The inverted yield curve is a popular predictor of recessionsThe yield curve is created by plotting the yields on U.S. Treasuries at various maturities. It's getting a lot of press lately because the five-year rate has overtaken the two-year rate. It's expected that the 10-year rate will soon surpass the two-year rate, meaning an inversion between the more popular 2-year/10-year yield spread. An i...Read More
* GRAPHIC-2018 asset returns: (Adds closing prices)By Maytaal AngelLONDON, Dec 12 (Reuters) - Copper slipped on Wednesday asinvestors shrugged off upbeat comments from U.S. PresidentDonald Trump about a potential trade deal with China, while thedollar hovered near a one-month peak against its peers.Trump said he would intervene in the Justice Department'scase against a top executive at China's Hua...Read More
Amarillo Gold Corporation (TSX.V: AGC) has received approval from the Brazilian Mining National Agency for a three-year extension of its mining concessions for the Posse gold deposit, also known as the Mara Rosa gold project.According to Amarillo, the agreement allows for the continued delay of mining activities, thereby preserving the mining status of the concessions and providing enough time for...Read More
A move above a resistance level.A bullish pattern since August but falling interest.Defying the December curse.The Fed could ignite a rally.UGLD for maximum impact on the upside.The gold market faded into the background over the past months as the price of the yellow metal broke down over the summer months and declined to its lowest level since early 2017. The strong dollar weighed on the price of...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is working on expanding its footprint in Burkina Faso, West Africa, where it already operates its Essakane mine, in production since 2010.From the drilling carried out this year around the mine, particularly the Gossey satellite deposit, located 15 km north, IAMGOLD has concluded the prospect holds combined, indicated and inferred resources amounting...Read More
* FTSE 100 up 1.1 pct; FTSE 250 up 1.9 pct * Market sees PM May defeating leadership challenge * Brexit-sensitive housebuilders rise* Trump's conciliatory trade talk boosts markets * Superdry sinks 38 pct on profit warning (Updates prices, adds details, graphic)By Josephine Mason and Helen ReidLONDON, Dec 12 (Reuters) - British stocks rose on Wednesdayas investors welcomed conciliatory talk from U...Read More
* May wins no-confidence vote by 200 to 117 votes * Sterling still near 20-month lows * Traders say little has changed, pound still under pressure * Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Recasts with results, adds new quotes, updates prices)By Tommy WilkesLONDON, Dec 12 (Reuters) - Sterling retreated from earlierhighs on Wednesday after Prime Minister...Read More
Wayne ColePublished 20 Hours AgoReuters politics@* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Trump says trade talks ongoing with China, could act on Huawei* Asia markets push higher, Europe stocks seen starting firmer* Pound hits 20-mth low as British PM risks party challenge* Oil prices bounce after big draw in stockpilesSYDNEY, Dec 12 (Reuters) - Asian stock markets rallied on Wednesday a...Read More
Published 21 Hours AgoUpdated6 Hours AgoReuters Leonhard Foeger | ReutersGold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.Gold prices edged higher on Wednesday as the dollar slipped and expectations of U.S. interest rate hikes next year dimmed, brightening the appeal of non-interest yielding bullion.Spot gold was up 0.12 percent at $1,244.34 per ounce as of 2:07 p.m...Read More
Canada's Harte Gold (TSX: HRT) said Wednesday it expects to begin commercial production at its Sugar Zone operation before year-end.Since landing commercial production permits from the Ontario government in September, it has been running full tilt - it poured its first gold bar in October, held the mine's official opening later that same month, and conducted its first production blast in November...Read More
Canada's Harte Gold (TSX: HRT) said Wednesday it expects to begin commercial production at its Sugar Zone operation before year-end.Since landing commercial production permits from the Ontario government in September, it has been running full tilt - it poured its first gold bar in October, held the mine's official opening later that same month, and conducted its first production blast in November...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell after Donald Trump and top Democratic leaders clashed over border security.Stitch Fix Inc. (SFIX) tumbled 20.9% on Tuesday after its client growth disappointed Wall Street.DSW Inc. (DSW) jumped 8% after the shoe retailer posted fiscal third-quarter earnings that topped forecasts and the company l...Read More
The Tuesday Market Minute Global stocks rally higher as investors react cautiously to news of progress in U.S.-China trade talks but remain unsettled by political uncertainty in Europe.China's chief trade negotiator spoke with Treasury Secretary Steve Mnuchin and Trade Representative Robert Lighthizer to set out a "roadmap" for talks despite the political overhang of the Huawei CFO arrestHu...Read More
Bob Moriarty ArchivesDec 12, 2018White Gold has been on a tear this year. Going from a low of $.54 in early September, the shares hit a high of $2 a month later before starting a correction into December. The run began afterI wrote a piece in mid-September. Actually the company hadreleased brilliant results a week earlierthat the market totally ignored as it so often does. They followed up withmor...Read More
CloseGain/LossGold $1245.90+$2.90Silver$14.74+$0.19XAU68.64+2.31%HUI156.76+2.58%GDM567.53+1.60%JSE Gold1273.45+30.72USD97.02-0.40Euro113.66+0.44Yen88.34+0.12Oil$51.15-$0.5010-Year2.914%+0.035T-Bond143.21875-0.59375Dow24527.27+0.64%Nasdaq7098.31+0.95%S&P2651.07+0.54% The Metals: Gold chopped up to $1247.10 at about 1PM EST before it fell back off into midafternoon, but it...Read More
Source: Michael J. Ballanger for Streetwise Reports 12/11/2018 Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market. -->Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?"Gold is the money of kings. Silv...Read More
As a general rule, the most successful man in life is the man who has the best information Who controls the US economy? The "power of the purse" resides within the US Congress and the powers to set fiscal and monetary policy are delegated to the US Central Bank, otherwise known as the Federal Reserve. While the success of US Presidents often depends on how well the economy does during their t...Read More
By Hubert Moolman Previously, I have shown how we could be close to major financial crisis with the monetary system at the center. The following chart that shows the ratio of gold to the monetary base was used: The chart shows the ratio of the gold price to the St. Louis Adjusted Monetary Base back to 1918. That is the gold price in US dollars divided by the St. Louis Adjusted Monetary Base...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More