(Kitco News) - Goldfutures fell hard Thursday on an apparent exodus by some of the "fast funds"that previously had been buying into the market, traders said.Asof 10:48 a.m. EDT, Comex August gold was $15 lower to $1,278.20 an ounce. JustTuesday, the contract had hit its highest level since mid-April, peaking at$1,298.80 an ounce, and a break of $1,300 had been seen as imminent.Acouple of New York...Read More
(Kitco News)- Thegold market has shown some resilience Thursday in the face of a weaker euroafter the European Central Bank removed its lower rates bias following amonetary policy meeting. However,gold has seen renewed weakness following the North American equity open.Inhis press conference following the central bank's monetary-policy decision thatleft interest rates unchanged, ECB President Mario...Read More
The EU regulation on mineral sourcing that comes into force today is a good but small first step. Additionally, due to its limited scope and delay in implementation, it will not be effective enough, says the GoodElectronics Network. The extraction and trade of minerals, including those that end up in our electronics, has been widely linked to serious human rights violations and environmental pol...Read More
"Massive demand" forgold exchange-traded funds lately reflects a surge in safe-haven buying of themetal, says Commerzbank. Global ETFs posted inflows of 14.6 tonnes Wednesday,the most in 11 months, analyst point out. Almost 10 tonnes were attributable tothe world's largest gold ETF, the SPDR Gold Trust. "Clearly investors areseeking to hedge against the numerous risks," Commerzbank says. These ris...Read More
(Kitco News)-Gold prices remain under pressure and relatively unchangedon the day as initial weekly U.S. jobless claims dropped by 10,000 a seasonallyadjusted 245,000 in the week to Saturday, the government said. This was lessthan consensus forecasts.Consensus expectations compiled by various news organizations called for initial claims to be around 241,000. The government revisedprior week's tall...Read More
Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal, has finalized the acquisition of a mining project in Nevada that abandoned in 2015 due to budgetary constraints.But since gold prices staged a comeback last year, the Toronto-based miner approached its former partner Coral Gold Resources (TSXV:CLH) to buy the Robertson Property, located 60 miles south of Elko, Lander...Read More
Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal, has finalized the acquisition of a mining project in Nevada that abandoned in 2015 due to budgetary constraints.But since gold prices staged a comeback last year, the Toronto-based miner approached its former partner Coral Gold Resources (TSXV:CLH) to buy the Robertson Property, located 60 miles south of Elko, Lander...Read More
Gold futures are trading lower early Thursday as investors awaited news that could determine the market's direction the rest of the session. During the previous session, the market was under pressure after nearly reaching a seven-month high during Tuesday's session.August Comex gold futures settled at $1289.50, down $8.00 or -0.62%.Although the market is still being underpinned by geopolitical con...Read More
Harmony's stock suffered earlier this year in a mine explosion, claiming the life of 25 people.GLD has appreciated 6.98% while Harmony has fallen 6.62% over the last three months.The PE is 4.25 and dividend yield almost 4%.Harmony Gold Mining (NYSE:HMY) is a South African based gold miner that has suffered with the death of 25 miners back in March. The stock has lagged the price of gold becaus...Read More
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 internati...Read More
"The Moss Mine Gold/Silver Project in Arizona is Scheduled for Production in Q4, 2017"June 8, 2017, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V:NEE, US-OTC: NHVCF) (the Company") is pleased to announce that the Company's wholly-owned subsidiary Golden Vertex Corp. has been advanced the second tranche, in the amount of US$5,000,000, under the senior secured credit facility with Sprott P...Read More
Dear Friend of GATA and Gold:Dave Kranzler of Investment Research Dynamics reports that a huge amount of "paper" gold was dumped on the gold futures exchange in New York today, apparently in connection with the congressional testimony of former FBI Director James Comey:http://investmentresearchdynamics.com/40-5-tonnes-of-paper-gold-dumped-in-4-minutes/Kranzler writes: "One/some/several 'entities...Read More
By: RambusThere is something happening in the commodities complex that has been going on for awhile now that needs to be addressed tonight. A subtle change actually started earlier this year and has been gaining momentum especially in the energy sector. I know for a lot of you, with the weak US dollar, you are thinking, "how could commodities be declining," which goes against everything you have...Read More
Gold Prices Steady On UK Election Risk; ECB and Geopolitical Riskby Reuters* Gold prices could see strong intraday volatility - analyst* UK election, Ex-FBI director testimony, ECB meeting set for later in the day* Downside for gold is "limited" (especially in sterling)Gold held steady on Thursday as investors awaited cues on market direction amid a number of geopolitical events later in the day...Read More
Gold Today -New York closed at $1,293.20 yesterday after closing at $1,293.80 Tuesday. London opened at $1,284.00 today. Overall the dollar was slightly stronger against global currencies, early today. Before London's opening: - The $: EUR was slightly stronger at $1.1232 after yesterday's $1.1254: EUR1.- The Dollar index was stronger at 96.89 after...Read More
UK elections, European central bank meeting and US economic data releases will all affect metals and energies sector. Volatility will be very high. I am against buying gold unless it breaks and trades over $1303. I am against buying silver unless it breaks and trades over $17.81. Crude oil see a big sell off only if it trades below $45.50 and more so in US session. Currencies will affect bulli...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More
"The system is determined to unseat Donald Trump."*The interview begins at 4:41David 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...Read More
It has never been more evident that the entire globalist system is falling apart. While James Comey hung himself in the public square on Thursday, it was again revealed that the "official" mainstream media narrative about the Russians hacking the US election is filled with more holes than Swiss cheese, and the strategy to use these overt LIES to destroy Trump has only served to destroy the mainstr...Read More
For Part 1 of this interview, CLICK HERE"There is a direct assault against the demand for gold and silver." Jim Willie says there's tremendous demand for precious metals because of suppressed prices. But some are experiencing restrictions to buying physical gold and silver, he says.Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and h...Read More