A trifecta of factors will keep the yellow metal's price elevated higher for the remainder of the year, according to Continue...Read More
A CIBC report reviewed the Q3/18 numbers for this gold and silver producer. In an Oct. 12, research note, analyst Cosmos Chiu described SSR Mining Inc.'s (SSRM:NASDAQ) Q3/18 results as "strong," due to "solid" operating performance at Marigold and Seabee and initial production at Chinchillas. "Overall, the company delivered another solid quarter of operational results and remains one of our Top...Read More
A member of the 15-man hit team suspected in the murder of Saudi journalist Jamal Khashoggi has died in a car accident back in Saudi ArabiaContinue...Read More
CloseGain/LossGold $1225.10+$1.30Silver$14.57-$0.06XAU70.05+0.28%HUI155.48+0.16%GDM556.39+0.27%JSE Gold1198.81+8.42USD95.97+0.39Euro114.59-0.46Yen89.37+0.02Oil$68.65-$1.1010-Year3.182%-0.009T-Bond138.00+0.09375Dow25379.45-1.27%Nasdaq7485.14-2.06%S&P2768.78-1.44% The Metals: Gold dipped $5.10 to $1218.70 in Asia, but it then chopped back higher in London and New York and e...Read More
Gold miners completed the inversehead-and-shoulders pattern – it’s now a fact. And many analysts would have onebelieve that it’s the only fact that matters right now or that it’s of majorimportance. But just like focusing on one tree can make one miss the entireforest behind it, the above could make the entire precious metals outlookappear different than it really is. There...Read More
When the market, represented by SPDR Gold Trust (NYSEARCA:GLD), broke down below 117.40, and then followed below the next support in the 114 region, we were hyper-focused on the 109 region. Thus far, that is where GLD has bottomed out (in overnight action). From there, we were expecting a rally, and the market has not disappointed.For the last two weeks, I have been outlining how the metals comple...Read More
CloseGain/LossGold $1225.10+$1.30Silver$14.57-$0.06XAU70.05+0.28%HUI155.48+0.16%GDM556.39+0.27%JSE Gold1198.81+8.42USD95.97+0.39Euro114.59-0.46Yen89.37+0.02Oil$68.65-$1.1010-Year3.182%-0.009T-Bond138.00+0.09375Dow25379.45-1.27%Nasdaq7485.14-2.06%S&P2768.78-1.44% The Metals: Gold dipped $5.10 to $1218.70 in Asia, but it then chopped back higher in London and New York and e...Read More
By Ira EpsteinGold shines while other metals break. https://www.iraepstein.com/ Read More
Source: Michael J. Ballanger for Streetwise Reports 10/17/2018 Precious metals expert Michael Ballanger discusses the bullish set-up for gold and why he believes this time is different. -->For the first time in months, Fido the Wonder Dog has been in my office and at the foot of my bed 24/7 for the past few days giving me great solace that the current advance in precious metals prices is he...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his.Predicting the end of the world, physical or financial, is seldom helpful. If the prediction is correct, how do you profit from the insight? If the prediction is wrong and the "end of the world" is delayed (typical), you lose credibility.An estimate of risk versus reward based on an analysis of current information is...Read More
When it goes up, prices go down. It's going up... By Adam TaggartThis is a revisitation of a report I wrote back in late 2016, predicting the imminent end of zero-bound interest rates and warning of the downward pressure that rising rates, mathematically, must place on today's elevated asset prices.Since the publication of that report, interest rates have indeed vaulted higher. Look at how the...Read More
"Policy would need to become modestly restrictive for a time." This is the key quote from the recent FOMC minutes. This is not a reason for gold's joy. Fed Is Becoming More Hawkish Yesterday, the Fed released minutes from the recent FOMC meeting. As everyone knows, the Committee hiked interest rates by another 25 basis points in September. But what about the future stance? Well, the minutes si...Read More
By Avi GilburtFor many years, I have been a staunch bull. In fact, many commenters and contributors on Seeking Alpha and MarketWatch were quite vocal regarding how they thought I was crazy back in 2016 for expecting the market to go from 1800 to over 2600SPX, and potentially up through 3000. Needless to say, many of them remained bearish throughout that rally. When many were extremely bearish i...Read More
- Do you own gold in the safest way possible?- Do you own gold via an exchange traded fund, a digital gold provider or another form of pooled gold?- Have you ever thought about how you would sell or access your gold if the internet went down or if your gold provider became compromised or un-contactable?- In this episode of the Goldnomics Podcast, we discuss how Direct Access Gold ensures liqu...Read More
CloseGain/LossGold $1225.10+$1.30Silver$14.57-$0.06XAU70.05+0.28%HUI155.48+0.16%GDM556.39+0.27%JSE Gold1198.81+8.42USD95.97+0.39Euro114.59-0.46Yen89.37+0.02Oil$68.65-$1.1010-Year3.182%-0.009T-Bond138.00+0.09375Dow25379.45-1.27%Nasdaq7485.14-2.06%S&P2768.78-1.44% The Metals: Gold dipped $5.10 to $1218.70 in Asia, but it then chopped back higher in London and New York and e...Read More
Melee weakand prices softening as rupee depreciation (-8% in three months to INR 73.53/$1on Oct. 18) impacts Indian demand. Threat of undisclosed synthetics alsoinfluencing jewelers to avoid melee inventory. US orders and memo for 0.70 to1.99 ct. diamonds supporting the market. Sears files for bankruptcy,highlighting need for retailers to innovate, improve in-store and onlinecustomer engagement, a...Read More
Drop in sentiment amid rupee depreciation and Surat bankruptcy rumors.Small-scale manufacturers under pressure as domestic demand for under-0.25 ct. goodsdeclines. Steady US interest in SI-I1 diamonds. Fewer foreign dealers in themarket than during last week's Bharat Diamond Bourse buying event. Jewelerscautious ahead of Diwali festival as weak rupee inflates gold prices. RoundRead More
RAPAPORT... Three major Las Vegas trade shows have joined forces to holdtheir 2019 exhibitions at the same location to make attendance easier forbuyers. The American Gem Trade Association (AGTA) Gem Fair, the LasVegas Antique Jewelry and Watch Show, and Premier will all take place atthe Las Vegas Convention Center (LVCC) from May 30 to June 3, the organizers ofthe events said Wednesday. Visit...Read More
RAPAPORT... Christie's is set to auction a 24-carat diamond necklace thatMarilyn Monroe wore for the premiere of her 1953 movie Gentlemen Prefer Blondes.The fancy-yellow, VS2-clarity Moon of Baroda - which originated from the famous Galcondamine that also produced the Hope Diamond - is estimated at $500,000 to$750,000. Christie's will also auction an autographed photo of the actressweari...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) has expanded its collaborationwith Alibaba by introducing sales directly to Chinese consumers. Israeli diamonds will be available as loose stones on Ali Auction, the Asian e-commercegiant's luxury platform, the IDE said Wednesday. The bourse will launch theventure at the inaugural China International Import Expo in Shanghai in earlyNovember. The n...Read More