RAPAPORT... Shares in Titan Company rose after the retailer reported growthin revenue and profit in the second fiscal quarter. Sales jumped 28% to INR 45.95 billion ($630.2 million) inthe three months ending September 30, while profit climbed 8% to INR 3.01billion ($41.3 million), the Indian company said last week. Jewelry sales grew29% to INR 35.8236.45billion ($491.3499.9million) during the...Read More
Following the election, the press has been in search of common ground.The problem is it is looking for it in the wrong way.There is a lot of talk about infrastructure being a prime target for bipartisan compromise.I don't buy it. At least not the way it is being presented, and not the infrastructure being talked about.Here is why: Infrastructure is being discussed by both parties, and the end goal...Read More
Silverjust moved to its 2018 bottom. Not somewhat above it, not relatively close toit – silver’s Friday’s close of $14.14 equals the previous lowest closing priceof 2018 that was formed on September 14th. That’s not yet abreakdown, but the implications are severe. Silver’sMove to the 2018 Bottom Silver’sdecline means breakdowns (on big volume) below the October...Read More
In the past two years, crude oil has steadilyadvanced, supported by global recovery. But in just 10 days, oil has posted thelongest losing streak since mid-1984 – thanks to overcapacity and the Trumptrade wars. Half ayear ago, crude oil prices were expected to climb from $53 per barrel in 2017to $65 per barrel by the year-end and to remain around that level through 2019.By mid-October, crude...Read More
Our research team warned of this move in Crude Oil back on October 7, 2018. At that time, we warned that Oil may follow a historical price pattern, moving dramatically lower and that lows near $65 may become the ultimate bottom for that move. Here we are with a price below that level and many are asking “where will it go from here?”. We believe the support near $65, althoug...Read More
That's the scenario outlined by ASX-listed ioneer, formerly Global Geoscience, in the much-anticipated prefeasibility study for its Rhyolite Ridge lithium-boron project in Nevada, released late last month.Potentially more impressive to a market still trying to recover its risk appetite is that the economics remain robust at levels well below those at which lithium currently trades.ioneer has ridde...Read More
RIP Stan Lee...China had an extremely exuberant session overnight with CHINEXT (China's small cap/tech index) exploding almost 3.5% higher...Read full newsRead More
Two miles below Earth's surface, scientists found animal life in a South African gold mine. They wonder: If life can exist there, could it exist on Mars?Read full newsRead More
(Kitco News) - It takes three times as much energy to produce one dollar’s worth of bitcoin than one dollar’s worth of gold, according to a new research study.More specifically, it requires seventeen megajoules of energy to digitally mine one dollar's worth of bitcoin versus five megajoules needed to physically mine the same value in gold, said the report titled ‘Quantification O...Read More
(Kitco News) - It takes three times as much energy to produce one dollar’s worth of bitcoin than one dollar’s worth of gold, according to a new research study.More specifically, it requires seventeen megajoules of energy to digitally mine one dollar's worth of bitcoin versus five megajoules needed to physically mine the same value in gold, said the report titled ‘Quantification O...Read More
"Stay tuned to @ArcticStarExpl - This could be Finlands premier diamond play -right in the same crater as the grib! https://t.co/zjgIWY6yBz#ArcticStar $ADD $ADD.CA $ADD.V #Finland #Diamond #Mining #smallcap #momentumstocksUnderstanding diamond clarity: https://t.co/NV5KdhHdvj"Read full newsRead More
CloseGain/LossGold $1201.50-$8.40Silver$14.01-$0.16XAU62.65-2.36%HUI140.33-2.15%GDM519.17-2.03%JSE Gold1096.10-2.01USD97.59+0.69Euro112.21-1.18Yen87.97-0.06Oil$59.93-$0.2610-Year3.184%-0.006T-Bond138.53125+0.625Dow25387.18-2.32%Nasdaq7200.87-2.78%S&P2726.22-1.97% The Metals: Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new session low of $1200.70...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
According to research released yesterday, small-scale gold mining has led to the destruction of more than 170,000 acres of primary rainforest in the Peruvian Amazon over the past five years. Scientists based in Peru's Madre de Dios region at Wake Forest University's Center for Amazonian Scientific Innovation (CINCIA) say they've developed a new method for [...]Read full newsRead More
WASHINGTON (Reuters) - The U.S. Commerce Department has submitted draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, two administration officials said.The “Section 232” recommendations on ensuring a healthy U.S. auto industry are undergoing an interagency review proces...Read More
Jessica Resnick-AultNEW YORK (Reuters) - U.S. crude prices fell for the 11th consecutive session, the most on record since the contract began trading, retreating from a rally early in the session as U.S. President Donald Trump said he hoped there would be no oil output reductions.Trump’s comment followed remarks from Saudi Arabia’s energy minister saying OPEC was considering cutting su...Read More
Ann SaphirIDAHO FALLS, Idaho (Reuters) - With the U.S. economy at or beyond full employment and inflation likely to rise slightly above a 2 percent goal over the next year, the Federal Reserve should continue to raise rates gradually, its newest policymaker said Monday — but not necessarily next month.“My modal forecast is for two to three (rate hikes) over the next period of time, wit...Read More
(Kitco News) - With the U.S. midterm election and the latest Federal Reserve decision out of the way, gold analysts are now switching focus to the U.S. dollar and global macro data releases— the two biggest triggers that could impact gold in the short-term, according to TD Securities.Gold saw another setback on Monday, with the December Comex gold futures tumbling from above $1,220 to around...Read More
(Kitco News) - With the U.S. midterm election and the latest Federal Reserve decision out of the way, gold analysts are now switching focus to the U.S. dollar and global macro data releases— the two biggest triggers that could impact gold in the short-term, according to TD Securities.Gold saw another setback on Monday, with the December Comex gold futures tumbling from above $1,220 to around...Read More