Jordan focuses on the gold stocks and their crash potential over the next few months. This is what happens before major bottoms in the sector.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor,...Read More
There's wildfires in California, disputed elections all over the map, and panic all over the place; will it lead to a Wall Street Meltdown? It's often said that stocks climb on a wall of worry. If that's the case then the market should be booming now. There's enough worries to go around all over. More and more people keep moving to geographically and financially dangerous areas, knowing that the g...Read More
Based the last few days' headlines you'd never know the world is in year 10 of a pretty good expansion. Check this out:Continue...Read More
Brian Sozzi is an editor-at-large at Yahoo Finance. Follow him on Twitter @BrianSozziContinue...Read More
In September, the electricity consumption was 5640 units; in November, the electricity consumption was 8130 units," Mou added, describing the runaway bill increases.Continue...Read More
Dan Weir, executive chairman of DNI Metals, speaks with Maurice Jackson of Proven and Probable about the personnel changes the company has made and its plans to obtain the environmental permits for the company's graphite projects in Madagascar. Maurice Jackson: Joining us for a conversation is Dan Weir, the executive chairman of DNI Metals Inc. (DNI:CSE; DMNKF:OTC), which is establishing itself t...Read More
Bart Jaworski, CEO of Group Eleven Resources, talks with Maurice Jackson of Proven and Probable about his company's exploration efforts in Ireland.Maurice Jackson: Joining us today is Bart Jaworski, the CEO and director of Group Eleven Resources Corp. (ZNG:TSX.V; GRLVF:OTCQB), which is known for advanced stage zinc exploration in Ireland. Mr. Jaworski, for someone new to the story, who is Group El...Read More
Crude Oil and Industrial Metals continue downward. This is significant per this NFTRH monthly chart showing these items and the broad CRB itself having hit trend lines from the 2008 highs. These pullbacks from long-term trend lines are notable and qualify cyclical commodities as risk indicators for the cyclical macro. Here is oil’s weekly view. Key support was lost last week as noted in this...Read 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 sessi...Read More
The recent weakness in Gold and gold mining stocks is not over. In fact, we are worried about another leg down getting underway. If that comes to pass, we are positioned to profit from it. But I digress.Long-term oriented investors and speculators should be aware of the near term trends but they should also be aware of the conditions that will lead to a shift from a bear market to a bull market.He...Read 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 sessi...Read More
By Ira EpsteinDollar killer!https://www.iraepstein.com/ Read More
By Ed Steer10 November 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold quietly lower until around noon China Standard Time on their Friday. It crawled quietly higher from there until a few minutes after the London open -- and then it crawled equally quietly lower until the COMEX open. Then the spoofing and algo spinning began -- and the low tick of th...Read More
By Clint SiegnerGold and silver investors got a rare bit of good news on the enforcement front last week.A trader from JPMorgan Chase pled guilty to rigging the precious metals futures markets.John Edmonds admitted to cheating the bank's clients and plenty of other people naive enough to expect fair treatment on the COMEX and other exchanges.While this is by no means the first time a banker has...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, down 0.17 percent as hedge funds boosted their net bullish position to an eight-month high. October was a stellar month for gold after several months of losses. Holdings in gold-backed ETFs rose globally by 16.5 tonnes as the yellow metal benefitted from flight-to-safety investment flows tracking global stock markets, wri...Read More
Here are two long-term charts illustrating the annual rate at which gold is extracted from the ground. The second of these charts shows why mine production can be ignored when trying to understand what happened to the gold price over the preceding few years or figure out what's likely to happen to the gold price over the next few years.The first chart shows the amount of gold produced by the glo...Read More
By Alasdair MacleodWe are getting ahead of ourselves here. Gold does not circulate as money - yet. It might never do so. Perhaps the end of government currency, fiat money imposed on us by government laws, may never be replaced by what for millennia has been the people's money, gold. Do we even wish it? Given what we have to do to get there, probably not.It is hard to think of a life without Nan...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 12, 2018 "The stock market is a device to transfer money from the impatient to the patient" Warren Buffett, American businessman, investor, philanthropist, the "Sage of Omaha", Chairman and CEO Berkshire Hathaway "Thousands of experts s...Read More
Silver just moved to its 2018 bottom. Not somewhat above it, not relatively close to it - silver's Friday's close of $14.14 equals the previous lowest closing price of 2018 that was formed on September 14th. That's not yet a breakdown, but the implications are severe. Silver's Move to the 2018 Bottom Silver's decline means breakdowns (on big volume) below the October lows and the rising red...Read More
Yesterday an entire California town burned down. Paridise, CA has (had) 27,000 residents and over 1,000 buildings, and now it's pretty . That fire and several others are still expanding across the state, threatening tens of thousands of homes. The sets of the TV show WestWorld are gone. Malibu has been evacuated. And dry, windy conditions persist, so the story is nowhere near over. If this sound...Read More