File image. Gold slipped further on Wednesday as economies across the world try to return to normalcy after a long period of lockdown, drawing investors towards riskier assets - even as the number of covid-19 cases continues to spike.A stronger US dollar and expectations that gold supply will grow once bullion refineries resume operations also exerted downward pressure on the precious metal's pri...Read More
China returns from the Labour Day break today, while US president Donald Trump tweeted it was "exciting to see our country starting to open up again!"The S&P 500 closed up 0.9%, the FTSE 100 rose 1.66% and commodity prices closed higher on the London Metal Exchange, where copper was up more than 0.6%.Among the mining majors, diversified Rio Tinto (LSE: RIO) and copper major Freeport-McMoRan (N...Read More
In a note published on Wednesday, Gavin Thompson, vice chair of Asia-Pacific at Wood Mackenzie, said China's exports, which accounted for 17% of the country's GDP in 2019, were being hit hard by theRead More
Share this articleTORONTO - Barrick Gold Corp. has withdrawn production guidance for its Porgera gold mine in Papua New Guinea after suspending operations amid a dispute with the national government over an extension of its expired mining permit.The company now expects its 2020 overall gold production to be between 4.6 and 5.0 million ounces, about 200,000 ounces lower than its previous estimate...Read More
Share this articleTORONTO - Barrick Gold Corp. says it earned US$400 million in its first quarter, up from US$111 million in the same quarter a year earlier.The gold miner, which keeps its books in U.S. dollars, says the profit amounted to 22 cents per share compared with six cents per share in the first quarter of 2019.On an adjusted basis, Barrick says it earned US$285 million or 16 cents per s...Read More
Check out this headline ...According to Duke professor Campbell Harvey, a coronavirus vaccine will end the U.S. downturn and the positive yield curve is an upbeat sign.Now I'm not an economics expert. And my knowledge of economics is significantly inferior to that of Professor Harvey, but I just don't see it.Even if we do get a vaccine by the end of the year, how does that make up for the increa...Read More
"Gordon Moore called it better than anyone else, and he's going to make you very, very rich."Normally, the gruff voice behind such a statement would float over to me from the desk next to me.But, things aren't too normal these days, and Christian DeHaemer's excited tone was carried over from his home office via webcam.And whenever my pre-COVID cubicle cellmate here at the office starts off like th...Read More
By David SmithMost resource sector writers (including me) have for a long time been "wrong" about gold and silver.When they ran from $250 and $5 an ounce, respectively, to $1,920 and $49 in 2011, those who listened, acted, and sold a bit did quite well. We argued the "longer time bullish case" as these metals dropped into their final cyclical bear market graves in late 2015.But that was then......Read More
By Ricky WenTuesday's session played out as a 'gap up and go' structure that faded in the final few minutes of regular trading hours (RTH). If you recall, RTH opened at 2863.25 after Monday's closing print of 2827.5 on the Emini S&P 500 (ES), so it was a +1.2% gap up. Then price action continued in the trending direction for the majority of the day, forming higher lows and higher highs as the...Read More
By: Gary SavageThe $SPX daily cycle low hit? Hard to tell but the 200-DMA resistance zone is..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold does not want to go much lower, it appears but over the short-term a bearish trend putting pressure on the downtrend..Read More
Bob Moriarty of 321gold discusses economic collapse and gold.I like to read. I read fast and that helps. I can't quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be n...Read More
By David SmithMost resource sector writers (including me) have for a long time been "wrong" about gold and silver.When they ran from $250 and $5 an ounce, respectively, to $1,920 and $49 in 2011, those who listened, acted, and sold a bit did quite well. We argued the "longer time bullish case" as these metals dropped into their final cyclical bear market graves in late 2015.But that was then......Read More
By Ricky WenTuesday's session played out as a 'gap up and go' structure that faded in the final few minutes of regular trading hours (RTH). If you recall, RTH opened at 2863.25 after Monday's closing print of 2827.5 on the Emini S&P 500 (ES), so it was a +1.2% gap up. Then price action continued in the trending direction for the majority of the day, forming higher lows and higher highs as the...Read More
By: Gary SavageThe $SPX daily cycle low hit? Hard to tell but the 200-DMA resistance zone is..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold does not want to go much lower, it appears but over the short-term a bearish trend putting pressure on the downtrend..Read More
The good kind of storm, by the way...By Matt from Silver Fortune via Silver Fortune The good kind of storm, by the way... Read More
Price manipulation is a real issue, but a short squeeze is expected to develop which would quickly drive silver prices much higher...Mark O'byrne interviewed on Palisade RadioTom welcomes a new guest to the show Mark O'Byrne who is Research Director and founder of GoldCore, a Bullion dealer based out of Ireland. They provide services and bullion sales around the world, with vaults in Singapore and...Read More
RAPNET PRESS RELEASE, May 6, 2020, Las Vegas... RapNet, the world's largest marketplace for diamonds and jewelry, is partnering with web technology company Thinkspace to provide cost-effective website solutions for jewelry retailers.The new alliance enables RapNet members to easily and quickly develop high-quality websites for their retail stores, immediately populated with RapNet's vast inventory...Read More
RAPAPORT... Didier Giard, president of the French Association of Gemmology (AFG), died suddenly on Sunday, the organization reported.Giard represented the fourth generation in a family of jewelers that dates back to 1887. As head of the AFG, he organized the Paris Gemmological Rendez Vous, which has taken place 17 times since 1998. He was also vice president of the Union Fran??aise de la Bijouteri...Read More