High quality emeralds recovered from Fura's Coscuez Mine in Colombia. Photos courtesy Fura Gems Inc.When Princess Eugenie wore an emerald tiara at the latest royal wedding on October 13, 2018, she briefly highlighted an aspect of mining that doesn't get much attention.Hoping that will change is Dev Shetty, President and CEO of Fura Gems Inc. [FURA-TSXV; FUGMF-OTC; BJ43-FRA], a company that is focu...Read More
B2Gold's Fekola gold mine in Mali, West Africa. Source: B2Gold Corp.B2Gold Corp. [BTO-TSX; BTG-NYSE] shares have rallied sharply in recent days as investors anticipate better than expected production numbers in 2018 following an impressive third quarter.On October 10, 2018, the day before the company announced its production results for the third quarter, B2Gold shares opened at $3.08. By Octobe...Read More
Vancouver, BC - Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) provides further analytical results from the 2018 exploration drill program at the Forrest Kerr Property. Three holes totalling 1,153 meters have been completed in the newly discovered South Boundary Zone 1.5 km south of the strong precious metal mineralization delineated at the North Boundary Zone. These holes r...Read More
TORONTO - Canada's main stock index pushed higher in late-morning trading, helped by a broad-based rally led by the key energy sector, while U.S. stock markets surged higher.The S&P/TSX composite index was up 94.71 points at 15,504.18.In New York, the Dow Jones industrial average was up 317.67 points at 25,568.22. The S&P 500 index was up 33.30 points at 2,784.09, while the Nasdaq composite was up...Read More
The Dow Jones Industrial Average (DJIA) fell some 1,500 points since hitting new highs last week.As you can see by the chart, we are well above both the 200-day and 100-day moving averages. The chart shows a double top with support around 23,700. That's another 1,500 points lower.And if that fails, we could give up 4,000 points.The MACD is still above the zero line, which means the market isn't ov...Read More
Calidus Resources (ASX: CAI) is a gold exploration company, which controls the high-grade, near-surface, 712,000-ounce Warrawoona Gold Project, in the East Pilbara district of the Pilbara Goldfield, in Western Australia. We learned from David Reeves, Managing Director of Calidus Resources, that they currently have three rigs turning on their Warrawoona Gold Project, with the aim of extending known...Read More
Middle Island Resources Limited (ASX: MDI) is a gold exploration and aspiring development company focused on Western Australia. We learned from Rick Yeates, managing director of Middle Island Resources, that they are focused on a single project called the Sandstone gold project located about 400 km northwest of Kalgoorlie in the heart of the Western Australian goldfields. The project is 100% owned...Read More
CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest...Read More
By Ira EpsteinGold might pullback a bit as Risk On mentality in stocks takes hold.https://www.iraepstein.com/ Read More
Source: Michael Ballanger for Streetwise Reports 10/14/2018 Precious metals expert Michael Ballanger discusses the stock market volatility of the last week and what it may mean for precious metals. -->When asked about the dominant theme for the markets last January, I said that the one thing I looked forward to was a return of "VOLATILITY" as the Federal Reserve Board moved to "normalize" t...Read More
Graceland UpdatesBy Stewart Thomson 1. With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed. What comes next for these key markets and what are the main factors at play?2. Please click here now. Double click to enlarge this daily gold chart.3. What began innocently as a bullish non-confirmation be...Read More
As a general rule, the most successful man in life is the man who has the best information By Richard (Rick) Mills The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Iran nuclear agreement, known formally as t...Read More
SPX continued losses. CPI slowed down. IMF cut its projection of global growth. What does it all imply for the gold market? Stock Market Turmoil Continues Let's start from the US stock market. In the last edition of the Gold News Monitor, we discussed the Wednesday's stock market turmoil. But the bear market continued later. On Thursday, the SPX extended its losses, declining about 2 percent....Read More
COLORADO SPRINGS, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold, 321,590 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operatio...Read More
By Avi GilburtI am certain of death. I am certain of taxes. And, I am certain of tax reform. (Sorry, that was an old tax attorney joke.)However, non-linear financial markets never lend themselves to certainty. Rather, the best we can do is look for clues that provide us with high-probability perspectives. That is what I use Elliott Wave analysis to do, in addition to supporting sentiment reading...Read More
By Frank HolmesAccording to the 2018 edition of the Stock Trader's Almanac, October has been a "great" time to buy. Once ranked last in terms of stock performance, the 10th month has delivered relatively average returns since 1950. What makes it so attractive is that it's followed by November and December, historically among the very best months for stocks. We're also entering the three most bul...Read More
Stock market bulls could catch a break if the retracement in Treasury yields continues for a while. The chart shows yields on the Ten-Year Note to have peaked last week at 3.25%. The correction has since hit 3.12% and could conceivably go lower. Although my rally target at 3.32% lies significantly above, that target comes from the weekly chart, and charts of lesser degree look maxed out for th...Read More
(Reuters) - Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983."We have a really exciting announcement coming this Thursday, learn more about it here...""While the exchang...Read More
Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More
Anya Parampil reports on new numbers released by the US Treasury Department which show the federal deficit ballooned to $779 billion during President Trump's first fiscal year in office. Tax cuts for the wealthy and soaring military spending are blamed for the increase. Anya is joined by Walter Smolarek, Organizer at the Answer Coalition, and Peter Schiff, CEO of Euro Pacific Capital, to reflect o...Read More