I argued for some time now that there is a war on cash. That the government is ushering us to digitise our assets to lock us into the banking system.
When it comes to precious metals, most people only think to buy gold. On this particular day, I was after topping up my silver holdings.
Newcrest Mining Ltd [ASX:NCM] dropped 6.4% to a low a $23.53 this morning. The stock is still up close to 17% year-to-date. But, has the gold miner taken a turn for the worse?
Trump has the opportunity to fill more seats on the Fed’s board of Governors than any president since then. His influence goes further than that, however.
Oil prices fell heavily. Gold's under pressure, and iron ore prices are off their highs. Is this a standard correction for commodity markets, or is the fledging bull market about to come to an end?
Resolute Mining Ltd [ASX:RSG] is a gold miner operating mines in Africa and Australia. This morning, RSG dropped 6.69%, to a low of $1.25.
Now in the first week of March 2017, one single bitcoin has been consistently trading higher than the spot price of an ounce of physical gold. One bitcoin is now worth US$1,278. On ounce of gold is worth US$1,229.
Today I’m going to take a look at the gold price. It’s dropped off the radar a bit lately, despite the yellow metal having a pretty good run so far in 2017.
Shares of St Barbara Ltd [ASX:SBM] gained more than 5% today as the stock continues to rebound from a recent slump. It closed at $2.64. It’s now up 70% for the year.
The good news is that most Aussie gold stocks are financially-sound companies. They have little to no debt and lots of cash, thanks to a strong Aussie dollar gold price, which translates into strong cash flows.