Miner and commodities trader Glencore (LON:GLEN) said Wednesday it would pay shareholders $2.9bn in dividends after achieving what it called its "strongest results on record", which attributed mainly to a sharp recovery on commodity markets and a strong performance from its marketing unit.The 2017 results leave Ivan Glasenberg, the head of the Swiss company, well positioned to continue doing wh...Read More
Mr. Anthony Makuch reports KIRKLAND LAKE GOLD REPORTS STRONG GROWTH IN MINERAL RESERVES AND MINERAL RESOURCESKirkland Lake Gold Ltd. has provided updated mineral reserve and mineral resource estimates as at Dec. 31, 2017. Comparisons to previous Mineral Reserves and Mineral Resources are to estimates as at December 31, 2016, with the exception of the Fosterville mine, where comparisons are also ma...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Before Tuesday, the Dow Jones Industrial Average and S&P 500 had finished higher for six straight trading sessions.The Dow last week jumped 4.25%, the S&P 500 gained 4.30% and the Nasdaq climbed 5.31%.Walmart fell 10% on Tuesday after the company reported disappointing fourth-quarter earnings results. Wall Street Overview Stocks ...Read More
Wall Street futures slumped lower in early Tuesday trading as investors brace for nearly $260 billion in new debt auctions that could push bond yields higher and reignite a new round of volatility in global markets. Contracts tied to the Dow Jones Industrial Average fell more than 214 points from their Friday close , indicating a 185 point decline for the benchmark at the opening bell...Read More
Political dysfunction in the United States is at an all-time high.Republicans and Democrats are fighting pitched battles on immigration, Obamacare, tax cuts, regulation, infrastructure and just about every other major policy issue you can name. These fights are bitter, involve a lot of name-calling and show no signs of abating soon.The stakes could not be higher. These policy fights are a prelude...Read More
Our hold on reality dangles by a fraying thread… and the psychologist's couch awaits.The stock market is to blame.Consider…The recent correction was (at least in part) triggered by rising long-term interest rates.Yields on the 10-year Treasury nicked 2.88% on Feb. 5 - a whisker from the 3% red line many feared could send stocks on a merry fall.That is the point at which debt begins to...Read More
Buying the dip is suddenly back in fashion again just one week after stocks ripped off their lows.We're not surprised. After all, traders have tossed around the term "buy the dip" so much during this bull market that it has taken on a life of its own. The short saying has morphed into a cheesy market meme all the pundits trot out whenever stocks drop.Not sure what to do as the major averages get v...Read More
Barrick reported its fourth quarter and 2017 year results on February 18, 2017. The company delivered earnings that matched expectation.One crucial issue for the company is about the gold reserves which were revised down by 25% last year to 64.55 M Oz.I am confident that ABX is a good investment and I am prepared to accumulate on any weakness. Courtesy: Barrick Gold Investment Thesis Barrick Gold...Read More
Gold is close to a break to the upside.Mining stocks tend to magnify the performance of the yellow metal.NUGT is a day trading vehicle.JNUG is another way to approach gold on an intraday basis.Leveraged instruments are for the short-term.Gold volatility is picking up. In med-December 2018 the price of April gold futures fell to a low of $1242.70, and by January 25, the yellow metal had risen to a...Read More
Bob Moriarty ArchivesFeb 21, 2018 Novo shares are going to be on the sales rack from now until March 8th with about 3 million warrants at $.85 expiring then. It's perfectly normal for warrant holders to sell shares in order to exercise the warrants. For the past three weeks about 300,000 to 400,000 shares per day have traded on average. Selling warrant holders don't need to sell one share for each...Read More
CloseGain/LossGold $1324.50-$6.20Silver$16.48+$0.01XAU80.51-0.39%HUI178.65-0.19%GDM611.03-0.78%JSE Gold1147.05-5.55USD90.05+0.34Euro122.92-0.45Yen93.03-0.34Oil$61.68-$0.1110-Year2.936%+0.055T-Bond142.6875-1.1875Dow24797.78-0.67%Nasdaq7218.23-0.22%S&P2701.33-0.55% The Metals: Gold dropped $5.20 to $1325.50 in late Asian trade before it rallied up to $1332.90 in midmorning New York trade and...Read More
By Ira EpsteinGold at first up but then down off of FOMC Minutes. https://www.iraepstein.com/ Read More
*This speech was delivered at the Vancouver Resource Investment Conference on January 21-22, 2018Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitat...Read More
The "pension crisis" is one of those things - like flying cars and nuclear fusion - that's always coming but never arrives. But for pension funds reason it hasn't yet happened is also the reason that it will happen, and soon: The Risk Pension Funds Can't Escape(Wall Street Journal) - Public pension funds that lost hundreds of billions during the last financial crisis still face significant risk...Read More
Renown Swiss investor and publisher of "The Gloom, Boom and Doom Report" Dr. Marc Faber discusses the global markets, housing and bond bubbles, central bank manipulation, gold, Trump, the petroyuan, the New Silk Road and what a potential conflict between the U.S. and China might look like as old empires die and new ones are born.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in...Read More
Remember how mining stocks soared on Valentine's Day and how we wrote that a rally is not necessarily bullish? Guess what - this rally has been more than erased. Miners not only closed below the February 14th opening price, but also below the February 13th and 12th closing prices. Mining stocks big rally turned out to be nothing more than just a regular 50% retracement during a decline - somethi...Read More
By Dave KranzlerA colleague of mine pointed out that Trump has not been tweeting his flatulence about the economy recently. This thankful hiatus is after he just passed a tax cuts and a spending budget that is supposed to be stimulative. As it turns out, the economy is hitting the headwinds of marginally higher interest rates and a consumer that is bulging from the eyeballs with debt. W...Read More
Mike Maloney recently gave a speech at Anarchapulco titled: Freedom or Enslavement: The Crypto Revolution. In this video he summarizes his greatest hopes and fears for the the Bitcoin/blockchain area. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highl...Read More
By Stefan GleasonInvestors got lulled into a state of inflation complacency. Persistently low official inflation rates in recent years depressed bond yields along with risk premiums on all financial assets.That's changing in 2018. Five drivers of higher inflation rates are now starting to kick in.Inflation Driver #1: Rising CPIThe Consumer Price Index (CPI) is a notoriously flawed measure of inf...Read More
By Gary SavageThis video examines the current cyclical setup of both the US Dollar and gold and details specific time and price projections for each in the upcoming 4 weeks.https://blog.smartmoneytrackerpremium.com/ Read More