Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday as volatility ripped through markets for a second day. The S&P 500 has closed lower for six straight days.The Nasdaq declined into correction teritorry on Thursday, a day after the tech-heavy index had its biggest percentage drop since June...Read More
VIDEO: Coral Gold Resources (TSX.V: CLH; OTCQX: CLHRF) has emerged from a Nevada-based gold exploration company into a royalty company. Barrick Gold is now drilling the Robertson property in search of the extension from the world class Pipeline and Cortez properties located along trend to the south. An open-pit heap leach resource of over 2 million ounces has been outlined, but the big upside...Read More
Jack ChanPosted Oct 11, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation remains at multi decade low.Speculation remains at multi decade low.A potential bottoming pattern is now in progress.SummaryLong-term – on sell signal.Short-term – on buy...Read More
The Thursday Market Minute Wall Street futures point to a heavy opening bell decline Thursday, with the Dow set for a 150 point slump following the biggest single-day decline for U.S. Stocks in at least eight months.Softer-than-expected September CPI reading helped U.S. stocks pare pre-market declines, with annual inflation now measured at a 2.3% clip.European and Asia markets sold off shar...Read More
Gold Stocks? Just let investors sell their gold shares if they want to! Wise and prudent advice? Three weeks ago I was speaking to a very successful and exceptionally wealthy investor whom I have known for many years. He has made substantial profits by investing in gold and gold mining stocks-including the small cap "juniors." As well, he was and has always been a "bottom fisher" i...Read More
Investing.com - Gold prices extended gains on Thursday on safe-haven demand after global markets tumbled. A weaker dollar was also cited as supportive.Gold futures for December delivery were up $3.30, or 0.3%, at $1,196.8 a troy ounce by 1:20AM ET (05:20 GMT). “Investors might start to look for alternative investments to equities, as factors such as high country debt levels and emerging infl...Read More
Bob Moriarty ArchivesOct 12, 2018I was looking for a gold and resource shares rally starting in the Jun/July timeframe followed by a Sept/Oct crash in the general market. I suggested investors cash up in the rally with anticipation of picking up some low hanging fruit in the crash.The price of gold hit a low on August 15th as the DSI touched a low of only 6 for gold and 7 for silver marking an ext...Read More
CloseGain/LossOn WeekGold $1218.00-$4.70+1.24%Silver$14.61+$0.06-0.14%XAU69.28-0.99%+5.79%HUI153.30-0.59%+6.88%GDM550.27+0.04%+6.05%JSE Gold1154.31-1.65+10.59%USD95.28+0.26-0.36%Euro115.59-0.39+0.30%Yen89.18-0.03+1.43%Oil$71.34+$0.37-4.04%10-Year3.153%+0.009-2.66%Bond138.46875-0.375+0.93%Dow25339.99+1.15%-4.19%Nasdaq7496.89+2.29%-3.74%S&P2767.13+1.42%-4.10% The Metals: Go...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort179,746217,92163,757174,309148,443417,812430,121Change from Prior Reporting Period -12,7443,60915,1284,938-12,0537,3226,684Traders172103755654260203 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,44135,132465,253 -1,845-1,2075,477 non reportable positionsChange f...Read More
By David Brady, CFA Gold has finally caught a bid this week and is up to its highest level since July 31. The fact that the U.S. and China appear to have agreed on a meeting between Trump and Xi on trade issues at the next G20, coupled with the U.S. treasury's decision not to label China a currency manipulator, was likely the biggest factor in Gold's rise yesterday. It may be seeing some safe ha...Read More
The lofty stock markets suffered a sharp selloff this week that may prove a major inflection point. There was one lone sector that bucked the heavy selling to surge in the carnage, the gold miners' stocks. They are the last cheap sector in these bubble-valued stock markets, long overlooked and neglected. Wildly undervalued today, the gold stocks have great potential to soar dramatically ev...Read More
VANCOUVER, British Columbia, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), ("Golden Arrow" or the "Company"), is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna"), has reported the third quarter 2018 production results for Puna's Chinchillas silver-zinc-lead deposit in Argentina.In their ne...Read More
By Steve St. AngeloTo the surprise of many investors, the precious metals have rallied while the broader markets continue to sell-off. Currently, both gold and silver are solidly in the green while the major indexes were all the red following a huge sell-off yesterday. The Dow Jones Index has lost nearly 1,000 points in the past two days while the gold price is up nearly $25.However, even th...Read More
By Avi GilburtIt seems the pundits have lost their way. The reasons for the market moves have now confounded most market participants and pundits to such an extent, and they are stretching so far to provide a reason for a market move, that we have moved from the ridiculous to the sublime.In the last several years I have outlined how the market has completely ignored the dozens of negative geopol...Read More
We know, it's just a symbol. But it's a powerful symbol of the most severe recession since the Great Depression. Yup, it's another article about the Lehman Brothers' collapse. But we really invite you to read it, as we thoroughly analyze the impact on that bankruptcy on the price of the yellow metal. You will also find out what can we learn from the 2008 banking crisis for the gold market. Ten...Read More
News, Commentary, Charts and Videos You May Have MissedHere is our Friday digest of the important news, commentary, charts and videos we were informed by this week.Market jitters and volatility have returned this week and the sell-off in US government bonds led to sharp falls on Wall Street centered on the very overvalued tech sector and the NASDAQ.(Bloomberg)Gold is 1.3% higher for the week as...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Stocks are selling off. Could this be the beginning of the end? Legendary investor Jim Rogers talks to Silver Doctors.How bad will the next crash be? Stocks will fall over 50%, he says, just as it has in previous bear markets. He predicts the next crisis will be the worst in his lifetime.While gold and silver have held up well during the sell-off over the last couple days, Rogers says the precious...Read More
"This is going to be a sequel to 2008."Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More