Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold rebounded to a near 5-month peak on Thursday as the dollar declined amid expectations of a slowdown in the pace of U.S. rate hikes, with investors seeking refuge from a sell-off in global stocks.Spot gold rose 0.11 percent to $1,238.82 per ounce, having reached $1,244.32 per ounce, its highest since July 17. U.S. gold futures were 0...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold rebounded to a near 5-month peak on Thursday as the dollar declined amid expectations of a slowdown in the pace of U.S. rate hikes, with investors seeking refuge from a sell-off in global stocks.Spot gold rose 0.11 percent to $1,238.82 per ounce, having reached $1,244.32 per ounce, its highest since July 17. U.S. gold futures were 0...Read More
Happy hump day. The markets were closed today for a national day of mourning after former President George H.W. Bush passed away last Friday. However, that doesn't mean that Wall Street took a break. Here are some of the top stories from Wednesday, Dec. 5. No Longer the Apple of My Eye TheStreet's Annie Gaus breaks down Apple's recent (AAPL) volatility. Gaus re...Read More
Larry LaBordePosted Dec 5, 2018To every thing there is a season, and a time to every purpose under the heaven. Ecclesiastes 3:1Last month Bill Bonner wrote an interesting article about trading the Dow/gold ratio.He recommended selling the Dow and buying gold when the ratio was above 15 (the Dow is too high compared to gold) and selling gold and buying the Dow when the ration was below 5 (the Dow i...Read More
European government bond yields fell to multi-month lows Wednesday, following yesterday's moves in U.S. Treasuries that have ignited concerns over the prospect of recession in the world's largest economy, as investors continue to pull away from risk markets and test the Federal Reserve's resolve on future interest rate hikes. Benchmark 10-year German bund yields, a proxy for risk-free borrowing...Read More
The Wednesday Market Minute Global stocks slide following last night's sharp selloff on Wall Street amid increasing question over the fate of U.S. China trade talks.Bond markets steady after flashing recession signals Tuesday, with the spread between 2-year and 10-year yields rising to 10.5 basis points.Global oil prices drift lower after a stronger-than-expected buildup in U.S. crude supp...Read More
Investing.com - Gold prices slipped on Wednesday in Asia as the dollar rebounded following a plunge on Wall Street overnight.Gold futures for February delivery on the?EUR?Comex?EUR?division of the New York Mercantile?EUR?Exchange traded 0.5% lower at?EUR?$1,240.20?EUR?a troy ounce by?EUR?1:24 AM ET (05:24 GMT).?EUR?The U.S. dollar index that tracks the greenback against a basket of other currencie...Read More
CloseGain/LossGold $1238.30+$0.10Silver$14.48-$0.04XAU66.35+0.28%HUI150.05+0.46%GDM547.61+0.20%JSE Gold1201.22+52.17USD96.74-0.26Euro113.86+0.46Yen88.79+0.05Oil$51.49-$1.4010-Year2.887%-0.025T-Bond143.5625-0.21875Dow24947.67-0.32%Nasdaq7188.26+0.42%S&P2695.95-0.15% The Metals: Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asi...Read More
By Stefan GleasonThis week, a white metal reached a rare feat. Palladium has traded at a higher cost per ounce than gold.Last month, the palladium market pushed through all remaining technical barriers by posting a new all-time high. A chronic supply deficit now threatens to launch palladium prices into a super spike.Palladium Reaches Gold Price, Makes All-Time HighA true shortage of physical me...Read More
By Dave KranzlerIf the "risk on/risk off" stock market meme was absurd, its derivative - the "trade war on/trade war off" meme - is idiotic. Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump, Larry Kudlow or China, which are suggestive of the degree to which Trump and China are willing to negotiate a trade war settlement.Please d...Read More
Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark? I Am the Fed Chair and I Know Nothing On November 14th, Powell discussed global perspectives in Dallas Fed with its President, Robert Kaplan. He characterized the Fed's stance, providing an interesting analogy: A non-economic example [of the approach adopted by the Fed] would b...Read More
Jordan Roy-Byrne, Founder of The Daily Gold shares his thoughts on the set up in silver. He outlines what a double bottom looks like while considering the silver chart. We also discuss the general shift towards safe haven assets and the remaining strength in the USD.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and edi...Read More
The price of palladium just exceeded the price of gold for the first time in 16 years. That's an epic even. But what does it really mean? And why should gold, silver, and mining stock investors care about the small palladium market? In short, because this development can tell us something about the future performance of the PM sector in general. The last time the gold to palladium ratio was...Read More
December 6, 2018,Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE)(OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce the execution of a definitive US$20,000,000 silver streaming agreement (the "Stream" or "Streaming Agreement") with Maverix Metals Inc. ("Maverix") and a concurrent fully funded private placement (the "Private Placement") for gross proce...Read More
- What are "Fake Markets" and will they lead to another global financial crisis? - What do fake markets mean for stock and bond market performance in the future? - Is this the right time to re-balance portfolios and hold more cash and gold?In episode 9 of the Goldnomics Podcast, Stephen Flood GoldCore CEO talks to Francesco Filia CEO of Fasanara Capital and regular contributor to CNBC about his...Read More
By Steve St. AngeloThe big question on the minds of most investors is what will happen to the markets and precious metals in 2019. Well, the answer depends mainly on two factors, the oil price and overall weakness in the economy. If the oil price continues to decline, it will indicate a deflationary outcome for the economy and markets.While this sounds counter to the notion that falling oil...Read More
By Avi GilburtRecently, one of my members was in attendance at the 32nd Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago. On the first day, he sat in a room with 150 economists. When asked how many see a recession in 2019, all of two hands went up.So, let me ask you a question: When was the last time the majority of economists correctly called for a recession? (I think...Read More
TOPICS IN THIS INTERVIEW:01:05 Breakdown in the global system03:50 Is Trump still claiming ownership of the economy?13:05 What happens if Trump breaks the Trans-Atlantic stranglehold?15:55 The 2020 elections, what can we expect19:05 Where to find more from Harley SchlangerHarley Schlanger's work can be found at LaRouchePAC.com.Read More
Lots and lots of US economic data releases are there today and till 14th December. Most traders believe that the trend of metals and the US dollar Index will be set after the release of US nonfarm payrolls tomorrow. I do not think so. Next week also there can be trend changing US economic data releases like retail sales and GDP numbers. Physical demand of silver is there in India and Asia. But q...Read More