The markets plunged last week, and investors were flocking to hedge against a market downturn. In times of uncertainty, gold is a proven safe haven for investors. This makes sense, as gold and market crashes are negatively correlated. Need proof? From May 10, 2011, to October 3, 2011, the S&P lost 19% of its value, while gold gained 9.4%. During the last financial crisis, the S&P lost 5...Read More
Full Article/Video: You Want a Gold Rally? you're Going to Get it.By: Doug CaseyFor gold investors patiently awaiting a gold rally, Doug Casey's right-hand man says the time has come. "This is exactly the time, that something unrelated sets off a gold rally. The charts say it's time and the gold/silver ratio says its time, but it's not going to come from where you think, it's going to come from le...Read More
By Frank HolmesStrengths? The best performing metal this week was gold, up 2.50 percent. Gold traders are the most bullish they've been since January 26, according to Bloomberg's weekly survey. Gold is headed for its largest gain in five weeks after the Fed projected three interest rate hikes in 2018, easing concern that they would be more aggressive with four rate hikes for the...Read More
In a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes-as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation.I forecast then that we could see another "Fed rally" this year following the rate hi...Read More
Gold continues upward on the trend reversal following the 2016 election.The outlook for increasing deficits and debt is bullish for the precious metal.Geopolitical risks are rising as Trump replaces administration diplomats with "hard-liners".Meantime, China's new yuan based oil futures contract could put more pressure on the American "petrodollar". Source: APMEX The outloo...Read More
CloseGain/LossGold $1352.90+$7.20Silver$16.69+$0.16XAU82.50+1.22%HUI178.97+1.19%GDM626.21+1.46%JSE Gold1129.86-1.40USD89.05-0.40Euro124.54+0.98Yen95.00-0.70Oil$65.55-$0.3310-Year2.846%+0.034T-Bond144.5625-0.15625Dow24202.60+2.84%Nasdaq7220.54+3.26%S&P2658.55+2.72% The Metals: Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into th...Read More
(Kitco News) - The only investment traders can safely bet on going up is gold, said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.“What’s going up? One thing — gold. And silver. That’s what we would expect to happen. It’s impossible to tighten monetary policy with the situation the [Fed] left us in,” Eric Sprott said during Sprott M...Read More
Via The Startup Societies Foundation“Everything that can be invented has been invented.”– Charles H. Duell, 1899“We will never make a 32 bit operating system.”– Bill Gates, 1989Do these quotes seem silly in retrospect? No doubt. However, there exists seemingly bulletproof wisdom of the ages that recent developments may end up overturning:“Financial advice?...Read More
Tesla is scrambling.BMW and Volkswagen are following suit.And the "Apple Effect" is swinging into full force.Just after Apple announced it was in talks to secure its future supply of cobalt, Samsung has said it is pursuing its own negotiations with a mining company in the Democratic Republic of the Congo (DRC).It's going to pay a hefty price for it, too.Now that cobalt is considered a "strategic m...Read More
One of the first comments about the economy from Larry Kudlow after his appointment as Trump's chief "economic" advisor was to advise anyone listening to "sell gold." But why? Gold is irrelevant in the United States. Very few Americans care about silver and even less care about gold. So why bring attention headline attention to gold?The simple, if not obvious, answer is that gold is the...Read More
Technical analyst Brian Hoffman gives his advice on eight precious metals mining stocks and an exchange traded fund that tracks the share price movements of the big precious metals miners. North American stock markets have continued to move higher. Although they're overbought from a technical perspective, the continued flight of overseas capital to the perceived safety of North American stocks, co...Read More
(Kitco News)- Silver prices are suffering from lackluster investor demand, and one research firm is warningthat industry demand could be weaker than many are expected, especially withinthe solar sector.Ina report Thursday, Simona Gambarini, commodities economist at CapitalEconomics, said that her firm is maintaining its bearish forecast on silver,looking for the price to end the year at $15.50 an...Read More
A report made public today by the Associated Press reveals that an internal accounting of the claims submitted to the EPA in connection to the Gold King mine spill appears to be off by $100 million.Under an open records request, AP obtained a spreadsheet from the U.S. Environmental Protection Agency that shows that the claims for economic losses and personal injuries from the 2015 spill totalled m...Read More
Why Coal Prices Could Double this Year... and How To Profit from the SurgeWelcome to the Coal Bull Market.Coal, whose surging price has outpaced crude oil and natural gas, could double this year.When heavy rains and flooding cripple two million metric tons of thermal coal production at an Ensham mine in Queensland, Australia, coal prices go nuts. But when crippling China snowstorms, floods in Quee...Read More
By Frank HolmesAs our loyal readers know, at U.S. Global Investors we carefully monitor the price of gold. We pay close attention to the macro drivers moving the yellow metal, like government policy and cultural affinity spurring demand globally. We also monitor the micro drivers, like company management and quant factors that make one gold stock superior to the next.Gold's qualities make it one...Read More
Posted: Mar 12, 2018JK: Discovery Watch Mar 12, 2018 with Jim Goddard and John KaiserPublished: Mar 12, 2018HSC: Discovery Watch Mar 12, 2018: Old vs New Guard at ColoradoDiscovery Watch is a weekly 15-20 minute audio show sponsored by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with interesting exploration plays that have caught John's attention. The projects wi...Read More
By Frank HolmesStrengths? The best performing metal this week was silver, up 0.43 percent as hedge funds cut their bearish outlook. After mostly bearish opinions last week, gold traders are leaning more bullish this week on the yellow metal's performance. BullionVault's Gold Investor Index rose last month to 54.1, up from 52.7 the prior month, when it was at the lowest level sinc...Read More
Image: Codelco via FlickrWhen Richard Adkerson, boss of Freeport-McMoRan, presented to the BMO Capital Markets conference in Florida last month he showed a slide headlined World class copper discoveries are extremely rare.Adkerson said the Phoenix-based company has been putting these graphs in investor slide decks "for years".Only one project - Oyu Tolgoi's underground expansion - will crack the t...Read More
Researchers from Fudan University and the University of Science and Technology of China tried curing blindness using gold and titanium.In a study published in Nature Communications, the researchers explain how they replaced mice's deteriorated photoreceptors - sensory structures in eyes that respond to light - with artificial ones made with titanium dioxide and gold nanowires.To prove what at the...Read More
(Kitco News) - London’s $6.8 trillion-a-year gold market is ready for change, according to a Reuters report, which states that the city’s clearing house — the London Precious Metals Clearing Limited (LPMCL) — is making it easier for others to join.The LPMCL operates the London’s electronic clearing system, which is responsible for clearing and settling all bullion tra...Read More