Iran has announced that purchase orders by merchants that are based on US currency will no longer be allowed to go through import procedures.Continue...Read More
By Ira EpsteinNews of tariffs against China sends the US Dollar down and causes a late day rally in gold.https://www.iraepstein.com/ Read More
One of the most asked question is if GLD is the same as owning gold. Like all Wall Street fiat money products, ETFs are actually a contract where the individual investor agrees to pay all the costs, run most of the risks and diminishes daily. Since the most important function of gold is to hold value over time, gold ETFs, by design, do not support the reason most people buy gold. Lynette Zang has...Read More
Among the topics addressed over the course of the call:the current commodity selloff in the face of the ongoing dollar weaknessthe purpose (if there is any) of the 135MM ounce JPM Comex silver vaultDavid's three ideal investments for the next 20 yearswhich mining companies offer the best potential returns going forwardwhether technical analysis is useful in today's marketsand much, much more!David...Read More
*This interview was recorded on 3/1/18Jim Grant discusses the rising rate environment.?>>?James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "Th...Read More
Gerald Celente of The Trends Journal observes that interest rates are going up and this could mean that stocks, housing, and economies could be going down. Debt keeps going up and how much longer can the world continue on? The world cannot take higher rates. The party is ending. In February markets starting going down and it was attributed to rising wages. However, when we look behind the headline...Read More
Gold pour at Porcupine mine. Image: GoldcorpAccording to the World Gold Council primary gold production hit another record in 2017 after nine years of growth in output, albeit at a much slower pace.Global gold production totalled roughly 105m troy ounces in 2017. Output is up 525 tonnes or nearly 17m ounces since the start of the decade.The top 10 listed, non-state owned gold miners are responsibl...Read More
via GoldinAmerica.com CPM Gold Outlook 2018EDIT- Some highlights from a very well done, insightful report as presented at this year's Denver Gold Group conference. CPM addresses current events, misconceptions, and trends. All angles are covered without bombast or hyperbole. Of note to us was the growing de-emphasis on Gold as "safe haven" asset and the growing perspective that it is becoming a...Read More
CloseGain/LossGold $1317.60-$1.00Silver$16.39-$0.03XAU78.27-0.89%HUI171.87-0.69%GDM597.17-1.04%JSE Gold1068.95-14.91USD90.63+0.23Euro122.00-0.33Yen93.83+0.56Oil$61.64-$1.3710-Year2.862%-0.039T-Bond144.50+0.9375Dow25029.20-1.50%Nasdaq7273.01-0.78%S&P2713.83-1.11% The Metals: Gold chopped in a relatively tight range of $1322.40 to $1316.00 and ended with a loss of just 0.08%. Silver rose to...Read More
In the third Goldnomics podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices?As the "Everything Bubble" continues to inflate, higher gold prices appear to be on the horizon. Stephen Flood, CEO of GoldCore and Mark O'Byrne, Research Director and world renowned precious metals analyst discuss the outlook for the gold...Read More
** Online property advertiser REA Group drops asmuch as 2.5 pct to A$75.1, its lowest in over two weeks, as ittrades ex-dividend** Shares mark their biggest intraday pct fall in nearlythree weeks, head for sixth straight session of losses** Bendigo and Adelaide Bank and retalierWoolworths Group also trade ex-div, fall 4.4 pct and2.4 pct, respectively** Shares of the bank and retailer among top dra...Read More
By Wayne ColeSYDNEY, March 1 27 (Reuters) - Australian businessinvestment suffered a surprising slip last quarter as minersspent less on buildings, yet other sectors splashed out more onplant and machinery in a positive sign for economic growth.Investment dipped a seasonally adjusted 0.2 percent in theDecember quarter to A$29.6 billion ($22.91 billion), data fromthe Australian Bureau of Statistics...Read More
(Adds detail on revised GDP)* Q4 capex +4.3 pct yr/yr, seasonally-adjusted 3.1 pctqtr/qtr* Suggests upward revision to revised Q4 GDP data out March8* Recurring profits +0.9 pct yr/yrBy Stanley WhiteTOKYO, March 1 (Reuters) - Japanese companies raised theirpace of investment in plant and equipment in October-December,suggesting the government will revise up its initial estimate ofeconomic growth f...Read More
** Japan Airlines Co rises 2.9 pct to one-monthhigh of 4,209 yen** Co says to buy back up to 2 pct of own shares worth 20bln yen($187.48 mln) ** Co reveals mid-term business plan ** As of the previous close, the stock had fallen 7.24percent so far this year.** As of 00:24 GMT, about 1.02 million shares of theTokyo-based company have been traded, about 56.7 percent oftheir 30-day moving average of...Read More
March 01 (BOJ Financial Markets Department) - The Bank of Japan announced the following interest rates for Japan's benchmark overnight call money. weighted average rate-0.053 percent highest rate 0.001 percent lowest rate-0.080 percent Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure ac...Read More
BOJ money market operations and current account deposit (2/28)March 01 (BOJ Financial Markets Department)in billion yen 2/28 Projected Preliminary RevisedBank notes -50 -60 -60Treasury funds and others570 520 520------------------------------------------------------------------------------Market balance 520 460 460------------------------------------------------------------------------------Subtot...Read More
** Miner Mustang Resources Ltd rises as much as12.5 pct to A$0.027, its highest since Feb. 22** Co says Mozambique government has issued miningconcession ** Stock posts its biggest intra-day pct gain since Feb. 14** Up to Wednesday's close, stock had fallen 21.9 pct thisyear Messaging: Aaron.Saldanha@thomsonreuters.com @reuters.net)) Disclaimer: The views expressed in this article are those of the...Read More
* -0.1% fresh 1.3746 low - opened -1.1% as Brexit uncertainty resurfaced* Soft Brexit essential for UK's resurgent car industry * Fall leaves momentum studies, 5, 10 & 20 DMAs heading lower* Bearish trending setup - 1.3764 Feb low & range base broken* Next stop 1.3693, 50% Nov/Jan rise, then 1.3614 early Jan high* Close above 1.3925/36, falling 10 & 20DMAs needed to undermine bias<^...Read More
(Adds detail, analyst comment)* Feb exports up 4.0 pct y/y, imports up 14.8 pct y/y* Fewer working days due to Lunar New Yr crimps exportsgrowth By Cynthia KimSEOUL, March 1 (Reuters) - South Korea's export growthslowed in February to its weakest in more than a year,government data showed on Thursday, showing the effects of along Lunar New year holiday and a potential slip in overseasdemand for Ko...Read More
HANOI, March 1 (Reuters) - Data from the Nikkei Vietnam Purchasing Managers' Index forFebruary.Readings above 50.0 indicate an improvement in businessconditions and readings below 50.0 indicate a deterioration. DATAFEBJANDECNOV53.5 53.4 52.5 51.4 CONTEXT* Vietnam's PMI rose to 53.5 in February, the highest sinceApril 2017, with new orders posting solid increase backed byimproved demand. Business c...Read More