As a general rule, the mostsuccessful man in life is the man who has the best informationWhat the heck is going on with gold? The past few weeks have seenglobal equities falling amid a broad selloff in tech stocks, but thetraditional safe haven metal has barely budged, floating along in a fairlytight range of between around $1320 and $1330 an ounce with the exception of aspike to $1354 on March 26...Read More
Mike Gleason: It is my privilege now to welcome in our good friend David Morgan of The Morgan Reports. David it's always a real pleasure to have you on and welcome back, how are you sir?David Morgan: Mike I'm doing well, thank you very much for having me on the show.Mike Gleason: Well David we've seen a tremendously tight trading range in the metals markets over the last several months, especially...Read More
(Kitco News) - There is a level gold can reach that would hurt the stock market, according to Piper Jaffray. And that level is not even much higher than the precious metal’s current trading range.The next gold rally could weigh on the markets, chief market technician at Piper Jaffray Craig Johnson told CNBC on Friday.“You've got to get a break above $1,365 specifically to really sugges...Read More
(Kitco News) - The U.S.-China trade spat will not escalate into a trade war this year, said ABN Amro, adding that gold will suffer as a result.The key driver for the yellow metal in 2018 has been the U.S. dollar, which is expected to rebound in the coming months as trade tensions ease, ABM Amro’s senior precious metals and diamond analyst Georgette Boele wrote in a report published on Monday...Read More
CloseGain/LossGold $1337.30+$4.30Silver$16.50+$0.14XAU81.05-0.60%HUI175.74-1.04%GDM613.89-0.36%JSE Gold1111.01-7.05USD89.84-0.26Euro123.21+0.38Yen93.71+0.10Oil$63.42+$1.3610-Year2.780%+0.003T-Bond146.09375+0.0625Dow23979.10+0.19%Nasdaq6950.34+0.51%S&P2613.16+0.33% The Metals: Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late sessio...Read More
- Gold outperforming stocks in 2018 and this century (see chart)- Gold up close to 2% in 2018 while S&P 500 is down 2%- Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish- Given gold's performance, Kudlow's dismissal of gold as "end of the world insurance" is "irrational"- Market volatility could drive gold to $1,500/oz in 2018 - HolmesEditor: Mark O'ByrneAuthored by Fr...Read More
The disappointing thing was that gold and silver were not able to rise after the release of disappointing US March nonfarm numbers. The perception of traders it seems that cyclical factors such as early Easters has resulted in the fall in March jobs numbers and that the US economy will continue to hire over 200,000 jobs from April onwards. The threshold point for US nonfarm payrolls is 160,000....Read More
Warren Strobel, John WalcottWASHINGTON (Reuters) - The Federal Bureau of Investigation on Monday raided the offices and home of U.S. President Donald Trump’s personal lawyer Michael Cohen, law enforcement sources said, in a dramatic new development in a series of probes involving close Trump associates.Cohen’s lawyer, Stephen M. Ryan, said that U.S. prosecutors conducted a search that...Read More
SEOUL (Reuters) - North Korean leader Kim Jong Un chaired a party meeting on Monday where he analyzed the future outcome of dialogue with the United States and development of inter-Korean relations ahead of a summit with South Korea on April 27, the North’s state media said on Tuesday.In North Korea’s first mention of official dialogue with United States and the summit with Seoul, the...Read More
This weekend Trump and his administration sought to temper fears of an all-out trade war between two superpowers.On Sunday the president tweeted, “President Xi and I will always be friends, no matter what happens with our dispute on trade. China will take down its Trade Barriers because it is the right thing to do. Taxes will become Reciprocal & a deal will be made on Intellectual Proper...Read More
Gold will increase until late April.Silver will increase until late April.Will the miners follow the precious metals higher?How to watch for a breakout or consolidation?Will a flash crash propel gold to new highs?Preamble: Gold is slowly rising and making equal highs and higher lows. The market does not seem to care about the metal at the present time due to poor performance. We believe an inflect...Read More
Xi, Trump ratchet down heated rhetoric on tariffs, tradeOil and gold gain, havens including Treasuries and yen retreatEquities are "still reasonably attractive as an asset class," says Goldman Sachs's Sharon Bell.Stocks surged after conciliatory comments from U.S. President Donald Trump and Chinese President Xi Jinping aimed at releasing some pressure from the trade tensions between the world ...Read More
Fading concern over potential escalation in the trade stand-off between China and the United States sparked a recovery in cyclical assets Gold retreated on Monday, erasing the previous session's slim gains as fading concern over potential escalation in the trade stand-off between China and the United States sparked a recovery in cyclical assets such as stocks at bullion's expense.Gold rose half a...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) issued a press release today stating that its mining operations in Russia continue to function according to plan and remain unaffected by the new sanctions announced by the United States on April 6, 2018.Last Friday, the U.S. Treasury Department imposed sanctions on seven Russian oligarchs including metal magnate Oleg Deripaska, as well as 12 companie...Read More
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds...Read More
Since the year 2000, "the price of bullion has outperformed the S&P two-to-one," says Frank Holmes of U.S. Global Investors.Making the case for investing in gold from CNBC.Read more by MarketSlant EditorRead More
April 9 (Reuters) - The Chicago Board Options Exchange published the top ten active equity options on Monday. The following are the most active calls and puts as of 04:30 p.m. EDT (2030 GMT):CBOE TOP TEN MOST ACTIVE CALLS - Equity OptionsRanking SymbolExpiry Date Strike PriceSeries Volume Last Sale Price Net Change------------------------------------------------------------------------------------...Read More
The Dow was up well over 400 points at its intraday peakDiminishedtrade-war tensions and a surge from the healthcare and tech sectors sent stocks higher for the day, and the Dow up more than 440 points at its intraday peak. Pharmaceutical concern Merck & Co (MRK) took the cake for top performing blue-chip, after positive data from its Keytruda drug trial. Friday's sell-off was quickly forgotten...Read More
Colombia-focused Gran Colombia Gold (TSX:GCM) announced today that gold production for the first quarter of 2018 reached 52,672 ounces, a growth of 35 per cent when compared to the same quarter of 2017."This brings the Company's trailing 12-months' total gold production to 187,485 ounces, up 8% from 2017's annual production of 173,821 ounces and within the Company's production guidance for 2018 of...Read More
(Kitco News) - Stocks were higher Monday as White House Economic Advisor,Larry Kudlow continued to soften the White House’s tone regarding traderelations, noting the intention is not to enter a trade war.When pressed on the free trade topic, tech billionaire MarkCuban said the tariff talks are just another example of taming Trump. “I’ll tell you what this reminds me of: there are...Read More