"A trip is under consideration. I'm not going to make a comment on timing, nor do I have anything confirmed."Continue...Read More
LONDON, 21 April 2018 - Data from BullionVault is cited today in a report on gold investing in the latest edition of best-selling UK news magazine The Week.Cautious investors "might want to put a bit of money in gold," says the magazine's City section, quoting a UK stockbroker."The appeal of this traditional safe haven has been growing of late," The Week goes on, quoting gold-price data from Bulli...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort237,28874,21952,500173,535358,797463,323485,516Change from Prior Reporting Period 2,831-4,866-2616,73916,3499,30911,222Traders19174754657271175 Small Speculators LongShortOpen Interest 46,90624,713510,229 1,332-58110,641 non reportable positionsChange from the previous reporting...Read More
- 'Powerful bull market' will likely send gold to $5,000 to $10,000- If USD & Treasuries keep falling, stocks may decline at 'moment's notice'- Traditional portfolio of stocks and bonds will not protect investors- "Gold will replace bonds as the go-to hedge"by Brian Delaney of Secure InvestmentsGold is gaining momentum after a 5-year consolidation and is set to challenge the 2011 highs some tim...Read More
My long-term subscribers and readers of my daily column know that I have an intrinsic bias towards gold. This bias is in relationship to the finite quantity of gold when compared to fiat currencies. Gold and silver were utilized as some of the earliest forms of currencies. The earliest types of government currencies were minted coins made of gold and silver. More importantly, the value of those co...Read More
Vancouver-based Full Metal Minerals (TSXV: FMM) announced today that it has entered into a Share Purchase Agreement with Australia's Evolution Mining (EVN-ASX) to buy out the Puhipuhi Gold Project, located in the Northland region of the North Island of New Zealand.In a press release, Full Metal explained that Puhipuhi is an exploration stage epithermal gold project where high grade Au and Ag has b...Read More
David Lawder, Howard SchneiderWASHINGTON (Reuters) - U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.After imposing import tariffs on solar panels and washing machines in January, Trump moved to levy steel and aluminum in Ma...Read More
om Polansek, Ann SaphirCHICAGO/SAN FRANCISCO (Reuters) - As the gap between short- and long-term borrowing costs hovers near its lowest in 10 years, some investors worry the so-called yield curve is flashing red: that a recession, always preceded by such a flattening, could be around the corner.Not to worry, two Federal Reserve policymakers said on Friday; the curve will likely steepen as the U.S....Read More
MOSCOW (Reuters) - Russian companies hit by U.S. sanctions, including aluminum giant Rusal, have asked for 100 billion rubles ($1.6 billion) in liquidity support from the government, Finance Minister Anton Siluanov was quoted by Interfax news agency as saying on Friday.The United States on April 6 imposed sanctions against several Russian entities and individuals, including Rusal (0486.HK) and its...Read More
WASHINGTON (Reuters) - Federal Reserve Governor Lael Brainard on Friday said the U.S. economy appears capable of handling further interest-rate increases in the near future.“My anticipation is that the outlook is for continued, solid growth,” she said in an interview with CNBC. “The outlook looks consistent to me for continued gradual increases in the federal funds rate.”As...Read More
Researchers at the University of Queensland have developed new nanotechnology that includes gold particles and that is aimed at monitoring the diversity of individual cancer cells circulating in the body.The groundbreaking technique was tested on blood samples from melanoma patients and was able to track critical changes in spreading tumour cells before, during and after treatment."We have develop...Read More
Apple's losses weighed on the blue-chip indexThe tech sector suffered another sell-off today, with Apple (AAPL) sending the Dow to its third straight loss. The blue-chip index ended more than 200 points in the red, despite a positive earnings reaction for General Electric (GE) stock. Elsewhere, the yield on the 10-year Treasury note surged to its highest point since 2014, while oil prices recover...Read More
Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices. I believe those conditions are either firmly in place right now or, at the very least, in their early stages. Among them are factors I've discussed at length elsewhere-a weaker U.S. dollar, a steadily flattening yield curve, heightened m...Read More
(Kitco News) - The desire for gold isthe most universal and deeply rooted commercial instinct of the human race. -Gerald M. LoebA close look at historical price returns shows that history agreeswith the age-old adage of holding gold as a hedge but what is the best way to put this inpractice?The purest way for investors to play the yellow metalwithout buying outright physical gold bullions is to...Read More
(Kitco News) - The market is paying attention to the rising U.S. dollar, which poses a big risk to gold prices going into next week, according to analysts.Gold prices ended the week on a lower note, giving up all of Wednesday’s impressive gains. June Comex gold futures were trading at $1,338.10, down 0.79% on the day, as markets are getting ready to close on Friday. Meanwhile, the U.S....Read More
NEW YORK (Reuters) - Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows.Lenders have been spending on digital tools to cut costs, eliminate error-prone paperwork and appeal to younger home buyers. However, they are chasing a shrinking pool of refinancing busines...Read More
SAN FRANCISCO (Reuters) - U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel.Google-parent Alphabet (GOOGL.O) and Microsoft (MSFT.O) both lost more than 1 percent, while Apple (AAPL.O) tumbled 4 percent because of worries about slower-th...Read More
Margaret Georgiadis has resigned as the chief executive of embattled MATThe U.S. stock market is in the red today, but still on track for a weekly win. Among individual stocks making big moves are toymaker Mattel, Inc. (NASDAQ:MAT), Apple supplier Qorvo Inc (NASDAQ:QRVO), and photocopy specialist Xerox Corp (NYSE:XRX). Here's a quick look at what's moving shares of MAT, QRVO, and XRX.Pre-Earnings...Read More
Gold futures suffered a second consecutive session of losses on Friday, as strength in the dollar and gains in Treasury yields sent prices for the metal lower for the week. June gold GCM8, -0.24% lost $10.50, or 0.8%, to settle at $1,338.30 an ounce. Though the commodity has mostly traded in a narrow range, the contract was down about 1.6% since hitting a 2 1/2 -month high of $1,360 as recently...Read More
Call buying has nearly doubled put buying in recent weeksAfter peaking above $200 back in January, Wynn Resorts, Limited (NASDAQ:WYNN) fell as low $156.54 back on March 2 amid the Steve Wynn fallout. The shares have since battled back to trade at $192.68, and sentiment has only grown more bullish around the casino concern as it prepares to report earnings after the close on Tuesday, April 24. To b...Read More