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
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam were stable over the past week amid limited trading activity.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $590-605 per tonne cfr for the week ended Monday April 30, stable from a week earlier.Market sentiment was...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
In this interview, Maurice Jackson of Proven and Probable discusses AbraPlata Resource Corp. and plans for advance its flagship project in Argentina with company President and CEO Willem Fuchter. Maurice Jackson: AbraPlata Resource Corp. (ABRA.TSX.V) is focused on unlocking value in Argentina. Willem, let's discuss the latest press release entitled, "AbraPlata Files Diablillos Silver-Gold Project...Read More
The U.S. dollar has been on the rise in April - could it be breaking out? Mike Matousek, head trader at U.S. Global Investors, explains the dollar's recent positive price action and how investors might participate. He also explains how the dollar and gold have historically had an inverse relationship, with one generally rising when the other slumps.For Mike's full explanation, watch the video belo...Read More
By Avi GilburtAs the market continues to whipsaw market participants, it has certainly left many of you scratching your head.As each day goes by, it offers me another opportunity to chuckle when I see so many attempts by pundits to try to explain what latest news events cause each whipsaw. And when they try to fit their square pegs into round holes, or, when they don't have any pegs at all when...Read More
The most bullish six months of the year for stocks is winding to a closeThe following is a reprint of the market commentary from the May 2018 edition of The Option Advisor, published on April 27. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.You'll perhaps find it sobering to realize that we're currently at the ta...Read More
Full Article: The Metals Manipulators Are Being ManipulatedBy: Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur i...Read More
"Today, I'm here to tell you one thing: Iran lied.""That's like five Hiroshima bombs to be put on ballistic missiles," Netanyahu said.Continue...Read More
Over and over again, the following statement or something similar continues to find its way into commentary about gold:“…prospects of higher US interest rates have the ability to limit upside gains. It must be kept in mind that Gold is a zero-yielding asset that tends to lose its allure in a high-interest rate environment” A variation of that statement:“Because gold...Read More
COLORADO SPRINGS, CO, April 30, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its 2018 first quarter earnings conference call scheduled for Wednesday, May 2, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned...Read More
The USD Index reversed in a quite clear way on Friday and gold rallied. It looked like a great bullish combination for the precious metals sector, but was it really one? Gold moved higher on volume that was the lowest since the beginning of the year and this means that Friday's rally shouldn't be taken at its face value, but instead it should be closely inspected. Moreover, silver just did what...Read More
VANCOUVER (Reuters) - Prime Minister Justin Trudeau on Monday said any move by the United States to impose tariffs on Canadian steel and aluminum would be a “very bad idea” guaranteed to disrupt trade between the two nations.Trudeau told reporters in Vancouver he was confident the administration of President Donald Trump understood that such tariffs would hurt jobs in the United States...Read More
The final week of April was outstanding for the cryptocurrency market, with Bitcoin increasing in value after a sharp decline over the past few months. There have been a number of positive developments - from Nasdaq CEO endorsing cryptocurrencies to the exponential increase in the sales of Ripple XRP currency. Here is a recap of all the noteworthy developments in the cryptocurrency industry from l...Read More
Why the stage looks set for GE to barrel through overhead resistanceNotorious Dow underdog General Electric (NYSE:GE) shocked Wall Street with a profit beat last Friday, alongside a 2018 forecast that assuaged some of the worst-case concerns harbored by investors and analysts alike. Friday's big bull gap included, GE closed last week up 7.8%, while the broader Dow Jones Industrial Average (DJI) wa...Read More
By Clint SiegnerGold and silver have risen substantially off the price bottom put in just 2- 1/2 years ago, but the gains have yet to attract much notice. Gold has gained roughly 28% and silver is up 20%.Meanwhile, another metal has more than doubled since bottoming. This performance should have been more than enough to catch the attention of metals investors, if only they were watching. The me...Read More
"We have not seen anything like this since the Presidency of John F. Kennedy (JFK), when CIA Director Allen Dulles attacked him, and we saw what happened there. There is crystal clear evidence that the CIA was, at least, involved with the cover-up of the JFK assassination. Now, we have the same thing happening again."Read More
In this article, we are going to explain and show you an interesting pattern that has been slowly forming over the past year in the precious metals sector. This pattern along with our analysis point to a significant rally to start in the next 4 months for gold, silver, platinum, palladium, and miners.Before we get into the details, below, it is important for every trader to step back and look at t...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12April 30, 2018 It's one of the fundamental principles of the stock market: when interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies with their sky-high price-to-earnings multiples should be among the biggest losers in an...Read More
TEL AVIV (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Monday that Iran had lied about not pursuing nuclear weapons and had continued to preserve and expand its nuclear weapons knowledge after signing a 2015 deal with global powers.“Iran’s leaders repeatedly deny ever pursuing nuclear weapons,” said Netanyahu. “Tonight I’m here to tell you one thing: I...Read More