Main St. Less Confident On Gold, Analysts Outright Bearish
After rallying as high as 21% since the start of the year, gold prices have fallen back and expectations for further gains are substantially lower, according to the results of this week’s Kitco News Wall Street vs. Main Street Gold Survey.
Optionality Plays For The Patient Precious Metals Investor
It is my belief that the worst precious metal miner bear market in 90 years has ended.
Read moreFederal Reserve Rains On Gold Stocks’ Parade
Comments from Federal Reserve officials not only rained on gold’s parade this week but also threw cold water on the red-hot rally in gold- and silver-mining stocks so far in 2016.
U.S. Durable Goods Orders Fall 2.8% In February
(Kitco News) – After a positive start to the year, the manufacturing sector lost some momentum, as orders for durable goods dropped last month, according to the latest data from Department of Commerce.
Read moreU.S. Weekly Jobless Claims Rise 6,000 To 265,000
First-time weekly jobless claims in the U.S. rose by 6,000 to a seasonally adjusted 265,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Hits 4-Week Low, on Follow-Through Selling, Higher USD
Gold prices are modestly lower in early U.S. trading Thursday and hit a four-week low overnight. Follow-through technical selling pressure is featured after strong losses posted Wednesday.
Read moreEldorado Gold Posts 2015 Adjusted Profit But Will Suspend Dividend
Eldorado Gold Corp. (TSX: ELD; NYSE: EGO), often in the news because of its challenges over licensing with the Greek government, reports an adjusted profit for 2015 despite lower gold prices but is suspending its dividend. The company lost $1.24 billio…
Read moreAdrian Day: Gold Correction Ahead But Market To Remain Strong
Fund manager Adrian Day sees a correction ahead in gold but also sees potential for further upside this year. Even with Wednesday’s pullback, the precious metal has risen sharply so far in 2016.
Gold Weaker On Follow-Through Technical Selling, Firmer U.S. Dollar
Gold prices are weaker again and hit a four-week Low overnight, on follow-through technical selling And pressured by a firmer U.S. dollar index this week.
Read moreThe 6PM Recap With Gary Wagner: Stocks Swoon Along With Gold And Oil But Keep Your Eye On Fed Rates
Poor earnings, plus sagging crude oil, and an extraordinary loss in a patent case in the biotech sector, weighed on equities prices today.
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