Dow Jones Industrial Average $INDU is scheduled to open above its all-time high at 27,369.68Walgreen Boots $WBA, a Dow Jones Industrial stock moved above $58.10 extending an intermediate uptrendEmerson Electric $EMR, an S&P 100 stock moved above $72.07 extending an intermediate uptrend.MMM $MMM, a Dow Jones Industrial stock moved above $172.48 completing a base building patternAgribusiness ETF...Read More
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Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Dear Rich Lifer,Imagine you're offered two choices:Get $100 today or $110 tomorrow.Statistically speaking, most people would choose to take the $100 today.But, if you reframe this scenario and offer someone $100 in one year and $110 in one year and one day from now, the majority of people will wait the extra day for the $10.This makes absolutely no sense.Why do most people choose a bigger reward w...Read More
I've been to Italy four times, including my most recent trip two weeks ago. So it's really interesting to look at the different foreign exchange rates in place at the time of my various visits.Just as an example, on this most recent trip I was getting roughly 21% more for my money than the last time I visited four years ago. That makes a huge difference!Of course, unless they're frequent travelers...Read More
Dear Reader,If the supply of money in an economy is $1 billion, each unit of currency buys X (the purchasing power of each unit of currency).If the money supply is doubled without any expansion in the consumers' pool of goods and services, the purchasing power of each unit of currency falls in half. This reduction in the purchasing power of each unit of currency is called inflation.Governments fac...Read More
San Francisco, California November 5, 2019Editor's note: We've discussed Modern Monetary Theory, which is essentially money printing on a colossal scale, in The Daily Reckoning before. Today Charles Hugh Smith gives you an objective account of MMT and arrives at a disturbing conclusion.Dear Reader,We've heard a lot about Modern Monetary Theory (MMT) for several months now. The Daily Reckoning has...Read More
Four years ago, Argentines elected Mauricio Macri as their president on his promise to fix the country's troubled economy after 12 years of populist government under Cristina Fernandez de Kirchner and her husband Nestor Kirchner.Macri - who comes from a wealthy family and was the first centre-right president to lead Argentina since its return to democracy in 1983 - took office in December 2015.T...Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftEven positive newsflow from the likes of Pan African Resources and Bushveld Minerals hasn't significantly moved...Read More
Cartier Resources (TSXV: ECR) has released a maiden resource for the Central Gold Corridor on its Chimo mine property, 45 km east of Val-d'Or, Quebec.Indicated resources stand at 3.26 million tonnes grading 4.4 grams gold per tonne for 461,280 contained oz. gold. Inferred resources add 3.68 million tonnes grading 3.53 grams gold per tonne for 417,250 contained oz. gold.The maiden resource was bas...Read More
Shares of gold producer Guyana Goldfields (TSX: GUY) dropped as much as 38% on a weaker-than-expected performance during the third quarter from its wholly owned Aurora gold operation in western Guyana.Gold output for the three months ended Sept. 30 came in at 22,100 oz., a record low since the open-pit mine started commercial production at the beginning of 2016, and well below market expectations,...Read More
The Dow Jones Industrial Average rose 1.44% to 27,347.36 and the S&P 500 Index increased 1.47% to 3,066.91. Spot gold gained 0.67% to US$1514.10 per ounce.Compania de Minas Buenaventura climbed US$1.59 per share, or 11.27% to US$15.70. Peru's largest publicly traded precious metals mining company reported third-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) from di...Read More
The S&P/TSX Venture Composite Index fell 0.9% to 541.49. Spot gold finished at US$1,514.10, up 0.67%.Abitibi Royalties shares jumped 68 ?, or 4.78%, to $14.90. The company's board of directors approved a dividend of 3 ? per common share for the fourth quarter, which would amount to 12 ? per common share on an annual basis. The company generated total cash during the third quarter of $988,000, of w...Read More
The S&P/TSX Composite Index rose 1.16% to close at 16,594.07. The S&P/TSX Global Mining Index gained 2.07% to 76.65 and the S&P/TSX Global Base Metals Index went up 2.96% to 100.64. The S&P/TSX Global Gold Index increased 1.53% to 247.01, and spot gold moved 0.67% higher to US$1514.10 per ounce.Torex Gold Resources shares jumped $2.37, or 13.7%, to $19.68. The company reported record gold producti...Read More
Trish SaywellThis episode features an interview with acting editor-in-chief and senior reporter Trish Saywell on John Felderhof and his life after Bre-X. Trish discusses what it was like to spend three days with Felderhof in the Philippines and what his views were on one of Canada's biggest financial scandals.All this and more with online editor and host Adrian Pocobelli.Music Credits:"Rattlesnak...Read More
Maptek has more than 320 employees and generates more than A$100 million a year of sales. The 40-year-old business has enjoyed strong growth in the past three years on the back of its broad global customer base, and sales and support network, and new product releases.Peter Johnson told Mining Journal earlier this year: "Overall it's a very exciting time to be working in this space. We enjoy very p...Read More
In this video we analyze the potential impact the breakout in the stock market will have on gold & the gold stocks. We draw a few conclusions.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor,...Read More
It happened. Hallelujah. Or maybe better: Watch Out! The yield curve, after having been at least partially inverted all year, un-inverted today.Continue...Read More
"They [democrats/communists] should not tell everything they're going to do," she said. "If you are going to take people's guns away, wait until you get elected and Continue...Read More
Gold has been mired in a months-long trading range. Until it breaks out - either to the upside or the downside - there's nothing to do except short-term tradesContinue...Read More