(Kitco News) - Gold prices are trading near unchanged in early U.S. dealings Monday. Themarketplace late last week had fully anticipated the U.S.-led missile attack onSyria Saturday. Thus, markets did not show a big reaction to the weekendmilitary action. June Comex gold futures were last down $0.10 an ounce at $1,347.80.May Comex silver was last down $0.023 at $16.635 an ounce. Importantly,howe...Read More
LONDON (Reuters) - Oil prices fell sharply and government bond yields rose on Monday on expectations that the weekend’s missile attacks on Syria would not mark the start of greater Western involvement in the conflict.European shares were broadly flat, however, adding to a mixed picture in Asian stock markets and suggesting that a degree of caution prevails.While last week’s bid for inv...Read More
(Reuters) - Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday as it benefited from higher interest rates and loan growth.The second-largest U.S. bank by assets said net income attributable to shareholders rose to a record $6.49 billion in the three months ended March 31 from $4.84 billion a year earlier. Earnings per share rose to 62 cents from 45 cents.Analysts...Read More
(Reuters) - Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favor and take the spotlight off worries that caused the recent sell-off in the high-flying group.With valuations below recent peaks, the group - comprised of Facebook, Amazon.com, Apple Inc (AAPL.O), Netflix (NFLX.O) and Google parent Alphabet...Read More
BEIJING (Reuters) - China likely carried most of its strong economic momentum from last year into the first quarter of 2018, with government crackdowns on financial risks and industrial pollution dragging less on activity than earlier expected, a Reuters poll showed.Beijing is looking to keep the economic balancing act intact even as it faces rising trade tensions with its largest trading partner,...Read More
(Adds quotes, background)MOSCOW, April 16 (Reuters) - Russia’s central bank said on Monday it would not intervene in currency markets following a sharp drop in the value of the rouble, playing down the impact on the currency of new U.S. sanctions.Volatility on Russian markets has soared since Washington imposed fresh sanctions on April 6, targeting some of Russia’s biggest companies an...Read More
Gold is lower along with thedollar, which leaves many scratching their heads thinking that can't be right.Correlations with different asset classes are not guaranteed to work day today. Eventually correlated assets will resume their relationships over a longperiod of time, but not necessarily day to dayMarket expectations are the sameas assumptions of what the future will bring. Look at JP Morgan,...Read More
SPY and SPX enter the week staring up at triple-barreled resistance"Multiple resistance levels now lie overhead, which reduces the appeal of stocks at this moment. For example, there is the SPX 2,650 level that gave it trouble last week on rally attempts, and the year-to-date breakeven level at 2,673 that acted as support in early March but could now act as resistance on rallies."-- Monday Morning...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD ANNOUNCES DETAILS OF ANNUAL GENERAL MEETING AND FIRST QUARTER 2018 CONFERENCE CALL AND WEBCAST Kirkland Lake Gold Ltd. will hold its annual general meeting of shareholders at 10 a.m. ET on Wednesday, May 2, 2018, at the TSX Exchange Tower located at 130 King St. West, Toronto, Ont., M5X1C9.A webcast of the meeting will be available on the company's webs...Read More
* Risk havens slip as investors reassess Syria strikes * Palladium climbs again after near 10 pct rise last week * GRAPHIC-2018 asset returns: (Recasts with updated prices, comment throughout; adds byline,NEW YORK dateline)By Chris Prentice and Jan HarveyNEW YORK/LONDON, April 16 (Reuters) - Gold prices rose onMonday as losses in the U.S. dollar bolstered, though gains weremuted as financial marke...Read More
Shine OnSilver's BulletHedge funds betting on the tarnish spreading should watch out.By David Fickling@davidficklingMore stories by David FicklingRead More
Robert Shiller, professor of economics at Yale University, discusses valuations, the Fed and more with Sara Eisen.Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has been a research associate of the...Read More
CloseGain/LossGold $1346.00+$1.60Silver$16.67+$0.03XAU83.98-0.12%HUI182.48-0.52%GDM637.55-0.20%JSE Gold1097.04-17.23USD89.46-0.30Euro123.78+0.38Yen93.29+0.19Oil$66.22-$1.1710-Year2.832%+0.010T-Bond145.53125+0.125Dow24573.04+0.87%Nasdaq7156.28+0.70%S&P2677.84+0.81% The Metals: Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning...Read More
"Soon something's going to happen that will make everyone happy again and the market will go up one more time, and that will probably be the last hoorah. Next year will be not a lot of fun."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Roger...Read More
By Ira EpsteinGold up but momentum lacking.https://www.iraepstein.com/ Read More
Gerald is outraged. Why are we attacking Syria? Why was it done on Friday, other than to avoid a hit to the markets. And it seems to have worked. But are conventional weapons really more humane than chemical weapons? Gerald thinks not. It's amazing that we're in this situation. Gerald doesn't believe we're heading for a crash, at least not now. But the underlying economy is not so swell. It's weak...Read More
COLORADO SPRINGS, CO, April 16, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2018 of approximately 6,647 ounces of gold, 425,884 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in...Read More
By Ronan Manlyhttps://www.bullionstar.com/On 29 January 2018, the Commodity Futures Trading Commission (CFTC) Division of Enforcement together with the Criminal Division of the US Department of Justice and the FBI announced criminal and civil enforcement actions against 3 global investment banks and 5 traders for involvement in trade spoofing in precious metals futures contracts on the US-based...Read More
Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc.,...Read More
By Jordan Roy-Byrne CMT, MFT A few weeks ago we wrote that it may not be Gold's time yet but a few recent developments suggest its time could be sooner than we anticipated. Although Gold failed to breakout last week, we should note the positive action in the miners. Over the past seven trading days the miners have strongly outperformed Gold. That includes the juniors, which appear very close to...Read More