Dear Investor,While most traders have been watching the S&P, oil plunged 18% in October. In the process, crude broke below a key long-term trendline. You know what that means: It's an exciting potential opportunity. That's why we've got an exciting free event starting Tuesday, Nov. 6. We call it our Energy FreePass event, where we unlock our trader-focused Energy Pro Service for 3 days. It's f...Read More
USDX’s Friday’s close was its highest weekly closingprices of 2018. This is an extremely significant confirmation of the bullishoutlook for the US currency that followed the verification of the breakoutabove the inverse head-and-shoulders pattern. The implications are clearly bullishfor the US dollar. But are they clearly bearish for gold? The yellow metalended the week close to its Oc...Read More
Are you considering hiring a financial advisor? The reasons for doing so can include:You no longer have time to manage your investmentsYour returns fall far short of what you had hopedYou want a knowledgeable person who will provide a detached unemotional perspectiveThere's no shortage of financial planners, insurance agents, and stock brokers who are more than happy to assume the role.Where do yo...Read More
Last December, Congress passed the largest U.S. tax system overhaul in more than 30 years - a $1.5 trillion tax cut, but America's middle class will see less than a quarter of the savings under the legislation.In 2018, middle-income households - those earning $20,000-$100,000 - will see a tax cut of about $930 on average.Just about half of American adults live in middle-class households, down from...Read More
The American people executed their civic responsibilities yesterday... and the latest "most important elections ever" have been decided.The long-anticipated "blue wave" broke upon a red reef... and lost its oomph.Instead a "purple wash" came lapping ashore last evening.Democrats seized command of the House. Requiring 23 seats, they collared at least 26... and may extend their lead once all votes a...Read More
As contentious as the US midterm elections were, there was never a scenario in which they mattered. Any possible configuration of Republicans and Democrats in the House and Senate would have yielded pretty much the same economy going forward: Ever-higher debt, upward trending interest rates and (through the combination of those two) rising volatility.So with the sideshow now in the rear view mirro...Read More
"Some of you may have heard about the Saudi journalist and dissident Jamal Khashoggi,. He went into the consulate and he was immediately strangledContinue...Read More
Dear Investor,While most traders have been watching the S&P, oil plunged 18% in October. In the process, crude broke below a key long-term trendline. You know what that means: It's an exciting potential opportunity. That's why we've got an exciting free event starting Tuesday, Nov. 6. We call it our Energy FreePass event, where we unlock our trader-focused Energy Pro Service for 3 days. It's f...Read More
USDX’s Friday’s close was its highest weekly closingprices of 2018. This is an extremely significant confirmation of the bullishoutlook for the US currency that followed the verification of the breakoutabove the inverse head-and-shoulders pattern. The implications are clearly bullishfor the US dollar. But are they clearly bearish for gold? The yellow metalended the week close to its Oc...Read More
WASHINGTON (Reuters) - Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives on Tuesday, Fox News and NBC News projected, giving Democrats the opportunity to block Trump's agenda and open his administration to intense scrutiny.In midterm elections two years after he won the White House, Trump and his fellow Republicans were set to...Read More
(Kitco News)- B2Gold Corp. (TSX: BTO,NYSE American: BTG, NSX: B2G), which bills itself as the newest senior goldproducer, late Tuesday reported a sharply higher adjusted profit in the thirdquarter as output soared from a year ago after the opening of the Fekola Minein Mali in 2017.The company generatedadjusted net income of $45 million, or a nickel per share, compared to $14million, or a penny, a...Read More
(Kitco News)- Pan American Silver Corp.(Nasdaq: PAAS, TSX: PAAS), the world’s second-largest primary silver producer,late Tuesday reported that it flipped to a loss in the third quarter, hurt bylower metals prices and their impact on “net realizable value” inventory adjustments.The adjusted loss was listedat $4.7 million, or 3 cents per share, impacted by approximately $23.4 mill...Read More
(Kitco News)- IamgoldCorp. (TSX: IMG; NYSE: IAG) late Tuesday reported a loss for the third quarteras revenues came in lower than in the same period a year ago, with bothproduction and gold prices weaker but costs higher.Thecompany listed an adjusted net loss $6.9 million, or a penny per share,compared to adjusted net earnings of $33.7 million, or 7 cents, in the sameperiod of 2017. The net loss w...Read More
John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing.Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.Hugh Son | Dan ManganPublished 4 Hours AgoUpdated4 Hours AgoCNBC.com Scott Mlyn...Read More
John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing.Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.Hugh Son | Dan ManganPublished3:30PM ET Tue,6 Nov 2018Updated9 Hours AgoCNBC.com...Read More
CARACAS (Reuters) - Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.Source: ZeroHedgeVenezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicol...Read More
COMEX FUTURES REPORT - Happy Kali PujaGold and silver should break free from the recent consolidation phase and form a new range. Copper and crude oil will be very volatile. I prefer to stay away from intraday trades in crude oil. No one knows what will be the effect on crude prices due to Iran sanctions. Risk traders should invest in crude oil for the year end with a stop loss below $58.30. T...Read More
Mr. Sean Roosen reportsOSISKO REPORTS THIRD QUARTER 2018 RESULTSOsisko Gold Royalties Ltd. has released its consolidated financial results for the third quarter ended Sept. 30, 2018, and provided an update on matters following quarter-end. HighlightsEarned 20,006 gold equivalent ounces1 ("GEOs"), for year to date total GEOs of 60,548. Total 2018 annual GEOs is forecast to be in-line with the previ...Read More
Mr. Sean Roosen reportsOSISKO DECLARES 17TH CONSECUTIVE QUARTERLY DIVIDENDOsisko Gold Royalties Ltd. will pay a fourth quarter 2018 dividend of five cents per common share. The dividend will be paid on Jan. 15, 2019, to shareholders of record as of the close of business on Dec. 31, 2018. For shareholders residing in the United States, the U.S.-dollar equivalent will be determined based on the dail...Read More
DUESSELDORF, Germany (Reuters) - Friedrich Merz, chairman of the German arm of BlackRock (BLK.N), the world’s biggest fund manager, said he had ordered the fund’s management board to fully investigate all incidents involving so-called cum ex transactions and cooperate with prosecutors.Merz spoke at a political event in the northwestern German city of Duesseldorf, hours after a source f...Read More