO Industries (NYSE: NC)NACCO Industries (NYSE: NC) is a $183.83 million company today with a one-year return of -32.72%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-value-to-f...Read More
Fears of a global recession stemming from the coronavirus panic, coupled with a dip in commodity prices, sparked an overwhelming flight to gold and safe-haven assets.Investors looking to buy physical gold right now will find themselves in a market of unusually low inventories and extraordinarily high prices.Today, we'll briefly look at the gold bullion market, and I'll show you the most affordable...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeek Week Ended April-3, 2020 $GORO, $EXK, $PAAS, $NEM, $TXG.TO, $GPL, $AG, $USAS, $EXN.TO, $AEM, $AGI, $AR.TO, $ALO, $BTG, $EQX, $BTG, $GCM.TO, $INV.TO, $KGC, $KL, $PG.TO, $PVG, $OSK.TO, $OR, $SAND, $TMR.TO, $WPM The Mexican federal government has mandated that all non-essential businesses, including mining, temporarily suspend oper...Read More
By Mike Gleason A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week. But this deluge of bad news didn't seem to catch investors by surprise. Instead of crashing to new lows, the stock market held within a trading range and rallied yesterday following the release of a horrific jobs report. It's been a huge week f...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,52928,68032,344128,083412,042447,956473,066Change from Prior Reporting Period -30,399-882-11,535-7,628-35,492-49,562-47,909Traders18355635752269146 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,69622,586495,652 -2,120-3,773-51,682 non reportable positionsCha...Read More
By Dave KranzlerUnequivocally, gold does not trade on the Comex. The Comex trades paper gold derivatives. It is a futures and options exchange on which a small amount of 100 oz. gold bars change ownership each contract month. The transfer of title is facilitated by the creation of an electronic record called a "warrant." But even these "warrants" which assign title to specific bars are derivativ...Read More
By Jp CortezTwo weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people.And last week, on March 27, Trump signed a stimulus package of over $2 trillion dollars to provide relief to an economy on the precipice of collapse.T...Read More
Gold miners' stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce. That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks' next major upleg. The resulting fierce rebound signals it is already underway, with plenty of speculators and investors now chasing the huge gains...Read More
By: Ira Epstein$1484.60 - 1672.40 rang on gold. Not good for the emotional trader. Gold is building a better base. But the overall pattern..Read More
Gold, silver and copper are bullish. Crude oil is bullish. But some weekend correction can be there. At the moment rise in crude oil is short covering. If crude oil manages to trade over $23.00 till Tuesday, then chances of a long term bottom formation will be very high. A lot of people are worried as to what will happen to gold and silver after the release of today's US March nonfarm payrolls?...Read More
In conversation with Maurice Jackson of Proven and Probable, the CEO of Millrock Resources describes the company's latest news.Maurice Jackson: Today we will find out the latest developments from Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB) regarding drilling and assay results on the 64 North Gold Project, located in the prolific Tintina gold province in Alaska. Joining us for a conversation i...Read More
Item: March 16, 2020. A hugepoly-metallic (gold, silver, copper) mining operation in Mongolia "has suspendedoperations" after authorities "restricted the movement of goods andpeople within the country." Item: March 17. In Peru, one of the world's largestprimary silver-gold producers has its 4 mines "temporarily suspended"following the Government's Declared S...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeek Week Ended April-3, 2020 $GORO, $EXK, $PAAS, $NEM, $TXG.TO, $GPL, $AG, $USAS, $EXN.TO, $AEM, $AGI, $AR.TO, $ALO, $BTG, $EQX, $BTG, $GCM.TO, $INV.TO, $KGC, $KL, $PG.TO, $PVG, $OSK.TO, $OR, $SAND, $TMR.TO, $WPM The Mexican federal government has mandated that all non-essential businesses, including mining, temporarily suspend oper...Read More
By Mike Gleason A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week. But this deluge of bad news didn't seem to catch investors by surprise. Instead of crashing to new lows, the stock market held within a trading range and rallied yesterday following the release of a horrific jobs report. It's been a huge week f...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,52928,68032,344128,083412,042447,956473,066Change from Prior Reporting Period -30,399-882-11,535-7,628-35,492-49,562-47,909Traders18355635752269146 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,69622,586495,652 -2,120-3,773-51,682 non reportable positionsCha...Read More
By Dave KranzlerUnequivocally, gold does not trade on the Comex. The Comex trades paper gold derivatives. It is a futures and options exchange on which a small amount of 100 oz. gold bars change ownership each contract month. The transfer of title is facilitated by the creation of an electronic record called a "warrant." But even these "warrants" which assign title to specific bars are derivativ...Read More
By Jp CortezTwo weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people.And last week, on March 27, Trump signed a stimulus package of over $2 trillion dollars to provide relief to an economy on the precipice of collapse.T...Read More
Gold miners' stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce. That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks' next major upleg. The resulting fierce rebound signals it is already underway, with plenty of speculators and investors now chasing the huge gains...Read More