CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we’ll hear a wonderful interview with first time guest Dr. Stephen Leeb of Leeb Capital Management. Dr. Leeb weighs in on what he believes will be a major fly in the ointment for the U.S. when it comes to the trade war with China and also tells us if he’s still holding onto the thought that we’ll s...Read More
CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest...Read More
By Ira EpsteinGold might pullback a bit as Risk On mentality in stocks takes hold.https://www.iraepstein.com/ Read More
Source: Michael Ballanger for Streetwise Reports 10/14/2018 Precious metals expert Michael Ballanger discusses the stock market volatility of the last week and what it may mean for precious metals. -->When asked about the dominant theme for the markets last January, I said that the one thing I looked forward to was a return of "VOLATILITY" as the Federal Reserve Board moved to "normalize" t...Read More
Graceland UpdatesBy Stewart Thomson 1. With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed. What comes next for these key markets and what are the main factors at play?2. Please click here now. Double click to enlarge this daily gold chart.3. What began innocently as a bullish non-confirmation be...Read More
As a general rule, the most successful man in life is the man who has the best information By Richard (Rick) Mills The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Iran nuclear agreement, known formally as t...Read More
SPX continued losses. CPI slowed down. IMF cut its projection of global growth. What does it all imply for the gold market? Stock Market Turmoil Continues Let's start from the US stock market. In the last edition of the Gold News Monitor, we discussed the Wednesday's stock market turmoil. But the bear market continued later. On Thursday, the SPX extended its losses, declining about 2 percent....Read More
COLORADO SPRINGS, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold, 321,590 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operatio...Read More
By Avi GilburtI am certain of death. I am certain of taxes. And, I am certain of tax reform. (Sorry, that was an old tax attorney joke.)However, non-linear financial markets never lend themselves to certainty. Rather, the best we can do is look for clues that provide us with high-probability perspectives. That is what I use Elliott Wave analysis to do, in addition to supporting sentiment reading...Read More
By Frank HolmesAccording to the 2018 edition of the Stock Trader's Almanac, October has been a "great" time to buy. Once ranked last in terms of stock performance, the 10th month has delivered relatively average returns since 1950. What makes it so attractive is that it's followed by November and December, historically among the very best months for stocks. We're also entering the three most bul...Read More
Stock market bulls could catch a break if the retracement in Treasury yields continues for a while. The chart shows yields on the Ten-Year Note to have peaked last week at 3.25%. The correction has since hit 3.12% and could conceivably go lower. Although my rally target at 3.32% lies significantly above, that target comes from the weekly chart, and charts of lesser degree look maxed out for th...Read More
(Reuters) - Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983."We have a really exciting announcement coming this Thursday, learn more about it here...""While the exchang...Read More
Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More
CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest...Read More
Investors in the cannabis space have thus far focused primarily on the growers of the product. We first recommended Canadian greenhouse growers in 2016, added in 2017 and added again in early 2018. It has been a very profitable ride and I believe there is more upside ahead for cannabis growers over the next 12 months.But they will eventually face margin compression, as the supply shortfall turns i...Read More
Michael says cross your fingers because now is the time we see if there is truly a paradigm shift in the precious metals. Here are the details...by Michael Ballanger via Streetwise ReportsWhen asked about the dominant theme for the markets last January, I said that the one thing I looked forward to was a return of "VOLATILITY" as the Federal Reserve Board moved to "normalize" the interest rate str...Read More
Peter KrauthOver the last month, gold prices have surged, tacking on over 3% in just the last two weeks.And it looks like silver prices are next.You see, I believe we're entering a sweet spot for the price of silver over the next few months.Market turmoil and a weaker U.S. dollar are setting the stage for a significant rally in the precious metal – one that will shrink the gold-to-silver rat...Read More
RAPAPORT... Bonhams has appointed Brett O'Connor as senior internationaljewelry director and senior vice president of its US operations, the auction house saidTuesday. O'Connor makes the move after 16 years at Sotheby's Geneva,where he was one of the lead auctioneers for the company's major jewelry salesin Geneva, Hong Kong, London and New York. He was also responsible for globalsourcing of j...Read More
RAPAPORT... Recovery of lower-grade ore at Rio Tinto's Argyle and Diavikmines led to a 17% drop in production in the third quarter.Output came to 4.9 million carats for the three monthsending September 30, the company said Tuesday. The Argyle asset in Australiayielded 3.8 million carats, plummeting 19% over the same period last year. Lastyear, Rio Tinto's production was enhanced by the proces...Read More