* Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Updates prices)LONDON, Nov 26 (Reuters) - The pound steadied on Mondayafter Britain sealed a deal with the European Union on quittingthe bloc, with the currency's gains curbed by doubts aboutwhether Prime Minister Theresa May can get the agreement througha divided parliament.With European leaders endorsing on Su...Read More
When his fellow miners winch him up from the hole in the desert, Keith Gushure is covered in mud.Gushure, 21, holds a pick and a hammer. For the past 18 hours he's been trying to chip, gouge and pry gold out of the 56-foot (17-meter) mine he helped dig, one of a series of deep pockmarks that dot the dry, flat landscape in Umguza, Zimbabwe, 230 miles (372 kilometers) southwest of the capital Harare...Read More
BTG has delivered strong financial and operational performance during Q3.Analysts' opinion and the technical chart also suggest more upside to the stock.A positive development in the Fekola mine indicates a potential increase in shareholder value.Increased FCFs are a support for the expansion of other mining properties.Thesis: During Q3 2018, B2Gold Corporation (BTG) reported revenue of ~$324...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold firmed on Monday, supported by uncertainty over the future pace of U.S. interest rate hikes and the outcome of the G20 summit later this week when political leaders will focus on global trade tensions.Spot gold was down...Read More
Despite the risk-off tone on Friday, gold dropped 0.4% to USD1223/oz. Gold is currently trading at $1222.41/oz with a high of $1224.79/oz and a low of 1222.17/oz. After rising from a low of $1196, the precious metal dropped on Friday despite there being a risk of mood with investors returning in the US from Thanksgiving Thursday for just half a day's trade on Wall Street. On ligh...Read More
Precious metals investors don't have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists for six or so months, sometimes it ends before the snows do. But either way it's more fun than the rest of the year. This pattern repeats because Asians like to give gold and si...Read More
By Avi GilburtI have been getting such a chuckle from the market of late.As the market made its way down to our 2600 target region towards the end of October, more and more market participants and analysts became more and more bearish. In fact, the bearishness was palpable as we approached 2600SPX.However, our analysis suggested that the market should bottom in the 2600SPX region, and begin a co...Read More
By John MauldinUnderstated ProblemEndless GuaranteesComorbid CrisesHouston, Puerto Rico, Cleveland, and Boca RatonThe selloff in GE is not an isolated event. More investment grade credits to follow. The slide and collapse in investment grade debt has begun... (and later) Don't be fooled by bond prices holding up, because trading volumes are down. There are fewer bids in the market, and the dispe...Read More
By Steve St. AngeloWhile the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price. Or rather, a basic minimum price level. I get a good laugh when I read analysts suggesting that the gold price will fall back to $450-$700. For the gold price to fall back to $450, then we would need to lose 95+% of global gold mine...Read More
By David MorganOil is the lifeblood of the industrialized nations and it has become the world's most important source of energy. Its products underpin modern society, mainly supplying energy to power industry, heat homes and provide fuel for vehicles and airplanes to carry goods and people all over the world.Learn more and become an insider for The Morgan Report, click link below...http://www.th...Read More
Friday's holiday-shortened session provided ample time for bulls to get their butts kicked. It's unusual to see stocks get whacked the day after Thanksgiving, but perhaps such occurrences will become the norm as this bear market unfolds. If it proves to be as extraordinary as the bull market that preceded it, we shouldn't be surprised to see bad days that are uglier than even old-timers can reme...Read More
One of the strangest things about this strangest-ever expansion has been the way pretty much everything went up. Stocks, bonds, real estate, art, oil - some of which have historically negative correlations with others all rose more-or-less in lock-step. And within asset classes, the big names behaved the same way, rising regardless of their relative valuation.This seemingly indiscriminate buyi...Read More
Say the wrong things and you might get kicked off of your favorite social media platform.Continue...Read More
Precious metals investors don't have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists for six or so months, sometimes it ends before the snows do. But either way it's more fun than the rest of the year. This pattern repeats because Asians like to give gold and si...Read More
By Avi GilburtI have been getting such a chuckle from the market of late.As the market made its way down to our 2600 target region towards the end of October, more and more market participants and analysts became more and more bearish. In fact, the bearishness was palpable as we approached 2600SPX.However, our analysis suggested that the market should bottom in the 2600SPX region, and begin a co...Read More
By John MauldinUnderstated ProblemEndless GuaranteesComorbid CrisesHouston, Puerto Rico, Cleveland, and Boca RatonThe selloff in GE is not an isolated event. More investment grade credits to follow. The slide and collapse in investment grade debt has begun... (and later) Don't be fooled by bond prices holding up, because trading volumes are down. There are fewer bids in the market, and the dispe...Read More
By Steve St. AngeloWhile the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price. Or rather, a basic minimum price level. I get a good laugh when I read analysts suggesting that the gold price will fall back to $450-$700. For the gold price to fall back to $450, then we would need to lose 95+% of global gold mine...Read More
By David MorganOil is the lifeblood of the industrialized nations and it has become the world's most important source of energy. Its products underpin modern society, mainly supplying energy to power industry, heat homes and provide fuel for vehicles and airplanes to carry goods and people all over the world.Learn more and become an insider for The Morgan Report, click link below...http://www.th...Read More
Friday's holiday-shortened session provided ample time for bulls to get their butts kicked. It's unusual to see stocks get whacked the day after Thanksgiving, but perhaps such occurrences will become the norm as this bear market unfolds. If it proves to be as extraordinary as the bull market that preceded it, we shouldn't be surprised to see bad days that are uglier than even old-timers can reme...Read More