Trump has just announced a "National Day of Mourning" on Wed, Dec 5th...the very day of the House Hearings on Clinton Foundation Investigation..Coincidence??Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Chris Martenson of PeakProsperity.com about Medicare4All, the economics of fracking, and thoughts from the precipice.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for Th...Read More
The gold market is looking indecisive while heading into December – a negative month, from a seasonality perspective. The metal ended November on a flat note at $1,220, having hit a monthly high and low of $1,238 and $1,196, respectively. Essentially, it created a classic doji candle on the monthly chart, indicating indecision in the marketplace. Notably, the doji candle has appeared...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort156,779154,90865,544172,358188,458394,681408,910Change from Prior Reporting Period -8,727-1,702-49,840-28,901-35,941-87,468-87,483Traders139101865152239199 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,12033,891442,801 4,3294,344-83,139 non reportable positionsC...Read More
Editors note: I am not sure what to make of being called "Ireland's Mr Gold" but I suppose you could be called worse. For me, my fellow founder Stephen and our excellent team, it has never been about gold itself, but rather it has been about the benefit that gold provides to our clients, their families, their companies and the wider society.This benefit is not just in terms of hedging, financial...Read More
Mr. Joseph de la Plante of Osisko reportsOSISKO GOLD ROYALTIES LTD.: EARLY WARNING NEWS RELEASEOsisko Gold Royalties Ltd. has completed the previously announced conversion of a secured debenture having a principal amount of $7-million purchased from Falco Resources Ltd. into 12,104,444 units of Falco, with each unit comprising one common share of Falco and one-half common share purchase warrant of...Read More
A Chinese official waxed optimistic on trade talksThe Dow spent most of the session fairly close to breakeven, but ultimately rallied nearly 200 points after a Chinese official said the U.S. and China are finding common ground before the much-anticipated dinner between the countries' leaders at the G-20 meeting this Saturday. As such, the Dow logged its best week since November 2016. The S&P and N...Read More
It is still premature for gold traders to start buying. That's the judgment of many contrarian analysts, who note that gold market sentiment is not yet favorable. This is the same opinion they had six weeks ago, the last time I focused a column on gold market sentiment. Gold GCG9, -0.21% today, of course, is trading slightly lower than where it stood then. Consider the average recommended gold...Read More
A decline in gold futures Friday, on the back of further strength in the dollar, pushed the metal down for the week, but prices still tallied a second straight monthly gain. Gold for February deliveryGCG9, -0.21% shed $4.40, or 0.4%, to settle at $1,226 an ounce, with the contract registering a weekly fall of nearly 0.3%, based on last Friday's settlement. For the month, however, prices were up ab...Read More
A decline in gold futures Friday, on the back of further strength in the dollar, pushed the metal down for the week, but prices still tallied a second straight monthly gain. Gold for February deliveryGCG9, -0.21% shed $4.40, or 0.4%, to settle at $1,226 an ounce, with the contract registering a weekly fall of nearly 0.3%, based on last Friday's settlement. For the month, however, prices were up ab...Read More
There is little doubt that 2018 has been a rough year for investors and traders alike. Stock favorites like FaceBook and Apple have turned from soaring eagles into quail shot out of the sky. Steady trends have turned into choppy, confusing whipsaws. In this climate, gold is often a refuge. This chart of GLD, a popular gold Exchange Traded Fund (ETF) shows tha...Read More
The shares have surged 264% over the last 12 monthsThe U.S. stock market is trading modestly lower as the G-20 summit gets underway. There's some volatile price action among individual stocks, including media name World Wrestling Entertainment, Inc. (NYSE:WWE), immune disorder specialist Fate Therapeutics Inc (NASDAQ:FATE), and golf retailer Callaway Golf Co (NYSE:ELY). Here's a quick look at what...Read More
Weeklies allow investors to fine-tune their trading time frameThere are many benefits to buying options, namely limited losses and theoretically unlimited gains. But for investors looking to "customize" their trade to capitalize on -- or hedge against -- near-term moves, many turn to weekly options. Below, we discuss the benefits of trading these short-term option contracts.The most popular stocks...Read More
One ETF has ended the month higher nine of the past 10 yearsDecember has historically been a bullish month for Wall Street. In fact, we recently outlined the best stocks to own in December, as well as the stocks to avoid, if past is prologue. But what about specific sectors? Historical data indicates that one exchange-traded fund (ETF) in particular tends to shine in the final month of the year: t...Read More
The S&P and Nasdaq are eyeing their best week since FebruaryAfter a dismal Thanksgiving week, stocks bounced back with a vengeance, thanks to some dovish Fed chatter and cautious optimism ahead of the critical meeting between U.S. President Donald Trump and China President Xi Jinping at the G-20 summit this weekend. The Dow Jones Industrial Average (DJI) is pacing for its best week since November...Read More
Kirkland Lake Gold (TSX, NYSE:KL; ASX:KLA) announced that its Fosterville Mine is expected to break its own record quarterly production in the fourth quarter of 2018. Full-year production is now forecasted at 330,000 ounces. Previously reported guidance was established at 300,000-310,000 ounces.In a press release, Kirkland Lake Gold said Fosterville's strong Q4 2018 performance reflects higher tha...Read More
Despite its best efforts, the "most likely scenario" is that mining operations will cease in Flin Flon, Manitoba in 2021, an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) reads.While the company has been successful over the last few years in extending the life of its 777 mine from 2019 to 2021, the memo noted, its efforts to find new sources of ore from 777, "did not turn out...Read More
Kirkland Lake Gold (TSX, NYSE:KL; ASX:KLA) announced that its Fosterville Mine is expected to break its own record quarterly production in the fourth quarter of 2018. Full-year production is now forecasted at 330,000 ounces. Previously reported guidance was established at 300,000-310,000 ounces.In a press release, Kirkland Lake Gold said Fosterville's strong Q4 2018 performance reflects higher tha...Read More
Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More
At this point, the Fed should pause on interest rate increases, says Minneapolis Fed President Neel Kashkari.Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, Kashkari argues. Kashkari believes rates are "close to neutral," a level hotly debated ever since Fed chief Jerome Powell's controversial comments last month.Matthew J. Belvedere| @Matt_Belveder...Read More