Baidu stock is getting a boost from bullish analyst attention for iQiyiStocks are lower today, but paring their losses, as Wall Street reacts to President Trump's decision to withdraw from the Iran nuclear agreement. Meanwhile, camera manufacturer GoPro Inc (NASDAQ:GPRO), China-based Baidu Inc (NASDAQ:BIDU), and payments processor Square Inc (NYSE:SQ) are all moving higher today. Here's a closer...Read More
Today Thomson Reuters released the GFMS Gold Survey 2018, the 51st in the series of annual Surveys, looking at the shifts and developments in the global gold markets, their fundamentals and their drivers over the year and setting the scene for the future. As usual the prospect for higher price depends on risk hedging at the professional level while grass roots activity should support a higher base...Read More
Graceland Updates By Stewart Thomson 1. Please click here now. Double-click to enlarge this daily gold chart. Gold has traded in a drifting rectangle pattern for most of this year.2. Please click here now. Double-click to enlarge this important weekly gold chart. 3. The rectangle pattern on the daily chart is part of a huge weekly chart base pattern. That has been form...Read More
Despite misguided economic policies and risinggeopolitical tensions, the long market expansion has prevailed. But times maybe changing. With the Trump fiscal policies and rearmament, America is takingmore debt than in decades, even though its sovereign debt now exceeds $21.2trillion, or 106 percent of the GDP. As fiscal stimulus kicks in (read: Trump’stax cuts), the deficit will widen. The...Read More
Max interviews Michael Krieger about the failure of consumers to follow through with their threats to delete Facebook and what the future holds for social media addicts. They also begin a discussion about Krieger's latest series, The Road to 2025.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about financ...Read More
World focus is on Trump's Iran decision. My personal view is that the Nuclear deal with Iran will be cancelled. New trade sanctions will be imposed on Iran. Republican-Saudi nexus want crude oil prices to form a lower floor at $100. They want crude oil prices to rise to $100 as soon as possible. In order to achieve this motive, trade sanctions on Iran will have to be imposed on some pretext. Nat...Read More
GRPN could be due for another day of volatile post-earnings tradeOnline coupon concern Groupon Inc (NASDAQ:GRPN) is is slated to report its first-quarter results tomorrow morning as a busy week of earnings continues. On the charts, GRPN has pulled back about 17% from its late-November closing high to trade at $4.82, but appears to have recently reestablished support at its rising 50-day moving av...Read More
As all eyes are trained on British Columbia's Golden Triangle for this summer's drill season, a gold explorer prepares to begin a large-scale drill program. Drilling at Aben's Forrest Kerr ProjectBritish Columbia's Golden Triangle is home to huge mines like Eskay Creek, which was once the world's highest-grade gold mine and produced 3.3 million ounces of gold at an average grade of 45 g/t and 160...Read More
(Bloomberg) - AngloGold Ashanti Ltd. remains upbeat on its African assets even as new mining rules threaten profits at two of the company's key mines.The world's third-largest gold producer is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries, where AngloGold gets the bulk of its African metal from. Still, th...Read More
CloseGain/LossGold $1314.40+$0.10Silver$16.48+$0.01XAU82.67+0.82%HUI181.17+0.53%GDM632.64+0.06%JSE Gold1077.86-10.83USD93.10+0.33Euro118.65-0.58Yen91.69+0.10Oil$69.06-$1.6710-Year2.974%+0.024T-Bond143.25-0.3125Dow24360.21+0.01%Nasdaq7266.90+0.02%S&P2671.92-0.03% The Metals: Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it th...Read More
Artificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we are interested in buying, and by our tablets and computers to predict what we want to type (good). It facilitates targeting of voters to influence elections (bad, particularly if your side loses). P...Read More
Full Article: MGX Minerals Acquires Additional 10,000 Acres of Oil and Gas RightsMGX Minerals VANCOUVER, BRITISH COLUMBIA / May 8, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce it has acquired an additional 10,331.32 acres of Oil and Gas Leases ("Leases") located within the Company's unitized 80,380-acre Blueberry Unit ("Blueberry U...Read More
PNC and ALLY stocks, for example, are trading just above their 200-day moving averagesMany market watchers expected bank stocks to outperform in 2018 due to higher interest rates. But a quick glance at charts for some of the biggest financial names shows their shares near or below breakeven on a year-to-date basis. This weakness could prove to be a buying opportunity, however, especially if you di...Read More
JERUSALEM (Reuters) - Israel has instructed local authorities in the Israeli-held Golan Heights to “unlock and ready (bomb) shelters” after identifying what the military described as “irregular activity of Iranian forces in Syria”.The military statement further said that its defense systems had been deployed “and IDF (Israel Defence Force) troops are on high alert for...Read More
By Craig HemkeLast week, we discussed the likelihood of another Large Spec washout in COMEX gold and the impact this would have on price in the short term. Today, let's look at this in greater detail. If you missed last week's column, you should be sure to read it. It can be found here: https://www.sprottmoney.com/Blog/gold-going-on-sal... Ultimately, this is an issue of dollar strength. The pas...Read More
By Jordan Roy-Byrne CMT, MFTA Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it's due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No on...Read More
Shares in base metals producer Nevsun Resources (TSX, NYSEMKT:NSU) skyrocketed on Tuesday after the company's board unanimously rejected a Cdn$1.5-billion (about $1.2bn) unsolicited bid from fellow Canadian miners Lundin Mining and Euro Sun Mining.The suitors had disclosed late on Monday the takeover offer for Vancouver-based Nevsun, noting their disappointment for not having been able to reach a...Read More
Benjamin Netanyahu testifying to the U.S. congress that Saddam Hussein will pursue an arsenal of nuclear weapons.Read More
Full Article: Argentina Joins Venezuela In The Currency Crisis ClubBy: Dollar Collapse.comIn interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, "For a glimpse of America's future, take a look at Argentina, where they're eating cats and dogs because of hyperinflation ... wait, no, I mea...Read More