Recent News

Gold / Silver May Be Breaking Free From Manipulation

August 02, 2019 / news.goldseek.com

- Dave KranzlerThe price of gold has rejected numerous attempts by the banks to hammer the gold price below $1400 using paper gold derivatives on the Comex and the LBMA. I have not seen gold behave with such resiliency in the last 19 years when the Comex banks have an extremely large short position in Comex paper.The action in the price of gold is signalling that large buyers are accumulating...Read More

Precious Metals Update Video: Wild Thursday!

August 02, 2019 / news.goldseek.com

By: Ira EpsteinGold daily chart, had an outside day. Market is caught in the two Bollinger bands. Market is churning here and eventually will breakout of here..Read More

After Fed Disappoints, Will Trump Initiate Currency Intervention?

August 02, 2019 / news.goldseek.com

- Stefan GleasonFollowing months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted - or many traders anticipated.The Trump administration wants the Fed to help drive the fiat U.S. dollar lower versus foreign currencies, especially those of major exportin...Read More

No Sign Yet of Cyclical Inflation and the Gold Miners Don't Mind a Bit

August 02, 2019 / news.goldseek.com

- Gary TanashianContrary to majority opinion, gold and especially the gold mining stocks that leverage its macro status are not about inflation, especially cyclical inflation that runs with a positive economy.Making an appropriate return after a few months on hiatus, ladies and gentlemen... the Macrocosm.Gold stocks are about counter-cyclicality as gold rises vs. US stocks...Gold rises vs. Glo...Read More

Gold Options Doubled Yesterday in Hours - Video Technical Analysis

August 02, 2019 / news.goldseek.com

Gold Options Doubled Today (August 1) in Hours... If you followed the gold recommendation I made here yesterday you could have doubled your money. Many of my subscribers did. Here's how:Read More

Asian Metals Market Update: August-2-2019

August 02, 2019 / news.goldseek.com

There was massive short covering in yesterday's gold rise. Yen crashed against the US dollar while gold rose. This is safe haven demand is nothing else. Trump said that he will impose additional ten percent tariff on the remaining $300 billion Chinese imports from September 1. There is recession fears and more global trade war fears. Gold is bound to rise more. Chinese retaliatory action will be...Read More

Pancon Resources Publishes PUC Monthly Report for August @PanconResources

August 02, 2019 / bit.ly

Pancontinental Resources Corporation (TSXV:PUC) has released its PUC monthly report, which updates its shareholders on the company's activities as well as trends in the battery and gold sectors.Read full newsRead More

Stock Weakness Continues as S&P, Nasdaq Finish with Worst Week of '19

August 02, 2019 / www.schaeffersresearch.com

The Dow fell for a fourth straight dayU.S. stocks added to their recent weakness today, with the Dow finishing deep in the red for its fourth consecutive loss. The S&P and Nasdaq also finished deep in the red and extended their losing streaks to five days -- the longest since March -- due to ongoing trade fears, each posting their worst weekly performance of the year. An afternoon press conference...Read More

Analyst: Check Out of These 3 Grocery Stocks

August 02, 2019 / www.schaeffersresearch.com

BMO downgraded the equities to "underperform"The shares of Sprouts Farmers Market Inc (NASDAQ:SFM) are lower this afternoon, as traders pan the grocery concern's quarterly earnings report. In addition, analysts at J.P. Morgan Securities downgraded SFM to "neutral" from "overweight," and cut their price target to $19 from $22. Meanwhile, BMO Capital cut SFM stock to "underperform" from "market perf...Read More

Haven appeal lifts gold to a more than 6-year high

August 02, 2019 / www.marketwatch.com

Gold's haven appeal lifted prices for the precious metal Friday to their highest finish in more than six years, a day after President Donald Trump intensified a trade fight with China by announcing additional tariffs on Chinese goods. Gold for December delivery GCZ19, -0.10% on Comex rose $25.10, or 1.8%, to settle at $1,457.50 an ounce-the highest most-active contract finish since May 9, 2013, a...Read More

Haven appeal lifts gold to a more than 6-year high

August 02, 2019 / www.marketwatch.com

Gold's haven appeal lifted prices for the precious metal Friday to their highest finish in more than six years, a day after President Donald Trump intensified a trade fight with China by announcing additional tariffs on Chinese goods. Gold for December delivery GCZ19, -0.12% on Comex rose $25.10, or 1.8%, to settle at $1,457.50 an ounce-the highest most-active contract finish since May 9, 2013, a...Read More

Eldorado Gold: Sky's The Limit, But The Sun's Burning Up There

August 02, 2019 / seekingalpha.com

Eldorado Gold had an outstanding quarter in terms of revenue with a record of $173.70 million. The company is back on track with gold production more in control and debt.The gold sold in the second quarter was 113,685 Au Oz at a gold price of $1,321 per oz, which was another pleasant surprise.My target for 2019-2020 is still $10-$11.Image: Efem??ukuru Gold Mine Source: EJAtlas Investment Thesis Th...Read More

2 Stocks Joining Weed Sector Rally

August 02, 2019 / www.schaeffersresearch.com

An earnings beat from Aphria is helping the marijuana sector buck the broad market selloff While stocks are sinking today on trade fears, the weed sector is bucking broad market trends. This sector surge includes Cronos (CRON), up on its buyout of Redwood. Two other names making headlines today are Aphria Inc (NYSE:APHA) and Aurora Cannabis Inc (NYSE:ACB). Below we'll take a look at what's driving...Read More

Stocks Tumble on One-Two Punch from Fed, Trump

August 02, 2019 / www.schaeffersresearch.com

Several blue chips made noise after earningsIt was a rough week on Wall Street, to say the least. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are pacing for a fifth straight loss and their longest losing streaks since early March, as the Fed and trade developments rattled markets. Following the Fed's first (and widely expected) rate cut since the financial crisis, stock traders had a knee-...Read More

Alastaire Dick, Director - Sunshine Mines @RockyMtnInst will be speaking at the #FutureofMining EMEA conference thi...

August 02, 2019 / twitter.com

"Alastaire Dick, Director - Sunshine Mines @RockyMtnInst will be speaking at the #FutureofMining EMEA conference this September,LondonAlastaire will be speaking on "Decarbonising: The Future of Renewable Energy in Powering Mines" #FOMEMEA @futureofmininghttps://t.co/OIeKsH6p8z"Read full newsRead More

Baozun: Making A Fortune In The Gold Rush

August 02, 2019 / seekingalpha.com

Baozun will share the fast growth of China's e-commerce market as the leading service and technology provider.Baozun's past growth numbers and future outlook are both strong.Baozun's valuation is relatively cheap compared to its benchmark in the States.Baozun's (NASDAQ:BZUN) share price is largely undervalued and presents a good entry opportunity for investors. Baozun: The (Biggest) Beneficiary of...Read More

Calls Hot on Avis Budget Stock Pre-Earnings

August 02, 2019 / www.schaeffersresearch.com

CAR is up more than 50% year-to-dateCar rental name Avis Budget Group Inc. (NASDAQ:CAR) is moving lower this afternoon, last seen down 3.3% at $34.13, as stocks suffer in the wake of global trade fears. Meanwhile, options traders are mostly likely gearing up for the company's second-quarter earnings report, slated for release after the market closes on Monday, Aug. 5. Below we will take a look at...Read More

Signal Says Red-Hot Biotech Stock Has Room to Run

August 02, 2019 / www.schaeffersresearch.com

Arrowhead Pharmaceuticals stock has already added 135% in 2019A big biotech winner lately has been Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR), which recently outperformed the broad market sell-off yesterday. ARWR nabbed an 11-year high of $30.73 on July 22, but a signal is sounding that indicates more multi-year highs could be in store, if history is any indicator. Implied volatilies on the equ...Read More

Dow Hits One-Month Low on Global Trade Tensions, Fed Fears

August 02, 2019 / www.schaeffersresearch.com

The SPX and Nasdaq are eyeing their longest losing streaks since March The Dow Jones Industrial Average (DJI) has dropped to a one-month low today, as anxieties over global trade and Fed policy continue to weigh heavily on stocks. After President Donald Trump yesterday announced new tariffs on Chinese goods, the Asian nation responded by threatening countermeasures. In addition, Wall Street is l...Read More

Howe Street Interview: Tariff threats a treat for gold

August 02, 2019 / www.canadianinsider.com

As timing would have it, I was interviewed by Jim Goddard of HoweStreet.com on Tariff Thursday. In terms of the impact for markets, I made three points. First, August is probably the worst month for liquidity so dropping this bombshell on the first of the month is setting the stage for a summer rollercoaster ride. Secondly, this is good news for gold because on Wednesday Fed Chairman Powell indi...Read More

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