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Tuesday, January 31, 2017

Gold World News Flash

Gold World News Flash


Trump, Trade, “The Wall,” and the Real Solution

Posted: 30 Jan 2017 11:01 PM PST

Guest Post from Clint Siegner, Money Metals Exchange Donald Trump's trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices. Regardless...

{This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!}

February Comex Gold Comes In With a Bang

Posted: 30 Jan 2017 07:28 PM PST

This gold fund looks to hedge against a strong dollar

Posted: 30 Jan 2017 06:55 PM PST

By Tom Anderson
CNBC, New York
Monday, January 30, 2017

The gold trade has historically been a good hedge against a weak dollar, but not usually a great investment when the greenback is going up. Today State Street Global Advisors and the World Gold Council launched an exchange-traded fund to figure out a way around that market friction point.

The SPDR Long Dollar Gold Trust ETF gains when gold priced in U.S. dollars rises or when the value of the U.S. dollar increases. It takes a long position on physical gold in U.S. dollars and shorts a group of major global currencies that include the euro, Japanese yen, British pound sterling, Canadian dollar, Swedish krona, and Swiss franc.

"There's nothing other than gold bars backing the product, and you're going to get the benefits of owning gold and owning gold in a strong-dollar environment," Joe Cavatoni, the World Gold Council's managing director of ETFs, told CNBC's "Squawk Box."

However, the new ETF will lose money when gold prices fall more than the value of the dollar rises. ...

... For the remainder of the report:

http://www.cnbc.com/2017/01/30/strong-dollar-can-bite-investors-looking-...



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James Turk: Urge President Trump to 'make money great again'

Posted: 30 Jan 2017 06:04 PM PST

9:05p ET Monday, January 30, 2017

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News about a movement requesting President Trump's support to "make money great again" -- that is, to facilitate the circulation of gold and silver as currencies without punitive taxation. Turk's commentary is posted at KWN here:

http://kingworldnews.com/james-turk-the-u-s-may-be-about-to-make-real-mo...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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At 3 Aces Project, Golden Predator Finds 7.5 Meters of 33 Grams-Per-Tonne Gold


Company Announcement
Thursday, January 19, 2017

VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) is pleased to report assay results for the first 13 holes of a total of 54 holes completed in the winter 2016 drill program at the 3 Aces Project in southeastern Yukon Territory.

Drilling has demonstrated an extension of high-grade gold at the Ace of Spades zone, as well as the exciting discovery of a blind vein and the occurrence of significant assay values in stockwork zones.

Significant results reported at true width include:

-- Hole 3A16-RC-032 intersected 7.54 meters of 32.86 grams per tonne gold from a depth of 16.76 meters, including 0.54 meters of 252 grams per tonne gold; and a new blind vein at a depth of 71.63 meters returned 3.23 meters of 10.04 grams per tonne gold. (The hole ended in mineralization. ...

For the remainder of the announcement:

http://www.goldenpredator.com/_resources/news/nr_2017_01_19.pdf



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Marina Bay Sands, Singapore
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Hong Kong Convention and Exhibition Centre
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Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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Ronan Manly: Bank of England tells Irish central bank to conceal gold info

Posted: 30 Jan 2017 05:45 PM PST

8:45p ET Monday, January 309, 2017

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly tonight concludes the tale of his struggle with Ireland's central bank to get any useful information about the nation's gold reserves. While, predictably enough, the bank shuts him out, Manly obtains documentation indicating that Ireland's gold has been leased out through the Bank of England and that the Bank of England presumed to instruct Ireland not to disclose any information about it because gold is far too sensitive a subject to entrust the mere public with. Manly's report is headlined "Ireland's Monetary Gold Reserves: High Level Secrecy vs. Freedom of Information -- Part 2" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/irelands-monetary-gold-res...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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Join GATA here:

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Marina Bay Sands, Singapore
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Wednesday-Friday, April 5-7, 2017
Hong Kong Convention and Exhibition Centre
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Help keep GATA going:

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Gold Mining Stocks Could Halve In 2017

Posted: 30 Jan 2017 02:45 PM PST

Sk Options Trading

Gold Mining Stocks Could Halve In 2017

Posted: 30 Jan 2017 02:14 PM PST

Fed Hikes and Their Impact on Gold

When the first hike was delivered, along with the intention to deliver 3-4 more, gold prices were hovering above $1000. Gold now sits over $100 higher than it was at the time of the first hike, having rallied to $1375 when hikes were taken off the table. In our view one hike will see gold test $1000, two will see $1000 break, and three hikes would see $720 tested.

Gold Seeker Closing Report: Gold and Silver Gain While Stocks and Dollar Drop

Posted: 30 Jan 2017 01:33 PM PST

Gold gained $4.74 to $1195.64 in Asia before it fell back to $1188.25 in London, but it then rose to a new session high of $1199.29 in New York and ended with a gain of 0.41%. Silver rose to as high as $17.27 and ended with a gain of 0.06%.

Trump's Trade Policy to Drive Price Inflation and Gold Buying

Posted: 30 Jan 2017 12:48 PM PST

Donald Trump's trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices. Regardless of where investors stand regarding the president's plan to make Mexico "pay" for the border wall, if he is successful in getting Congress to impose a hefty tax on imports it will mean higher prices for things. A tax on goods from China could be even more inflationary.

US Dollar Chartathon

Posted: 30 Jan 2017 12:37 PM PST

In this Weekend Report I'm going to show you some updated charts on the US dollar which has been in a bull market since the low in 2011. It's hard for a lot of investors to admit, but until the charts change the bull market continues. A bull market is characterized by a series of consolidation patterns forming one top of the next, until the last pattern is a reversal pattern which reverses the bull trend. The old expression, the trend is your friend, also applies to the US dollar as well. Until the US dollar negates the series of higher highs and higher lows on an intermediate term basis, we have to assume the bull market is in tact. Lets start by looking at a daily line chart for the US dollar which shows the horizontal trading range beginning back in March of 2015. The breakout topside of the horizontal trading range took place a little over 2 months ago in November of last year. After the initial breakout there was the initial backtest which could have been the beginning of the next impulse move up, but the US dollar stalled out a month later and is currently backtesting the top rail around the 100 area again.

Silver: On The Verge Of A New Bull Market?

Posted: 30 Jan 2017 11:36 AM PST

Gold Stock Bull

Bullion banks fleece gold longs so price can rise again, Embry tells KWN

Posted: 30 Jan 2017 10:42 AM PST

1:43p ET Monday, January 30, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry, interviewed by King World News today, notes the huge decline in active gold futures contracts on the New York Commodity Exchange in the last few days, indicating that the bullion banks have done their usual fleecing of speculative longs in preparation for another surge in the price. Embry's comments are posted at KWN here:

http://kingworldnews.com/emery-a-jaw-dropping-8-6-million-ounces-of-pape...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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K92 Mining Drills Multiple High-Grade Gold Intersections

Company Announcement
Friday, January 27, 2017

K92 Mining Inc. (TSXV–KNT) announces the latest results from the ongoing grade control drilling program at its high-grade Kainantu Gold Mine in Papua New Guinea. K92 is ramping up the Kainantu gold mine toward commercial production, with its longest continuous production run to date now commenced.

In September 2016 K92 began a campaign of close-spaced underground diamond drilling as part of a comprehensive grade-control strategy. The current grade-control drilling program is focused on the areas of Irumafimpa and is designed to bring a high degree of confidence to the production planning and scheduling. K92 plans to mine this area in the coming six months. The closed-space drilling pattern of approximately 15 metres by 15 meters has significantly increased the confidence in this sparsely drilled area, with most holes recording high-grade intersections. Approximately 80 percent of the holes completed to date have recorded multiple high-grade intersections indicating the presence of multiple parallel to sub parallel high-grade veins. ...

... For the remainder of the announcement:

http://www.k92mining.com/2017/01/k92-drills-multiple-high-grade-gold-int...



Join GATA here:

Dollar Vigilante Internationalization and Investment Summit
Friday, February 24, 2017
Resort Mundo Imperial
Acapulco, Mexico
http://tdvinvestmentsummit.com

Mining Investment Asia
Tuesday-Friday, March 28-31, 2017
Marina Bay Sands, Singapore
http://bit.ly/1DBH5lb

Mines and Money Asia
Wednesday-Friday, April 5-7, 2017
Hong Kong Convention and Exhibition Centre
http://asia.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Breaking News , President Donald J. Trump signs an executive order on regulatory reform

Posted: 30 Jan 2017 10:00 AM PST

Promises made, promises kept. Thank you Mr. President. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

Trump’s Trade Policy to Drive Price Inflation and Gold Buying

Posted: 30 Jan 2017 09:23 AM PST

Donald Trump's trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices. Regardless of where investors stand regarding the president's plan to make Mexico "pay" for the border wall, if he is successful in getting Congress to impose a hefty tax on imports it will mean higher prices for things. A tax on goods from China could be even more inflationary.

Is the Gold Market Finally Ready to Break...

Posted: 30 Jan 2017 08:53 AM PST

SafeHaven

Is the Gold Market Finally ready to breakout?

Posted: 30 Jan 2017 08:00 AM PST

Throughout 2016, we stated we did not expect much from Gold, and we stuck to this forecast, even though many experts went out of their way to report that Gold was ready to soar to the Moon or even to the next Galaxy. In fact, since 2011, we have continuously said that until the Trend turns positive, it would be best to play other lucrative markets, such as the general equities market, the US dollar, etc. During this time several experts stated that Gold was ready to surge and some issued insane targets ranging from $20,000-$50,000.

SWOT Analysis: The Dollar’s Future and What That Means for Gold

Posted: 30 Jan 2017 07:40 AM PST

The best performing precious metal for the week was platinum, up 0.74 percent. Silver also clocked a positive gain of 0.28 percent. Economic growth in the U.S. slowed more than forecast last quarter on the biggest trade drag in six years, reports Bloomberg. Net exports subtracted 1.7 percentage points from expansion in the October – December period, as dollar strength likely was a drag on growth. Should the new Trump administration push for a weaker dollar, this could lend support to gold.

Dollar Chartathon

Posted: 30 Jan 2017 07:08 AM PST

In this Weekend Report I'm going to show you some updated charts on the US dollar which has been in a bull market since the low in 2011. It's hard for a lot of investors to admit, but until the charts change the bull market continues. A bull market is characterized by a series of consolidation patterns forming one top of the next, until the last pattern is a reversal pattern which reverses the bull trend. The old expression, the trend is your friend, also applies to the US dollar as well. Until the US dollar negates the series of higher highs and higher lows on an intermediate term basis, we have to assume the bull market is in tact.

Silver Speculators Gone Wild

Posted: 30 Jan 2017 06:37 AM PST

This week, the prices of the metals had been up Sunday night but were slowly sliding all week—until Friday at 7:00am Arizona time (14:00 in London). Then the price of silver took off like a silver-speculator-fueled-rocket. It went from $16.68 to $17.25, or 3.4% in two hours.

Gold Resource Corporation Voluntarily Suspends Operations For Up To 48 Hours Following Two Recent Accidents

Posted: 30 Jan 2017 06:34 AM PST

Gold Resource Corporation ( NYSE MKT : GORO ) (the "Company") is saddened to report that an employee was fatally injured at its Arista Mine in Oaxaca, Mexico on January 29, 2017. The accident involved the operation of heavy equipment inside the mine.

Is the Gold Market Finally Ready to Breakout?

Posted: 30 Jan 2017 02:13 AM PST

If pleasures are greatest in anticipation, just remember that this is also true of trouble. - Elbert Hubbard Throughout  2016, we stated we did not expect much from Gold, and we stuck to this forecast, even though many experts went out of their way to report that Gold was ready to soar to the Moon or even to the next Galaxy.  In fact, since 2011, we have continuously said that until the Trend turns positive, it would be best to play other lucrative markets, such as the general equities market, the US dollar, etc.  During this time several experts stated that Gold was ready to surge and some issued insane targets ranging from $20,000-$50,000.  Under no circumstance can we ever see Gold going to $20,000 or $50,000 and even if drank a whole bottle of scotch or any other toxic compound it would still be very hard to visualise such a target. Issuing such targets is perfect for fear mongering, and we find that tactic to be unpleasant and distasteful.

Gold Mining Stocks Could Halve In 2017

Posted: 30 Jan 2017 01:52 AM PST

Fed Hikes and Their Impact on Gold When the first hike was delivered, along with the intention to deliver 3-4 more, gold prices were hovering above $1000. Gold now sits over $100 higher than it was at the time of the first hike, having rallied to $1375 when hikes were taken off the table. In our view one hike will see gold test $1000, two will see $1000 break, and three hikes would see $720 tested.

Breaking News And Best Of The Web

Posted: 30 Jan 2017 01:37 AM PST

US stocks down, gold and silver up slightly. President Trump begins with flurry of changes to Obamacare and NAFTA, bans immigrants from several countries, meets with UK prime minister and speaks to Mexican president, plans summit with Putin. Global debt continues to soar, especially in China. Marine Le Pen catches a break.   Best Of […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

Gold is One Tweet Away from New Highs

Posted: 30 Jan 2017 12:00 AM PST

President Trump's recent comments on Mexico and building a wall should give gold investors optimism, says Daniel Ameduri, cofounder of Future Money Trends.

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