BEIJING, Jan 27 (Reuters) - China's securities regulator on Friday approved three initial public offering applications, which combined will raise as much as 4.9 billion yuan ($775 million). Jiangsu Financial Leasing and Tianjin 712 Communication Broadcast will be listed on the Shanghai Stock Exchange, and a Guizhou-based tech firm will be traded on the NASDAQ-style board ChiNext, the China Securit...Read More
ASHGABAT, Jan 27 (Reuters) - The economy of ex-Soviet republic of Turkmenistan grew by 6.5 percent last year, accelerating from a 6.2 percent increase in 2016, Turkmen President Kurbanguly Berdymukhamedov said at a televised government meeting on Saturday.He said growth was achieved thanks to rising volumes of exports, which grew by 6.6 percent last year. Turkmenistan exports natural gas to China,...Read More
The U.S.’s merchandise-trade deficit unexpectedly grew to $71.6 billion in December from a revised $70 billion the prior month, marking the widest gap since July 2008, preliminary figures from the Commerce Department showed Friday. The median estimate of economists in a Bloomberg survey forecast a deficit of $68.9 billion. America’s shortfall with the world has be...Read More
Consumer spending, business investment signal solid momentumDemand, inflation data likely keep Fed on track for rate hikesU.S. GDP Grows Below-Expectations at 2.6% in 4QThe U.S. economy expanded at a slower-than-projected pace in the fourth quarter on drags from trade and inventories, offsetting strength in consumer spending and business investment that signals solid momentum entering 2018.Gross d...Read More
Orders placed with U.S. factories fordurable goods increased in December by the most in six months,providing more evidence of a bustling industrial sector. Bookings for goods meant to last at least three yearsincreased 2.9 percent after a 1.7 percent advance in Novemberthat was larger than previously reported, data from the CommerceDepartment showed Friday. While orders for non-military capital go...Read More
Gold will do well this year but is not on a verge of a breakout, says Rick Rule, CEO of Sprott U.S. Holdings."Confidence in too many things is too high," Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "gold does well when people are afraid of other stuff." Rule is more upbeat on gold miners, despite miners having lagged physical gold last year. ...Read More
A rapidly increasing price level for gold may not be beneficial to investors, said best-selling author, Jim Rickards. $10,000 an ounce is "approximately the implied non-deflationary price of gold in a gold-backed monetary system," Rickards told Kitco News on the sidelines of the Vancouver Resource Investment Conference. Rickards noted, however, that gold at $10,000 levels may imply an increase...Read More
Adam HamiltonArchivesJan 26, 2018 Gold's strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout...Read More
The Dow Jones Industrial Average and the S&P 500 hit intraday highs on Friday, Jan. 26, after Donald Trump told CEOs and world leaders gathered in Davos, Switzerland, that the U.S. was "open for business and we are competitive once again." Trump, in his keynote address Friday at the World Economic Forum, said the U.S. supported free trade "but it needs to be fair and it needs t...Read More
U.S. President Donald Trump said Friday there's a "good chance" he'll be able to renegotiate the North American Free Trade Agreement and that he'd be open to joining a new Pacific trade agreement if the terms were "substantially better" for the United States. In remarks released from an interview with CNBC television at the World Economic Forum in Davos, Switzerland, Trump also insisted that no...Read More
European stocks rebounded Friday as the U.S. dollar bounced from its recent three-year lows and Asia markets extended their winning streak to an eleventh consecutive session ahead of President Donald Trump's much-anticipated keynote address to the World Economic Forum in Davos. U.S. equity futures are also indicating another solid start to the trading day on Wall Street after record closing high...Read More
Stocks are rising to fresh records early this morning thanks in part to strong earnings and anticipation of key economic data set to hit the wire before the morning bell.The unprecedented performance of the major averages is the worst-kept secret of 2018. So we're going to look beyond the Dow and S&P this morning and examine some of the powerful forces moving the markets this week.Let's dive r...Read More
Wall Street's top analysts have done it again, putting their reputations on the line to guess where the S&P 500 will end the year.Here are some of the top predictions...The S&P started the year at 2,695, and Wall Street has declared that the bull market will continue marching on!The consensus expects growth of 8.66% in 2018.If Wall Street says so, it has to be accurate. Right?Not so fast.Y...Read More
Gold price made an incredible run to break out of its one-year high of late.The run is mostly due to the U.S. dollar's weakness. I'm still in the bull camp on the dollar's long-term prospects and believe that it will bounce back strong.Gold and gold miner charts showed that their pullbacks will be imminent.This idea was discussed in more depth with members of my private investing commu...Read More
Price DataSymbolDatePriceASX:AZM01/25/2018AUD0.04Alert me when stock is updatedQuick LinksLogin to accessDescriptionAzumah Resources Ltd. are a gold focused junior, late stage development companyLogin to access Don's SummaryGeneral DetailsFinancial01/27/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (Fully Diluted):$22.05M$22.05M01/27/2018$0.00MTotal Assets:$3.57M$3.57M01...Read More
Crude oil prices dropped from $110 a barrel in the summer of 2014to about $30 in January 2016. The effect on oil producers and oil-producingcountries was dramatic. The Russian ruble plunged, and the Canadian dollar slipped to below 70 cents US for thefirst time since 2003, kicking the country intorecession and snuffing out the oil boom in Alberta. Many foreign companiesoperating in the high-cost C...Read More
Our proprietary cycle indicator is up.To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.InvestorsDuring a major buy sign...Read More
January performance bodes well for gold and silver...There are many market historians and technical analysts that like to assess the outlook for stocks based upon the "January Barometer" which, in its most rudimentary definition, says that "as January goes, so goes the market" for the rest of the year. However, the late Richard Russell had it down to a science as he broke January down into segment...Read More
Click Here to Listen to the InterviewGerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, r...Read More
The ECB's was forced to suspend its new stricter credit rules indefinitely concerning bad loans. The banks were screaming "you idiot" for it Continue...Read More