As a way of raising awareness and interest in the mining industry among junior high and high school students in Nova Scotia, Canada, a provincial industry group is offering over C$8,000 in cash prizes to kids with some basic video skills.The Mining ROCKS! contest, now in its fifth year, hopes to inspire children to learn about the industry, get creative and win big, Sean Kirby, executive directo...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Gold slipped on Friday as the U.S. dollar regained some ground on the back of strong American jobs data, putting the metal on track for its first weekly loss in five weeks.Spot gold was down 0.03 percent at $1,232.40 per ounce. The bullion was down 0.1 percent this week.U.S. gold futures settled down $5.3, or 0.43 percent, at $1,233.30.The dollar ind...Read More
* Holdings in SPDR Gold Trust rise * Platinum hits fresh high since June 27 * U.S. jobs report due at 1230 GMT (Updates prices)By Eileen SorengBENGALURU, Nov 2 (Reuters) - Gold prices on Friday held onto gains from the previous session as investors remainedcautious ahead of a U.S. jobs report, which could provide clueson the pace of further interest rate hikes.Spot gold was flat at $1,232.81 per o...Read More
Nov 2 (Reuters) - U.S. President Donald Trump wants to reachan agreement with Chinese President Xi Jinping at the Group of20 nations summit in Argentina later this month, Bloombergreported on Friday, citing four people familiar with the matter.Trump has asked key U.S. officials to begin draftingpotential terms, Bloomberg said, addingthat the push for a possible deal with china was prompted by hist...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose for a third day in a row Thursday, building on a strong two-day rally that closed out a tough October for the blue-chip index. The Dow fell 5.1% last month.DowDuPont Inc. (DWDP) rose 8% after the chemicals company earned 74 cents a share in the third quarter, beating forecasts by 3 cents.&n...Read More
The Thursday Market Minute Global stocks were mixed Thursday as investors gingerly returned to risk markets following the worst month for equities in at least two years amid lingering concerns over U.S.-China trade, rising interest rates and slowing economic growth.U.S. tech stocks are likely to remain in focus today after the biggest monthly decline for the Nasdaq in nearly 10 years and ahead o...Read More
Bob Moriarty ArchivesNov 2, 2018Nexus announced some drill results a week ago that may have confused investors. The results were actually quite good. But they will be announcing a lot more drill results shortly and when they do investors will have far more of a chance to judge the company.I've been to Burkina Faso 3-4 times [I used to bring giraffes back for Barb] and it is one of the better count...Read More
CloseGain/LossOn WeekGold $1233.10-$0.10-0.07%Silver$14.75+$0.01+0.34%XAU67.19UNCH+3.10%HUI149.44-0.20%+3.31%GDM546.24+0.37%+2.92%JSE Gold1133.17-6.35-6.63%USD96.45+0.18+0.10%Euro113.95-0.16-0.22%Yen88.41-0.46-1.13%Oil$63.14-$0.55-4.03%10-Year3.215%+0.076+4.42%Bond137.15625-1.28125-1.59%Dow25270.83-0.43%+2.36%Nasdaq7356.99-1.04%+2.65%S&P2723.06-0.63%+2.42% The Metals: Gol...Read More
By Ira EpsteinGold will react to how Tuesday night election results come in.https://www.iraepstein.com/ Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort168,754155,56091,460165,857197,062426,071444,082Change from Prior Reporting Period -23,824-7,63017,5102,443-12,872-3,871-2,992Traders17593885651274194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,87030,859474,941 980101-2,891 non reportable positionsChange fr...Read More
By Peter Degraaf The Price of Gold appears to have bottomed, after declining since 2011. Here is a look at the weekly trend. Gold has carved out an ABC bottom, (C above A followed by a rise above B). The breakout at the blue arrow overcame six months of resistance. Price is now tackling the 200 week moving average at the green arrow. This chart courtesy Bloomberg.com shows the number...Read More
A very significant, very loud, very nasty warning signal has been given. It is extremely important for those who choose to live in the world of reality, and not the fantasy world from the US financial markets. The Reich theme of sluggish economic recovery is a total lie, since the recession which began in 2006 has repeated each and every year since then. The deception is derived from the wrong (...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Dr. Chris Martenson of PeakProsperity.com, and author of the book Prosper! How to Prepare for the Future and Create a World Worth Inheriting. Chris is a commentator on a range of important topics such as global economics, financial markets, governmental policy, precious metals and the importance of prepar...Read More
Episode 9: Fall Of Empires: Rome vs USAEpisode 10: American Bread & Circus Read More
The gold miners' stocks suffered a rough late summer this year. A rare forced capitulation walloped them to deep new lows, short-circuiting their usual autumn rally. That's left this sector anomalously low as the subsequent winter rally gets underway, gold stocks' strongest seasonal surge of the year. Starting from beaten-down levels after skipping the prior seasonal rally gives gold stock...Read More
By David Brady, CFAGold remains stuck in a range, but has begun testing that range recently. On the downside, it broke 1219 support on Wednesday, the prior double bottom, and then stalled at 1214. On the upside, it hit 1246 on Monday, and following Wednesday's visit to 1214 it jumped back up towards 1240 yesterday. With 1251 being the 38.2% Fibonacci retracement of the entire decline from 1360 t...Read More
The "public pension crisis" is the kind of subject that's easy to over-analyze, in part because there are so many different examples of bad behavior out there and in part because the aggregate damage these entities will do when they start blowing up is immense. But most people see pensions as essentially an accounting issue - and therefore boring - so it doesn't pay to go back to this particular...Read More
By Nathan McDonaldThe trend is your friend and in this case, the trend comes tinged with a yellowish hue. As I have been highlighting recently, Central Banks around the world are finally waking up to the harsh reality that is our current geopolitical and financial situation. On the surface, things appear to be healthy, things appear to be running along smoothly, but as soon as you scrap even an...Read More
By Jordan Roy-Byrne CMT, MFTA It has been a rough year for gold stock investors. Since Gold failed to break to the upside and the US Dollar bottomed, gold stocks have been in a strong downtrend. In September they hit two and a half year lows. The oversold condition since then has been corrected but that rebound has been quite weak. Evidence of that can be seen in the GDX advance decline (A...Read More
By Daniel R. Amerman, CFAHome buyers in every city and state have been benefiting from a powerful financial cycle for almost five years. Most people are not aware of this cycle, but it has lowered the average monthly mortgage payment for home buyers on a national basis by about $250 per month since the end of 2013.The interest rate cycle in question is one of "yield curve spread" expansion and c...Read More