Times have been hard for Wall Street banks lately, what with record amounts of cash pouring in and causing all kinds of bookkeeping Continue...Read More
A global trade war is now in full swing. Many nations are involved, but the chief antagonists are the U.S. and China.China set up the conditions for a trade war by unfair dumping of steel on world markets and the theft of over $1 trillion of U.S. intellectual property. President Trump fired the first shots with tariffs on steel, aluminum, solar panels and dishwashers. China retaliated with its own...Read More
Friday's missiling of alleged Syrian chemical weapon sites served its purpose...It made for a good show - but worked only light damage.That is, the United States and its allies can gloat about their blow for civilization.But it didn't weaken the Assad regime or challenge the Russians.Thus WWIII has been postponed... until further notice.The markets breathed their sigh of peaceful relief yesterday....Read More
Apr 19, 2018 Guest(s): Jeffrey Christian Managing Partner, CPM Group Platinum-group metals (PGMs) have a dreary long-term outlook due to the electrification of cars, said Jeff Christian, managing partner at CPM Group. "In a long, long-term perspective, precious metals, platinum, palladium, and rhodium, have real risks of finding that the future of automotive technology obviates the need for PGMs...Read More
Apr 19, 2018 Guest(s): Jonathan Butler Mitsubishi Corporation One analyst was surprised that spot gold didn't push higher above its $1,365 an ounce peak a few weeks ago, given heightened geopolitical risks and the prospect of a trade war still looming on investors' minds. Gold rallied in early April, testing $1,360 an ounce, which is a key resistance level for many analysts, but lost momentum sh...Read More
A global trade war is now in full swing. Many nations are involved, but the chief antagonists are the U.S. and China. China set up the conditions for a trade warContinue...Read More
(Kitco News) - Thieves in France got away with the priceless 16th-century gold case that once contained the heart of Queen Anne de Bretagne — the only woman who was crowned queen of France twice.The disappearance of the gold case has really angered the local population, who say that the historical value of the piece is immeasurable.The case even survived not being melted down during the turb...Read More
Elias GlennBEIJING (Reuters) - Despite a more upbeat view of the first quarter, economists still expect China’s economic growth to slow to 6.5 percent this year, with a regulatory crackdown and a growing trade dispute with the United States seen as key risks, a Reuters poll showed.The full-year forecast, according to 72 institutions surveyed by Reuters last week, is unchanged from the last o...Read More
Mumal Rathore, Rahul KarunakarBENGALURU (Reuters) - Euro zone economic growth, already moderating in part from a stronger currency, will take a further hit from the ongoing trade dispute between the United States and China, according to a majority of economists polled by Reuters.Still, that will not deter the European Central Bank from ending its asset purchases program this year and hiking intere...Read More
(Kitco News) - The recent positive gold price action has been restrained by a hawkish Federal Reserve outlook, said TD Securities in a report.“International tensions, a somewhat weaker USD and volatility in equities have taken gold as high as $1,365/oz this week. But, the yellow metal has yet to emerge from a tight trading range in the face of several expected increases in the Fed Funds rate...Read More
- Global debt bubble hits new all time high - over $237 trillion- Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD- Increase in debt equivalent to United States' ballooning national debt- Global debt up $50 trillion in decade & over 327% of global GDP- $750 trillion of bank derivatives means global debt over $1 quadrillion- Gold will be 'store of value' in coming e...Read More
Gold futures are trading fractionally higher today, with the most active June 2018 Comex contract currently fixed at $1,348.60, a net gain of $0.70 on the day. Spot gold is currently trading up $0.20 on the day and fixed at $1345.60.According to the KGX (Kitco Gold Index), it is dollar weakness that is 100% accountable for today’s fractional price increase. Gold has gained five dollars in va...Read More
Netflix, UnitedHealth advance after reporting resultsChina said it will ease market access for automakersEastspring Investments CEO Virginie Maisonneuve discusses the impact of politics on the markets, and China's growth. U.S. stocks rallied for a second day amid better-than-expected earnings from industry heavyweights, adding to evidence that the strengthening economy is lifting corporate profits...Read More
Researchers at the Sandia National Laboratories in Albuquerque are using ultrasonic waves to strip gold from SIM cards. In a report by ABC, materials chemist Dale Huber said that even though many different research groups are trying to recover the yellow metal from electronic waste, in most cases they are using environmentally unfriendly techniques like separating gold from other components by boi...Read More
Arctic Star Exploration (TSXV: ADD) announced today that it has received diamond results from caustic fusion analyses on the kimberlite discoveries within the Timantti Diamond Project in Finland.According to Rockstone Research, such a finding is important because, different from other sites around the world, Arctic Star's property is located in proximity to civilization and infrastructure. Timantt...Read More
MRK and UNH stocks led the blue chips todayFading fears about Syria and a huge lift fromMerck (MRK) were a welcome push higher for the Dow. Fellow healthcare concern UnitedHealth (UNH) stock also got a lift ahead of the company's earnings report tomorrow. Several more stocks could move this week as earnings season heats up, with FAANG member Netflix (NFLX) reporting tonight, and Dow component Gene...Read More
Mr. Morgan Poliquin reportsALMADEX PROVIDES UPDATE ON SPINOUT TRANSACTION AND NEWCREST INVESTMENTFurther to Almadex Minerals Ltd.'s news release dated Feb. 26, 2018, the company has mailed and filed its notice of special meeting of shareholders and the related management information circular which describes, amongst other things, the proposed spinout of Almadex's early-stage exploration projects,...Read More
(Reuters) - The United States and Britain on Monday warned of a global cyber attack targeting routers and other networking equipment, blaming Russian government-backed hackers for the campaign on government agencies, businesses and critical infrastructure operators.Washington and London issued a joint alert, saying the widespread, global campaign began in 2015 and could be escalated to launch offe...Read More
BERLIN (Reuters) - German Finance Minister Olaf Scholz on Monday praised Emmanuel Macron’s “courage” in proposing euro zone reforms, as signs grow of resistance to the French leader’s ideas among Chancellor Angela Merkel’s conservatives.Macron is urging closer euro zone integration and wants the currency bloc to have a finance minister and budget while its rescue fund...Read More
(Bloomberg) - What do you do when you're sure global stocks are running out of gas, rising rates are about to pummel bonds and your models show the only emerging market worth a bet is India? You buy gold, of course.Fritz Folts did just that earlier this year after slashing his holdings of exchange-traded funds backed by stocks and cutting to zero his exposure to broad emerging-market ETFs, focusi...Read More