Gold stocks Articles

RPT-Wall St Week Ahead-After a long drought, bear market funds attract buyers

Sunday August 13, 2017 1:00 PM / Kitco News

By Trevor HunnicuttNEW YORK, Aug 11 (Reuters) - Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive.U.S. mutual funds that attempt to profit in falling markets attracted $413 million in new investments during the second quarter, the funds' largest inflows since the height of 2013's "Taper Tantrum" selloff, accordi...Read More

MIDEAST STOCKS-Bourses most exposed to foreign funds lag as global mood cautious

Sunday August 13, 2017 9:46 AM / Kitco News

* Egypt's blue chip index is worst performer* Dubai's Shuaa Capital flat despite strong Q2 results* Foreign funds net sellers in Qatar* Saudi German Hospital slumps on Q2 earnings miss* Insurance stocks outperform By Celine AswadDUBAI, Aug 13 (Reuters) - Stock markets in the Middle East that are most exposed to foreign funds were the chief losers on Sunday, taking their cue from international bou...Read More

Yields mixed on Egypt's 3-month, 9-month T-bills

Sunday August 13, 2017 8:50 AM / Kitco News

CAIRO, Aug 13 (Reuters) - The average yields on Egypt's three- and nine-month treasury bills were mixed at an auction on Sunday, central bank data showed, after falling sharply over the past week on the back of higher dollar reserves at the central bank.The average yield on the 91-day bill fell to 19.080 percent from 19.131 at the last similar auction on August 6. The yield on the 266-day bill ros...Read More

With budget cuts looming, U.S. aid chief vows to do more with less

August 13, 2017 08:05:52 / Lesley Wroughton

WASHINGTON (Reuters) - Facing potentially deep budget cuts to U.S. foreign aid, new USAID administrator Mark Green says he needs to do more with less and prove to President Donald Trump that development assistance can further his "America First" agenda.In a first meeting with Trump back in January, Green made his pitch to the then president-elect, drawing from his experience in Central America to...Read More

UPDATE 1-Saudi budget deficit shrinks from year ago due to higher oil prices

Sunday August 13, 2017 7:32 AM / Kitco News

(Adds details, analysis, quote by finance minister)RIYADH, Aug 13 (Reuters) - Saudi Arabia's state budget deficit shrank by a fifth in the second quarter from a year earlier as revenues rose moderately on the back of higher oil prices.The deficit dropped to 46.5 billion riyals ($12.4 billion) in the April-June period from about 58.4 billion riyals a year earlier, data from the finance ministry sh...Read More

Jordan approaches banks for dollar bond or sukuk issue -sources

Sunday August 13, 2017 7:24 AM / Kitco News

By Davide BarbusciaDUBAI, Aug 13 (Reuters) - The government of Jordan has asked banks to submit proposals to arrange a U.S. dollar conventional or Islamic bond issue, sources familiar with the matter said on Sunday.The bond would be of benchmark size, said one of the sources, declining to be named because the information is private. Benchmark-sized bonds are generally upwards of $500 million.Jorda...Read More

Saudi Q2 budget deficit shrinks from year ago, revenue up 6 pct

Sunday August 13, 2017 6:05 AM / Kitco News

RIYADH, Aug 13 (Reuters) - Saudi Arabia's state budget deficit shrank by a fifth from a year earlier in the second quarter of this year as revenues rose moderately and spending fell marginally, finance ministry figures showed on Sunday.Revenues increased 6 percent from a year ago to 163.9 billion riyals ($43.7 billion); oil revenues jumped 28 percent to 101.0 billion riyals because of higher inter...Read More

MIDEAST STOCKS-UAE, Qatar underperform, Saudi flat in early trade

Sunday August 13, 2017 4:16 AM / Kitco News

DUBAI, Aug 13 (Reuters) - Stock markets in the Gulf that are most exposed to foreign funds were the chief losers in early trade on Sunday, taking their cue from global bourses, where the mood was soured last week by growing tensions between the United States and North Korea. The Dubai index was down 0.5 percent as most shares fell, including commodities shipper Gulf Navigation , which was down 3.0...Read More

INDICATORS-Egypt - August 13

Sunday August 13, 2017 2:17 AM / Kitco News

CAIRO, Aug 13 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 33.029.814.0consumerJulyprices(year-on-year,pct change) CoreinflatioJuly35.26 31.9512.31n (year-on-year,pct change) Foreign July 36.036 31.30515.536reser...Read More

MIDEAST STOCKS-Gulf may be quiet but Dubai's Shuaa could shine

Sunday August 13, 2017 1:48 AM / Kitco News

DUBAI, Aug 13 (Reuters) - Stock markets in the Gulf may be quiet on Sunday as investors are reluctant to invest aggressively but Dubai investment bank Shuaa Capital may shine after it reported strong quarterly results.Tensions between the United States and North Korea have continued to escalate, driving investors to safe-haven buying of gold and the yen. On Friday, MSCI's index of stocks across th...Read More

India's gold imports to rebound in 2017 on restocking, good monsoon - top refiner

Sunday August 13, 2017 1:19 AM / Kitco News

By Rajendra JadhavPANAJI, India, Aug 13 (Reuters) - India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas during the upcoming festive season, a leading refiner told Reuters.Higher imports by the world's second biggest consumer will support global prices , which are trading near the...Read More

Philippine c.bank tries to calm FX market, says peso not in freefall

Sunday August 13, 2017 1:07 AM / Kitco News

MANILA, Aug 13 (Reuters) - The Philippine central bank on Sunday sought to soothe frayed nerves in the foreign exchange market after the peso hit an 11-year low, saying it was not in a freefall and assuring it would be on guard against excessive volatility."Let's calm down," Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla said in a statement, downplaying the peso's slump to 51.08 to th...Read More

GoldSeek Weekly Radio: Gerald Celente and Bill Murphy

Sunday, 13 August2017 / Staff reporter

August 11, 2017Featured GuestsGerald Celente & Bill MurphyPlease Listen HereShow HighlightsBill Murphy of GATA.org returns with key insights on the PMs market.The world's largest gold producing / consuming nation, China just announced a 10% decrease in production and a 10% increase in consumption.Our guest suggests a gold price target of $3,000-$5,000 to compensate for underlying real inflation l...Read More

Potential Pivots Upcoming for Stocks and Gold

Sunday, 13 August2017 / Staff reporter

By: Gary TanashianPrologue: This is a bearish article written by someone who covered his short (bearish) positions today (except for the euro) and has only long positions now, in precious metals and stocks, along with a heaping helping of cash. In other words, per yesterday's snapshot, the market had dropped to levels that could see a bounce, especially since the spark to this week's reaction was...Read More

Technical Scoop - Weekly Update: August 13, 2017

Sunday, 13 August2017 / Staff reporter

THE CHAPMAN REPORTCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.com Tale of the Tape North KoreaUSAPopulation25,155,317 (48th)323,127,513 (3rd)Land area120,540 sq. miles (98th)3,796,742 sq. miles (3rd)GDP (nominal)Per capitaGDP (PPP) $25 billion$1,000$40 billion$18.6 trillion (1st)$57,467 (7th)$18.6 trillion (2nd)HDI0.766 (high) (75th)0.920 (very high) (10th)...Read More

Breaking Away from the West: Gold Investment in Germany & The U.K. Surged

Sunday, 13 August2017 / Staff reporter

By: SRSrocco ReportWhile gold demand in the West continues to languish, something has recently motivated renewed interest in the yellow precious metal in Germany and the United Kingdom. Now, when I say renewed interest, I am referring to a surge in gold investment by Germans and British that we haven't seen for quite some time.This big increase in gold investment in Germany and the U.K. over the...Read More

Wall Street Journal still isn't ready to question central banking

Sunday, 13 August2017 / Chris Powell, GATA

12:42p ET Friday, August 11, 2017Dear Friend of GATA and Gold:The Wall Street Journal's feeble attempt this week to acknowledge the issue of gold market rigging by the U.S. government at least landed on the newspaper's front page today. You can see its display at the lower left side of the page here:http://www.gata.org/files/WallStreetJournalFrontPage-08-11-2017.jpgThe report signifies that the s...Read More

Statist Monetary Cranks

Sunday, 13 August2017 / Staff reporter

By: Gary NorthI have been writing refutations of monetary cranks for over half a century.I wrote my first essay on a monetary crank, Gertrude Coogan, in 1965. Her book was Money Creators. It came out in the 1930's in the Great Depression. That was the golden era of anti-gold standard fiat monetary cranks.I wrote the essay because R. J. Rushdoony had been taken in by the cranks in the late 1950's....Read More

Ira Epstein's Precious Metals Video Update: August-13-2017 -- Gold marches toward $1300

Sunday, 13 August2017 / Staff reporter

By: Ira EpsteinPrecious Metals Video Update -- Technical review: Gold marches toward $1300.https://www.iraepstein.com/Read More

The VXX Trade Of The Week - It's Not Magic, It's Fibonacci Pinball

Sunday, 13 August2017 / Staff reporter

By: Avi GilburtMany have asked me to explain how our Fibonacci Pinball method of Elliott Wave analysis works. So, this week, I am going to show you a real-time example of how one of our analysts used it to trade the equity market decline we experienced this past Thursday.On August 10th, the VXX closed up 14% from the closing price on August 9th. If we count the after-hours data, this move was act...Read More