* Spot gold to fall further towards $1,300/oz -analyst* Trump fires Secretary of State Tillerson (Updates prices; adds comment, NEW YORK to dateline, additionalbyline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, March 13 (Reuters) - Gold prices turnedpositive on Tuesday as the U.S. dollar lost ground after newsthat U.S. President Donald Trump replaced Secretary of State RexTillerson, while U...Read More
STRASBOURG, March 13 (Reuters) - The European Commission isexpecting to hear from the United States in the coming days howthe European Union can avoid U.S. import tariffs on steel andaluminium, Commission President Jean-Claude Juncker said onTuesday.The EU is seeking to be exempted from planned U.S. importduties of 25 percent on steel and 10 percent on aluminium, butsays Washington has not made cl...Read More
SHANGHAI, March 13 (Reuters) - China's top steelmaking cityof Tangshan will order some steelmills to cut production by asmuch as half to improve air quality, after curbs put in placeduring winter expire in March, the government said on Tuesday.Some steel mills that have been slow in tacklingenvironmental pollution will have to cut production by up tohalf based on air quality, the Tangshan Developm...Read More
No traditional havens had positive beta to VIX lately: GoldmanDerivative hedges will become more important, strategists sayHSBC's David Bloom Says There Is No InflationTraditional safe havens haven’t been working out for investors in the latest ructions in financial markets, strategists at Goldman Sachs Inc. warned.With the rise of inflation and interest rates, and the end of an era of low...Read More
Bart Melek, TDS Head of commodity strategy, expressed his view on gold prices this year in the latest research note. Key Quotes: "Given Powell's bullish view on the U.S. economy, increasing chatter of four hikes in 2018 and a potential upward shift in the distribution of the dots next week we would not be surprised to see precious metals take a run at the lower end of the ranges. However,...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) spiked Tuesday after it posted a 59% increase in profits to almost $2.6 billion last year, thanks to strong copper prices and cost-cutting measures that helped offset a slight decline in production.Net profit for the year ended Dec. 31 climbed to $750.6 million from $158 million a year earlier, a more than four-fold increase, which allowed the co...Read More
TOKYO, March 13 (Reuters) - Japanese shares rose for afourth day on Tuesday in choppy trade as a weak yen triggeredbuying in futures, offsetting weakness in steelmakers andautomakers still battered by concerns about U.S. tariffs onimported steel and aluminium.The Nikkei average gained 0.7 percent to 21,968.10while the broader Topix added 0.6 percent to 1,751.03.Tuesday's winners included defensive...Read More
The Hedgeless HorsemanPosted Mar 12, 2018During the last few weeks I have spent pretty much all of my time digging deeper into why there seems to be so much widespread conglomerate gold in Pilbara, something which I highlighted in my first paidNovo article, and which is also apparent when you take a look at one of Novo’s slides:(Click on images to enlarge)Source: Novo Resource’s March...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Action Alerts Plus holding Apple (AAPL) is making news Monday for shooting down an acquisition of Netflix (NFLX) or Disney (DIS) .The Dow is now more than 1,400 points below its all-time high of 26,616 set on Jan. 26.The FAANG stocks continue to push to new highs. TheStreet's Francesca Fontana reports why. Wall Street Overview The...Read More
Jack ChanPosted Mar 12, 2018GLD – on sell signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on sell signal.***GDXJ – on buy signal.***Speculation is in bull market values.Data is supportive for overall higher prices.The is a massive bottoming pattern four years in the making.SummaryLong-term – on major buy signal.Short...Read More
Geopolitical uncertainty is helping to support gold prices, but an impending rate hike in less than two weeks could finally take its toll on the market, with some analysts expecting gold prices to test support below $1,300 an ounce in the near-term. The gold market closed its second week in relatively neutral territory, within a narrowing trading range. April gold futures last traded at $1,329 a...Read More
3 Hot Things in the Market Right Now General Electric's (GE) stock looks to build on last week's surprising 6% gain. Spotify is reportedly shooting for an April 2 listing of its stock.The collective valuations of U.S. tech stocks, as well as online retailer and Action Alerts Plus holding Amazon (AMZN) , have now topped $7 trillion, according to Bank of America Merrill Lynch, a figures that...Read More
March 21 is just over a week away.That's when the Federal Open Market Committee, FOMC, the Fed's interest rate policy arm, will raise interest rates another 0.25%, the sixth such rate increase since the "liftoff" in interest rates in December 2015.This is the most aggressive tempo of rate hikes of any major central bank and puts U.S. policy rates significantly higher than those in the U.K., Japan...Read More
Every day, hundreds of regular investors just like you are becoming millionaires…And the way they're doing it is simple.They're taking advantage of the explosive growth of the medical marijuana market!A few years ago, this market was essentially worth nothing...But last year, according to Forbes, it exploded to $10 billion in sales. And by 2020, it's estimated to reach $20 billion.You might...Read More
Most of us insure our cars, homes, and other valuables.But what about your wishes?Who would you trust to pay your bills, manage your investments, and make important health care decisions if you can't?Who would make sure that things get done just the way you want them done in the event of something happening to you?It doesn't matter if you're young or old, healthy or frail, wealthy or not-so-wealth...Read More
An old friend excitedly texted me over the weekend.He wanted to get my thoughts on Spotify and Dropbox, two hot initial public offerings set to hit the market sometime in the next few weeks."I don't trade IPOs," I replied.While my buddy was disappointed that I didn't have any hot tips for him, we ended up having a productive conversation about how new stocks trade - and the best time to buy them.F...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMar 13, 2018As the world transitions from deflation to inflation, investors need to engage in serious sector rotation or they risk being left behind.Income growth in China/India, US government tax cuts, central bank rate hikes, and quantitative tightening are the main fundamental forces o...Read More
CloseGain/LossGold $1325.80+$2.10Silver$16.57+$0.02XAU79.70+0.04%HUI174.25-0.09%GDM606.84-0.03%JSE Gold1090.13-15.81USD89.74-0.14Euro123.90+0.48Yen93.88-0.18Oil$60.71-$0.6510-Year2.847%-0.020T-Bond145.15625+0.40625Dow25007.03-0.68%Nasdaq7511.01-1.02%S&P2765.31-0.64% The Metals: Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and...Read More
Sampling at Golden Arrow Resources Corp.'s Antofalla silver-gold property in northwest Argentina's Catamarca province. Photo Credit: Golden Arrow Resources Corp. Golden Arrow Resources Corp. (TSXV: GRG) a member of the Grosso Group of companies is placing its precious and base metal exploration assets in Argentina into a new, 100%-owned subsidiary called New Golden Exploration, now that its...Read More
Graceland Updates By Stewart Thomson 1. As the world transitions from deflation to inflation, investors need to engage in serious sector rotation or they risk being left behind.2. Income growth in China/India, US government tax cuts, central bank rate hikes, and quantitative tightening are the main fundamental forces of this transition.3. Please click here now. The paint is ba...Read More