Gold stocks are not too oversold yet

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In recent days Gold has been more oversold than the gold stocks. Entering this week, the gold stocks were fresh off a major technical breakdown. An upside or downside break can lead to a market stretching beyond what typically qualifies as overbought or oversold. After Monday’s selloff, the gold stocks are hitting oversold levels but… Read More

It's Time for Contrarians to Get Bullish on Gold

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Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger greenback pushed gold to end below $1,200 an ounce for the… Read More

Ray Dalio’s Bridgewater keeps faith in gold despite its slide

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(Bloomberg) — Billionaire hedge-fund manager Ray Dalio maintained his holdings in the two biggest gold-backed ETFs even as an investor exodus sent prices of the metal tumbling. As of June 30, Dalio’s Bridgewater Associates maintained its 3.9 million shares in SPDR Gold Shares, the largest exchange-traded funds backed by bullion, and 11.3 million in iShares… Read More

South Africa's mines minister concerned about Gold Fields job cuts

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JOHANNESBURG, Aug 14 (Reuters) – South Africa mines minister said on Tuesday he was concerned by bullion miner Gold Fields’ plan to cut around 1,100 jobs without due regard to processes outlined in the Mineral and Petroleum Resources Development Act. Mineral Resources Minister Gwede Mantashe said some companies were not meaningfully engaging with the department… Read More

Columbus Gold to buy 70% stake in Maripa project from IAMGOLD

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Canadian gold exploration and development company Columbus Gold (TSX:CGT) plans to buy up to a 70% interest in IAMGOLD’s (TSX:IMG) the Maripa project, located in French Guiana. The project is made up of five contiguous exploration permits and has a historic gold production of around 40,000 ounces of gold, mined between 1985 and 1996. “With… Read More

Gold Stocks are Not Too Oversold Yet

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In recent days Gold has been more oversold than the gold stocks. Entering this week, the gold stocks were fresh off a major technical breakdown. An upside or downside break can lead to a market stretching beyond what typically qualifies as overbought or oversold. After Monday’s selloff, the gold stocks are hitting oversold levels but… Read More

Barrick shares bounce on final permits for giant Alaska gold mine

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Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) clawed back some of its earlier losses in after hours trade on Monday after the company and its JV partner NovaGold Resources’ (TSX, NYSE-MKT: NG) announced final federal permits for its massive Donlin project. Barrick said the US Army Corps of Engineers and Bureau of Land Management issued a… Read More

How Canada’s mining sector impacts the economy

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Courtesy of: Visual Capitalist   Canada is a mining nation. From the Rockies to the Canadian Shield, and from the Plains and to the North, the variety of geology that exists in the country is immense – and this has created a large and unique opportunity for ground-breaking mineral discoveries. As a result, Canada is… Read More

Fate of Canadian gold miner in Uruguay uncertain

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Known as the gold capital of Uruguay, the northeastern town of Minas de Corrales held an urgent community meeting this week with the ministers of Employment and Industry to analyze what can be done to support the hundreds of workers currently on employment insurance due to Orosur Mining’s (TSX, AIM: OMI) decision to slow down… Read More

New lawsuit against EPA for Gold King Mine spill

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Almost 300 Navajo farmers and ranchers filed a lawsuit against the U.S. Environmental Protection Agency, as well as against eight EPA subcontractors and mining companies and subsidiaries involved in the 2015 Gold King Mine spill. The accident at the ancient Colorado mine took place after an EPA’s clean-up team working at the site accidentally caused the… Read More

TheDailyGold Premium Update #582

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The 24-page update was published and emailed to subscribers at 9:45 pm pacific time. The update focuses on the sector outlook and specifically for Gold and the gold stocks. Is Gold ready to rally? Should hedges be sold? How much upside do miners have? These questions are answered in the update. Source: The Daily Gold

Gold Price Gearing Up To Rally?

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By Jim Curry – August 12, 2018 For the near-term, the next move for the gold market should be a rally with the 34-day time cycle, which is into extended range for a bottom: Source: gold-eagle.com

Gold Price Forecast: Recovery Attempt Has Failed

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By Christopher Aaron – August 11, 2018 Gold’s bottoming attempt following the 2015 low of $1,045 per ounce has failed to maintain a price structure indicative of a rising trend. Consequently, the odds have now shifted significantly that precious metals will not be in a bull market… Source: gold-eagle.com