Feb 01, 2018 Guest(s): Jim Rickards Best-selling Author Last year may have been ruled by bitcoin and the crypto space but is 2018 shaping up to be the year of the yellow metal? Watch the much anticipated debate between three titans of the gold space; bestselling author Jim Rickards, Sprott's Rick Rule, and Kitco Metals global trading director, Peter Hug give their matter-of-fact, point of views...Read More
Zapata Racing is testing a new hoverboard that is aiming to the Segway of the skies. Continue...Read More
The price of Bitcoin briefly dipped below $10,000 Tuesday morning on news that The U.S. Commodity Futures Trading Commission (CFTC) had subpoenaed Tether and Bitfinex on December 6th. The irony of the U.S. government subpoena-ing a private company about the realness of their reserves is not lost on us. The gold that is supposedly at Fort Knox has not been audited since the 1950's. And the fact tha...Read More
(Kitco News) - Higher gold prices and tax changes are likely to keep India’s gold demand restrained this year, as investors opt for equities and mutual funds, according to local jewelers.“What we feel in 2018 is that gold will probably retain a similar business to last year,” ABS Sanjay, the managing director of AVR Swarna Mahal Jewelry in south India, told UAE’s The Nation...Read More
Source: Jack Chan for Streetwise Reports 01/29/2018Technical analyst Jack Chan charts the latest movements in the gold and silver markets.Our proprietary cycle indicator is up.Gold sector is on a long-term buy signal.Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal.Short-term signals can last for...Read More
CloseGain/LossGold $1342.00-$7.60Silver$17.18-$0.23XAU87.47-3.15%HUI195.77-3.73%GDM663.35-2.82%JSE Gold1300.17-12.92USD89.36+0.26Euro123.83-0.41Yen91.91-0.06Oil$65.56-$0.5810-Year2.691%+0.032T-Bond148.15625-0.59375Dow26439.48-0.67%Nasdaq7466.51-0.52%S&P2853.53-0.67% The Metals: Gold fell $11.70 to $1337.90 in late morning New York trade before it bounced back higher in the next few hours,...Read More
The FOMC meeting and US January nonfarm payrolls will be the key. The US economy will see a rise in consumer spending as bonuses rise due to Trump's tax and trickle down effects. If the Federal Reserve is aggressive then we might just see a March interest rate hike. The US dollar is oversold. Any positive news can result in the US dollar paring most of January's losses and even gain. Bubbles hap...Read More
* Debt-for-equity swap agreed in principle* Will dilute existing equity holders' stake to 10 pct* Deal subject to shareholder approval* Noble says deal will reduce debt to sustainable level (Repeats to fix technical glitch, no changes to text)By Anshuman Daga and Aradhana AravindanSINGAPORE, Jan 30 (Reuters) - Struggling Noble Group has struck a deal with creditors to restructure $3.5 billion of i...Read More
(Corrects spelling error in headline, no change to text)SEOUL, Jan 30 (Reuters) - South Korean manufacturers' business confidence edged down for February, a central bank survey showed on Tuesday, as companiesgrew more pessimistic because of local economic uncertainties and appreciation of the won.The Bank of Korea's manufacturing business survey index (BSI) for February came in at 80 on a seasona...Read More
SYDNEY, Jan 30 (Reuters) - Australian business conditions remained buoyant in December with both profits and sales healthy, while a pick up in confidence was positive for the investment outlook, a survey reported on Tuesday.National Australia Bank's index of business conditions held steady at a seasonally adjusted +13 in December, staying well above the long-run average of +5.The survey's measure...Read More
Mr. Marc Prefontaine reports ORLA ANNOUNCES INCREASE TO BOUGHT DEAL FINANCINGOrla Mining Ltd. has agreed with a syndicate of underwriters led by GMP Securities LP, and including Paradigm Capital Inc., Cormark Securities Inc., TD Securities Inc., Desjardins Securities Inc. and Raymond James Ltd., to increase the size of its previously announced $25.48-million bought deal offering. Pursuant to the u...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -1.8 pct, HSI -0.4 pct* Shanghai->HK daily quota used 28.1 pct* Shenzhen->HK daily quota used 17.2 pct* CNY official close 6.346 per dollar* FTSE China A50 -2.1 pct, BNY Mellon ADR China Select Index -1.5 pct SHANGHAI, Jan 30 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might...Read More
(Adds detail on jobs, household spending, retail sales)* Labour demand at highest in more than 4 decades* Data give unions leverage in push for higher wages* Retail sales rises By Stanley WhiteTOKYO, Jan 30 (Reuters) - Labour demand in Japan rose in December to its highest in more than 40 years, which could give labour unions extra leverage in impending spring wage negotiations. Retail sales ros...Read More
Jan 30 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 30-JanJapan Auction of 2-year government bonds30-JanItaly Medium- to Long-Term auction30-JanBelgium Auction of Treasury bills31-JanSwedenAuction of Treasury bills31-JanGermany Auction of 5-year Federal notes31-JanNorwayAuction Treasurie...Read More
LONDON, Jan 30 (Reuters) - The confidence of British households rose at the fastest pace in a year in January, suggesting the Brexit-bound economy might hold up better than expected again this year, according to a survey published on Tuesday.Polling firm YouGov and the Centre for Economics and Business Research, a consultancy, said their consumer confidence index rose to 108.2 from 107.1 in Decemb...Read More
Jan 30 (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, JANUARY 30 ** CHISINAU - National Bank of M...Read More
Jan 30 (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, JANUARY 30PARIS - ECB policymaker Francois Villeroy de Galhau speaks at a Fintech conf...Read More
TOKYO, Jan 30 (Reuters) - Japanese retail sales rose 3.6 percent in December from a year earlier, compared with a median market forecast for a 1.8 percent increase, government data showed on Tuesday.For background, please see this PREVIEW To view full tables, go to the website of the Ministry ofEconomy, Trade and Industry at: (Reporting by Izumi Nakagawa and Stanley White; Editing by Chris Gallagh...Read More
Paul Volker once said that “trees don’t grow to the sky, they never have, and they never will.” He said this in reference to the dynamic U.S. equities markets which were ascending to new highs while he was chairman of the Federal Reserve.Simply put, even the most bullish markets tend to move higher in a cycle. Throughout this cycle, prices might take three steps higher at first,...Read More