Bosera Gold lures over $500 million this year, most on recordInflows help push bullion holdings in ETFs to five-year highAll the talk of a brewing global trade war may turn out to be more bark than bite, but investors in Chinese exchange-traded funds aren’t taking any chances.China’s Bosera Gold ETF has attracted $553.8 million so far this year, putting it on course for the biggest a...Read More
"I hate gold. Gold is a religion...I do not see it as an alternative to currency."Mark Cuban is an American business magnate, investor and philanthropist. He is the owner of the National Basketball Association's Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and the chairman of the HDTV cable network AXS TV. He is also a "shark" investor on the television series Shark Tank. In 2011 Cu...Read More
OVERLAND PARK, Kansas (Reuters) - U.S. Senator for Kansas Jerry Moran said he assumes the Trump Administration would try to use U.S. farm bill legislation, which helps farmers withstand economic slumps, to shield the sector in a growing U.S.-China trade dispute.Moran, speaking on the sidelines at a commodity conference in Kansas on Friday, said he would support help for farmers, even though taxpay...Read More
During a legislative forum organized by the Dominican Republic's Lower Chamber in the city of Cotu?-, which is located in the central province of S??nchez Ram?-rez, residents, community members and activist groups said that the federal government should transfer the province 5 per cent of the royalties it receives from Barrick Gold and that MPs should push for this to happen.Barrick (NYSE, TSX:ABX...Read More
Real estate tends to ride an emotional rollercoaster, as anyone who made it through the 2000s can attest. But in some ways the current market is even stranger than those of past cycles. Consider: Home buying market so brutal, some home buyers make offer sight unseen(CNBC) - This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purch...Read More
Click here for the full transcript: http://financialrepressionauthority.c...Peter Boockvar is the Chief Market Analyst with The Lindsey Group, a macro economic and market research firm founded by Larry Lindsey. He is also the Co-Chief Investment Officer for Bookmark Advisors, an asset management firm and a member of Advisory Services Network, LLC. Prior to joining The Lindsey Group, Peter spent a...Read More
Base metals prices on the London Metal Exchange are for the most part weaker this morning, Friday April 6, following further announcements from the White House of increased tariffs against China. The main movers are nickel (-1.2%), copper (-0.9%) at $6,755 per tonne, lead (-0.7%) and zinc (-0.5%), while tin and aluminium are little changed.Volume remains light with 2,931 lots traded as of 07.31 am...Read More
Technical analyst Clive Maund looks at a gold royalty company that he believes will take off when the gold bull market gets underway.Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) has three big and important things going for it. It is cheap, under accumulation and gold will soon enter a bull market. Because it is a royalty company it should perform royally when the imminent gold bull market gets unde...Read More
ROME (Reuters) - Italy’s three main rightist parties said on Friday they will go together to see the president in government talks next week, showing a united front in the face of moves to divide them in coalition negotiations.Following last month’s inconclusive election, President Sergio Mattarella wrapped up an initial round of consultations on Thursday and promised to meet party lea...Read More
(Bloomberg) - All the talk of a brewing global trade war may turn out to be more bark than bite, but investors in Chinese exchange-traded funds aren't taking any chances.China's Bosera Gold ETF has attracted $553.8 million so far this year, putting it on course for the biggest annual inflow since it was listed in Shenzhen in 2014. Investors are piling into bullion, taking holdings in all such fun...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:MGVAUDDescriptionMusgrave Minerals are a junior, project generator looking for goldLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial04/05/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$13.54M$14.42M04/05/2018$0.88MTotal Assets:$9.60M$9.59M04/05/201...Read More
As bitcoin and its thousand or so cousins evolve from novelty to threat, the existing monetary system is reacting pretty much as evil empires tend to, with coercion and co-optation. This week it's India: India cracks down on bitcoin and hints it may launch its own digital currencyThe Reserve Bank of India (RBI) has initiated a crackdown on cryptocurrencies such as bitcoin, even as it considers a p...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,67768,08852,011162,608351,473449,296471,572Change from Prior Reporting Period -24,35512,410-11,3855,165-32,330-30,575-31,305Traders18068734757261168 Small Speculators LongShortOpen Interest 43,84521,569493,141 -5,974-5,244-36,549 non reportable positionsChange from the previo...Read More
We're told that the U.S. has trade deficits with many nations. Many people believe that this is a bad thing that cannot continue. But are they right? Ron Paul discusses on today's Liberty Report.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifest...Read More
LONDON (Reuters) - Following are five big themes likely to dominate the thinking of investors and traders in the coming week, and the Reuters stories related to them.1/THE POWER OF EARNINGSThe earnings season that kicks off in earnest next week will be the first to reflect President Donald Trump’s tax cuts, and pundits have been falling over themselves to up their forecasts. Earnings growth...Read More
Silver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely undervalued relative to gold, while speculators' silver-futures positions are extraordinarily bearish. All this has created the perfect breeding ground to birth a major new silver b...Read More
Wall Street also digested weaker-than-expected jobs dataU.S. stocks lost any lingering momentum they had coming into today's trading, and ended the day in the red, as renewed trade war concerns and disappointing jobs data caught up to the three major indexes. More specifically, the Dow was down 767 points at its intraday low, with all 30 of its components closing in negative territory. The Nasdaq...Read More
By Gary TanashianWe began months ago, noting the 3 Amigos destined for their goals. Here's a post from November 2017 explaining the macro fundamentals involved:Updating the 3 Amigos of the MacroAmigo #1 (SPX vs. Gold): Either reach major theoretical resistance (it's a ratio, after all) or abort mission by establishing a downtrend.Amigo #2 (10yr yield to 2.9% and 30yr yield to 3.3%): Destinations...Read More
Something strange has been happening in precious metals lately. Gold has been doing a lot better than silver, even as the paper market internals have increasingly predicted the opposite. The result is a gold/silver ratio that’s near the top of its historic range:In the paper markets (where futures contracts are traded) the imbalance is even more glaring, with gold speculators extremely bulli...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More