(Updates closing price, adds quotes and details)SHANGHAI, Nov 13 (Reuters) - China's yuan closed slightlyfirmer on Tuesday as early support from major state-ownedChinese banks lifted the currency from near-decade lows, andsentiment improved after media reports fueled hopes for ade-escalation in the Sino-U.S. trade war.The onshore yuan ended domestic trade at 6.9531 per dollar at 4:30 pm (0830 GMT)...Read More
* Praet says Italy concerns are impacting markets * ECB cannot tailor measures to support individual countries * Politicains have been looking at ESM options (Adds ESM comment, background)By Marc JonesLONDON, Nov 13 (Reuters) - Euro zone policymakers havediscussed using the bloc's bailout fund to stem any contagionfrom Italy's debt woes to other euro zone countries, theEuropean Central Bank's chie...Read More
JOHANNESBURG, Nov 13 (Reuters) - South Africa's rand firmedagainst the dollar in early trade on Tuesday, in line with arise in stocks, as hopes of a de-escalation in the Sino-U.S.tariff war rose on reports that China's top trade negotiator waspreparing to visit the United States ahead of a meeting betweenthe leaders of two countries.* At 0645 GMT, the rand traded at 14.3850 perdollar,0.57 percent...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined sharply on Monday after finishing last week with a gain of 2.8%.Apple Inc. (AAPL) fell 5% on Monday after a key supplier issued a profit warning, increasing investor concerns that iPhone demand may be waning.Alibaba Group Holding Ltd. (BABA) generated a record $30.8 billion in sales...Read More
The Monday Market Minute Global stocks hold modest gains to start the week, but a notable spike in the U.S. dollar has investors on edge as the Fed assumes its place as the world's sole central bank hawk. Oil spikes higher after Saudi Oil minister says Kingdom will reduce December output by 500,000 barrels in order to rebalance markets following weekend meeting in Abu Dhabi. China grow...Read More
Gold fell to its lowest level in a month on Monday as the U.S. dollar rose to levels not seen for 16-monthsContinue...Read More
Investing.com - Gold prices were little changed on Monday as the dollar traded near 16-month highs and traders awaited U.S. inflation data due later this week.Meanwhile, Federal Reserve Chairman Jerome Powell’s speech on Wednesday would also be closely watched as he discusses national and global economic issues.The Fed indicated earlier this month that it is still on course to hike interest...Read More
Bob Moriarty ArchivesNov 13, 2018I am at the end of a four-day trip to see Novo Resources’ projects at Karratha and Egina. I am leaving for London in about 24 hours but won’t be home until Saturday night. As soon as I get home I will do a full report on what I have learned on this trip. As an interested shareholder or potential shareholder, you need to read what I have found out before...Read More
CloseGain/LossGold $1201.70+$0.20Silver$13.99-$0.02XAU61.84-1.30%HUI138.45-1.34%GDM513.82-1.10%JSE Gold1083.54-12.56USD97.19-0.40Euro112.89+0.68Yen87.86-0.11Oil$55.69-$4.2410-Year3.140%-0.044T-Bond138.625+0.15625Dow25286.49-0.40%Nasdaq7200.87UNCHS&P2722.18-0.15% The Metals: Gold saw decent gains in Asia before it dropped back to $1196.40 in London, but it then chopped bac...Read More
By Ira EpsteinTime for metals to stabilize?https://www.iraepstein.com/ Read More
Graceland Updates By Stewart Thomson 1. So far, the "traditional Thanksgiving rally" in the US stock market looks more like a rancid Thanksgiving turkey that belongs in the trash can.2. Please click here now. Many investors appear to have bought the US stock market when it was peaking mainly because of their enthusiasm for President Trump. They forgot about the business cycle an...Read More
By Michael J. KosaresLBMA consensus price prediction for 2019 -- $1532 per troy ounce At the recent London Bullion Market Association annual conference, the consensus opinion on the gold price for 2019 among 682 industry delegates was $1532 per ounce. The LBMA offers its opinion annually and it usually falls on the conservative side of the ledger. So its consensus opinion of an average price m...Read More
By Keith WeinerSo this happened: Republic Metals, a gold refiner, filed bankruptcy on November 2. The company had found a discrepancy in its inventory of around $90 million, while preparing its financial statements.We are not going to point the Finger of Blame at Republic or its management, as we do not know if this was honest error or theft. If it was theft, then we would not expect it to be a...Read More
People say that speech is silver, silence is golden. Well, not always. The recent FOMC monetary policy statement is the best example. Lets' read out today's article and find out why. Nothing Changes in November On Thursday, the FOMC published the monetary policy statement from its latest meeting that took place on November 7-8. In line with the expectations, the US central bank kept the federa...Read More
My Two CentsBy Andy Sutton / Graham Mehl In what has already been a very interesting week, we've witnessed distractions galore. Allegations of election fraud by pretty much everyone except the people who should be winning some of these elections if Americans truly wanted a different future. We already digress. Cognitive dissonance is fully on display. Just below the surface has been the buzz ab...Read More
Based the last few days' headlines you'd never know the world is in year 10 of a pretty good expansion. Check this out:Not terrified of a recession? These stocks hint you should be Cyclical commodities continue to weaken, gold moves in relation Italian banks on verge of new crisis on EUR400 million hole at Banca Carige China rate-cut chatter becomes louder as growth risks gather "iPhone story is...Read More
By Frank HolmesCelebrated value investor Benjamin Graham, who mentored a young Warren Buffett, liked to say that the market is a voting machine in the short term, a weighing machine in the long term. Last week the market voted to reward stocks in the aftermath of the midterm elections, which gave Democrats control of the House and left the Senate in the hands of Republicans. This all but guarant...Read More
Collapse of global stock markets can result in all metals and energies falling. Reason: Liquidity. Nervous investors will prefer to sit on cash. The continuous zoom up and nosedive pattern of global stock markets and currency markets will prevent retail investors from investing as well as trading. They will just use sharp rises to exit their investment and nothing else. Physical buyers of gold...Read More
Investment visionary Kiril Sokoloff is embarking on a series of exceptional interviews from his personal contacts for Real Vision. In the second episode of his series, he sits down with a revered titan of the investment world: Stanley F. Druckenmiller. Druckenmiller has an unrivalled track record that spans many decades. But what might be most incredible is that even whilst becoming one of the wor...Read More
How will the rising US Dollar create chaos in the world markets? Watch as Marin Katusa (Katusa Research) discusses the US economic outlook with Brent Johnson (Santiago Capital), Frank Curzio (Curzio Research) and Nathan Lewis (New World Economics).Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trus...Read More