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 ChinaWe 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 transform...Read More
Before we look at tonights 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. Whe...Read More
There 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...Read More
Bela Kosoian was "taken by force" by a police officer and ticketed because she did not onto a handrail on an escalator. Continue...Read More
LONDON, 16 November 2018 - Trading data from BullionVault features in this morning's UK news headlines from specialist agency Thomson Reuters.Noting how the Pound has "slumped" on the currency market following the resignation of Brexit minister Dominic Raab, "The online gold platform BullionVault reported that trading volumes rose 147% [on Thursday] from the previous week's average."Investor deman...Read More
The major gold miners' stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarter earnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted. But these elite companies did hold the line on costs, portending soaring earnings as gold recovers. Their absurdly-che...Read More
Athabasca oil sands on the banks of the river, around 1900An alarming discount on Canadian crude has sparked calls for production cuts in the Alberta oil patch.The calls from Cenovus Energy Inc. [CVE-TSX, NYSE] and others have been sparked by the difference between the price of Western Canadian Select bitumen-blend crude and New York traded West Texas Intermediate oil.The differential between West...Read More
Sokoman Iron's Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] shares rallied sharply Friday November 16 as the company released more drill results from its Moosehead gold project in central Newfoundland.The company said it has received assay results for five of seven holes completed to date in the property's Eastern Trend. They are part of a...Read More
Imagine going back to the late 1990s and being able to be a ground-floor investor in electric vehicles.Well, you don't have to imagine. Hydrogen fuel cell technology is at the same point in development as electric vehicles were in the late 1990s. And for us as investors, a hydrogen fuel cell boom could be a retirement-level event.Fact is, hydrogen fuel cells have the potential to be superior to a...Read More
The Colorado School of Mines Dance Team has been awarded the Mayor's 2018 Gold Mine Award for Excellence.The student group was one of four award winners at the City of Golden Mayor's 2018 community celebration on Oct. 30. The Gold Mine Award recognizes contributions to the betterment of Mines and the Golden community. Specifically, the dance team was honored "for their contribution to the Golden...Read More
We're on the precipice, the verge of a new era.It's already begun, but it's yet to fully take off (no pun intended).It's the age of the drone.As we speak, drones are delivering packages, dusting crops, driving people to work, fighting fires, and bombing terrorists.Criminals are using them to sneak drugs and other contraband into prisons.They're used for dangerous search and rescue missions, ventur...Read More
Since its official mine opening on Oct. 24, Harte Gold (TSX: HRT; US-OTC: HRTFF) has finished commissioning its process plant and says it is on schedule to declare commercial production by the end of December at its Sugar Zone mine.Mill throughput at Ontario's newest gold producer has reached the initial target rate of 575 tonnes per day, and the tailings management facility and paste fill plant w...Read More
James and Matt dive into, among many topics, the newest proof of JP Morgan's control of the silver market...James Anderson interviewed by Matt from Silver Fortune on SIlver FortuneMore proof of JP Morgan's control of the silver market recently came out, and James joins us to discuss it, along with many other topics. Read More
An update on 2018 silver demand, including what is called "robust growth" in the use of silver in electronics, especially in the automotive sector...Press Release from The Silver InstituteRelease of Refinitiv Interim Silver Market ReviewSilver Industrial Demand Remains Strong - Surplus Expected for 2018(November 15, 2018 - New York City)At the Annual Silver Industry Dinner hosted by the Silver Ins...Read More
Twenty years ago, Buffett backed up the truck and loaded it with silver. He'd be a buyer of again today. Here's why...by Jesse Felder of The Felder ReportWarren Buffett is famous for many things one of which is his general dislike for precious metals as an investment. But maybe you're old enough to remember when, just over 20 years ago, he backed up the truck and bought a ton of silver - over 3,00...Read More
CLICK ON CHART TO ENLARGEKing Dollar has spent the majority of the past 7-years inside of rising channel (1), as it's created a series of higher lows and higher highs.The 2018 rally has it kissing the underside of potential resistance this week at (2), where it could be creating a bearish reversal pattern. This one week action has NOT changed the upward trend in King Dollar.If it breaks rising sup...Read More
(Adds share movement, background, analyst comments)By Krishna V KurupNov 15 (Reuters) - India's Yes Bank Ltd YESB.NS shares fell sharply on Thursday, a day after non-executive independent chairman Ashok Chawla resigned, further fuelling the uncertainty over the management of the country's fifth largest private-sector lender.Yes Bank shares fell as much as 9.1 percent to 202.25 rupees, in their b...Read More
* U.S. crude stocks jump 10.3 mln barrels last week - EIA* OPEC, non-OPEC producers need to cooperate - NOC's Sanalla* Darkening economic outlook also a concern (Updates with settlement price, adds commentary, market activity)By Stephanie KellyNEW YORK, Nov 15 (Reuters) - Oil futures rose for the second consecutive session on Thursday after this week's steep losses as U.S. fuel stockpiles declined...Read More
(Repeats Nov 14 story with no changes in text)* Indian government, RBI trying to avoid blow-up at board meeting* Government doesn't want to see RBI Governor Patel quit-sources* Key for government is to create conditions for increased lending* Reserves dispute may be kicked down the road-sourcesBy Manoj Kumar and Suvashree ChoudhuryNEW DELHI/MUMBAI, Nov 14 (Reuters) - India's government and its cen...Read More
Nov 16 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More