South African miner Gold Fields (NYSE, JSE:GFI) revealed Thursday the biggest union at its massive, but struggling South Deep mine is going on strike on Friday over the company's planned job cuts, which Chief Executive Officer Nick Holland has called a "last-gasp measure."The gold miner is axing about 1,100 jobs, almost third of the workforce at the mine - its only one left in South Africa - a...Read More
South African miner Gold Fields (NYSE, JSE:GFI) revealed Thursday the biggest union at its massive, but struggling South Deep mine is going on strike on Friday over the company's planned job cuts, which Chief Executive Officer Nick Holland has called a "last-gasp measure."The gold miner is axing about 1,100 jobs, almost third of the workforce at the mine - its only one left in South Africa - a...Read More
Gold and silver are historically undervalued, in inflation adjusted terms, since 1970.Gold ounces per capita is trading below 1950s numbers which means there is less available physical ounces per person now than almost 70 years ago.Bond and stock market weakness are pointing to a recession. Crashes in both markets will likely be needed to break the spot price speculative nonsense which drives curr...Read More
ANKARA, Nov 1 (Reuters) - Turkey's Treasury said on Thursdayit expected 2019 domestic borrowing to increase to 153.9 billionlira ($27.56 billion) from 132.4 this year, and to boost itsexternal borrowing to 45.1 billion lira ($8.08 billion).Domestic debt was seen at 164.6 billion lira, while externaldebt service was seen at 60.2 billion lira for 2019, theTreasury said in a statement. It also said i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Wednesday, posting its best two-day rally in more than two years, as the blue chip index closed out a tough month that saw the index fall about 5%.Facebook Inc. (FB) rose 3.8% after the social media giant posted quarterly earnings that beat Wall Street estimates. General Motors Co. (GM) &nb...Read More
The Wednesday Market Minute Global stocks look to close out a brutal October on a high note, with investors snapping up beaten-down shares despite lingering headline risks related to U.S.-China trade, rising interest rates and weakening corporate earnings.Asia shares were supported by central bank action in Japan and China, with the former trimming its near-term inflation forecast and the latter...Read More
Bob Moriarty ArchivesNov 1, 2018Iintroduced Benchmark Metals to my readers just a week ago and they continue to deliver. The company’s main project is in the Golden Triangle that continues to attract investor attention even in an especially boring market for resources. For most companies I fear little or no action until tax loss selling has once again passed. That’s another six weeks....Read More
CloseGain/LossGold $1233.20+$16.30Silver$14.74+$0.46XAU67.19+4.52%HUI149.73+4.84%GDM544.52+3.60%JSE Gold1139.52-24.28USD96.27-0.74Euro114.11+0.86Yen88.87+0.25Oil$63.69-$1.6210-Year3.139%-0.008T-Bond138.50+0.375Dow25380.74+1.06%Nasdaq7434.06+1.75%S&P2740.37+1.06% The Metals: Gold climbed steadily higher throughout most of world trade and ended near its midafternoon New Yor...Read More
By Ira EpsteinChina and the US talk which caused gold to rally.https://www.iraepstein.com/ Read More
By Dave KranzlerOne of the proprietors of StockBoardAsset.com tweeted about two weeks ago wondering when the stock market was going to start pricing in a slow-down in the economy. To that I responded by pointing out that the DJ Home Construction index is starting to price in a housing market crash. Residential construction + all economic activity connected to selling and financing existing homes...Read More
By Frank HolmesAs the stock market bull potentially nears the end of its run and we head into the last two months of 2018, many investors are making adjustments to their portfolios. Over the course of my travels and in conversations with other industry experts, I'm constantly reminded the importance of: 1) understanding the difference between investing and speculating, and 2) understanding ris...Read More
Gold has once again fallen into a rut, dropping moderately for three consecutive days. This has occurred with the December contract having failed by $8 to achieve a $1254.10 rally target I'd flagged. The futures have since made a tentative bottom 0.60 above the $1212.80 correction target where I'd suggested bottom-fishing. We narrowly missed catching the $5.40 rally that ensued, but will it ge...Read More
In our latest video update, we consider the performance of markets in a volatile October. Stock markets globally fell sharply while gold acted as a hedge in all currencies, rising 1.7% in dollars, 4.4% in euro terms and 4.2% in sterling terms.Stocks Fall Sharply in OctoberThe S&P 500 is just short of a 10% decline from its record September high and remains on pace for the worst month since 2009....Read More
As gold and silver are consolidating, the mining sector is going into an interesting change. Young people are coming into the mining sector and new technologies are being brought in. Neumeyer does not believe central banks can afford to take rates much higher. Over the next couple years, he expects the Fed to cut rates which will be bullish for gold. The gold/silver price ratio is about 85/1. Neum...Read More
@Target Why is this WHITE boy pictured wearing a BLACK PANTHER costume on your website? This is BLACK ERASURE! POC finally have a super hero of their own, and you disrespect them by using a white person to promote the costume? SHAMEFUL! BOYCOTT!Continue...Read More
Last week, while on the campaign trail stumping for Republicans prior to the midterm elections on Nov 6, Trump touted a new tax cut plan for the middle class to the tune of 10 percent.Continue...Read More
New, economically viable deposits of lithium, nickel, cobalt and other metals required for lithium-ion batteries have never been so greatly in demand, notes Kris Kottmeier of The Venture Letter. He profiles one company that he believes is poised to benefit from this demand. Marifil Mines Ltd. (MFM:TSX.V; MFMLF:OTCQB) caught our eye and made us sit up to pay close attention. The company is listed...Read More
This Canadian company's most recent findings demonstrate the potential of its Mexico project. Goldplay Exploration Ltd. (GPLY:TSX.V; GLYZF:OTCQB) just announced high-grade silver-lead-zinc-gold mineralization from sampling of a re-opened historical tunnel at San Marcial. Results include 13 meters at 1,048 grams per ton silver equivalent (Ag eq).Marcio Fonseca, Goldplay's president and CEO noted,...Read More