Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) said Tuesday its Fekola mine won't be affected by a new mining code the country's government is planning to draft as the asset is governed by a finalized and enforceable mining convention valid for the lifespan of the mine.The Vancouver-based company, which poured first gold at Fekola late last year, said media reports claiming Mali will move to imp...Read More
(Kitco News) - Gold prices are trading solidly down and hit a three-week low inlate-morning action Tuesday. Gold prices are sliding and have extended modestovernight losses as the U.S. dollar index is sharply higher and is trading atits session high. More technical selling is featured today as the gold marketis now in a near-term price downtrend on the daily charts. Aprilgold was lastdown $10.00 a...Read More
By Axel MerkWhen it comes to your investment portfolio, do you ignore the noise coming out of the White House? Do tariffs matter? Or would it be more prudent to chill and focus on other potential drivers of the markets? I have (somewhat cynically) noted that the less investors have been thinking, the better their investment performance must have been over the past decade. Could it be that our in...Read More
Technical analyst Jack Chan charts recent movements in the gold and silver markets.Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for tra...Read More
CloseGain/LossGold $1310.40-$6.40Silver$16.20-$0.13XAU78.13-0.68%HUI169.21-1.11%GDM594.85-0.78%JSE Gold1066.77+5.10USD90.41+0.54Euro122.46-0.92Yen94.08-0.15Oil$63.40+$1.3410-Year2.887%+0.035T-Bond144.8125-0.71875Dow24727.27+0.47%Nasdaq7364.30+0.27%S&P2716.94+0.15% The Metals: Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but i...Read More
Kylie Jenner, Rihanna, and now FB have weighed on the Snapchat parentIt's been a rough few weeks for the shares of Snapchat parent Snap Inc (NYSE:SNAP). On Feb. 22 -- just a couple weeks after SNAP gapped to an eight-month high after earnings -- the stock tumbled after reality TV star Kylie Jenner reacted to the mobile app's controversial new layout. Then, late last week, SNAP stock was smacked ag...Read More
Some flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand in the UAE was strong, sources told Metal Bulletin on Tuesday March 20. Some flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand in the UAE was strong, sources told Metal Bulletin on Tuesday March 20. UAE Hot-rolled coil was being offered to the UAE at $6...Read More
MOSCOW/LONDON, March 20 (Reuters) - Russia's largest gold producer Polyus said on Tuesday it planned to start selling antimony, targeting up to 15 percent of global output of the metal, and was considering boosting its free float in future.Its decision to start sales of the metal, used primarily to make fire retardants and batteries, coincides with rising prices of antimony, which is trading in Eu...Read More
- $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies - Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher- Massive government and consumer debt eroding benefits of wage growth (see chart)by BloombergRising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-la...Read More
BERLIN (Reuters) - Concerns about a global trade war dominated this week’s meeting of finance ministers from the G20 largest industrialised nations in Argentina, German Finance Minister Olaf Scholz told reporters traveling home with him.Scholz said a large majority of participants expressed concerns about a further escalation in the wake of planned U.S. tariffs on steel and aluminum, and und...Read More
Source: Jack Chan for Streetwise Reports 03/19/2018 Technical analyst Jack Chan charts recent movements in the gold and silver markets. -->Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term sign...Read More
The FOMC members will gather today for a two-day meeting. It will be the most important event this week, since Powell will chair the meeting for the first time. Gold investors want to get to know him better as the uncertainty makes them a bit nervous. What should we expect from the new Fed Chair? First FOMC meeting under Powell as ChairDo you remember your first bike ride? Or the first date &ndash...Read More
(Bloomberg) - Turns out, it may be easier to strike gold by growing green.Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup public, advisers suggested partnering with Newstrike Resources Inc., a Toronto-based firm that h...Read More
Sentiment is now completely disconnected from reality.Currently, sentiment suggests that stocks are in a raging bull market and will never fall. This sentiment is based on the fact that much of last year (2017) the US stock markets rose virtually non-stop.However, that era is now OVER. And globally the markets are moving into "risk-off" mode.Don't believe me?Consider that most global markets are i...Read More
ARNA and MRNS stocks are trading sharply higher todayThe Dow is set for a nice win today, thanks in part to rising oil prices. Three stocks making notable moves are drugmakers Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Marinus Pharmaceuticals Inc (NASDAQ:MRNS), and Proteostasis Therapeutics Inc (NASDAQ:PTI). Let's take a closer look at what's moving shares of ARNA, MRNS, and PTI.Trial Results Driv...Read More
The gold price is up just 1% year to date in 2018 and has advanced 5.5% from the December 2017 low. There are some bullish signs from the chart, including a number of higher highs and higher lows following the late 2015 bottom at $1,045. But it certainly hasn't been the powerful breakout the gold bugs have been hoping to see.The late 2017 spike above the resistance trend line was also bullish, but...Read More
A YouTuber has been convicted by a court in the UK for making a "grossly offensive" video in which he trained his dog to do a Nazi salute Continue...Read More
German government figures and steel companies are looking for a quick resolution to the concerns cerated by the impending United States import tariffs on European steel. "We have agreed that very intensive talks between the EU and [the US] are needed this week to avoid a trade conflict that could damage the vital interests of both sides," Peter Altmaier, Germany's economy minister, said on Monday...Read More
Dear Friend of GATA and Gold:Thanks to Keith Weiner of Monetary Metals for at least attempting a reply to your secretary/treasurer's recent commentary --http://gata.org/node/18105-- disputing his assertion that central banks don't care about gold and aren't manipulating its price. But in his new commentary, "Standing Ready to Lease Gold," posted at GoldSeek here --http://news.goldseek.com/GoldSe...Read More
BRUSSELS (Reuters) - Euro zone consumer confidence was unchanged in March, figures released on Tuesday showed.The European Commission said a flash estimate showed euro zone consumer morale was 0.1 points, the same as in February. Economists polled by Reuters had on average expected a figure of 0.0.In the European Union as a whole, sentiment was also unchanged, at -0.3 points.Uncertainty about poss...Read More