Jordan Roy-Byrne, Founder of The Daily Gold joins me to discuss the market internals for gold and silver. We look at the advance decline line and overall breadth within the stocks. There are some similarities to mid summer of this year which is concerning. The moves to the end of the year will be important for those long the sector.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member...Read More
Money manager Adrian Day reviews royalty companies and also updates exciting news at other companies in his portfolio. Franco-Nevada Corp. (FNV, NY, 64.89) had a strong quarter, with gold streams from two large copper mines (Antapaccay and Candelaria) better than expected with strong oil and gas revenues (which represent somewhat over 10% of revenues, and growing). As always, some assets perform...Read More
A Nevada gold project, once fast-tracked to production, is the focus of additional exploration.Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK), a gold royalty company with a portfolio centered on the Spring Valley Gold Project in Nevada, has reported that Waterton Global Resource Management, the project's owner/operator, is drilling on the property. The company first reported the drilling on October 3...Read More
The Canadian company is undertaking the effort to identify additional drill targets. Lithoquest Diamonds Inc. (LDI:TSX.V; CWVWF.OTCPK) announced in a news release that a high-definition, airborne magnetic survey over a key target area of its North Kimberley diamond project will begin as soon as the geophysics team arrives on site. From the data collected in this manner, the company will identify...Read More
The recent upswing in NG prices has been an incredible trade for many, yet we believe a top is now forming in Natural Gas that could catch many traders by surprise. The recent upside gap in price and upward price volatility would normally not concern long traders. They would likely view this as a tremendous success for their long NG positions, yet we believe this move is about to come...Read More
People say that speech is silver, silence is golden. Well, not always. The recent FOMC monetary policystatement is the best example. Lets’ read out today’s article and find out why.Nothing Changes in NovemberOn Thursday, the FOMC published the monetary policy statement from its latest meeting that took place onNovember 7-8. In linewith the expectations, the US central bank kept the fed...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
By Ira EpsteinCould this be where a bounce in gold starts that has some legs to it?https://www.iraepstein.com/ Read More
By Daniel R. Amerman, CFAMartin Feldstein, who was chairman of the Council of Economic Advisors under President Reagan and is currently a Harvard professor, wrote an extraordinary editorial in the Wall Street Journal in which he strongly advocated that the Federal Reserve pursue policies that would: 1) continue to raise interest rates; and 2) thereby pop asset bubbles in the stock and commercial...Read More
By Frank HolmesIf you've run into difficulties lately finding the best gold stocks to invest in, you're not alone. Sentiment has been down. But there are still some very attractive opportunities out there in the goldfields, one of which I want to share with you.First, a quick recap: The price of gold tested support of $1,200 an ounce on Monday as the U.S. dollar strengthened to a 16-month high,...Read More
Highlights Rob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system.The missing $21 trillion dollars (size of US National Debt) in government funds, is possibly held by the exchange stabilization fund (PPT). One likely use for the missing funds could involve the purchase of new US Bond issuance's, given the few foreign purchases of US d...Read More
TSX Venture Exchange: BSK Frankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCFVANCOUVER , Nov. 15, 2018 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF, "Blue Sky" or the "Company") is pleased to report high grades of uranium and vanadium in initial pit samples located a kilometre west of the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo Grande...Read More
By RambusBefore we look at tonight's charts I would like to take a minute to discuss trading the three X leveraged etf's. Leveraged etf's aren't for everyone as they can be very volatile. These instruments are for those that can take a bigger risk and still come out OK when they go against you. For the average investor a 1 X leveraged etf is all they can handle and that should be fine. When you...Read More
By Avi GilburtThere were several developments in the gold market last week. First, we heard of another trader who has pleaded guilty to "manipulating" the metals market. And, everyone is up in arms again about how gold was manipulated to drop from $1,921 to $1,040 during 2011-2015.And, yes, they are all again saying "ah ha - you see, we were right."But, as I have said so many times before, what...Read More
China has developed tremendously in recent years. But what's next? Is the country entering the growth recession? And how it will affect the world and the gold market? A New Chapter in China We have not analyzed the publications of the World Gold Council for a while. Let's make it up, starting with the newest edition of Gold Investor. The report is about China and its remarkable transformation...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May's UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from ?923 to ?947 per ounce in sterling terms.The pound slumped the most in more than...Read More
Seven of the top nine silver miners have costs of production higher than the silver price. Here's Steve St. Angelo to explain the implications...by Steve St Angelo of SRSrocco ReportThe Primary Silver Miners lastest results were quite dismal as their All-In Sustaining Costs to produce silver were considerably higher than the market price. Many of the silver miners production costs increased in t...Read More
Huge demand for gold & silver continues as we press on in the middle of November. Here's Harvey with an important update on all of the critical numbers...by Harvey Organ of Harvey Organ BlogNOV 14: GOLD UP $8.15 TO $1209.30/SILVER UP 10 CENTS TO $14.10/BREXIT NEGOTIATIONS BECOME UNDONE AND THIS MAY LEAD TO THERESA MAY'S DEPARTURE/MIKE PENSE ISSUES STERN WARNING TO CHINA TO NEGOTIATE OR ELSE.../GER...Read More