* U.S. central bank to start two-day policy meeting * Dollar down 1.3 pct over last 10 sessions * Aussie trims gains after RBA minutes * Graphic: World FX rates in 2019 (Adds context, graphics, updates prices)By Tom FinnLONDON, March 19 (Reuters) - The Japanese yen rose onTuesday, benefiting from a U.S. dollar hit by concern over theU.S. economy and expectations that the Federal Reserve willprove...Read More
* Palladium hits a record high of $1,606/oz* Gold edges up for a third consecutive session * SPDR gold holdings post biggest daily gain since Jan. 18 (Updates prices)By Arijit BoseMarch 19 (Reuters) - Palladium hit its highest ever onTuesday, crossing the $1,600 an ounce mark for the first time asnews that Russia is planning to ban exports of precious metalsscrap fuelled concerns over an already s...Read More
Chilean miner Antofagasta Plc. (LON: ANTO) expects the anticipated global copper deficit to hit between 100,000 and 300,000 tonnes this year as consumption growth remains positive, but production increases are minimal.Releasing the company's annual results, chief executive Iv??n Arriagada also revealed that the first phase of a planned expansion at its flagship Los Pelambres copper mine had been a...Read More
A report published by Deloitte Access Economics reveals that Australian mining companies paid A$30.6 billion in company tax and royalties in 2017-18 - the equivalent of all Federal Government spending on Australian schools, universities and vocational training.According to the report, the dollar amount paid in company taxes over the past couple of years surpasses that of 2011-12, which was the pea...Read More
Granada Gold Mine (TSXV: GGM) reported that it attained higher grades after running a preliminary gravity separation study on lower-grade, gold-bearing rock from its Granada Gold project in Rouyn-Noranda, Quebec.In a media statement, Granada said that the higher grades attained during the tests may have implications for the grade of future mill feed, the size of the gold deposit, and the costs ass...Read More
* Sentiment reading rises far more than expected * Possible Brexit delay, progress on U.S.-Sino trade talkshelp * But ZEW still sees weak German growth in H1 * Germany narrowly avoided recession in late 2018 (Adds background)BERLIN, March 19 (Reuters) - The mood among German investorsimproved by much more than expected in March, a survey by theZEW research institute showed on Tuesday, as a potenti...Read More
* FTSE 100 stretches winning streak to seven sessions * FTSE 250 up 0.3 pct * Oil, miners boost main index * Ocado shrugs off Andover fire to hit life high * Antofagasta rises on higher-than-expected dividend payout (Adds news items, updates to closing prices)By Shashwat Awasthi and Yadarisa ShabongMarch 19 (Reuters) - Britain's FTSE 100 extended its winningstreak to seven sessions on Tuesday as m...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Brendan Blumer believes that Bitcoin will become a primary store of value in 20 years. BTC/USD recovery is capped by $4,000. The first digital currency will replace gold as a store of value of choice in 20 years, according to EOS COE and co-founder Brendan Blumer. He is sure that transaction fees will inevitably grow after the last Bitcoin is mined; however, various scalability solutions, like L...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Monday. A decline in shares of Boeing (BA) and a report saying that U.S.-China trade talks may be pushed back to June limited gains. Shares of Overstock (OSTK) tumbled after the discount e-tailer missed fourth-quarter expectations. Shares fell 5.3%. Lumber Liquidators (L...Read More
James Hyerczyk21 hours ago (Mar 18, 2019 3:23 AM GMT)Gold futures closed higher last week, confirming the previous week’s closing price reversal bottom. The market was driven higher by a drop in U.S. Treasury yields. This move made the U.S. Dollar a less-desirable investment, while driving up demand for dollar-denominated gold. Helping to put a cap on gold prices was increased demand for hi...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 19, 2019 The next US central bank announcement is tomorrow, and whatever happens is win-win for gold.If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly. If the Fed does nothing and makes another statement that QT coul...Read More
In recent weeks we noted the bullish outlook for the stock market.Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S&P 500 and global equities (ACWX...Read More
DaBoyz have been artfully rotating money between a handful of high-profile stocks in order to keep this distributive rally going for as long as possible. On Monday, although the broad averages seemed leaden all day, the Dow still eked out a 65-point gain while AMZN, AAPL and MSFT rose, respectively, 1.75%, 1.08% and 1.48%. This was despite the fact that shares of Boeing, the 800-pound gorilla of...Read More
By: IRA EPSTEINGold waiting for FOMC tomorrowRead More
Wish everyone a very colorful holiThe region between $1290-$1310 is a very dangerous zone for day traders. Right now gold is bullish and looks headed for $1330+. Trend (after FOMC) in gold and silver n Thursday and Friday is the key. There will be buyers on dips and short covering if gold and silver rise on the latter half of the week. Brexit is still in a limbo. China buying more farm products...Read More
Link to article discussed:https://harley.larouchepac.com/green_...Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/basel...Question 1. JR: Have you had a chance to review Basel III? Doesn't this mean that when you go to take money out of your depositor bank, the money won't be there? Am I right in believing this is absolutely the end game?Question 2. Jim D: Could you please comment on the Basel III changes scheduled for end of March? Assuming bank...Read More
Max talks to Karl Denninger of Market-Ticker.org about why the next crash will NOT be a repeat of 2008, but much, much worse. They talk about the Fed promising negative rates in the event of another crash.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, an...Read More
Of all of man's addictions, debt is perhaps the most harmful and destructive. Time and again, profligate debt and spending has brought down civilizations. And it's happening now. The Trump Admin has proposed holding colleges and universities liable for their defaulting students. A great first step that will probably never happen, due to the powerful educational-industrial lobby. But why stop there...Read More