•  Subdued USD demand/risk-off mood lends some support.   •  Firming Fed rate hike expectations should limit strong gains.  Gold extended its consolidative price action through the early European session on Wednesday and remained within striking distance of 2-1/2 week lows.  With investors still digesting the new Fed Chair Jerome Powell's fi...Read More

The drop in gold prices has revived interest in put options. Risk reversals turned negative on Feb. 22. The double top-like pattern seen in gold's (XAU/USD) daily chart seems to have revived interest in the bearish bets - put options. The XAU/USD one-month 25 delta risk reversals turned negative on Feb. 22 and hit a low of -0.30 yesterday. As of writing, it is seen at -0.25. The decline from...Read More

If you purchase a certain piece of land off Old Mine Road in North Scottsdale, you will literally be sitting on a gold mine.Read full newsRead More

TORONTO, Feb. 27, 2018 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ('Wallbridge') is pleased to announce that it has commenced the dewateri...Read full newsRead More

Some production activities at the Porgera gold mine in Papua New Guinea have been suspended to save power after a powerful earthquake damaged the power station that supplies the mine, operator Barrick (Niugini) Ltd said on Tuesday.Read full newsRead More

Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More

Dollar rallies hard after Powell's testimony.Gold is now at clear risk of breking through its February lows.If it does, $1,240 is the next support price - almost $80 an ounce away.The downswing in the gold price (NYSE:GLD) yesterday should definitely put swing traders on alert that lower prices are coming. Gold now is in clear danger of breaking though the lows its printed on the 9th of Februa...Read More

SHANGHAI, Feb 28 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) stood at 50.3 in February, down from 51.3 in January, according to data released by the National Bureau of Statistics on Wednesday February 28. The country’s non-manufacturing PMI this month stood at 54.4, down from 55.3 in January.  For editorial queries, please contact Daisy Tseng...Read More

SHANGHAI, Feb 28 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) stood at 50.3 in February, down from 51.3 in January, according to data released by the National Bureau of Statistics on Wednesday February 28. The country’s non-manufacturing PMI this month stood at 54.4, down from 55.3 in January.  For editorial queries, please contact Daisy Tseng...Read More

SHANGHAI, Feb 28 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) stood at 50.3 in February, down from 51.3 in January, according to data released by the National Bureau of Statistics on Wednesday February 28. The country’s non-manufacturing PMI this month stood at 54.4, down from 55.3 in January.  For editorial queries, please contact Daisy Tseng...Read More

U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Tuesday.Highlights of Consumer Confidence (February)Confidence index rose to 130.8 (est. 126.5), highest since Nov. 2000, from downwardly revised 12...Read More

Here Are 4 Hot Things to Know About Stocks Right Now Before Tuesday's declines, the Dow Jones Industrial Average and S&P 500 had risen for three straight sessions.The Dow remains more than 1,200 points below its all-time high set on Jan. 26.U.S. 10-year Treasury yields rose to 2.915% after Fed Chairman Jerome Powell hinted at more than three rate hikes in 2018.Consumer confidence in Feb...Read More

Fed must strike balance to avoid overheat amid low inflationHis first testimony as Fed chair sounds upbeat note on economyFed Chair Jerome Powell will tell Congress he expects rates to rise. Bloomberg's Mike McKee reports.Jerome Powell opened the door to the Federal Reserve raising U.S. interest rates four times this year as he acknowledged stronger economic growth may prompt policy makers to reth...Read More

Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand is cooling from its hot pace in recent quarters, a Commerce Department report showed Tuesday.Highlights of Durable Goods (January)Non-military capital goods orders excluding aircraft declined 0.2% (est. up 0.5%) after falling 0.6% the prior month Shipments of those goods, wh...Read More

Jack ChanPosted Feb 27, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on sell signal.***CEF – on sell signal.***GDXJ – on sell signal.***Speculation is in bull market values.Data is supportive for overall higher prices.This is a massive bottoming pattern four years in the making.SummaryLong term – on major buy signal....Read More

Evolution CEO says hedge fund made valid points on industryGeneralist investors scarred by gold miners' mistakes: KleinJake Klein, Evolution Mining chairman and co-founder, says that gold giants must change to woo scarred investors. Billionaire hedge-fund manager John Paulson is right to press top gold producers to avoid repeating their bad deal-making habits as prices press higher after notc...Read More

Recent volatility shouldn't weigh on U.S. economy: PowellDollar rises for a second day, reducing appeal of commoditiesFed Chair Jerome Powell will tell Congress he sees interest rates rising gradually. Bloomberg's Mike McKee reports.Gold and copper futures fell as the dollar was buoyed by a statement from Federal Reserve Chairman Jerome Powell that signaled U.S. policy makers will keep on graduall...Read More

5 Hot Things to Know About Stocks Right Now Comcast swoops in with $31 billion bid for Britain's Sky plc in challenge to 21st Century Fox.Akorn plunges after Fresenius warns that alleged data breach could hamper takeover.Bond yields, dollar reverse course, climb higher as Powell hints at gradual rate hikesEuropean stocks slide, but media shares shine on takeover speculation.China stocks hold dow...Read More

SHANGHAI, Feb 28 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) stood at 50.3 in February, down from 51.3 in January, according to data released by the National Bureau of Statistics on Wednesday February 28. The country’s non-manufacturing PMI this month stood at 54.4, down from 55.3 in January.  For editorial queries, please contact Daisy Tseng...Read More

SHANGHAI, Feb 28 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) stood at 50.3 in February, down from 51.3 in January, according to data released by the National Bureau of Statistics on Wednesday February 28. The country’s non-manufacturing PMI this month stood at 54.4, down from 55.3 in January.  For editorial queries, please contact Daisy Tseng...Read More