(Bloomberg) - Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world's major gold producers have cut way back on mining deals - even as metal prices posted their biggest rally since 2010.The value of the industry's transactions, from acquisitions to venture-capital financing, tumbled by more than a third in 2017 to $8.95 billion, the lowest in at le...Read More
Cost-cutting by Barrick, Newmont and Goldcorp pays off'So much less risk' for holders of debt versus equityHaul trucks drive along a haulage road next to an open pit at the Batu Hijau copper and gold mine operated by PT Newmont Nusa Tenggara in Sumbawa, West Nusa Tenggara province, Indonesia, on Wednesday, June 29, 2011. PT Newmont Nusa Tenggara is a unit of Newmont Mining Corp.Photographer: Dadan...Read More
Energy, materials shares lead market lower, Treasuries riseCiti's plans for tax windfall considered big win for investorsHickmore Says Financial Conditions Are Supportive of EquitiesU.S. stocks sank, retreating from all-time highs as commodities producers and industrial shares took a hit with oil and metals in decline. Treasuries rose amid Congressional talks to avert a government shutdown Fr...Read More
The Dow Jones Industrial Average traded above 26,000 for the first time on Tuesday, Jan. 16, and the S&P 500 crossed 2,800 as stocks pushed further into uncharted territory as investors extended bets on a strong corporate earnings season. The Dow gained 176 points, or 0.7%, to 25,984. It crossed 26,000 shortly after markets opened on Tuesday. The blue-chip index blasted t...Read More
Bitcoin prices continued to plunge Tuesday, falling to the lowest levels since early December and extending their bear-market decline to nearly 40% as regulators around the world line up to caution on cryptocurrency speculation. Bitcoin was marked around $2,000, or 17% lower from its Monday close in early trading on the Bitstamp exchange in Luxembourg, which feeds prices into the CME Group futur...Read More
When was the last time you bought your morning coffee using bitcoin? If you answered never, you're probably not alone. For that reason, said former Federal Reserve Gov. Randy Kroszner, bitcoin shouldn't be considered a crypto currency, but rather a crypto asset. "I think the best way to think about what are called cryptocurrencies is really to say it's crypto assets," Kroszner told TheStreet. "A...Read More
Looking to make the most of Dow 26,000? Jefferies has you covered. In a note Monday, Jan. 15, Jefferies analysts offered seven key small- to mid-cap themes for investors to bear in mind as 2018 continues its upward momentum. Analysts noted that many of the "winning formula" themes build from similar ideas held in 2017, which "worked well and have legs." The seven themes, detailed below, are "not...Read More
The key to bubble analysis is to look at what's causing the bubble. If you get the hidden dynamics right, your ability to collect huge profits or avoid losses is greatly improved.Based on data going back to the 1929 crash, this current bubble looks like a particular kind that can produce large, sudden losses for investors.The market right now is especially susceptible to a sharp correction, or wor...Read More
The Dow broached 24,000 on Nov. 14.It crested 25,000 on Jan. 4.Today… only 12 days later… the Dow briefly crossed 26,000.Is the "melt-up" truly at hand?If so, who - or what - is behind it?And how long can it last?Today we reveal startling new information... information our agents have only now brought to our awareness.But first a brief review...The "melt-up" phase is that period of del...Read More
Cryptocurrencies proved to be one of the biggest winners for investors and speculators in 2017.The daddy of them all, bitcoin, closed out the year near $14,000 - a gain of over 1200%.Bitcoin wasn't the biggest winner however. Ripple posted gains in excess of 30,000%!Cryptos can make people rich in a flash. It’s the reason for their appeal. But people need to know, there's also a dark side to...Read More
Barron's kicked off the short trading week with another head-scratcher:This retailer's stock has jumped 10% in 2018 - and there could be more to come.Retail stock? I doubt it. The article probably tells the story of a cutting-edge startup looking to challenge Amazon in the online retail space. Or a logistics firm helping shops streamline their inventory process using blockchain technology. An actu...Read More
Cost-cutting by Barrick, Newmont and Goldcorp pays off'So much less risk' for holders of debt versus equityHaul trucks drive along a haulage road next to an open pit at the Batu Hijau copper and gold mine operated by PT Newmont Nusa Tenggara in Sumbawa, West Nusa Tenggara province, Indonesia, on Wednesday, June 29, 2011. PT Newmont Nusa Tenggara is a unit of Newmont Mining Corp.Photographer: Dadan...Read More
CloseGain/LossGold $1329.00-$10.30Silver$17.02-$0.19XAU89.12-1.27%HUI200.07-2.11%GDM672.24-1.54%JSE Gold1313.51-3.20USD90.71+0.28Euro122.11-0.54Yen90.13-0.68Oil$63.97+$0.2410-Year2.572%+0.029T-Bond150.34375-0.46875Dow26115.65+1.25%Nasdaq7298.28+1.03%S&P2802.56+0.94% The Metals: Gold chopped between $1343.90 and $1332.90 in Asia and bounced back to $1338.90 in London before it fell to a new...Read More
By Dave KranzlerUsually I'm loathe to stick out price targets on the markets, especially gold and silver, because of the undeniable market invention of the Central Banks - market manipulation which is blatant to the point at which it is now denied only by card-carrying idiots.Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold was accompanied by a r...Read More
Gerald believes that the US has a major problem. The middle class is continuing its descent into oblivion. The big corporations don't care and are accelerating the trend through their unabashed greed. Gerald doesn't see an upside due in large part to the dumbing down of America. Until people are no longer willing to tolerate the situation, it will continue unabated. Gerald Celente is a pioneer tr...Read More
By Frank HolmesAt the beginning of every year, we update what's typically one of our most popular pages, the Periodic Table of Commodity Returns. I encourage you to explore 10 years' worth of data on basic materials such as aluminum, zinc and everything in between. A word of warning, though the interactive feature makes the table highly addictive. Please feel free to share it with friends and fa...Read More
Rick Rule joined us today and had some huge news. The wizards of Sprott have been working overtime to bring us a gold-backed/convertible crypto currency. Imagine taking your token and exchanging it for gold! The physical gold will be stored by the Royal Mint of Canada. As Rick likes to say, "Imagine your gold being protected by NATO." There's going to be a tremendous add-on market for ancillary se...Read More
By Jeff ClarkYou undoubtedly know that 2017 was a record-setting year for the broad stock markets. And while gold was up last year despite numerous headwinds, most mainstream investors aren't paying much attention to gold since they keep seeing so much green in their stock portfolios. Even I was taken back by some of the data from the bull market in stocks...The Dow hit a record high 71 times l...Read More
By Mike GleasonListen to the Podcast Audio: Click Here Here's What Arizona, Texas, North Carolina, Virginia, Idaho, Etc. Are Doing...In 2017, Arizona, Louisiana, Virginia, Texas, and North Carolina, and even Minnesota made progress on the sound money front. In 2018, other states could do so as well.36 states have already removed sales taxes from precious metals transactions, and bills being pus...Read More
Danielle DiMartino Booth, founder of Money Strong, LLC and advisor to Richard Fisher, and talks about how rising interest rates could impact the economy.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She...Read More