The Fed's recent flip on monetary policy is inadvertently creating an ideal environment for gold to thrive in.Its dovish path should further suppress the dollar, lower interest rates, and eventually create excess inflation.These are extremely positive developments for gold.These factors also coincide with increased interest amongst speculators, and a very constructive technical image that sugg...Read More
Toronto-based Palamina Corp. (TSXV: PA) took one step forward regarding its 100%-owned Coasa gold project by submitting, this week, an Environmental Impact Declaration (DIA in Spanish) to the Peruvian Ministry of Energy and Mines. Such a declaration is the primary environmental permit required prior to drilling.The 17,200-hectare Coasa project is located in the Puno region of southeastern Peru and...Read More
* Discount for cash copper over 3-month highest since August * Chinese stimulus impact a second half story (Updates with closing prices)By Pratima DesaiLONDON, Jan 15 (Reuters) - Copper prices steadied on Tuesdayas top consumer China signalled further stimulus measures tosupport economic growth and demand while U.S. President DonaldTrump raised hopes of reaching a trade deal with Beijing.Benchmark...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE: MUX) on Tuesday posted 2018 production results that exceeded expectations, with gold equivalent output climbing 15% from 152,329 ounces in 2017 to 175,561 ounces last year.Full-year production included 135,124 ounces of gold, up 23% when compared to the previous year, and 3.03 million ounces of silver, or 4.5% less than in 2017.Output at...Read More
* Graphic: World FX rates in 2019* Pound near 2-month high before Brexit vote * Euro kicked lower by soft German economic data * Oil nudges higher on supply cut talk * Bond yields slip lower after weak data, friendly Fed * JP Morgan earnings miss scuffs Wall Street futuresBy Marc JonesLONDON, Jan 15 (Reuters) - Spluttering noises from Germanyand an earnings miss from banking giant JP Morgan dragge...Read More
Canada's IDM Mining (TSX-V:IDM), which is in the process of being absorbed by fellow miner Ascot Resources (TSX-V:AOT), can now start building its flagship Red Mountain gold and silver mine near Stewart, British Columbia, as it has received the federal government's environmental approval.Environment and Climate Change Minister Catherine McKenna said late on Monday that the proposed mine was not...Read More
Gold's 12-day-long consolidation near $1,300 has taken the shape of a contracting triangle, the 4-hour chart shows. 4-hour chart The key moving averages (MAs) - 50, 100, and 200 - are trending north and are located one above the other, indicating the path of least resistance is on the higher side. Therefore, the risks of a contracting triangle breakout are high. Moreover, a breakout, if confi...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell on Monday, coming off a strong week for U.S. equities. The Dow last week rose 2.4%, the S&P 500 gained 2.5%, and the Nasdaq finished 3.5% higher. Citigroup Inc (C) rose 3.95% after the bank posted fourth-quarter adjusted profit that beat analysts' estimates but...Read More
Investing.com - Gold prices edged up on Monday in Asia while the U.S. dollar was little changed as investors await further news on additional rate hikes in the coming months.Gold futures edged up 0.2% at $1,292.25 on the Comex division of the New York Mercantile Exchange by 1:09 AM ET (06:09 GMT).The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.07% to...Read More
Bob Moriarty ArchivesJan 15, 2019Anaconda continues to drill their high grade Goldboro deposit. The company just announced a 78.07 g/t gold intercept over 1.1 meters. To show it wasn’t just a fluke they also reported a 32.42 g/t Au intercept over 2.6 meters. It’s a saddle reef style deposit and you can expect a lot of similar grades and intercepts.Investors yawned as the shares soared...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.com Jan 15, 2019“Some analysts believe China could deliver 2 trillion yuan ($296.21 billion) worth of cuts in taxes and fees, and allow local governments to issue another 2 trillion yuan in special bonds largely used to fund key projects.” - CNBC News, Jan 15, 2019. China’s...Read More
CloseGain/LossGold $1289.20-$2.40Silver$15.57-$0.06XAU69.37-2.50%HUI153.07-2.68%GDM576.85-1.64%JSE Gold1345.05-31.18USD95.93+0.33Euro114.12-0.58Yen92.36-0.05Oil$52.11+$1.6010-Year2.718%+0.011T-Bond145.3125-0.09375Dow24065.59+0.65%Nasdaq7023.83+1.71%S&P2610.30+1.07% The Metals: Gold dipped $4 to $1287.60 at about 5AM EST before it rose to as high as $1294.70 by midmorning...Read More
By Ira EpsteinMetals stall, but hold overall gains as US Dollar rallies sharply.https://www.iraepstein.com/ Read More
By Craig HemkeFor each of the past several years, we've written January posts that helped to serve as a road map for the year ahead. Though crystal ball gazing is an inexact science, on balance we've done a pretty good job with these forecasts. As 2019 dawns, we thought we should give it another try today. Let's begin with where we've been... After the election of Trump in November 2016, a narra...Read More
Graceland Updates By Stewart Thomson 1. "Some analysts believe China could deliver 2 trillion yuan ($296.21 billion) worth of cuts in taxes and fees, and allow local governments to issue another 2 trillion yuan in special bonds largely used to fund key projects." - CNBC News, Jan 15, 2019.2. China's economy is likely to grow in the 6.2%-6.5% range for 2019 and the stimulus is inflat...Read More
By James AndersonEvery 50 years or so over the last century and a half of time, free market forces have eventually given the US government a full gold accounting by her Official US Gold Reserves.On this website we have covered in much detail the last 2 times gold accounted for outstanding US dollars (e.g. gold vs dollars).We along with many of our customers fully expect similar occurrences to co...Read More
Fiat paper money: Once gold and silver derivatives Today, instruments of debt issued by central banks After the 2008 financial crisis, Fed Chairman Ben Bernanke invoked Milton Friedman's theory that a helicopter drop of money could prevent a collapsing credit bubble from becoming a Great Depression.When credit bubbles burst, defaulting debt and disappearing demand cause the velocity of money...Read More
By Frank HolmesSummary:An update to the Periodic Table of Commodity Returns.Goldman Sachs issues an overweight recommendation for gold and commodities.Paradigm Capital says royalty companies are the "best bet" in metals and mining.Our ever-popular Periodic Table of Commodity Returns has been updated for 2018 and is now available on the U.S. Global Investors website! I invite you to get lost usin...Read More
By Steve St. AngeloInvestors should prepare for crazy and turbulent markets in 2019. As the correction in the broader markets picks up speed and heads much lower, investor worry will start to turn into fear. At this point, the precious metals will likely disconnect from the markets and move higher as investors move into gold and silver to protect wealth.I discuss this in my newest video upda...Read More
By Clint SiegnerThe two largest private producers of bullion bars and rounds in the U.S. have gone defunct over the past two years. Premiums for silver bars and rounds are already on the rise as markets adjust to the lack of supply.Two major mints have blown upin the past two years.At present, demand for these products is manageable. A surge in buying activity, however, could lead to serious dif...Read More