Continue...Theodore Butler is an independent silver analyst who has published unique precious metals commentaries on the internet since 1996. He is the head of Butler Research LLC, where he offers a subscription service of weekly commentaries, including detailed analysis of the Commitment of Traders Report, regulatory developments, supply and demand considerations, and topics of interest to invest...Read More
CloseGain/LossGold $1230.30-$2.30Silver$14.62-$0.05XAU64.72-4.86%HUI143.41-6.05%GDM529.19-4.34%JSE Gold1200.51-9.70USD96.63+0.26Euro113.75-0.23Yen89.02+0.02Oil$67.33+$0.5110-Year3.124%+0.020T-Bond138.65625-0.125Dow24984.55+1.63%Nasdaq7318.34+2.95%S&P2705.57+1.86% The Metals: Gold gained $6.50 to $1239.10 in Asia before it dropped back to $1230.40 at about 4AM EST and then...Read More
Only one digit has changed. But it may have profound consequences, sending the country closer to junk status. Meanwhile, Rome and Brussels clash over budget plan. Will that duel benefit or harm the yellow metal?Only One Notch Above Being JunkItalian drama continues. On Friday, Moody’s, one of the most significant rating agencies in the world, downgraded the Italian credit rating from Baa2 to...Read More
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit.A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the "alarming volumes of red ink" within the shale industry. "...Read More
CloseGain/LossGold $1230.30-$2.30Silver$14.62-$0.05XAU64.72-4.86%HUI143.41-6.05%GDM529.19-4.34%JSE Gold1200.51-9.70USD96.63+0.26Euro113.75-0.23Yen89.02+0.02Oil$67.33+$0.5110-Year3.124%+0.020T-Bond138.65625-0.125Dow24984.55+1.63%Nasdaq7318.34+2.95%S&P2705.57+1.86% The Metals: Gold gained $6.50 to $1239.10 in Asia before it dropped back to $1230.40 at about 4AM EST and then...Read More
By Jordan Roy-Byrne CMT, MFTA The US$ index is breaking higher. Its trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious metals could be over. So why is that a bullish catalyst for Gold? First, we know that a real bul...Read More
By PlungerIn light of the volatile market action since my last report two weeks ago I am dedicating this report towards the big picture view. I have been presenting the post bubble contraction (PBC) model to you all year long, however I am convinced many still don't recognize this is actually playing out before their eyes. The noise of daily news events and market commentary has the effect of...Read More
600 points. Dow plunged so much yesterday. The S&P 500 and Nasdaq also suffered. The persistence of losses is disturbing. Should, then, gold shine? Bears Are Back in Town The stock market sell-off continues. Yesterday, the Dow Jones Industrial Average dropped more than 600 points. It means that the index erased all of its 2018 gains, as one can see in the chart below. Similarly, the S&P 500 fe...Read More
By Avi Gilburt When we see a large market move occur which surprises you, what do you do? The first thing you likely do is go on the internet to read the financial news so that you can "understand" what just happened.And, what does the news present to you? Well, the news presents to you what the market did and what the "cause" of that move was based upon what hit the news wires that day. In oth...Read More
It may have felt like stocks were free-falling Wednesday, but for many of us who were short, making 'easy' money was like pulling teeth for most of the day. The broad averages jerked around for hours after falling hard in the early going. As the morning wore on, it felt at times as though DaBoyz were going to muscle shares back to unchanged. They failed at this, however, because shorts hung toug...Read More
COLORADO SPRINGS, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for October 2018 payable on November 23, 2018 to shareholders of record as of November 12, 2018. The Company is proud to note that this dividend marks the one hundredth consecutive mont...Read More
CloseGain/LossGold $1230.30-$2.30Silver$14.62-$0.05XAU64.72-4.86%HUI143.41-6.05%GDM529.19-4.34%JSE Gold1200.51-9.70USD96.63+0.26Euro113.75-0.23Yen89.02+0.02Oil$67.33+$0.5110-Year3.124%+0.020T-Bond138.65625-0.125Dow24984.55+1.63%Nasdaq7318.34+2.95%S&P2705.57+1.86% The Metals: Gold gained $6.50 to $1239.10 in Asia before it dropped back to $1230.40 at about 4AM EST and then...Read More
- Is Dublin's property market heading for a soft landing?- Increasing fears the latest housing boom could foreshadow another slump as reported in the Financial Times- 68 per cent of prime properties in Dublin 4 and 6 have cut prices- "I doubt it will be 'soft' ... My suspicion is that it'll hurt like hell..." warned Karl Deeter of Irish Mortgage BrokersExcerpt via FT:Over the past five year...Read More
Ted Butler is back, expounding on the rapid velocity and physical ounce turnover within the COMEX silver warehouse complex. Since the internet's early days, Ted has covered various answered and still unanswered mysteries surrounding silver. Why has JP Morgan amassed perhaps the largest silver bullion hoard since the Hunt Brothers and Warren Buffet?The hit movie from 1996, "A Time to Kill", based...Read More
David says there could be another $1 decline in the silver price from here, but silver is more likely to go to $140 than down a buck. Here's more...David Morgan interviewed on SBTVWe spoke with David Morgan of the Morgan Report(https://www.themorganreport.com) on SBTV to get his take on the silver market at this moment. Is the bear market already priced in the silver price? Being 'gut honest', Dav...Read More
Polished trading improving, with US holidayorders driving sales. Buyers looking for bargains in Mumbai as weak currencyand tighter bank lending put pressure on Indian dealers. Surat factoriesclosing early for Diwali, with large inventories of melee and 30-pointers.Innovative jewelers gaining market share as JBT reports 226 businesses closed and51 opened in 3Q. China/Hong Kong jewelry retail better...Read More
RAPAPORT... US households are planning to spend 4% more this holiday season, as consumer confidence has improved in the current economic climate,the National Retail Federation (NRF) said Wednesday. "The holidays are just around the corner, and consumers areready to shop," said Matthew Shay, CEO of the NRF. "Confidence is near anall-time high, unemployment is the lowest we've seen in decades, and t...Read More
RAPAPORT... Continued violence in the Central African Republic (CAR) ismaking it impossible for the nation to develop its diamond sector, according to the World DiamondCouncil (WDC). A massacre in Bria left 30 people dead last week - thelatest in a string of fatal incidents in the eastern region, which is currentlyprohibited from exporting rough under the Kimberley Process (KP). While i...Read More
RAPAPORT... Kering noted solid sales in its jewelry-and-watch division inthe third quarter amid a sharp increase in the luxury retailer's group sales. "Watches and jewelry posted solid revenue growth," thecompany said Wednesday. "New collections and extended iconic lines fromBoucheron, Pomellato and Qeelin were very well received. Watches achieved arobust performance, driven by innovation and...Read More
(IDEX Online) - World Federation of Diamond Bourses (WFDB) President Ernie Blom called on exchange presidents and members to join hands to boost the global presence of the trade organization at the conclusion, on Thursday, of the 38th World Diamond Congress at the Bharat Diamond Bourse (BDB). The WFDB is clearly the most important representative body in the global diamond trade, but needs to think...Read More