David MillikenLONDON (Reuters) - The Bank of England looks set to keep interest rates on ice this week, capping a sharp swing in the outlook for the British central bank, which might now struggle to convince investors that it will raise borrowing costs at all this year.Unexpectedly weak economic data and cautious remarks from Governor Mark Carney have dashed what looked like near-certain expectati...Read More
Marcin Goettig, Pawel SobczakWARSAW (Reuters) - Rescue teams have confirmed the death of a second Polish coal miner and are searching for three more trapped nearly a kilometer underground after a quake, the chief executive of the mine owner said.The quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning, initially trapping seven miners at a depth of about 900 me...Read More
Haejin Choi, Hyonhee ShinSEOUL (Reuters) - North Korea said on Sunday its intention to denuclearize, unveiled at a historic inter-Korean summit, was not the result of U.S.-led sanctions and pressure, warning the United States not to mislead public opinion.Impoverished North Korea has been hit by a series of U.N. and U.S. sanctions in recent years in a bid to rein in its nuclear and missile program...Read More
With the support of EarthRights International, the Peruvian Chaupe Family announced this week that they intend to appeal a recent decision by a federal court in Delaware that ruled that their case against Newmont Mining Corporation (NYSE:NEM) should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.In a press release, EarthRights said that the Chaupes will fight...Read More
Gold and real interest rates have diverged substantially over the past year.We give an overview of the recent relationship between 5-year real interest rates and the value of gold.We solicit reader and contributor feedback on the question of whether or not this correlation has ended.Introduction U.S. real interest rates have historically had a high correlation to the price of gold. Specifically, t...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:AWVAUDDescriptionAnova Metals Ltd are a gold focused junior near-term producerLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial05/06/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$30.16M$30.16M05/06/2018$0.00MTotal Assets:$28.47M$28.47M05/06/2018$0...Read More
Birth rates are plunging almost everywhere. The first chart below shows that even notoriously populous China and India have entered the same reproductive Continue...Read More
"Based on my data security experience I suggest this wasn't an error but a deliberate effort to provide your passwords to US Govt agencies."Continue...Read More
Geopolitical uncertainty, especially with regards to Iran, could send the yellow metal higher according to analyst Boris Schlossberg.Continue...Read More
The Turkish government has withdrawn its reserves of gold from the Federal Reserve. Erdogan clearly is positioning himself to be able to seek its own power that will be contrary to international policy. Erdogan is one of those politicians who still think in the old days of Empire. As a member of NATO, he has constantly been threatening Greece. So what happens if we see a war between two NATO mem...Read More
Birth rates are plunging almost everywhere. The first chart below shows that even notoriously populous China and India have entered the same reproductive neighborhood as the US and are not that far from the assisted living center formerly known as Japan. Which is to say their populations have not only stopped increasing, they'll actually start falling pretty soon. The thing that makes economists n...Read More
California's Energy Commission is expected to approve new energy standards that would legally require solar panels to be placed on top of nearly all new homes in the stateContinue...Read More
The demand for gold is rising, but new discoveries of the yellow metal have not kept pace with the demand. Continue...Read More
One of the most important news items, the virtual rebirth of the American economy under the Trump Administration, is also one of the most under-reported. The reasons for that are political. Obviously, it is a success for a White House that most of the media almost desperately attempted to prevent getting elected, and, once that effort failed, did everything possible to cripple. The magnitude of th...Read More
Seven of the thirteen gold miners who were trapped underground since Thursday at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mine in South Africa have died as a result of their injuries, the company confirmed Saturday.The workers got stuck at the company's Masakhane mine, part of the Driefontein operations following a quake that caused a fall of ground in an operating stope.The deaths brings the nu...Read More
Here Are 4 Hot Things to Know About Stocks Right Now The U.S. added 164,000 jobs in April, lower than economists' forecasts. The unemployment rate last month fell to 3.9% from 4.1%. Apple Inc. (AAPL) closed at an all-time high of $183.83 on Friday.Shares of Alibaba Group Holding Ltd. (BABA) rose 3.4% after the Chinese e-commerce giant posted quarterly earnings and revenue toppe...Read More
Adam HamiltonArchivesMay 04, 2018 Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts. But its nice advance has crumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Index futures. The surging USDX motivated gold-futures speculators to flee rather aggressively. But this will likely prove a short-lived a...Read More
3 Things in the Markets to Know Right Now TheStreet's May 5 "Investor Boot Camp" conference is coming up, and you won't want to miss it. Quickly register here. Food for thought from Jefferies: The large-cap Russell 2000's price-to-earnings multiple continues to contract and at 16.6 times, is off quite considerably versus the recent peak of 20 times. It stands 7.9% above its long-term a...Read More
The UAE government came under tremendous pressure by the dealers that the VAT was killing their business. The government has responded dropping the VAT (Sales Tax) on gold, diamonds, and precious metals for investors. Taxing such products is, in reality, taxing money the same as if it bought bonds or stocks. Not everyone buys stocks just as not everyone buys gold. Taxing gold and not stocks is a f...Read More
"There's a big problem ahead. There's no doubt about it."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...Read More