LONDON, 5 February 2019 - With UK households now hoarding physical bank-notes like never before, buying gold through BullionVault is tipped today by personal finance magazine What Investment as a way to look for better returns."Brits hoarded ?711bn cash between 2014 and 2016," says the magazine online, "compared with ?363bn between 2001-2003."Looking at 4 investments "that beat stashing your cas...Read More
Kirkland Lake, Ontario - February 5, 2019 - RJK Explorations Ltd. (“RJK” or the “Company”) (TSXV: RJX.A) announces that the Company has entered into a property option agreement with Anthony "Tony" Bishop for the Bishop Nipissing Diamond Properties, exploration properties totalling 2,090 hectares encompassing at least 18 potential kimberlite pipes located approximately 10...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.com "The usual bull market successfully weathers a number of tests until it is considered invulnerable, whereupon it is ripe for a bust." George Soros, financier, philanthropist, political activist, author, philosopher, b. 1...Read More
HUI, the Gold Bugs Index, is close to triggering its first buy signal on the weekly chart in more than two years. The first proved to be a dud, and it sent this popular trading vehicle into a ratcheting downtrend that would have driven most bulls to the edge of despair. As a result, skepticism toward the current rally undoubtedly is high. But traders should be prepared for a pleasant surpr...Read More
The Fed didn't just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which it only took a crashlet, or the start of a crash.The Fed's "Prime Direct...Read More
By: Jordan Roy-Byrne CMT, MFTAFirst we need to define what a breakout actually is. Its when the price breaks a pattern or a range and a new trend is therefore established.Today, people are all too quick to refer to almost every move higher as a breakout. Just google "Gold Breakout" and you'll see what I mean.Sure, closing above $1300 was a breakout for Gold. But that's hardly significant. If and...Read More
The combination of reversals that we are approaching is truly exceptional. Four different markets, many different lines and they all point to the same time-frame in which we should see a reversal of a huge importance. It seems that the markets almost can’t wait. Are these already the first baby steps of the huge move that is to follow, or will we see one additional tricky move before THE rev...Read More
The major indexes recovered from a shaky start to close higherThe Dow overcame a slow start to notch a triple-digit win, thanks in part to an afternoon rally out of the tech sector. This resulted in similar strength from the S&P 500 and Nasdaq, as Wall Street prepared for Alphabet's (GOOGL) post-close quarterly report. However, these gains came amid a relatively low-volume session -- not surprisin...Read More
Urban Outfitters stock just ran into a historically bearish trendlineThe shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been trading in a channel of lower highs and lows since their August peak of $52.50, recently hitting an annual low of $31.15 on Friday, Feb. 1. Today, the retail stock is trading slightly higher, up 0.9% at $31.53, but just flashed a historically bearish signal, suggesting...Read More
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) today announced that Rob Atkinson will succeed Tom Palmer as Executive Vice President and Chief Operating Officer, effective June 1, 2019. Tom Palmer, currently President and Chief Operating Officer, will remain President until he succeeds Gary Goldberg to become President and Chief Executive Officer. Last month, Newmont announced tha...Read More
Three of the most notable stock moves in today's tradingU.S. stocks have swung higher today, as traders gear up for Alphabet (GOOGL) earnings. Meanwhile, three names making sharp moves today are smart speaker manufacturer Sonos Inc (NASDAQ:SONO), drugmaker Catalyst Pharmaceuticals Inc (NASDAQ:CPRX), and equipment leasing expert Triton International Ltd (NYSE:TRTN). Here's what's moving shares of S...Read More
Monarques Gold of Montreal says its 2018 drilling program has increased the size of its Croinor gold deposit 50 km east of Val d'Or. And the deposit continues to yield exceptional grades.Highlights from the additional 6,645-metre diamond drill program include these assays:Hole CR-18-685: 17.26 g/t gold over 2.0 metres, including 50.10 g/t over 0.6 metres;Hole CR-18-676: 10.33 g/t gold over 1.8 met...Read More
Political tensions in the South American country are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western Hemisphere's worst humanitarian crisis in recent memory.Thousands of anti-government protesters took to the streets of the capital city over the weekend to demonstrate against President Nicolas Maduro.CNBC takes a look at some of the driving forces behi...Read More
The Mining and Metallurgical Society of America has chosen to award its 2019 gold medal to Pierre Lassonde, chairman of Toronto-based Franco-Nevada Mining.Lassonde is recognized for his leadership as a mining executive for a major mining company, as a founder of the largest natural resources royalty company, a mining financier, and a business innovator. He is also notable for his philanthropic con...Read More
Gold futures posted a second straight session decline on Monday, in part as a leading dollar index gained, though bullish analysts considered the metal's action to be only a pause in its recent uptrend. "Higher Chinese demand for gold and silver have been factored in by the markets," said Chintan Karnani, chief market analyst at Insignia Consultants, but Chinese consumer buying will still "be clos...Read More
The race for marijuana profits is on... and one up-and-comer is taking the "Buffett" approach to profits.The race for marijuana profits is on. Marijuana presents one of the most lucrative investing opportunities of the modern age - millionaires have been made many times over, and by finding the right stock at the right time, it's still possible for investors to cash in on these "first wave" profit...Read More
Put buying has been popular in the past two weeksKnight-Swift Transportation Holdings Inc (NYSE:KNX) showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted in yellow are new to the list. KNX options traders picked up more puts than calls in the past two weeks -- an...Read More
Is the slip on gold about to accelerate? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullio...Read More
What the indexes' recent strength could mean for stocks in the short termAfter a rough fourth quarter of 2018, the stock market has been in rebound mode in 2019. In fact, the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) just notched their sixth straight weekly wins -- a feat not accomplished for either index since late 2017. What's more, the strength the Dow and Nasdaq have shown...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs ranging from US$850 and US$900 per oz. gold sold.In 2018 the company produced 533,300 ounces of gold and 15,000 tonnes of copper at AISCs of US$767 per oz. At H...Read More