By David Brady, CFAIt is difficult to provide an update on something that hasn't moved in months. Other than a spike higher on October 11, Gold has basically done nothing in the past three months. The current range remains 1214-1251. Many investors in the precious metals space have become extremely bullish recently, given the rally from 1167. But there is little reason for it, in my opinion. Not...Read More
First developing countries blew up. Then real estate topped and started to roll over. Now oil has entered what CNBC just called its "longest losing streak in three decades." The oil rout just became a bear market for U.S. crudeIn a volatile turnabout, the U.S. crude benchmark fell into a bear market Thursday just five weeks after hitting a nearly four-year high.West Texas Intermediate crude for...Read More
The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans' massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October's brutal plunge proved. Such extreme revenue and earnings growth cannot persist, and valuations remain in dangero...Read More
After falling in August and September, intervention in the gold market by the Bank for International Settlements via gold swaps increased substantially in October, according to the bank's monthly statement of account, published this week: https://www.bis.org/banking/balsheet/statofacc181031.pdf The bank's August and September statements are here: https://www.bis.org/banking/balsheet/statofacc180...Read More
TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWFVANCOUVER, Nov. 9, 2018 /PRNewswire/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has reported...Read More
By Daniel R. Amerman, CFAHousing prices and the associated REIT returns have worked very differently in the United States since the recession of 2001. The increasing financialization of the real estate markets by Wall Street, and the aggressive and unconventional interventions by the Federal Reserve over that time, have combined in multiplicative fashion to produce new and volatile sources of ho...Read More
Key Gold and Precious Metals News, Commentary and Charts This WeekWith Brexit around the corner and stock markets plunging in October - is now the time to invest in gold is asked by This Is Money this week. They kindly mention GoldCore as a leading "online bullion dealer" of physical gold (bars and coins) and informed their readers how "buyers can ask to have it stored, for a charge, or delive...Read More
Full Article: SWOT Analysis: Election SpottingBy: Frank HolmesStrengthsThe best performing metal this week was platinum, up 4.29 percent as hedge funds cut their bearish platinum view to the lowest in seven months. Gold ended October with a gain for the first month in seven. The Bloomberg Intelligence (BI) Global Senior Gold Valuation Peer Group Index is headed for its biggest monthly increase si...Read More
Lucara Diamond Corp achieved earnings before interest, taxes, depreciation and amortisation (Ebitda) of $18.2-million for the third quarter ended September 30, compared with the Ebitda of $49.8-million reported for the quarter ended September 30, 2017.The decrease in Ebitda reflects lower revenues attributable to a smaller volume and lower average price of exceptional stones sold, with the sales f...Read More
Metswedi Mining has received the first renewal for both prospecting licence (PL) 101 (430 km2) andPL58 (2.3c) which make up the Middlepitsproject, in Botswana, Canadian diversified junior mining company Tango Mining announced last month. The property is 470 km south-west of Gaborone and 90 km south-west of Tshabong, in the country’s Kgalagadi district.Advertisement TSX-V-listed Tango is set...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe company expects the reduced organisational structure will save about US$5 million per annum in corporate general and administrative expenses.The company, which operates the Pinto Valley copper mine in Arizona and the Cozamin mine in Mexico, said the move would also empower mine general managers and their teams to run operations as in...Read More
U.S. equity index futures moved lower this morning. S&P 500 futures were down 13 points in pre-opening trade. Walt Disney added $1.50 to $117.50 after reporting higher than consensus quarterly revenues and earnings.General Electric dropped $0.28 to $8.82 after JP Morgan lowered its target price to $6 from $10.Activision plunged $8.51 to $54.26 after reporting lower than consensus quarterly ear...Read More
When you receive a paycheck, who do you pay first?If you're like most Americans, you're probably paying everyone else first-your rent/mortgage, groceries, utilities, car payment, insurance, etc. Once you're done paying all those bills, you stick whatever you have left (if anything) into savings-that's the classic "paying yourself last" scenario.And like most people, you then patiently await your n...Read More
The Detour Lake Mine in northern Ontario. Source: Detour Gold Corp.Detour Gold Corp. [DGC-TSX] dissident shareholder Paulson & Co. Inc. on Friday November 9 released a list of questions it believes the company should address in the circular it files for the upcoming special meeting of shareholders on December 11, 2018. Today is the record date for the meeting.The questions are intended to ensu...Read More
The San Francisco open pit mine in Sonora, Mexico. Source: Alio Gold Inc.Alio Gold Inc. [ALO-TSX, NYSE] is looking at several options for its San Francisco gold-silver mine in Mexico to reduce mining dilution in 2019, including a temporary suspension of mining while leaching and processing of low-grade ore from stockpiles continues.Shares of Alio closed down 9% on November 8, 2018, the date of the...Read More
Sector expert Michael Ballanger muses on the forces at play on the markets and precious metals, and also mentions uranium. Back in the 1960s, from time to time, many of my elementary school classmates would have great difficulty paying attention to the teacher. It would usually take the form of doodling with a pencil, drawing prepubescent renditions of monsters or hot rods or animals. The polite...Read More
Read the latest articles at Peak Prosperity: https://www.peakprosperity.com/Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stoc...Read More
Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Tim...Read More
Democrats plant to pass the most extreme gun-control legislation in decades when they take over the House majority next yearContinue...Read More
With real estate starting to crack in Australia, Harry Dent returns for his latest tour earlier than expected. Declining numbers across the country is a very big deal for several reasons which Harry details in his latest video...*If the volume isn't working, click the volume icon located in the bottom right hand corner of the video playerHarry Dent is a Fortune 100 consultant, new venture investor...Read More