By David HaggithNo, the Trump tax breaks for major corporations are not going to bonuses and wage increases. Sure we've seen some token $1,000 bonuses go out to laborers with hyuge orchestrated fanfare. The stint of articles you saw all over the media earlier in the year about those bonuses originated from an organized PR campaign run by a conservative tax group, and have mostly now ended. Amer...Read More
COLORADO SPRINGS, CO., June 25, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for June 2018 payable on July 23, 2018 to shareholders of record as of July 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico...Read More
By Clint SiegnerThe sound money movement reemerged on the national political scene a decade ago. In 2008, the financial crisis brought in a fresh wave of U.S. gold and silver investors.Ron Paul and the Tea Party advocated for limiting government and ending the Federal Reserve system. Sound money advocates made real inroads in recruiting Americans to their cause based on evidence that the nation...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12June 25, 2018A lie told once remains a lie but a lie told a thousand times becomes the truth.If you repeat a lie often enough, people will believe it, and you will even come to believe it yourself. Joseph Goebbels, Nazi, Minister of Propaganda 1933-1945 When a country (USA) is...Read More
By PlungerFirst off, I would like to thank Rambus for allowing me the intellectual freedom to deliver to you the straight story as I see it. Our views are not always in sync but I will tell you he has not ever tried to spin my views. I understand I write here as a privilege and am presenting my honest opinion, with no ulterior motives. We just want to get these markets right and make money...Read More
By BullionStarhttps://www.bullionstar.com/Imagine a country in which banks hold virtually no cash at all. A country where if you walk into a bank branch, the clerk won't be able to help you make a deposit. A country where there's a good chance that if you grabbed a wad of cash and walked into an electronics store or a major nightclub, they wouldn't be able to assist you in buying a new computer,...Read More
By Keith WeinerLast week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let's illustrate with an example.The Fraudulent PromiseSuppose Eric works for wages. He is 50 years old. His house is paid off, he has no student loans, and owns his car outright. He has no debt (he is...Read More
The Chinese domestic ferro-silicon market has dropped further, in line with demand and increased production in northern China, while export prices have held despite weaker demand; meanwhile, the European market has been steady, and market sentiment suggests higher spot prices in the near term. Weaker fundamentals, higher supply in northern China drag down domestic prices Europe third-quarter...Read More
The European Commission (EC) needs to wait before making a decision in the safeguard case until trade flow changes become clear because, currently, there is no threat to the EU steel market from imports, Tommaso Sandrini, president of Italian steel distributors' association Assofermet told Metal Bulletin.The EC opened an investigation in late March, in an attempt to prevent steel shipments being r...Read More
CloseGain/LossGold $1265.80-$4.40Silver$16.35-$0.11XAU80.52-1.80%HUI174.14-1.58%GDM612.82-0.83%JSE Gold1061.17-5.41USD94.30-0.25Euro117.02+0.39Yen91.06-0.07Oil$68.08-$0.5010-Year2.875%-0.020T-Bond144.15625+0.1875Dow24252.80-1.33%Nasdaq7532.01-2.09%S&P2717.07-1.37% The Metals: Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New...Read More
Full Article: How Long Can This Last?By: Arkadiusz SieronYields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? And what does it ultimately mean for the gold market?Let's look at the chart below. As one can see, the U.S. long-term interest rates have been rising since September 2017. And they breached 3 percent in the second...Read More
Gold's (XAU/USD) technical recovery is gathering upside traction. The metal is attempting a break above the 100-hour moving average (MA). The hourly RSI is biased to the bulls, indicates the scope for further gains. Death cross confirmation - a contrarian study, also favors a corrective rally. Hourly chart Source: Netdania Current Price: $1,271 Daily High: $1,272 Daily Low: $1,268.67 Trend:...Read More
Unionized workers at Codelco's Chuquicamata, the world's largest open pit copper mine, have threatened strikes in protest against plans to develop underground mining there and ensuing layoffs.Chuquicamata general manager Mauricio Barazza informed workers last April that 1,700 people, 36% of the mine's workforce, would be asked to leave the company during the mine's transition to an underground pro...Read More
Nickel on the London Metal Exchange were down by more than 3% at the close of trading on Monday June 25 while other base metals prices also slumped. Nickel traded in an intraday range of $680 per tonne, eventually closing 3.6% by the end of trading below $15,000 per tonne.A sharp rise in the dollar index, which remains high, piled pressure on the base metals last week while added uncertainty about...Read More
• A goodish pickup in the USD demand prompts some fresh selling. • Trade war concerns/risk-off mood help limit further downside. Gold edged lower at the start of a new trading week, albeit has managed to recover early lost ground and is currently holding in the neutral territory around the $1270 region. A goodish pickup in the US Dollar demand was see...Read More
The latest news and price moves to start the Asian day on Tuesday June 26.Nickel prices fell by more than 3% at the close of trading on the London Metal Exchange on Monday June 25 while other base metals prices also slumped. Read more in our live futures report.Here are how prices looked at the close of trading:The London Metal Exchange will introduce three regional hot-rolled coil contracts...Read More
Gold mining stocks have been influenced by upgrades/downgrades related to some of the most important companies in the commodities sector.But this outlook neglects the positive impact that could be seen if a more risk-averse market environment leads to bull trends for the industry.GDX might be one of the best ways of benefiting from rising volatility levels if added market uncertainty is present in...Read More
The latest metal markets news and price moves to start the North American day on Monday June 25.Zinc prices on the London Metal Exchange fell 1.2% during morning trading on Monday June 25, hindered by tight spreads, a broadly strong dollar and escalating trade tensions between China and the United States.Here is how the LME base metals complex looked at 12:21pm London time:For...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday June 25.Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Monday, with the main movers being zinc and nickel, albeit in opposite directions, while the rest of the metals traded sideways.Nickel prices led on the upside with the metal finding s...Read More
Shares in Galantas Gold (TSX, LON:GAL) climbed on Monday in London after the company announced it has reached the main gold vein in development works underground at its Omagh gold mine in Northern Ireland.The main tunnel that Galantas has dug descends at a slope with a gradient of 1-in-7 from near the base of the former open pit, the company said.Galantas' Omagh is Northern Ireland's only produci...Read More