Risk appetite is starting to confuse itself as broader markets struggle to pick a direction on US election results. Heaving US Treasuries and a Greenback in flux is seeing Gold struggle to maintain a firm hold in either direction. Gold has taken some wild swings in early Wednesday's trading session, alternating between spikes to 1,232.00 and drops into 1,223.00 as broader market sentiment wh...Read More
(Adds comment from central bank official)STOCKHOLM, Nov 7 (Reuters) - Sweden's central bank is addingthe Danish and Norwegian crowns as new reserve currencies, butwill stay out of the Chinese yuan for now, the Riksbank said onWednesday.The British pound, which the Riksbank already holds, willalso get the status of one of five contingency currencies alongwith the two Nordic units, the dollar and th...Read More
Published 20 Hours AgoUpdated5 Hours AgoReuters Leonhard Foeger | ReutersGold pared some gains on Wednesday but held firm as the dollar slid after the U.S. midterm elections delivered a split Congress and as investors looked ahead to a Federal Reserve meeting for signals on future interest rate hikes.Spot gold was up 0.01 percent at $1,226.53 per ounce having earlier hit $1,235.83, while U.S. gol...Read More
LONDON, Nov 7 (Reuters) - Turkey's 2020-2030 dollar bondshit their highest level since August on Wednesday, as a drop inthe U.S. currency following midterm elections helpedextend the recent rebound in Turkey's markets.Ankara's 2030 bond got the biggest boost,rising nearly 1 cent in price in what looked set to be a fourthstraight day of gains.(Reporting by Marc Jones; Editing by Jo Mason) Messaging...Read More
(Adds details, quotes, context)MOSCOW, Nov 7 (Reuters) - Polyus, Russia's largestgold producer, on Wednesday reported third-quarter net profitdown 61 percent from a year ago to $144 million due to foreignexchange losses and other non-cash items.The company controlled by Said Kerimov, son of Russiantycoon Suleiman Kerimov, has not been targeted by the U.S.sanctions against Moscow. Washington includ...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average, the Nasdaq and the S&P 500 all rose on Tuesday as voters headed to the polls for the U.S. midterm elections. It was the Nasdaq's first gain in three days, while the other two have closed higher in four of the past five trading sessions. Eli Lilly & Co. (LLY) fell 3.9% des...Read More
The Tuesday Market Minute Global stocks steady on the final day of trading before U.S. midterm elections, with a stronger U.S. dollar and modestly higher interest rates holding down gains.Asia stocks gain, despite weaker tech stocks following last night's Apple sell-off, with Japan posting a solid 1.1% advance while China shares slipped modestly into the red.Oil prices continue to slide, ex...Read More
Voters may identify with moderation for a number of reasons: pragmatic, ideological or otherwise. It has even been suggested that individuals vote for Continue...Read More
Corporate earnings have been exceptionaly strong but that may soon end, and history suggests a bumpy road ahead for the stock market.Continue...Read More
Bob Moriarty ArchivesNov 7, 2018New Carolin Gold is another of those stocks that got hammered between 2011 and 2014 going from $1.85 to a low of $.10. They ran out of money and management bandwidth at the same time while sitting on top of a 36 km strike length gold system near a highway in mining friendly British Columbia. Sigh!!!For most of the last twenty years the majors have been consuming the...Read More
CloseGain/LossGold $1226.30-$0.10Silver$14.56+$0.04XAU65.59-1.09%HUI145.87-1.33%GDM538.78-0.48%JSE Gold1113.84-23.48USD96.12-0.16Euro114.42+0.26Yen88.27+0.04Oil$61.67-$0.5410-Year3.222%+0.003T-Bond137.25-0.1875Dow26180.30+2.13%Nasdaq7570.75+2.64%S&P2813.89+2.12% The Metals: Gold gained $9.50 to $1235.90 in London, but it then dropped back to as low as $1225.40 in New York...Read More
By Ira EpsteinMetals take a backseat to strong stock market rally today.https://www.iraepstein.com/ Read More
By Stefan GleasonTuesday's elections produced some winners, some losers, some surprises, and some lingering uncertainties.For investors, the potential for a major shock to the markets was averted. But with Democrats poised to take control of Congress, new legislative threats to wealth holders loom on the horizon.Even though the GOP lost the House of Representatives, it gained seats in the Senate...Read More
As contentious as the US midterm elections were, there was never a scenario in which they mattered. Any possible configuration of Republicans and Democrats in the House and Senate would have yielded pretty much the same set of economic policies going forward: Ever-higher debt, upward trending interest rates and (through the combination of those two) rising volatility.So with the sideshow now in...Read More
TORONTO--(BUSINESS WIRE)--Men?" Inc. (TSX-V:MENE) ("Men?"" or the "Company"), is pleased to announce that it has completed its separation from Goldmoney Inc. (TSX:XAU), becoming an independent public company. Class B common shares (the "Class B Shares") of the Company will commence trading on the TSX Venture Exchange (the "TSX-V") on November 6, 2018, at 9:30 AM EST under the trading symbol "MEN...Read More
By Frank HolmesStarting today, the five-day festival known as Diwali literally, "a row of lights" will be observed by millions of Hindus, Sikhs and Jains worldwide. A celebration of good triumphing over evil, the festival typically coincides with the Hindu new year. Regular readers of Frank Talk should know that Diwali is also an auspicious time to buy gold coins and jewelry as gifts for loved o...Read More
Miles Franklin sponsored this article by Gary Christenson.Johnny Cash wrote "Committed to Parkview" in 1985. The Highwaymen (Cash, Nelson, Jennings, and Kristofferson) sang the song. Verse four is:"They wake me about six-thirtyJust before the morning mealWhile they're takin' my blood pressureThey ask me how I feelAnd I always say fantasticThere ain't nothing wrong with meAnd then they give me my...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
How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?* * *Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals Markets for Years By H...Read More
By Craig HemkeIt has been an odd and frustrating year for COMEX Digital Gold and Silver. However, conditions exist that could drive prices back to unchanged or even slightly positive by year end. Let's begin by noting why and how this year got sideways on us. We were on the record stating that COMEX gold would break out of its 5-year "bowl" pattern by late 2018. Why did we think this? See the ch...Read More