NERD ALERT! Gold & Platinum May Be Proving Einstein’s Theory…100 Years Later
It took scientists a century to finally prove one of Einstein’s theories; and, they did it with gold and platinum.
Not All Equities Are Down; Gold-Mining Stocks Rise This Week
Gold-mining stocks certainly fared better than the broader equity market during the first four days of this week as mining shares that trade in North America surged on higher precious-metals prices.
Read moreGold’s Price Action “Impressive” But May Wane Ahead of Presidents Day – Gartman
Famed newsletter writer and market watcher Dennis Gartman says that gold’s past day’s action can be summed up simply as, “Wow!?.”
U.S. Advance Retail Sales Rise 0.2% In January
(Kitco News) – After a slower Christmas season, U.S. consumer ended up spending more money than expected at the start of the new year, according to the latest data from the U.S. Department of Commerce.
Read moreGold Sees Some Profit-Taking Pressure From Recent Strong Gains
Gold is seeing a corrective technical pullback, some chart consolidation and mild profit-taking from this week’s strong gains that drove prices to a 12-month high Thursday. April Comex gold was last down $7.10 at $1,240.60 an ounce. March Comex silver was last down $0.064 at $15.73 an ounce.
Credit Suisse: ‘Our Fundamental View On Gold Remains Constructive’
Credit Suiise analysts say “our fundamental view on gold remains constructive” although prices rose faster than they expected.
CME Group Hiking Margins On Comex Gold Futures As Of Friday Close
CME Group is raising margins on gold futures as of the end of business on Friday, the exchange operator reported.
Read moreFranco-Nevada Increases Previously Announced Financing To $800 Million
Franco-Nevada Corp. (TSX, NYSE: FNV) has increased a previously announced public offering to $800 million from the initially reported $550 million.
Read moreGold Sees Profit-Taking Pullback As Risk Aversion Recedes
Safe-haven asset gold saw prices decline a bit Friday, on some mild profit-taking from this week’s strong gains. Still, the precious metal is in strongly a bullish technical posture, which suggests there is more room to run on the upside.
Read moreThe 6PM Recap With Gary Wagner: Gold Triumphing As Multiple Markets Reach an Inflection Point
As this article explains, many of the oil companies up and down the production chain, based their valuations on oil that was $90 or higher. Then it was $65 per barrel… those chickens are coming home to roost and they have very sharp talons