2/2 © Reuters. An investor is reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia 2/2 By Swati Pandey SYDNEY (Reuters) – Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirusRead More →
3 Gold Stocks With Recent Insider Buying (And Selling) Insider buying in the gold mining sector has died down a bit with gold prices surging; however, there are still a few companies whose insiders have been accumulating shares. I typically provide an update on insider buying in the gold/silver sectorRead More →
Annual gold demand dips to 4,355.7t Gold demand fell 1% in 2019 as a huge rise in investment flows into ETFs and similar products was matched by the price-driven slump in consumer demand. The net result was a marginal 1% decline in annual demand to 4,356t. Global reserves grew byRead More →
In general, three main factors affect the price of gold in the long run: (1) the dollar, (2) the U.S. level of inflation and (3) monetary policy in the United States. Dollar The gold price stably negatively correlates with the Dollar Index. And it is actually normal because gold isRead More →
Gold futures traded virtually unchanged Friday morning, as investors watched for a report on U.S. employment that could provide a catalyst for the yellow metal. Bullion is headed for a sharp weekly fall, but the precious metal is still viewed by some commodity experts as a go-to asset in theRead More →
It’s been a strong start to the year for the newest producer in the sector, Lundin Gold (OTCPK:FTMNF), with a 27% return year-to-date, and a nearly 2500 basis-point outperformance vs. the Gold Miners Index (GDX) in January alone. The company expects to begin commercial production in Q2 at their EcuadorRead More →
Gold prices on Monday headed to a more than six-year high, as fears of the economic impact of a fast-moving viral outbreak hurt appetite for stocks and powered buying in assets perceived as havens. “The anticipated Wuhan flu contagion triggered sell-off in equity markets will likely drive gold demand outRead More →
Last year was an exciting one for investors in the metals space, with the price of gold (GLD) allowing gold producers to see some margin expansion on balance finally. While a higher gold price is positive for the sector as a whole, not all gold producers are created equal. ThisRead More →
In this article, we examine the significant weekly order flow and market structure developments driving GDX price action. As noted in last week’s GDX Weekly, the highest probability path for this week was for price discovery higher. The primary expectation did play out as buy excess formed early week beforeRead More →
Gold prices edged higher early Wednesday, as investors adopted a cautious stance ahead of the expected White House signing of a partial agreement between the U.S. and China later in the session. Doubts that the so-called phase one trade pact will alleviate tensions between Beijing and Washington have kept bullionRead More →
It’s been a busy few months for Kirkland Lake Gold (KL), with the company announcing record full-year gold production last week and acquiring Detour Gold (OTCPK:DRGDF) in Q4, with the deal very likely to close without an opposing suitor. While the acquisition will give a massive boost to Kirkland LakeRead More →
By Mike Gleason Craig Hemke Makes 2020 Prediction on Gold & Silver, Slams Biased Gold Naysayers. Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear an eye-opening interview with Craig Hemke of the TF Metals Report. Hear from the man who accurately predicted a yearRead More →
With the rising tensions between the United States of America and Iran, gold and the SPDR Gold Trust ETF (GLD) have gained about 6% within just a few trading days, which is quite a lot for the precious metal. After gold rallied from $1,270 in May 2019 to about $1,550Read More →
Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →
By Wayne Cole SYDNEY (Reuters) – Asian share markets looked to be heading into turbulence on Monday as a flare-up of tensions in the Middle East sent gold to its highest in almost seven years while oil flirted with four-month peaks. The United States detected a heightened state of alertRead More →
Gold has powered into 2020, rising nearly 6% in the past month. Gold: Source: Bloomberg Gold serves many purposes as a part of a balanced portfolio. Gold acts as a diversifier, not always correlated to the stock market nor nominal interest rates. The yellow metal can rise in both anRead More →
iStockPhoto Financial trading chart at digital display Have we just experienced the decade of the ETF? In 2010, about $1 trillion was invested in exchange-traded funds. As the decade draws to a close, ETFs have more than four times that amount, according to the Investment Company Institute. But what comesRead More →
Gold has a chance to be an interesting investment in the coming year, says Blackstone investment luminary Byron Wien: ‘Watch gold in 2020. It has a chance to be an interesting investment.’ Byron Wien That is how the veteran investor, whom U.S. News & World Report report described as aRead More →
Gold futures on Thursday traded little changed as benchmark bond yields pushed higher amid an easing of U.S.-China trade tensions and reduced worries over the global economic outlook. Markets so far have brushed off the impeachment late Wednesday of President Donald Trump, only the third president to suffer the fate.Read More →
It’s been a busy news week for Marathon Gold (OTCQX:MGDPF), with the news Tuesday that they’d be a little late delivering their updated resource estimate, and exceptional news Wednesday following up on their winter drill program. While the company’s drill programs finished at their Marathon and Leprechaun deposits to prepareRead More →
Sandstorm Gold December Update Data by YCharts Sandstorm Gold (SAND) recently announced that it has amended its existing $225 million revolving credit facility, to include an accordion of up to $75 million, which gives it total availability of up to $300 million. I believe this could mean that Sandstorm isRead More →
I was exploring the mining industry looking for significantly undervalued assets given the entire sector has been out of favor, and I stumbled into Sandstorm (SAND). As a brief summary for those who don’t follow the stock, the company has a unique business model in that the company itself doesRead More →
Image: The Rainy River gold/silver mine in northwestern Ontario. Source: New Gold, Inc. Investment Thesis The Canadian-based New Gold, Inc. (NGD) is mainly a gold producer with two producing mines in North America: the New Afton and the Rainy River mines. The company also owns the Blackwater project. New GoldRead More →
Dear Moneyist, I am unsure how to word this without sounding horrible but, this is so unique, I fear that you won’t want to advise because so much detail is needed. But here goes nothing: I have a dear friend that is 70 (about twice my age) that I haveRead More →
The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3’19, this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should’ve led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter’s results areRead More →