Joel Bowman: G'day, Doug. Where in the world are you these days?Doug Casey: I've crossed the Plate River from Buenos Aires, and am now in the backward, but pleasant, little socialist country of Uruguay.Continue...Read More
"Any guy that can do a body slam - he's my kind of guy," Trump said to the cheering crowd. "He's a great guy, tough cookie."Continue...Read More
James Pettit, CEO of Aben Resources, in conversation with Maurice Jackson of Proven and Probable, discusses his company's summer exploration in the Golden Triangle and how the company plans to keep the momentum going throughout the year.Maurice Jackson: Joining us today is James Pettit, the president, CEO and director of Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB). In our last interview, we discu...Read More
CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02% The Metals: G...Read More
“Policy would need to become modestly restrictive fora time.” This is the key quote from the recent FOMC minutes. This is not areason for gold’s joy.Fed IsBecoming More HawkishYesterday, the Fed released minutes from the recent FOMC meeting. Aseveryone knows, the Committee hiked interest rates by another25 basis points in September. But what about the future stance? Well, the min...Read More
CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02% The Metals: G...Read More
By Ira EpsteinWeekend squaring up leaves gold strong going into next week.https://www.iraepstein.com/ Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort189,200171,53371,278166,143198,139426,621440,950Change from Prior Reporting Period 9,454-46,3887,521-8,16649,6968,80910,829Traders17895885749279194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,79733,468474,418 356-1,6649,165 non reportable positionsChange from...Read More
The sentiment shift is still subtle, but it's both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive comments in the media and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part of this year but lately has ramped up its buying, with August imports more...Read More
By David Brady, CFAAfter falling from 1369 to 1167 in just four months, Gold is attempting to rally now, having risen to a high of 1237 recently. But as I shared in my previous article: "There is significant resistance ahead that could stall Gold's rally, most notably 1244, the 38.2% Fibonacci retracement of the entire drop from 1369 to 1167, and 1251 on a closing basis (1360-1184). If we close...Read More
The gold miners' stocks have been largely ignored and neglected for years. Speculators and investors wanted little to do with them for various reasons. But that apathetic sentiment is finally starting to shift thanks to last week's stock-market plunge. Capital is starting to return to this battered sector as traders begin to realize how radically undervalued it is. Sentiment mean reversi...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourages a healthy debate.People often whisper conspiratorially about the age-old U.S. practice of fixing the gold price at $42.22. "They're just trying to keep gold d...Read More
By Marin KatusaThe economy depended on the spending habits of baby boomers the last three decades.The success and failure of many companies depended on the spending habits of those same baby boomers.It was all about the baby boomers.But that is no longer the case.You must pay attention to the Millennial Generation (those born 1981-2000) right now. And here's why...The most recent U.S. Census ind...Read More
By Avi GilburtI know of no asset other than cryptocurrencies where traders of which adopt the lexicon of the broader trading community and then layer on their own slang. The chief word in the crypto trader's word bank is "HODL," which most interpret to mean "Hold On for Dear Life."The phrase, "I'm just HODLing" is often expressed as a badge of honor, as if holding on to a losing position due to...Read More
Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week including our special podcast on Direct Access Gold.From our perspective, the most important developments were the IMF's financial warnings and the escalation in central bank gold buying with Hungary increasing its gold reserves by a whopping 1,000% due to increasing "safety concerns."For...Read More
CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02% The Metals: G...Read More
We lower our head... and pause in silent memory…For the black crepe went up on Wall Street 31 years ago today - Oct. 19, 1987.The Dow Jones plummeted 22.6% that distant "Black Monday"… its largest one-day fall ever.A comparable blood-spilling today would plunge the index some 5,700 points.How likely is an encore?Answer shortly.Meantime, the ghosts of October 1987 have the stock market...Read More
My poor dad said he could not invest because he had no money. My rich dad said, "Invest your time when you have no money."Unfortunately, most people have no time to invest. Why? Because they think that working harder and longer will make them richer. Nothing could be further from the truth.Consider these facts:The average U.S. worker clocks in a little more than 1,800 hours per year at work-the hi...Read More
Calgary, Alberta (October 19, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Corporation") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announced today that, subject to regulatory approval, it has granted a total of 4,525,000 options to purchase common shares of the Corporation (the "Options") to directors, officers, employees and consultants of Prize. The options have an exercise price of $0....Read More
Why interest rates still matter with influential financial journalist and historian James Grant. James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes...Read More