Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver.Our proprietary cycle indicator is up.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.Gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more...Read More
Base metals prices on the London Metal Exchange are for the most part stronger this morning, Monday April 9. Zinc is the exception with a 0.6% decline, while the rest are up between 2.8% for aluminium ($2,113 per tonne) and 0.2% for tin. Copper prices are up by 1.1% at $6,831 per tonne.Volume has been extremely high at 24,925 lots - the bulk of that has been seen in aluminium (11,180 lots) where t...Read More
NEW YORK (Reuters) - Financial firms representing more than $1 trillion in assets under management have endorsed a U.S. regulator’s plan to test limiting the rebates and other incentives that stock exchanges can pay to brokers, a practice critics say creates conflicts of interest.The U.S. Securities and Exchange Commission proposed a two-year pilot program in March that would force exchanges...Read More
Erik Townsend welcomes John Mauldin to MacroVoices. Erik starts by asking John if this is the end or just the beginning of this small market dislocation? They further discuss drivers behind the back up of interest rates and ask how far can the 10-year go before something breaks and what are the risks? They proceed to discuss inflation, China and some of the surprises from the SIC conference this y...Read More
Colombia-focused Gran Colombia Gold (TSX:GCM) announced today that gold production for the first quarter of 2018 reached 52,672 ounces, a growth of 35 per cent when compared to the same quarter of 2017."This brings the Company's trailing 12-months' total gold production to 187,485 ounces, up 8% from 2017's annual production of 173,821 ounces and within the Company's production guidance for 2018 of...Read More
Readers know that I have beaten this drum alltoo often. Gold’s major fundamental driver is declining or negative real rates.There is a strong inverse correlation because Gold is money. That’s what JPMorgan said and he’s far more qualified to understand than quotable celebritieslike Mark Cuban. But I digress. When real rates are increasing or stronglypositive (during most of the 1...Read More
CloseGain/LossGold $1337.30+$4.30Silver$16.50+$0.14XAU81.05-0.60%HUI175.74-1.04%GDM613.89-0.36%JSE Gold1111.01-7.05USD89.84-0.26Euro123.21+0.38Yen93.71+0.10Oil$63.42+$1.3610-Year2.780%+0.003T-Bond146.09375+0.0625Dow23979.10+0.19%Nasdaq6950.34+0.51%S&P2613.16+0.33% The Metals: Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late sessio...Read More
* US 2-10 yield curve flattening keeps USD heavy & EUR/USD stays firm * EUR/USD holds just below day's high & near 21-DSMA and daily cloud top * Daily RSI biased up, suggests further gains are likely * 55-DSMA & April 2 high are hurdles for bulls, if cleared stops likely run * Rise likely intensifies, little to stop bulls until Mar 28 & 27 highs Disclaimer: The views expressed in...Read More
SummaryGovernments of mining countries are vulnerable to investors using double tax agreements (DTAs) as a means of avoiding paying taxes. DTAs are bilateral, or multilateral agreements between countries that set out which country has the right to collect tax on different types of income. Interest expense on foreign loans is one such source of income. The DTA will specify how much tax the source c...Read More
SLV along with the PM stocks have been under performing gold in a pretty significant way. Normally you would like to see the PM stocks outperforming gold on the front end of a bull market similar to what we saw back in the beginning of the 2000 bull market in the PM complex. So far that hasn’t been the case.Below is a weekly chart for SLV we’ve been following for a long time now as it...Read More
- Gold outperforming stocks in 2018 and this century (see chart)- Gold up close to 2% in 2018 while S&P 500 is down 2%- Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish- Given gold's performance, Kudlow's dismissal of gold as "end of the world insurance" is "irrational"- Market volatility could drive gold to $1,500/oz in 2018 - HolmesEditor: Mark O'ByrneAuthored by Fr...Read More
The stock market was trading at an all-time high valuation of 150% of GDP this January. That was indeed the bell rung at the very top. Stocks have since started to roll over, but valuations are still at 140% of the underlying economy. And that is, historically speaking, way off the chart. The average of this metric was around 45% throughout the decades of the 70's thru the mid-1990's. Therefore, t...Read More
CloseGain/LossGold $1337.30+$4.30Silver$16.50+$0.14XAU81.05-0.60%HUI175.74-1.04%GDM613.89-0.36%JSE Gold1111.01-7.05USD89.84-0.26Euro123.21+0.38Yen93.71+0.10Oil$63.42+$1.3610-Year2.780%+0.003T-Bond146.09375+0.0625Dow23979.10+0.19%Nasdaq6950.34+0.51%S&P2613.16+0.33% The Metals: Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late sessio...Read More
Indian steelmaker Jindal Steel and Power (JSPL) achieved its highest-ever quarterly production of crude steel in January-March 2018 after a new blast furnace began operating, the firm said on Monday April 9.Steel production at JSPL's Indian production sites came to 1.26 million tonnes over the three-month period, which was an annual rise of 350,000 tonnes compared with 910,000 tonnes in January-Ma...Read More
Source: Streetwise Reports 04/09/2018Eric Zaunscherb, an analyst with Canaccord Genuity, reviewed and interpreted this company's recent drill results.In the field.In an April 4 research note, Canaccord Genuity analyst Eric Zaunscherb reported that Marathon Gold Corp. (MOZ:TSX; MGDPF:OTC.MKTS) released the stepout drill results from the Marathon gold deposit and Sprite zone bog area, which "pro...Read More
The disappointing thing was that gold and silver were not able to rise after the release of disappointing US March nonfarm numbers. The perception of traders it seems that cyclical factors such as early Easters has resulted in the fall in March jobs numbers and that the US economy will continue to hire over 200,000 jobs from April onwards. The threshold point for US nonfarm payrolls is 160,000....Read More
(Kitco News) - CoeurMining, Inc. (NYSE: CDE) posted first-quarter production of8.3 million silver-equivalent ounces that included 3.2 million silver ouncesand 85,383 gold ounces, the company said Monday.The companyleft full-year guidance at between 36 million and 39.4 million ounces.Thefirst-quarter output was up slightly from 8 million silver-equivalent ounces inthe same quarter of 2017 although...Read More
By Nicholas LePan, GoldSeek.com The town of Oatman, Arizona sits in the middle of region that has a long history of gold mining, having produced ~2 million ounces of gold over its history. Northern Vertex (TSX-V: NEE) is the latest company that has explored, defined a resource, started operations and will be looking for more at its Moss Mine. Goldseek came down for a very special moment in...Read More
Full Article: What happened to the Dow & Gold during the 2002 Tariffs?By: Paul FarrugiaAt the beginning of March, President Trump imposed tariffs on steel and aluminum. This was after imposing tariffs on solar panels and washing machines back in January of this year. The last time there were tariffs imposed on steel imports was in 2002. What was the impact back in 2002 on the Dow Jones Industria...Read More