The Gold Shares ETF is testing its 'reversion to the mean' at $177.76 versus its 2018 low of $117.40 set on July 2.Nymex crude oil held my annual value level of $63.81 on June 18 and set its 2018 high of $75.27 on July 3 as a consolidation begins.The commodities ETF is nearing a test of its 'reversion to the mean' at $16.98.The long dollar ETF held its 'reversion to the mean' at $24.82 on Monday.H...Read More
CloseGain/LossGold $1242.20-$13.30Silver$15.80-$0.26XAU80.98-3.06%HUI174.53-2.88%GDM613.40-2.55%JSE Gold1072.36-5.43USD94.74+0.60Euro116.75-0.72Yen89.27-0.65Oil$70.38-$3.7310-Year2.840%-0.023T-Bond145.46875+0.46875Dow24700.45-0.88%Nasdaq7716.61-0.55%S&P2774.02-0.71% The Metals: Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with a loss of 1.06%....Read More
- World Cup weighs nearly 200 ounces (6.17 kilos) and is 18 Karat or 75% pure gold- World Cup's value is just ?140,000 at today's depressed prices- 30% less than England's Harry Kane's weekly wage of ?200,000- World Cup fever takes over England ahead of semi final tonight- World Cup's true value is priceless to players and nationsThe World Cup is worth at today's gold prices a measly ?140,000 (...Read More
Gold can fall first and then rise. Investors will prefer to sit on cash or invest in a safer bond market till a clear picture on the impact of the USA induced trade war is there. Anyways equities offer a much better return than gold in the short term. Risk is much higher in stocks than gold but returns outweigh risk. I again repeat that gold investment is not for a few weeks to a quarter. Gold h...Read More
- World Cup weighs nearly 200 ounces (6.17 kilos) and is 18 Karat or 75% pure gold- World Cup's value is just ?140,000 at today's depressed prices- 30% less than England's Harry Kane's weekly wage of ?200,000- World Cup fever takes over England ahead of semi final tonight- World Cup's true value is priceless to players and nationsThe World Cup is worth at today's gold prices a measly ?140,000 (...Read More
Gold can fall first and then rise. Investors will prefer to sit on cash or invest in a safer bond market till a clear picture on the impact of the USA induced trade war is there. Anyways equities offer a much better return than gold in the short term. Risk is much higher in stocks than gold but returns outweigh risk. I again repeat that gold investment is not for a few weeks to a quarter. Gold h...Read More
FREE COPPER CALLCopper Call – BUY Mcx Copper at CMP 417.50 for Target 425 – 429 with Small SL below price 414. RISK taker trade 2 lots Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) late Wednesday reported that second-quarter gold production was roughly in line with the first quarter, although output was down year-on-year.The company maintained full-year gold-output guidance but trimmed its forecast for copper production in 2018.Based on preliminary data, the world’s largest gold producer said it turned out 1.07 million...Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) late Wednesday reported that second-quarter gold production was roughly in line with the first quarter, although output was down year-on-year.The company maintained full-year gold-output guidance but trimmed its forecast for copper production in 2018.Based on preliminary data, the world’s largest gold producer said it turned out 1.07 million...Read More
(Kitco News) - The gold market is going through some fundamental changes, with the precious metal becoming increasingly immune to rising geopolitical and macroeconomic volatility, according to Australian investment bank Macquarie.Markets were exposed to some high-risk events in 2017 and 2018, but gold showed barely any reaction to major events such as, the U.S. President Trump’s first year i...Read More
Gold continues to be unable to benefit amid global trade war concerns. XAU/USD drops toward $1,240/oz, approaches last week lows. A rally of the US dollar across the board sent gold prices to the downside. The ounce was moving sideways around $1,250/oz and broke lower during the US session. Price dropped to $1,242.50 reaching the lowest in a week. As of writing, it was hovering sligh...Read More
NEW YORK (Reuters) - A struggle by employers to fill jobs shows the U.S. economy is strong, and the rise in housing and stock prices is not a sign of a risky build-up in leverage in the financial system, the head of the New York Federal Reserve Bank said on Wednesday.“Employers are now struggling to fill job openings,” said New York Fed President John Williams, calling it a sign of an...Read More
Trevor HunnicuttNEW YORK (Reuters) - The fact that investors are siphoning money out of stocks is not helping gold, with the safe-haven asset suffering as people wary of a global trade war flock to the U.S. dollar.U.S. fund investors pulled $1 billion from commodity funds, including those invested in the precious metal, the largest withdrawals since July 2017, Investment Company Institute (ICI) da...Read More
Today’s selling continued to day’s trading resulting in a strong drawdown in both gold and silver with futures gold closing down $13.50 currently fixed at $1,242 an ounce. At the same time, spot gold gave up $14 in trading today and is currently fixed at $1,241 32.Today’s dramatically lower pricing in gold is a combination of extreme dollar strength coupled with traders aggressiv...Read More
Today’s selling continued to day’s trading resulting in a strong drawdown in both gold and silver with futures gold closing down $13.50 currently fixed at $1,242 an ounce. At the same time, spot gold gave up $14 in trading today and is currently fixed at $1,241 32.Today’s dramatically lower pricing in gold is a combination of extreme dollar strength coupled with traders aggressiv...Read More
If it was Trump's intention to lower the price of oil by spooking a massive commodity selloff over trade war fears, well he succeeded...Read full newsRead More
Glencore Plc has set up a board committee to respond to a U.S probe into possible corruption at the world's biggest commodity trader.Read full newsRead More
Great Bear Resources (TSXV:GBR) (theRead full newsRead More
"Brian Leni of @Junior_Stock comments on his high-conviction picks including FPX #Nickel Corp and @Northern_Emp in this interview https://t.co/pSDaGDwaSJ"Read full newsRead More
TORONTO - Today, Minister of Energy, Northern Development and Mines Greg Rickford released the following statement:"Our government was elected on a promise to lower electricity bills for the people of Ontario. This included a promise to address governance at Hydro One. Today, Hydro One has informed us that Chief Executive Officer Mayo Schmidt is retiring from the company, effective immediately. Th...Read More