Friday 25 May 2018 | The view from Wall Street & Silicon Valley

Wednesday July 2, 2014 | By Ben Turney

Can gold keep moving higher?

Just over a month ago I wrote about gold’s break to the downside. Since then, the precious metal found its footing at about $1,250/oz and then rallied quite strongly, in response to the Federal Reserve signalling that monetary policy could remain loose for longer than many expected. Gold now trades at $1,325/oz, last seen and I’ve just taken a look at the latest Commitment of Traders (CoT) report for gold to try and gain some insight into the strength of the move higher. I’m afraid things don’t look too positive and much will depend on whether more speculators can be tempted back into the market.


Saturday June 28, 2014 | By Tom Winnifrith

Exclusive: Chevron to announce joint venture with London-listed Gulf Keystone within days – source

Shares in London's Alternative Investment Market-listed Gulf Keystone (GKP) have soared in recent days partly on hopes that CEO Todd Kozel would be given the boot at the AGM on 17th July but also on speculation that the company could receive a takeover approach. We understand from a reliable source that there will be no bid.

EPIC code: CVX

Friday June 27, 2014 | By Staff Writer

A slight rise in gold could see a surge in gold stocks

Steve Todoruk, an Investment Executive at Sprott Global Resource Investments Ltd. since 2003, said recently positive signs were beginning to take shape for the bigger mining firms. Many of these big companies are now healthy enough to start acquiring assets, scooping up the low-hanging fruit in the sector – attractive assets or companies that are still cheap.


Wednesday June 25, 2014 | By Staff Writer

‘Tapering’ Is Good for Gold

Charles Oliver manages the Sprott Gold & Precious Minerals Fund, which invests principally in gold and silver mining and exploration companies. The last time Sprott spoke with Mr. Oliver, he said the fundamentals for gold still looked attractive, based on gold’s historical performance relative to the Dow Jones. Sprott spoke with him recently in Toronto. Click to read the interview.


Wednesday June 25, 2014 | By Staff Writer

Have Gold Miners Turned the Corner? – Steve Todoruk of Sprott Global Resource Investments

Steve Todoruk joined Rick Rule in 2003 at Sprott Global Resource Investments Ltd., after running several small exploration companies himself. Steve believes the latest signs for the resource sector are pointing upwards, as the latest acquisition activity in the sector shows that big miners are feeling healthier and more confident. He warns that metals prices could remain low, but it looks like big mining firms are beginning to exit the slump intact:


Friday June 13, 2014 | By Staff Writer

Mark Skousen: New Official Stat is ‘Supply-Side’ Victory

Mark Skousen authored The Structure of Production, a best-seller about economics. A Presidential Fellow at Chapman University, he is also a long-time friend of Rick Rule, who has recommended his book to many of his clients and friends. In Structure, Skousen makes the case that modern economists downplay the importance of the business sector in the economy, and overstate the importance of consumer spending. In particular, he believes that the GDP should not be used as a sole measure of economic activity.


Wednesday June 11, 2014 | By Ross Norman of Sharps Pixley

Could the South African strike help boost gold?

The U.S. Comex gold futures have risen 0.61% this week to end at $1,260.10 on Tuesday on the back of the breakdown of the talk to end the South African miners strike and the precious metals group rally. The S&P 500 Index has been flat and the Euro Stoxx 50 Index has risen 0.59% during the same period. The Euro/Dollar has dropped 0.70% this week to 1.3547 on Tuesday while the Dollar Index has risen 0.51%. The U.S. ten-year government bond yield surged 6bp to 2.644% in the past two days.


Wednesday June 11, 2014 | By Ben Turney

VIX at lowest level since Feb 2007, but which way will the S&P 500 head next?

The Chicago Board Options Exchange Market Volatility Index (the “VIX”) is one of the most widely followed barometers of the market’s mood. The VIX is an index which measures the implied volatility of S&P500 index options and gives a projection of expected volatility among US stocks over the next 30 day period. As a rule of thumb, when the VIX is low investors are meant to be confident (complacent?) and when it is high they are meant to be fearful. On Monday the VIX closed at its lowest mark since February 2007 (at 10.73), but what does this suggest about the next direction markets might take?


Tuesday June 3, 2014 | By Staff Writer

Connecting the Dots in the Gold Market By Eric Sprott

In this month’s Markets at a Glance, we present a collection of thoughts on why we think precious metals are a compelling investment now.


Thursday May 29, 2014 | By Ben Turney

Gold breaks to the downside

Gold’s sudden collapse this week is going to have caught out a lot of bulls. Unfortunately I am on the wrong side of this trade, but thanks to my MIDAS analysis last week, I escaped with a minimal loss. The latest small plunge in gold is a real confidence sapper. Just when it looked like the yellow metal was gaining some traction, the bears swung back into action and now there are questions over the durability of this year’s rally. Thankfully, though, it’s not all bad news.


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