We expect the US Dollar Index to rally backup to 92.00 levels.-Gold is overbought and due for a correction.A time for a consolidation is at hand. Dollar Rally? One the highlights in the news last week was the world economic forum in Davos. On Wednesday, the US dollar struck a weaker note on the basis of comments by the US Treasury Secretary Steven Mnuchin. He said, ahead of the central bank's poli...Read More
(Kitco News) - Gold remains under pressure as dollar buyers emerge. Lastweek, we suggested going flat near the 2016 double top at $1,365, with an expectation of a move to the $1,345 area.Recent jawboning by the President that the U.S. wants a stronger dollar and thereversal by Treasury Secretary Mnuchin, that he was not advocating a weakerdollar policy has encouraged dollar bears to cover. Th...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
We have been watching the marketstrade for over 38 years and occasionally get fooled by the patterns. The gold breakout last week failed and had a key reversal pattern, which indicates thetop is in. A key reversal occurs when markets make highs and close on theirlows. Gold was a little lower Friday.We are now short-term sellers;the rally has run out of steam and rallies should be sold for now. How...Read More
TorexGold Resources Inc. (TSX: TXG) reports that an “illegal blockade” by anexternal union has been removed at its El Limon-Guajes Mine Complex in Mexicoafter intervention by the governor of the Guerrero state. The company says itnow has access to the main plant access gate, accommodation facilities,security for the main plant site, and for the El Limon Pit, which had beenpreviously in...Read More
(Kitco News) - Gold and silver markets are moderately lower in early U.S. trading Monday. A firmerU.S. dollar index has prompted some more profit-taking from the shorter-termfutures traders after both markets last week hit 4.5-month highs. February Comex gold futures were last down $10.60 an ounce at $1,341.50. March Comex silver was last down $0.176 at $17.265 an ounce.Therewere no significant, m...Read More
• Surging US bond yields help revive USD demand. • Risk-off mood helps limit sharp downslide. • US economic data eyed for fresh impetus. Gold held with minor losses through the early European session and is currently placed near the lower end of its daily trading range, below $1350 level. The precious metal extended last w...Read More
Mr. Peeyush Varshney reportsCANADA ZINC METALS ANNOUNCES EXPANDED MINERAL RESOURCE ESTIMATE FOR THE CARDIAC CREEK DEPOSITCanada Zinc Metals Corp. has received an updated mineral resource estimate for the Cardiac Creek Zn-Pb-Ag (zinc-lead-silver) deposit on its 100-per-cent-owned Akie project. The new mineral resource estimate incorporated the results of eight new drill intercepts from the successf...Read More
Uranium Energy Corp 2018 Letter to ShareholdersCanada NewsWireCORPUS CHRISTI, TX, Jan. 29, 2018Read More
Bob Moriarty ArchivesJan 29, 2018If you owned Gold Canyon shares at the time First Mining took them over, you were issued 3.33 warrants in Irving for every 100 Gold Canyon Warrants you held.The warrants expire on the 5th of February. There are only 376,958 outstanding. They are exercisable at $.30 and Irving is a lot higher today.It’s found money so if you see Irving warrants in your account...Read More
CloseGain/LossGold $1342.00-$7.60Silver$17.18-$0.23XAU87.47-3.15%HUI195.77-3.73%GDM663.35-2.82%JSE Gold1300.17-12.92USD89.36+0.26Euro123.83-0.41Yen91.91-0.06Oil$65.56-$0.5810-Year2.691%+0.032T-Bond148.15625-0.59375Dow26439.48-0.67%Nasdaq7466.51-0.52%S&P2853.53-0.67% The Metals: Gold fell $11.70 to $1337.90 in late morning New York trade before it bounced back higher in the next few hours,...Read More
By Craig HemkeHmmm. I wonder how System Apologists like Moriarty, Christian, Hug and Weiner will try to spin this one?In order to get this information out as quickly as possible, we'll save the price implications for later. But just today I saw this posted at Silver Doctors. I only post it here as a demonstration of typical Apologist garbage: https://www.silverdoctors.com/gold/gold-news/keith-we...Read More
Source: Jack Chan for Streetwise Reports 01/29/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is up.Gold sector is on a long-term buy signal.Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal.Short-term signals can...Read More
Peter Schiff of Euro Pacific Capital explains why he thinks we're headed toward the biggest bear market in the dollar's history. Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investm...Read More
By Frank HolmesStrengths? The best performing metal this week was silver, up 1.68 percent. Gold traders remain bullish on the yellow metal for a third week on sustained dollar weakness, according to the Bloomberg weekly survey. The gold price heads toward its highest since August 2016, soaring above $1,350 this week.? Australia will be opening its first gold-bac...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff 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 York Times, Barron's, BusinessWee...Read More
John believes that when taking rising personal debt into consideration, the economy barely grew in Q4 of 2017. The savings rate has plunged to near record levels under Trump. The tax cut is also inflationary, interests rates are heading up and the Fed claims to be shrinking its balance sheet. And the dollar is sinking like a stone. If true, there could be major economic trouble ahead. John Rubino...Read More
By Graham SummersRates continue to rise, though stocks remain oblivious. The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.Now, cynics would ask, "why does this matter? The yield is at the same level as it was in 2009, 2010, 2011, 2013, and 2014."It matters because throughout this time period, corporates and governments were adding debt....Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The changes to US taxes that were approved late last year have drawn acclaim and criticism, but in most cases both those who view the tax changes positively and those who view the tax changes negatively are missing two important points.Most criticism of the tax changes boils down to one of three issues. The first is that the tax cuts favour the rich. This is true, but any meaningful tax cut wil...Read More