Investing.com - Oil traders are likely to stay focused on potential disruptions to global crude supplies in the upcoming week, as looming U.S. sanctions on Iran are widely expected to lead to a tighter market.The sanctions, which from November will include Tehran's oil exports, are being reinstated after U.S. President Donald Trump pulled out of the Iran nuclear deal earlier this year.Iran is the...Read More
Investing.com - Global financial markets will focus on this week's U.S. consumer price data, which should give clearer signs on the pace of inflation and fresh hints on the frequency of Federal Reserve rate hikes through the end of the year.In addition to the CPI data, market players will also pay close attention to comments from a few Fed speakers this week for additional insight into the outlook...Read More
Investing.com - With a fairly light week on the economic calendar investors will continue to monitor the effects of rising U.S. government bond yields on markets, when U.S. bond markets reopen on Tuesday after Monday’s Columbus Day holiday.Concerns over Italy’s rising debts and strains in emerging markets will also remain in focus as markets continue to digest Friday’s mixed U.S....Read More
Investing.com - A stronger U.S. dollar and rising U.S. government bond yields could represent a significant headwind for gold this week despite Friday’s gains, as the precious metal’s inverse relationship to the greenback continues to offset safe haven demand.With a fairly light week on the economic calendar investors will continue to monitor the effects of rising U.S. government bond...Read More
LUSAKA, Oct 7 (Reuters) - Zambia's Finance Ministry said on Sunday that it was open to dialogue with mining companies over the government's plans to increase mining taxes.Africa's second-largest copper producer said late last month that it would introduce new mining duties and increase royalties to help bring down mounting debt. miners such as First Quantum FM.TO , Glencore GLEN.L and Vedanta R...Read More
Hey there, Fools. I'm back again to highlight a few stocks that have recently touched 52-week highs. As a quick reminder, I do this because stocks with price strength tend to be driven by improving fundamentals and a boost in investor sentiment, which could lead to further gains over the short-term.While you should never make investments based on price performance alone, the 52-week highs list can...Read More
It has been a hard year for investors in what was an extremely promising junior gold miner Pretium Resources Inc. (TSX:PVG)(NYSE:PVG). The miner, which owns and operates the Brucejack mine in British Columbia, saw its stock plummet sharply after the mine commenced operations and failed to meet forecast production. Even after gaining 10% over the last month, Pretium's stock is still down by 24% for...Read More
Precious metals miners can make for some interesting investment options.On the surface of it, the business itself seems straightforward. Miners acquire a site, conduct studies over the potential reserves in the mine, set up the requisite infrastructure and staffing to begin mining operations, and then, once precious metals are extracted from the mine, sell them on the market for a profit.It's stra...Read More
It has been a tough year for investors in intermediate gold miner New Gold (TSX:NGD)(NYSE:NGD). The miner which once held so much promise has seen its market value collapse, shedding 78% over the last year compared to the 10% decline in the value of gold.Most of that loss occurred in the wake of New Gold releasing its troublesome second-quarter 2018 results in late July. This can be blamed primar...Read More
President Trump - the guy who rails against evil socialists - has officially made a move to defend socialist policies.Our knuckle-dragging president with a taste for fast food and spineless bureaucrats, recently announced his decision to lift the ban on summer sales of higher ethanol blends of gasoline. Nevermind the fact the entire reason we use ethanol is based on a socialist measure known as th...Read More
U.S. Gold Corp. (NASDAQ: USAU) is a gold exploration and development company with two high potential exploration projects: Copper King in Southeast Wyoming, and Keystone, identified and consolidated by Dave Mathewson on the Cortez Trend in Nevada. The advanced-stage Copper King gold-copper porphyry project has a Preliminary Economic Assessment (PEA) technical report, showing robust resource and lo...Read More
CloseGain/LossGold $1188.90-$14.20Silver$14.39-$0.24XAU65.93+0.67%HUI143.84+0.28%GDM520.67+0.32%JSE Gold1032.62-11.18USD95.72+0.10Euro114.94-0.31Yen88.50+0.58Oil$74.29-$0.0510-Year3.230%-0.009T-Bond136.9375-0.34375Dow26486.78+0.15%Nasdaq7735.95-0.67%S&P2884.43-0.04% The Metals: Gold fell $19.40 to $1183.70 by late morning in New York before it bounced back higher in after...Read More
By Frank HolmesStrengths? The best performing metal this week was gold, up 0.90 percent. Gold traders and analysts maintained their bullish outlooks this week amid bets that the gold selloff has passed, according to the weekly Bloomberg survey. In a big surprise, the yellow metal is headed for a weekly gain and so is the U.S. dollar. While the assets historically move in opposite...Read More
By Keith WeinerLast week, we shined a spotlight on a crack in the monetary system that few people outside of Switzerland (and not many inside either) were aware of. There is permanent gold backwardation measured in Swiss francs. Everyone knows that the Swiss franc has a negative interest rate, but so far as we know, Keith is the only one who predicted this would lead to its collapse (and he was...Read More
In a 13th August blog post I noted that for the first time this year the sentiment backdrop had become decisively supportive of the gold price. I also noted that the fundamental backdrop remained unequivocally gold-bearish, and then attempted to answer the question: What will be the net effect of these counteracting forces? My answer was that regardless of sentiment there could not be an interme...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12October 8, 2018"There are three kinds of lies: lies, damned lies and statistics." attributed to Mark Twain, amongst others "Inflation is the modern way that governments default on their debt." attributed to Mike Epstein, Adjunct Professor, Massac...Read More
By Gary SavageFor years now analysts, and the media have been trying to convince everyone there is no inflation despite central banks massive quantitative easing programs. Of course this is ridiculous. They just choose to ignore where the inflation has manifested.In 2008 inflation spiked in the commodity markets contributing to the severity of the last recession. One could even make a strong cas...Read More
By Avi GilburtThis week, I read an article on Seeking Alpha by Jeffrey Saut entitled "Stock Market Timing?"While I have much respect for Mr. Saut's experience and knowledge in the industry, I do not agree with his recent missive, as it is replete with market fallacies and circular logic.Within this article, Mr. Saut takes market participants to task for not understanding the market:"As mentioned...Read More
By PlungerWhat Happened? Could everything have changed in a 24 hour period? Apparently, Yes, Over the span of 24 hours markets woke up and realized that the FED may be at the cusp of committing Policy Error. Recently bonds have been teetering on the edge and this week Jerome Powell gave bonds a push off the ledge. Bonds delivered a message and the stock market was listening. Stocks g...Read More
- A compendium of some of the most compelling charts and important conclusions of In Gold We Trust 2018- Recession risk, de-dollarization, general macro-topics and of course gold- Risk/reward-profile for gold is very good after capitulation selling & CoT report show the best setup in 17 years- The current technical setup for the gold price is positive "In Gold we Trust" Report 2018 - Access C...Read More