Despite the fact that, through the enactment of new laws and regulations, local governments in Sub-Saharan Africa are starting to claim a larger share of their countries' mineral resource wealth, BMI Research believes that investments in the region will continue to rise in Q3-2018.In an industry overview published today, BMI presents the recent changes to the Democratic Republic of Congo's mining...Read More
RBC upgraded DRI stock, which typically outperforms in the second quarterTwo weeks ago shares of Olive Garden parent Darden Restaurants, Inc. (NYSE:DRI) suffered a major post-earnings bear gap, and as a result closed the first quarter down 11.2%. Brokerage firm RBC, however, is viewing this pullback as a buying opportunity, upgrading DRI stock this morning to "outperform" from "sector perform" and...Read More
(Reuters) - Wall Street was set to start the second quarter on a downbeat note on Monday as China’s decision to raise import tariffs on U.S. products revived global trade war fears and technology stocks remained under pressure.Nasdaq futures NQc1 pointed to a 0.8 percent decline at the open as big names including Facebook (FB.O) and Amazon (AMZN.O) slipped in premarket trading.China, late on...Read More
China implemented tariffs on a number of U.S. imports todayStock futures are signaling a negative start to the second quarter, after the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) snapped lengthy quarterly win streaks last Thursday, and the Nasdaq Composite (IXIC) logged its worst monthly loss in years. Today's focus will be back on trade and tech, after China instituted tariffs on...Read More
(Kitco News)- Gold opened the new quarter on renewed buying interest. Gold heldour $1,322 level going into the long weekend and aggressive buying emerged atthe Asian open overnight. The Chinese have shot back and leveled tariffs on 128 U.S. products, which reignited the possibility of a trade war between theworld's two largest economies. The U.S. equity market continues to struggle andthe U.S...Read More
(Kitco News) - Goldrallied Monday as theU.S. dollar and equities weakened, with market participants further encouragedafter the metal held above chart support during a pre-Easter sell-off, traderssaid.However, the early-daymove occurred in exceptionally light volume with markets in many Westernnations still closed for a long Easter weekend, traders pointed out.“Obviously,there is weakness in...Read More
The S&P 500 enters the week just below resistance"The books for 2017 are closed, but as we move into 2018, loyal readers of Monday Morning Outlook are fully aware that the year-end closing levels on major equity, volatility, commodity, and currency benchmarks -- along with their related exchange-traded funds (ETFs) -- could serve as key potential support and resistance levels. This could be the ca...Read More
Gold has been consolidating formonths. In fact, the entire first quarter was traded in a big range. Gold neverbroke out to the upside or broke out to the downside. There have been manyfalse starts in both directions, but each time, gold came to that key moment itreversed and went the other way.There is no end in sight for thiswide consolidation pattern, but it will break out one way or the other;...Read More
BEIJING (Reuters) - The Chinese industry body which recommended targeting scrap aluminium in retaliatory trade action against the United States is already exploring what other measures could be taken, an official said on Monday.U.S. scrap aluminium was one of 128 products that China said it was considering for additional tariffs last month, and the Chinese finance ministry late on Sunday confirmed...Read More
WASHINGTON/IXTEPEC, Mexico (Reuters) - President Donald Trump said on Sunday that there will be no deal to legalize the status of young adult immigrants called Dreamers and he said the U.S.-Mexico border is becoming more dangerous.After tweeting a “Happy Easter” message on Twitter, he said: “Border Patrol Agents are not allowed to properly do their job at the Border because of ri...Read More
BEIJING (Reuters) - China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.The tariffs, to take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of potential...Read More
• Weaker USD/renewed US-China trade helps regain traction. • Pickup in the US bond yields did little to stall the up-move. • This week’s important releases could help determine the next direction. Gold prices edged higher at the start of a new week/quarter and recovered a part of last week's corrective fall from 1-1/2...Read More
* Markets closed for holiday in much of Europe* China imposes tariffs of up to 25 pct on 128 U.S. goods* Specs raise net long position in COMEX gold -CFTC* GRAPHIC-2018 asset returns: (Updates prices, adds comment)By Zandi ShabalalaLONDON, April 2 (Reuters) - Gold snapped a three-sessionlosing streak on Monday as the dollar fell and China raisedtariffs on U.S. products, escalating global trade ten...Read More
A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009, the anti-corruption agency said on Monday.Mongolia's Independent Authority Against Corruption told a media briefing that Bayartsogt was detained on Sunday.The Swiss Office of the Attorney General...Read More
CloseGain/LossGold $1341.90+$16.00Silver$16.60+$0.26XAU82.01+1.10%HUI177.73+1.32%GDM618.75+1.06%JSE Gold1127.39-3.86USD90.01-0.05Euro123.05+0.01Yen94.51+0.46Oil$63.01$1.9310-Year2.741%-0.001T-Bond146.53125-0.09375Dow23644.19-1.90%Nasdaq6870.12-2.74%S&P2581.88-2.23% The Metals: Gold gained $18.80 to $1344.70 in early afternoon New York trade before it edged back lower into...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
By Ira EpsteinSafe haven buying lifts gold...questionable if all the gains hold through Tuesday.https://www.iraepstein.com/ 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
By Stefan GleasonLast Monday, the Shanghai International Energy Exchange launched the first futures contract for crude oil priced in Chinese yuan. It's a major step forward in the process of international de-dollarization. Now Chinese and other international traders can buy and sell the world's most important commodity in a liquid market without using U.S. dollars.The "petro dollar" now faces th...Read More
Technical analyst Jack Chan updates the gold and silver charts.Our proprietary cycle indicator is up.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.Speculation is in bull mar...Read More