Gold and ETFs like the GLD tend to rise in value when the market falls but the relationship is weak.Gold mining stocks and ETFs like GDX are positively correlated to the stock market and make a terrible hedge against market weakness.Real interest rates as measured by the yield on 5-Year TIPS have much stronger correlation to gold than the S&P 500.Investors should buy GLD and GDX in the later s...Read More

By Saqib Iqbal AhmedNEW YORK, Feb 15 (Reuters) - U.S. stocks may have recovered only about half the ground lost in the recent selloff, but traders in the derivatives market are fast dialing down their fears of more ructions.The CBOE Volatility Index , the most widely followed barometer of expected near-term volatility in the S&P 500 , while not quite back to where it was before last week's slu...Read More

CAIRO, Feb 15 (Reuters) - Egypt's central bank cut its key interest rates by 100 basis points on Thursday, it said in a statement.The statement said the bank cut its overnight deposit rate to 17.75 percent from 18.75 percent and its overnight lending rate to 18.75 from 19.75 percent.(Reporting by Arwa Gaballa; editing by Sami Aboudi) Disclaimer: The views expressed in this article are those of th...Read More

Kerim Sener, managing director at Ariana Resources plc (LON:AAU), tells Proactive's Andrew Scott a team's now on site at their Salinbas project and are commencing a programme of work there which includes re-logging of around 30 drill holes which will feed into a revision of the ore body model.''That will then form our exploration plan going forward - we're also planning for drilling at Salinbas la...Read More

Feb 16 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,909.00 67.80 NZX 50**8,063.33 4.530DJIA25,046.52153.03NIKKEI**21,464.98310.81Nasdaq7,223.46379.85 FTSE**7,234.81 20.84S&P 500 2,717.37 18.74 Hang Seng** 31,115.43599.83SPI 200 Fut 5,878.00 16.00 STI** 3,443.51 40.65SSEC**3,199.1589014.20020KOSPI** 2,421.83 26.64-----------------------------------------------------...Read More

NEW YORK, Feb 15 (Reuters) - The U.S. Treasury Department on Thursday sold $7 billion of 30-year Treasury Inflation-Protected Securities at a yield of 1.003 percent, the highest at an auction of this maturity in two years, Treasury data showed.The ratio of bids to the amount of 30-year TIPS offered was 2.31, the lowest reading in a year. This measure of overall auction demand was 2.64 at the prior...Read More

The health of the high street will be the main focus on Friday, with official UK retail sales data due for release at the end of a week that saw UK inflation remain stubbornly higher.On Tuesday, the Office for National Statistics reported that the consumer price index in January remained at 3.0%, stalling at December's level after a slip back from 3.1% in November.But with inflation expected to fa...Read More

Feb 15 (Reuters) - The Japanese government is considering nominating economist Masazumi Wakatabe as one of the deputy governors at the Bank of Japan, Nikkei reported on Thursday, citing sources.Wakatabe, a professor at Waseda University and an advocate of bolder monetary easing, would fill one of the two deputy governor seats that will fall vacant next month, Nikkei reported. The potential choice...Read More

David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), updates Proactive's Andrew Scott on their planned work programmes for 2018."High impact" drilling is slated for the Biscathorpe and Holmwood projects and they're also expecting a new planning application to be made for the stalled Wressle oil field development project. The new documents are due to be submitted to the authorities i...Read More

Mr. Marc Prefontaine reports ORLA ANNOUNCES CLOSING OF BOUGHT DEAL FINANCINGOrla Mining Ltd. has closed its previously announced bought deal financing, including the exercise in full of the underwriters' overallotment option. A total of 17.58 million units of Orla were sold at a price of $1.75 per unit, for aggregate gross proceeds of $30.76-million. Each unit consists of one common share of Orla...Read More

Mr. Marc Prefontaine reports ORLA ANNOUNCES CLOSING OF BOUGHT DEAL FINANCINGOrla Mining Ltd. has closed its previously announced bought deal financing, including the exercise in full of the underwriters' overallotment option. A total of 17.58 million units of Orla were sold at a price of $1.75 per unit, for aggregate gross proceeds of $30.76-million. Each unit consists of one common share of Orla...Read More

Cliff Holloway, chief executive of Scancell Holdings Plc (LON:SCLP), spoke to Proactive soon after taking over as CEO at the immuno-oncology company.Holloway says generating clinical data's a big focus for them in the near-term.''Over the next two years we expect to see clinical readouts from two of our programmes - SCIB1 and Modi-1''.''We'll be extending our pipeline particularly around Moditope...Read More

(Corrects to 250,000 bpd from 200,000 bpd)CARACAS, Feb 15 (Reuters) - Venezuela's president, Nicolas Maduro, said on Thursday the country's oil output was up 250,000 barrels per day at the beginning of 2018.The socialist leader, who is up for re-election in April, also said that a process of bond renegotiation and restructuring was "impeccable."Venezuela is undergoing an economic crisis...Read More

* Zinc hits highest since 2007, nickel a near 3-year high* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Releads, updates with closing prices)By Jan HarveyLONDON, Feb 15 (Reuters) - Copper rose on Thursday as the dollar fell and concerns over inflation prompted a move into hard assets, sparking an early rally across base metals that also saw zinc hit its highest in more than a decade and nickel a n...Read More

Gold skyrocketed yesterday after the US dollar came under massive selling interest. The precious metal broke three resistance (now turned into support) barrier in a row, before eventually stopping at the 1357 hurdle, marked by the peak of the 26th of January. Then, it retreated somewhat. The price is trading above the prior downside resistance line taken from the high of the 25th of January and th...Read More

(Adds detail on sectors)BOGOTA, Feb 15 (Reuters) - Colombia's economy expanded more than the market expected in 2017 compared with the previous year, even as growth remains tepid in Latin America's fourth largest economy, the government said on Thursday. Gross domestic product rose 1.8 percent last year - the lowest in eight years - versus 2 percent during 2016, the government's DANE statistics a...Read More

(Adds industrial production data, analyst comments, updates markets)* Producer price index increases 0.4 percent in January* PPI excluding food, energy, trade rises 0.4 percent* Weekly jobless claims increase 7,000 to 230,000* Industrial production falls 0.1 percent in January By Lucia MutikaniWASHINGTON, Feb 15 (Reuters) - U.S. producer prices accelerated in January, boosted by strong gains in...Read More

MUNICH/FRANKFURT, Feb 15 (Reuters) - Major shareholders in online classified-ads firm Scout24 are selling about 340 million euros ($424 million) worth of stock, bookrunner JP Morgan said on Thursday, accounting for 8.6 percent of the group's total stock.As part of the sale of about 9.25 million shares, U.S. investor Hellman & Friedman would fully exit the company after having listed it about t...Read More

(Kitco News)- Ray Dalio has waded deeper into the gold market as his hedgefund, Bridgewater Associates, increased its position in two of the world’slargest gold-backed exchange traded funds in the fourth quarter, according tofiling with the Securities and Exchange Commission.The filings show that the Hedge fund, which manages about$150 billion in global assets, increased its holdings in SPRD...Read More

(Kitco News) - Don’t expect a strong U.S. dollar this year, said Capital Economics, adding that a reversal in greenback’s expectations will work in favor of higher gold prices.“We have recently decided to abandon our forecast of a stronger dollar this year,” Simona Gambarini, commodities economist at Capital Economics, said in a note published on Thursday. “We now exp...Read More