The big story for investors in 2017 was the broad-based rally in stocks. Simply by owning equities of any shape or size, you likely made out very nicely. Domestic large-cap stocks were up about 20% as measured by the S&P 500 SPX, +0.13% Other markets did even better, with broad global funds like the Vanguard Total International ETF VXUS, +0.09% up about 25% and the popular iShares FTSE/Xinhua...Read More
BARCELONA, Jan 7 (Reuters) - The European Central Bank should set a date to end its asset-buying programme, the head of Germany's Bundesbank, Jens Weidmann, told Spanish newspaper El Mundo.Tipped as a potential candidate to succeed ECB President Mario Draghi when his term expires at the end of October 2019, Weidmann is a vocal critic of the bank's quantitative easing programme."The prospects...Read More
BEIJING, Jan 7 (Reuters) - The China-backed Asian Infrastructure Investment Bank (AIIB) may issue its first U.S. dollar-denominated bond by the end of June this year, according to a state media report on Sunday citing the bank's treasurer Soren Elbech.The earliest issuance window will be "toward the end of the first half of 2018," to allow time for certain procedures, including the board...Read More
DUBAI, Jan 7 (Reuters) - Saudi Arabia's stock market rose in early trade on Sunday after King Salman announced a package of handouts for Saudi citizens to compensate them for the rising cost of living, while several blue chips boosted Qatar's market.The Saudi index gained 0.5 percent in the first hour as real estate developer Dar Al Arkan , the most heavily traded stock, added 2.4 percent. Among t...Read More
* China's FX reserves climb by $20 bln in December* Economists polled by Reuters expected reserves to rise by $6 bln* Eleventh month of gains, longest stretch since June 2014* Reserves rise $129.5 bln in 2017, first annual gain since 2014 (Updating to add forex regulator's comment in 7th para)BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose to their highest in more than a year in...Read More
Several big mining companies are bringing new projects online, while others will see production decline in the year ahead.Read full newsRead More
BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose to their highest in more than a year in December and grew at a faster-than-expected pace, as tight regulations and a strong yuan continued to discourage capital outflows, data showed on Sunday.Notching up their 11th straight month of gains, reserves rose $20.2 billion in December to $3.14 trillion, the highest since September 2016 a...Read More
BEIJING, Jan 7 (Reuters) - * China gold reserves were at 59.240 million fine troy ounces at end-Dec, unchanged vs end-Nov, the central bank said on Sunday. (Reporting by Josephine Mason) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, nei...Read More
According to Arab paper, former leader's comments against Rouhani government amid rallies have led authorities to seek to place him under house arrestRead full newsRead More
DUBAI, Jan 7 (Reuters) - A package of handouts from Saudi Arabia's King Salman may boost the Saudi stock market on Sunday while the region in general looks likely to be supported by a positive global trend.King Salman on Saturday ordered extra monthly payments to state employees and pensioners this year as part of a package to compensate citizens for the rising cost of living after the government...Read More
President Donald Trump's Dec. 4 proclamations that reduced the sizes of protected areas within Grand Staircase-Escalante and Bears Ears national monuments in southern Utah will likely be followed by similar scale-downs in as many as eight other national monuments in 2018.Read full newsRead More
Gold continued to gain ground in 2017, picking up about 12% and extending its streak of winning performances. Yet many investors weren't pleased at how the yellow metal didn't manageRead full newsRead More
Antioquia Gold Inc (TSXV:AGD), a CADCA$16.87M small-cap, is a metals and mining operating in an industry which supplies materials for construction. This means it is highly sensitive to changes inRead More...Read full newsRead More
DUBLIN, Jan. 5, 2018 /PRNewswire/ -- TheRead full newsRead More
This is the year to invest in gold mining stocks, thanks to the start of a major gold bull market. Here's why, plus the one gold miner to own...Read full newsRead More
Several big mining companies are bringing new projects online, while others will see production decline in the year ahead.Read full newsRead More
By Ed Steer06 January 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price spent all of Far East trading and most of London trading drifting quietly lower. There was a jump up at on the jobs report at 8:30 a.m. in New York, but that was dealt with in the usual manner. It got sold lower from there -- and the low tick of the day, such was it was, came minutes after 9...Read More
By Steve St. AngeloThe U.S. gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was 212 metric tons versus an estimated 150 metric tons this year. The majority of the decline in U.S. gold demand is from the physical bar and coin sec...Read More
By John MauldinHunt: Chaotic SystemGavekal TrifectaKotok: A Permanent Shift UpwardKrugman: Return to NormalcyRosenberg: Pretty Late in the GameWien: Speculation Reaches an ExtremeJet-Lagged in Hong Kong, Sarasota, and BostonGreetings from Hong Kong, where the locals are preparing to welcome the new year on February 16. While 2018 is the Year of the Dog on the traditional Chinese calendar, on the...Read More