Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
April 3 (Reuters) - The Perth Mint's sales of gold productsrose about 13 percent in March from a month earlier, whilemonth-on-month silver sales fell for second month in a row, themint said in a blog post on its website on Tuesday.Sales of gold coins and minted bars rose to 29,883 ounces inMarch from 26,473 ounces in February, the mint said. Gold sales climbed about 34 percent in March compared wi...Read More
BEIJING (Reuters) - China will take counter-measures of the “same proportion” and scale if the United States imposes further tariffs on Chinese goods, China’s ambassador to Washington said, amid growing fears of an impending trade war.Cui Tiankai made the comments ahead of what is expected to be the announcement this week of U.S. tariffs on $50 billion to $60 billion in Chinese i...Read More
On Monday, gold and silver bothhad nice rallies and the big question is: has gold found a new support level?The range since January in gold has been $1,300 to $1,365, and since the March21 rally, there appears to be a new support level at $1,330. In the last sevendays since breaking above $1,330, gold has held that level, narrowing the rangeand indicating there could be a breakout to the upside.We...Read More
Mr. Greg Smith reportsCALIBRE MINING ANNOUNCES THAT JOINT VENTURE PARTNER IAMGOLD HAS REPORTED AN INFERRED MINERAL RESOURCE ESTIMATE OF 812,000 GOLD EQUIVALENT OUNCES ON THE EASTERN BOROSI PROJECT, NICARAGUACalibre Mining Corp.'s joint venture partner Iamgold Corp. has released an initial and updated National Instrument 43-101-compliant inferred mineral resource estimate on the Eastern Borosi gold...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE DRILLS 42.67 METERS OF 0.82 G/T AU AT THE SNA DEPOSIT STERLING GOLD PROJECT, NYE COUNTY, NEVADANorthern Empire Resources Corp. has released drill results from the SNA deposit, within the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.STERLING DRILL RESULTSHole IDFrom (m)To (m) Interval (m)Au (g/t)SNA18-001C 57.76 72.4814.72...Read More
Mr. Nav Dhaliwal reportsBONTERRA EXTENDS GLADIATOR GOLD DEPOSIT FURTHER WESTWARD 17.8 G/T AU INTERSECTED OVER 3.0 METERSBonterra Resources Inc. has released the latest results from the continuing winter drilling campaign at the Gladiator gold deposit, including an intersection of 17.8 grams per tonne gold over 3.0 metres. High-grade intersections extend multiple zones westward, adding strike lengt...Read More
OZ Minerals (ASX:OZL) said Tuesday it had received approval from the South Australian government to go ahead with the next phase of development its A$916 million (roughly $704m) Carrapateena copper-gold project.The Mining Lease and Environmental Protection and Biodiversity Conservation Act (EPBC) allows Oz Minerals to start this month phase two of construction at the project, one of the largest...Read More
OZ Minerals (ASX:OZL) said Tuesday it had received approval from the South Australian government to go ahead with the next phase of development its A$916 million (roughly $704m) Carrapateena copper-gold project.The Mining Lease and Environmental Protection and Biodiversity Conservation Act (EPBC) allows Oz Minerals to start this month phase two of construction at the project, one of the largest...Read More
Randgold Resources (LON:RSS) said Tuesday an ongoing strike by its subcontractor's workforce at Tongon gold mine in the Ivory Coast, has started to hit operations.Tongon is expected to get back to full capacity with the assistance of the authorities, although it would be a challenge to recover the lost production.As a result, the Africa-focused gold producer is now not sure the operation will a...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 entered correction territory on Monday, down 10% from its all-time high, and traded lower for the sixth time in eight sessions.The Nasdaq on Monday also fell into correction territory as stocks in the technology sector slumped. The tech-heavy index turned negative for the year. It has fallen in 11 of the past 15 sessi...Read More
Avi GilburtElliottWaveTrader.netPosted Apr 2, 2018In Chris Powell’s recent response tomy article, he has again done what GATA does best – massage the facts to fit their narrative.So, while GATA admittedly will be unable to tell you where the market is heading next, they certainly know how to spin what people say to try to explain why they have no clue where the market is going.So, in t...Read More
Jack ChanPosted Apr 2, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation at a new low and yet prices are holding firm.This is a massive bottoming pattern four years in the making, with prices currently testing resistanc...Read More
Gold experiences wild swings amid a volatile macro backdrop.Speculators turned very bullish on gold over March 20-27, the CFTC shows.But ETF investors took some profit, FastMarkets' estimates show.Elevated trade war fears set to dominate the market in near term. This is dollar-negative.I have a long position in IAU, expecting a fresh 2018 high in Q2. Source: Pinterest. Introduction Welcome to my G...Read More
Apr 03, 2018 Guest(s): Will Rhind CEO, GraniteShares Gold's momentum is likely to continue, due to renewed volatility in the stock markets, said Will Rhind, CEO of GraniteShares. "I think that [stock market volatility] is one of the major catalysts that we've been waiting for in order to see gold prices increase beyond the trading range that we've been stuck in for the last couple of months," Rh...Read More
CloseGain/LossGold $1331.70-$10.20Silver$16.42-$0.18XAU81.22-0.96%HUI175.83-1.07%GDM613.88-0.81%JSE Gold1104.87-22.52USD90.22+0.21Euro122.66-0.49Yen93.84-0.67Oil+$0.50$63.5110-Year2.785%+0.044T-Bond145.78125-0.96875Dow24033.36+1.65%Nasdaq6941.28+1.04%S&P2614.45+1.26% The Metals: Gold fell $13 to $1328.90 in late morning New York trade before it nearly halved its drop by e...Read More
By Craig HemkeThere continue to be all sorts of purported analysts out there who insist that the price of gold is determined through physical supply and demand. These folks cling to the arcane notion that somehow fundamental factors are the key determinant of the daily price. Nothing could be further from the truth. Whether it's organizations like the World Gold Council, sell-side bullion bank s...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Graceland UpdatesBy Stewart Thomson 1. Will this Friday's US jobs report be the catalyst that sends gold above the key $1370 resistance zone and ushers in a new era of institutional enthusiasm for gold stocks?2. Please click here now. Double click to enlarge. The US stock market suffered yet another "cardiac arrest" moment yesterday. 3. Market breadth has thinned horri...Read More
Harry Dent wanted to provide Economy & Markets readers with a mid-day update on the markets. With the wild volatility we've been seeing recently, how do we make sense what's going on in the markets? Check out what Harry has to say...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates...Read More