Global stocks retreated Monday as investors reacted the weakest growth data from China in nearly thirty years and a downgrade to the world's economic forecast from the IMF. China's National Bureau of Statistics said fourth quarter GDP slowed to 6.4%, taking the full-year advance to 6.4%, down from 6.8% in 2017 and the slowest since 1990. Domestic demand and export growth have both suffered this...Read More
Commodities have reached a cyclical low and should be headed for higher prices in the years to come, this according to Jim Wyckoff, senior market analyst for Kitco News. "Raw commodities, in the past year or so, I believe has put in a longer-term cyclical low. That means in the coming years those raw commodity prices are going to work higher," Wyckoff said. Wyckoff said that next year should see...Read More
Global stocks were mixed Monday as investors reacted the weakest growth data from China in nearly thirty years in favor of a cautious bet that stimulus from Beijing, and a trade deal with Washington, will ignite growth in the world's second largest economy. China's National Bureau of Statistics said fourth quarter GDP slowed to 6.4%, taking the full-year advance to 6.4%, down from 6....Read More
U.S. corporate earnings have largely topped analysts' estimates over the first two weeks of the reporting season, according to data from Refinitiv, but slowing revenue growth suggests the fading impact of tax cuts, and the uncertainty surrounding trade talks with China, will clip the collective bottom line of U.S companies over the first half of this year. Fifty-five S&P 500 companies...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJanuary 22, 2019 Is the price correction in gold already over? Please click here now. Double-click to enlarge.I told investors to prepare for a modest and healthy correction from the $1300 area, and that’s happened. Gold hasn’t even reached the first Fibonacci retracement lin...Read More
CloseGain/LossGold $1284.60+$3.90Silver$15.33UNCHXAU68.74+0.53%HUI152.20+0.95%GDM572.33+0.18%JSE Gold1341.80+33.06USD96.36-0.01Euro113.63-0.03Yen91.65+0.41Oil$52.57-$1.2310-Year2.739%-0.048T-Bond145.21875+0.6875Dow24404.48-1.22%Nasdaq7020.36-1.91%S&P2632.90-1.42% The Metals: Gold dipped $3.80 to $1276.90 in holiday thinned trade yesterday before it bounced back to $1284.9...Read More
By Ira EpsteinGold and silver both hold key support level of lower Bollinger Bands.https://www.iraepstein.com/ Read More
By Daniel R. Amerman, CFANumerous warning signals of a coming recession have appeared recently, and there have been rapid changes in bond prices, stock prices and Federal Reserve policies.Yet, the stock market indexes are rising again, and the economic and financial fundamentals remain strong in many ways. Are the widespread fears of recession overblown?In the search for answers, this analysis e...Read More
They say that there are no atheists in fox holes. Recently it has also become clear there are no monetary hawks in bear markets. For much of the last decade many conservative market analysts have decried our reliance on monetary stimulus to prop up the economy and the stock market. But in the final months of 2018, in the face of the worst stock market declines in a decade, many of these suppose...Read More
By Michael J. Kosares"Although it is needed in good times, it can be vital when times are difficult."As a member of the British parliament in 1999, Sir Peter Tapsell, who passed away this past August, argued vigorously to keep the government from selling off over half of the country's gold reserves. Previously, in the 1980s, Tapsell had managed a gold bullion fund, "valued at many hundreds of mi...Read More
By Keith WeinerLast week, we joked that we don't challenge beliefs. Here's one that we want to challenge today: the dollar doesn't work as a currency, because it's losing value. Even the dollar's proponents, admit it loses value. The Fed itself states that its mandate is price stability which it admits means relentless two percent annual debasement (Orwell would be proud). So there is no questio...Read More
Graceland UpdatesBy Stewart Thomson 1. Is the price correction in gold already over? 2. Please click here now. Double-click to enlarge. I told investors to prepare for a modest and healthy correction from the $1300 area, and that's happened.3. Gold hasn't even reached the first Fibonacci retracement line after staging a magnificent rally from the $1173 area. That's a sig...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, up 4.36 percent on acute supply tightness. JPMorgan sees additional upside to the price despite weaker auto sales. Gold traders and analysts surveyed by Bloomberg remain bullish on the yellow metal for a 10th straight week even as prices remain near the $1,300 level. ETFs added gold to their holdings for the 15th straight...Read More
Phoenix, Arizona (January 22, 2019) - An Arizona legislator has put forward a bill to de-risk the state's financial holdings with a modest allocation to physical gold and silver in the state's reserve fund.Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona's Budget Stabilization Fund be held in the monet...Read More
Thousands of political, business and cultural leaders are heading now towards Davos, Switzerland, to attend the World Economic Forum. On the eve of the world's biggest annual gathering of the rich and powerful, the International Monetary Fund released its newest world economic outlook. What are the forecasts - and their implications for the gold market? Global Expansion Weakens Well, the title...Read More
The business cycle has its stages, and they're usually both predictable and logical. For example, governments tend to generate a lot of tax revenue late in an expansion as more people get jobs and start paying income taxes and rising stock prices generate big capital gains. Meanwhile, less has to be spent on social safety net programs because everyone is working. Combine higher tax revenues and...Read More
Gold finally broke below the triangle pattern and confirmed multiple medium-term bearish signals that we previously saw. Gold is the flagship metal of the precious metals sector, so the above is an important indication for the short term. However, the most important development for gold and silver investors happened somewhere else. USD's Breakout The USD Index broke above the declining short...Read More
- Outlook for gold in 2019: IG TV Victoria Scholar interviews GoldCore- Given Brexit & Trump risk, trade wars & fragile economic growth, gold may gain 20%-25% in 2019- Palladium has surged to record highs and gold will play catch up in coming years and reach record highs again; Both nominal highs near $1,900/oz and inflation adjusted at much higher prices- Global demand will be strong in 2019 a...Read More
COLORADO SPRINGS, Jan. 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced preliminary 2018 year-end and fourth quarter mill production results. The Company produced approximately 26,838 gold ounces and 1,672,034 silver ounces for the 2018 year, which met its annual gold and silver production target ranges. Gold Res...Read More