Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Source: Michael J. Ballanger for Streetwise Reports 12/11/2018 Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market. -->Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?"Gold is the money of kings. Silv...Read More
As a general rule, the most successful man in life is the man who has the best information Who controls the US economy? The "power of the purse" resides within the US Congress and the powers to set fiscal and monetary policy are delegated to the US Central Bank, otherwise known as the Federal Reserve. While the success of US Presidents often depends on how well the economy does during their t...Read More
By Hubert Moolman Previously, I have shown how we could be close to major financial crisis with the monetary system at the center. The following chart that shows the ratio of gold to the monetary base was used: The chart shows the ratio of the gold price to the St. Louis Adjusted Monetary Base back to 1918. That is the gold price in US dollars divided by the St. Louis Adjusted Monetary Base...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
By Frank HolmesIf you followed some of my posts from two years ago, you might recall that I was in favor of Brexit. I still am. One of British voters' main grievances was the heavy burden of European Union (EU) regulations, many of which are decided by unelected bureaucrats in Brussels. Altogether, these regulations cost U.K. businesses an estimated 33.3 billion pounds every year. Voters should...Read More
Incredible! The Dow swung nearly 570 points on Tuesday without breaking above or below the previous day's range. This is what chartists refer to as an "inside day." In fact, the blue chip average didn't traverse even half of Monday's epic, 1214-point swing. Get used to the wild oscillations, since volatility is unlikely to subside until we come to regard a bet on more of it as a sure thing. Pa...Read More
- Gold Krugerrand coin worth $1,200 put in charity kettle - this time in Alaska- Mystery Salvation Army gold donors keep giving Gold Krugerrands- Gold, like pounds, euros and dollars can be used for good or ill- Give the gift of gold in this the Season of Kindness Gold Krugerrands (1 oz) being used for goodSalvation Army staff in Alaska got a big surprise while counting change from their red ke...Read More
The outlook for the steel market in the Middle East is improving because of improved oil prices, Abu Bucker Husain, chief executive officer of United Arab Emirates-based Al Ghurair Iron and Steel (AGIS) said in his presentation on Tuesday December 11 in Dubai.2017 had been the worst year for contracts being awarded in the Middle East since 2012 but now investment in construction, infrastructure pr...Read More
The S&P's hair trigger has been especially sensitive latelyUnless you've been hiding under a rock, you're probably aware that the stock market has been pretty volatile lately, especially compared to the slow burn higher of 2017. Day traders especially might have noticed the massive intraday swings we've experienced lately; for instance, the Dow erased a 500-point deficit to end higher Monday, and...Read More
Demand for flat steel in Turkey is expected to remain slow throughout December, and export demand was not strong because of seasonal reasons, but prices are not expected to fall because they did so in November, market participants told Fastmarkets on Thursday December 6.Local producers have filled their order books until late January, they said.The price falls in November resulted in part from wea...Read More
The drug company's experimental Tourette's treatment failed a mid-stage study Shares of Neurocrine Biosciences, Inc. (NASDAQ:NBIX) are down 21% at $67.77, after the company said its Tourette's drugfailed a mid-stage trial. The dramatic early drop sent NBIX stock to a new annual low of $64.72, and the security is pacing for its worst day since September 2013. NBIX has surrendered roughly 47% since...Read More
KBW is cautious on the banking sector in 2019KBW is cautious on the banking sector in 2019, saying it does not "see enough positive catalysts emerging," and suggesting traders "stick with quality and self-help stocks." Additionally, the brokerage firm downgraded several bank stocks to "market weight" from "overweight," including Bank of America Corp (NYSE:BAC). KBW also dropped its BAC price targe...Read More
The choice may not be too surprising if you've followed the industryBrokerage firm Jefferies this morning issued a thorough note on the video game sector. Analyst Timothy O'Shea said a survey of 500 gamers pointed toward Take-Two Interactive Software, Inc.'s (NASDAQ:TTWO) "Red Dead Redemption 2" as the winner of the holiday season. TTWO shares are trading up 2.3% at $107.85 in response. Looking ba...Read More
As Fastmarkets begins a series on the use of blockchain in commodities, we take a look at the basic concepts in a guide for beginners. What is blockchain?Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets. In other words, it is a record of deals and data that can be shared among members of a network and that cannot be changed.Wait, s...Read More
Trump said he would intervene in the Huawei exec's legal troubles "if necessary"Dow Jones Industrial Average (DJIA) futures are trading more than 200 points above fair value, after President Donald Trump chimed in on last week's arrest of Chinese tech exec Meng Wanzhou -- who was released on bail yesterday by a Canadian judge. Speaking to Reuters, POTUS said he "would certainly intervene" if he th...Read More
NVDA has shed nearly half its value since Oct. 2Perhaps no stock has fallen further from grace during the broad market sell-off than Nvidia Corporation (NASDAQ:NVDA). Today, the chip stock is down 0.6% in electronic trading, after RBC trimmed its price target to $230 from $260, but even that still represents a 55% premium to yesterday's closing perch of $148.19. Also adding pressure is a report ou...Read More
Timely access to reliable data has been a key factor hindering the success of trade finance for years. Fastmarkets looks at what the problem is and how blockchain has set out to overcome it.Trade finance, the complex management of capital required for international trade to flow, has made huge strides in developing blockchain networks designed to ultimately replace more traditional methods.It is a...Read More
The inverted yield curve is a popular predictor of recessionsThe yield curve is created by plotting the yields on U.S. Treasuries at various maturities. It's getting a lot of press lately because the five-year rate has overtaken the two-year rate. It's expected that the 10-year rate will soon surpass the two-year rate, meaning an inversion between the more popular 2-year/10-year yield spread. An i...Read More
Silver breached 1-month highs on Wednesday with Gold also at 5-month highs on expectation of fewer rate rises in the United States in 2019. Meanwhile oil rose 2% above $53 per barrel supported by an industry report that showed a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. Where are commodity prices heading next? Watch Phil...Read More
Iranian export billet and slab prices continued to fall this week, with sanctions leading suppliers to cut offers, but with little success.Billet offers from Iran were heard at $395-405 per tonne fob, depending on the producer, down from $405-412 per tonne fob last week.However, most customers have held back from purchasing Iranian material."It is too risky to buy Iranian steel...Read More