Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort301,86390,15273,170158,202390,709533,235554,031Change from Prior Reporting Period 12,7024,2793,9008,10320,33924,70528,518Traders19091904457270206 Small Speculators LongShortOpen Interest 49,09828,302582,333 2,173-1,64026,878 non reportable positionsChange from the previous report...Read More
By Gary SavageToday's video looks at the recent price action in gold and miners with a detailed analysis of the trading difficulties confronting one's human nature. https://blog.smartmoneytrackerpremium.com/ Read More
Gold bullion tends to rise January and February before Chinese New Year (see table)Gold is nearly 8% and $100 higher since Fed raised rates one month agoOptions traders are bullish and suggest gold has room to run (see chart)Nervous in short term, positive in medium term - gold at $1,500 in 2018From Bloomberg:Gold's breakneck rally eased this week, but tailwinds in both physical and paper marke...Read More
Key event details:The evolution of gold and its future 21st January 2018 15.05-15.25Aram Shishmanian, CEO, World Gold CouncilStructural changes in the global gold marketKey drivers of demandImplications for the sustainability of the Italian jewellery market Read More
Following the dismissal by a U.S. court of Crystallex's lawsuit against asset transfers by Venezuelan-owned refiner Citgo, the Canadian company announced that it has requested a new hearing.According to Venezuelan media, the miner filed the new request before the 3rd U.S. Circuit Court of Appeals earlier this week. The company alleges that the South American country is performing "fraudulent trans...Read More
Jan 20 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 22-JanBelgium OLO auction23-JanUnited States Sale of 2-year notes23-JanSpain Auction of 3- and 9-month Treasury bills23-JanUnited KingdomAuction 0 1/8% Index-linked Treasury Gilt 202623-JanGermany Auction of 2-year Treasury notes24-JanU...Read More
Jan 20 (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 ----------------------------------------------------------- MONDAY, JANUARY 22** BRUSSELS - ECB President Mario Draghi and executive board member Benoit Coe...Read More
(Updates prices)By Bruno FederowskiBRASILIA, Jan 19 (Reuters) - Brazilian stocks hovered near all-time highs on Friday as optimism over the country's economic prospects sustained demand for local assets, while hopes of a tie-up with Boeing Co boosted shares of Embraer SA .The benchmark Bovespa stock index rose 0.32 percent, hitting an intraday record of 81,429. The bourse was supported by blue chi...Read More
(Adds American Express in paragraph 8)By Caroline ValetkevitchNEW YORK, Jan 19 (Reuters) - The dollar's drop to three-year lows this week after prolonged weakness in 2017 is expected to further boost profits at big U.S. companies when investor optimism is already high over corporate tax cuts.Investors are keeping an eye out for signs of the dollar's impact on company earnings as fourth quarter re...Read More
(Updates prices to close)* TSX closes up 68.99 points, or 0.42 percent, at 16,353.46* Nine of the index's 10 main groups end higher* Financials climb 0.6 percent, industrials gain 1.2 percent TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday in a broad-based rally led by financial and industrial shares, while lower oil prices weighed on energy stocks.* The Toronto Stock Exchan...Read More
BUENOS AIRES, Jan 19 (Reuters) - Argentina's Bolsas y Mercados Argentinos SA exchange operator said on Friday it would end an agreement that connects its trading and settlements systems with the ROFEX futures exchange, a move traders said could reduce market liquidity.In a letter to the Buenos Aires stock exchange, BYMA said it notified ROFEX that the termination of the deals signed in 2014 and 20...Read More
(Updates market and adds detail on looming U.S. government shutdown)By Noel RandewichSAN FRANCISCO, Jan 19 (Reuters) - Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc , Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering.Wall Street on Friday shrugged off a looming U.S. government sh...Read More
* No deal on funding bill after Trump, Schumer meet* 10-year Treasury yields highest since Sep 2014* Euro zone stock index hits 10-yr high (Updates with 10-yr Treasury yield hitting 3-1/2 yr high)By Chuck MikolajczakNEW YORK, Jan 19 (Reuters) - World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury...Read More
(Adds details, table, graphic, byline)By Saqib Iqbal AhmedNEW YORK, Jan 19 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market spec...Read More
Stocks finished a seesaw session higher, with the S&P and Nasdaq picking up record highs, with help from a rally in the chip sector. Traders ultimately brushed off fears of a possible government shutdown this weekend, as the Senate showed no signs of passing a budget agreement. Even the Dow ended the day in the black, shrugging off earnings disappointments from IBM Corp (IBM) and American Express...Read More
* No deal after Trump, Schumer meet* 10-year Treasury yields highest since Sep 2014* Euro zone stock index hits 10-yr high (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 19 (Reuters) - World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued t...Read More
TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday in a broad-based rally that was led by financial and industrial shares, while lower oil prices weighed on energy stocks.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 68.99 points, or 0.42 percent, at 16,353.46. Nine of the index's 10 main groups ended higher. (Reporting by Fergal Smith Editing by...Read More
SAO PAULO, Jan 19 (Reuters) - Brazil state-controlled oil company Petroleo Brasileiro SA and construction conglomerate Odebrecht SA have agreed on a transaction to migrate all Braskem shares into a single class of stock, the oil company said in a securities filing on Friday.Petrobras said the objective is to improve Braskem's corporate governance through the transaction. Currently, Braskem has com...Read More
Gold mining stocks lagged behind gains for the precious metal last year, but they could overtake the gold rally in 2018. "Gold miners have been underperforming gold for the last several years, which is not unusual during a bear market or falling price," said Peter Spina, president and chief executive officer of GoldSeek.com. "But over the prior few years as gold has moved hundreds of dollars off...Read More
Jan 19 (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.The Dow Jones Industrial Average rose 53.71 points, or 0.21 percent, to 26,071.52, the S&P 500 gained 12.28 points, or 0.44 percent, to 2,810.31 and the Nasdaq Composite added 40.33 points, or 0.55 percent, to 7,336.38. (Reporting By Sinead Carew Editing by Chizu Nomiya...Read More