Gold futures are trading nearly flat on Monday after touching a one-week high early in the session. The dollar-denominated asset is being supported by a weaker U.S. Dollar, a slight dip in U.S. Treasury yields and a rise in demand for equities.

Additionally, mounting coronavirus cases continue to fuel concerns over the pandemic’s impact on the global economic recovery, but this is being offset by renewed expectations for further fiscal stimulus from the government and sustained monetary stimulus from the U.S. Federal Reserve.

Daily December Comex Gold Daily Swing Chart Technical Analysis

The main trend is down according to the daily swing chart. A trade through $1848.00 will signal a resumption of the downtrend. The main trend will change to up on a trade through $1966.10.The main range is $1690.10 to $2089.20. The market is currently testing its retracement zone at $1889.70 to $1842.60. This zone appears to be controlling the […]

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Gold Prices, Federal Reserve, Congress, Coronavirus Vaccine, Monetary Policy – Talking Points:

The historic signing of the world’s largest free-trade agreement notably buoyed Asian equity markets.

Asia-Pacific Recap

Asian equity markets continued to push higher during Asia-Pacific trade, as regional investors cheered regional trade progress and resistance to enforcing a national lockdown in the United States.Japan’s Nikkei 225 soared over 2% on the back of better-than-expected GDP results and the signing of the world’s largest free trade agreement, known as the Regional Comprehensive Economic Partnership (RCEP).Australia’s ASX 200 climbed 1.2% before market data issues resulted in the suspension of share trading.The haven-associated US Dollar and Japanese Yen continued to lose ground against their major counterparts, while the cyclically-sensitive AUD , NZD , CAD and NOK all largely outperformed. Copper surged over 2.5% after Chinese industrial production figures for October exceeded market expectations.Looking ahead, a slew of speeches from […]

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The precious metals sector has been in a pullback for the last three months. Even though prices have not marked new lows in the last eight weeks, the trend-less sideways consolidation has certainly created a lot of stress, pain and question marks especially amongst the many new and unexperienced investors in the sector. After all, gold should have exploded thanks to money printing and the uncertain US election. However, if you follow us at Midas Touch Consulting for a while you are well aware that we have been very vocally warning of a correction in gold in early august. So far, this has played out textbook style and our call for patience was spot on. Gold – A few more weeks of patience. Review

Since the new all-time high, which the spot gold price reached on August 7th at US$ 2,075, the precious metals sector is in a […]

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Trump’s nominee, Judy Shelton appears headed to the Fed.

Judy Shelton Has the Votes

Senator Lisa Murkowski (R-Alaska) will now back Shelton giving the candidate 51 votes for the appointment.

With that, Judy Shelton Heads for Confirmation to a Federal Reserve Seat . “I’ve had an opportunity to talk to Judy Shelton and I’m going to be supporting her,” Murkowski told reporters Thursday afternoon, according to reports in various news outlets. Shelton’s nomination had been stalled in the Senate even though the finance committee cleared her by a narrow party-line 13-12 vote in July. Several key Republicans had been wavering in their support, and it appeared for some time that the nomination would not clear before the current congressional session ended. At the contentious July hearing, senators grilled Shelton over her views on Fed independence, her support of the gold standard and her wavering over whether bank deposits should […]

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Summary

Victoria Gold released its Q3 results last week and reported gold production of 35,300 ounces, tracking well below its H2 2020 guidance.

Given the lower gold sales than expected and increased sustaining capex, all-in sustaining costs came in well above the industry average at $1,315/oz.

Fortunately, the higher gold price made up for the much higher than expected costs, with the company reporting an all-in sustaining cost margin of $571/oz.I see more attractive opportunities elsewhere in the sector, but any drop below C$11.00 would significantly improve the valuation here.We’re now more than three-quarters of the way through the Q3 Earnings Season for the Gold Miners ( GDX ) and the most recent name to report its results is Victoria Gold ( OTCPK:VITFF ). The company was able to achieve commercial production amid COVID-19 at its Eagle Gold Miner in the Yukon Territories but had a tough first quarter of operations and […]

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Earlier this week, the news of a highly effective vaccine seemed like good news for almost all stocks. However, some TSX stocks seemed to suffer as a result.

Now that the vaccine looks to be on the way, investors have switched focus to distressed businesses and have sold-off tech and gold stocks which have rallied through the pandemic.

If you think about it, this doesn’t make a whole lot of sense. Gold has been rallying because of the financial and economic consequences of the virus.

The vaccine is extremely important to start to help save lives. However, it doesn’t fix the lingering economic issues caused by the pandemic. Furthermore, one of the biggest catalysts for gold prices over the short-term was an inevitable stimulus bill that the United States desperately needs.No matter what happens when Joe Biden takes over as President or the news of how safe the vaccine is (which is […]

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Summary

Seabridge is a backdoor play on rising copper prices with its monster reserves at KSM.

The company’s inground resources provide the highest underlying leverage to gold quotes of any miner or exploration company.

Excessive central bank money printing is supporting higher gold and copper prices over the long run.Out-of-control deficit stimulus spending to prop up the economy during the coronavirus pandemic may spike future money supply numbers.Seabridge is morphing into a must-own for precious metal portfolios, at least from my perspective trading similar businesses the last three decades. Seabridge Gold (NYSE: SA ) owns one of the largest undeveloped copper/gold properties in North America, the Kerr-Sulphurets-Mitchell deposits located in British Columbia, Canada. The company also owns several unrelated but important development projects, including the Courageous Lake property located in the Northwest Territories, Canada. When you add up all the assets, each Seabridge share represents the highest theoretical underlying gold holdings per […]

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In the last week of January, when the Covid-19 pandemic began to affect the world, gold prices hit a three-week high. The dizzying climb of the precious metal has not abated since then, with numerous gold mines making a better profit than in previous years. (Nicolo Filippo Rosso/Bloomberg via Getty Images) In the last week of January, when the Covid-19 pandemic began to affect the world, gold prices hit a three-week high. The dizzying climb of the precious metal has not abated since then, with numerous gold mines making a better profit than in previous years.

Within that week in January, gold was up 0.4%, trading at $1 572 an ounce.

Lester Davids, the trading desk analyst at Unum Capital, said the pandemic has created a risk-off sentiment — investors are gravitating towards lower-risk investments such as gold.

Since January, the gold price has gone up by at least 25%, peaking in […]

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Gold bulls think they see a buying opportunity. Picture: Getty Images share

Gold prices retreated last week on Pfizer’s vaccine news

Price was trading around $US1,880 on Friday – buying opportunity?

TD Securities and Royal Bank of Canada say macro case remains strong Gold prices have dipped following positive news about Pfizer’s coronavirus vaccine candidate – but a number of analyst say the bull case for gold remains.The Royal Bank of Canada and TD Securities last week both made the case for gold even as it tested a crucial support level around $US1,850 an ounce on Pfizer’s news.“Vaccine should ultimately be a boon for gold bugs, as the Fed could keep nominal rates capped while inflation expectations could firm further as a result,” TD Securities strategists wrote on Wednesday .RBC meanwhile said in a note to clients on Thursday that while investor flows to gold had levelled out, an […]

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Reports are going to have little impact on gold because all of those reports represent data accumulated prior to the current surge in COVID-19. Gold futures settled sharply lower last week with most of the losses taking place in one session, while the rest of the week, the market attempted to claw back these losses.

The market plunged nearly 5% last Monday after Pfizer said its experimental COVID-19 vaccine was over 90% effective based on initial trial results. However, the vaccine optimism was tempered throughout the week by a spike in coronavirus cases in the United States and Europe.

A Reuters tally showed novel COVID-19 cases soared by more than 100% in 13 U.S. states in the past two weeks, while the global tally crossed 52.45 million, underpinning the need for more stimulus.

Last week, December Comex gold settled at $1886.20, $65.50 or -3.36%.Despite the steep sell-off, gold prices remained underpinned by […]

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Gold bullion on a chart When the Covid-19 pandemic struck, most FTSE 100 shares crashed. Investors piled out of shares, and into gold. Bullion bounced, and the price of an ounce had soared to over $2,000 by August.

That’s not surprising. Traditionally, investors move out of stocks and into things like gold when shares get a bit rocky. Folks tend to see shares as something to make profits from, with gold held as a means of wealth preservation. People move into cash for the same reason, even in times when interest rates are tiny. Earning no interest from a savings account is still better than losing money on the stock market, right?

Gold was already slipping, and the events of the past week or so have accelerated the trend. Firstly, world stock markets reacted positively to the news that Joe Biden has won the US Presidential election. The FTSE 100 was […]

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Gold has closed higher for three of the last four trading days. That being said, gold did sustain a sizable price decline this week. On Monday gold futures traded to a low of $1,848, and closed just slightly above that at $1,854.30. As of 3:45 PM EST, the most active December Comex contract is currently fixed at $1,886.20, after factoring in today’s gain of $12.90 (+ 0.69%). Dollar weakness accounted for a portion of today’s gains. The US dollar index lost approximately ¼% and is currently fixed at 92.73. The low that gold traded to on Monday is a significant technical price point as it represents a 38.2% Fibonacci retracement of the rally which began in March, when gold was trading at $1,450, to the new record high of $2,088 which occurred on August 7. On a technical basis, the price decline from the highs of August could be […]

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LONDON (Reuters) – The world’s most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed. FILE PHOTO: A woman walks past gold jewellery displayed in a shop window at the Gold Souq in Dubai, United Arab Emirates March 24, 2018. REUTERS/Christopher Pike In the letter dated Nov. 6 addressed to countries with large gold markets, the London Bullion Market Association (LBMA) laid out standards they must meet on issues such as money laundering and where they source their gold – or be blacklisted.

The move by the LBMA is the first time a market or state authority trying to tackle the illegal or unethical production and trading of gold has raised the prospect of cutting off the bullion industry in a major financial centre.

“Our goal is […]

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Gold markets rallied a bit during the trading session on Friday, as we continue to see central banks around the world flood the markets with liquidity. Because of this, it is very likely that we will continue to see precious metals react in the same way, gaining due to central bank behavior. As fiat currencies continue to see devaluation due to the flooding of liquidity, it makes sense that traders will be looking towards gold for wealth preservation. Furthermore, there is also a safety aspect of trading gold. Gold Price Predictions Video 16.11.20

The market has been sideways for quite some time, and the fact that the massive candlestick from Monday has not been broken to the downside is rather impressive. That being said, even if we do break down from here, I am still very interested in buying short-term pullbacks, and have no interest in shorting this market. […]

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Gold closed last two days of the week in the positive territory.

XAU/USD lost more than 3% for the week.

Gold could continue to push higher with a daily close above $1,900.

The XAU/USD pair closed the last two days of the week in the positive territory but closed below $1,900. On a weekly basis, the pair erased more than 3%. Gold technical outlook Despite the recovery witnessed in the second half of the week, the Relative Strength Index (RSI) indicator on the daily chart stays below 50, pointing out to a neutral outlook in the near-term. On the upside, $1,900 (50-day SMA, 100-day SMA, Fibonacci 50% retracement of the June-August uptrend) aligns as a key resistance. With a daily close above that level, gold could target $1,930 (Fibonacci 38.2% retracement).On the other hand, strong support seems to have formed at $1,850 (Fibonacci 61.8% retracement). If […]

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Markets are expecting yet another fiscal stimulus when Joe Biden assumes office as President, which will lead to an increase in the gold prices By Urvashi Valecha

Even though gold prices fell by 4.5% in the international markets this week, the decline is temporary as the yellow metal will maintain its lustre in Samvat 2077. According to experts, despite the slowdown in the global economy, chances of yet another fiscal stimulus and rising inflation will contribute to the rally in gold prices in the coming months.

Owing to the uncertainty over the US-China trade war and then the Covid-19 pandemic, gold saw a bull run in Samvat 2076, clocking returns of 30.1% in rupee terms and 25% in dollar terms. While the uncertainty over the major events like the US elections and novel coronavirus is nearing an end, experts believe that the long-term outlook for gold remains positive. This is […]

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Xbox Live Gold subscribers on Xbox Series X and Xbox One have two new free games to download. Unfortunately, for owners of the brand new Series X or Series S, neither game is a next-gen experience, but rather one is an Xbox One game and the other is an Xbox 360 game, both of which are playable on Series X and Series S via backward compatibility.

More specifically, Xbox Live Gold subscribers can now download both LEGO Indiana Jones and Swimsanity , but only for a limited time. The former is free until November 30, while the latter is actually free until December 15. After each of these respective dates pass, each game will return to their normal prices. That said, once downloaded, both games are permanent additions to your library as long as you maintain an active subscription to Xbox Live Gold, which is required to access them.

Below, you […]

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Markets continued their upward trend this week, gaining ground since the November 3 vote. There is an optimistic view that politics will settle into a more normal pattern with a new Administration. Even so, investors have been wary this past autumn – as there is plenty to be wary about. The coronavirus has started a comeback with the advent of cooler weather, and the political uncertainty that surrounded the election has left the status of further economic stimulus packages in limbo.It’s times like these that investors start taking a renewed interest in dividend stocks. These are the classic defensive stocks, and for good reason: a reliable dividend keeps the income flowing, no matter what the markets do. Wall Street analysts have chimed in – and they are recommending high-yield dividend stocks for investors looking to find protection for their portfolio. Here, we’ll take a look at three stocks that […]

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Does the November share price for Kirkland Lake Gold Ltd. ( TSE:KL ) reflect what it’s really worth? Today, we will estimate the stock’s intrinsic value by projecting its future cash flows and then discounting them to today’s value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Models like these may appear beyond the comprehension of a lay person, but they’re fairly easy to follow.

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . Crunching the numbers

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a […]

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Ladies and Gentlemen, the new President of the United States is… still unknown! The election results are not available, as some states are still counting the votes. The race is very balanced, with few states remaining too close to call. At the moment of writing this report, Joe Biden leads the White House race with 253 electoral votes, while Donald Trump has 213 electoral votes. So, Biden is more likely to become the new POTUS . However, with those few states officially still undecided, Trump could still win. Hopefully, we will get some of the results later today, but it might even take several days to count the ballots in some locations.

One thing is sure: Trump over-performed polls and expectations in the presidential election, again. What a shame, pollsters! We warned our Readers several times against trusting polls:

“although mainstream pollsters have corrected some of the mistakes they made […]

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(Photo Credit: SinBin.vegas Photographer Brandon Andreasen) The Golden Knights have never failed to keep things interesting when it comes to the trade market. From the offseason to the deadline, Vegas is always looking to get in on the action. Since the Expansion Draft (where they made 15 trades), George McPhee and Kelly McCrimmon have made 17 NHL level trades.

I went back and put three grades on every single one of them. The first grade is the short-term grade which is intended to judge just the season in which that deal was made. Mid-term grade looks two to three years into the future, and long-term grade is four years and beyond. Here are the grades.

October 6th, 2017
Calvin Pickard for Tobias Lindberg and 6th round pick (Peter Diliberatore)
Short-term grade: F Mid-term grade: D Long-term grade: B Salary Cap Driven: NOLiterally a week after the deal went down, Marc-Andre Fleury […]

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