By Avi GilburtAs Ecclesiastes notes, "There is nothing new under the sun." This, too, applies to the stock market.The average investor trap is the same throughout whatever period you wish to review. Markets become overexuberant, see a correction, sentiment resets, and markets rally on to their next phase of overexuberance. It is really that simple. Yet, we overcomplicate matters by relying on ec...Read More
- Gold posted second straight annual gain in USD in 2017- Gold in 2017: up 13.6% USD, up 2.7% GBP, down 1.4% EUR- 2017 is gold's best year since 29.5% gain in 2010- Strong performance despite rate hikes and stock bubble - India's gold imports surged 67% in 2017, Turkish, Chinese demand strong- Gold finished 2017 with longest rally since June 2016- 2018: Currency War and The Year of the Phoeni...Read More
FOMC minutes and other market moving US economic data releases are there till Friday. US December jobs numbers will positively affect the US dollar only if they indicate an interest rate hike in March. All incoming US economic data releases need to be looked from a March interest rate hike perspective. The US dollar will get another wave knock down if there is any indication of an interest rate...Read More
Money Morning Resource Specialist Peter Krauth predicts gold prices could climb as high as $1,500 by the end of 2018, roughly 14% above current levels.Because of our bullish outlook, Money Morning readers have been asking us, "What is the best gold ETF to buy in 2018?"We're going to show you the best gold ETF to invest in this year in just a bit.But first, here's why we are so bullish on the prec...Read More
SummaryMy Investment Model has a high allocation to stocks with an increasing shift to a conservative rotation. Financial risk is low with improving corporate performance, steady economic growth, and moderate inflation. Medium-term risks are less slack in the economy, rising interest rates, and the unwinding of "quantitative easing." Longer-term risks are high valuations.Most people have inadequat...Read More
Private Blog – Gold in 2018 – Are We Ready Now?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
Gold is looking to confirm that it is in the early stages of the next leg of a bull market which began in December 2015.Continue...Read More
Dr. Roberts discusses the evidence-or the lack of it-for the accusations that Russia colluded with the Trump campaign to throw the election to Trump. Continue...Read More
LONDON, 3 January 2018 - BullionVault's latest Gold Investor Index features today at What Investment, a leading personal finance magazine for UK investors."The old year ended with a bang for gold investing," says the magazine, "as demand hit a 13-month high at online and mobile platform, BullionVault."Quoting BullionVault's data and analysis in depth, its customers "added almost two-thirds of a to...Read More
Source: Thomson Reuters Datastream; BMG Group Inc.Read More
Calgary, Alberta (January 3, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has successfully completed its second and final drilling program of 2017 on the Toughnut Property near Nelson in southeastern British Columbia.A total of 11 diamond drill holes were completed totalling 1,729.96 meters from 7 drill p...Read More
SHANGHAI, Jan 3 (Reuters) - China's yuan eased against the U.S. dollar on Wednesday after the central bank set the daily midpoint at its strongest level in 20 months, prompting a rush of dollar buying by corporates.Prior to market opening on Wednesday, the People's Bank of China (PBOC) set its official yuan midpoint at 6.4920 per dollar, breaching the key threshold 6.5 per dollar level.Wednesday's...Read More
By Aditya SoniJan 3 (Reuters) - Most Southeast Asian stock markets rose on Wednesday, tracking gains across Asia, with the Philippines rising more than 1 percent to a fresh record on its first trading day of the year.A bevy of strong manufacturing data that underscored an upturn in world economic growth boosted risk appetite, lifting broader Asian stocks to a fresh decade high. MSCI's index of Asi...Read More
Indonesia's government has extended until June 30, 2018, the temporary special mining permit it issued to PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan (NYSE:FCX).The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations in the country, wh...Read More
CloseGain/LossGold $1318.20+$15.00Silver$17.17+$0.23XAU88.14+3.36%HUI198.60+3.27%GDM666.00+2.30%JSE Gold1317.36+13.77USD91.86-0.44Euro120.65+0.62Yen89.12+0.31Oil$60.37-$0.0510-Year2.458%+0.047T-Bond151.84375-1.15625Dow24824.01+0.42%Nasdaq7006.90+1.50%S&P2695.79+0.83% The Metals: Gold gained $11.20 to $1314.40 in midmorning New York trade before it pared back heading into midday, but it the...Read More
Momentum as well as technicals for the US dollar are bearish. Everyone is short the greenback. I will prefer to look for signs of profit taking on short US dollar positions. FOMC minutes on Wednesday, US December private ADP employment numbers on Thursday and US December nonfarm payrolls on Friday will affect the short term trend of the US dollar. Last year the focus of the markets was on intere...Read More
By Chris ThomasJan 3 (Reuters) - Miners gave Australian shares a jump-start on Wednesday, supported by rallying metal prices, while investors were also cheered by Wall Street's strong start to 2018.The S&P/ASX 200 index rose 0.2 percent, or 11 points, to 6,072.3 by 0026 GMT. The benchmark had closed marginally lower on its first day of trade in the year."We saw pretty strong Chinese data...Read More
An ounce of gold gains nearly $80 in the last three weeks. Greenback continues to suffer losses against its rivals. The XAU/USD pair's rally, which started after the pair refreshed its five month-low at $1236 on December 12, hasn't lost any strength on the first trading day of 2018, lifting the pair to its highest level in more than three months at $1315. As of writing, the pair was...Read More
* Oil trades near strongest levels since mid-2015* Retailers up after bullish note* Indexes up: Dow 0.4 pct, S&P 0.8 pct, Nasdaq 1.5 pct (Updates volume, adds details)By Caroline ValetkevitchNEW YORK, Jan 2 (Reuters) - U.S. stocks rose in the first session of the new year and the Nasdaq closed above 7,000 for the first time on Tuesday as investors were optimistic that 2018 will bring more gain...Read More