Chilean miner Antofagasta Plc. (LON:ANTO) ended 2018 on a very high note as it produced a record amount of copper in the final quarter of the year, which led it to post annual output at the higher end of its forecast.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, churned out 220,000 tonnes of the red metal in the three months to December, up 16% from the pr...Read More
On November 14, 2018, CME bitcoin futures broke through the important $6,000 support level and lost more than 40 percent of their value in the next 12 days.On that same day, gold futures accelerated off their lows and began an explosive 9 percent rally higher.Bitcoin's sentiment-shift most probably fueled and accelerated the opposing move in gold.By Jim Iuorio At a Glance Among the two major...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold prices steadied on Wednesday, clawing back from losses made earlier in the session, as a recovery in stock markets fizzled out on concerns over geopolitical and economic uncertainty, triggering investors to seek safety in the metal.Spot gold fell 0.12 percent to $1,283.11 an ounce by 3:05 p.m. ET, havin...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average slumped on Tuesday ending the blue chip index's four-day winning streak. The Dow rose 3% last week, the S&P 500 gained 2.9% and the Nasdaq jumped 2.7%.Johnson & Johnson (JNJ) posted stronger-than-expected fourth-quarter earnings and forecast a modest increase in full-year sales for 2019. The stock ...Read More
The Tuesday Market Minute Global stocks retreat for a second day on twin concerns for word economic growth in the form of a sharp China slowdown and reduced 2019 forecasts from the IMF.European stocks clipped by growth concerns and Brexit uncertainty as Prime Minister Theresa may attempts to revive her rejected exit deal.U.S. earnings take center stage this week with 60 S&P 500 companies rep...Read More
CloseGain/LossGold $1283.00-$1.60Silver$15.36+$0.03XAU68.86+0.18%HUI151.86-0.22%GDM573.37+0.13%JSE Gold1350.79+8.99USD96.12-0.24Euro113.83+0.20Yen91.47-0.18Oil$52.62-$0.3910-Year2.746%+0.007T-Bond145.00-0.40625Dow24575.62+0.70%Nasdaq7025.77+0.08%S&P2638.70+0.22% The Metals: Gold edged up to $1286.50 in Asia before it dropped back to $1278.70 in early New York trade and th...Read More
By Craig HemkeLast week, we discussed our outlook for 2019 and the factors that will soon drive price to multi-year highs, and eventually, new all-time highs. This week, let's take stock of the current situation and attempt to discern the direction of price in the near term. If you missed last week's column, you should be sure to read it now. The months ahead will unfold in a manner eerily remin...Read More
Miles Franklin sponsored this article by Gary Christenson, the Deviant Investor.From Bill Holter "Crash Alert." "For the last 6 months we have responded 'it is happening right before your very eyes!'" "The coming crash is a mathematical certainty and one that historians will ask in the future, 'what were they thinking.' While CNBC parades clown after clown to tell you this is a buying opportunit...Read More
By Frank HolmesPalladium might not fill headlines the way gold does, but it's been on fire lately. Not only has the precious metal been the best performing commodity for two years straight, but its price also just shot past gold for the first time since 2001. For the first time ever, it broke through $1,400 an ounce last week before pulling back somewhat. From its 52-week low set in August, pall...Read More
I've bent over backwards lately second-guessing my permabear side, on a hair-trigger as I wait for the short squeeze from hell to begin. Instead, the Masters of the Universe who supposedly control the stock market like it's a PlayStation game can barely muster a decent rally other than fleeting ones on the opening bar. Have I perhaps overestimated the sleazeballs? Probably. Regardless, it all co...Read More
- David Attenborough warns Davos summit - 'The Garden of Eden is no more'- "If we wreck the natural world, we wreck ourselves" warns Attenborough- If we destroy our environment, it will badly impact our economies and markets- We must put the environment at the heart of our financial and monetary systems- "Future proof" our economies, our currencies, our finances & our pensions with gold- Hop...Read More
Gold and silver are steady. Trump's top economic advisor is looking for commitments from China for a trade deal. Uncertainties over a trade deal will prevent gold from a big sell off. Right now the trend in gold is neutral. Silver needs to trade over $1500 to be in a bullish zone. Day traders are on the sidelines. Long term investors are using sharp dips to invest in gold. Some large fund manage...Read More
Quantitative Easing. Quantitative Tightening. Rising interest rates. Declining interest rates. Does The Fed know what it's doing? Michael Pento joins Robert & Kim to discuss how The Fed's policies may be leading us into recession.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Book...Read More
Russell Napier, independent strategist and co-founder of the Electronic Research Interchange, joins the program to discuss the state of financial markets and his thought-provoking recent essay in the Financial Times. 3:18 "There's a global monetary system?"6:06 Central bank credit and "the savings glut"11:28 Treasury yields: The world's most reflexive asset class18:35 "The People's Bank of China c...Read More
'When we tell you to stop, you stop. That is called obstructing everybody - learn'.Continue...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...Read More
As the good people of Venezuela make your voices heard tomorrow, on behalf of the American people, we say: estamos con ustedes. We are with you. We stand with you, and we will stay withContinue...Read More
There is an undertone lurking behind the rise of Donald Trump in the US, the Brexiteers in the UK, Marine Le Pen in France, political re-alignments in Denmark, and the election Continue...Read More
Mercenary Geologist Mickey Fulp shares his thoughts on the Newmont Mining/Goldcorp tie up, the trade war and metals to watch in 2019. Michael S. "Mickey" Fulp is a Certified Professional Geologist with over 29 years experience as an exploration geologist searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, and water in North and South America and China....Read More
Gold prices dropped on Wednesday as investors opted to rotate out of the safe-haven asset in favor of stocks after a handful of Dow components reported better-than-expected quarterly earnings.Continue...Read More