Gold is on track to become less volatile and stabilize.The future of gold in 2019.Gold prices compared to the GDX gold miners fund.Gold continued to build on last week's gains, adding nearly $7 per troy ounce or 0.5% as of the close on Friday on the New York COMEX futures exchange. The final print for the week was $1,229. Given the surge seen over the past two weeks, it is time to place the price...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has shrugged off some shareholders concerns about the company not being in position to buy new assets, and announced the acquisition of Mason Resources (TSX:MNR) for C$31 million (about $24m).Disclosing the deal after the market closed on Wednesday, Hudbay president and chief executive officer Alan Hair said that while the company believed the most...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Spearmint Resources (CSE:SPMT) announced today that it has acquired the 'Hammernose' gold prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Resources and Sable Resource in the Spences Bridge gold belt, which is located in Southern British Columbia, Canada.According to Spearmint, Spences Bridge is a 200-kilometre-long by 30-kilometre-wide emerging low-su...Read More
Spearmint Resources (CSE:SPMT) announced today that it has acquired the 'Hammernose' gold prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Resources and Sable Resource in the Spences Bridge gold belt, which is located in Southern British Columbia, Canada.According to Spearmint, Spences Bridge is a 200-kilometre-long by 30-kilometre-wide emerging low-su...Read More
* Gold jumps after three sessions of losses * Dollar retreats from 16-month highs * Platinum hits highest since July 9 (Updates prices)By Swati VermaBENGALURU, Nov 1 (Reuters) - Gold rose more than 1 percenton Thursday, rebounding from a three-week low touched in theprevious session, and spurred by the dollar's retreat frommulti-month highs.After falling for three days, spot gold gained 1.2percent...Read More
Although faced with a comprehensive assessment process and the fact that the French government formed a special committee to evaluate in detail the social and economic benefits and impacts of the gold mining industry in French Guiana, Columbus Gold (TSX:CGT) issued a statement today saying that its Montagne d'Or gold project, which is located in the overseas territory, is moving forward with permi...Read More
Although faced with a comprehensive assessment process and the fact that the French government formed a special committee to evaluate in detail the social and economic benefits and impacts of the gold mining industry in French Guiana, Columbus Gold (TSX:CGT) issued a statement today saying that its Montagne d'Or gold project, which is located in the overseas territory, is moving forward with permi...Read More
* Tepid start to November * IT sector hit by firm rupee * Yes Bank top gainer on NSE, closes up 8.5 pctNov 1 (Reuters) - Indian shares ended little changed onThursday as losses in IT stocks, pressured by a strong rupee,marginally outweighed gains in the financial sector.The broader NSE index ended 0.06 percent lower at10,380.45, while the benchmark BSE index closed mostlyflat at 34,431.97.IT stock...Read More
* STOXX 600 up 0.2 pct * ING gains on profit beat * BT rallies as outlook improves * Shell, TGS lead oil stocks lower (Updates prices, adds details)By Danilo Masoni and Helen ReidMILAN/LONDON, Nov 1 (Reuters) - European shares hit atwo-week high on Thursday as strong results from Dutch bank INGand UK telecoms group BT helped offset a disappointing updatefrom Credit Suisse, and ASM International br...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More
South African miner Gold Fields (NYSE, JSE:GFI) revealed Thursday the biggest union at its massive, but struggling South Deep mine is going on strike on Friday over the company's planned job cuts, which Chief Executive Officer Nick Holland has called a "last-gasp measure."The gold miner is axing about 1,100 jobs, almost third of the workforce at the mine - its only one left in South Africa - a...Read More
South African miner Gold Fields (NYSE, JSE:GFI) revealed Thursday the biggest union at its massive, but struggling South Deep mine is going on strike on Friday over the company's planned job cuts, which Chief Executive Officer Nick Holland has called a "last-gasp measure."The gold miner is axing about 1,100 jobs, almost third of the workforce at the mine - its only one left in South Africa - a...Read More
Gold and silver are historically undervalued, in inflation adjusted terms, since 1970.Gold ounces per capita is trading below 1950s numbers which means there is less available physical ounces per person now than almost 70 years ago.Bond and stock market weakness are pointing to a recession. Crashes in both markets will likely be needed to break the spot price speculative nonsense which drives curr...Read More
ANKARA, Nov 1 (Reuters) - Turkey's Treasury said on Thursdayit expected 2019 domestic borrowing to increase to 153.9 billionlira ($27.56 billion) from 132.4 this year, and to boost itsexternal borrowing to 45.1 billion lira ($8.08 billion).Domestic debt was seen at 164.6 billion lira, while externaldebt service was seen at 60.2 billion lira for 2019, theTreasury said in a statement. It also said i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Wednesday, posting its best two-day rally in more than two years, as the blue chip index closed out a tough month that saw the index fall about 5%.Facebook Inc. (FB) rose 3.8% after the social media giant posted quarterly earnings that beat Wall Street estimates. General Motors Co. (GM) &nb...Read More
The Wednesday Market Minute Global stocks look to close out a brutal October on a high note, with investors snapping up beaten-down shares despite lingering headline risks related to U.S.-China trade, rising interest rates and weakening corporate earnings.Asia shares were supported by central bank action in Japan and China, with the former trimming its near-term inflation forecast and the latter...Read More
Bob Moriarty ArchivesNov 1, 2018Iintroduced Benchmark Metals to my readers just a week ago and they continue to deliver. The company’s main project is in the Golden Triangle that continues to attract investor attention even in an especially boring market for resources. For most companies I fear little or no action until tax loss selling has once again passed. That’s another six weeks....Read More
CloseGain/LossGold $1233.20+$16.30Silver$14.74+$0.46XAU67.19+4.52%HUI149.73+4.84%GDM544.52+3.60%JSE Gold1139.52-24.28USD96.27-0.74Euro114.11+0.86Yen88.87+0.25Oil$63.69-$1.6210-Year3.139%-0.008T-Bond138.50+0.375Dow25380.74+1.06%Nasdaq7434.06+1.75%S&P2740.37+1.06% The Metals: Gold climbed steadily higher throughout most of world trade and ended near its midafternoon New Yor...Read More
By Ira EpsteinChina and the US talk which caused gold to rally.https://www.iraepstein.com/ Read More