The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More
Gold prices have been on a tear since Bitcoin fell $4,300 from its all-time high of more than $19,000 in mid-December.Since Dec. 11, the price of an ounce of gold has climbed from $1,242 to $1,313 today (Jan. 9), for a gain of 5.72% over one month.And this run-up is just the beginning to a gold bull market.In fact, Money Morning Resource Specialist Peter Krauth believes gold prices will rise to...Read More
The following is a summary of our recent podcast interview with Gary Dorsch on Stocks, Commodities, which can be accessed on our site here or on iTunes here. We've witnessed remarkable stock market performance in the last year and a half, with the Dow Industrials and S&P 500 not experiencing a 3 percent or greater pullback during this parabolic rally. "This has never h...Read More
Impressive Economic AccelerationOur theme for 2018 is for an even stronger economy accompanied by slowing stock market growth as compared to 2017. Much of the slow recovery since 2009 has been on the backs of the consumer without the normal contribution of Investment Spending and Exports. The new expansion cycle we entered in 2016 appears to have sparked a return of more normal...Read More
By Ira EpsteinStrong US Dollar and rising interest rates pressure gold lower.https://www.iraepstein.com/ Read More
Max interviews Karl Denninger of Market-Ticker.org about the markets in 2019 - can the Fed put lipstick on the market pig? They also discuss tech stocks, US Treasuries, the US dollar and more.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for...Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More
Will we see a "Fed rally" in 2018?U.S. yield curve has flattened to a level not seen since 2007.Inflation could be a lot hotter than we realize. The price of gold and gold mining stocks was very competitive in 2017. The yellow metal ended the year up a little more than 13 percent -its best year since 2010 - while gold stocks, as measured by the NYSE Arca Gold Miners Index, gained more than 11 perc...Read More
(Kitco News) - Gold saw a modest drop during the Asian trading hours on Tuesday after the U.S. Dollar Index reported gains in the previous North American session.Spot gold on Kitco.com was last seen trading at $1,316.70, down 0.23% on the day.Kitco’s senior technical analyst, Jim Wyckoff, pointed out that U.S. stock indexes saw gains on Monday and hit new record highs, which served as a...Read More
CloseGain/LossGold $1320.00-$0.50Silver$17.12-$0.08XAU86.29-1.26%HUI194.89-1.64%GDM656.05-0.87%JSE Gold1319.12-3.59USD92.34+0.37Euro119.67-0.75Yen88.47+0.04Oil$61.73+$0.2910-Year2.479%+0.002T-Bond151.8125UNCHDow25283.00-0.05%Nasdaq7157.39+0.29%S&P2747.71+0.17% The Metals: Gold fell $5.70 to $1314.80 in Asia before it bounced back to $1321.00 in London and then drifted back lower in morning...Read More
- Gold currently undervalued- Since 2000, the gold price has beaten the S&P 500 Index- A 'a once-in-a-decade opportunity' as gold-to-S&P 500 ratio is at its lowest point in 10 years.- Reached 'peak gold' as exploration budgets continue to tighten- $80 trillion sits in global equities, a 'ticking time bomb'- Gold remains an appealing diversifier in the current environment of high valuations and...Read More
SHANGHAI, Jan 9 (Reuters) - China's central bank said it will skip open market operations for the 12th straight trading day on Tuesday as liquidity levels in the banking system were "appropriate".On a net basis, the People's Bank of China (PBOC) will drain 130 billion yuan ($20.01 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Tuesday.Th...Read More
LONDON, Jan 9 (Reuters) - British companies hired permanent staff last month at the fastest rate since August, pushing up starting salaries, recruiters said on Tuesday.The figures from the Recruitment and Employment Confederation contrast with the latest official data, which showed a fall in the number of people in work and sluggish pay growth during the three months to October.The REC said demand...Read More
* Euro below $1.20 on profit-taking after record long positions* Dollar still hampered by doubts over Fed rate hike scenario By Hideyuki SanoTOKYO, Jan 9 (Reuters) - The euro languished on Tuesday after slipping from last week's high as investors were cautious after a months-long rally, while the dollar firmed against the yen though a lack of catalysts tempered its momentum.The euro traded at $1....Read More
NEW YORK, Jan 8 (Reuters) - Two U.S. companies withdrew proposals to launch bitcoin-based exchange-traded funds pending before the Securities and Exchange Commission (SEC) on Monday, citing ongoing concerns by the regulatory agency, filings showed.Staff at the SEC "expressed concerns regarding the liquidity and valuation" of futures based on the digital assets, according to one of the fi...Read More
Yellow metal steady, hovering near $1320. Gold uptrend intact. The yellow metal continues to move sideways on Monday, near the 3-month high it reached last Thursday at $1,326/oz. Price has been consolidating between around $1,318 during the American session. Price bottomed earlier today at $1,314.50 and then rebounded but if failed to rally on top of $1,320. The bullish tone re...Read More
SYDNEY, Jan 9 (Reuters) - Australian job advertisements in newspapers and on the internet fell in December after a couple of months of solid gains, a survey showed on Tuesday, suggesting some cooling in what has been a very strong labour market.A monthly survey by Australia and New Zealand Banking Group showed total job advertisements dropped 2.3 percent in December, from November when they rose 1...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.5 pct, CSI300 +0.5 pct, HSI +0.3 pct* HK->Shanghai Connect daily quota used 5.7 pct, Shanghai->HK daily quota used 24.9 pct* HK->Shenzhen Connect daily quota used 9.1 pct, Shenzhen->HK daily quota used 10.5 pct* CNY official close 6.4984 per dollar* FTSE China A50 +0.3 pct, BNY Mellon ADR China Select Index +0.6 pct SHANGHAI, Jan 9 (Reuters)...Read More
Jan 9 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS9-JanUnited States Sale of 3-year notes9-JanUnited KingdomAuction of 1 1/4 % Treasury Gilt 20279-JanNetherlands DSL auction9-JanBelgium Auction of Treasury bills10-Jan United States Sale of 10-year notes10-Jan Japan 6-month discount bill...Read More