The precious metals sector continues to be viewed with disdain, posits technical analyst Clive Maund, who discusses the factors that he sees are behind changes in the market. The precious metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bull market. However, the cha...Read More
Technical analyst Clive Maund tracks movements in the platinum, gold and silver markets.It was a very good day for the metals Friday, as they rose sharply in response to the dollar going into reverse after a sizable run-up. A very significant development was that platinum broke out of its Head-and-Shoulders bottom on strong volume, a move which we had expected that marks the start of a bull market...Read More
Gold is the metalof kings, the ultimate money, an eternal store of value, an untarnishableembodiment of beauty. Gold is all those things. But it is not the most valuablemetal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold.Lately, platinum has traded at an abnormally large discount to the yellowmetal. Metals investorswho want to hold the most concentrated we...Read More
Technical analyst Clive Maund charts silver and explains why he believes the metal's prospects are changing. Silver continues to be a singularly neglected and unloved investment, and has been for years now, but as we will proceed to see, this is not a situation that is likely to continue for much longer. On its 10-year chart we can see that silver has basically been moving sideways marking out a l...Read More
The precious metals sector continues to be viewed with disdain, posits technical analyst Clive Maund, who discusses the factors that he sees are behind changes in the market. The precious metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bull market. However, the cha...Read More
Technical analyst Clive Maund tracks movements in the platinum, gold and silver markets.It was a very good day for the metals Friday, as they rose sharply in response to the dollar going into reverse after a sizable run-up. A very significant development was that platinum broke out of its Head-and-Shoulders bottom on strong volume, a move which we had expected that marks the start of a bull market...Read More
Gold is the metalof kings, the ultimate money, an eternal store of value, an untarnishableembodiment of beauty. Gold is all those things. But it is not the most valuablemetal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold.Lately, platinum has traded at an abnormally large discount to the yellowmetal. Metals investorswho want to hold the most concentrated we...Read More
- Gold ETFs saw inflows in volatile October as investors again hedged risk- Gold ETFs see demand of 16.5 tonnes(t) in October to total of 2,346t, the equivalent of US$1B in inflows- Global gold demand was robust in Q3 - demand of 964.3 tonnes - plus 6.2t yoy- Strong central bank and store of value coin and bar demand offset the gold ETF outflows in Q3- Central bank gold reserves grew 148.4t i...Read More
(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reversed to a lossin the third quarter as production and gold prices fell, the company reportedlate Wednesday.Excluding special items, the company listed an adjusted netloss of $48.4 million,or 4 cents per share, a turnaround from adjusted net earnings of $84.1 million,or 7 cents, in the same period a year ago.The net losswas $104.4 million, or...Read More
Mr. David Wolfin reportsAVINO REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS Avino Silver & Gold Mines Ltd. has released the consolidated financial results for the company's third quarter ended Sept. 30, 2018. The financial statements and the Management Discussion and Analysis (MD&A) can be viewed on the Company's web site, on SEDAR and on EDGAR."During the third quarter of this year, the Co...Read More
Mr. Brett Heath reportsMETALLA CLOSES SANTA GERTRUDIS ROYALTY ACQUISITIONMetalla Royalty and Streaming Ltd. has closed its previously announced acquisition of a 2-per-cent net smelter return (NSR) royalty on the Santa Gertrudis gold property located north of Hermosillo in Sonora, Mexico, from GoGold Resources Inc. (as disclosed in a news release dated Sept. 5, 2018) for $12-million (U.S.).Brett He...Read More
Investorsand market participants seem unfazed while bidding the U.S. equities upsubstantially following the midterm elections which resulted in the DemocraticParty now controlling the House of Representatives. Although the Senate remainsfirmly in control by the Republicans, yesterday's election gave Democrats the needed majority to control the House ofRepresentatives.With one hour left in trading,...Read More
This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More
Stocks reacted as the Democrats took back control of the House of RepresentativesThe Dow ended more than 500 points higher today, as stocks reacted to U.S. midterm elections. Several sectors popped on favorable results, with UnitedHealth (UNH) leading insurers after three states voted to expand Medicaid programs, and many energy stocks gaining ground on a key vote in Colorado, even as oil prices f...Read More
Sarah N. LynchWASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions was fired on Wednesday after unrelenting criticism from President Donald Trump over his recusal from an investigation into Russia’s role in the 2016 presidential race.Sessions’ departure was widely expected to come soon after Tuesday’s congressional elections in which Republicans retained their majority in t...Read More
Consumer attitudes toward both buying and selling homes dropped, with the former falling the most of all the six survey components, a sizable 5 percentage points. It tied its second lowest reading in the survey's history.Fewer consumers now expect home prices to rise, echoing other surveys that have shown a drop in the number of people who think owning a home is currently a good investment.Fewer c...Read More
Options volume for both NBL and WES is ramped up todayEnergy stocks are enjoying sector tailwinds thanks to the midterm elections, after Colorado voters rejected a ballot initiative to impose tougher drilling measures. The bill would have called for greater distances between drilling projects and public spaces, which would have severely impacted oil and gas development. Two individual names moving...Read More
Three U.S. states voted to expand the healthcare program for low-income peopleThe stock market is soaring today as Wall Street digests the results of the U.S. midterm elections. Among individual names making big moves are insurance giant UnitedHealth Group Inc (NYSE:UNH), chipmaker Micron Technology, Inc. (NASDAQ:MU), and biopharmaceutical firm MiMedx Group Inc (NASDAQ:MDXG). Here's a quick look a...Read More
The buyout of Acacia Mining's minority shareholders by the new, larger Barrick Gold is one option, said Mark Bristow, CEO of Randgold Resources. Toronto-based Barrick, which owns about 64% of Acacia, and Randgold are merging in a $7.9 billion share deal that will see Barrick gain control over one of its fiercest competitors.Barrick shareholders have given a big thumbs up to the merger with Randgol...Read More
Toronto-based Barkerville Gold Mines has released the drilling results from the ongoing Cow Mountain program at its flagship Cariboo gold project near the town of Wells. The company says the results demonstrate the continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge.The results trace mineralized vein corridors at Cow Mountain extending the hig...Read More