Novemberwas the worst month for oil bulls since July 2016. Over the past few weeks, theprice of black gold has dived deeply, sometimes dropping even under the barrierof $50. What impact did this price action have on the long-, medium- andshort-term picture of the commodity?Let's starttoday’s alert with the long-term chart (chartscourtesy of http://stockcharts.com). Looking atthe above chat,...Read More
CloseGain/LossGold $1230.80+$9.10Silver$14.37+$0.20XAU65.84+2.14%HUI148.35+2.29%GDM540.63+1.67%JSE Gold1104.90+6.09USD97.01-0.18Euro133.48+0.28Yen88.07-0.14Oil$52.95+$2.0210-Year2.984%-0.018T-Bond141.3125+0.15625Dow25826.43+1.13%Nasdaq7441.51+1.51%S&P2790.37+1.09% The Metals: Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the...Read More
CloseGain/LossGold $1230.80+$9.10Silver$14.37+$0.20XAU65.84+2.14%HUI148.35+2.29%GDM540.63+1.67%JSE Gold1104.90+6.09USD97.01-0.18Euro133.48+0.28Yen88.07-0.14Oil$52.95+$2.0210-Year2.984%-0.018T-Bond141.3125+0.15625Dow25826.43+1.13%Nasdaq7441.51+1.51%S&P2790.37+1.09% The Metals: Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the...Read More
A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comDecember 3, 2018 Along with many in the natural resource business, I read Ian Telfer's dire prediction for world gold production in a May 16, 2018 interview with Canada's Financial Post with interest. Here's an excerpt: "Are we not looking for it? Are we bad at finding it? Or have we found it all? My answe...Read More
By Clint SiegnerJPMorgan Chase and a number of other bullion banks are in a whole lot of trouble. Evidence detailing years of rigging markets and swindling clients is piling up.Deutsche Bank pleaded guilty two years ago and forked over hundreds of thousands of documents. John Edmonds, a former JPMorgan trader, entered his own guilty plea last month and turned state's evidence.The carefully culti...Read More
By Dave KranzlerThe market is already fading quickly from the turbo-boost it was given by the announcement that China and Trump reached a "truce" on Trump's Trade War - whatever "truce" means. Last week the stock market opened red or deeply red on several days, only to be saved by a combination of the repetitious good cop/bad cop routine between Trump and Kudlow with regard to the potential...Read More
Featured GuestsPeter Schiff & Bob HoyeShow HighlightsPeter Schiff, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) joins the show from his vacation office in tropical Crypto-Rico, where air conditioning service, not heating is the chief concern today. Key takeaway - gold is building a base that will likely culminate in new record prices, from $2,000 - $5,000 and unde...Read More
TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWFVANCOUVER , Dec. 3, 2018 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has declared commercial production at the Chinchillas si...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, up 5.38 percent as hedge funds boosted their net long positon to a nine-month high. Gold traders and analysts are bullish for the third week in a row, according to the weekly Bloomberg survey. Mark O'Byrne, research director at GoldCore, said "the set up for gold is getting better and better and it looks set for a strong...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 3, 2018"Buy when you are scared to death; sell when you are tickled to death." market maxim (Cabot Market Letter, April 12, 2001) "There's nothing wrong with cash. It gives you time to think." Robert Prechter, Jr. (Elliott Wave theorist...Read More
By: Larry LaBorde To every thing there is a season, and a time to every purpose under the heaven. Ecclesiastes 3:1 Last month Bill Bonner wrote an interesting article about trading the Dow/gold ratio. He recommended selling the Dow and buying gold when the ratio was above 15 (the Dow is too high compared to gold) and selling gold and buying the Dow when the ration was below 5 (the Dow...Read More
By John MauldinThis Is NutsFrom Pyramid to RectangleRedefining RetirementDemographic Problems and OpportunitiesPuerto Rico, Cleveland, and Boca RatonIn an increasingly divided world, we all share one great desire: self-preservation. Not just humans, either. The survival instinct exists in almost every living thing. Humans simply have greater ability to do something about it.In fact, we have been...Read More
By Greg Hunter's USAWatchdog.comThe International Monetary Fund (IMF) previously deemed Deutsche Bank as the most systemically dangerous bank in the world.Professor of Economics and Law, William Black, knows why and contends:"Deutsche Bank (DB) poses as what is called a 'National Champion' bank and the largest bank by far in Germany, but it's actually the largest criminal enterprise in Ge...Read More
COLORADO SPRINGS, Colo., Dec. 03, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the continued expansion of the Arista Mine's Switchback vein system with intercepts including 16.95 meters of 6.21 grams per tonne (g/t) gold, 80 g/t silver and 4.50% zinc. These new results extend the strike length by approximately 100 m...Read More
With the recent drops in oil prices and disparity between WTI and WCS, I wanted to interview an expert on the potential reasons why. It was my pleasure to have interviewed Tim Pickering, founder and CIO of Auspice Capital Advisors Ltd. The interview is interesting and I certainly learned a lot! Kal: Can you explain why there is such a spread between WTI and WCS?Tim: The spread exists primarily du...Read More
VANCOUVER, BRITISH COLUMBIA / December 3, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce a discovery at the Fran Gold Property ("Fran" or the "Property") in British Columbia, 30 kilometers southwest of the Mount Milligan Gold-Copper mine. Drill hole FR18-95 has returned a broad intercept from 227.0 to 241.0 meters of gold minera...Read More
Peter KrauthThe price of gold just managed to tread water last week, but a weakening dollar could give gold a fresh boost in December.The metal has been fighting a robust U.S. dollar, supported by anticipated Fed rate hikes and trade tensions between major economies, specifically the United States and China.Still, gold prices held up particularly well. Consider that on Nov. 12, when the DXY touche...Read More
Bob Moriarty ArchivesDec 3, 2018Early in 2018 someone named Kevin Vecmanis contacted me asking my thoughts on an AI platform he was setting up to help investors track various investing opportunities. The idea intrigued me and I encouraged him to continue. What he came up with is interesting to say the least. I think he is on to something.The platform is named VanAurum. It contains a lot of data an...Read More
By Ira EpsteinGold pops, as expected off G-20. Now key is to hold on pullback if year end rally is to unfold,https://www.iraepstein.com/ Read More
The Main Stream Financial Media would love to have investors believe that the recent problems in the global equity market are all about a trade war with China. Therefore, everything can be made right just because Trump shook hands with Xi Jinping at the G-20 meeting in Argentina. But the truth is, China's problems are structural in nature-resulting from a centrally-planned economy that goads its c...Read More