New mining projects, particularly in the gold sector, are expected to drive strong economic growth in Canada's far north, with Yukon and Nunavut surpassing the rest of Canada by 2010, a new report shows.According to The Conference Board of Canada's latest Territorial Outlook, the nearby Northwest Territories (N.W.T.), however, face challenging times as the diamond industry there matures and prod...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More
(Updates prices) * Palladium on track for worst week since mid-July * Silver set for biggest daily decline in about two weeksBy Karthika Suresh NamboothiriNov 23 (Reuters) - Gold fell on Friday as the dollarregained momentum and an improvement in risk sentiment liftedstock markets in Europe.Spot gold fell 0.4 percent to $1,221.71 per ounce at1317 GMT, while U.S. gold futures for December deliveryw...Read More
A fall to a new low on November 14.A rejection of the downside.The trend continues to be lower.$15.07 can change the trend.USLV and DSLV for those who do not trade futures.Silver has a long history as a volatile metal that moves more on a percentage basis than gold. Market speculators tend to flock to the silver market when it begins to develop a trend which typically starts with the break of tech...Read More
(Updates with closing prices)By Peter Hobson and Mai NguyenLONDON, Nov 23 (Reuters) - Nickel prices on Friday touchedtheir lowest since October last year, pulled down by worriesabout a supply surplus in 2019 and weaker demand from China, thelargest consumer of the metal.Most other base metal prices also fell sharply on concernsthat U.S.-China trade talks next week could fail, leading toweaker econ...Read More
Shares in Galantas Gold (TSX, LON:GAL) climbed more than 30% in London on Friday after a court of appeal dismissed a challenge to a Northern Ireland judge's approval of work at the company's Omagh gold project.Mining is already underway at Omagh, but once it reaches commercial production it's expected to produce 30,000 ounces of gold concentrate per year.The company stated the court ruled that...Read More
Benefiting from mixed Asian equities and a broadly subdued US dollar. Upside may be capped by Thanksgiving thin trades and positive Treasury yields. Gold (futures on Comex) found buyers in Asia once again near the 1227 level, now heading back towards the two-week tops of 1229.70 reached a day before. The yellow metal remains on the front foot so far this Friday, as the US dollar extends its sof...Read More
Published 22 Hours AgoUpdated8 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold fell on Friday as the dollar regained momentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.Spot gold was 0.3 percent lower at $1,222.54 per ounce. U.S. gold futures for December delivery fell 0.4 percent to $1,223 per ounce."It's really the dollar's move...Read More
Published 22 Hours AgoUpdated8 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold fell on Friday as the dollar regained momentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.Spot gold was 0.3 percent lower at $1,222.54 per ounce. U.S. gold futures for December delivery fell 0.4 percent to $1,223 per ounce."It's really the dollar's move...Read More
Regulators and law enforcement are keeping a closer eye on crypto. The price of bitcoin collapsed this week to levels the cryptocurrency hasn't seen since approximately October 2017, prior to a hot streak that pushed up the price of one coin to more than $17,000 in mid-December of last year. Amid price volatility, bitcoin was trading at approximately $4,400 as of Wednesday afternoon. Crypto...Read More
European stocks traded lower Thursday, although volumes were low owing to the U.S. Thanksgiving holiday, as investors took a cautious stance ahead of a key weekend summit on Brexit and the ongoing budget standoff between Rome and Brussels. However, news that British and EU negotiators had reached an agreement on the draft text of a deal that will both establish Britain's EU exit procedures...Read More
Bob Moriarty ArchivesNov 23, 2018Over the past eighteen years and many hundreds of site visits I have met a lot of geos. It might by 800, might be 1200 but I have met a bunch of them. Few of my readers realize it but for a dozen years I delivered small aircraft built in the US to destinations all over the world. I did about 240 over ocean trips averaging 15-18 hours each flight.Pilots are interest...Read More
Note: A.M. image courtesy of website.HighlightsHead of Research at GoldMoney, Alastair MacLeod makes his show debut on Thanksgiving Day, 2018. Listeners are encouraged to bookmark his weekly commentary at Goldmoney Insights. The Bank of England (BoE) refused to honor its custodial arrangement and return 14 tonnes of gold held on behalf of Venezuela (MacLeod, 2018). Standard anti-money launde...Read More
HighlightsArch Crawford, head of Crawford Perspectives for 41 consecutive years rejoins the show.Our guest advises investors to hold a core position in gold, which could develop a base near current levels.A close above $1,370 would indicate a sign of pent-up bullish demand. Arch Crawford has closed all long positions in US equities and is holding short-term index puts, in case the current...Read More
By David Brady, CFALast week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven by a reversal in policy by the Fed following a stock market crash and the subsequent ultimate peak in the dollar, including USD/CNY. This w...Read More
By Daniel R. Amerman, CFAThe Organization For Economic Cooperation and Development (OECD) is urging the nations of the world to be prepared for and have a coordinated plan to simultaneously engage in major "fiscal stimulus" in the event of a downturn in the global economy."Fiscal stimulus" is how economists refer to a government substantially increasing spending, while holding taxes constant or...Read More
By Gary TanashianAll through the bear market hopeful rationalizations were served up for a bullish case on the gold miners. All through the bear market we warned people not to eat that rotten turkey!China demand, the China and India "love trade", cyclical inflation driving up the prices of commodities and resources and the classic... economic growth in the US will create cost-push inflation thro...Read More
By Steve St. AngeloGlobal debt increased at the fastest rate at the beginning of 2018. In just one quarter, total global debt jumped by more than $8 trillion. That is quite surprising as total world debt rose by $22 trillion for the full year in 2017. Thus, the increase in global debt last year averaged $5.5 trillion each quarter.However, global debt according to the Institute of Internati...Read More
This reform will make US financial system more vulnerable, just adding fuel to the fire of easy money. This is what some people worry about. Are they right? We invite you to read our today's article about the rollback of Dodd-Frank Act and its potential implications for the price of gold. In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare...Read More