Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort179,746217,92163,757174,309148,443417,812430,121Change from Prior Reporting Period -12,7443,60915,1284,938-12,0537,3226,684Traders172103755654260203 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,44135,132465,253 -1,845-1,2075,477 non reportable positionsChange f...Read More
By David Brady, CFA Gold has finally caught a bid this week and is up to its highest level since July 31. The fact that the U.S. and China appear to have agreed on a meeting between Trump and Xi on trade issues at the next G20, coupled with the U.S. treasury's decision not to label China a currency manipulator, was likely the biggest factor in Gold's rise yesterday. It may be seeing some safe ha...Read More
The lofty stock markets suffered a sharp selloff this week that may prove a major inflection point. There was one lone sector that bucked the heavy selling to surge in the carnage, the gold miners' stocks. They are the last cheap sector in these bubble-valued stock markets, long overlooked and neglected. Wildly undervalued today, the gold stocks have great potential to soar dramatically ev...Read More
VANCOUVER, British Columbia, Oct. 12, 2018 (GLOBE NEWSWIRE) -- 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 the third quarter 2018 production results for Puna's Chinchillas silver-zinc-lead deposit in Argentina.In their ne...Read More
By Steve St. AngeloTo the surprise of many investors, the precious metals have rallied while the broader markets continue to sell-off. Currently, both gold and silver are solidly in the green while the major indexes were all the red following a huge sell-off yesterday. The Dow Jones Index has lost nearly 1,000 points in the past two days while the gold price is up nearly $25.However, even th...Read More
By Avi GilburtIt seems the pundits have lost their way. The reasons for the market moves have now confounded most market participants and pundits to such an extent, and they are stretching so far to provide a reason for a market move, that we have moved from the ridiculous to the sublime.In the last several years I have outlined how the market has completely ignored the dozens of negative geopol...Read More
We know, it's just a symbol. But it's a powerful symbol of the most severe recession since the Great Depression. Yup, it's another article about the Lehman Brothers' collapse. But we really invite you to read it, as we thoroughly analyze the impact on that bankruptcy on the price of the yellow metal. You will also find out what can we learn from the 2008 banking crisis for the gold market. Ten...Read More
News, Commentary, Charts and Videos You May Have MissedHere is our Friday digest of the important news, commentary, charts and videos we were informed by this week.Market jitters and volatility have returned this week and the sell-off in US government bonds led to sharp falls on Wall Street centered on the very overvalued tech sector and the NASDAQ.(Bloomberg)Gold is 1.3% higher for the week as...Read More
Full Article: Gold: Ready, Set, Go! Were You Really Ready?By: Przemyslaw RadomskiThe previous week is over and even though we haven't seen any significant volatility in its final part, it doesn't mean that we haven't seen any meaningful signals. We did and one of them has important implications for the short-term and a few others have much more important implications of the medium-term nature....Read More
CloseGain/LossOn WeekGold $1218.00-$4.70+1.24%Silver$14.61+$0.06-0.14%XAU69.28-0.99%+5.79%HUI153.30-0.59%+6.88%GDM550.27+0.04%+6.05%JSE Gold1154.31-1.65+10.59%USD95.28+0.26-0.36%Euro115.59-0.39+0.30%Yen89.18-0.03+1.43%Oil$71.34+$0.37-4.04%10-Year3.153%+0.009-2.66%Bond138.46875-0.375+0.93%Dow25339.99+1.15%-4.19%Nasdaq7496.89+2.29%-3.74%S&P2767.13+1.42%-4.10% The Metals: Go...Read More
David dives deep into the topic where so few can. Concerned about a potential confiscation? You won't want to miss what David has to say about it...David Morgan interviewed on Reluctant PreppersRenowned silver guru David Morgan returns to Reluctant Preppers to answer YOUR viewer questions, starting with:"What was the David's 'Red Pill' moment??EUR<"David also weighs in on:- Direction of the market...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade. U.S. bank stocks generally moved higher following release of third quarter results this morning. JP Morgan, Citigroup and Wells Fargo moved higher after releasing strong third quarter earnings. Microsoft gained $3.14 to $109.05 after Macquarie upgraded the stock to Outperform from Neutra...Read More
QUESTION: Mr. Armstrong; Your Global Market Watch picked the high in the S&P as September and called for a waterfall on the monthly level. That was amazing. Yet, with the stock market crash, gold could not even rally above the previous week’s high. If the bonds look like death warmed over, equities crash, then surely gold should have rallied but it could not overcome its own weight. Is...Read More
Colorado School of Mines has been awarded funding from the U.S. Department of Energy to develop an artificial intelligence-enabled robot capable of inspecting and repairing power plant boilers.Hao Zhang, assistant professor of computer science, is the primary investigator on the project, which will receive $400,000 over three years from the DOE's Office of Fossil Energy."Our goal is to develop an...Read More
Silver remains a prime target for mineral explorers and miners, particularly those active in Mexico and other Latin American countries. Here is a look at five silver-focused companies plus a palladium producer.BEAR CREEK MININGBear Creek Mining (TSXV: BCM; US-OTC: BCEKF) has long been active in silver exploration and development in southern Peru.The Vancouver-based junior describes its flagship, w...Read More
Nevada Copper (TSX: NCU; US-OTC: NEVDF) has tabled a new preliminary economic assessment (PEA) suggesting an open pit mine at its Pumpkin Hollow copper project in Nevada, where the company is already part-way through constructing an underground mine.The PEA consists of two phases. The first would cost an initial US$592 million and include a plant capable of processing 33,500 tonnes per day. It wou...Read More
Cities across the country are done with Columbus Day. San Francisco has done it. Cincinnati's done it. And most recently, Columbus, Ohio-a city named after Christopher Continue...Read More
"Given the activity we've seen - and its timing ahead of the US midterm elections - we wanted to give some details about the types of behavior that led to this action," Continue...Read More
With the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?It's hard to say for certain. But the systemic cracks we've been closely monitoring definitely got an awful lot wider this week.Continue...Read More
A lawsuit conerning whether or not race has been used as a factor in U.S. college admissions will go to trial in Boston on Monday, when Harvard University Continue...Read More