Lynette Zang goes into a deep dive on what happens when the SHTF, especially when it comes to silver and barter. Here's the details...Q&A with Lynette Zang of ITM TradingOn this week's show, two very important topics are covered:What happens in nations that are pegged to the dollar with the hyperinflation hits the United StatesWhat kind of silver is good for barter post SHTF, and what will determ...Read More
LONDON (Reuters) - Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.A dividend would set Anglo Asian apart from many London-listed junior miners, which typically are busy exploring and need to raise money rather than to hand it out."The compa...Read More
CLICK ON CHART TO ENLARGEThis chart looks at the Junior Miners (GDXJ) to Gold ratio over the past 7-years. Metals bulls want to this ratio heading higher, to send a positive message to this sector.The ratio has spent the majority of the past 7-years inside of falling channel (1), reflecting that Junior miners have been weaker than Gold.The ratio is now testing the top of the falling channel and th...Read More
LONDON (Reuters) - ZPG, the owner of real estate website Zoopla which is being taken over by U.S. private equity firm Silver Lake, reported a 33 percent rise in first-half profit after an increase in listings on its platforms.Silver Lake said this month it was buying the real estate portal, which also operates the PrimeLocation website and comparison service uSwitch, for 2.2 billion pounds ($2.94...Read More
Marshall is back with an important update on gold & silver going into the all-important Fed minutes release this afternoon...Marshall Swing of The Church of Acts dropped a quick line to get everybody up to speed on the latest price action in gold & silver.He said to let his charts do the talking for him as this is turning out to be an exciting week, which might very well reach a crescendo with the...Read More
--Rio Tinto PLC (RIO.LN) has warned Mongolia not to tamper with contracts that concern its investment in the Oyu Tolgoi copper mine in the Gobi desert, the Financial Times reports. --The Financial Times reports that the head of Rio Tinto's copper business, Arnaud Soirat, said at the Mongolia Economic Forum, that the country has the makings of a successful resource nation, but only if it honors agr...Read More
Peter KrauthA funny thing happened with the price of silver early last week. After both silver and gold dropped in the face of surging 10-year Treasury yields and the U.S. dollar, silver parted ways with gold.Gold prices corrected, then essentially moved sideways.Silver prices, on the other hand, rose mid-week even as the dollar was gaining and gold wasn't.It was impressive to see and testament to...Read More
CLICK ON CHART TO ENLARGEThis chart looks at the Silver/Gold ratio on a monthly basis over the past 20-years. When the ratio is heading higher, Silver is stronger than Gold.Since the 2011 highs, the majority of the time the ratio has been heading lower, reflecting the Silver is weaker than Gold.Numerous times over the past 20-years the ratio has found line (1) to be support, where a rally in the...Read More
--Glencore is close to buying Chevron southern African assets for $1 billion, according to three sources familiar with matter, Bloomberg reports. --Glencore will complete the deal within the next six weeks, according to one of the sources, derailing an earlier agreement between Chevron and China Petroleum & Chemical Corp. (SNP), reports Bloomberg. --The assets include a 100,000 barrel-a-day refine...Read More
By David Hodari and Amrith Ramkumar Gold prices swung between small gains and losses before closing slightly higher Friday, helped by a drop in Treasury yields. Front-month gold for May delivery closed up 0.2% to $1,290.20 a troy ounce on the Comex division of the New York Mercantile Exchange but still capped off its worst week of the year. Bets on higher interest rates have pushed up Treasury y...Read More
--Glencore PLC may face a formal bribery investigation in the U.K. over its dealings in the Congo, Bloomberg reports, citing unnamed sources. --The U.K.'s Serious Fraud Office is planning to seek formal approval for a probe into Glencore's dealings in the Congo, including its work with Israeli billionaire Dan Gertler, says Bloomberg. --Glencore shares fell over 8% following the report. Glencore de...Read More
By Oliver Griffin Rio Tinto PLC (RIO.LN) said Friday that it has been accredited by the Office of the National Rail Safety Regulator in Australia to operate autonomous trains at its iron-ore business in Pilbara. The mining company said its AutoHaul project--in which it will use a fleet of autonomous trains to transport iron ore to its port facilities in Pilbara, Western Australia--is on schedule...Read More
"Woke up and wasn't even going to check my silver shorts....I was shocked"Marshall Swing sent us a quick comment about the smash on Tuesday, and today he was kind enough to follow it up with his chart.The barrage of news has been relentless this week to say the least, and BOOM, we got hit real good on Tuesday.Marshall wanted me to point out the fact that just the hint of rate increases is enough t...Read More
Peter KrauthGold is the ultimate safe haven no investor can afford to ignore… but it's the white metal, silver, that's beautifully poised to deliver, frankly, extreme outperformance over the next several years.All the hours of precious metals and commodities research I do each month has brought me to one inescapable conclusion: Silver is the most undervalued resource right now.And you don't...Read More
Harvey says with 335,000 ounces of silver standing for delivery this month, somebody is in desperate need of silver. Here's the details...by Harvey Organ of Harvey Organ BlogMAY 16/GOLD RISES $1.05 TO $1292.00/SILVER UP 10 CENTS TO $16.39/ HUGE 1.883 MILLION OZ OF SILVER ADDED INTO THE SLV/DESPITE THE SHELLACKING IN GOLD/SILVER YESTERDAY WE HAD A MONSTROUS 20,000 EFP'S ISSUED IN GOLD AND OVER 4,00...Read More
By Benjamin Parkin and Georgi Kantchev Gold prices moved between small gains and losses on Wednesday, steadying after carving a new low for 2018 this week. The combination of a stronger U.S. dollar, higher Treasury yields and concern about rising interest rates prompted a selloff in the bullion market Tuesday, with prices seeing the largest single-day drop since 2016. Some of those pressures ea...Read More
By Benjamin Parkin and Georgi Kantchev Gold prices drifted downward Wednesday, extending losses after falling to the lowest point in 2018 this week. The combination of a stronger U.S. dollar, higher Treasury yields and concern about rising interest rates prompted a selloff in the bullion market Tuesday, with prices seeing the largest single-day drop since 2016. Some of those pressures eased Wed...Read More
By Georgi Kantchev LONDON--Gold prices edged higher Wednesday along with other metals as the dollar's recent rally stalled and benchmark U.S. government bond yields fell. The precious metal rose 0.2% to $1,292.70 a troy ounce. Copper, meanwhile, was up 0.2% at $6,823.50 a metric ton in midmorning trade. The U.S. dollar's resurgence took a pause from its monthlong rally on Wednesday. The WSJ Dol...Read More
"It looks like the wave in silver could now be complete at the 16.07 low, and if that is the case then we have..."by Captain Ewave of CaptainEwaveCAPTAIN EWAVE LONG TERM CHARTS UPDATE Gold: Weekly Gold Chart:Gold was higher this past week, as we still believe that we are working on our wave !iv! of $c$ correction. We continue to work on the assumption that all of a complex wave ^ii^ NOT compl...Read More
By Benjamin Parkin and David Hodari Gold prices fell to the lowest point this year as signs of a stronger economy pushed the U.S. dollar higher. Front-month gold contracts for May delivery fell 2.1% to $1,288.90 a troy ounce at the Comex division of the New York Mercantile Exchange, the lowest close since December and the largest single-day drop since 2016. Prices for the precious metal have tra...Read More