"The historically, negatively-charged figure of Colonials has too deep a connection to colonization and glorifies the act of systemic oppression." Continue...Read More
People keep asking me what President Trump did to deserve credit for progress in North Korea. As a public service, I put together a quick list.Continue...Read More
The Trump State Department has frozen funding to the controversial Syrian aid group known as the White Hemlets, a non-governmental organization (NGO) Continue...Read More
Greg has appeared on most every financial-focused television channel, and has been a regular in the past on several specific financial market television shows. Continue...Read More
(Kitco News) - The only driver big enough to trigger a gold rally in the short-term is geopolitical tensions surrounding the Iran nuclear deal, according to one analyst.Gold has been struggling this week, with markets getting used to rising U.S. dollar and higher interest rates.“Gold has been going up and down in fits and starts. But, right now it is suffering the pullback because of the U.S...Read More
- Gold demand globally -7% in Q1, 2018 - Gold Demand Trends (WGC)- Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows- Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as "stock market volatility sparked US inflows"- Store of value bullion coin and bar demand fell 15% as reported Chinese, German and America...Read More
Gold demand had a soft start to 2018, reaching 973 tonnes (t), the lowest first quarter since 2008. This was largely caused by a fall in investment demand for gold bars and gold-backed exchange-traded funds (ETFs), as a subdued gold price environment hampered demand. Global jewellery demand was roughly flat at 488t, down 1% on Q1 2017. Demand in China was buoyed by holiday demand, and US...Read More
(Kitco News) - Korean janitor hit a jackpot as he uncovered seven gold bars while cleaning out a garbage bin in South Korea’s biggest international airport.An unnamed male cleaner found $325,000 worth of gold bars on Thursday in Incheon International Airport located in South Korea’s capital Seoul.Each gold bar weighed 1 kilogram and was wrapped in a newspaper.After looking into the mat...Read More
European focused mineral exploration company Erris Resources announced today that it was granted a new 100%-owned gold exploration permit, En??sen no.5, which is located in central Sweden, some 370 kilometres north of Stockholm.The 59.4 km2 permit encompasses a largely unexplored area surrounding the historic En??sen mine, which produced 1.7-million tonnes at 3 g/t gold between 1984 and 1991. Mine...Read More
Michael Martina, Tom DalyBEIJING (Reuters) - U.S. President Donald Trump on Thursday praised his relationship with Chinese President Xi Jinping as officials from the world’s two largest economies began trade talks in Beijing, while state media said China would stand up to U.S. bullying.A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely du...Read More
Karen BrettellNEW YORK (Reuters) - The U.S. dollar fell in choppy trading on Thursday as investors took profits from a rally that sent the greenback to its highest levels of the year and awaited payrolls data for April.The dollar has erased all its 2018 losses in the past two weeks on expectations the Federal Reserve will continue to raise interest rates while other central banks, including the Eu...Read More
Gold is experiencing a modest rally today, with June futures currently trading up eight dollars at $1,313.60. This follows yesterday’s exciting move in which gold prices ticked up $10 within 30 minutes of the conclusion of the FOMC statement released by the Federal Reserve. These gains could not be sustained as prices moved back to unchanged by the closing bell.As anticipated, the Federal Re...Read More
The blue-chip index was down 400 points before noonThe Dow was down almost 400 points in early trading, briefly dipping below the 200-day moving average, as trade tensions weighed. However, the blue-chip index managed to erase these losses by the close with a big day from Boeing (BA) powering the comeback -- while helping the Dow snap its four-day losing streak. The S&P 500 and Nasdaq also experie...Read More
Mine operator Sibanye-Stillwater said five of 13 miners trapped underground in a South African gold mine were rescued but one of the five had died.Thirteen miners were trapped underground at the company's Masakhane mine west of Johannesburg earlier on Thursday after an earthquake that measured 2.2 caused a cave-in.Sibanye-Stillwater said two employees were taken to a hospital and were in stable co...Read More
BEIJING (Reuters) - U.S. Treasury Secretary Steven Mnuchin will lead a delegation to Beijing this week to meet with Chinese officials and try to ease the escalating trade dispute between the world’s two largest economies.The meetings set for Thursday and Friday are the highest-level in-person talks since U.S. President Donald Trump announced tariffs on $50 billion in Chinese goods in early A...Read More
NEW YORK (Reuters) - U.S. stocks were mixed on Thursday, seesawing between positive and negative territory during the session as strong economic data offset disappointing earnings reports from several companies.A sharp drop after the open had pushed the S&P 500 and the Dow Jones Industrial Average below their 200-day moving averages, a key technical indicator of longer-term momentum, but both...Read More
Shares of FIT are taking a hit from the company's revenue forecast missStocks are underperforming today, as trade talks between U.S. and China spark caution. Among individual stocks lower in today's trading are cybersecurity concern FireEye Inc (NASDAQ:FEYE), medical technology name Hologic, Inc. (NASDAQ:HOLX), and wearable athletic device maker Fitbit Inc (NYSE:FIT). Below, we will take a clos...Read More
LOS ANGELES (Reuters) - Television’s Bill Cosby and Oscar-winning director Roman Polanski were expelled from the Academy of Motion Picture Arts and Sciences, the Academy Awards presenters said in a statement on Thursday.The Academy said Cosby and Polanski were expelled “in accordance with the organization’s Standards of Conduct.”Cosby was found guilty of sex crimes. Polansk...Read More
It's a busy week on the earnings front, with Disney on deck to reportFollowing the outcome of the latest policy-setting meeting, a number of speeches from Fed officials highlight the schedule for the week ahead. The timing could be interesting for the stock market, as central bankers will be sharing the spotlight with the latest monthly reports on wholesale and consumer inflation.There will also b...Read More
WASHINGTON (Reuters) - The White House said on Thursday it was prepared to take measures against China’s stationing of military equipment on islands in the South China Sea and its pointing of lasers at U.S. military aircraft.“We’re well aware of China’s militarization of the South China Sea. We’ve raised concerns directly with the Chinese about this, and there will be...Read More