When we left off last week, we portrayed an economy that was starting to run out of steam. It appears that there's a waive of retirees just waiting to overrun Social Security and Medicare. John believes that the government will simply inflate its way out of the mess and hope for the best. But will it work? And let's not forget the other silver tsunami, namely the shiny metal kind. It's been tradin...Read More

Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More

Spot demand for cobalt slowed in late April while availability of the material increased, leaving metal prices to move only slightly higher at the end of the month.Metal Bulletin's benchmark low-grade cobalt assessment closed the week at $43.70-44.45 per lb, in-warehouse, on Friday April 27, stable with the midweek assessment, and up from $43.55-44.45 per lb at the end of the previous week. Prices...Read More

Gabriel Gonzalez, an analyst with Echelon Wealth Partners, discussed one of this company's projects, relaying the latest permitting development and impressions from a site visit. In an April 24 research note, analyst Gabriel Gonzalez with Echelon Wealth Partners reported that First Mining Gold Corp. (FF:TSX) began the provincial environmental assessment and permitting process for its Springpole a...Read More

By Gary TanashianWith gold testing its 200 day moving average this morning I thought I'd reproduce the first part of the precious metals segment from week's Notes From the Rabbit Hole (NFTRH 497), including a daily chart of gold at the end showing the anticipated SMA 200 test.[edit] Steve Saville updates gold's 'true fundamentals' here. Notice at the end what is not considered fundamentally mate...Read More

Authored by Trey Reik, Senior Portfolio Manager, Sprott Asset Management USA, Inc.The turbulence which riled U.S. equities in early February spread to short-term credit markets during March. As the S&P 500 Index1 slumped towards ongoing retest of February lows, various measures of dollar funding stress surged to post-crisis highs. Most notably, the Libor-OIS spread exploded to 59 basis points by...Read More

A solid earnings reaction for MCD wasn't enough to lift the DJIU.S. stocks fell today, with the Dow giving up an early lead. A solid earnings showing from McDonald's (MCD) and a strong day from Apple (AAPL) weren't enough to keep the blue-chip index afloat, with Verizon (VZ) stock among the telecoms hit after an official merger announcement from Sprint (S) and T-Mobile (TMUS). In addition, traders...Read More

One of the three significant national providers of offgrid power to mines and energy operations in Australia has seen a massive surge in available projects in the past year or so, raising the prospect of new equity capital figuring in its pursuit of the growth it promised investors when it raised A$25 million and listed on the Australian Securities Exchange last May.Zenith directors Doug Walker (f...Read More

Former Dallas Fed advisor Danielle DiMartino Booth and Stifel Nicolaus chief economist Lindsey Piegza on how the economy is impacting the stock market and whether the Federal Reserve will raise interest rates.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consu...Read More

 CloseGain/LossGold $1314.70-$8.90Silver$16.31-$0.21XAU81.15-2.15%HUI178.47-1.96%GDM622.44-1.81%JSE Gold1104.60+8.93USD91.85+0.34Euro120.84-0.44Yen91.58-0.17Oil$68.47+$0.4710-Year2.935%-0.024T-Bond143.53125+0.34375Dow24163.15-0.61%Nasdaq7066.27-0.75%S&P2648.05-0.82%  The Metals: Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close a...Read More

TheUSD Index reversed in a quite clear way on Friday and gold rallied. It lookedlike a great bullish combination for the precious metals sector, but was itreally one? Gold moved higher on volume that was lowest since the beginning ofthe year and this means that Friday’s rally shouldn’t be taken at its facevalue, but instead it should be closely inspected. Moreover, silver just didwhat...Read More

Ralph Profiti, an Eight Capital analyst, reviewed this producer's Q1/18 financials and revised outlook. In an April 25 research note, analyst Ralph Profiti reported that Eight Capital lowered its price target on Freeport-McMoRan Inc. (FCX:NYSE) to $20 from $23 following its "slight miss" on Q1/18 results and reduction in both sales and production guidance for the next few years. The company's cur...Read More

Barrick Gold (TSX, NYSE:ABX) and NovaGold Resources' (TSX, NYSE-MKT: NG) proposed gold mine in Alaska has received a long-waited final environmental clearance, granted by the U.S. Army Corps of Engineers, the Canadian miners said Monday.The Dolin project, one of the world's largest, highest grade, known gold deposits, is expected to require a $6.7 billion investment from the two owners, which ar...Read More

For the first time since going public, Spotify Technology will report earnings this weekStreaming music providerSpotify Technology (NYSE:SPOT) continues to enjoy bullish attention from analysts. With the company scheduled to report earnings for the first time since going public after the close this Wednesday, May 2, J.P. Morgan Securities initiated coverage on SPOT stock with an "overweight" ratin...Read More

WASHINGTON (Reuters) - U.S. and Chinese officials will hold highly anticipated trade talks in China on Thursday and Friday, U.S. Treasury Secretary Steven Mnuchin told Fox Business Network, saying he was “cautiously optimistic” about the meeting.Mnuchin said in an interview that aired on Monday that American officials planned to raise intellectual property rights, joint technology and...Read More

Gold and silver will zoom if there is any indication that interest rates will not be hiked in June by the Federal Reserve. Trump trade wars with China and Europe will impact industrial metals more. The Korean peninsula peace will be bearish for gold. There can be profit taking in long US dollar positions before the FOMC meet and April's NFP. Fundamentally gold and silver are bearish as physical...Read More

Bob Moriarty of 321 Gold profiles a mining explorer that is switching gears. Niobium strips Photo credit: Mauro Cateb, flickrThere are hundreds of junior resource companies in Vancouver and Toronto that have had the devil's own time trying to get traction since the high water mark for the metals in 2011. I believe we had a major bottom in December/January of 2016 but many companies have yet to se...Read More

By Keith WeinerA reader asked us this week about the personal savings rate. Most people can sense that something is wrong if the rate is in a long-term falling trend, or if it falls too low (whatever level that may be). We argue that falling savings is part of the larger process of capital destruction. And unfortunately, one should expect falling savings rates when there is falling yield purchas...Read More

FIT users will soon be able to store data on Google's Cloud Healthcare APIThe Dow has erased its triple-digit lead, as sector headwinds for Verizon (VZ) offset a positive earnings reaction for McDonald's (MCD). The blue-chip index isn't the only one seeing volatile trading today, with Dow stock Walt Disney Co (NYSE:DIS), wearable technology maker Fitbit Inc (NYSE:FIT), and biotech Celgene Corporat...Read More

It was music to gold bug ears. We’ve all heard the seemingly shocking or outrageous price targets for Gold. So it’s not new.But this time from a non gold pusher. Someone with credibility in the larger financial world and a track record to boot. Gundlach’s comment was included in every piece of Gold literature that recently crossed my desk. No doubt, if Gold starts breaking to the...Read More