Our research team, at Technical Traders Ltd., has been very interested in Oil recently as the current rally appears to have rotated lower near a top. Our predictive modeling systems, predictive cycle analysis and other tools suggest Oil/Energy may be setting up for a downward price trend. This may be an excellent opportunity for skilled traders to identify profitable trades as this tre...Read More
This is an update to my crude oil price trend forecast for 2018. So firstly a recap of my forecast for for 2018 which since the start of this year has been for the oil price to target a trend to $80. 01 Jan 2018 - Crude Oil Achieves $60 Forecast Expectations for 2017, $80 Next? Oil is clearly in a bull market and thus I expect the bullish trend to continue and would not be surprised if we see crud...Read More
CloseGain/LossGold $1190.10+$1.20Silver$14.40+$0.01XAU64.88-1.59%HUI141.35-1.73%GDM512.32-1.57%JSE Gold1065.89+33.27USD95.66-0.06Euro114.96+0.02Yen88.56+0.06Oil$74.96+$0.6710-Year3.203%-0.027T-Bond137.75+0.71875Dow26430.57-0.21%Nasdaq7738.02+0.03%S&P2880.34-0.14% The Metals: Gold edged up to $1191.80 in Asia before it dropped back to $1183.50 at about 9:45AM EST, but it t...Read More
By Ira EpsteinWill gold's consolidation ever end?https://www.iraepstein.com/ Read More
By Daniel R. Amerman, CFATwo important financial cycles are currently converging for the first time in more than ten years, and how they work in combination can provide key information about the future value of our retirement portfolios, the future prices of our homes, and even when the next recession may hit.A continuing cycle of interest rate increases by the Federal Reserve has pushed Fed Fun...Read More
By Ricky WenThe first week of October morphed into an inside week within an inside month context, with the prior all-time high at 2947 repelling the advance and the Emini S&P 500 (ES) only reaching 2944.75. If you recall, heading into the week, the bull train was looking for an acceleration to continue its upside pattern towards 2960-2970, which means the bulls ultimately failed their immediate...Read More
Graceland Updates By Stewart Thomson 1. The incredibly positive price action of many gold stocks relative to bullion continues to occur on days when bullion falls hard against the dollar, and when the stock market gets hit. That's impressive!2. Please click here now. Double-click to enlarge this key daily chart of GDX versus gold.3. There's a fabulous inverse head & shou...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being named America's Best Fund Manager by the Mining Journal. He is also the co-author of the book The Gold Watcher: Demystifying Gold Investing, and is a regular gues...Read More
Last week Donald Trump, in his own estimation, succeeded in replacing what he claimed to be the "worst trade deal in history" with what he claims was "the best trade deal in history." If true, this would not only make good on one of his central campaign promises, but it would be a genuinely significant development. In reality, the unveiling of the United States-Mexico-Canada (USMCA) trade deal i...Read More
By Jordan Roy-Byrne CMT, MFTA Gold has struggled to rebound despite an extreme oversold condition and extreme bearish sentiment. Nevertheless, conditions for Gold have not worsened in recent days. In fact, Gold as well as gold stocks appear to be basing for a potential rebound into the holiday season. While some gold bulls expect a major bottom, we aren't in that camp because the fundamentals a...Read More
134,000. The September job gains disappointed. But the unemployment rate dropped to 3.7 percent. And there was a sharp sell-off in China's stock market. What does it all mean for the gold market? Job Creation Disappoints, but Unemployment Rate Sinks to Record Low U.S. nonfarm payrolls slowed down in September. The economy added just 134,000 jobs last month, following a rise of 270,000 in Augu...Read More
By Frank HolmesAccording to a recent Cornerstone Macro report, the three most influential macro trends this year have been 1) the strengthening U.S. dollar, 2) the flattening yield curve and 3) slowing global manufacturing expansion. I've written about all three topics numerous times this year, but the one I've watched the most closely has been global manufacturing, as measured by the purchasing...Read More
Trump wants to call China a currency manipulator. The fall in the yuan reflects growth concerns and nothing else. Currency should reflect fundamentals. Currency prices moves are based on fundamentals. The USA has the strongest economy which is why the US dollar is strong. Asian currencies are weak as a higher energy bill wreaks havoc on a nations balance sheet and also affects voter base. There...Read More
CloseGain/LossGold $1190.10+$1.20Silver$14.40+$0.01XAU64.88-1.59%HUI141.35-1.73%GDM512.32-1.57%JSE Gold1065.89+33.27USD95.66-0.06Euro114.96+0.02Yen88.56+0.06Oil$74.96+$0.6710-Year3.203%-0.027T-Bond137.75+0.71875Dow26430.57-0.21%Nasdaq7738.02+0.03%S&P2880.34-0.14% The Metals: Gold edged up to $1191.80 in Asia before it dropped back to $1183.50 at about 9:45AM EST, but it t...Read More
Chemesis International is making some headway recently including the announcement today in which they are entering into the cannabis edibles market.Taken from the news release:Chemesis International Inc. (CSE: CSI) (OTC: CADMF) is pleased to announce it will be entering into the cannabis edibles category. Chemesis intends to use its existing facilities and licenses to streamline its entry into...Read More
Peter KrauthWhile gold continues to struggle to find a catalyst, the price of silver made a notable move this week.Although it was admittedly short-lived intraday action, silver prices shot up from $14.50 to touch $14.90 last Tuesday, a four-week high and a huge safe-haven bid as concerns about the euro permeated trading.The move came as news emerged that Italy's anti-establishment government prop...Read More
RAPAPORT... Titan Company reported growth in its watch and jewelry divisions in the secondfiscal quarter, helped by collection launches and long-term sales campaigns.The Indian jeweler brushed off challenges such as higher gold prices,the tightening of credit to the industry and fewer weddings than usual for theperiod, it said last week. The company has not yet released exact sales figures fo...Read More
RAPAPORT... Kay Jewelers has located and returned the missing rings of awoman who accused the store of stealing her jewelry in a viral Facebook post. In her September 28 post, Requitta Darshae East said thatthree months after bringing her rings in for servicing, they still hadn't beenreturned. Despite numerous phone calls and visits, the jeweler had not comecloser to resolving her issue. The...Read More
RAPAPORT... So far, 2018 has been a positive year for the diamond trade, with the US and China, the two largest diamond-jewelry markets, showing steady growth. In fact, in China, the jewelry-retail sector has experienced positive results after three years of decline.Sales stagnated between 2014 and 2017 while the Chinese economy was transitioning from being dependent on exports and infrastruc...Read More
RAPAPORT... Alrosa has unearthed its largest yellow rough diamond thisyear, the miner said Monday. The 28.59-carat stone has a deep greenish-yellow hue, classifyingit as fancy intense yellow, the company said. "This stone is...unique, because nature seemed to haveprepared it for cutting, and, in advance, gave it a pear-like shape," saidEvgeny Agureev, director of Alrosa's United Selling Organizat...Read More