BOAO/BEIJING, China (Reuters) - Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States.While much of his pledges were reiterations of previously announced reforms that foreign businesses say are long overdue, Xi’s co...Read More
WASHINGTON/BEIRUT (Reuters) - U.S. President Donald Trump warned Russia on Wednesday of imminent military action in Syria over a suspected poison gas attack, declaring that missiles “will be coming” and lambasting Moscow for standing by Syrian President Bashar Assad.Trump was responding to a Russian warning on Tuesday that any U.S. missiles fired at Syria over the assault on a rebel en...Read More
Silver appears to be in thetwilight zone, stuck in a very tight range. The commercials are buying silver,selling gold and yet the ratio continues to expand, with gold now 82 times oversilver.On the surface, the silverCommitment of Traders report appears to be bullish. However, the charts are notplaying out that way. Silver is in an extraordinarily tight range, keeping thesilver bulls at bay.The si...Read More
(Kitco News) - Hecla Mining Co. (NYSE:HL) reported Wednesday that silver output in the first quarter fell from thesame period a year ago as the Lucky Friday Mine strike continues, but goldproduction increased slightly.Silverproduction for the January-March quarter was 2.5 million ounces, down from 3.4million in the same period of 2017.Unionizedworkers at Lucky Friday have been on strike since Marc...Read More
The golden cross doesn't shine as bright as some quants may expectAny basic stock charting software comes with some standard technical analysis indicators including the RSI, MACD, moving averages, etc. I rarely see anyone try to measure their results, though. Which one works best? This week I'm going to try to answer that question. I've done this study in the past, but environments change, and ind...Read More
Robbers accessed heavily-guarded facilities at mine TuesdayNobody was hurt in the incident, Harmony spokeswoman saysThieves broke into Harmony Gold Mining Co.’s Kalgold mine Tuesday morning and stole 12 kilograms (386 ounces) of the precious metal, according to spokeswoman Lauren Fourie.The robbers accessed “heavily guarded” gold storage facilities in a significant security br...Read More
The world's biggest mining companies must improve their human rights record and step up efforts to curb environmental damage, the Responsible Mining Foundation said in its first review of global mining practices.The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper a...Read More
By Carolynn Look(Bloomberg) - If Germans have any doubts about the authenticity of their gold - and some of them really do - their central bank is doing all it can to qualm their concerns.Germany's Bundesbank this week launches a nearly six-month exhibition on gold, which will showcase the most interesting gold bars and coins in the central bank's collection. That follows its release earlier this...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average, the S&P 500 and Nasdaq all jumped on Tuesday, rising 1.79%, 1.67% and 2.07%, respectively.Shares of Facebook Inc. (FB) rose 4.5% as CEO Mark Zuckerberg appeared before Senate committees.Shares of other leading tech companies also jumped. Apple (AAPL) gained 1.8%, Alphabet (GOOGL) jumped 1.6...Read More
Here Are 3 Things To Know About Markets Right Now Chinese President Xi Jinping pledged a more open China and promised a decrease on tariffs on imported cars, carmakers including Daimler AG (DMLRY) and BMW AG (BMWYY) rose in Germany while Ford Motor Co. (F) , General Motors Co. (GM) and Tesla Inc. (TSLA) rose in Tuesday pre-market trading. Dow futures are pointing to a more than 3...Read More
Investing.com – Gold prices slipped on Tuesday as the dollar recovered from an overnight plunged amid reports of FBI raiding the office of U.S. president Trump’s lawyer.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $2.30, or 0.17%, to $1,337.8 a troy ounce by 11:56AM ET (03:56 GMT).The U.S. dollar index that tracks the greenback agains...Read More
CloseGain/LossGold $1351.10+$10.40Silver$16.66+$0.08XAU83.69+2.14%HUI182.93+3.23%GDM635.47+2.36%JSE Gold1118.09+28.31USD89.56-0.06Euro123.64+0.07Yen93.61+0.37Oil$66.82+$1.3110-Year2.780%-0.013T-Bond146.28125+0.34375Dow24189.45-0.90%Nasdaq7069.03-0.36%S&P2642.19-0.55% The Metals: Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back u...Read More
Without a restraint, the Federal Reserve is free to inflate Read More
Viewer Submitted Questions:Question 1. Jamie N: If the US Dollar was to collapse by 80%, would the CDN and every other currency also lose value since the USD is the standard and all currencies are pegged to it, or are other fiat currencies immune? Are we all in this together?Question 2. Don: If dollars flood back into this country because of us losing the petro dollar monopoly, then why can't thos...Read More
Just when everyone was getting used to gold sitting around and doing nothing while tech stocks provided non-stop thrills and chills, the metal took off this morning on the "news" (read "Tweet") that Trump is aiming some cruise missiles at Syria. Now the $1,360 resistance level that has been an absolute brick wall since 2014 is looming once again, and gold-bugs are - once again - wondering where...Read More
The comments above & below is an edited and abridged synopsis of an article by Charles Hugh SmithThe people have finally turned against the privileged elites, who have benefited greatly from globalization, corruption, central bank stimulus and the profiteering of state-enforced cartels. It doesn't matter whether they are turning left or right; the important thing is that the powerless have finally...Read More
By Ira EpsteinGold rallies on threat of strike against Syria.https://www.iraepstein.com/ Read More
A Toronto-based graphite company makes headway in Madagascar, Brazil, India and Korea, potentially impacting the graphite industry in a major way. Lithium-ion batteries contain much more graphite than lithium, so much so that Tesla's Elon Musk has joked that they should be called nickel-graphite batteries. With a renewed focus on graphite, one company with a low-cost source of graphite has come i...Read More
The comments above & below is an edited and abridged synopsis of an article by Tyler DurdenHome prices in the US have rocketed to within 1% of their highs from 2006. Conventional wisdom says that real-estate values in urban centers could never fall. The perception is that world-class cities will never go out of style, and their already high density limits supply.But what happens when too many peop...Read More
TOPICS IN THIS INTERVIEW:01:00 Seven year economic cycles and the trade deficit05:30 Are we in an overinflated market?05:30 "Banks are not as safe as we think!"06:15 How bad can the markets get?06:55 "Banks are not as safe as we think!"08:45 The connection between the cryptocurrencies and stock market's downturn12:50 Gold markets outlook for 2018/1914:10 The blunt reality of the global economyChar...Read More