Gold stocks Articles

Gold At 3.5-Mo. Low Amid Bearish Charts, Firmer Dollar

Wednesday July 05, 2017 08:32 / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.(Kitco News) - Gold prices arenear steady in early U.S. trading Wednesday, after scoring a 3.5-month low inovernight action. The near-term price charts remain firmly technically bearishfor the yellow metal. Meantime, silver prices have slumped...Read More

GLOBAL MARKETS-Fed minutes in view, stocks shift higher

Wednesday July 05, 2017 8:30 AM / Kitco News

(Adds more comment, U.S. stock futures)* Asia recovers from wobble over North Korea* U.S. markets seen marginally higher after July 4 holiday* Eyes on Federal Reserve meeting minutes* European PMI data solid, China's softer* Graphic: World FX rates in 2017 By Patrick GrahamLONDON, July 5 (Reuters) - Stock markets rode out the latest rise in tensions around North Korea on Wednesday, with the main...Read More

Precious Metals At A Crossroad

Wednesday July 05, 2017 08:28 / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us. (Kitco News) - The metalsare at a short-term crossroad. The key driver will be the direction of thedollar. Today's release of the FOMC meeting minutes from June will bescrutinized to determine the Fed's hawkish resolve. Any wobbling on the Fe...Read More

CME Group Reports Record Metals Volume In 2Q

Wednesday July 05, 2017 08:23 / Kitco News

Exchange operatorCME Group reports that metals volume averaged a record 533,000 contracts perday in the second quarter, a 12% year-on-year gain. Highlights include an 8%rise in gold futures and options average daily volume to 296,000 contracts anda 28% gain for the same in silver to 108,000 contracts. Year-on-year growth forcopper futures and options was 15% to a daily average of 102,000 contracts...Read More

Gold faces upside test from higher yields - HSBC

Jul 05, 2017 07:38 / Sandeep Kanihama

Analysts at HSBC suggest that higher yields will constrain further gold gains and while the gold rally has recently come under pressure, they certainty do not believe it is reversed Key Quotes "The whipsaw action in the financial markets after ECB officials rushed to clarify Mr. Draghi's comments shows how sensitive monetary officials are to what they may view as overreactions in the financial mar...Read More

Tanzania suspends granting of new mining licences

Jul. 5, 2017, 6:58 AM / Cecilia Jamasmie

Tanzanian President John Magufuli has ordered the suspension of new mining licences until further notice, further complicating an already bitter dispute between the government and miners operating in the country.The decision, which includes freezing the renewal of expired permits, comes on the heels of the passing of two bills giving the country's the government the right to renegotiate or revoke...Read More

Gold Price Forecast July 5, 2017, Technical Analysis

2017-07-05T04:10:44 / Christopher Lewis

Gold markets have been volatile during the session on July 4, as the Americans were away at Independence Day holiday celebrations. The gold markets continue to look negative overall, as central banks around the world are trying to tighten. This of course works against the value of gold as the US dollar rallies, and I think that we are going to continue to see selling pressure every time we rally i...Read More

Economic chaos fuels gold mining rush in Africa's newest nation

Jul. 5, 2017, 2:30 AM / Bloomberg

After South Sudan's peace deal collapsed, gun battles rocked the capital and soldiers ransacked his clothing store, Ahmed al-Nur faced the economic crisis in a trade that's had an unexpected boost from the new wave of violence: gold.With inflation soaring and the currency collapsing, the precious metal that's mainly extracted by artisanal miners in Africa's newest nation is more highly prized than...Read More

Gold prices up in Asia ahead of U.S. holiday

July 05, 2017 / - Gold prices rose in Asia on Tuesday ahead of a public holiday in the U.S. with thin trading expected.Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose 0.41% to $1224.18 a troy ounce.Overnight, gold prices slumped lower on Monday, pressured by a sharp uptick in U.S. bond yields in the wake of upbeat manufacturing activity suggesting that...Read More

Global Markets Mixed; Geopolitics Moving Into Spotlight Again

July 5, 2017 / Jim Wyckoff

(Kitco News) - World stock markets were mixed overnight. U.S. stock indexes are pointed toward mixed openings when the New York day session begins. Many U.S. traders are just now returning from a long holiday weekend.Gold prices are trading near steady after hitting a nearly four-month low overnight. The bears have technical momentum as gold prices are in a four-week-old downtrend on the daily bar...Read More

Gold Seeker Closing Report: Gold and Silver End Mixed

Wednesday, 5 July2017 / Staff reporter

CloseGain/LossGold $1225.30+$5.00Silver$16.03-$0.11XAU79.87+1.08%HUI184.26+1.43%GDM604.40+0.55%JSE Gold1244.66+59.56USD96.27+0.07Euro113.45-0.20Yen88.33+0.12Oil$45.13-$1.9410-Year2.328%-0.020T-Bond153.375+0.28125Dow21478.17-0.01%Nasdaq6150.86+0.67%S&P2432.54+0.15% The Metals: Gold edged up to $1228.80 in Asia before it fell back to $1217.60 in London, but it then bounced back higher in New York...Read More

Enter The NatGas Cartel

Wednesday, 5 July2017 / Staff reporter

The King Dollar is mortally wounded. Many notice but the masses seem largely unaware. Since 1971, the Gold Standard has been removed from its anchor position. But since 1973, the Petro-Dollar has taken its place. It has called for crude oil sales led by the Saudis and OPEC to be transacted in USDollar terms, for oil surpluses to be stored in USTreasury Bonds, and for some kickbacks from the Saudi...Read More

Ira Epstein's Metals Video 7 5 2017

Wednesday, 5 July2017 / ira epstein

By Ira EpsteinGold rallies in front of G-20 Meeting this coming Friday with mild support being seen from North Korea's ICBM Missile Launch. Read More

How Commodities Performed in H1 2017, and Why They're Very Cheap

Wednesday, 5 July2017 / jeff desjardins

By Jeff DesjardinsIf you're looking for action, the commodities sector has traditionally been a good place to find it.With wild price swings, massive up-cycles, exciting resource discoveries, and extreme weather events all playing into things, there's usually never a dull day in the sector. That being said, it's hard to remember a more lackluster period for commodities than in the last couple of...Read More

Fine Gold versus F.I.N.E. Central Banks

Wednesday, 5 July2017 / gary christenson

By Gary ChristensonGold is one of nature's finest creations.On the other hand central banks create trillions of fiat currency units dollars, euros, yen, quataloos, whatever from nothing and use those currency units for purchases Apple stock, salaries for a thousand Ph.D. economists, office buildings, lobbyists, politicians, gold bullion etc.It is unfair that the Fed creates trillions of dollar...Read More

Blinded by the Money Illusion

Wednesday, 5 July2017 / michael j. kosares

Contrarians heading for the woods after Yellen's "not in our lifetimes" commentBy Michael J. Kosares"Would I say there will never, ever be another financial crisis? You know probably that would be going too far but I do think we're much safer and I hope that it will not be in our lifetimes and I don't believe it will be." Fed chair Janet Yellen With those words, Janet Yellen put investors around...Read More

Fed Officials Say More Hikes Are on The Way, Markets Disagree

Wednesday, 5 July2017 / clint siegner

By Clint SiegnerFederal Reserve Chairwoman Janet Yellen says she is planning more hikes in the Fed funds rate, but you wouldn't know it by watching the markets. So far the response in foreign exchange, bonds, and equities isn't what people expected.Markets have always been notorious for behaving unpredictably.But in an age when central bankers micromanage virtually all markets, the behavior could...Read More

Buy Gold Stocks Now

Wednesday, 5 July2017 / stewart thomson

Graceland Updates By Stewart Thomson 1. The latest gold price action is a near-perfect reflection of the current market fundamentals.2. Please click here now. Double-click to enlarge.3. Gold has arrived at my $1220 - $1200 conservative investor buy zone.4. The market is seasonally soft in the summer months, but two key price drivers are poised to create the next rally.5. The firs...Read More

Prepare For Asset Price Declines Of 50-75%

Wednesday, 5 July2017 / steve st. angelo, srsrocco report

By Steve St. Angelo, SRSrocco ReportWhat we have is a totally propped-up market based upon debt. Energy isn't producing positive growth, really. So instead of having real economic growth, we have inflated economic growth and inflated asset values.When growth starts to decline, I think we're going to see the valuations of assets decline considerably. It's anyone's guess how quickly they can fall,...Read More

Car Sales Have A Long Way To Fall

Wednesday, 5 July2017 / John Rubino

The past decade's historically low interest rates convinced millions of Americans to buy cars they could only afford with hyper-cheap credit. This made auto sales one of the drivers of the recovery, but it also left far too many people with underwater car mortgages that will limit their spending on other things and prevent them from buying their next car until sometime in the 2020s. Like all arti...Read More