- FBI warns of attacks in US after similar crimes in Taiwan, Thailand and Europe- Hackers have stolen c.$1 million from ATMs across the US warns U.S. Secret Service- Target Diebold Nixdorf machines - #1 global ATM provider, 35% of ATMs worldwide- Digital deposits increasingly vulnerable - Time to save in physical goldEditor: Mark O'ByrneSource: TechViral.net$1 million has been stolen from AT...Read More
Trump is a joker. It is better to ignore his state of the Union address and focus on economic fundamentals and central bank excesses. The US January ADP employment number will impact currencies and precious metals only if it is on the extreme higher/lower side of expectation. Physical demand for gold and silver will be the key. There will be a sell off if there is no physical demand for gold sil...Read More
J.B. Silvers, Case Western Reserve UniversityAmazon, Berkshire Hathaway and JPMorgan Chase's announcement that they will create an independent company to offer health care to their employees "free from profit-making incentives and constraints" sent a shock through the healthcare industry, with share prices of some incumbents tumbling on Jan. 30.Of course, this is not a surprise since anything Amaz...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
The single most important bond in the world is the US 10-Year Treasury bond.According to modern financial theory, this bond, with a duration that is meant to cover a full economic cycle, is generally considered the "risk free" rate of the return for the entire financial system. Corporate debt, mortgage rates, auto loans, even stock dividends are all perceived in terms of their value/risk relative...Read More
I know the Federal Reserve doesn't effectively create money or directly monetize. I know this because then Fed chief, Ben Continue...Read More
Three trends I've been forecasting have been happening in the last year:The strong Trump rally.Rising 10-year Treasury bond yields.And rising gold prices.Continue...Read More
Palisade Research January 31, 2018 Category: Research There is something going on in the economy that no one is talking about.And it is making me uneasy. . .For the last decade, the world’s economies have piled on an insane amount of debt.It’s not hard to see why this happened.Years of near zero interest rates - even negative across Europe and Japan - allowed governments and households...Read More
(Kitco News) - Gold prices rose in Asian trading as U.S. President Donald Trump delivered his first State of the Union address, in which he praised economic progress, called for cooperation and ordered to keep Guantanamo Bay prison open.April Comex gold futures were last at $1,344.20, up 0.31% on the day.In his speech, Trump touted stock market gains, tax cuts benefits and rising wages.“Sinc...Read More
Gold Comment by Soren K, a biased bullish Gold trader who swing-trades from the short side in shorter time frames. Note: As part of the writing team I'm adding an edit for the casual reader whom Soren does not wish to cater to but, I do. Soren deals in projections and likelihoods as a product of risk reward opportunities. These are not predictions despite the black and white definitive...Read More
CloseGain/LossGold $1336.80-$5.20Silver$17.11-$0.07XAU86.56-1.03%HUI194.03-0.89%GDM656.14-1.09%JSE Gold1239.40-60.77USD89.23-0.13Euro123.97+0.14Yen91.97+0.06Oil$64.50-$1.0610-Year2.724%+0.033T-Bond147.34375-0.78125Dow26076.89-1.37%Nasdaq7402.48-0.86%S&P2822.43-1.09% The Metals: Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then...Read More
- Property crisis in London as over half of 1,900 luxury apartments built 2017 fail to sell- London's still high priced property causes companies to locate offices elsewhere- At current rates, glut of London properties will take three years to sell- Leading London-based estate agents Foxtons' sees 42% drop in earnings, yoy- UK's largest estate agent issues second profit warning in three months-...Read More
Deutsche Bank and its associate group, UBS, HSBC etc have been fined by the CFTC for gold price manipulation. I am sure silver prices are being manipulated by a group of banks and hedge funds. Silver is undervalued. Long term industrial uses of silver will exceed production. Those who had invested in physical silver have lost all hope that silver prices can rise. Some of the silver investors are...Read More
By Wayne ColeSYDNEY, Jan 31 (Reuters) - Australian consumer prices remained subdued last quarter as core inflation ended a second whole year below the central bank's target, leading investors to widen the odds on a hike in interest rates anytime soon.The local dollar fell a quarter of a U.S. cent as the headline consumer price index (CPI) rose 0.6 percent in the December quarter, missing forecasts...Read More
* KOSPI index reverses earlier losses, foreigners sell* Korean won rose versus U.S. dollar* South Korea bond yields were down SEOUL, Jan 31 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Wednesday. The Korean won rose inched up against the dollar while bond yields fell. ** At 0100 GMT, the KOSPI was up 6.52 points or 0.3 percent at 2,574.26. The...Read More
* Dollar steady vs basket of major currencies* Traders await Trump's address, Fed policy statement By Masayuki KitanoSINGAPORE, Jan 31 (Reuters) - The dollar held steady against a basket of major rivals on Wednesday, as investors awaited the U.S. Federal Reserve's policy decision and U.S. President Donald Trump's State of the Union address.The dollar index, which measures the greenback against a...Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* LME Copper Stock Arrivals: * LME Copper Stocks: By Andy HomeLONDON, Jan 30 (Reuters) - You don't get much market bang for 100,000 tonnes of copper these days. Or 101,725 tonnes to be precise, which is the amount of metal that was dumped into the London Metal Exchange (LME) warehouse network ov...Read More
Jan 31 (Reuters) - NZX Ltd said on Wednesday it had signed a memorandum of understanding with Hong Kong Exchanges and Clearing Ltd as the two exchanges look to collaborate on a range of assets."This supports the New Zealand exchange's commitment to increase its international presence as outlined in NZX's recently released strategy," NZX Chairman James Miller said in a statement.The memor...Read More
BEIJING, Jan 31 (Reuters) - Growth in China's manufacturing sector slowed more than expected in January in the face of a cooling property market and tighter pollution rules that have curtailed factory output.The official Purchasing Managers' Index (PMI) released on Wednesday dipped to 51.3 in January, from 51.6 in December. But it remained comfortably above the 50-point mark that separates growth...Read More
BEIJING, Jan 31 (Reuters) - Growth in China's services industry picked up in January, an official survey showed on Wednesday, suggesting the key sector is continuing to expand robustly at the start of 2018.The official non-manufacturing Purchasing Managers' Index (PMI) rose to 55.3 from 55 in December.China's leaders are counting on growth in services and consumption to rebalance their economic gr...Read More