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FOREX-Euro stumbles after recent rally though outlook bullish

January 08, 2018 / www.kitco.com

* Sell dollar theme remains alive in currency markets* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 8 (Reuters) - The euro slipped a third of a percent on Monday as investors took profits after a recent rally though currency markets remained bullish about the outlook for the single currency on the backdrop of a strengthening economic recovery.With foreign exchange markets extend...Read More

Police State: Thousands of Americans’ Electronics Illegally Searched at Border

January 08, 2018 / www.thedailybell.com

Over 30,000 people had their electronic devices searched without probable cause or a warrant by Customs and Border Protection in 2017. This is a 50% increase from 2016.Most of the searches took place at airports when travelers were leaving the country. And 80% of those searched were not American citizens.I happen to think anyone on American soil deserves every protection under the Bill of Rights....Read More

LIVE FUTURES REPORT 08/01: Comex copper price stabilizes to open week

January 08, 2018 / www.metalbulletin.com

Comex copper prices recovered from a one-week low amid consolidation on Monday January 8, while a stronger dollar is likely to cap the upside. Copper for March settlement on the Comex division of the New York Mercantile Exchange rose 1.25 cents or 0.4% to $3.2420 per lb. Last week, the contract hit the lowest point since December 22. "Prices could look to resume their upward...Read More

Perth Mint's Dec gold sales up 13 pct, silver surges 61 pct

January 07, 2018 / www.kitco.com

Jan 8 (Reuters) - The Perth Mint's sales of gold and silver products rose in December from a month ago, the mint said in a blog post on its website on Monday.Sales of gold coins and minted bars rose 13 percent to27,009 ounces in December from 23,901 ounces a month ago, the mint said.Silver sales during December surged 61 percent to 874,437 ounces from 544,436 ounces in November.The Perth Mint refi...Read More

Why You Should Embrace the Twilight of the Debt Bubble Age

January 08, 2018 / www.acting-man.com

Onward Toward DefaultPeople are hard to please these days. Clients, customers, and cohorts - the whole lot. They're quick to point out your faults and flaws, even if they're guilty of the same derelictions. The age-old art of assigning blame - in this case complemented by firm knowledge of the proper way to prosperity (see lower right corner). Jack Lew not only sees the future with perfect cl...Read More

Europe Tops 2015 Highs, Wall Street Looks to Extend Best Start in Over a Decade - TheStreet

January 09, 2018 / www.thestreet.com

European stocks opened higher Monday, while U.S. equity futures looked to extend their best start to a new year in more than a decade as investors continue to take markets higher amid bets on synchronised global economic growth, robust corporate earnings and supportive central banks. Futures prices suggest another run at record highs on Wall Street Monday after the best first week of a new tradi...Read More

Market Insight: Paper market rebounds after China announces updated steel capacity replacement plans

January 08, 2018 / www.metalbulletin.com

China's ferrous futures prices turned around to surge late in the afternoon on Monday, January 8 after the country's officials declared stricter steel capacity replacement criteria to be implemented from this year.The production facilities that will be allowed to have capacity replaced will only include those recorded in capacity replacement plans approved by local or central governments...Read More

METALS-Copper consolidates, aluminium falls to near two-week low

January 08, 2018 / www.kitco.com

* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Updates with official midday prices)By Maytaal AngelLONDON, Jan 8 (Reuters) - Copper steadied on Monday as the market consolidated after strong gains in December and as a firmer dollar weighed, while aluminium hit a near two-week low amid growing stockpiles in China.The dollar rose against the euro, making dollar-priced metals costlier for non-U.S. in...Read More

China AM: Steel futures fall, materials rise

January 08, 2018 / www.metalbulletin.com

China's steel futures saw losses during morning trading on Monday January 8, while raw materials contracts ticked up slightly.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,764 ($580) per tonne, down 6 yuan per tonne May hot-rolled coil: 3,806 yuan per tonne, down 6 yuan per tonne Dalian Commodity Exchange May iron ore: 542 yuan per tonne, up 3.50 yuan per tonneMay...Read More

Gold Seeker Closing Report: Gold and Silver End Slightly Lower

January 08, 2018 / news.goldseek.com

CloseGain/LossGold $1320.00-$0.50Silver$17.12-$0.08XAU86.29-1.26%HUI194.89-1.64%GDM656.05-0.87%JSE Gold1319.12-3.59USD92.34+0.37Euro119.67-0.75Yen88.47+0.04Oil$61.73+$0.2910-Year2.479%+0.002T-Bond151.8125UNCHDow25283.00-0.05%Nasdaq7157.39+0.29%S&P2747.71+0.17% The Metals: Gold fell $5.70 to $1314.80 in Asia before it bounced back to $1321.00 in London and then drifted back lower in morning...Read More

2018: Year of Accelerating Social Change - Part I - Time For a Change

January 08, 2018 / news.goldseek.com

This video discussion between Charles Hugh Smith and Gordon T Long is Part I of a three part series. The first part examines why 2018 is going to be the "Time For A Change". Thought there are many reasons the video focuses on four primary pillars with the aid of 26 supporting slides. http://gordontlong.com/ Read More

More Important Than Gold's Bottoming Price

January 08, 2018 / news.goldseek.com

Time is more important than price. That's what we - investors - are often made to believe regarding the future price movement. And rightfully so. The price could reach a bottom several dollars ahead of the predicted price target or it could break through it, leaving investors wondering, if there was a breakdown and thus they should expect to see another big downswing shortly. With time, things a...Read More

Peter Schiff: What to expect from gold, silver, oil, and more

January 08, 2018 / marketsanity.com

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. 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, BusinessWeek, Time...Read More

Jack Chan's Weekly Precious Metals Update

January 08, 2018 / news.goldseek.com

Source: Jack Chan for Streetwise Reports 01/08/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting a falling dollar is supportive for metal prices. -->Our proprietary cycle indicator is up.Gold sector is on a long-term buy signal.Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sect...Read More

John Rubino-Uncharted Territory

January 08, 2018 / marketsanity.com

According to John we are in uncharted territory so far as the stock markets' valuations are concerned anyway. We've seen financial assets and real estate go way, way up. Now we are starting to see prices going up in energy and perhaps the rest of the commodity sector. This will invariably lead to higher consumer prices. And perhaps most importantly, interest rates are going up. We thought the yiel...Read More

Brazilian long steel imports down 23% in 2017

January 08, 2018 / www.metalbulletin.com

Brazilian long steel import volumes dropped by 23.40% year-on-year in 2017, due to reduced shipments from China.The country imported 197,827 tonnes of non-alloy long steel products last year, down from 258,270 tonnes in 2016,...Read More

FOREX-Euro pauses after strong run

January 08, 2018 / www.kitco.com

* Sell dollar theme remains alive in currency markets* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 8 (Reuters) - The euro dipped a quarter of a percent on Monday as investors took profits after a recent rally though markets remain optimistic about the outlook for the single currency after lackluster U.S. jobs data.With foreign exchange markets extending the sell-dollar theme fr...Read More

Gordon Chang: Blowup w/ China or North Korea Could Change Almost Everything Overnight

January 08, 2018 / news.goldseek.com

Listen to the Podcast Audio: Click Here Mike Gleason: It is my privilege now to welcome in Gordon Chang, author, television pundit, and columnist at the Daily Beast. Gordon is a frequent guest on Fox News, CNBC, and CNN, among others, and is one of the foremost experts on Asian economics and geopolitics, having written books on the subject and it's great to have him back on with us.Gordon, it's...Read More

Frank Holmes: Is Gold's Monster Rally Just the Start of Great Things for the Metal?

January 08, 2018 / marketsanity.com

"The rally was more of a dead-cat bounce and a test of the lows is in order. We are watching the $1,328 level on a weekly basis. Until gold closes above that level, we will trade it from the short side. We are long-term bullish, short-term bearish." Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that man...Read More

Equinox Gold to start full-scale construction at Brazilian mine

January 08, 2018 / www.mining.com

Recently formed Equinox Gold (TSX-V:EQX) announced that its board of directors approved $146 million for the full-scale construction at the Aurizona Gold mine, located in the Maranh??o state of north-eastern Brazil.With the idea of pouring gold in late 2018, the company says it has already spent $25 million advancing detailed engineering work, raising the existing tailings facility, refurbishing e...Read More

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