Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort305,81291,12864,523161,458396,010531,793551,661Change from Prior Reporting Period 3,949976-8,6473,2565,301-1,442-2,370Traders18096874657269202 Small Speculators LongShortOpen Interest 50,62830,760582,421 1,5302,45888 non reportable positionsChange from the previous reporting peri...Read More
- Davos elite hear warnings of complacency akin to 2007 as economic risks grow- Toxic mix of infallible belief, arrogance, megalomania and economic ignorance- Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions- Soros: Trump creating 'mafia state' & 'set on a course towards nuclear war' with N Korea- Bond bear market, rising interest rates and massi...Read More
(Adds background, details)WASHINGTON, Jan 26 (Reuters) - In a surprise move, the U.S. Environmental Protection Agency reversed itself on Friday and halted the approval process for the proposed Pebble Mine copper and gold mine project in southwest Alaska's Bristol Bay region."It is my judgment at this time that any mining projects in the region likely pose a risk to the abundant natural resou...Read More
Gold and silver both made gains this week, while copper continued downward. Oil maintained its climb toward $70 per barrel.Read full newsRead More
Jan 27 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 29-JanItaly Bills auction30-JanJapan Auction of 2-year government bonds30-JanItaly Medium- to Long-Term auction30-JanBelgium Auction of Treasury bills31-JanSwedenAuction of Treasury bills31-JanGermany Auction of 5-year Federal notes31-J...Read More
By Huw JonesLONDON, Jan 27 (Reuters) - Britain could make it a requirement for regulators to help London remain a top global financial centre after Brexit, lawmakers said on Saturday in a report pitting parliament against the Bank of England.The United Kingdom's departure from the European Union in March next year has raised concerns among policymakers about the country's ability to remain a leadi...Read More
Jan 27 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- TUESDAY, JANUARY 30 ** SAO PAULO - Speakers at the Cr...Read More
Jan 27 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- MONDAY, JANUARY 29 ** BRUSSELS - Speech by executive board member and chief economist of the Eu...Read More
David Erfle of JuniorMinerJunky shares his stock picks, advice for investors and predictions for the gold price in this video interview.Read full newsRead More
Production at the Queensland-based operation was halted in 2015 because of falling zinc prices. Since then, prices for the metal have more than doubled.Read full newsRead More
Prices of cobalt metal have climbed to their highest since July 2008 as worries about shortages were reinforced by output disruptions at the Ambatovy mine in Madagascar this month, European traders said.Read full newsRead More
According to BofA, investor cash allocation has just dropped to a record low of just 10%, while investor equity exposure is rising at the fastest pace in 10 years as the euphoric buying euphoria forces everyone to go all in.Read full newsRead More
Over the last five years the (negative) correlation between USDJPY and Gold has risen and risen to its highest on record - as USDJPY rises, gold sinks and vice versa... so why did today's Kuroda-driven crash in USDJPY not spark a precious metal bid?Read full newsRead More
(Updates prices, adds details on Mexico)By Bruno FederowskiBRASILIA, Jan 26 (Reuters) - Brazilian markets extended a rally on Friday as traders bet leftist former President Luiz In??cio Lula da Silva would be barred from running in this year's election after an appeals court upheld his conviction for corruption.The Brazilian real closed up 0.6 percent, a gain of 1.91 percent during the week. The b...Read More
* MSCI world stocks index rises for 10th week* Dollar buckles again* S&P 500 posts biggest daily pct gain since March 1 (Updates with closing U.S. market levels)By Caroline ValetkevitchNEW YORK, Jan 26 (Reuters) - Strong earnings from Intel and other companies drove Wall Street indexes to record closing highs on Friday, while the U.S. dollar remained weak after recent comments by the U.S. Trea...Read More
RIO DE JANEIRO, Jan 26 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA said on Friday it sold $2 billion in notes due in 2029 with a coupon of 5.75 percent a year from its subsidiary Petrobras Global Finance BV.The company said investor income will be 5.95 percent per year, with payments starting Aug. 1, 2018. It cited the issue price of 98.402 percent of the principal amount.Pe...Read More
FTSE 100 holding good gainsUS Q4 GDP misses forecasts UK growth stats beat estimatesBarclays and Lloyds up after Deutsche noteThe FTSE 100 closed adjacent to its intra-day high with a dozen of its constituents notching up gains in excess of two per cent.The FTSE 100 closed at 7,666, up 50 points, despite sterling rising once more against the dollar, which is regarded as bad news for the...Read More
COPENHAGEN, DENMARK:FLSmidth and Goldcorp are the joint winners of the Mining Magazine Editor's Award 2017 for developing EcoTailsTM, a new mining system that improves tailings and waste rock disposal while recovering as much as 95% of the tailings waterFLSmidth and Goldcorp, one of the world's largest gold mining companies, have been named joint winners of Mining Magazine's annual Editor's Award...Read More
(Adds comment, details, table, byline)By Gertrude Chavez-DreyfussNEW YORK, Jan 26 (Reuters) - Speculators' net short dollar bets rose in the latest week to their largest amount since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of International Monetary Market...Read More
Traders and investors that follow gold and the US dollar were participants in a virtual roller coaster ride this week as conflicting versions of the current administration's policy on the US dollar surfaced. Statements made by Stephen Mnuchin the Treasury Secretary on Wednesday sent gold prices sharply higher, and the US dollar index sharply lower. The dollar index lost roughly 1% in value, and go...Read More