(Adds background)LONDON, April 18 (Reuters) - Iranian government institutions will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country’s effort to reduce its reliance on the American currency.The decision was made at a cabinet meeting, state broadcaster IRIB said.Central bank governor Valiollah Seif said last week t...Read More
April 18 (Reuters) - Canada's main stock index looked set to extend its gains on Wednesday as investors awaited Bank of Canada's interest rate decision.The central bank is widely expected to hold the rate steady at 1.25 percent when it announces its decision at 10:00 a.m. ET.June futures on the S&P TSX index were up 0.38 percent at 7:15 a.m. ET.Canada's main stock index rose to a 12-day high o...Read More
Gold remains in a wide range on the daily technicalcharts, with a directional catalyst needed for the next major move, says Lukman Otunuga, research analyst atFXTM. “Whilegeopolitical tensions and U.S political uncertainty have inspired bulls, bearsremain heavily supported by Fed rate-hike expectations,” the analyst says.“There is clearly a fierce tug-of-war between bulls and bea...Read More
(Reuters) - International Business Machines Corp (IBM.N) posted profit margins that fell short of Wall Street expectations on Tuesday, a sign that its reinvention was taking time.Shares of the technology company fell 6 percent in after-hours trade even as it reported the second quarter of revenue growth after a near six-year streak of declines.IBM has in recent years shifted its focus to higher-ma...Read More
THE HAGUE (Reuters) - The arrival of international chemical weapons inspectors at the location of a suspected poison gas attack in the Syrian town of Douma has been delayed after gunfire at the site during a visit by a U.N. security team on Tuesday, sources told Reuters.The U.N. security team entered Douma to assess the situation ahead of the planned visit by inspectors from the Organisation for t...Read More
WASHINGTON (Reuters) - Republican leaders in the U.S. Congress are moving forward with a plan to vote before the 2018 midterm elections on a bill to make permanent the temporary individual tax cuts in their recent tax overhaul.It is not yet clear, however, if the plan would pick up support from Democrats, whose votes would be needed to pass legislation in the Senate.The Republican tax law, approve...Read More
For the last 10 days, gold hasbeen in an uptrend inside of a consolidation pattern. The question is: Willgold finally break out to the upside or will it just be more disappointment?There is no obvious answer. Throughall of the high volatility in the equity markets, gold has been unable to breakout to the upside, as buying has failed on a couple of attempts to do so. Thepattern being formed right n...Read More
Mr. Derek White reportsASCOT RESOURCES ANNOUNCES 2018 DRILL PROGRAM AT PREMIER-DILWORTHAscot Resources Ltd.'s 2018 drill program commenced on April 17. The 2018 drill program will comprise approximately 45,000 metres in 200 drill holes, targeting infill and expansion in various areas on the Premier-Dilworth property. The company has been working with RPA Inc. on completing the updated resources es...Read More
Mr. Jose Berlanga reportsTELSON MINING CORPORATION RELEASES FIRST QUARTER 2018 PRE-PRODUCTION RESULTS FROM THE CAMPO MORADO MINETelson Mining Corp. has released preproduction results of development mining, concentrate production and metallurgical balances for the first three months of 2018 at its 100-per-cent-owned Campo Morado mine located in Guerrero state, Mexico.Campo Morado first quarter 2018...Read More
* Safe-haven demand supporting gold -traders * Analysts looking to see if gold can get to $1,370 andabove* GRAPHIC-2018 asset returns: (Recasts; updates prices, headline; adds comment, NEW YORKdateline, byline)By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, April 18 (Reuters) - Gold prices rose to aone-week high on Wednesday on technical trading and somesafe-haven demand even as the dollar...Read More
A bidding USD and recovering stocks are sending Gold lower for Wednesday. A lack of fundamentals is keeping the precious metal tied tightly to 2018's range. Gold prices are slipping in Wednesday's early session as the US Dollar hangs onto gains fueled by improving US housing starts and industrial productions, and gold spot is sliding back into the 1345.00 area. Gold has been stuck in a c...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks have risen in eight of the past 11 sessions.With gains on Tuesday, the Dow Jones Industrial Average is now positive for 2018.Netflix Inc. (NFLX) closes up nearly 10% after posting higher-than-expected subscriber growth in the first quarter. Wall Street Overview Stocks rose on Tuesday, April 17, as investors reacted to strong...Read More
Two Hot Market Reads to Know Canaccord Genuity's chief market strategist Tony Dwyer tells TheStreet's Brian Sozzi that his "shock drop indicator" suggests the market bottom for the year has already formed. Read here for more.Is your portfolio prepared for inflation, trade wars and more Trump? It should be. TheStreet's big May 5 investor conference "How to Diversify Your Portfolio: A Boot Camp fo...Read More
The model portfolio has performed smartly and positively year-to-date.The near net-neutral design has shielded returns from the 2018 stock market drop in price.Gold, oil, and commodity related assets in March-April are driving gains on the long side of the ledger.Statistically, the portfolio continues to outperform reasonable expectations and forecasted returns.I have increased the model's gol...Read More
The yellow metal is still following the dollar.Open interest reflects a bullish tone.$1377.50 is the line in the sand.Geopolitics say higher.The U.S. political environment is also bullish for the yellow metal.Gold is a shiny precious and rare metal that has captured the imagination of people all over the world for thousands and thousands of years. Gold has value because people have always ascribed...Read More
Investing.com - Gold prices drifted lower on Tuesday, as investors wagered U.S.-led attacks on Syria would not escalate into a wider conflict in the Middle East, dampening demand for the safe-haven asset.While Saturday's missile strikes were the biggest intervention by Western countries against Syria, investor risk appetite improved on speculation that the attacks would not lead to prolonged confl...Read More
The comments below are an edited and abridged synopsis of an article by James RickardsA slow, steady accumulation of debt with no particular plan for repayment can continue longer than expected, and then suddenly descend into a full-blown financial distress scenario and a rapid end-state of collapse.It's the lack of control that allows the debtor to reach the point of non-sustainable debt, and the...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
CloseGain/LossGold $1348.60+$1.30Silver$17.18+$0.41XAU85.21+1.19%HUI184.34+0.92%GDM643.88+0.60%JSE Gold1093.98+29.74USD89.62+0.12Euro123.78+0.03Yen93.36-0.27Oil$68.47+$1.9510-Year2.877%+0.037T-Bond144.84375-1.1875Dow24748.07-0.16%Nasdaq7295.24+0.19%S&P2708.64+0.08% The Metals: Gold fell $5 to $1342.30 in Asia before it climbed up to $1355.60 in late morning New York trade...Read More
The comments below are an edited and abridged synopsis of an article by Phoenix CapitalThe single biggest concern for the Fed is inflation, because US Treasuries are currently in a massive bubble, and those Treasury yields trade based on inflation.If inflation rises, so do Treasury yields. If Treasury yields rise, Treasury prices fall. If Treasury prices fall, the bond bubble begins to burst.Here'...Read More