- Richard (Rick) MillsThe US Federal Reserve, the country's central bank, did what many expected on Wednesday, and held interest rates steady, while signaling that a rate cut is on its way. Despite pressure from President Trump to lower interest rates, the Federal Open Market Committee (FOMC) concluded after a two-day meeting that it will stay pat for now, meaning no change to the 2.25% to 2....Read More
Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners' stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly underdeploye...Read More
Summary: Gold closed at $1348 today according to Stockcharts but is now much higher at $1365 as I write this update. My two longer-term weekly charts on GLD show the potential for a massive upside breakout where price could really run hard & fast. My first chart is a 6 Year weekly showing a massive inverse Head & shoulders pattern that is ready to bust out to the upside of the inverse neckl...Read More
By: Ira EpsteinDrone Thursday - 100% July Cut in Rates Priced in - Gold Market is responding to falling dollar, rates, FOMC, drones, safe haven buying roaring into the market.Gold roars higher:Read More
- Jordan Roy-Byrne CMT, MFTAGold has finally broken out to the upside.In Asia trading on Thursday, Gold exploded through the $1360 to $1370 resistance zone and was able to hold the gains throughout the day, closing above $1395/oz. As we pen this article, Gold has to chance to break $1400/oz by the weekend. The close of the month (and quarter) next week will provide an additional clue as to th...Read More
Bullion's powerful rally this week has kicked this popular mining-stock vehicle into high gear. I haven't tracked it in quite a while but aim to do so now, provided it remains feisty and interesting. In that regard, GDX looks like it's about to ratchet up the interest-level, although not in a way we might have preferred. Notice that Thursday's energetic short-squeeze brought the ETF within inche...Read More
Apart from the technical, Iranian issue is also contributing to gold's rise. Momentum is bullish for gold and crude oil. Silver has a lot of potential to rise IF it tries to play catch up with gold. China is trying to mediate for a denuclearization of the Korean peninsula. Developments in Korea will not have any effect on gold or currency markets. One should look for signs of profit taking bef...Read More
As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie Carstens tells Mining Weekly. “The explosive growth seen in mechanised mining in the past 30 years or...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsIn its judgement, the Constitutional Court of Ecuador unanimously rejected the petition calling for a referendum on the basis of technicalities. The court judgement rejecting the petition did not discuss or rule on the merits of the case, and the formal resolution of the court with further detail into the rejection is yet to be publ...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsThe Vancouver-headquartered company said Thursday progress on three main fronts - technical, permitting and financing - had its Florence copper project in Arizona, USA, on track to be construction-ready in the first half of 2020.CEO Russell Hallbauer said: "Based on previous bench-scale testing, we expected it would take upwards of...Read More
Irans shooting down of a US drone has raised tensions in the Middle East, with gold and oil prices extending gains. Spot gold reached a high of $1,411.90 per oz after US President Donald Trump reportedly ordered an attack on Iran, which was later aborted. Equities in Asia have weakened across the board. Base metals Three-month base metals on the London Metal Exchange...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.Gasoline prices are expected to move higher over the weekend. Crude oil prices have moved higher due to greater disturbances in the Middle East. In addition, the largest refinery complex on the U.S. East Coast experienced an explosion last night. The Canadian Dollar slipped 0.05 to 75.75...Read More
PRIVATE BLOG – Gold reached $1415.40 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
QUESTION: Mr. Armstrong; you are the only person who forecasts gold without bias. How will gold respond to the war rattling with Iran?PDANSWER: They will always paint gold as the a never ending bull market in the face of war. Perhaps us old-time traders learned the hard way – buy the rumor but sell the news. If we look at gold’s performance during the first Gulf War in 1990, it rallied...Read More
The signs of memory loss can be scary: misplaced keys, forgetting where you parked, a task you suddenly can't remember, repeating a question over again that was just answered. Five million Americans are estimated to have Alzheimer’s disease and related dementia, according to the Centers for Disease Control and Prevention - a figure that's projected to grow to 13.9 million by 2060.To date, th...Read More
Are you accustomed to receiving a fat tax refund from the IRS... money that you often use for a summer vacation or to save for a rainy day?This year, though, you might've gotten a smaller one than expected. Or worse yet, you may have had to include a check when you submitted your 2018 return.You're not alone.According to the IRS, the average 2018 refund check for early filers was $2,640... 16% les...Read More
The following is an edited release by London-based metals market consultants Roskill. For more information, visit www.roskill.com.The current price for primary South African chrome ore of around US$170 per tonne (CIF China), places the price at around the 80 percentile of the chrome ore cost curve for supply sent to China.Exporters of chrome ores experienced tightening margins in 2018, when the pr...Read More
The Peter Schiff Show Podcast - Episode 477Recorded June 21, 2019See Peter at the Las Vegas Freedom Fest - July 17-20https://www.freedomfest.com/Save $50 using code SCHIFFS&P Record High: Why? - U.S. stock market averages finished an up week on a down note. In fact, the S&P 500, before closing negative on the day made a new all-time record high. The S&P is the only major index that did make a new...Read More
Peter Schiff on RT 6/19/2019SIGN UP FOR MY FREE NEWSLETTERhttp://www.europac.net/subscribe_free...Schiff Gold News: http://www.SchiffGold.com/newsOpen your Goldmoney account today: https://www.Goldmoney.com/Buy my newest book at http://www.tinyurl.com/RealCrashLike and follow Peter Schiff on Facebookhttp://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffRead More
My SEASON 1 OG Duo Partner Got The RAREST Fortnite Account (RENEGADE RAIDER)instagram: https://www.instagram.com/kazlicc/?-? OPEN FOR MORE INFORMATIONWitchery - https://www.youtube.com/channel/UCci2...My social Mediatwitter: https://twitter.com/Kazlicinstagram: https://www.instagram.com/kazlicc/Snapchat: Brandoneastman1?-? Follow My TWITCH! https://www.twitch.tv/kazlicc?-? Discord come and talk to...Read More