Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar.Gold in USD - 10 Years - (GoldCore)U.S. producer prices accelerated in January, boosted by strong rises in the cost of gaso...Read More
VANCOUVER , Feb. 16, 2018 /CNW/ - Northern Vertex Mining Corp. (NEE.V) (OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce we have entered the final stages of commissioning at the Moss Mine. We have commenced leaching ore on the pad in preparation for our first gold pour in Q1 2018. The final US$3M working capital draw is underway as we transition from developm...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.The United States is facing a retirement crisis, as many of today's workers will lack the resources necessary to retire at a traditional age and maintain their standard of living.This time on Financial Sense's Lifetime Income Series, we spoke with Alicia Munnell, Professor of Management Science at Boston...Read More
Source: bastardo122 on RedditThe big question on my mind is whether this correction will be like the many we have faced or whether this correction is not like the others. The issue is that many of the fear indicators we've used in the past to pinpoint capitulation have been reached. Here's a look at some of those indicators.The VIX hit 50 and has currently dropped below 20.Source: StockCharts (Pas...Read More
"I am running for United States Senate to serve the people of Utah and bring Utah's values to Washington," Romney announced on Twitter.Continue...Read More
We are told that the economy is strong. With global stock markets near all-time highs and real estate prices near or better than 2006, many people believe this is true. Happy days are here again!No one really knows what specifically caused the recent market sell-off. Some say it was the whiff of higher inflation caused by the highest wage increase since 2009. Is it possible that the recent market...Read More
Rick discusses how the Trump administration stated that a weaker dollar would be helpful. The decision to provide the boomer generation with a 1.5 trillion dollar tax cut will be paid for by younger generations. The interim spending bill will add 300 billion dollars to this year's budget as well as huge commitments to funding infrastructure with no mention of where the money will come from. The US...Read More
"In the US, regulators are not strong enough to stand up to the monopolies' political influence. The EU is better positioned, because it doesn't have any platform giants of its ownContinue...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Last week, volatility made a long-overdue return to the US and global equity markets. It began with a 2-day back-to-back violent drop. Day 3 saw a big reboundContinue...Read More
Robert Mueller discredited himself and his orchestrated Russiagate investigation today (Friday, February 16, 2018) with his charges that Continue...Read More
Continue...Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperfor...Read More
* Underlying profit slid to $116 mln in 6 mths to Dec. 31* That was down from $273 million the year before* Expects gold production to pick up in current half (Recasts on CEO comment, adds analyst comment, changes date in dateline)Feb 16 (Reuters) - Australia's top gold miner, Newcrest Mining Ltd , expects output to grow in the coming months as its flagship site gradually ramps up after operations...Read More
* Wakatabe seen as advocate of bolder easing* Veteran central banker Amamiya gets other deputy post* Choice of Wakatabe could complicate Kuroda's task* New leadership to maintain policy status quo (Adds inflation still far from target)By Tetsushi Kajimoto and Leika KiharaTOKYO, Feb 16 (Reuters) - Japan reappointed central bank chief Haruhiko Kuroda for another term on Friday, and chose an advocate...Read More
TOKYO, Feb 16 (Reuters) - Japan's two cryptocurrency industry groups are planning to merge to form a self-regulating body, seeking to better safeguard investors after last month's $530 million heist of digital money, sources involved in the negotiations said.The Japan Blockchain Association and the Japan Cryptocurrency Business Association are expected to merge as early as April, the sources said....Read More
CloseGain/LossGold $1353.40+$1.30Silver$16.88+$0.01XAU85.48-0.02%HUI189.36-0.02%GDM645.96+4.90%JSE Gold1197.05+23.79USD88.58-0.37Euro125.02+0.44Yen94.27+0.78Oil$61.34+$0.7410-Year2.902%-0.009T-Bond143.90625+0.53125Dow25200.37+1.23%Nasdaq7256.43+1.58%S&P2731.20+1.21% The Metals: Gold gained $4.90 to $1357.00 in late Asian trade before it drifted back to $1348.60 in London and then bounced b...Read More
Research Director at GoldCore, Mark O'Byrne talks to IG TV's Victoria Scholar about the outlook for the gold price.In this interview, Mark O'Byrne, research director at Goldcore, says the fact that the gold price did not spike during last week's equity sell-off was to be expected.He said even at the height of the global financial crisis, amid the collapse in the Wall Street behemoth Lehman Broth...Read More
* Dollar index on track to fall 2 pct on the week* Yen, euro, sterling headed for large weekly gains By Shinichi SaoshiroTOKYO, Feb 16 (Reuters) - The dollar languished near a three-year low against a basket of currencies on Friday, headed for its biggest weekly loss in nine months, as a slew of bearish factors offset support for the U.S. currency from rising Treasury yields amid firming inflatio...Read More
SYDNEY, Feb 16 (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday the central bank would prefer a lower exchange rate, although on a trade-weighted basis the local dollar was "manageable."The Australian dollar climbed to a 2-1/2 year high of $0.8136 late last month as the greenback languished. The Aussie has since come off those levels but was still elevated...Read More
(Recasts, updates prices throughout)By Bruno FederowskiSAO PAULO, Feb 15 (Reuters) - Latin American markets rose broadly on Thursday as global stocks shrugged off recent losses and traded higher, supporting demand for riskier assets.Currencies and stocks across the region gained as global markets recovered from a deep selloff triggered by figures showing rising U.S. wages and a quickening pace of...Read More