Gold is rolling sideways around $1,210, having rallied off the key rising trendline support yesterday. The metal could rise well above the immediate resistance of $1,212 if the US retail sales miss estimates by a big margin. Gold's sharp recovery from the recent low of $1,196 has neutralized the immediate bearish outlook. Notably, the strong rebound from the trendline connecting the Aug.16 a...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More
I perused Tesla's Q3 10-Q and scrutinized the footnotes to figure out, to the extent possible, where Tesla manipulated GAAP accounting standards and outright "cooked" its numbers. Before I had a chance to analyze the 10-Q, others had already posted their findings on Twitter or in Seeking Alpha articles. In the analysis below, I've double-checked and confirmed the findings presented by others. In a...Read More
Drilling at Nexus Gold's Rakounga exploration permit in Burkina Faso. West Africa. Source: Nexus Gold Corp.Nexus Gold Corp. [NXS-TSXV; NXXGF-OTC] said Thursday November 15 that it has struck a deal with company director Warren Robb to acquire the a gold-copper exploration property in the Bridge River Mining Camp, approximately 180 km north of Vancouver, British Columbia.Robb is also the company's...Read More
The processing plant for Endeavour Mining's Hound?(C) Mine in Burkina Faso, West Africa. Source: Endeavour Mining Corp.Endeavour Mining Corp. [EDV-TSX; EDVMF-OTCQX] on Thursday November 15 announced a significant maiden resource estimate for the previously announced Kari Pump discovery at its flagship Hound?(C) Mine in Burkina Faso, West Africa.Kari Pump's one million ounce maiden indicated resour...Read More
I'm not going to lie...While I'm not a gambler, and I've never had much use for Las Vegas, Sin City does have one thing I absolutely love...A 24-hour drive-thru cannabis dispensary.It's called NuWu Cannabis Marketplace. And it was a sight for sore eyes after I landed at McCarran International at 10:30 p.m., having been up for nearly 20 hours.My Uber driver took me there first before driving me to...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
By Ira EpsteinCould this be where a bounce in gold starts that has some legs to it?https://www.iraepstein.com/ Read More
By Daniel R. Amerman, CFAMartin Feldstein, who was chairman of the Council of Economic Advisors under President Reagan and is currently a Harvard professor, wrote an extraordinary editorial in the Wall Street Journal in which he strongly advocated that the Federal Reserve pursue policies that would: 1) continue to raise interest rates; and 2) thereby pop asset bubbles in the stock and commercial...Read More
By Frank HolmesIf you've run into difficulties lately finding the best gold stocks to invest in, you're not alone. Sentiment has been down. But there are still some very attractive opportunities out there in the goldfields, one of which I want to share with you.First, a quick recap: The price of gold tested support of $1,200 an ounce on Monday as the U.S. dollar strengthened to a 16-month high,...Read More
Highlights Rob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system.The missing $21 trillion dollars (size of US National Debt) in government funds, is possibly held by the exchange stabilization fund (PPT). One likely use for the missing funds could involve the purchase of new US Bond issuance's, given the few foreign purchases of US d...Read More
TSX Venture Exchange: BSK Frankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCFVANCOUVER , Nov. 15, 2018 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF, "Blue Sky" or the "Company") is pleased to report high grades of uranium and vanadium in initial pit samples located a kilometre west of the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo Grande...Read More
By RambusBefore we look at tonight's charts I would like to take a minute to discuss trading the three X leveraged etf's. Leveraged etf's aren't for everyone as they can be very volatile. These instruments are for those that can take a bigger risk and still come out OK when they go against you. For the average investor a 1 X leveraged etf is all they can handle and that should be fine. When you...Read More
By Avi GilburtThere were several developments in the gold market last week. First, we heard of another trader who has pleaded guilty to "manipulating" the metals market. And, everyone is up in arms again about how gold was manipulated to drop from $1,921 to $1,040 during 2011-2015.And, yes, they are all again saying "ah ha - you see, we were right."But, as I have said so many times before, what...Read More
China has developed tremendously in recent years. But what's next? Is the country entering the growth recession? And how it will affect the world and the gold market? A New Chapter in China We have not analyzed the publications of the World Gold Council for a while. Let's make it up, starting with the newest edition of Gold Investor. The report is about China and its remarkable transformation...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May's UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from ?923 to ?947 per ounce in sterling terms.The pound slumped the most in more than...Read More