Recent News

RT @tbiesheuvel: Interesting piece. With tech moving so fast, everyone wants to lease, not buy, EVs

January 03, 2018 / www.bloomberg.com

Almost 80 percent of battery-powered vehicles in the U.S. are leased, not owned.Read full newsRead More

Taiwan ship owner bailed over oil smuggling to North Korea | Taiwan News

January 03, 2018 / www.taiwannews.com.tw

Kaohsiung oil trader chartered tanker.A Kaohsiung oil trader was freed on bail Wednesday for forgery in the chartering of a tanker smuggling oil to North Korea.Read full newsRead More

#China Central Bank Prepares To Regulate #Bitcoin Mining | Zero Hedge

January 03, 2018 / www.zerohedge.com

China's PBOC called for rectifying irregularities in electricity use of some bitcoin mining fields, and during a closed-door meeting, discussed limiting the power use of bitcoin mining.Read full newsRead More

RT @fintechfrank: The global cryptocurrency market hit a new record high above $700 billion

January 03, 2018 / www.businessinsider.com

Like the value of individual cryptocurrencies, the total market cap of the crypto market has spiked higher in recent months.Read full newsRead More

Gold recovers early lost ground, back closer to 3-1/2-month highs

January 03, 2018 / www.fxstreet.com

   •  Goodish USD rebound prompts some early profit-taking.   •  Fading safe-haven demand adds to the downward pressure.   •  Sliding US bond yields lend immediate support ahead of FOMC minutes. Gold retreated after hitting a 3-1/2 month high and dropped to an intraday low near $1312, albeit has managed to recover majority of its lost gro...Read More

Strength or "strength" in the miners?

January 03, 2018 / www.mining.com

Gold moved visibly higher during the first session of the year and this time mining stocks accompanied it. In fact, it seems that they are back on the track after a short pause. What's the likely reason behind this year's rally and what does it imply going forward?Let's jump right into the mining stock charts (chart courtesy of http://stockcharts.com).Gold stocks indeed broke above the rising supp...Read More

Stock Market Tailwinds Persist as Dow, S&P, Nasdaq Roar to Record Highs

January 03, 2018 / www.schaeffersresearch.com

The U.S. stock market is pushing further into record-high territory today, despite some alarming tweets overnight from President Donald Trump. The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) have each touched all-time peaks, with the healthcare and tech sectors leading the charge once again. Plus, the Institute for Supply Management's (ISM) manufacturing i...Read More

RT @ElitexCorp: Oil could hit $80 per barrel by the end of 2018, says portfolio manager - CNBC

January 03, 2018 / dlvr.it

Natixis: Restrained production and the need to maintain stability ahead of Saudi Aramco's IPO will support prices.Read full newsRead More

RT @ElitexCorp: Crude at 31-month high, oil marketing companies likely to be under pressure - Livemint

January 03, 2018 / dlvr.it

Most OMC stocks, including IOC and HPCL, have under-performed BSE Oil & Gas index, in the three months ending DecemberRead full newsRead More

RT @tbiesheuvel: Palladium prices are going nuts

January 03, 2018 / www.bloomberg.com

There's no stopping the palladium rally.Read full newsRead More

RT @zerohedge: Oil-Rich Venezuela Is Out Of Gasoline

January 03, 2018 / www.zerohedge.com

"Gentlemen: There is no more gasoline in Venezuela. In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils...Read full newsRead More

CORRECTED-Average yields rise on Egypt's 6-month, one-year T-bills -c.bank

January 03, 2018 / www.kitco.com

(Changes "last year" to "2016" in third paragraph)CAIRO, Jan 3 (Reuters) - Average yields on Egypt's six-month and one-year treasury bills rose at an auction on Wednesday, data from the central bank showed.The yield on the 182-day bill rose to 19.140 percent from 18.990 percent at the last similar auction, and the yield on the 364-day bill rose to 18.186 percent from 17.689 pe...Read More

AMD Option Bulls Pay Steep Premiums as Stock Pops

January 03, 2018 / www.schaeffersresearch.com

Chip stocks are hot today, with rivals of sector behemoth Intel (NASDAQ:INTC) catching a big boost from reports of a design flaw in Intel microprocessors produced over the last decade that compromises security. While INTC is down more than 3.7% -- and the biggest decliner on the Dow today -- primary rival Advanced Micro Devices, Inc. (NASDAQ:AMD) is soaring.AMD stock is up 7.2% at $11.77, and on t...Read More

Atlanta Fed Raises U.S. Fourth Quarter Growth View To 3.2 Percent

January 03, 2018 / www.kitco.com

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 3.2 percent annualized rate in the fourth quarter after data showed construction spending reached a record high in November and stronger-than-forecast December figures on factory activity, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.The latest estimate for fourth-quarter gross domestic product growth w...Read More

Gold ETF starts 2018 with record winning streak as dollar falls

January 03, 2018 / www.mining.com

(Bloomberg) - Call it a new golden age.The SPDR Gold Shares ETF (ticker GLD) kicked off 2018 with an advance of 1.2 percent on Jan. 2, extending its streak of gains to 11, a record. It retreated slightly at the start of regular trading on Jan. 3, but is still up for the year.This "stealth rally in gold" has been enabled by the battered U.S. dollar, says Bespoke Investment Group. The Bloomberg Dol...Read More

Gold Next Stop 1350? - RJO Futures Weekly Gold Outlook

January 03, 2018 / www.kitco.com

Weekly Gold Focus - Gold futures will continue to keep an eye on the weakening Dollar Index that isstarting off 2018 at a 3-month low despite three more interest rate hikesexpected throughout the year. Rising Geopolitical risks with North Korea andIran has helped set the stage for the safe-haven trade to back in the cards.The top two events to keep an eye out for with a fairly busy economic schedu...Read More

Germans invest heavily in gold in 2017, Deutsche Boerse says

January 03, 2018 / www.mining.com

FRANKFURT, Jan 3 (Reuters) - Germans are investing heavily in gold, Deutsche Boerse said on Wednesday, with holdings of a gold-backed security it offers rising almost 50 percent in 2017.Gold is seen as a safe haven for investors during times of uncertainty. Spot gold prices gained about 14 percent during 2017.Deutsche Boerse said its Xetra-Gold notes, which are backed by physical gold, rose in dem...Read More

Low Expectations Could Create Tailwinds for Outperforming Eaton Stock

January 03, 2018 / www.schaeffersresearch.com

Power management provider Eaton Corporation (NYSE:ETN) recently announced that it expects to incur a one-time expense between $90 and $110 million as a result of the new tax bill. The guidance was well-received, with ETN stock gapping higher on Friday. From a longer-term perspective, the shares surged an impressive 17.7% in 2017, and their recent low near $75 represents five times the 2009 low. Wh...Read More

Canada Starts Legal Challenge Of 'Troubling' U.S. Lumber Duties

January 03, 2018 / www.kitco.com

WINNIPEG, Manitoba (Reuters) - Ottawa has launched legal challenges of U.S. duties on imports of certain Canadian softwood lumber products, Canadian Foreign Affairs Minister Chrystia Freeland said on Wednesday.The duties are “unfair, unwarranted and troubling,” harm Canadian lumber producers and raise U.S. home-building costs, Freeland said in a statement.Reporting by Rod Nickel in Win...Read More

4 Stocks Staging Big Gaps on Merger News

January 03, 2018 / www.schaeffersresearch.com

Shares of MoneyGram International, Inc. (NASDAQ:MGI) gapped lower out of the gate this morning, down 9.3% at $12.07, after a U.S. government panel blocked the company's sale to China's Ant Financial. The $1.2 billion deal was scuttled by the Committee on Foreign Investment in the United States (CFIUS), reportedly over national security concerns -- though the committee declined to comment on the ru...Read More

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