By Davide BarbusciaDUBAI, Feb 25 (Reuters) - Saudi Arabian real estate developer Dar Al Arkan met fixed income investors last week for a so-called non-deal roadshow, discussions that were not linked to any specific plan for a bond issue, sources familiar with the matter said.Dar Al Arkan , which issued $500 million of Islamic bonds last April, held the meetings to update investors on the company's...Read More
(Repeats Feb 23 item with no change to text)By Trevor HunnicuttNEW YORK, Feb 23 (Reuters) - Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.Federal Reserve chair Jerome Powell has said little about the sharp fall in Wall Street stocks this month, besides offering the platitude at his swearing-in ceremon...Read More
DUBAI, Feb 25 (Reuters) - Saudi Arabia's annual consumer price inflation rate jumped to 3.0 percent in January after the government introduced a 5 percent value-added tax and hiked domestic gasoline prices, official data showed on Sunday.The statistics agency changed the base year for the consumer price index to 2013 from 2007 last month and adjusted the basket of goods and services, making direct...Read More
(Adds detail, background)JOHANNESBURG, Feb 25 (Reuters) - South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1,722 jobs at its Evander Gold Mine in the country's Mpumalanga province. The NUM said the company, which has a total workforce of 1,812 people at the mine, informed the union that the job cuts were due to deteriorating and inadequate inf...Read More
DUBAI, Feb 25 (Reuters) - Gulf stock markets rose in early trade on Sunday in response to gains in global bourses and oil prices at the end of last week, with Saudi Arabian petrochemicals in particular climbing because of Brent crude oil's rebound to the $67 a barrel level.The Saudi stock index added 0.3 percent in the first half-hour with 13 of 14 petrochemical stocks rising.Saudi Kayan Petrochem...Read More
JOHANNESBURG, Feb 25 (Reuters) - South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1,722 jobs at its Evander Gold Mine in the country's Mpumalanga province. The NUM said the company, which has a total workforce of 1,812 people at the mine, informed the union that the job cuts were due to deteriorating and inadequate infrastructure at themine, hi...Read More
DUBAI, Feb 25 (Reuters) - Strong global markets may give Gulf bourses an upward bias on Sunday, although moderate trading volumes in recent days suggest any gains may not be large.The Dow Jones Industrial Average rose 1.39 percent on Friday while Brent oil climbed on the last two days of the week, closing at $67.31 a barrel. Among corporate earnings announcements, Saudi Kayan Petrochemical swung t...Read More
The central banks’/states’ power to maintain a permanent bull market in stocks and bonds is eroding.There is nothing natural about the stability of the past 9 years. The bullish trends in risk assets are artificial constructs of central bank/state policies. As these policies are reduced or lose their effectiveness, the era of artificial stability is coming to a close.The 9-year run of...Read More
Minister says laundering and trading rules need to apply'Digital prospectus' should be required for ICOs, Loeger saysAustria’s finance ministry is looking at the trading rules for gold and derivatives as inspiration for drawing up regulations on cryptocurrencies for the nation and for the European Union.The goal is to prevent Bitcoin and similar virtual currencies from facilitating money la...Read More
Sandstorm gold released its 4Q'17 results on February 15, 2018. For the three months ended December 31, 2017, revenues were $15.4 million compared with $16.5 million for the comparable period.Production of gold equivalent was 12,032 Oz in the fourth quarter, down 9.2% compared with a year ago and down 15.8% sequentially.Sandstorm is exploring the idea of becoming a dividend paying company soon...Read More
Featured GuestsBill Murphy & Andy SchectmanShow HighlightsAndy Schectman of Miles Franklin Institute is partnering with Sprott Asset Management on a physical gold backed, distributed ledger with bullion held at the Royal Canadian Mint. Many pre-mined cryptos have early deep-pocket investors tend to own 80% or more of the tokens outstanding, diminishing the much touted decentralization aspects. T...Read More
By John MauldinNo One Is AverageHedonic GuessworkDisinflation FixationDallas, SIC, and San Diego"Nobody knows anything.... Not one person in the entire motion picture field knows for a certainty what's going to work. Every time out it's a guess and, if you're lucky, an educated one."- William Goldman, Oscar-winning screenwriterOn the surface, the film industry and central banking have little in...Read More
Jim delivers a nearly 2 hour deep dive of his February Hat Trick Letter where he maps out the central banks move to gold as the massive holds of debt is not sustainable. Jim explains BIS Chairman Zijlstra announcement expecting to see gold prices rise in order to put the gold oil ratio back in order.Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in...Read More
This is a very timely point to remind ourselves that when the market broke down and plunged a few weeks ago, it did so from a parabolic blowoff top, or as we had defined it, a 4-arc Fan Ascent, which amounts to the same thing for practical purposes, a top that was accompanied by all oscillators and indicators being at record overbought extremes. While this top may not look all that extreme compa...Read More
Click here for full transcript: http://financialrepressionauthority.c...Peter Boockvar is the Chief Market Analyst with The Lindsey Group, a macro economic and market research firm founded by Larry Lindsey. He is also the Co-Chief Investment Officer for Bookmark Advisors, an asset management firm and a member of Advisory Services Network, LLC. Prior to joining The Lindsey Group, Peter spent a brie...Read More
By Gary SavageAn analysis of the US Dollar and gold cycles suggests the upside potential for gold over the next month is rather limited, however a really great buying opportunity is revealed in the upcoming months.https://blog.smartmoneytrackerpremium.com/ Read More
Source: Michael Ballanger for Streetwise Reports 02/23/2018 Technical expert Michael Ballanger explores the maneuvering he believes underlies current market fluctuations. -->Back in January, I discussed the likelihood that global equity markets were approaching simultaneous tipping points beyond which legions upon legions of GenX-ers and Millennials would be thrown to the wolves by failing...Read More
Over the past few months, our research team has nailed many of the recent moves in the Metals market thanks to our advanced price modeling systems and detailed research. Recently, we’ve been watching a setup play out in Gold that has excited us. The potential for a massive upside rally that should originate as early as March 19 (only a few weeks away). The reason this is so...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Over the past few months, our research team has nailed many of the recent moves in the Metals market thanks to our advanced price modeling systems and detailed research. Recently, we've been watching a setup play out in Gold that has excited us. The potential for a massive upside rally that should originate as early as March 19 (only a few weeks away). The reason this is so exciting is that...Read More