SummaryMy Investment Model has a high allocation to stocks with an increasing shift to a conservative rotation. Financial risk is low with improving corporate performance, steady economic growth, and moderate inflation. Medium-term risks are less slack in the economy, rising interest rates, and the unwinding of "quantitative easing." Longer-term risks are high valuations.Most people have inadequat...Read More
Private Blog – Gold in 2018 – Are We Ready Now?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
Gold is looking to confirm that it is in the early stages of the next leg of a bull market which began in December 2015.Continue...Read More
Dr. Roberts discusses the evidence-or the lack of it-for the accusations that Russia colluded with the Trump campaign to throw the election to Trump. Continue...Read More
LONDON, 3 January 2018 - BullionVault's latest Gold Investor Index features today at What Investment, a leading personal finance magazine for UK investors."The old year ended with a bang for gold investing," says the magazine, "as demand hit a 13-month high at online and mobile platform, BullionVault."Quoting BullionVault's data and analysis in depth, its customers "added almost two-thirds of a to...Read More
Source: Thomson Reuters Datastream; BMG Group Inc.Read More
Calgary, Alberta (January 3, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has successfully completed its second and final drilling program of 2017 on the Toughnut Property near Nelson in southeastern British Columbia.A total of 11 diamond drill holes were completed totalling 1,729.96 meters from 7 drill p...Read More
SHANGHAI, Jan 3 (Reuters) - China's yuan eased against the U.S. dollar on Wednesday after the central bank set the daily midpoint at its strongest level in 20 months, prompting a rush of dollar buying by corporates.Prior to market opening on Wednesday, the People's Bank of China (PBOC) set its official yuan midpoint at 6.4920 per dollar, breaching the key threshold 6.5 per dollar level.Wednesday's...Read More
By Aditya SoniJan 3 (Reuters) - Most Southeast Asian stock markets rose on Wednesday, tracking gains across Asia, with the Philippines rising more than 1 percent to a fresh record on its first trading day of the year.A bevy of strong manufacturing data that underscored an upturn in world economic growth boosted risk appetite, lifting broader Asian stocks to a fresh decade high. MSCI's index of Asi...Read More
Indonesia's government has extended until June 30, 2018, the temporary special mining permit it issued to PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan (NYSE:FCX).The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations in the country, wh...Read More
CloseGain/LossGold $1318.20+$15.00Silver$17.17+$0.23XAU88.14+3.36%HUI198.60+3.27%GDM666.00+2.30%JSE Gold1317.36+13.77USD91.86-0.44Euro120.65+0.62Yen89.12+0.31Oil$60.37-$0.0510-Year2.458%+0.047T-Bond151.84375-1.15625Dow24824.01+0.42%Nasdaq7006.90+1.50%S&P2695.79+0.83% The Metals: Gold gained $11.20 to $1314.40 in midmorning New York trade before it pared back heading into midday, but it the...Read More
Momentum as well as technicals for the US dollar are bearish. Everyone is short the greenback. I will prefer to look for signs of profit taking on short US dollar positions. FOMC minutes on Wednesday, US December private ADP employment numbers on Thursday and US December nonfarm payrolls on Friday will affect the short term trend of the US dollar. Last year the focus of the markets was on intere...Read More
By Chris ThomasJan 3 (Reuters) - Miners gave Australian shares a jump-start on Wednesday, supported by rallying metal prices, while investors were also cheered by Wall Street's strong start to 2018.The S&P/ASX 200 index rose 0.2 percent, or 11 points, to 6,072.3 by 0026 GMT. The benchmark had closed marginally lower on its first day of trade in the year."We saw pretty strong Chinese data...Read More
An ounce of gold gains nearly $80 in the last three weeks. Greenback continues to suffer losses against its rivals. The XAU/USD pair's rally, which started after the pair refreshed its five month-low at $1236 on December 12, hasn't lost any strength on the first trading day of 2018, lifting the pair to its highest level in more than three months at $1315. As of writing, the pair was...Read More
* Oil trades near strongest levels since mid-2015* Retailers up after bullish note* Indexes up: Dow 0.4 pct, S&P 0.8 pct, Nasdaq 1.5 pct (Updates volume, adds details)By Caroline ValetkevitchNEW YORK, Jan 2 (Reuters) - U.S. stocks rose in the first session of the new year and the Nasdaq closed above 7,000 for the first time on Tuesday as investors were optimistic that 2018 will bring more gain...Read More
Gold ended 2017 on a strong and solid note with consistent daily gains throughout the final trading days of last year. The rally, which began on December 11th of last year when gold prices hit an intraday low of $1238 per ounce, continues into the New Year. Trading to just over $1300 per ounce on the final trading day of 2017, gold traders continue to have favorable sentiment to the safe haven ass...Read More
(Adds view on U.S. dollar, updates prices)Jan 2 (Reuters) - Latin American currencies firmed sharply on Tuesday as the dollar broadly retreated on bets for a slower pace of U.S. interest rate hikes while solid economic growth data in China bode well for the region's raw materials exports. A key dollar index hit a 3-1/2-month low, weighed by expectations of a slower pace of interest rate increases...Read More
* U.S. stocks close higher, boosting global shares* European equities close lower* Euro and sterling gain while dollar drops (Updates to U.S. market close; adds commentary)By Stephanie KellyNEW YORK, Jan 2 (Reuters) - The S&P 500 and the Nasdaq Composite notched record closing highs on Tuesday, the first trading day of 2018, while European equities finished lower and the U.S. dollar fell to it...Read More
(Adds trader comment, update prices)* Canadian dollar at C$1.2507, or 79.96 U.S. cents* Bond prices lower across the yield curve By Alastair SharpTORONTO, Jan 2 (Reuters) - The Canadian dollar strengthened to a 10-week high against its U.S. counterpart on Tuesday, the first trading day of 2018, as the greenback broadly fell and the price of oil held near its highest in 2-1/2 years.At 4 p.m. EST (...Read More