By: Stewart Thomson 1. There's a time for gold stocks to rally... and a time for consolidation and retracement. Please click here now. We have joy, we have fun, we have gold price seasonality in the sun?2. To view seasonality on the daily gold chart, please click here now. Double-click to enlarge.3. The COMEX price of gold is determined mainly by commercial bank traders an...Read More
Jordan Roy-Byrne CMT, MFTAStop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let...Read More
By: Ira EpsteinGold bias is down, bouncing around here:Read More
The slides for the PowerPoint presentation accompanying these remarks can be found here:http://gata.org/files/GATA-HongKong-Slides-04-02-2019.pdf* * *[SLIDE 1: Introduction]Remarks by Chris Powell, Secretary/TreasurerGold Anti-Trust Action Committee Inc.Mines and Money Asia ConferenceHong Kong Convention and Exhibition CentreTuesday, April 2, 2019Mining Investment Asia ConferenceInterContinental...Read More
The timing of Lyft's IPO last week could not have been better for Wall Street insiders, since they will have an opportunity to unload their shares into a veritable orgy of greed and ignorance. The stock market looks unstoppable at the moment, and it is making Lyft's $24 billion valuation seem somehow less absurd. Just four months ago, when shares were in the throes of what many of us mistook fo...Read More
US-China trade deal will only a temporary stop gap fix for global economy. Eurozone wants greater access to China. China will try to balance US and Eurozone as it will never want its large population to be used as a dumping ground. The trade between USA-China and Eurozone-China are not addressing long term key thorny trade issues. American politicians and Eurozone politicians want to use China f...Read More
BHP has estimated an initial production reduction of 6 million-8 million tonnes of iron ore on a full-capacity basis due to damage caused by a cyclone that hit Western Australia last month.Isolated flooding at BHP's Western Australia Iron Ore (WAIO) site and along sections of the rail line leading into Port Hedland has limited train transportation and other operations at the port, the miner s...Read More
China's domestic rebar prices picked up some strength on Tuesday April 2 on gains in the futures market and good demand, though export offers fell with mills attempting to secure more orders from abroad. Domestic Eastern China (Shanghai): 3,850-3,900 yuan ($574-581) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,860-3,900 yuan per tonne, up 20 yuan per tonneGains in the futures market...Read More
For Part 1 of the interview, CLICK HEREJim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/yield...Question 1. William L: Barron's saying that the threat of a yield curve is over?Question 2. Ben P: Is it possible the melt up is actually a bull trap?Question 3. Gang: Why do "experts" say there's an everything-bubble with nowhere to hide your wealth, and then in the same interview say you should have no more than 20% of your...Read More
It's make or break time in the markets cautions Sven Henrick, technical analyst and lead market strategist for Northman Trader.His weekly flurry of trendline charts warn that the major indexes have been compressing in rising wedges that increasingly point to a binary outcome: either a massive new leg up that will result in the market making new all time highs, or a bad breakdown that could waterfa...Read More
Click here for the full transcript: http://financialrepressionauthority.c...Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to...Read More
The law also bans high-capacity magazines, such as those used in the popular ar-15 rifleContinue...Read More
"University police determined today they will be charging two of the students with interference with the peaceful conduct of an educational institution, a misdemeanor," Arizona President Robert RobbinsContinue...Read More
OK, let me see if I have this right: the stock market is soaring because the economy is softening, so the Federal Reserve panicked and went from raising rates to considering cutting rates.Continue...Read More
As US equity markets continue to soar, manufacturing numbers look good and residential construction numbers look smoking hot, why exactly is the president's economic...Continue...Read More
Toronto-based Kirkland Lake Gold has filed an updated 43-101 resource report for its Macassa gold mine in the town of Kirkland Lake. The report includes resources at Dec. 31 ,2018.Two important zones - Main/04 break and South mine complex - are detailed. The Main/'04 break has 775,000 measured and indicated tonnes averaging 17.9 g/t gold and containing 447,000 oz. The South mine complex has 1.0 mi...Read More
This is the second post in a week on Chicago's epic financial train wreck. That's a lot of attention and it probably won't happen again, given the target-rich world we live in.Continue...Read More
It doesn't appear last Friday's strong warning from national security adviser John Bolton for countries "external to the Western Hemisphere" to keep their militariesContinue...Read More
Hecla Mining Co., headquartered in Coeur d'Alene, Idaho, has filed an updated resource estimate for the Casa Berardi gold mine 95 km north of La Sarre, in the Abitibi region.Using a gold price of $1,200 per ounce, Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold. The largest increases occurred in the proposed west mine crown pillar and principal pits.Proven and probable re...Read More