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
Alio Gold Inc.(TSX, NYSE AMERICAN: ALO)says 2018 production at the San Francisco Mine in Mexico is forecast toincrease to between 90,000 and 100,000 ounces. All-in sustaining costs areprojected at between $1,000 and $1,100 per ounce, and capital and mine siteexploration spending is pegged at between $2.5 and $3 million “After aturnaround year in 2017, we are expecting the San Francisco Mine...Read More
* Graphic: World FX rates in 2017 By Saikat Chatterjee and Tommy WilkesLONDON, Jan 30 (Reuters) - The dollar reversed earlier gains and fell a quarter of a percent on Tuesday after U.S. yields pulled back from recent highs while the euro strengthened after economic data confirmed the euro zone economy is growing at a healthy clip.The greenback is set for its biggest monthly decline since July 2017...Read More
Markets are under pressure -- theequities, dollar, oil and gold are all struggling at these lofty levels.Equities are as overbought as they have been in history, based on the RSI. On aweekly and monthly basis, the RSI has never been higher. This is the firstmarket I can remember which only goes up and hasn't had two-way trade. Even thefamous bubbles of the 1990s and 2008 went up and down.Gold and...Read More
Mr. Walt Coles reportsSKEENA INTERSECTS 44.10 G/T GOLD OVER 1.50 METRES AT SNIPSkeena Resources Ltd. has released results from the final 12 holes of the 62-hole diamond drill program completed at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: 10.02 grams per tonne gold over 4.15 metres (UG17-049); 9.21 g/t Au over 5.88 m (UG17-050);44.10 g/...Read More
U.S. December Inflation-Adjusted Consumer Spending RisesU.S. consumer spending rose at a solid pace in December after an upwardly revised advance a month earlier as shoppers splurged during the holiday season. While incomes also rose, the saving rate fell to a fresh 12-year low.Purchases, which account for about 70 percent of the economy, climbed 0.4 percent after a revised 0.8 percent advance, Co...Read More
Ever wanted to know what $40 million in recovered gold looks like? Well now you will get your chance as the world's greatest lost treasure goes on display in California next month. From Feb. 22 to 24, gold recovered from the SS Central America, also known as the "Ship of Gold," will be on display during the Long Beach Coin, Currency, Stamp & Sports Collectible Expo, courtesy of the Californi...Read More
Stocks tumbled on Monday, Jan. 29, as bond yields spiked. The Dow Jones Industrial Average declined by 177 points, or 0.67%, to 26,439. The S&P 500 also declined by 0.67% and the Nasdaq slid 0.52%. Leading the Dow lower on Monday were Caterpillar Inc. (CAT) and Apple Inc. (AAPL) . Apple fell 2% following a report from Nikkei that said the tech giant was cutting iPhone X production...Read More
Gold RunAll That Glitters Is the Dollar's WeaknessThe metal's recent rise isn't about inflation rising or cryptocurrencies falling.By Marcus Ashworth@marcusashworthMore stories by Marcus AshworthRead More
Jack ChanPosted Jan 29, 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 recovered sharply from the lowest level in years.The is a massive bottoming pattern four years is the making, with prices now testing resistance....Read More
Euro, yen, franc drop versus greenback; Europe stocks struggleZinc surges with other base metals amid optimism over growthBloomberg's Mike McKee reports on the sixth round of Nafta talks.The Standard & Poor’s 500 Index declined by the most since September and yields on benchmark Treasuries touched the highest levels since early 2014 as traders gear up for a hectic week of data and polic...Read More
U.S. equity futures extended declines Monday, while bond yields leaped to multi-year highs as investors prepped for a hectic week of earnings and economic data as well as the final policy meeting of the Federal Reserve under outgoing chairwoman Janet Yellen. Wall Street futures suggest a softer start to the Monday trading session, with contacts tied to the Dow Jones Industrial Average marke...Read More
Global government bond markets continued to sell-off Monday, taking U.S. Treasury yields to the highest level in four years amid renewed bets on faster inflation in the world's biggest economy and hawkish comments on growth and inflation from central bank officials in Europe. The bond market moves have clipped early gains for stocks and raised the spectre of a correction in inflation assumptions...Read More
I started in the Treasury bond business in 1985 after a 10-year career in commercial banking. I retired as a senior officer of Citibank that year at a relatively young age and made the move to Wall Street.My firm was Greenwich Capital Markets, one of a select group of "primary dealers" allowed to transact directly with the Federal Reserve. Monetary policy is conducted through open-market operation...Read More
The old signposts can no longer be trusted, we noted in Friday's reckoning.Like Nazi saboteurs redirecting road signs during the Battle of the Bulge, the Fed sent investors off in the wrong direction...After the crash of 2008, interest rates would have soared.Marginal companies dependent on low interest rates and cheap credit would have gone the way of all flesh.The pain of bankruptcy would have b...Read More
In 2009, the financial world was in full meltdown.Ironically, weeks before the S&P 500 bottomed at 666, the genesis for one of the biggest current trends in tech and finance kicked off.It happened when the first block of bitcoin, called the genesis block, was issued by its elusive inventor Satoshi Nakamoto.Months earlier, Nakamoto wrote a paper describing how a new digital currency could be us...Read More
Your strongest beliefs are tearing your portfolio apart.You're biased. You like Apple iPhones, Nike sneakers, and Shake Shack burgers. In your world, the quality and value of these brands are unmatched by the competition. Of course, this also means their respective share prices can only go higher.When you're emotionally attached to a company, it's easy to excuse a bad quarter, a botched product la...Read More
I'm getting sick and tired of the fake news popping up just about everywhere.Personally, I feel manipulated every time I read a story on what's happening in Washington. It happens on both the left and the right sides of the spectrum.No one is reporting the actual political story. Instead, it seems like every journalist is writing with the express intent to sway me towards their opinion of what is...Read More
It is now an article of faith…Pre-2008 markets were far more sensitive to negative shocks than today's.Because of the Federal Reserve's massive interventions since the crisis... today's markets are not nearly so sensitive to shocks.But is it true?Our own James Altucher once ran a fascinating study...He ransacked market history from WWII through the seismic events of Sept. 11, 2001.His purpos...Read More
The economy has been trapped in a one-step-forward, two-steps-back cycle.It has been an economy of false starts... false dawns... and false promises.Third-quarter 2017 GDP expanded at a 3.2% annualized rate - its best quarter in two years.One step forward.A Bloomberg survey of economists predicted another 3% annualized expansion for last year's final quarter.Another step forward, that is.As recent...Read More