By BullionStarhttps://www.bullionstar.com/As market turmoil hits both equities and cryptocurrencies, the heightened volatility in these assets underscores gold's unique role as a safe haven, store of value and portfolio diversifier.Stock Market SelloffsWith major US stock indices falling again sharply on Thursday (DJIA - 4.02%, NASDAQ - 4.08%, S&P -3.41%), last Monday's equity market selloff and...Read More
- Brexit uncertainty deepens as UK government in disarray- BOE warns of earlier and larger rate hikes for Brexit-hit UK- UK property prices fall second month in row, London property under pressure- No deal Brexit estimated to cost UK ?80bn according to government analysis- Transition period causing major uncertainty for UK and pound- Pound expected to fall as Brexit fears remain into 2018Editor:...Read More
By Mining JournalNorthern Vertex Mining (CN:NEE) is on the cusp of being the US's next gold and silver producer and has started stacking ore on the new leach pad at its Moss mine in Arizona. Commissioning is continuing and production is ramping up to an initial stacking rate of 2,500 tonnes per day before building to 5,000t/day. The company said to the best of its knowledge, Northern Vertex wa...Read More
This week's "flash crash" has inflicted some technical damage on the market but nothing too serious, for the moment. However, some caution is warranted.To gauge where the markets go from here I believe it important to focus on how the Dow Transport Index behaves, as it is the weaker of the two main Dow Indices (as was the case in 1998 and 1999, just before the tech crash of 2000). Currently, it is...Read More
Private Blog Posts have been Made Available on Gold & the Euro for Today’s ClosingPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.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
Read the latest articles at Peak Prosperity: https://www.peakprosperity.com/Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stoc...Read More
The Pentagon is considering deploying Marine Expeditionary Units to Asia to reassure Asian allies and deter Chinese influence in the region.Continue...Read More
A U.S. appeals court ruled on Friday that the largest buyers of risky corporate loans are now exempt from post-crisis rules that would haveContinue...Read More
James G. Rickards joins Remy Blaire in the aftermath of the 'Gold vs. Bitcoin' debate with James Altucher at the Stand Up NY comedy club. Rickards weighs in on the outlook for commodities and cryptocurrencies in "the year of living dangerously.Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at...Read More
Markets were up and down like a yo-yo today, but the Dow closed today up 330 points. Since last Thursday we'd seen a triple meltdown in bonds, stocks and Continue...Read More
On Monday, February 5th, 2018 we experienced 'Volmageddon' (Volume Armageddon) where the low volatility indexes got crushed.Continue...Read More
Click Here to Listen to the Interview - *the interview begins at 25:00"When we have a bear market again, and we are going to have a bear market again, it will be the worst in our lifetime. Debt is everywhere, and it's much, much higher now."Click Here to Listen to the Interview - *the interview begins at 25:00Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fu...Read More
(Kitco News) - Among a few studies done on gold versus bitcoin mining pollution, one blockchain consultant pointed his finger at the latter.“When you’re deciding whether to hold physical gold or Bitcoin, gold might just be the greener option, and it has the added benefit that it will continue to function even if mining stops completely,” Alex de Vries, founder of cryptocurrency t...Read More
CloseGain/LossGold $1317.20+$1.90Silver$16.38+$0.05XAU79.86-0.85%HUI178.39-0.81%GDM606.47-0.63%JSE Gold1142.47-32.32USD90.33-0.02Euro122.47-0.24Yen91.95+0.57Oil$61.15-$0.6410-Year2.829%-0.012T-Bond144.25-0.375Dow23860.46-4.15%Nasdaq6777.16-3.90%S&P2581.00-3.75% The Metals: Gold dropped $8 to $1307.30 in London before it bounced back to $1316.90 at about 9:30AM EST and then fell back to $13...Read More
- China gold production falls by 9% to 420.5t in 2017- Chinese gold demand rose 4% to 953.3t in same period- China is largest producer and accounts for 15% of global gold production- China does not export gold. Increasing foreign gold acquisitions to meet demand- Global gold production flat - 3,269t in '17 from 3,263t in '16, smallest increase since '08- Peak Gold is here: supply set to fall...Read More
* KOSPI index falls more than 2.5 pct at opening, foreigners sell* Korean won reaches near 1,100 level versus U.S. dollar* South Korea bond yields were up SEOUL, Feb 9 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index slid early Friday following fresh losses in Wall Street, which made investors turn away from riskier assets. The Korean won faltered, while...Read More
SHANGHAI, Feb 9 (Reuters) - China's central bank said it will skip open market operations for the 12th straight trading day on Friday as liquidity levels in the banking system were "relatively high".On a net basis, the People's Bank of China (PBOC) will not inject nor drain any funds from the money market for the day, as there are no reverse repos due to mature on Thrusday.The PBOC drain...Read More
SEOUL, Feb 9 (Reuters) - South Korea's economy will continue to recover with improving exports and investment activities, even as job growth remains weak, the finance ministry said on Friday. Shipments of memory chips will post robust growth thanks to soaring global demand, although slowing job growth for young South Koreans is holding back overall growth, the ministry said in its monthly assessme...Read More
* Yen near 4-month high as position unwinding continues* Euro could post biggest weekly loss since Nov 2016 By Hideyuki SanoTOKYO, Feb 9 (Reuters) - The yen neared a four-month high against the dollar on Friday as global stock markets plunged again, triggering a rush into traditional safe-haven currencies.The worsening risk sentiment and higher volatility also means many market players are now be...Read More