How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
Risk-takers might be ready to bet on an imminent market rally, at least through the mid-December Fed meeting"The SPX closed below its 80-week moving average on Friday, currently situated at 2,660... Unless the SPX immediately recovers from this technical breakdown before the end of the month, risks have grown substantially for weakness over the next few months, or even a transition into a bear-mar...Read More
Short-term headwinds remain, but gold's interim prospects are better.Falling Treasury yields bode well for gold demand.Gold is also getting some institutional and central bank support.Although gold still faces strong short-term obstacles in the form of a strong dollar and a weak crude oil price, the prospects for an intermediate-term turnaround are still strong. Along with diminishing competit...Read More
A number of large shareholders have confirmed to Paulson that they are voting for wholesale change Shareholders urged to vote using only the GOLD proxy and submit prior to 5:00 p.m. (Toronto time) on Thursday, December 6, 2018 NEW YORK, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Paulson & Co. Inc. ("Paulson"), one of the largest, long-term shareholders in Detour Gold Corporation (DGC) (&quo...Read More
• USD weakens across the board on US-China trade truce and helped regain traction. • Bullish traders seemed rather unaffected by a fresh wave of the global risk-on trade. • Fed rate hike expectations fail to hinder the momentum ahead of US data/Fedspeaks. Gold regained positive traction at the start of a new trading week and cli...Read More
Following the completion of its 2018 resource expansion drilling program, Fiore Gold (TSXV: F) announced today that it has updated the resource estimate for its Pan open pit mine in White Pine County, Nevada.The updated resource estimate includes Measured and Indicated (M+I) resources of 27.6 million tonnes grading 0.49 g/t containing 432,000 ounces of gold and Inferred Resources of 7.6 million to...Read More
Following the completion of its 2018 resource expansion drilling program, Fiore Gold (TSXV: F) announced today that it has updated the resource estimate for its Pan open pit mine in White Pine County, Nevada.The updated resource estimate includes Measured and Indicated (M+I) resources of 27.6 million tonnes grading 0.49 g/t containing 432,000 ounces of gold and Inferred Resources of 7.6 million to...Read More
North Vancouver/Stockholm-based Boreal Metals (TSXV:BMX) announced today it has completed seven diamond drill holes totalling 951 metres of exploratory diamond drill program at its Burfjord copper-gold project in Norway. In a press release, the miner said that assay results are expected in the coming weeks. The Burfjord project is comprised of six exploration licenses totaling 5,500 hectares near...Read More
North Vancouver/Stockholm-based Boreal Metals (TSXV:BMX) announced today it has completed seven diamond drill holes totalling 951 metres of exploratory diamond drill program at its Burfjord copper-gold project in Norway. In a press release, the miner said that assay results are expected in the coming weeks. The Burfjord project is comprised of six exploration licenses totaling 5,500 hectares near...Read More
* Zinc stocks at lowest since Feb 2008 * Premium for cash zinc over 3-month still elevated (Updates with closing prices)By Pratima DesaiLONDON, Dec 3 (Reuters) - Prices of industrial metals roseon Monday, with copper hitting a two-month high, after theUnited States and China agreed to a truce in a trade disputethat has undermined confidence in economic growth prospects.Benchmark copper on the Lond...Read More
* Trump and Xi agree on 90-day trade truce to negotiate * Palladium hovers below record highs hit on Friday * GRAPHIC-2018 asset returns: (Updates prices)By Swati VermaBENGALURU, Dec 3 (Reuters) - Gold climbed to its highest innearly a month on Monday as the dollar weakened after the UnitedStates and China agreed a temporary truce in their trade war.Spot gold was up 0.8 percent at $1,231.25 an oun...Read More
* STOXX up 1 pct, off highs; DAX up 1.9 pct * China-U.S. trade war truce boosts miners, oil, tech * Car makers Volkswagen, Daimler, BMW rally * Trump says China to cut tariffs on U.S.-made cars * Glaxo suffers worst day in a decade after $5.1 blnacquisition (Adds details, closing prices)By Helen Reid and Danilo MasoniLONDON, Dec 3 (Reuters) - Miners, autos, tech, and oilstocks surged on Monday, dr...Read More
Published9:22PM ET Sun,2 Dec 2018Updated 3:37PM ET Mon,3 Dec 2018Reuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold gained one percent on Monday, hitting its highest in more than three weeks, boosted by a sell-off in the dollar after the United States and China called a truce on fresh trade tariffs for 90 day...Read More
The New York Stock Exchange and the Nasdaq Stock Market have announced rare closures, with plans to shutter all trading this Wednesday to honor former President George H.W. Bush, who died Friday at 94. "We remember President Bush admiringly as a veteran who fought totalitarianism, a statesman who advocated for freedom, a leader who served his country, and an unabashedly dedicated family man," NY...Read More
CloseGain/LossGold $1230.80+$9.10Silver$14.37+$0.20XAU65.84+2.14%HUI148.35+2.29%GDM540.63+1.67%JSE Gold1104.90+6.09USD97.01-0.18Euro133.48+0.28Yen88.07-0.14Oil$52.95+$2.0210-Year2.984%-0.018T-Bond141.3125+0.15625Dow25826.43+1.13%Nasdaq7441.51+1.51%S&P2790.37+1.09% The Metals: Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the...Read More
A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comDecember 3, 2018 Along with many in the natural resource business, I read Ian Telfer's dire prediction for world gold production in a May 16, 2018 interview with Canada's Financial Post with interest. Here's an excerpt: "Are we not looking for it? Are we bad at finding it? Or have we found it all? My answe...Read More
By Clint SiegnerJPMorgan Chase and a number of other bullion banks are in a whole lot of trouble. Evidence detailing years of rigging markets and swindling clients is piling up.Deutsche Bank pleaded guilty two years ago and forked over hundreds of thousands of documents. John Edmonds, a former JPMorgan trader, entered his own guilty plea last month and turned state's evidence.The carefully culti...Read More
By Dave KranzlerThe market is already fading quickly from the turbo-boost it was given by the announcement that China and Trump reached a "truce" on Trump's Trade War - whatever "truce" means. Last week the stock market opened red or deeply red on several days, only to be saved by a combination of the repetitious good cop/bad cop routine between Trump and Kudlow with regard to the potential...Read More
Featured GuestsPeter Schiff & Bob HoyeShow HighlightsPeter Schiff, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) joins the show from his vacation office in tropical Crypto-Rico, where air conditioning service, not heating is the chief concern today. Key takeaway - gold is building a base that will likely culminate in new record prices, from $2,000 - $5,000 and unde...Read More
TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWFVANCOUVER , Dec. 3, 2018 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has declared commercial production at the Chinchillas si...Read More