By Avi GilburtOne of the main benefits of understanding Elliott Wave analysis is that it places the market into a larger degree objective context from which you can make your major decisions about your investments.While most analysis is either strongly bullish or strongly bearish for years on end (as I am sure many of you read perma-bears and perma-bulls alike), markets do not work like that. Th...Read More
Silver,silver, and silver – that’s all there seems to matter to the more short-termoriented investors. But, there’s so much more that’s going on than just therally in the white metal that just got invalidated! The dynamics in theprecious metals market extend well beyond the above and the signal that’scoming from silver – as important as it is for the short run &...Read More
(Bloomberg Gadfly) - The most drawn-out deal in the global mining industry looks set for another round.Freeport-McMoRan Inc. shares have fallen about 21 percent since they opened Monday, headed for their worst weekly performance in almost three years.The reason is a further wrinkle in the Indonesian government's attempt to lift its stake in the Grasberg mine on the island of New Guinea, one...Read More
SOFIA (Reuters) - The EU’s chief negotiator on Brexit said on Thursday the bloc’s existing system of market access for foreign financial firms can work well for Britain after it leaves the European Union.This would reduce the chances that Britain’s financial sector will get a bespoke deal.“Why would the equivalence system, which works well for the U.S. industry, not work fo...Read More
CloseGain/LossGold $1317.50-$5.60Silver$16.52-$0.04XAU82.52+0.07%HUI180.53-0.17%GDM630.18+0.33%JSE Gold1095.67+0.56USD91.59+0.39Euro121.06-0.68Yen91.60+0.07Oil$68.19+$0.1410-Year2.982%-0.044T-Bond142.46875+0.71875Dow24322.34+0.99%Nasdaq7118.68+1.64%S&P2666.94+1.04% The Metals: Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close,...Read More
CloseGain/LossGold $1317.50-$5.60Silver$16.52-$0.04XAU82.52+0.07%HUI180.53-0.17%GDM630.18+0.33%JSE Gold1095.67+0.56USD91.59+0.39Euro121.06-0.68Yen91.60+0.07Oil$68.19+$0.1410-Year2.982%-0.044T-Bond142.46875+0.71875Dow24322.34+0.99%Nasdaq7118.68+1.64%S&P2666.94+1.04% The Metals: Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close,...Read More
Technical analyst Clive Maund discusses the trend of earnings relative to stock market cycles. Decades ago, the famous market analyst Joseph Granville stated that "there is more maintained stupidity in this business than probably in any other business in the world," referring to the stock market. He was right, except that the government in Washington is now a strong contender for the title. Towar...Read More
Full Article/Video: Are We On The Verge Of A Silver Crunch?By: Johann WiebeSilver supply has not yet peaked, and the range-bound trading pattern is due to excessive supply above ground, not below it, according to Johann Wiebe, Lead Metals Analyst at Thomson Reuters.In an interview with Kitco News, Wiebe said that on the demand front, the biggest drivers last year have been industrial, specificall...Read More
TSX Venture Symbol: COR OTCQB Symbol: CAMZF Frankfurt Symbol: XC01VANCOUVER , April 26, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) is pleased to report results for the first diamond drill hole completed as part of the 2018 drill program on the Adriana Zone ("Adriana") at its Los Chapitos Project ("Chapitos"), located in southern Peru. Select drill highlight...Read More
NEW YORK, April 26 (Reuters) - Gold and diamond companies including Berkshire Hathaway Inc's Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said on Thursday.The joint initiative dubbed TrustChain aims to make it easier for consumers to track diamonds and precious metals through the various steps o...Read More
SEOUL (Reuters) - North Korea’s Kim Jong Un is set to cross the heavily militarized border on Friday for the first summit with South Korea in more than a decade, as the old foes seek to end their decades-long conflict and ease tensions over the North’s nuclear weapons program.The summit with South Korean President Moon Jae-in will set the stage for Kim to meet with U.S. President Donal...Read More
COLORADO SPRINGS, CO, April 26, 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 April 2018 payable on May 23, 2018 to shareholders of record as of May 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico a...Read More
Whatis Bitcoin?Is it just a payment system, money or investment asset? Nobody knows for sure –it generates enormous definition and classification problems. But it’sunderstandable, as Bitcoin in a new player in town. However, people also cannotagree on what gold really is. Let’s solve this problem once and for all. Itwill enable us later to adopt the right gold investing philosoph...Read More
Big companies report blow-out earnings. Home prices soar. North Korea promises to end its nuke program, possibly averting another Asian war.And stocks fall.Does this mean the news no longer matters? That's exactly what it means. But it never did matter. In a world this complex, big things both good and bad are always happening. So the events themselves are less important than our interpretation...Read More
"I want to believe the path you threw out for consideration in Andy's office - that there's no way [Trump] gets elected - but I'm afraid we can't take that risk," Continue...Read More
Source: Jack Chan for Streetwise Reports 04/26/2018 Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver remain in place. --> Our proprietary cycle indicator is up.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...Read More
MOSCOW, April 26 (Reuters) - Russia's Norilsk Nickel (Nornickel) has cut the 2018 production forecast for its new Bystrinsky copper project near the Chinese border due to a problem with equipment which it hopes to fix in the second quarter, it said on Thursday.Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, said its 2018 output forecast from its main assets was...Read More
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow on Thursday said he expected upcoming trade talks with China to be positive, adding that he would join U.S. Treasury Secretary Mnuchin's delegation to Beijing expected in coming days.Kudlow, in a CNBC interview, also said the Trump administration wants concessions from Europe over automobiles as it considers whether to grant the EU a...Read More
- Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold- Only short-term movements in gold are 'heavily influenced by US interest rates'- Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price- New findings will reassure gold investors that there...Read More
"The light is now green. Please cross the road quickly and mind your safety," "Please don't go through," and "You will be sprayed with water."Continue...Read More