The U.S. and China have reportedly made "unprecedented" progress on trade talksDow Jones Industrial Average (DJI) futures are perched just below fair value this morning. Investors are digesting a 2.2% rise in fourth-quarter gross domestic product (GDP) --on par with estimates, but downwardly revised from the previous reading of 2.6%. Trade talks between the U.S. and China are also in focus, after...Read More
South African mining companies are challenging parts of a government charter aimed at redistributing the country's mineral wealth, saying it will deter new investment in the industry.The charter is in breach of a court order issued last April, which ruled that previous versions of the regulations didn't require miners to top up black-shareholding levels if they previously met a minimum 26 percent...Read More
(Updates with closing prices)By Peter HobsonLONDON, March 28 (Reuters) - Copper prices rose on Thursdayas the threat of disruption at a mine in Peru underlined fearsthat the market is undersupplied, while investors waited fornews from U.S.-China trade talks starting in Beijing.Benchmark copper on the London Metal Exchange (LME)did not trade but was bid 0.4 percent higher at $6,360 a tonneat the cl...Read More
The Federal Government of Australia today launched the Critical Minerals Strategy 2019, aimed at putting emphasis on what politicians call "the industries of the future." In their view, these sectors include agritech, aerospace, defense, renewable energy and telecommunications."We have some of the world's richest stocks of critical minerals and while the market for some of our minerals such as lit...Read More
* London's FTSE outperforms as pound falters on Brexit woes * European banks lower as bond yields slide * Swedish banks hit by money laundering scandal * Sentiment tempered by disappointing U.S. GDP numbers * U.S.-China trade talks in focus(Updates to closing)By Susan MathewMarch 28 (Reuters) - European shares pared early gains tofinish lower on Thursday as optimism around some progress inU.S.-Chi...Read More
Canada's Walker River Resources (TSXV: WRR) announced this week that it signed a letter of intent with Smooth Rock Ventures (TSXV: SOCK) to enter into an exploration agreement with option to form a joint venture on the Garfield Flats project, located in Mineral County, Nevada.Smooth Rock can earn an undivided 50% interest in the property by funding $600,000 in exploration expenditures. Walker, o...Read More
A steady rally since mid-August 2018.The Fed gives gold the green light.A stable dollar is supportive of gains.Two levels to watch on the upside.Franco-Nevada Corporation and the royalty model.Gold has been shining in 2019, and there are signs that the precious metal will continue its lustrous price activity over the coming weeks and months. Both fundamental and technical factors are supportive of...Read More
(Recasts, updates prices)By Saikat Chatterjee and Tom FinnLONDON, March 28 (Reuters) - Sterling sank to a one-week lowon Thursday as the prospects for a swift agreement on Brexitfaded with the British parliament failing to agree on a wayforward.The pound struggled against a resurgent dollar and tookanother leg down after a British government source said that aso-called "meaningful" vote...Read More
Joint venture partners AngloGold Ashanti (JSE:ANG) (NYSE:AU) and Independence Group (IGO) have approved a $79.3 million underground expansion at their Tropicana gold mine in Western Australia.The project, dubbed the Boston Shaker, is expected to contribute higher-grade mill feed, resulting in an improved gold production profile and enhanced cash flow.Once the underground portion is operative,...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined after the U.S. trade deficit fell more than expected but Wall Street's worries about a U.S. recession remained. Lennar Corp. (LEN) climbed 3.9% even after the homebuilder reported weaker-than-expected first-quarter earnings. Centene (CNC) fell 5% after it said it would acquire smalle...Read More
There was a point in the early 1990s when lunchtime London wine tipplers above a certain pay-grade would boast of being in the ABC club: "anything but Chardonnay." Now it seems central bank reserve managers have founded a rather less bibulous fraternity of their own, the ABD club: "anything but (U.S.) dollars." A snobbish revulsion to a grape that produces the finest white burgundies was larg...Read More
The Wednesday Market Minute Global stocks edge cautiously higher, with bond market movements dictating sentiment, as investors growing increasingly concerned over weak U.S. economic data.U.S. Treasury curve remains inverted between 3-month bills and 10-year notes after tipping for the first time since 2007 last week.U.K. Prime Minister Theresa May could announce a date for her departure later to...Read More
By: Dave KranzlerGold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks like visually:As you can see, as each key physical gold trading/delivery market closes, the price of gold is taken...Read More
By: IRA EPSTEINGold at a very critical area, overbought and momentum pointing lower -- $1287-1289 area support...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More
A driving trip down the Pacific Coast normally involves winnowing a long list of great views and spectacular hiking/biking trails down to fit the allotted (never sufficient) time.Continue...Read More
China has made significant new proposals in talks with the United States on a range of issues including forced technology transfer Continue...Read More
Recently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying opportunity in preparation...Read More
A Perfect Storm ishitting the Gold market, with an internal factor (QE), an external factor (SGE),and a systemic factor (Basel). All three forces are positive in releasing Gold from the corruptclutches of the Anglo-American banker organization. The East has an all-out blitz to ditch the USDollar and to adopt the Gold Standard in its early form, namely trade payment.In the last ten years since the...Read More
By: Dave KranzlerGold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks like visually:As you can see, as each key physical gold trading/delivery market closes, the price of gold is taken...Read More