In a surprise move, the U.S. Environmental Protection Agency reversed itself on Friday and maintained restrictions on the proposed Pebble Mine copper and gold mine project in southwest Alaska’s Bristol Bay region. “It is my judgment at this time that any mining projects in the region likely pose a risk to the abundant natural resources […]
From Jordan Roy-Byrne: The rebound in the precious metals sector continues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and Silver… Read more ›
Copper and gold miner Freeport-McMoRan's shares rocketed higher at the end of 2017. Are they worth buying today?
The billionaire investor doesn’t like assets that can't produce.
Wall Street is looking forward to a big 2018.
President Nicolas Maduro said on Friday that Venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any investors will want to purchase the “petro” at a time when the OPEC member is going through a deep economic crisis and its leftist government has little credibility. […]
Find out what's ahead for the yellow metal.
Several big mining companies are bringing new projects online, while others will see production decline in the year ahead.
Precious metals expert Jordan Roy-Byrne outlines his bullish case for gold miners for 2018. There are very few sellers left There were very few sellers left in January 2016 when the devastating “forever bear” was about to end. Six months later and… Read more ›
From Jan Skoyles: Earlier this week Yahoo! published ‘2017: The year the financial crisis officially ended‘. In it the author points to record-high stocks and cryptocurrency surges as some of the key indicators that the latest financial crisis is tightly wrapped… Read more ›
Gold markets broke out during the trading session on Friday, slicing through a massive barrier at the $1300 level. Ultimately, this is a market that looks like it is ready to go too much higher levels this year.
Venezuela’s cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday. President Nicolas Maduro surprised many earlier this month when he announced the “petro” cryptocurrency, to be backed by OPEC member Venezuela’s oil, […]
"Halftime Report" trader Pete Najarian spots unusual activity in shares of Pepsi and Freeport-McMoRan.
U.S. growth prospects dimmed on Friday as data showed spending outpaced income in November. This likely means the Fed is not going to get overly aggressive anytime soon when the inflation metric is well below target. This is potentially bullish for gold and this thought was reflected in Friday’s strong rally.
From Jordan Roy-Byrne: Back in early 2016 as precious metals rebounded, our work showed that gold stocks were arguably the cheapest they had ever been. They had the worst 5-year and 10-year rolling performance ever, they were trading at potentially 40-year lows… Read more ›
Despite bitcoin’s wild price moves, it’s still not considered a risk to the financial system. China is the world’s largest producer and consumer of coal, and it hosts more than half of the world’s bitcoin-mining pools. While experts debate bitcoin’s role in a world still dominated by fiat currencies, the real risk is how the […]
Unfortunately for yellow metal lovers, the mad dash for equities is leaving gold stocks and their ilk out in the cold. Since peaking in early September at $128.32, the popular gold exchange-traded fund — SPDR Gold Shares (NYSEARCA:GLD) — has tumbled 7.2%. Gold miners have followed in-kind with downtrends gripping them one and all.
Over the past couple of weeks “gold bugs” have got themselves into a bit of a panic as to where gold is heading. Gold has, indeed, fallen from the $1,300 level, down to around $1,235, at one point.
Last Christmas, my carry-on bag was stolen during a trip from New York to San Francisco. I’d last seen it on the plane, but it disappeared somewhere between the aircraft and the car at the airport. A few days later, the phone inside the bag turned up in the Philippines. You can read about that […]
Gold spot prices rise and fall, but these companies have what it takes to thrive no matter what.
Some have argued that the boost Nvidia has seen from cryptocurrency mining is over, but one analyst thinks differently. Alt-coins have been exploding in value and could provide another big boost to Nvidia’s bottom line. Some analysts have already called for the end of the crypto boom for Nvidia, but Mitch Steves, an analyst at […]