Anglo American (LON:AAL), the world's fifth largest diversified miner, has appointed Stuart Chambers to succeed Sir John Parker as chairman of the group.Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.Stuart Chambers is known for his active participation in the sale of several UK companies, includi...Read More
Allegations made against Trump Administration representatives and the firing of Jim Comey have raised risk to the U.S. dollar and securities.Thus, the SPDR Gold Trust should continue to enjoy strong support this week at least into the key testimony of Comey.What happens immediately after the testimony depends greatly on the testimony itself, and a sell-the-news event is very possible for the GLD l...Read More
(Kitco News) - World stock markets were mostly steady to firmer overnight. U.S. stock indexes are also pointed toward slightly higher openings when the New York day session begins.Gold prices are moderately lower in pre-U.S.-session trading, on a downside correction after good gains on Tuesday pushed prices to a seven-week high.Terror attacks in Iran Wednesday, including on its parliament, have n...Read More
By: Rudi Fronk and Jim Anthony Rudi Fronk and Jim Anthony, the cofounders of Seabridge Gold, discuss the significance of gold breaching its downward sloping trend line.Today, gold broke a nearly six year-long downward sloping trend line that goes back to its all-time high of $1921 in August of 2011. Gold has not managed to cross above this trend line, currently at around $1280, since then, alth...Read More
By Craig HemkeIn what should come as no surprise to anyone around here, The Banks are once again creating as much paper metal as necessary to stall an advance in price. Already twice this year we've seen this happen in Comex Digital Silver and now The Banks are working their alchemic magic in Comex Digital Gold, too.Frankly, I'm not even sure why I'm taking the time to write about this. You kno...Read More
By: Arkadiusz Sieron In the previous edition of the Market Overview we wrote that "geopolitical risks clearly won with a hawkish Fed in a tug of war in the gold market" at the turn of March and April, as the yellow metal gained about 7 percent from mid-March to mid-April. However, the price of gold declined about 4.8 percent until May 9 when it started its rebound. As the chart below shows, at...Read More
By Frank HolmesWith the U.S. dollar taking another hit last Friday on a weaker-than-expected jobs report, gold closed up 1.12 percent for the day today. A Bloomberg gauge of 72 junior miners, however, has lost 15 percent since the end of January, and the rebalance of the VanEck Vectors Junior Gold Miner ETF (GDXJ), which I previously wrote about, is also having a depressing effect on many gold n...Read More
Tuesday's feisty rally exceeded the 1296.40 rally target we'd been using by a relatively modest $2.40, but because the pattern associated with the target is so clear, even as small an overshoot as occurred will have bullish implications going forward. Accordingly, I'll suggest using the pattern shown (see inset), with a 1314.50 target that should be familiar to you. It is a logical minimum upsid...Read More
- Gold prices break 6 year down trend on safe haven demand (see charts)- Chinese gold demand set to surge 50% to 1,000 metric tonnes- Chinese demand for gold bars on track to surge more than 60 percent in 2017- Geopolitical risk internationally leading to safe haven demand- UK election, terrorism and rising tensions in Middle East supporting gold after attacks in London and attacks in Iran toda...Read More
Gold Today -New York closed at $1,293.80 yesterday after closing at $1,279.60 Monday. London opened at $1,292.65 today. Overall the dollar was slightly weaker against global currencies, early today. Before London's opening: - The $: EUR was slightly weaker at $1.1254 after yesterday's $1.1246: EUR1.- The Dollar index was slightly weaker at 96.68 afte...Read More
It seems all terror attacks in democratic nations happen before an election. I rarely find any terrorist attack after an election. I am confident that once UK and German elections are over, Europe will not see terror attacks for quite a long time. In Europe or the UK all terrorists were known to the law enforcement agencies and still they slept. It is very easy to radicalize anyone these days. G...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
Topics:Yesterday's must read article, "2017 - the Year of Monetary Revolution, Revisited"Precious Metals breaking above 200 week and 5 1/2 year downtrend lines; Bitcoin/Crypto surgingInterest rates, commodity prices, dollar index, economic data plunging - as the Fed prepares to potentially shock the world with dovishness next weekDotcom valuations in a Great Depression EraThe end of OPEC?Andrew...Read More
Jim Willie says cryptocurrency technology will replace the dollar...Willie sees gold-backed cryptocurrencies to be released. At that time, you can say goodbye to the U.S. dollar and U.S. Treasury bondsJim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial edito...Read More
Join my Steemit movement! Click here: https:[email protected]My newest Stock Picks. Click here: https://traderschoice.net/The-Equity-...Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global econom...Read More
The United States government has made it their mission to take down Iran, the Middle East country they believe is most responsible for terrorism and turmoil. Meanwhile, Gerald Celente and the Trends Research Institute have just released their newest Trends Journal, which includes dozen of forecasts spanning topics such as investment opportunities, technology and aging.Gerald Celente is a pioneer t...Read More
Until very recently, consensus opinion has viewed electric cars as at best a niche market and at worst a passing fad.That's changing as production and sales take off:Continue...Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More
Despite a drop in late trading, gold prices managed to rally to seven-month highs Tuesday, trading near that key $1,300 level. The mining stocks, on the other hand, seem Continue...Read More