Gold stocks Articles

UPDATE 1-BoE's Saunders tells UK households: prepare for higher rates - Guardian

Tuesday July 04, 2017 1:37 PM / Kitco News

LONDON, July 4 (Reuters) - A Bank of England policymaker who last month voted to raise interest rates was quoted as saying on Tuesday that he was "reasonably confident" that investment and exports would compensate for a consumer slowdown.Michael Saunders told the Guardian newspaper that households should prepare for higher rates at some point and there was no sense that they had to stay on hold du...Read More

Qatar Shows Mettle, Offers Compromise as Gulf States Prepare Meeting

Tuesday July 04, 2017 13:36 / Kitco News

By Tom Finn and Rania El Gamal | DOHA Qatar announced plans for a steep rise in Liquified Natural Gas (LNG) production capacity on Tuesday that suggested it was ready for a protracted dispute with Gulf neighbors, but Doha said it was doing all it could to reach agreement. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain were due to meet on Wednesday to decide whether to continue sanctions...Read More

We Must Declare Independence

2017-07-04T13:31:28+00:00 / Wall St. Whisperer

Commentary by Ron PaulAs Independence Day comes around again we should spend a few moments between barbecue and fireworks to think about the meaning of independence. The colonists who rebelled against the British Crown were, among other things, unhappy about taxation. Yet, as economist Gary North points out, the total burden of British imperial taxation was about one-to-two percent of national inc...Read More

Catalonia to split from Spain within 48 hours of secession vote - referendum draft bill

Tuesday July 04, 2017 13:24 / Kitco News

By Sam Edwards | BARCELONA, SPAINCatalonia will declare independence from Spain within 48 hours if voters back secession in an October referendum, according to a draft bill proposed by secessionist parties on Tuesday, though it remains unclear whether the vote will go ahead.Spain's Constitutional Court and the conservative government in Madrid have blocked previous secessionist challenges and the...Read More

Banco Santander points to new risks from Popular deal

Tuesday July 04, 2017 1:09 PM / Kitco News

By Jess AguadoMADRID, July 4 (Reuters) - Banco Santander said on Tuesday that significant risks stemming from its takeover in June of rival Banco Popular as part of its rescue could an adverse effect on its earnings.Santander's comments were included in a document sent to investors in connection with a 7 billion-euro ($7.94 billion) rights issue flagged in June when it bought Popular. The share is...Read More

Worldpay, M&A in focus as European shares consolidate; Italy banks up

Tuesday July 04, 2017 1:02 PM / Kitco News

* STOXX 600 down 0.3 percent* Worldpay soars on bid approaches* Italy banks rally as EU clears Monte Paschi plan (Adds details, closing prices)By Helen Reid and Danilo MasoniLONDON, July 4 (Reuters) - A spate of dealmaking news swept European stocks on Tuesday, with Worldpay soaring after bid approaches, helping mitigate a broad based pull back from the previous session's strong gains.The pan-Euro...Read More

ECB's Nowotny says inflation target must be viewed flexibly

Tuesday July 04, 2017 1:02 PM / Kitco News

VIENNA, July 4 (Reuters) - The European Central Bank's target of inflation under but close to 2 percent should not be applied too narrowly, Governing Council member Ewald Nowotny said on Tuesday, arguing for it to be seen as a flexible and medium-term target.In a speech on monetary policy, Nowotny said the target "should also include a certain flexibility".(Reporting by Francois Murphy; Editing by...Read More

NZ house price growth slows to 2-year low in June on gov't curbs - QV

Tuesday July 04, 2017 1:00 PM / Kitco News

WELLINGTON, July 5 (REUTERS) - Prices for New Zealand homes grew at their slowest annual pace in more than two years, as previously sizzling demand was crimped by regulatory curbs, government property valuer QV said on Wednesday.Quotable Value's (QV) residential property price index rose 8.1 percent in the year to June, the slowest since March 2015, compared with an annual rate of 9.7 percent in t...Read More

GLOBAL MARKETS-Shares stumble, oil steadies after flying start to second half

Tuesday July 04, 2017 12:50 PM / Kitco News

* Graphic: World FX rates in 2017 * Nerves caused by North Korea missile test ease in Europe* European stocks claw back ground after morning dip* Asia shares fall 0.6 pct, South Korean won hits 16-month low* N. Korea intercontinental missile lands in Japanese waters* S. Korea won drops, safe-haven yen strengthens* Oil ends run of gains on US supply drop as traders take profits* Risk aversion, doll...Read More

UPDATE 1-Guinness Nigeria starts $126 mln share sale to cut funding costs

Tuesday July 04, 2017 12:42 PM / Kitco News

(Adds quote, detail)By Chijioke OhuochaLAGOS, July 4 (Reuters) - Guinness Nigeria on Tuesday launched a share sale to raise 39.7 billion naira ($126 million) from existing shareholders to help lower its financing costs after reporting its first annual loss in 30 years last year.The beer maker, the local division of the world's leading spirit maker Diageo , said funds raised will support Guinness...Read More

North Korea's Latest Missile Launch Rattles Investors Overseas - TheStreet

Jul 4, 2017 12:37 PM / Martin Baccardax

European stocks traded lower Tuesday after a North Korean missile test rattled investors in Asia and sent markets tumbling amid concerns over heightened political tensions in the region. The region-wide Stoxx 600 Europe index, the broadest measure of share prices, was marked 0.15% lower at 382.94 points by mid-morning, although volumes were relatively thin owing to the U.S. Fourth of July holiday...Read More

BoE's Saunders tells UK households: prepare for higher rates - Guardian

Tuesday July 04, 2017 12:28 PM / Kitco News

LONDON, July 4 (Reuters) - British households should prepare for higher interest rates, Bank of England rate-setter Michael Saunders said on Tuesday, adding that he was "reasonably confident" that investment and exports would compensate for a consumer slowdown.Saunders, who voted last month to raise interest rates, toldthe Guardian newspaper there was no sense that rates had to stay on hold becaus...Read More

METALS-Nickel falls on abundant supplies, mine closure prospects fade

Tuesday July 04, 2017 12:26 PM / Kitco News

* LME/ShFE arb - (Updates with closing prices)By Peter HobsonLONDON, July 4 (Reuters) - Nickel prices fell on Tuesday on expectations of plentiful supply from Indonesia and the Philippines, while industrial metals were mostly lower as investors took profits following a recent rally. Trade was thin as U.S. markets were closed for the Independence Day holiday. "Volumes are very low so markets are ea...Read More

Gold, Correlated Market Drivers And The Path Of Least Resistance

Jul.4, 2017 12:25 PM / ANG Traders

Gold's path is determined by four market drivers.All four of these drivers are now lined up in the same direction.The path is in the direction of least resistance.As we stated in earlier SA articles (1, 2), there are four major drivers of gold: interest rates, the USD, the USD/JPY FOREX ratio, and inflation. What happens in these huge markets matters to the price of gold - it is gold that reac...Read More

Guinness Nigeria starts $126 mln share sale to cut funding costs

Tuesday July 04, 2017 12:12 PM / Kitco News

LAGOS, July 4 (Reuters) - Guinness Nigeria on Tuesday launched a share sale to raise 39.7 billion naira ($126 mln) from existing shareholders to help lower its financing costs after reporting its first annual loss in 30-years last year.The beer maker, the local division of the world's leading spirit maker Diageo , said funds raised will support Guinness in executing its strategy in the face of an...Read More

UPDATE 1-South Africa's rand firms, Naspers leads stocks down

Tuesday July 04, 2017 12:12 PM / Kitco News

* Rand firms amid low volumes from U.S holiday* Stocks fall led by Naspers (Updates figures, adds details, fresh quotes)JOHANNESBURG, July 4 (Reuters) - South Africa's rand firmed slightly on Tuesday as the July 4 holiday in the United States restricted market activity, while stocks weakened as investors took profits in bourse heavyweight Naspers. The rand was trading at 13.1850 versus the dollar...Read More

EMERGING MARKETS-LatAm stocks, currencies flat as U.S. holiday curbs trading

Tuesday July 04, 2017 12:07 PM / Kitco News

By Bruno FederowskiSAO PAULO, July 4 (Reuters) - Latin American stocks and currencies changed little on Tuesday as a U.S. holiday curbed trading volumes, while lower commodity prices weighed on demand for risky assets.U.S. financial markets were closed for the July Fourth holiday, greatly reducing market liquidity worldwide and driving many investors to avoid making big trades.The Brazilian real a...Read More

UPDATE 2-ECB pushback against taper talk comforts euro zone bonds

Tuesday July 04, 2017 12:03 PM / Kitco News

* ECB rate-setters have doubts about message change* Bond market takes comfort, yields broadly lower* Two-year German yields fall to 1-week low* Greek 10-year gov't bond yields lowest since Dec 2009* Euro zone periphery gov't bond yields (Adds Praet comment, Greek bond prices)By Dhara RanasingheLONDON, July 4 (Reuters) - Borrowing costs across the euro area fell on Tuesday as signs that some ECB p...Read More

UPDATE 1-Acacia seeks arbitration after Tanzania tears up mining contracts

Tuesday July 04, 2017 12:02 PM / Kitco News

* Tanzania in drive to increase domestic earnings from mining* Acacia share price extends losses (Updates with quotes, context)LONDON, July 4 (Reuters) - Acacia Mining said on Tuesday it was seeking an adjudicator to resolve its dispute with the Tanzanian government over mining contracts as President John Magufuli ordered the suspension of any new licences.Acacia's move comes a day after the count...Read More

Video: Gold ICL confirmed

Jul. 4, 2017, 11:49 AM / Smart Money Tracker

It appears the US Dollar has bottomed following an intermediate degree correction. This suggests that the dollar will rally for 6-8 weeks while gold heads lower. Gold has decisively broken down through its 200 dma. Traders are in a bull market mentality and will try to buy gold's dips until sentiment becomes bearish. Expect gold to continue lower over the next 4- 8 weeks.Read More