According to Goldman Sachs Group Inc.'s global head of investment research, the collapse in the prices of cryptocurrencies over the past month could get Continue...Read More
The American shale industry refused to break and is now in a such a strong position that the US is actually selling oil to the U.A.E.Continue...Read More
LONDON, 6 February 2018 - Leading US finance news-site MarketWatch today quotes comment and analysis from BullionVault about how gold can help protect investors during stockmarket slumps."Gold isn't guaranteed to rise when equities fall. Indeed, it may drop amid a severe crash if fund managers sell to cover losses on other assets," MarketWatch quotes BullionVault research director Adrian Ash."But...Read More
LONDON, 6 February 2018 - Amid the turmoil in world stock markets, leading UK newspaper The Telegraph today highlights BullionVault as a quick, cheap and secure way to invest in gold on its website."There a number of standalone online dealing services that allow you to invest in gold held elsewhere in a secure vault," says Telegraph.co.uk."BullionVault is one of the main services," it goes on, not...Read More
I wasn't expecting that much open-mindedness from a government institution.The Committee on Banking Housing and Urban Affairs met this morning to conduct a hearing entitled, Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission. The witnesses were Jay Clayton, Chairman of the U.S. Securities and Exchange Commission (...Read More
Adem Tumerkan February 6, 2018 Category: Research When will we finally learn from the ghost of Hyman Minsky about volatility?"Low volatility breeds high volatility."Don't know who that is?Don't worry - almost no one does. . .And that's a good thing because it gives us a great competitive advantage.Hyman Minsky was an economist who passed away in 1996. He came up with many interesting things.But th...Read More
(Kitco News) - Bitcoin was once again knocked off its feet on Monday, with prices dropping below $7,000 — the lowest level in almost three months.The popular digital currency tumbled 19.58%, briefly hitting $6,583.56, which marked the lowest level since November 14. The cryptocurrency managed to recover slightly, last seen at $6,876, according to Kitco.com.The main downward drivers have been...Read More
CloseGain/LossGold $1336.30+$4.50Silver$16.70+$0.10XAU83.07-0.96%HUI185.80-1.19%GDM633.83-1.41%JSE Gold1200.17-28.72USD89.60+0.44Euro123.92-0.67Yen91.37+0.52Oil$64.15-$1.3010-Year2.731%-0.107T-Bond146.53125+1.75Dow24345.75-4.60%Nasdaq6967.53-3.78%S&P2648.94-4.10% The Metals: Gold gained $6.80 to $1338.60 in London before it drifted back towards unchanged in New York, but it then jumped to...Read More
- Shrinkflation continues to take hold across UK, Ireland and US for sixth year running- Shrinkflation sees consumers gets less product, but at the same or increased price- 2,500 products have shrunk according to Office of National Statistics in UK- Reported inflation is between 1.7% and 3% but actually much higher- Shrinkflation is financial fraud, unreported inflation in stealth mode- Gold...Read More
The big question is if has gold topped out for the short term. Traders are expecting a March interest rate hike by the Federal Reserve after nonfarm payrolls. My 2018 analysis is based on four interest rate hikes this year. I expect gold price to rise despite four interest rate hikes by the Federal Reserve. Only the pace of rise and pace of fall will not be as per trader expectation. Asian gold...Read More
SHANGHAI, Feb 6 (Reuters) - China's central bank said it will skip open market operations for the ninth straight trading day on Tuesday as liquidity levels in the banking system were "relatively high".On a net basis, the People's Bank of China (PBOC) will drain 80 billion yuan ($12.73 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Tuesda...Read More
(Recasts with White House statement)By Steve Holland and Trevor HunnicuttWASHINGTON/NEW YORK, Feb 5 (Reuters) - After U.S. stocks plummeted on Monday, the White House sought to play down concerns, saying President Donald Trump was focused on "exceptionally strong" underlying fundamentals in the economy.White House spokeswoman Sarah Sanders said the economy was experiencing "strengt...Read More
WASHINGTON, Feb 5 (Reuters) - The U.S. House of Representatives is expected to vote on Tuesday on a short-term measure to fund the federal government through March 23 and avert another shutdown, Republican House members said on Monday.The measure would fund most government agencies and contain a year of defense funding as well as two years of funding for community health centers, the Republican re...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.7 pct, CSI300 +0.1 pct, HSI -1.1 pct* Shanghai->HK daily quota used 71.9 pct* HK->Shenzhen Connect daily quota used 1.3 pct, Shenzhen->HK daily quota used 25.6 pct* CNY official close 6.294 per dollar* FTSE China A50 +0.5 pct, BNY Mellon ADR China Select Index -2.1 pct SHANGHAI, Feb 6 (Reuters) - Following is a list of recent corporate and polic...Read More
TOKYO, Feb 6 (Reuters) - Japan's Nikkei share average dived on Tuesday morning to a level not seen since late October after Wall Street plunged overnight on concerns about rising bond yields and potentially rising inflation.The Nikkei fell to as low as 21,698.52, and was down 4 percent in early morning.The broader Topix fell 4.3 percent to 1,745.79. (Reporting by Ayai Tomisawa) Disclaimer: The vi...Read More
Feb 6 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- TUESDAY, FEBRUARY 6 SYDNEY - Reserve Bank of Australia...Read More
Feb 6 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS6-FebUnited States Sale of 3-year notes6-FebBelgium Auction of Treasury bills7-FebGermany Auction of 10-year Federal bonds7-FebUnited States Sale of 10-year notes7-FebJapan 6-month discount bill auction7-FebSwedenAuction of government bond...Read More
Feb 6 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, FEBRUARY 6 LONDON - Elisabeth Stheeman, newly appointed external member of the Bank of...Read More
By Gertrude Chavez-DreyfussNEW YORK, Feb 5 (Reuters) - Scottish entrepreneurs Doug Barrowman and Michelle Mone are seeking to raise about $80 million in a token offering next month to finance an investment platform that they say should open up venture capital investing to a wider audience.EQUI is a web-based application on the popular Ethereum blockchain. Projects are showcased on the platform and...Read More
SEOUL, Feb 6 (Reuters) - South Korea has scrapped the implementation of a proposed widening of capital gains tax on foreign buyers of Seoul stocks, the finance ministry said in a statement on Tuesday.In its annual tax code revision in August 2017, South Korea said it was seeking to extend the tax base to take in moreforeign investors and larger shareholders. The August 2017 draft proposed to lower...Read More