Nexa set to start construction at Brazilian zinc mineNexa Resources S.A. [NEXA-TSX, NYSE] says it plans to start construction at the Aripuana zinc project in Brazil, which ranks as one of the 10 largest undeveloped zinc projects in the world.The announcement comes after the Environmental Authority of the State of Mato Grosso, Brazil granted the installation license for the project.The Aripuana Pro...Read More
Share this articlePRAGUE, Czech Republic - The death toll in a methane explosion at a black coal mine in northeastern Czech Republic has increased to 13, a mining company said Friday.OKD mining company spokesman Ivo Celechovsky said that 12 of the dead were Polish nationals while one was Czech, correcting information given earlier that said there were 11 Poles and two Czechs.A further 10 miners we...Read More
CloseGain/LossOn WeekGold $1255.50-$5.50+1.39%Silver$14.62-$0.15+0.27%XAU68.67-1.60%+1.60%HUI156.47-1.28%+2.50%GDM570.74-1.04%+1.84%JSE Gold1316.81-28.01+1.12%USD97.03+0.69-0.44%Euro113.63-0.94+0.51%Yen90.02-0.10+2.03%Oil$45.59-$0.29-10.96%10-Year2.783%-0.021-3.80%Bond144.8125+0.09375+0.96%Dow22445.37-1.81%-6.87%Nasdaq6332.99-2.99%-8.36%S&P2416.58-2.06%-7.05% The Metals: ...Read More
By Jordan Roy-Byrne CMT, MFTA As we've been saying, the stock market will have great influence on Gold. It has been easy to see in recent months. The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising US Dollar. The past 65 years of history shows us that in almost any context (...Read More
By David MorganMany "experts" warn that the dollar will collapse and lead to global economic turmoil. In this scenario, investors would rush to other currencies to escape further losses. Global trade would seize up because the majority of international contracts demand a dollar payment. Other assets would skyrocket. The worst-hit would be currencies like the euro, yen, and the yuan. Gold prices...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort182,168106,20853,411132,148224,823367,727384,442Change from Prior Reporting Period 12,568-2,893310-2,13713,17010,74110,587Traders17079694949247173 Small Speculators (C) GoldSeek.com LongShortOpen Interest 44,75828,043412,485 -506-35210,235 non reportable positionsChange from t...Read More
By David Brady, CFAI have to admit that the action in Gold of late has been exciting. After dumping post the FOMC meeting on Wednesday, Gold came roaring back yesterday and then some. It closed at its highest level since July. What is more interesting is: why? It is this that will determine whether we head higher or not. The following are what I believe may be the drivers of Gold's recent renais...Read More
The dovish Federal Reserve lit a fire under gold and its miners' stocks this week. As universally expected the FOMC hiked rates for the 9th time in this cycle. But it also lowered its 2019 rate-hike outlook bowing to the stock-market selloff. Traders dumped gold initially thinking that wasn't dovish enough. But market reactions to the FOMC form over a couple days, and gold surged overnig...Read More
By Gary TanashianOne of the most disturbing scenes in the series Breaking Bad was when Todd shoots and kills a boy on a dirt bike after he witnessed Heisenberg, Jesse and Todd heist 900 gallons of methylamine. Jesse: "Todd, that Opie Dead Eyed piece of shit..." That is similar to the feeling I got after the Fed hiked the funds rate as expected, but then declined to offer the stock market much re...Read More
By Marin KatusaOne of the largest conferences of the year just wrapped up this past weekend in Katowice, Poland. And it was on everyone's favorite subject, climate change.Yes, this is the annual conference where tens of thousands of delegates fly into a foreign town. On your tax dollars. To iron out a plan for the future of the planet.It's called the United Nations Climate Change Conference. And...Read More
The price of gold cannot decline and stay below the gold production costs. Myth or fact? We invite you to read our today's article about the mining costs and find out whether they provide a floor for gold prices. So if the central bank demand for gold is not able to boost the price, then maybe mines will help? We refer here to the popular narrative that the price of the yellow metal cannot dec...Read More
By RambusYesterday I posted this daily chart for the UUP suggesting that it could very well be building out a new uptrend channel with the current price action trading at the top rail where it has been chopping out the small blue rising wedge. Today we are getting some follow through to the downside.Below is the weekly chart which shows how the new uptrend channel could still be bullish over the...Read More
By Steve St. AngeloThere is no better way to describe what is currently taking place in the U.S. Shale Oil Industry, then a bloodbath. Unfortunately, if the situation wasn't bad enough for the shale oil industry when prices were 30-40% higher, today it's a complete disaster. While some might think that a bit of an overstatement, I can assure you that these low oil prices are doing serious...Read More
We'll be hearing a lot more about the "death cross" in the days ahead, mostly from business-channel pundits who know as much about stock charts as you and I do about particle physics. The death cross occurs when a trading vehicle's 50-day moving average falls beneath its 200-day moving average. It usually signals a big selloff ahead. If correct this time, the 4000-point plunge that has already...Read More
Just one request, please do not trade while drunk during the vacations. Merry Christmas. Enjoy the present and forget the past.Gold needs a close over $1260 and silver needs a close over $1490 today to zoom next week. Volumes will be there from Asia. Trading volumes will be down next week but not zero. Holiday goers will enjoy as petrol/diesel prices are low. The current market situation is that...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Mohamed El-Erian, chief economic advisor to Allianz, joins 'Squawk Box' with his analysis on the Fed's recent announcement to tighten monetary policy.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr....Read More
Frank Holmes shares why he believes this past quarter has been a very constructive and encouraging one for gold - and he also gives us his outlook for the equity and metals markets Continue...Read More
Stablecoins are cryptocurrencies designed to minimize the effects of price volatility, thus they seek to function as a store of value and a unit of account. To minimize volatility the value of a stablecoin can be pegged to a currency, or to exchaContinue...Read More