Vancouver, British Columbia - April 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) ("Bluestone" or the "Company") is pleased to announce additional underground sampling results from its Cerro Blanco Gold project in Guatemala. Bonanza grade gold and silver mineralization at Cerro Blanco is associated with epithermal quartz-adularia veins an...Read More
Irredeemably Yours... Yuan Stops Rallying at the Wrong MomentThe so-called petro-yuan was to revolutionize the world of irredeemable fiat paper currencies. Well, since its launch on March 26 - it has gone down. It was to be an enabler for oil companies who were desperate to sell oil for gold, but could not do so until the yuan oil contract. After becoming progressively stronger over the past year...Read More
Turkish domestic ship scrap prices have fallen slightly with the Turkish lira weakening against the US dollar, while auto bundle scrap prices remained flat, sources said on Monday April 9.Metal Bulletin's weekly price assessment for melting scrap from shipbreaking in the Turkish domestic market fell to $341-350 per tonne delivered, down from last week's $343-353 per tonne.The downward movement in...Read More
CloseGain/LossGold $1337.30+$4.30Silver$16.50+$0.14XAU81.05-0.60%HUI175.74-1.04%GDM613.89-0.36%JSE Gold1111.01-7.05USD89.84-0.26Euro123.21+0.38Yen93.71+0.10Oil$63.42+$1.3610-Year2.780%+0.003T-Bond146.09375+0.0625Dow23979.10+0.19%Nasdaq6950.34+0.51%S&P2613.16+0.33% The Metals: Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late sessio...Read More
Jim Bianco, president of Bianco Research, LLC, joins the team to talk bonds, the Fed and much more.1:00 Where are rates going?5:51 The Fed and the Heisenberg principle11:07 Potential consequences of a decade of interest rate price control15:10 The significance of a three percent 10-year yieldJames "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a...Read More
The challenge facing the world's major copper miners is how to tread the fine line between keeping capital expenditure in check while bringing new capacity online to take advantage of future higher prices. With memories of the 2008-09 global financial crisis fresh in the minds of company executives and management boards, the focus over the past several years has been on cutting costs, selling non-...Read More
By Ira EpsteinGold going sideways.https://www.iraepstein.com/ Read More
Part 1 (part 2 below)Part Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight bo...Read More
Eric Zaunscherb, an analyst with Canaccord Genuity, reviewed and interpreted this company's recent drill results. In the field.In an April 4 research note, Canaccord Genuity analyst Eric Zaunscherb reported that Marathon Gold Corp. (MOZ:TSX; MGDPF:OTC.MKTS) released the stepout drill results from the Marathon gold deposit and Sprite zone bog area, which "provide further evidence of a large-scale...Read More
COLORADO SPRINGS, Colo., April 09, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced the northwest expansion of the Arista Mine's Arista vein system with twelve additional step-out and infill drill holes. Intercepts include 2.00 meters of 6.68 grams per tonne (g/t) gold and 864 g/t silver; 2.08 meters of 1.98 g/t gold and 1,583 g/t silver;...Read More
Comex copper prices were in consolidation mode in start-on-the-week trading while markets await further clarity on the possibility of a trade war breaking out between the United States and China.Copper for May settlement on the Comex division of the New York Mercantile Exchange inched down 0.25 cents or 0.1% to trade recently at $3.0560 per lb. Talks are intensifying between the world's two e...Read More
?>>?Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political ca...Read More
A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comApril 9, 2018 This is no April Fools' joke, folks: Trump's tweets and threats on trade tariffs are treating us to tremendous turmoil in the financial sector. Some investors are visibly nervous given the recent downturn and a doubling of market volatility. However, let's put some levity on the current situa...Read More
Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver.Our proprietary cycle indicator is up.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more...Read More
Base metals prices on the London Metal Exchange are for the most part stronger this morning, Monday April 9. Zinc is the exception with a 0.6% decline, while the rest are up between 2.8% for aluminium ($2,113 per tonne) and 0.2% for tin. Copper prices are up by 1.1% at $6,831 per tonne.Volume has been extremely high at 24,925 lots - the bulk of that has been seen in aluminium (11,180 lots) where t...Read More
Readers know that I have beaten this drum alltoo often. Gold’s major fundamental driver is declining or negative real rates.There is a strong inverse correlation because Gold is money. That’s what JPMorgan said and he’s far more qualified to understand than quotable celebritieslike Mark Cuban. But I digress. When real rates are increasing or stronglypositive (during most of the 1...Read More
SLV along with the PM stocks have been under performing gold in a pretty significant way. Normally you would like to see the PM stocks outperforming gold on the front end of a bull market similar to what we saw back in the beginning of the 2000 bull market in the PM complex. So far that hasn’t been the case.Below is a weekly chart for SLV we’ve been following for a long time now as it...Read More
The stock market was trading at an all-time high valuation of 150% of GDP this January. That was indeed the bell rung at the very top. Stocks have since started to roll over, but valuations are still at 140% of the underlying economy. And that is, historically speaking, way off the chart. The average of this metric was around 45% throughout the decades of the 70's thru the mid-1990's. Therefore, t...Read More
CloseGain/LossGold $1337.30+$4.30Silver$16.50+$0.14XAU81.05-0.60%HUI175.74-1.04%GDM613.89-0.36%JSE Gold1111.01-7.05USD89.84-0.26Euro123.21+0.38Yen93.71+0.10Oil$63.42+$1.3610-Year2.780%+0.003T-Bond146.09375+0.0625Dow23979.10+0.19%Nasdaq6950.34+0.51%S&P2613.16+0.33% The Metals: Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late sessio...Read More