Published 19 Hours AgoUpdated3 Hours AgoReuters Chris Ratcliffe | Bloomberg | Getty ImagesCanadian maple leafs sit on the faces of one ounce gold coins in this arranged photograph at Gold Investments Ltd. bullion dealers in London, U.K., on Tuesday, July 15, 2014. Gold held steady but pared some gains made early on Thursday as the dollar recovered and minutes from the U.S. Federal Res...Read More
The American dollar – gold's biggest nemesis – is no the defensive, courtesy of Powell's dovish comments. Still, gold is struggling to beat the resistance if the trendline connecting the Oct. 26 and Nov. 7 highs. Gold is currently trading at $1,222, having clocked a high of $1,227 in the overnight trade. Fed Chair Powell, at 17:00 GMT yesterday, said the interest rates are &q...Read More
Auryn Resources Inc. (TSX: AUG, NYSE American: AUG, "Auryn" recently drilled a 1.5 kilometer gold-bearing hydrothermal system at the Aiviq target. A total of 16 diamond drill holes (4,996 meters) consistently intersected the target structure with the best intercept being 13.5 meters of 1.54 g/t gold (including 6 meters of 3.3 g/t gold) in hole 12 at the southwest margin of the drilling p...Read More
Auryn Resources Inc. (TSX: AUG, NYSE American: AUG, has identified several kilometer-scale targets under copper - gold surface mineralization at its Sombrero project in Southern Peru. The targets identified tend to begin at surface and can continue to a depth of 600 meters, representing more than one substantial opportunity for skarn and porphyry mineralization.Ivan Bebek, Executive Chairman and D...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average saw its biggest gains since March on Wednesday, trading higher for a third straight session, after Federal Reserve Chairman Jerome Powell said interest rates are "just below" neutral for the economy.Tiffany & Co. (TIF) sank 12% after the luxury jewelry retailer cut its growth outlook for full...Read More
Aben Resources Ltd. (TSX.V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) reported further results from the recently completed drill program at the Forrest Kerr Project. Drilling has extended the mineralized envelope surrounding the 2017 and 2018 high-grade gold discoveries at North Boundary. This round of focused drilling tested for the depth and lateral extension of known mineralized...Read More
Sabina Gold & Silver Corp (TSX: SBB), recently reported results from the 2018 summer exploration program from the Boulder property at its 100% owned Back River gold project ("Back River" or the "Project") in Nunavut Canada.The Boulder property, one of five properties within in the 80 kilometer iron formation gold trend at the Back River Project, is located approximately 15 km northwest of the...Read More
The Wednesday Market Minute Global stocks rally, lifting Wall Street futures, following reports of a potential breakthrough in trade talks between Washington and Beijing.The U.S. dollar hits an 18-month high as investors extend bets on faster rate hikes, even as President Trump continues is public criticism of Fed Chair Jerome Powell.Oil prices rise as investors tweak prices into next week's OPE...Read More
Investing.com - Gold prices were virtually flat on Wednesday morning trade in Asia, with little investor activity and no clear catalysts to drive prices in either direction.Gold futures for February delivery were up 0.1% to $1,221.10 by 10:15PM ET (03:13AM GMT) on the Comex commodity exchange.Gold has been moving for almost two weeks within a relatively narrow range within a few dollars in either...Read More
CloseGain/LossGold $1223.90+$3.70Silver$14.30-$0.01XAU64.80-1.11%HUI146.40-1.00%GDM534.77-0.25%JSE Gold1124.07+16.97USD96.78-0.05Euro113.89+0.18Yen88.30+0.17Oil$51.45+$1.1610-Year3.029%-0.032T-Bond140.21875+0.28125Dow25338.84-0.11%Nasdaq7273.08-0.25%S&P2737.80-0.22% The Metals: Gold gained $8.70 to $1228.90 by late morning in New York before it drifted lower in afternoon...Read More
By Ira EpsteinHow to play metals going into the G-20 Meeting.https://www.iraepstein.com/ Read More
By Stefan GleasonOne of the greatest asset bubbles of all time appears to have just burst.It's not the stock market. Despite recent downside volatility amidst bubble-like valuations, so far stocks have merely entered a correction.Cryptocurrencies, on the other hand, have entered into a full-blown meltdown. Bitcoin will go down in history for its extraordinary rise from zero to a high of $19,783...Read More
By Frank HolmesMichael Robinson, chief technology strategist of Money Map Press, is a lot of things: devoted son and father, technologist, avid skier and gun enthusiast, accomplished blues guitarist, Pulitzer Prize nominee.Readers of his popular newsletters know him for his mantra, "The road to wealth is paved with tech." As editor of Strategic Tech Investor, Nova-X Report and Radical Technology...Read More
Dear Friend of GATA and Gold:Questions are asked to get answers, but refusals to answer may be enough to permit conclusions to be drawn and thus in effect constitute answers as well.With all these recent refusals to answer, who really cannot believe that governments and central banks long have been manipulating the gold market so they might control the currency markets and thereby defeat all mar...Read More
Powell spoke yesterday. The gold market considered his remarks as dovish. And the market is always right, isn't it? Just Below Neutral On Wednesday, Powell delivered a speech "The Federal Reserve's Framework for Monitoring Financial Stability" at The Economic Club of New York. The majority of analysts judged the speech as dovish. Why? The key reason was Powell's view that interest rates were c...Read More
Wednesday's monster rally was just the beginning of a surge that can end only when the last die-hard bear has thrown in the towel. Although the short-covering panic goosed stocks into the clouds, the wild-blue-yonder, blow-off phase lies just ahead. Hundreds of stocks, most crucially AAPL, lifted from the danger zone, shifting the herd's tiny, fevered brains from bearish to bullish in the space...Read More
- Brexit no-deal would lead to "worst crash since 1930s"- Gold rose 0.6% in dollars and 1.2% in pounds today- UK economy could contract by 8%, house prices fall 30%, sterling fall 25% warns Bank of England- Sterling collapse would push Irish economy into recession- Carney's doomsday scenario sees the crippling of UK finances, the pound crashing and inflation soaring- BOE accused of "Project Fe...Read More
Gold and silver have just have formed a short term bottom after comments from the Federal Reserve chairman that interest rates are "just below" neutral range. This implies that the pace of interest rate hikes (after December) will be slower next year. This is just the catalyst needed for gold and silver bulls. The US dollar index should form a long term top over the next two weeks. Physical dema...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More