* Dollar heads for biggest weekly drop in two months * U.S. payrolls eyed amid fears growth is slowing * Zinc cash to three spread near record highs (Adds closing prices/details)By Maytaal AngelLONDON, Dec 7 (Reuters) - Copper climbed more than 1 percenton Friday as the dollar looked set to record its biggest weeklydrop in two months, tempting buyers back to the metal after theprevious day's steep...Read More
Silver sits at just under the $14.45 level.Open interest takes a nose dive.$13.86 is just above the line in the sand on the downside.A recovery above $15 could set the stage for 2019.USLV on a dip with a stop below $13.50 on March silver.The silver market has been a real snoozer these days. Silver has a long history as a highly volatile commodity. When it starts to move higher or lower, it often...Read More
Shares in Condor Gold (LON:CNR) climbed over 10% Friday after it announced the Nicaraguan ministry of energy and mines had granted it the Las Cruces concession, which expands its La India gold project package by 45%.The 25-year exploration and exploitation concession covers an area of 142.6 km2, expanding the La India land package to 455.6 km2. Condor Gold's project now includes a total 11 adj...Read More
Published 21 Hours AgoUpdated4 Hours AgoReuters Getty ImagesGold prices hit a five-month peak on Friday and continued to trade close to that level as the dollar slid following weaker-than-expected U.S. jobs data that raised the possibility that the U.S. Federal Reserve might go slow on interest rate hikes next year.Spot gold was up 0.86 percent at $1,248.28 per ounce, having hit $1,245.60 per oun...Read More
Published 21 Hours AgoUpdated4 Hours AgoReuters Getty ImagesGold prices hit a five-month peak on Friday and continued to trade close to that level as the dollar slid following weaker-than-expected U.S. jobs data that raised the possibility that the U.S. Federal Reserve might go slow on interest rate hikes next year.Spot gold was up 0.86 percent at $1,248.28 per ounce, having hit $1,245.60 per oun...Read More
Gold one-month 25 delta risk reversals (XAU1MRR) rose to 0.75 yesterday – the highest level since Nov. 7 – up sharply from the previous day's print of 0.25. The positive number indicates the demand or implied volatility premium for gold calls is higher than that of puts. Simply put, the demand or value of the bullish bets increased sharply, validating the yellow metal's ju...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average slumped sharply Thursday after the arrest of a high-level Chinese business executive threatened to unravel the U.S. and China trade truce.Chipmakers with exposure to markets in China, such as Advanced Micro Devices Inc. (AMD) and Micron Technology Inc. (MU) , traded mixed Thursday.&nbs...Read More
The Thursday Market Minute Global stocks slide as investors worry the arrest of a key China business executive will unravel the recently-agreed trade truce between Washington & Beijing.Huawei CFO reportedly faces extradition from Canada for allegedly violating U.S. sanctions on IranEuropean stocks fall more than 2.2%, the most since the July 2016 Brexit vote, to a two year low as invest...Read More
(Kitco News) - 2019 will see the start of a new bull cycle for gold and push the metal up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming. "To make big money in this market, you have to see the cycles. Nothing changes. We've had three big cycles in gold since 2000 and we're about to have another one," Tucker told Kitco News. Tucker said that the next cycle peak c...Read More
CloseGain/LossOn WeekGold $1248.40+$10.10+2.19%Silver$14.63+$0.25+3.25%XAU67.94+2.40%+5.40%HUI153.93+2.58%+6.13%GDM560.05+2.34%+5.32%JSE Gold1201.13-0.09+9.31%USD96.60-0.14-0.61%Euro114.10+0.24+0.80%Yen88.80+0.01+0.67%Oil$52.61+$1.12+3.30%10-Year2.856%-0.031-4.86%Bond143.90625+0.34375+2.27%Dow24388.95-2.24%-4.50%Nasdaq6969.25-3.05%-4.93%S&P2633.08-2.33%-4.60% The Metals: ...Read More
By Gary TanashianThe macro has moved through a time of moderately rising inflationary concerns when economies were cycling up, many commodities were firm and risk was 'on'. Contrary to the views of inflation-oriented gold bugs, that was not the time to buy gold stocks.As I have belabored again and again, the right time is when the inflation view is on the outs, gold is rising vs. stock markets,...Read More
By David Brady, CFAUntil the arrest of Huawei's CFO in Canada at the request of the U.S., I was becoming more neutral to bullish on Gold. The G20 meeting was a complete waste of time in that nothing really changed. There was no agreement on the substantive issues, and certainly not in writing. However, the Chinese followed up the meeting by confirming the 90-day deadline to meet commitments they...Read More
By Jordan Roy-Byrne CMT, MFTA In recent days we've seen the beginnings of an inversion in the yield curve. The 2-year yield and the 5-year yield have inverted but not yet the the 2-year yield and the 10-year yield, the curve that is watched most. However, "2s and 10s" as bond traders would say appear headed for an inversion very soon. We know that an inversion of the yield curve precedes a r...Read More
The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great beneficiary of this ominous st...Read More
By Marin KatusaI've been a professional speculator in the resource industry for almost two decades now.One year ago, I wrote a cautionary article on the cryptocurrency sector. I got more hate mail in my inbox that week than I had for any other article, "You're a moron", "This is the future" "You're crazy" etc...At the January 2018 VRIC, which is cohosted by Katusa Research and Cambridge House, I...Read More
There are two ways of looking at the intersection of debt and population. One way says that if debt is rising population should also rise to allow future workers to pay for the retirement of today's. More people thus make debt easier to manage. The other point of view is that debt and population soaring simultaneously creates a negative feedback loop that eventually destroys a culture. Today's L...Read More
Trade wars and lax fiscal policy are negative for the US dollar and positive for gold. Myth or fact? We invite you to read our today's article about the effects of Trump's actions on the greenback and find out whether weak dollar will save gold. Let's look at the chart below. As one can see, the greenback has been in a bull market since February 2018. Yup, the chart does not lie. The US Congre...Read More
The Dow Industrials reversed 700 points yesterday, turning a morning disaster into an afternoon wilding spree that has the potential to end the week on a bullish note. The rally was purely technical, beginning as it did a millimeter beneath an important low recorded on November 23 that had served as a 'structural' support. As is the case so much of the time, the downtrend had to penetrate the su...Read More
- As Brexit looms, the Central Bank of Ireland has refused to discuss the location and value of Irish gold reserves- No date given for removal of "commercially sensitive" gold reserves from Bank of England vaults- Bank of England vaults in London believed to hold almost EUR200 million of Irish gold- Ireland's financial system & economy is hugely exposed to a Brexit downturnvia Irish Independen...Read More
Keith Bronstein, commodities guru and president of TradeLink Holdings, LLC, calls in to discuss futures, interest rates and his latest big idea. 2:12 An opportunity in #eurodollar futures?9:50 No-bid futures and modern finance13:25 "Instability isn't considered instability when prices rise"20:01 Assessing the #Fed's next movesJames "Jim" Grant is an American writer and publisher and the founder of...Read More