By Koos Jansenhttps://www.bullionstar.com/Since 2013 China continues to absorb physical gold from the rest of the world at a staggering pace. Worth noting is that gold imported into the Chinese domestic market is not allowed to be returned in the foreseeable future. Because ownership and the disposition of these volumes of gold likely will be of great importance next time around the internatio...Read More
Jacques Wortman, an analyst with Eight Capital, outlined the key takeaways from this miner's new reports and increased the firm's target price. As noted in an April 2 research note, HudBay Minerals Inc. (HBM:TSX; HBM:NYSE) released an updated mine plan and an updated mineral reserves/resources estimate for its Constancia mine, the former including a "revised production profile for both the Consta...Read More
By Jeff ClarkThe shift from low to high volatility in the markets is on. And almost by default, that'll include gold and silver, since they're inversely correlated to stock markets most of the time.We've already seen this at work. The S&P 500 fell 2.2% on April 2, and in response, gold rose 1.2% and silver 1.6%.It's more than just a daily phenomenon, though; any prolonged wave of uncertainty tha...Read More
Major Indonesia producer PT Krakatau Steel is maintaining its June 2018 start-up date for its new blast furnace, a company official told Metal Bulletin on April 5."The company will keep to the June 2018 date and there will be no delays," the official said, dismissing persistent market chatter that the blow-in could be delayed until 2019.The new 1.2 million tonnes per year blast furnace is located...Read More
Analyst Andrew Kaip with BMO Capital Markets provided an update on what transpired during the period in which his firm was prohibited from writing about this miner. In an April 3 research note, Andrew Kaip, an analyst with BMO Capital Markets, weighed in on Yamana Gold Inc.'s (YRI:TSX; AUY:NYSE; YAU:LSE) recent asset sale and shared insights from his site visit to its Cerro Moro project in Argen...Read More
Join Mike Maloney as he takes a light-hearted look at a very serious question - is there such a thing as a free lunch? The answer won't be a surprise to regular viewers of our videos, but if you are new - this may be a revelation.Read More
In the second half, Max interviews David Morgan of TheMorganReport.com about his latest silver market analysis. As the gold/silver ratio hits a record high, is silver finally set to soar?Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The H...Read More
The shift from low to high volatility in the markets is on. And almost by default, that’ll include gold and silver, since they’re inversely correlated to stock markets most of the time.We’ve already seen this at work. The S&P 500 fell 2.2% on April 2, and in response, gold rose 1.2% and silver 1.6%. It’s more than just a daily phenomenon, though; any prolonged wave of u...Read More
CloseGain/LossGold $1326.30-$7.10Silver$16.39+$0.08XAU81.47+0.77%HUI176.34+0.66%GDM612.19+0.36%JSE Gold1085.57-7.48USD90.48+0.35Euro122.38-0.48Yen93.10-0.57Oil$63.54+$0.1710-Year2.836%+0.030T-Bond144.84375-0.875Dow24505.22+0.99%Nasdaq7076.55+0.46%S&P2662.84+0.69% The Metals: Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but...Read More
Gold soared yesterday likely based on the escalation of the trade conflict between the U.S. and China, but after several hours the rally was over. The tensions didn't really subside, but the price of gold is already about $10 below the price at which it was trading when yesterday's rally had started. Is gold trying to say something? No. It's not saying - it's screaming. There is a combination o...Read More
Japan's Kobe Steel plans to increase its automotive steel production to meet growing demand for such steel, and is targeting to a February 2021 start-up for a 240,000-tonnes-per-year continuous annealing line for steel sheet at its Kakogawa Works.The move is prompted by expectations of growing demand for high-strength and lightweight car bodies."Rising demand for automotive high-strength steel and...Read More
LatestPrice – $1340.20Pattern – price looks to have been consolidating these pastfew months and as price rose into this consolidation pattern it should leavethe same way – up. Breaking below the low of this consolidation phase at $1303could be one area to place stops.BollingerBands – price found support three separate times at the lower band. I doubtthere will be a fourth t...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
By Ryan WildayWhile we still await the crypto bottom, I want to start this week's article off with a personal narrative. I owe my current working life to ethereum.In 2016, I was a practicing design strategist for Samsung while trading as a hobby. In fact, I had already been trading for two decades when I decided to continue my study of the market by learning Elliott Wave Theory. Soon after that,...Read More
We have been here before - twice. The first time was in the late 1920s, which led to the dollar's devaluation in 1934. And the second was 1966-68, which led to the collapse of the Bretton Woods System. Even though gold is now officially excluded from the monetary system, it does not save the dollar from a third collapse and will still be its yardstick.This article explains why another collapse is...Read More
CloseGain/LossGold $1326.30-$7.10Silver$16.39+$0.08XAU81.47+0.77%HUI176.34+0.66%GDM612.19+0.36%JSE Gold1085.57-7.48USD90.48+0.35Euro122.38-0.48Yen93.10-0.57Oil$63.54+$0.1710-Year2.836%+0.030T-Bond144.84375-0.875Dow24505.22+0.99%Nasdaq7076.55+0.46%S&P2662.84+0.69% The Metals: Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but...Read More
CloseGain/LossGold $1326.30-$7.10Silver$16.39+$0.08XAU81.47+0.77%HUI176.34+0.66%GDM612.19+0.36%JSE Gold1085.57-7.48USD90.48+0.35Euro122.38-0.48Yen93.10-0.57Oil$63.54+$0.1710-Year2.836%+0.030T-Bond144.84375-0.875Dow24505.22+0.99%Nasdaq7076.55+0.46%S&P2662.84+0.69% The Metals: Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but...Read More
By Keith WeinerThe dollar is failing. Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already-unpayable levels at an accelerating rate.I am going to share a little bit about myself and my personal motivation. I want to help fix this problem. The alternative, if it'...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
Full Article: Gold: Is It Different This Time?By: Maison Placements CanadaAs if the world economy isn't fragile enough, it appears that we are on the brink of a trade and currency war, compounded by a protectionist reversal of globalisation that could sink the dollar which already has lost its traditional safe haven appeal. As the United States inflames relations with China and Japan, it risks a...Read More