Trade Precious Metals

Gold

Gold Price: Year 2000 All Over Again – How Will You Play It This Time?

Recently business and financial guru Mark Cuban wrote an article about why this tech bubble is going to be worse than the tech bubble of 2000. This made me take another look at the long term charts again, but instead of looking up the NASDAQ or the tech sector I

Read Full Article

Trading Alert for Direxion Daily Gold Miners Bull 3X ETF (NUGT)

A total of 16.58K call and 7.10K put contracts were traded raising a low put/call ratio alert on shares of Direxion Daily Gold Miners Bull 3X ETF. The traded put/call ratio for Direxion Daily Gold Miners Bull 3X ETF was 0.43. Overall call volume was running 2.3x the put volume.

Read Full Article

Anglo Asian’s Azerbaijan gold production up by 52 pct in Q1 y/y

Azerbaijan’ top gold producer, Anglo Asian Mining Plc, increased its output by 52 percent to 17,193 ounces in the first quarter of 2015 and set a target of 70,000 to 75,000 ounces for the whole year. The company increased its gold output by 16 percent to 60,285 ounces in 2014,

Read Full Article

This precious metals ETF is worth a closer look

Most precious metals, with the exception of silver, have struggled so far this year in U.S. dollar terms. In non-dollar terms results have been better given the rise in the dollar. Much of this struggle is linked to the possible increase in U.S. interest rates. As interest rates rise, it

Read Full Article

Gold cuts losses on lower dollar after below-forecast U.S. data

Gold cut losses on Tuesday, as the dollar turned lower after U.S. retail sales and producer prices data came in weaker than expected, but prices remained below $1,200 an ounce on higher equities. The Commerce Department said on Tuesday retail sales increased 0.9 percent, below the 1 percent that economists

Read Full Article

Canada’s Alamos Gold, AuRico merger may spark rival bids

Canadian gold miners Alamos Gold Inc and AuRico Gold Inc unveiled a $1.5 billion merger plan on Monday, setting the stage for possible competing offers as miners scout for assets amid slowing growth and weaker gold prices. The combined mid-sized producer, with operations in Canada and Mexico, will have 2015

Read Full Article

Gold Prices Held Down by a Stronger Dollar

Gold prices pulled back below $1,200 an ounce on Monday as a stronger dollar overwhelmed interest from foreign buyers. The most actively traded contract, for June delivery, fell $5.30, or 0.4%, to settle at $1,199.30 a troy ounce on the Comex division of the New York Mercantile Exchange. The Wall

Read Full Article

Gold holds above $1,200, but U.S. rate hike worries weigh

Gold steadied above $1,200 an ounce on Monday after rising more than 1 percent in a chart-based rebound the session before, but persistent concern that the U.S. central bank is on course to lift rates this year should cap any gains. Federal Reserve official Jeffrey Lacker repeated on Friday his

Read Full Article

Kyrgyz prime minister says 50/50 joint venture with Centerra Gold may not be in country’s interests

During an interview, the prime minister of the Kyrgyz Republic suggested that the restructuring of the Kumtor Project as a 50/50 joint venture between Centerra Gold (TSX:CG) and his country might not be in the interests of his country. According to Centerra Gold, the prime minister also said that nationalization of

Read Full Article

Inside the New Sprott Zacks Gold Mining ETF

Gold miners are experiencing extreme volatility due to a combination of factors, including the prospect of an interest rates hike, a strengthening dollar and the growing U.S. economy. Yet the outlook seems bright, at least in the short term. The maximum bullishness was witnessed in recent weeks when the Fed

Read Full Article

Gold near one-week low as US rate hike bets buoy dollar

Gold remained near a one-week trough on Friday and was expected to end a three-week rally pressured by renewed expectations for a U.S. rate hike this year despite recent soft economic data. Bullion has surrendered gains inspired by a weak U.S. employment report last week as Federal Reserve officials suggest

Read Full Article

Newmont Mining says will build new Nevada gold mine

Newmont Mining Corp will go ahead with building the first phase of its Long Canyon gold mine in Nevada, the company, the biggest U.S.-based gold miner said on Wednesday. The first phase, which consists of an open pit mine and heap leach operation, is expected to produce between 100,000 ounces

Read Full Article

ETF Spotlight: Market Vectors TR Gold Miners (GDX)

The ETF world has expanded rapidly over the last two decades, as investors now have access to almost every corner of the market. Typically, our ETF Spotlight series is focused on lesser-known funds or those with unique strategies. But this piece will focus on a very popular product, the Market

Read Full Article

Logical 4 Month Market Forecast – Gold, Oil, Stocks & Bonds

Everyone is looking for the holy grail of the financial market which will tell what will happen next in stocks, commodities, bonds etc… Knowing that the holy grail of trading does not exist I am going to step out on a limb and share my four month stock market forecast

Read Full Article

McEwen Mining Reports Robbery of Gold From Mexican Mine

McEwen Mining Inc. on Tuesday reported the robbery of about 7,000 ounces of gold from a mine in Mexico, resulting in a loss that won’t be fully covered by the company’s insurance policy. The Toronto-based miner said the robbery occurred Tuesday at its El Gallo 1 mine in Sinaloa, Mexico.

Read Full Article
1 2 3 104