CloseGain/LossOn WeekGold $1298.50+$1.60+0.42%Silver$16.76+$0.07+2.26%XAU82.93-0.07%-0.13%HUI178.83+0.11%-0.18%GDM623.60-0.30%+0.41%JSE Gold1060.13+14.27+4.47%USD93.57+0.12-0.70%Euro117.70-0.30+0.95%Yen91.40+0.22-0.02%Oil$65.74-$0.21-0.11%10-Year2.943%+0.024+1.41%Bond143.90625-0.21875-0.52%Dow25316.53+0.30%+2.77%Nasdaq7645.51+0.14%+1.21%S&P2779.03+0.31%+1.62% The Metals: Gold dipped to $12...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort185,32173,90550,712164,024298,371400,057422,988Change from Prior Reporting Period -8,331-4,617-2,230-7,337-9,679-17,898-16,526Traders18779744454260182 Small Speculators LongShortOpen Interest 50,58427,653450,641 -843-2,215-18,741 non reportable positionsChange from the previous...Read More
Next week is a very big week for the global financial markets due to:1. FOMC meet on 13th June2. Trump-Korean Leaders meet in Singapore on 12th June3. European central bank meeting on 14th June Plus the regular US economic data releases. Economics and geopolitics will be clashing with each other next week. The soccer world is also there next week. Some of the funds from equiti...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort185,32173,90550,712164,024298,371400,057422,988Change from Prior Reporting Period -8,331-4,617-2,230-7,337-9,679-17,898-16,526Traders18779744454260182 Small Speculators LongShortOpen Interest 50,58427,653450,641 -843-2,215-18,741 non reportable positionsChange from the previous...Read More
Next week is a very big week for the global financial markets due to:1. FOMC meet on 13th June2. Trump-Korean Leaders meet in Singapore on 12th June3. European central bank meeting on 14th June Plus the regular US economic data releases. Economics and geopolitics will be clashing with each other next week. The soccer world is also there next week. Some of the funds from equiti...Read More
Today marks the first day of a weeklong timeline that will include a series of events that will profoundly impact the financial markets and the geopolitical fabric for years to come. Today the Group of Seven began its meeting in Qu?(C)bec. Although President Trump will only be in attendance for a single day, his words and actions have the potential to create a deeper chasm between the United State...Read More
Today marks the first day of a weeklong timeline that will include a series of events that will profoundly impact the financial markets and the geopolitical fabric for years to come. Today the Group of Seven began its meeting in Qu?(C)bec. Although President Trump will only be in attendance for a single day, his words and actions have the potential to create a deeper chasm between the United State...Read More
Investor and commentator Cory Fleck of the Korelin Economics Report says investors need to appreciate that there's more to investing than just mining and resources.Read full newsRead More
President Trump wants Russia back at the G-7 tableThe Dow closed higher today, but gains were held in check by bubbling trade-war tensions ahead of this weekend's Group of Seven (G-7) meeting. The tit-for-tat tariff issues between the U.S., Canada, and Europe will be in focus during thesummit, and while President Donald Trump said Russia should be reinstated into the talks, French President Emmanu...Read More
Metallis Resources Inc (TSXV:MTS) ("Metallis" or the "Company") is pleased to announce the launch of its Phase 1 2018 exploration program at its 100% owned Kirkham Property, prospective for multiple deposit types in the heart of Northwest British Columbia's prolific Eskay Camp.Read full newsRead More
BUENOS AIRES (Reuters) - Argentina could revise the fiscal targets set as part of a $50 billion financing arrangement with the International Monetary Fund to increase spending on social programs, an IMF director said on Friday.Argentina requested IMF assistance on May 8 after a run on its peso currency in an investor exodus from emerging markets. The country’s stocks rallied on the deal to p...Read More
(Reuters) - Apple Inc (AAPL.O) expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily Nikkei reported on Friday, citing industry sources.The California-based firm has asked suppliers to make about 20 percent fewer components for the three new iPhones it plans to launch in the second half of 2018, compare...Read More
(Reuters) - U.S. stock indexes edged higher on Friday as investors placed bets ahead of a busy week of central bank meetings and some traders cited a shift out of emerging markets most exposed to higher oil prices and global trade tensions.Major indexes fell sharply earlier in the day, as shares of Apple Inc (AAPL.O) and its suppliers were down following a report that the iPhone maker was planning...Read More
(Reuters) - U.S. stock indexes edged higher on Friday as investors placed bets ahead of a busy week of central bank meetings and some traders cited a shift out of emerging markets most exposed to higher oil prices and global trade tensions.Major indexes fell sharply earlier in the day, as shares of Apple Inc (AAPL.O) and its suppliers were down following a report that the iPhone maker was planning...Read More
(Kitco News) - Silver is likely to reach $18.50 an ounce in third quarter of 2018, and maybe even hit 2016 highs of $21.50 an ounce by the four quarter, based on a combination of technical, sentiment, seasonal, and fundamental factors. The white metal is undervalued at current price levels and is expected to become one of the best performing assets, making it an ideal contrarian investment, accord...Read More
A newly FDA-approved ultrasound device has shares of EDAP surgingStocks have managed to move higher, despite the ongoing tension between world leaders. Some stocks making notable moves today are drink producer Monster Beverage Corp (NASDAQ:MNST), medical technology concern Edap Tms SA (NASDAQ:EDAP), and semiconductor name Skyworks Solutions Inc (NASDAQ:SWKS). Below, we will take a closer look at...Read More
LA MALBAIE, Quebec (Reuters) - Leaders from the Group of Seven countries are highly unlikely to issue a final communique when a two-day summit in Canada ends on Saturday because of a lack of consensus among the group, who are deeply divided over trade issues.Several G7 officials told Reuters that a communique - which must be agreed by the leaders of Canada, Britain, the United States, Germany, Fra...Read More
OTTAWA (Reuters) - Higher borrowing costs and tighter mortgage rules in Canada are seen dampening the country’s home price growth more than previously anticipated this year and next, including in the once-hot markets of Toronto and Vancouver, a Reuters poll found.Still, after three interest rate increases since last July and at least one more expected this year, most analysts said they were...Read More
Investors will now turn their attention to the meeting with North Korea and the FedU.S. stocks powered higher this week, despite lingering uncertainty around global trade. The tech sector got the ball rolling early in the week, as FAANG stocks such as Apple (AAPL) and Netflix (NFLX) rallied to all-time highs, a big reason the Nasdaq Composite (IXIC) rattled off three straight record closes. When t...Read More
What's the best way to deal with a teacher who comes into your school and starts threatening all the other teachers? Well if you're Liberal party leader, and Canada's Prime Minister, Justin Trudeau, the answer is to lecture the bullying teacher about how his approach isn't the way to get along with all the other teachers. If you're the bully, you're not going to listen to that, and instead, will r...Read More