Mr. Nav Dhaliwal reports BONTERRA AND DUKE OPTION DRILLING EXTENDS GLADIATOR LENGTH TO 4.5 KMBonterra Resources Inc.'s Gladiator mineralized trend has been extended to over 4.5 kilometres as a result of new drill results as well as new information gained through the Duke joint venture database.Drilling by Bonterra and by the previous owner of the Duke ground (Beaufield Resources Inc., now Osisko M...Read More
Canada's Nevsun Resources (TSX, NYSEMKT:NSU) said Tuesday that Zijin Mining had received approval from Chinese and Canadian authorities for its proposed friendly $1.41 billion-takeover bid of the Vancouver-based miner.Both the go-ahead granted by China's State Administration of Foreign Exchange (SAFE) and the support by the Canadian Investment Canada Act (ICA), said Nevsun, were the final regulat...Read More
* China-U.S. trade tension rises ahead of G20 meeting * SPDR Gold Trust holdings rose on Monday (Updates prices)By Sumita LayekBENGALURU, Nov 20 (Reuters) - Gold firmed near a two-weekpeak on Tuesday, as a slide in stock markets offset an uptick inthe dollar, with the metal holding a tight range in light tradeahead of the U.S. Thanksgiving holiday.Spot gold rose 0.1 percent to $1,225.56 per ounce...Read More
LONDON, Nov 20 (Reuters) - Global primary aluminium output rose to 5.414 million tonnes in October from 5.301 million tonnes in September, data from the International Aluminium Institute (IAI) showed on Tuesday.Estimated Chinese production rose to 3.05 million tonnes in October from 3.01 million tonnes in September, it added.Keywords: IAI PRODUCTION Disclaimer: The views expressed in this article...Read More
Africa-focused Perseus Mining (ASX,TSX:PRU) said Tuesday that drill results from the Esuajah Gap deposit at its Edikan gold mine in Ghana show the asset contains "significant" mineralized granite bodes well for a productive life extension.While Edikan currently has only six years of resources left, the company believes the mine life could be extended by tapping into the Esuajah Gap discovery.Based...Read More
Africa-focused Perseus Mining (ASX,TSX:PRU) said Tuesday that drill results from the Esuajah Gap deposit at its Edikan gold mine in Ghana show the asset contains "significant" mineralized granite bodes well for a productive life extension.While Edikan currently has only six years of resources left, the company believes the mine life could be extended by tapping into the Esuajah Gap discovery.Based...Read More
The repeated failure to move past the 100-day exponential moving average (EMA) is a slight cause for concern for the bulls. The dollar index (DXY) remains on the defensive and could suffer a deeper sell-off, lifting gold above the key EMA hurdle if the 10-year treasury yield suffers a double top breakdown. Gold is currently trading at $1,221 per Oz, having faced rejection at the 100-day EMA hurd...Read More
The Monday Market Minute Dow falls triple digits out of the gate as markets are weighed down by new trade issues.The Nasdaq experienced its third decline in four sessions. This is the first time all three major indices are in the red in three sessions. Nvidia continued its downward slide, falling another 7% in morning trading. U.S. stocks were routed in market trading Monday as market...Read More
Jack ChanPosted Nov 19, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on sell signal.***CEF – on sell signal.***GDXJ – on sell signal.***Speculation remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.Speculation remains at multi decade low.Tradable bottom remains in p...Read More
The Monday Market Minute Global stocks mixed, despite conflicting statements on the fate of U.S-China trade, as dovish comments from Fed Vice Chair Clarida cast bullish tone heading into holiday-shortened week.APEC meeting fails to agree communique as Pence jabs China on unfair trade policies, Beijing says world faces choice between "cooperation and confrontation" at testy meeting in Port Moresb...Read More
(The opinions expressed here are those of the author, acolumnist for Reuters.)By Clyde RussellLAUNCESTON, Australia, Nov 19 (Reuters) - Are themuch-lauded predictive capabilities of copper starting to showthat the divide between China and the United States on trade andinvestment, which was on full display at the weekend meeting ofAsia-Pacific leaders, no longer matters?The failure of leaders of th...Read More
CloseGain/LossGold $1222.40-$0.80Silver$14.32-$0.10XAU65.17-0.81%HUI147.19-0.73%GDM538.38-0.32%JSE Gold1143.65+2.03USD96.81+0.60Euro113.68-0.82Yen88.76UNCHOil$53.43-$3.7710-Year3.056%+0.003T-Bond139.90625+0.125Dow24465.64-2.21%Nasdaq6908.82-1.70%S&P2641.89-1.82% The Metals: Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to...Read More
By Craig HemkeOn Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can...Read More
By Ira EpsteinGold sells off as US Dollar soars. https://www.iraepstein.com/ Read More
Graceland Updates By Stewart Thomson 1. After breaking upside from a double bottom pattern, gold continues its solid price action. More good times lie directly ahead for precious metals investors, because Chinese New Year buy season begins very soon.2. Please click here now. Double-click to enlarge. Note the solid position of my key 14,7,7 Stochastics indicator on this daily g...Read More
Dear Friend of GATA and Gold:Bart Chilton, the former member of the U.S. Commodity Futures Trading Commission who pushed his agency to hold in a March 2010 public hearing that addressed manipulation of the monetary metals markets and called GATA leaders as witnesses, this year has been hosting Russia Today's daily "Boom/Bust" program, and last Thursday he interviewed fund manager and gold advoca...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his.Sometimes we must consider the unthinkable.Official US national debt is $21.6 trillion. Unfunded liabilities are five to ten times higher. Global debt is about $250 trillion. US national debt has doubled every eight to nine years for decades.National debt in 2018 - $21.6 trillionNational debt in 2026? - $40+ trillion...Read More
Powell is apparently between a rock and a hard place. Inflation surged, while the global economy slowed down. What will he do? And how will gold react? Inflation Jumps in October The consumer price index climbed 0.3 percent last month, after rising 0.1 percent in September, according to the U.S. Bureau of Labor Statistics. It was the biggest rise since January, and it was mainly caused by an i...Read More
By Frank HolmesHere in San Antonio, the temperature hit a bone-chilling low of 27 degrees last Wednesday, breaking a 102-year-old record for mid-November. An out-of-state visitor, Cornerstone Macro's Head of Portfolio Insights Stephen Gregory, speculated that the Central Texas temperature, ordinarily mild this time of year, was down more than three standard deviations. I didn't make the calculat...Read More
Asset management firm Fasanara Capital compared stock valuations to bitcoin in that "it is totally disconnected from fundamentals," its chief executive told CNBCImpending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flowsStill, a major selloff hasn't arrived, and many market-watchers continue to...Read More