Hedge Funds Drop Bullish Gold, Silver Bets Ahead Of FOMC – CFTC
(Kitco News) – In what has been a well-documented volatile market, hedge funds once again ditched their bullish gold and silver bets and added to their bearish outlook, according to the latest trade data from the Commodity Futures Trading Commission.
Read moreBMO: Gold Producers Eventually Will Have To Undertake Mergers, Acquisitions
Gold producers needing to reverse declining production in the years ahead may have to look toward mergers and acquisitions, although they may do so reluctantly, said BMO Capital Markets.
Read moreLong-Term Gold Chart Has The Trend Answer
As Janet Yellen and team prepares to sit down for its two-day Federal Reserve policy making meeting this week, it is an opportune time to review some key themes within technical analysis and charting, and to discern what the Fed meeting could offer in…
Read moreMandalay Resumes Operations At Cerro Bayo
Mandalay Resources Corp. (TSX: MND) reports that mining operations have resumed at the Cerro Bayo underground silver-gold mine in Aysen, Chile.
Read moreBarclays: Investor Demand For Gold ‘Likely To Persist’
Barclays anticipates investor demand for gold will persist on concerns about the global economy, with the bank also saying investment in commodities generally should hold up.
Read moreBOJ, Not The Fed, Will Be First Up
All eyes on the Fed meeting this week, but the initial catalyst will be the BOJ announcement tomorrow.
Read moreGold, Silver Up On Bullish Outside Mkts; Short Covering, Bargain Hunting Featured
Gold and silver prices are moderately higher in early U.S. trading Monday.
Read moreHarmony Becoming Sole Owner Of Hidden Valley Mine In Papua New Guinea
Harmony Gold Mining Co. Ltd. (NYSE: HMY; JSE: HAR) has acquired full ownership of the Hidden Valley mine in Papua New Guinea, the companies said Monday.
Read moreWorld Stock Markets Mostly Up On Ideas FOMC Will Not Raise U.S. Interest Rates
(Kitco News) – Asian and European stock markets were mostly higher overnight, boosted in part by a rebound in the raw commodity sector to start the trading week.
Overreaction to Small Up Move in Inflation Pushes Gold Down
The mindless mood swings continue regarding the upcoming FOMC meeting, which concludes on Wednesday. Today many markets once again overreacted to the scantest “hawkish” data release, that of the Consumer Price Index for August.