Ascendant and Pasinex surprised positively the markets. Ascendant saw the 3rd month in a row with positive EBITDA and Pasinex showed a nice first resource estimate which gives the company a 3.5-year mine life but of course, they drill further and replace more than they produced. Zinc warehouses in London are at a low and […]
The details of the Fed’s hike were interpreted as dovish and the investors’ reluctance towards the US Dollar was dragged to the Asian part of the session. AUD is rallying after another strong report from the labor market. NZD is losing. The stock market is calm with small drops. Nikkei225 lost 0.3% and Hang Seng […]
The new Lithium Report 2018 was just released by Swiss Resource Capital AG. Lithium is in high demand through the battery demand for e-mobility and mass energy storage. Cobalt saw an all-time high in the price per ton with 62,000 USD and this can go higher, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. […]
Gold price bounced as expected towards $1,260. We are currently being rejected by the Kumo (cloud) and this is what we initially expected. This could be a nice opportunity to sell Gold for a move down to $1,200. Gold price is trading below the 4-hour Kumo (cloud). Trend remains bearish. This bounce was expected and […]
Africa again in the focus with Sibanye-Stillwater taking a 38% stake in DRDGOLD. The Canadian Copper Mountain copper producer acquires all outstanding shares of Altona Mining with a 41% premium and GoldMining closed the acquisition of the Crucero project from Lupaka Gold, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this […]
Overview Gold price has settled at the key support of $1,240.85 after attempting to break it yesterday. Please note that stochastic loses its bullish momentum clearly to approach the overbought areas while the EMA50 keeps pushing the price down. Therefore, these factors encourage us to confirm the outlook for the bearish trend in the upcoming […]
Overview Silver price keeps crawling downward to approach our main target at 15.49. As long as the price is below 16.56, our bearish overview will remain vaild. Let me remind you that breaking 15.49 will enable the price to suffer more losses. The price is likely to reach 13.75 as the next target level. The […]
GOLD PRICES rallied $10 per ounce from yesterday’s fresh 5-month lows against the Dollar in Asian trade Wednesday, only to lose half that bounce in London as traders looked to today’s key US monetary policy decision from the Federal Reserve. With US inflation data due later on Wednesday, just before the US Fed’s widely-expected […]
Gold price remains in a bearish trend but yesterday we observed the bullish divergence in the RSI together with a candlestick reversal pattern. Price has the potential to rise to $1,260 today. Red lines – bearish channel Black lines – bullish divergence Gold price has broken out of the bearish channel and is now back […]
MAG Silver maybe develops the best Silver-Base-Gold mine in the world with only 5 USD costs per ounce silver in the future from 2020 onwards. Klondex is full on track for a successful 2018 and confirmed the production guidance for 2017 with improving results for the recovery rates for the ore from the Hollister mine […]
SPOT GOLD prices failed to hold a 0.4% overnight rally from new 5-month lows in London on Tuesday, slipping back as world stock markets rose again ahead of tomorrow’s key US Fed decision on Dollar interest rates amid worsening tensions in the Middle East. Edging back towards $1241 per ounce today, the price of […]
Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $16,645. Latin America has known far more than its fair share of economic troubles over the years. Whether it’s populist revolutions, military coups or some other calamity, the rich in the region always had to think of how to protect […]
Recently, Gold has been trading downwards. The price tested the level of $1,244. Anyway, according to the 30M time- frame, I found that price is trading inside of a trading range between the price of $1,252.30 (resistance) and the price of $1,244.00 (support). Since the short-term trend is bearish, my advice is to watch for […]
SILVER PRICES failed to follow a small bounce in gold bullion Monday morning in London, holding unchanged versus the US Dollar from New Year 2017 as gold held $100 per ounce higher from January 1st ahead of this week’s long-anticipated US Federal Reserve decision on interest rates. With silver prices slipping towards last week’s […]
The New Zealand Dollar is the star at the start of the new week in reaction to the election of the president of the RBNZ. The rest of the market is calmly awaiting the central bank marathon. The stock market in Asia is green. Japanese Nikkei225 increased by 0.6%, Hang Seng growing by 0.8%. It’s […]
Gold price remains in a bearish trend. However Gold is showing signs of at least a bounce in the short-term. Gold price is expected to bounce at least for a couple of days. Minimum bounce target is at $1,260. Gold price is trading above the 4-hour tenkan-sen (Red line indicator). Both MACD and the RSI […]
If Bitcoin really is like gold, watch out…! NEW YEAR’s DAY 1975 marked a huge turn in the gold market, writes Adrian Ash at BullionVault. Forty years after banning it, the US government at last let private citizens own bullion. Coin shops and banks knew how big this was. So they raced […]
GOLD and SILVER prices steadied above 5-month lows versus the US Dollar in London trade Friday, rallying into the weekend as global stock markets rose. The EuroStoxx 50 index of Europe’s largest corporations added 1.8% for the week. Commodities edged higher but major government bond prices slipped further from Thursday’s drop, when gold […]
GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session running […]
In the foreground, there was a substantial growth of imports (17.7% y/y, consensus: 13.0%), which proves the high demand of Chinese producers for goods used in production processes. The export volume was also surprising, as from year to year it recorded as much as 12.3 percent jump. The scale of surprise clearly reflects deviation from […]
Gold price remains in a bearish trend and moving lower still. Price has reached our target area but we could see a strong bounce today after the NFP announcement. I do not prefer to remain short at current levels. Gold has made an equal extension downwards to the first leg down from $1,297. Gold price […]
Governments have abused and distorted our money. How about a ‘Bitcoin standard’…? THIS is a subsection of a book that’s coming later. It seemed worth publishing now, writes Paul Tustain, founder and chairman of BullionVault and co-founder of WhiskyInvestDirect. What is money? Strangely, for something with which we are all so familiar, not one person in […]
GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session […]
The US Dollar is well on Thursday with a fresh dose of hope for enacting a tax bill in the US. Australia’s weak trade balance pushed AUD down, but NZD is losing the most. EUR / USD is sitting at 1.18, but USD / JPY approaches 112.60 with the help of the growing Tokyo stock […]
Gold price has reached our target area of $1,255-50. Price is showing bullish divergence signs in the 4 hour chart. Trend remains bearish as price is still below the Ichimoku cloud and both the Tenkan- and Kijun-sen. Gold price is making lower lows and lower highs. Trend is bearish. I believe it is time for […]
In November, gold reported that it stayed in the narrowest trading range ($1,265-1300 per ounce) from 2005. In early December, it likely tested its lower bound against the background of the promotion of the bill on tax reform through the US Congress. For a long time, precious metals were supported by uncertainty surrounding this process […]
Maple Gold is a well-funded gold exploration company focused on advancing one of the largest undeveloped gold projects in Quebec. The Company’s district-scale 330+ km² Douay Gold Project is located along a 40km segment of the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt. The Project hosts a multi-million-ounce gold deposit that remains […]
GOLD BARS rallied from yesterday’s 9-week low in Asian and London trade Tuesday as global equities slipped with commodity prices amid rising tensions over Washington’s policies in both the Middle East and towards rogue state North Korea. A Chinese state-run newspaper today gave readers near the border with North Korea a page of “common […]
It is done! OPEC and Russia gave the market what they expected, having prolonged the agreement on the reduction of production until the end of 2018. Riyadh believes that this will allow it to withdraw the size of global reserves to the level of 5-year averages in the second or third quarters of next year […]
GOLD PRICES slipped near 1-month lows against a rising US Dollar in London trade on Tuesday, drifting back to $1273 per ounce as world stock markets followed Wall Street lower after Monday’s drop. Commodities fell as major government bond prices edged longer-term interest rates higher. “Gold should encounter significant support at $1269/67 and […]
