The gold miners’ stockshave huge upside potential in 2018, likely the best among stock-marketsectors. They really lagged gold lastyear, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored anddeeply undervalued relative to the metal which drives their profits. And gold itself is likely to powerdramatically higher this year as euphoric...Read More
I keep reading articles claiming that inflation is nowhere to be found.If that is true, explain the following four charts.Copper has broken out of a 10-year downtrend. This chart suggests that Copper will be retesting its 2011 highs.Another inflationary industrial metal (steel) is posting a similar pattern.There is literally NOTHING bearish in that chart. The bear market in steel from 2010 onwards...Read More
The first trading days of2018 are confirming signs of renewed investor interest in the precious metalssector after a long period of malaise.Gold and silver markets entered theyear with some stealth momentum after quietly posting gains late in 2017. Goldfinished the year above $1,300/oz. – its best yearly close since 2012. Over the past five years,the yellow metal has been basing out in a ran...Read More
While the moniker for this missive is "Gold and Gold Miners", I just sit back in absolute AWE as the global equity investors (otherwise known as "Stock jockeys") have decided that "cash is TRASH!" and despite a massive "miss" in the employment numbers this morning, within seconds of the release, the spin doctors manning the equity trading desks deemed that number "bullish" because it is less infla...Read More
Our proprietary cycle indicator is up.To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.InvestorsDuring a major buy sign...Read More
By Trevor HunnicuttNEW YORK, Jan 5 (Reuters) - U.S. fund managers are ramping up efforts to tap into the fever surrounding digital assets, and the latest planned bitcoin products could deliver some head-turning and stomach-churning price movements if they come to market.The new idea is to build "leveraged" and "inverse" funds that would rise - or fall - twice as fast as the pri...Read More
CloseGain/LossOn WeekGold $1320.50-$1.40+1.33%Silver$17.20UNCH+1.53%XAU87.39-0.45%+2.49%HUI198.13-0.32%+3.03%GDM661.89-0.20%+1.73%JSE Gold1322.71+17.52+1.47%USD91.97+0.10-0.36%Euro120.42-0.26+0.32%Yen88.43-0.27-0.43%Oil$61.44-$0.57+1.69%10-Year2.477%+0.025+2.74%Bond151.9375-0.375-0.63%Dow25295.87+0.88%+2.33%Nasdaq7136.56+0.83%+3.38%S&P2743.15+0.70%+2.60% The Metals: Gold fell $5.70 to $131...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort241,42878,16060,048155,104332,704456,580470,912Change from Prior Reporting Period 38,83811,5182,405-36527,76640,87841,689Traders17086744552246183 Small Speculators LongShortOpen Interest 44,15129,819500,731 3,3832,57244,261 non reportable positionsChange from the previous reporti...Read More
- Critical hardware flaw breaks basic security: risks to online banking & digital assets- Nearly all computers worldwide, smartphones and other devices - exposed to major security risk- Two separate security flaws identified in devices powered by Intel, ARM and AMD chips- Vulnerability known about for six months by tech insiders- Cyber crime represents the biggest transfer of economic wealth in...Read More
Gold rose despite some better than expected US December private ADP numbers. The US dollar is still on the weaker side against the euro and sterling. This is the best chance for gold to rise to the $1400-$1430 zone and for silver to test $2000. FOMC minutes preventing a gold price fall is very positive for bullion in the near term. Investors know that the chances of a quicker interest rate hike...Read More
The Peruvian government might have to deal with more mining-related social protests in 2018, says a risk brief published today by Verisk Maplecroft.According to the firm, if 2017 saw several projects slowing down or stopping due to the 171 formally registered conflicts that took place throughout the country, the approval of the supreme decree 042-2017 in December, which relaxes the environmental p...Read More
Jan 6 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS8-JanFranceAuction of BTF Treasury notes8-JanNetherlands DTC auction9-JanUnited States Sale of 3-year notes9-JanUnited KingdomAuction of 1 1/4 % Treasury Gilt 20279-JanNetherlands DSL auction 10-JanUnited States Sale of 10-year notes 10-J...Read More
Jan 6 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is fileddaily. ** Indicates new events ----------------------------------------------------------- SATURDAY, JANUARY 6 PHILADELPHIA - Bank of England Chief Economist Andy Haldane: Chairing panel s...Read More
LA PAZ, Jan 5 (Reuters) - Bolivia's consumer price index ended 2017 at 2.7 percent, below the government's target of 4.3 percent due to lower food costs, the National Statistics Institute said on Friday.December inflation was 0.34 percent. The South American nation ended 2016 with inflation of 4 percent.(Reporting by Daniel Ramos; editing by Diane Craft) Disclaimer: The views expressed in this ar...Read More
The Trump administration plans to make nearly all offshore federal waters available to oil and gas drillers in the biggest proposed lease plan ever. It's uncertain whether drillers have much interest in Pacific and Atlantic ocean regions that haven't been explored in decades, analysts and industry insiders say. Drillers face major infrastructure investment costs, logistical challenges and politic...Read More
Mr. Nelson Baker reportsMINERAL MOUNTAIN CLOSES FINAL TRANCHE OF PRIVATE PLACEMENTSubject to acceptance for filing of the final documentation by the TSX Venture Exchange, Mineral Mountain Resources Ltd. has closed the final tranche of its non-brokered unit private placement announced previously on Oct. 24, 2017, and has issued 3,326,000 units of the company at a price of 20 cents per unit to raise...Read More
The U.S. Army Corps of Engineers has accepted Pebble Limited Partnership's wetlands-fill permit, which is required under the Clean Water Act and which is also a key authorization in the permitting process for the controversial Pebble project in Alaska.Pebble Limited Partnership is a subsidiary of Vancouver-based Northern Dynasty Minerals Ltd. (TSX: NDM). For over a decade now, the company has been...Read More
(Corrects fourth paragraph to reflect it is the strongest first four trading days to a year since 2003 for the Dow and 2006 for the S&P and Nasdaq)* World shares continue push higher* U.S. Treasury yields up after U.S. jobs report* Zinc prices highest in decade By Stephanie KellyNEW YORK, Jan 5 (Reuters) - World stocks continued their strong start to 2018, with both the S&P and Nasdaq po...Read More
Big cap diversified miners are riding a wave of optimism as global growth prospects - especially in manufacturing - continues to strengthen. Global economic activity as measured by the JP Morgan global manufacturing and services index showed output rising at the fastest pace since March 2015.The manufacturing index has now signalled expansion for a record 82 months in a row and the investment...Read More
Mr. Nigel Lees reportsSAGE GOLD CLAVOS GOLD MINE UPDATESage Gold Inc. has provided an update on the bulk sampling program at its 100-per-cent-owned Clavos mine in Timmins, Ont., and plans to optimize the existing mine plan and update the mineral resource estimate.To date, the company has completed three mill runs between October and December, 2017, as part of its bulk sampling program, yielding ap...Read More