The Downside in Gold (XAU/USD) is being capped by 4-hour 100-MA. But the support could fall soon as bearish sentiment in the options market is strengthening. The 4-hour 100-MA has acted as a strong support in the last 12 hours or so, still, the yellow metal (XAU/USD) is finding it hard to regain poise. Meanwhile, XAU/USD one-month 25 delta risk reversals gauge fell to -0.40, the lowest level sin...Read More
To thrive in the mining industry's historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.)In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably in the face of a digital...Read More
U.S. President Donald Trump's decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials.Starting at 6 a.m. on Feb. 2 - the moment Trump's proclamation reducing the size of the Bears Ears and Grand Staircase-Escalante Natio...Read More
Mr. Mike Mutchler reportsAMARILLO ENGAGES WHITTLE CONSULTING FOR MARA ROSA GOLD PROJECT OPTIMISATION STUDYAmarillo Gold Corp. has engaged Whittle Consulting (WCPL) to conduct an enterprise optimization study for the company's flagship Mara Rosa gold project in Brazil.WCPL's technical experts plan to model the complete value chain of the Mara Rosa project. Its internal proprietary optimization tool...Read More
Home prices in 20 U.S. cities increased in November by the most in more than three years, underscoring a lingering scarcity of housing inventory, according to S&P CoreLogic Case-Shiller data released Tuesday.Highlights of Home Prices (November)20-city property values index increased 6.4% y/y (est. 6.3%), after climbing 6.3% y/yNational home-price gauge rose 6.2% y/ySeasonally adjusted 20-city...Read More
Stocks dropped sharply on Tuesday as the Dow Jones Industrial Average tumbled by 362 points. The Dow declined by 1.37% to 26,076. The S&P 500 was off 1.09% while the Nasdaq declined 0.86%. The Dow's losses were multiplied by sharp declines for stocks in the healthcare sector after Amazon Inc. (AMZN) , Berkshire Hathaway Inc. (BRK.A) and JPMorgan Chase & Co. (JPM) said the...Read More
Yield on U.S. 10-year note touches highest since April 2014Dollar fluctuates before Trump's State of Union addressVIX at Highest Level Since August as Stocks TumbleThe Dow Jones Industrial Average tumbled 362 points, helping to send U.S. stocks to the biggest two-day decline since May, while yields on benchmark government bonds touched April 2014 highs as caution crept into markets after one of th...Read More
U.S. equity futures plunged deeper into the red Tuesday, setting up investors for the biggest two-day decline since August as investors continued to retreat from record highs in global stocks amid concerns over valuations in the tech sector and a worrying rise in government bond yields. The Dow Jones Industrial Average is looking at its second consecutive triple-digit decline, according to futur...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
The stock market's been down these past couple of days, but the new year has basically been an extension of the run higher in U.S. equities.But what should you think about the recent correction in cryptocurrencies?Bitcoin, for example, is trading at around $10,000 this morning after peaking around $20,000 last month.This market moves awfully fast. But let's review what's been happening in the cryp...Read More
For the better part of the past two years, we've stuck to our bullish call on residential real estate.Our thesis was simple enough. The housing bust and ensuing financial crisis gutted the market and scared away buyers for years. When demand tanked, builders shifted their focus to multi-family units. Single-family home construction took a dive, supply tightened, and builders were slow to react onc...Read More
Gold is under pressure at the start of the week on a stronger dollar.Speculators lifted their net long positions in gold for a 6th straight week over Jan 16-23, the CFTC shows.ETF investors bought gold for a 2nd straight week, according to FastMarkets' estimates.I decided to change slightly my trading positioning due to the long-term nature of my positive gold view.I am now long IAU. Introduction...Read More
CloseGain/LossGold $1345.70+$8.90Silver$17.33+$0.22XAU87.66+1.27%HUI196.44+1.24%GDM663.10+1.04%JSE Gold1245.08+5.68USD89.10-0.13Euro124.13+0.16Yen91.70-0.27Oil$64.73+$0.2310-Year2.720%-0.004T-Bond147.78125+0.40625Dow26149.39+0.28%Nasdaq7411.48+0.12%S&P2823.81+0.05% The Metals: Gold gained $8.30 to $1345.10 by midmorning in New York before it dropped back to $1334.10 after this afternoon's...Read More
By Ira EpsteinGold holds key support at 18-Day Moving Average of Closes.https://www.iraepstein.com/ Read More
TOPICS IN THIS INTERVIEW:01:50 Is this Gold's big breakout?06:40 Bitcoin's dominance against speculative digital assets14:20 Money attracting talent and innovation17:15 Digital tokens for the stock market 2.020:10 Outlook for Bitcoin and the Blockchain spaceAndrew ("Andy") Hoffman, CFA joined Miles Franklin, one of America's oldest, largest bullion dealers, in October 2011 and serves as Marketing...Read More
By Dave KranzlerSometimes I wonder if the Fed is just toying with the financial media and economic analysts. The Fed's constant threat to raise rates and unwind its balance sheet seems to be taken seriously by most commentators. Even the few analysts I respect, like David Stockman, include the assumption the Fed will reduce its balance sheet by a few hundred billion per year.And yet, nearl...Read More
We come to a point in every boom where you know it's time to exit the merry-go-round. That's when people start saying this time is different. Looks like we're getting there now. Euphoria seems to be breaking out all over the place. But it can't and won't last. This time is going to be much much worse!Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Par...Read More
By Frank HolmesIt's been called a number of things: The sharing economy, or "shareconomy." Peer-to-peer economy. Collaborative consumption. What all of these terms have in common is the idea of decentralization and blockchain applications, including bitcoin and other cryptocurrencies, are just the latest in a trend toward this new economic paradigm.If it's unclear what decentralization means, co...Read More
How did President Trump do last night? Lots of appeal to emotion. Lots of people to point to in the balcony to illustrate his points. But what about the meat of the speech underneath the decoration? Infrastructure spending? More militarism and military spending? Nukes?Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight...Read More