* Silver moves up from multi-year lows of previous session * Further gains likely if gold holds above $1,210 - analyst (Updates prices and adds comments)By Sumita LayekBENGALURU, Nov 15 (Reuters) - Gold held steady on Thursdayas opposition within Britain's Conservative Party to a draft EUexit deal hit sterling and lifted the dollar,making bullion less attractive for holders of other currencies.Spo...Read More
Gold hit lows in mid-August, and the recovery seems to be failing.The dollar is a bullish beast.Interest rates are rising, and other commodities are falling.Risk-off threatens the prices of all assets.DUST can turn to gold if December 2018 turns out to be the fourth consecutive year of a low.Gold was trading around its $1200 per ounce pivot point on the active month December futures contract on CO...Read More
Gold three-month 25 delta risk reversals (XAU1MRR) flipped to gold puts (bearish bets) for the first time since Oct. 10. It is currently trading at -0.125 in favor of gold puts as opposed to 0.875 in gold calls on Nov. 6. The investor sentiment has clearly turned bearish in the last eight days, adding credence to the drop in the metal's price from $1,236 to $1,200. At press time, the yellow me...Read More
* Sterling tumbles a cent after Brexit deal hopes crumble* Asia rose overnight on U.S.-China trade hopes * Oil nudges higher for second day after 12-day losingstreak* Dollar gets going after soft start, Wall Street seenedging high * Bunds rally, Italian bond yields dip as budget remains infocus By Marc JonesLONDON, Nov 15 (Reuters) - Sterling tumbled and the rest ofEurope's share markets groaned o...Read More
Gold is rolling sideways around $1,210, having rallied off the key rising trendline support yesterday. The metal could rise well above the immediate resistance of $1,212 if the US retail sales miss estimates by a big margin. Gold's sharp recovery from the recent low of $1,196 has neutralized the immediate bearish outlook. Notably, the strong rebound from the trendline connecting the Aug.16 a...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled on Wednesday, the fourth straight day of triple-digit losses for the blue-chip index. Apple Inc. (AAPL) and Goldman Sachs Group Inc. (GS) were the Dow's leading laggards.Macy's Inc. (M) fell 7% even after the retailer posted stronger-than-expected third-quarter earnings and raised...Read More
The Wednesday Market Minute Global stocks retreat as of the world's biggest economies shrink in the wake of world trade disputes and oil prices extend their longest losing streak on record.Brent oil has fallen more than 25% since its early October peak, and four-year high, as ramping U.S. production and waivers allowing for the sale of Iranian crude have hammered global prices.Japan and Ger...Read More
Gwen PrestonPosted Nov 14, 2018In a mixed metals market, one kind of discovery is generating outsized returns: high-grade gold in prolific regions.The Golden Triangle in northwest BC is one such region. From huge porphyries to world-class polymetallic systems to super high-grade gold deposits, the Golden Triangle has revealed a lot of metal over the years. And in recent years new roads and re...Read More
Today on TruNews, Gerald Celente, the founder of Trends Research Institute, joins the program to discuss how the world may be facing a new economic 9/11 through an explosion of global debt, rising oil prices, and a new world war. Gerald details why peace was a dirty word in the 2018 midterms, why the rise of nationalism in Europe means the beginning of the end of the EU, and how a new SWIFT financ...Read More
Martin LovePosted Nov 13, 2018An Iranian friend, a photographer known internationally for fine documentary work, asked plaintively last week when the U.S. might stop trying to sink Iran and Iranians. I had no ready answer, but the question was painful to hear because I could also hear concern, grief and empathy for others.No question the re-imposition of extreme sanctions is damaging, particularly...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
By Ira EpsteinCould this be where a bounce in gold starts that has some legs to it?https://www.iraepstein.com/ Read More
By Daniel R. Amerman, CFAMartin Feldstein, who was chairman of the Council of Economic Advisors under President Reagan and is currently a Harvard professor, wrote an extraordinary editorial in the Wall Street Journal in which he strongly advocated that the Federal Reserve pursue policies that would: 1) continue to raise interest rates; and 2) thereby pop asset bubbles in the stock and commercial...Read More
By Frank HolmesIf you've run into difficulties lately finding the best gold stocks to invest in, you're not alone. Sentiment has been down. But there are still some very attractive opportunities out there in the goldfields, one of which I want to share with you.First, a quick recap: The price of gold tested support of $1,200 an ounce on Monday as the U.S. dollar strengthened to a 16-month high,...Read More
Highlights Rob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system.The missing $21 trillion dollars (size of US National Debt) in government funds, is possibly held by the exchange stabilization fund (PPT). One likely use for the missing funds could involve the purchase of new US Bond issuance's, given the few foreign purchases of US d...Read More
TSX Venture Exchange: BSK Frankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCFVANCOUVER , Nov. 15, 2018 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF, "Blue Sky" or the "Company") is pleased to report high grades of uranium and vanadium in initial pit samples located a kilometre west of the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo Grande...Read More
By RambusBefore we look at tonight's charts I would like to take a minute to discuss trading the three X leveraged etf's. Leveraged etf's aren't for everyone as they can be very volatile. These instruments are for those that can take a bigger risk and still come out OK when they go against you. For the average investor a 1 X leveraged etf is all they can handle and that should be fine. When you...Read More
By Avi GilburtThere were several developments in the gold market last week. First, we heard of another trader who has pleaded guilty to "manipulating" the metals market. And, everyone is up in arms again about how gold was manipulated to drop from $1,921 to $1,040 during 2011-2015.And, yes, they are all again saying "ah ha - you see, we were right."But, as I have said so many times before, what...Read More