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
Steel billet import prices in Egypt continued to fall in the week to Thursday August 9 as buying activity remained limited by the holiday season and the expectation that finished long steel prices will soon drop as a result of lower scrap prices. ...Read More
MOSCOW, Aug 9 (Reuters) - Russia's central bank said on Thursday it was proposing to limit investments made by insurance companies into securities that were issued by a single entity.The central bank said in a statement on Thursday that it proposed to cap such investments by an insurance company to 10 percent of that company's total reserves.The regulator said the proposals were made to increase t...Read More
LONDON (Reuters) - Soft drink bottler Coca-Cola HBC (CCH.L) on Thursday reported higher-than-expected half-year revenue, helped by warm weather across Europe and the World Cup soccer tournament.The bottler of Coca-Cola (KO.N) drinks said net revenue was 3.23 billion euros in the first half of the year, slightly ahead of analysts’ estimates for 3.22 billion, according to Jefferies analysts.Th...Read More
ArcelorMittal has restarted blast furnace No4 at its Zenica long steel mill in Bosnia & Herzegovina, following a "comprehensive rebuild," equipment provider Danieli Corus said this week....Read More
LONDON (Reuters) - Oil rose on Thursday, recouping some of the previous day’s steep price slide, after the first round of U.S. sanctions against Iran came into effect, although confidence in crude demand has been hit by the escalating China-U.S. trade dispute.Brent crude LCOc1 futures were up 17 cents at $72.45 barrel by 1107 GMT, after having lost more than 3 percent on Wednesday. U.S. crud...Read More
The import market for hot-briquetted iron (HBI) in Italy has fallen in the wake of the price decline in the steel scrap market, sources told Metal Bulletin on Thursday August 9....Read More
* Italian bond yields mostly steady* 10 year German Bund yields hit two week lows* Lira and rouble weakness fuel risk aversion* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates price moves, adds comments, detail)By Dhara Ranasinghe and Virginia FurnessAug 9 (Reuters) - Euro zone bond yields inched down on Thursday as risk aversion gripped world markets and boosted demand for fixed...Read More
CloseGain/LossGold $1212.00-$1.50Silver$15.44+$0.02XAU74.46+0.09%HUI159.92-0.36%GDM577.95+0.04%JSE Gold1054.15-3.56USD95.60+0.50Euro115.30-0.85Yen90.28+0.22Oil$66.81-$0.1310-Year2.926%-0.037T-Bond143.4375+0.8125Dow25509.23-0.29%Nasdaq7891.78+0.04%S&P2853.58-0.14% The Metals: Gold dipped $2.60 to $1210.90 in Asia before it bounced back to $1217.20 in London and then dropped back...Read More
Gary Christenson wrote this article for Miles Franklin.Corruption in government is universal, now and throughout history. Like living with gravity, we realize it exists and carry on because we must.Fort Knox gold questions are like corruption and gravity. There are issues but we move on. Consider:There are 147 million ounces of gold supposedly stored in the Fort Knox Bullion Depository.It has no...Read More
Are there more central banks than the Fed and the ECB? Oh, yes. Last week, the Bank of England raised rates 25 basis points. What does it imply for gold? Second Hike in 10 Years On last Thursday, the Bank of England's Monetary Policy Committee voted to raise its key interest rate from 0.50 to 0.75 percent. As we can read in the summary of the monetary policy meeting: The Committee judges that...Read More
Buyers and sellers in the pig iron export market in the Commonwealth of Independent States were in wait-and-see mode in the week to Thursday August 9, because of the current fall in scrap prices....Read More
By Joe Ciolli - BusinessInsider.comCredit: ReutersLeuthold Group has sounded the alarm on a valuation metric that shows the S&P 500 is twice as expensive as it was at the peak of the tech bubble.This development could have large implications for stock investors of all types, particularly value traders who make their living by finding discounts in the market.With the stock market within shouting...Read More
Gold and silver will break free from the recent consolidation phase and form a new range soon. There will be buyers on dips as long as gold trades over the $1196-$1204 zone and silver trades over the $1490-$1510 zone. I am bearish on crude oil on fundamentals. All the trade war related negative news will result in businesses curtailing their expansion plans; there will be less jobs created world...Read More
* Q3 EBT down 16 pct at 78 mln euros vs forecast 84.1 mln * Sales up 8 percent at 2.97 bln euros vs f'cast 2.92 bln * Sees growth of 5.1-15 pct in operating EBT this year * Shares down more than 5 pct in early trade (Recasts with earnings outlook for full year, adds shares,comment)By Michael HoganHAMBURG, Aug 9 (Reuters) - Aurubis AG , Europe'sbiggest copper smelter, posted a fall in quarterly pro...Read More
Turkish deep-sea scrap import prices have gone down with the news of a fresh Baltic Sea cargo, despite overall demand still being very weak, sources said on Thursday August 9....Read More
Steel billet import prices in Egypt continued to fall in the week to Thursday August 9 as buying activity remained limited by the holiday season and the expectation that finished long steel prices will soon drop as a result of lower scrap prices. ...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The average person "investing" in wall street's casino typically does so through mutual funds, ETFs or variable annuities, inside of 401Ks, IRAs etc. Somehow, they trust wall street to manage their wealth and have their best interest at heart. As long as the markets moves higher, they are confident fiat money products are the right choice. But are they?The average person "investing" in wall street...Read More
Max interviews a banker-turned-blogger Michael Krieger of LibertyBlitzkrieg.com about political derangement in the days of Trump and why Google has turned to its dark side in China.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffing...Read More