For the third consecutive week, gold has rallied. This culminates with today’s nine dollar move, effectively taking prices above $1300 on a closing basis. Beginning in mid-December when the former correction ran its course, gold has closed higher week in and week out. The net result of this rally, when added to gains realized in 2017, is a 13% increase in value.While a 13% price gain is abso...Read More
* Factory growth eases slightly as expected but still solid* Confirms view of gradual economic slowdown, not a sharp one* Smog war, cooling property weigh, but exports picking up* Service sector growth remains robust (Adds details of output trends, new orders, prices, CFLP estimate of 2017 growth)By Ben Blanchard and Elias GlennBEIJING, Dec 31 (Reuters) - Growth in China's manufacturing sector slo...Read More
BEIJING, Dec 31 (Reuters) - Growth in China's manufacturing sector slowed slightly in December as a crackdown on air pollution and a cooling property market weigh on the world's second-largest economy.The official Purchasing Managers' Index (PMI) released on Sunday dipped to 51.6 in December, compared with 51.8 in November. But it remained comfortably above the 50-point mark that separates growth...Read More
(Repeats to attach to alert)BEIJING, Dec 31 (Reuters) - Growth in China's manufacturing sector slowed slightly in December as a crackdown on air pollution and a cooling property market weigh on the world's second-largest economy.The official Purchasing Managers' Index (PMI) released on Sunday dipped to 51.6 in December, compared with 51.8 in November. But it remained comfortably above the 50-poin...Read More
BEIJING, Dec 31 (Reuters) - Growth in China's services industry picked up in December, an official survey showed on Sunday, as the sector continued to show solid expansion.The official non-manufacturing Purchasing Managers' Index (PMI) rose to 55 from 54.8 in November.China's leaders are counting on growth in services and consumption to rebalance their economic growth model from its heavy reliance...Read More
(Adds details, context)GOMA, Democratic Republic of Congo, Dec 30 (Reuters) - Democratic Republic of Congo's government on Saturday ordered telecommunications providers to cut internet and SMS services across the country ahead of planned anti-government demonstrations.Grassroots Catholic activists have called for marches in major cities on Sunday to demand that President Joseph Kabila commit to n...Read More
TBILISI, Dec 30 (Reuters) - Georgia's economy expanded by 4.8 percent year-on-year in the first 11 months of 2017, official data showed on Saturday, up from 2.4 percent in the same period of 2016.Economic growth accelerated thanks to higher exports and remittances from abroad.In November alone, gross domestic product grew by 3.7 percent after expanding 5.7 percent in October. In November a year ag...Read More
FRANKFURT, Dec 30 (Reuters) - The man in charge of carrying out the European Central Bank's bond purchases sees "a reasonable chance" the 2.55 trillion euros stimulus programme will not be extended again when it expires in September, he told a Chinese financial magazine.Benoit Coeure, the ECB board member in charge of its market operations, was once a key supporter of President Mario Dra...Read More
BUCHAREST, Dec 30 (Reuters) - Romania plans to sell 4.5-5.0 billion euros of eurobonds on the international markets and an indicative 48-50 billion lei of domestic debt next year, the finance ministry said on Saturday.The external borrowings level would depend "on the developments, conditions and opportunities offered by these markets," it said. If conditions were favourable, the ministr...Read More
2017 is almost over. What did we learn about gold during this time?Gold May Prosper in Good TimesFirst, gold may shine in unpleasant macroeconomic outlook. Generally, gold performs the best during economic slowdown or turmoil. In 2017, the economic conditions were far from recessionary climate. Global economic growth accelerated and became more synchronized among countries. The U.S. economy perfor...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
Private Blog – The Closings for 2017Read More
Gerald 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, rigid ideology or conventional wisdom,...Read More
We rang in 2017 predicting that it would be the year of TRUTH BOMBS, and Bill Holter joins SGT Report once again to ring in the new year. Bill predicts 2018 will be the year of the PERP WALKS. Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked a...Read More
The western Canadian province of Alberta is planning to give police the power to charge charge drunk drivers in a move that is being blasted by defense attorneys.Continue...Read More
The sale of marijuana for recreational is now legal in California, but what does that mean for air travelers who attempt to bring small amounts of marijuana with Continue...Read More
The investigation into possible collusion between Trump presidential campaign and Russia was reportedly begun by a conversation Continue...Read More
Click Here to Listen to the InterviewAs we wrap 2017 and look toward 2018, the topics are:Interest rates, QE and the global bond marketThe accelerating movement toward de-dollarization and risks to the petrodollarHow geo-politics and war are impacted by #2 aboveClick Here to Listen to the InterviewJim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in S...Read More
While bitcoin dominated the headlines of 2017, many altcoins have far surpassed it in terms of gains against the US dollar. Furthermore, fees for transactions on the bitcoin network have increased to three or four dollars' worth of coin a piece, sometimes more. Add to this the fact that the average person can hardly afford more than a few hundredths of a bitcoin or less, and it's not difficult...Read More
(Adds context, detail from PBOC release)BEIJING, Dec 30 (Reuters) - China's central bank said it will gradually raise the reserve funds ratio of third-party payment firms to 50 percent by April 2018 from a current rate of 20 percent, as it continues to ramp up regulation of the industry. The bank will increase the rate by 10 percentage points a month from February to April, it said in a statement...Read More