Investing.com - After a week which saw a rout in global equity markets triggered by fears over rising bond yields, concerns about global growth and an escalating trade war there’s a lot on this week’s calendar to keep investors on edge.On Wednesday investors will get the chance to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time...Read More
Investing.com - This week precious metals traders will see whether gold’s surge higher can be sustained after a rout in global equity markets which coincided with weakness in the dollar bolstered safe haven demand for the yellow metal.On Wednesday investors will get the chance to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time this y...Read More
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Fears of a full-blown trade war and higher oil have all been weighing heavily on the global economic outlook, including materials and base metals exchange-traded funds such as the iShares Global Materials ETF and SPDR S&P Metals and Mining ETF, which are both down by 13% since the start of 2018.While Trump's approach to trade along with firmer crude poses a threat to the global economic upswin...Read More
It has been a difficult few years for investors in what is known as the most electrically conductive element silver. The white metal appears caught in a prolonged slump with little to no signs of a recovery occurring anytime soon. With silver trading at US$14.60 an ounce, there's increasing speculation that it is close to the marginal cost of production for many primary silver miners, which makes...Read More
Weaker demand for silver sees the white metal down by 14% for the year to date, trading at less than US$15 an ounce, and its stagnant outlook is weighing heavily on primary silver miners. In an attempt to stimulate growth and expand earnings, primary silver miner Great Panther Silver (TSX:GPR)(NYSE:GPL) has announced that it will acquire Australian gold miner Beadell Resources. This US$105 million...Read More
As a reformed silver bug and long-term investor in the white metal, I understand the pain felt by many silver investors since its price collapsed in late 2016 after breaking through the psychologically important US$20 an ounce barrier. There is every sign that silver will remain stagnant for the foreseeable future, dashing my hopes that bullion will soar to over US$20 per ounce.This is bad news fo...Read More
Gold producers are catching a tailwind as the price of gold continues to claw back the losses it sustained over the past six months.Let's take a look at the current situation that is driving gold stocks higher and see if this is the right time to add Goldcorp (TSX:G)(NYSE:GG) to your portfolio.Gold rallySafe-haven demand has apparently returned to the gold market. The price of the yellow metal has...Read More
Growth stocks are an interesting topic among Canadian market watchers at the moment. In fact, with pot stocks taking up pretty much all available headline space, growth stocks are one of the hottest subjects around. This seems an odd state of affairs considering the uncertainty in the market that looks set to finally end the epic bull run; the marijuana stock boom is a rare phenomenon, to be sure....Read More
Beaten-down uranium miner Cameco (TSX:CCO)(NYSE:CCJ) has popped by an impressive 19% over the last month in response to receiving a favourable outcome regarding an investigation by the Canada Revenue Agency (CRA). This increased its appeal as an investment and fueled the bull case for investing in uranium and Cameco.While the latest news is certainly a positive for Cameco, it hasn't altered the un...Read More
The Del Toro silver mine in Mexico. Source: First Majestic Silver Corp.First Majestic Silver Corp. [FR-TSX; AG-NYSE; FMV-FSE] on Monday October 15 said production in the third quarter of 2018 reached a new company record of 6.7 million silver equivalent ounces.Total production consisted of 3.5 million ounces of silver, 35,260 ounces of gold, 4.4 million pounds of lead and 1.2 million pounds of zin...Read More
Copper-silver mineralization at the Bankers Cobalt Kamanjab Project in Namibia. Source: Bankers Cobalt Corp.Bankers Cobalt Corp. [BANC-TSXV, BC2-FSE] said Monday October 15 that it has established a confidential virtual data room to provide access for parties who have approached the company or expressed an interest in reviewing data on Bankers and its concessions."We have completed a significant a...Read More
The price of gold is acting... normal.And that's actually surprising to see.For the gold market, "normal" hasn't been... well, normal. Gold is traditionally a safe haven asset used to hedge economic and market risk. Demand and prices traditionally increase in times of fiscal turmoil. But this has not largely been the case for the past decade.Since the turn of the century, the gold market has dynam...Read More
CloseGain/LossGold $1225.40+$7.40Silver$14.69+$0.08XAU70.45+1.70%HUI155.88+1.68%GDM557.90+1.37%JSE Gold1252.10+97.79USD95.08-0.20Euro115.81+0.22Yen89.21+0.03Oil$71.78+$0.4410-Year3.154%+0.001T-Bond138.4375-0.28125Dow25250.55-0.35%Nasdaq7430.74-0.88%S&P2750.79-0.59% The Metals: Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but...Read More
By Ira EpsteinGold a bit overbought, but rallying on Italian, Brexit and Saudi issues.https://www.iraepstein.com/ Read More
I've read many comments to the effect that the next financial crisis will be like 2007-2008, only worse. However, the sole reason that many people are talking about a coming 2008-like crisis is because the happenings of 2008 are still fresh in the memory. Market participants often expect the next crisis to look like the last one, but it never does. Consequently, the general prediction about the...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Dr. Stephen Leeb, Chief Investment Officer at Leeb Capital Management. Dr. Leeb has decades of experience in the financial markets and has even authored seven well regarded books, including best sellers The Coming Economic Collapse: How to Thrive When Oil Costs $200 a Barrel, and Game Over: How to Prosper i...Read More
By Frank HolmesStrengths? The best performing metal this week was platinum, up 1.82 percent as hedge funds cut their net bearish position to a five-month low this week. For the eighth consecutive week, gold analysts and traders have reported holding a bullish outlook on the yellow metal in Bloomberg's weekly survey. This attitude is supported by gold being on its best run in six...Read More
By Keith Weiner"You can't eat gold." The enemies of gold often unleash this little zinger, as if it dismisses the idea of owning gold and indeed the whole gold standard. It is a fact, you cannot eat gold. However, it dismisses nothing.This gives us an idea. Let's tie three facts together. One, you can't eat gold. Two, gold is in backwardation in Switzerland. And three, speculation is a bet on th...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12October 15, 2018 "There are three ways to make a living in this business: be first, be smarter, or cheat."- John Tuld, played by Jeremy Irons in Margin Call (2011) "If we're right, people lose homes. People lose jobs. People los...Read More