Endeavour Silver To Expand El Cubo Mine; Production Guidance Raised
Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK) will expand its El Cubo mine, located in Guanajuato state, Mexico, in a bid to lower costs long-term.
Read moreGold Consolidation Underway, Support At $1,132/oz – Mitsubishi
Gold’s downtrend from the Jan. 22 highs remain intact, says Jonathan Butler, precious metals strategist for Mitsubishi. “[B]ut with gold now oversold on the RSI and MACD measures, a consolidation appears to be underway,” he says.
Gold Treads Water Ahead of FOMC Meeting
Gold prices are slightly lower in subdued dealings early Tuesday. Traders and investors are extra cautious ahead of the FOMC meeting that concludes Wednesday afternoon.
Read moreThe 6 P.M. Recap With Gary Wagner: Fed Gazing Weighs On Gold
Equities have gotten the word, from Asia to London to New York. The Fed is not interested in a rate rise anytime soon. Consequently, those markets, except for the Nikkei (which was down marginally), are all up. The German DAX and Shanghai were each up…
Read moreGold Prices At A Crossroads – Technical Analyst
(Kitco News) – With significant pressure on gold prices, the market is at a crossroads and one analyst says that investors should wait for a clear direction.
Read moreGold Prices Usually Fall 2% Ahead Of Rate Hikes – Barclays
As the gold market awaits Wednesday’s Federal Open Market Committee meeting for clues as to when the central bank will start raising rates, Barclays analysts say they expect further headwinds for the metals. “We believe that the gold market will remain bearish for the rest of the year in response to Fed rate hikes,” they say in a research note Monday. “[T]he metal’s price continued to decline last week, falling for nine days straight, with a small rally on Friday stopping the price decline,” they say, adding that this was the longest price slump since January 1998. The analysts say gold prices have been under pressure “by the market becoming increasingly confident that the Federal Reserve will raise rates in 2015.” They note that apart from the “hiking cycle of 2004-06, gold prices tend to fall 2% in the three months leading up to the rate hike.” Barclays analysts expect gold prices to average around $1,170 an ounce in 2015.
Gold Ends Narrowly Mixed; Weaker U.S. Dollar Limits Selling as FOMC Awaited
Gold futures prices ended the U.S. day session slightly higher Monday, while the cash, or spot, market finished modestly lower. A weaker U.S. dollar index on this day also encouraged some buying interest in gold and silver markets. Focus has turned to this week’s FOMC meeting. April Comex gold was last up $1.60 at $1,154.00 an ounce. May Comex silver was last up $0.121 at $15.615 an ounce.
B2Gold Masbate Impairments Worrisome; Balance Sheet Still Strong – CIBC
With consecutive quarters of B2Gold Corp.’s (TSX:BTO) Masbate mine being dinged with impairments and write-downs, CIBC notes the worrisome direction the mine is headed.
Gold Speculative Short Positions Hit 3 Month High – CFTC
Investors continue to expand their negative outlook on the gold market as the latest data from the Commodity Futures Trading Commission showed speculative short positions rose to a three month high.
Read moreStanford Research Examines If Fed Is Constitutional
Stanford Research Examines If Fed Is Constitutional
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