Gold is likely to appreciate at a steady pace. I do not expect a dramatic meltup.Economic growth will remain challenged for many years in developed economies.Inflation will remain low across the globe for the foreseeable future. Inflation will not be the powerhouse behind the rise of the gold price.Carefully-selected gold miner's valuations will appreciate faster than physical gold.This post i...Read More
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we've been using for the last week or so. (Note: These numbers differ slightly from the ones given here earlier because the pattern's point ‘C' low changed.) The 1330.40...Read More
Russia's GV Gold is a step closer to becoming one of the country's top five producers after posting Monday an increase in output of more than a third helped by two newly launched mines in East Siberia.The miner churned out 304,400 ounces of gold last year, 36% more than a year earlier and a whooping 85% increase when compared to 2017, when it became Russia's No. 7 producer of the yellow metal.GV G...Read More
* U.S. lifts April sanctions on aluminium producer Rusal * Removal of Rusal sanctions mostly priced in -analysts * PRICES: (Adds closing prices)By Zandi ShabalalaLONDON, Jan 28 (Reuters) - Aluminium prices fell on Mondayafter the United States lifted sanctions on the world'ssecond-largest aluminium producer, United Company Rusal . The United States announced in December its intention tolift the sa...Read More
Markets US government shutdown Fed Brexit US China trade talks USD Gold Oil Government reopens but attention already elsewhere Brexit votes, US/China trade talks, a Fed monetary policy decision and the US jobs report; this promises to be quite a week for financial markets. And all of this comes as the US government ends a 35-day shutdown – the longest in history – aft...Read More
James Hyerczyk19 hours ago (Jan 28, 2019 6:17 AM GMT)Gold is inching higher on Monday, continuing Friday’s steep rally. Supporting the market is a weaker dollar. This is driving up demand for dollar-denominated gold. The U.S. Dollar is being pressured by position-squaring and selling ahead of Wednesday’s U.S. Federal Reserve interest rate decision and monetary policy announcement. Tr...Read More
(Recasts with comments from acting president, senator, lawyerand environment minister, updated share reaction and fines)By Gram SlatteryBRUMADINHO, Brazil, Jan 28 (Reuters) - Brazil's governmentweighed pushing for a management overhaul at miner Vale SA on Monday as grief over hundreds feared killed by adam burst turned into anger, with prosecutors, politicians andvictims' families calling for puni...Read More
* FTSE 100 down 0.9 pct * FTSE 250 down 0.6 pct * Ocado gains after report of talks with M&S * Oil majors lose big (Adds company news items, updates to closing prices, changesanalyst quote)By Muvija M and Shashwat AwasthiJan 28 (Reuters) - London's main bourse ended Monday'ssession at its lowest in nearly a month as yet more downbeatdata from China and U.S. bellwether Caterpillar's weak foreca...Read More
Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) will not proceed with the construction of its C??t?(C) gold project, in Ontario, as it's waiting for improved market conditions before going ahead with the $1.15-billion investment, it said Monday.Chief executive Steve Letwin said his company had substantially de-risked the project, located in the Abitibi gold belt, and that it cont...Read More
Gold closed above $1,300 on Friday - its first daily close above the psychological hurdle since May - confirming a bull flag breakout or a continuation of the rally from the lows near $1,230. Further gains towards the Fibonacci hurdle of $1,321, however, could be seen after a minor pullback to support at $1,295 (Jan. 17 high), given the relative strength index (RSI) on both the 1H and 4H chart is...Read More
Shares in Condor Gold (LON:CNR) climbed as much as 5.8% on Monday morning after it increased the mineral resource estimate at its 100%-owned La India gold project in Nicaragua, noting the potential for an expansion.The mineral resource update totalled 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million of indicate ounces, a surge of 57,000 ounces from the previous update.The gro...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold was little changed on Monday, holding near the $1,300 mark as investors awaited further developments on the U.S.-China trade dispute and the Federal Reserve's interest rate trajectory.Spot gold was near unchanged at $1,...Read More
Bob Moriarty ArchivesJan 28, 2019Those investors who believe the price of a commodity is going to go much higher should be looking for companies with marginal projects. If a company has a property that needs, say, $15 silver and silver is only $14, they can’t make money going into production and will be valued appropriately. But if silver goes up 10% the project moves from being uneconomical...Read More
By: Clint SiegnerTwo big questions have been front and center for Fed watchers in recent months...The first is just how high rates could go before stimulus-addicted markets would falter. The second is whether our central bankers would bow to pressure once markets faltered and politicians began calling for the Fed to resume easy money policies.Both questions now seem to have an answer.They began...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.com "There is nothing wrong with cash. It gives you time to think." Robert Prechter, Jr., Elliott Wave theorist, b. 1949 "Buy when you are scared to death; Sell when you are tickled to death." Market Maxim (Cabot Market Lett...Read More
Jan. 25th, 2019(S14-E680)Featured GuestsCEO Paul Snow &Bill MurphyPlease Listen HereShow HighlightsBill Murphy of GATA.org returns to the show with fresh insights on the PMs sector.Palladium is key precious metal in the auto manufacturing sector used primarily for emissions reduction in gas engines.China and other BRICS nations are stockpiling the metal amid a global shortage.The price of Pall...Read More
StrengthsIn what has been a rather rare occurrence, silver was the best performing metal this week, up 2.64 percent despite a steady trickle of silver out of the physical metal ETFs on a near daily basis. Gold traders are bullish for an 11th straight week, as surveyed by Bloomberg, on the heels of a declining dollar and speculation of a U.S.-China trade war standoff. Gold briefly rose 1 percent...Read More
By: Daniel R. Amerman, CFAMany people view the seven years of zero percent interest rates experienced in the United States between 2008 and 2015 as being safely in the past, with normal times having returned.As explored in this analysis, so long as the business cycle of expansions and recessions has not been repealed - then we are highly likely to see a swift return to a potentially protracted b...Read More
By: Keith Weiner, Monetary MetalsNewly elected Representative Alexandria Ocasio-Cortez recently said that Modern Monetary Theory (MMT) absolutely needed to be "a larger part of our conversation." Her comment shines a spotlight on MMT. So what is it? According to Wikipedia, it is:"a macroeconomic theory that describes the currency as a public monopoly and unemployment as the evidence that a...Read More
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we've been using for the last week or so. (Note: These numbers differ slightly from the ones given here earlier because the pattern's point 'C' low changed.) The 1330.40 'D' pivot wil...Read More