Continue...Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
MUMBAI/BENGALURU - Demand for physical gold gathered steam during a key festival week, shrugging off a recent downtrend going into the traditional busy wedding season, while other major Asian hubs saw limited activity.India, the second biggest bullion consumer after China, celebrated the Dhanteras and Diwali festivals this week, when buying gold is considered auspicious."We were initially skeptica...Read More
Guyana Goldfields (TSX:GUY) announced today that is has started underground development at its 100%-owned Aurora Mine, which is located in northwestern Guyana, in a territory in dispute with Venezuela.In a media statement, Guyana Goldfields said is has completed the first blast on the Mad Kiss portal and that now the contractor is working on completing and reinforcing the collar and extending the...Read More
The recent weakness in Gold and gold mining stocks is not over. In fact, we are worried about another leg down getting underway.Continue...Read More
Continue...Theodore Butler is an independent silver analyst who has published unique precious metals commentaries on the internet since 1996. He is the head of Butler Research LLC, where he offers a subscription service of weekly commentaries, including detailed analysis of the Commitment of Traders Report, regulatory developments, supply and demand considerations, and topics of interest to invest...Read More
LONDON (Reuters) - Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes.Benchmark Brent crude LCOc1 fell below $70 a barrel for the first time since early April, down more than 18 percent since reaching four-year highs at the beginning of October.Brent dropped $1.52 to a low of $69...Read More
European stainless steel market participants were losing confidence that the market will recover early in the New Year, they told Fastmarkets on Friday November 9, with transaction prices falling further this week.Transaction prices for grade-304 cold-rolled (CR) stainless sheets were assessed at ?,?2,150-2,200 ($2,454-2,511) per tonne delivered on Friday, down by ?,?30-60 per tonne from ?,?2,180-...Read More
LONDON (Reuters) - Britain’s economy picked up pace during the third quarter, growing at the fastest rate since late 2016, but this may prove a high watermark ahead of Brexit, official figures showed on Friday.Gross domestic product in the three months to September was 0.6 percent higher than in the previous quarter, matching the consensus forecast in a Reuters poll of economists, figures fr...Read More
* Italy/Germany bond gap returns to above 300 bps* Bank of Italy says Italy/Germany spread must be reduced* German Bund yields fall from 2-week highs* US 2, 5-year bond yields hit decade highs after Fed meeting* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts to focus on Italy, adds quotes)By Dhara Ranasinghe and Virginia FurnessLONDON, Nov 9 (Reuters) - Italy’s bond yields...Read More
Key data for the pricing session for the week ended Friday November 9. China Domestic ferro-chrome spot prices continued to soften slightly amid ongoing weak market sentiment. The UG2 chrome ore index dropped amid low liquidity, with buyers and sellers failing to agree a price in a falling market. The imported charge chrome...Read More
(Reuters) - A federal judge in Montana halted construction of the Keystone XL oil pipeline on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project.The ruling deals a major setback for TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline.The rulin...Read More
(Adds background, details, quotes)ISTANBUL, Nov 9 (Reuters) - Turkey's Treasury will not holdthree of six bond auctionsoriginally scheduled for next week,it said on Friday, after its financing needs decreased due tonew savings measures and strong demand for eurobonds.The move is likely to ease some worries over Ankara'sexternal funding after a currency sell-off earlier this yearsent the lira to a...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
The DJI couldn't capitalize on strong Disney earningsThe Dow dropped over 200 points today, despite an impressive earnings beat from Walt Disney (DIS). Lackluster data out of China weighed on stocks, and traders also watched as oil prices slipped further into bear market territory. In fact, black gold dropped for a 10th straight session, marking its longest losing streak in over 30 years. Meanwhil...Read More
Ignoring select Vanguard funds can help investors make 226% more than the average Vanguard investor.With more than 180 funds to choose from, most every Vanguard investor needs advice on which funds are best for them to own. Trouble is...Vanguard tells investors to buy funds no one should own, while hiding some of their strongest funds.Wealthy investors are some of the most demanding people out the...Read More
ANKARA, Nov 9 (Reuters) - Turkey's lira weakened around onepercent against the dollar to its weakest level of the week onFriday after the U.S. Federal Reserve reaffirmed its stand ontightening monetary policy, causing markets to price in a U.S.December rate hike.The lira has recovered strongly from a plunge toa record low of 7.24 to the dollar in August, triggering heftyinterest rate hikes. Howeve...Read More
The major indexes pared gains as oil prices plummetedBlue chips showed strength this week, with an earnings-induced bull gap for big-cap energy name Chevron (CVX) getting the bullish ball rolling on Monday. Wall Street's positive reaction to midterm election results in the U.S. only created bigger tailwinds, with the insurance sector seeing notable gains after several states voted to expand Medica...Read More
* Europe's STOXX down 0.4 pct * Miners, autos, oil stocks tumble * Thyssenkrupp sinks 9 pct after profit warning* Luxury stocks suffer from weak Richemont results (Updates prices, adds details)By Julien Ponthus and Helen ReidLONDON, Nov 9 (Reuters) - European shares slipped on Fridayas mining and oil stocks sold off and weak results fromThyssenkrupp and Richemont weighed on sentiment.The pan-Europ...Read More
Trump called the Keystone ruling 'a disgrace'The U.S. stock market is lower today, as oil prices head for a 10th straight loss. Among individual names making big moves are oil-and-gas issue Canadian Natural Resources Ltd (NYSE:CNQ), bobblehead maker Funko Inc (NASDAQ:FNKO), and money transfer provider MoneyGram International Inc (NASDAQ:MGI). Here's a quick roundup of what's moving shares of CNQ,...Read More
CloseGain/LossOn WeekGold $1209.90-$14.00-1.88%Silver$14.17-$0.26-3.93%XAU64.16-1.88%-4.51%HUI143.41-1.61%-4.04%GDM529.60-1.47%-3.05%JSE Gold1098.11-23.50-3.09%USD96.90+0.22+0.47%Euro113.39-0.22-0.49%Yen88.03+0.06-0.43%Oil$60.19-$0.48-4.67%10-Year3.190%-0.050-0.78%Bond137.875+0.6875+0.52%Dow25989.30-0.77%+2.84%Nasdaq7406.90-1.65%+0.68%S&P2781.01-0.92%+2.13% The Metals: Go...Read More