* SSEC -0.2 pct, CSI300 +0.1 pct, HSI +0.4 pct* China May data expected to show stable economic growth* Evergrande shares hit record high after bond redemption plan SHANGHAI, June 6 (Reuters) - China stocks were flat in subdued trade on Tuesday morning, as investors pondered the impact of new regulations on initial public offerings and awaited a flurry of Chinese economic data. The CSI300 index r...Read More
MANILA, June 6 (Reuters) - The Philippine government expressed concern over several Arab powers breaking off diplomatic ties with Qatar, saying this may have "ripple effects" on Filipinos working overseas."Concerned government agencies are looking at the matter and will extend assistance and other support for OFWs (Overseas Filipino Workers) who may be affected by such action." Ernesto Abella, pre...Read More
SYDNEY, June 6 (Reuters) - Australia's central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signalled a steady outlook for much of the year ahead.The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 68 analysts had found all but one expected a steady outcome this week. (Reporting...Read More
* Dollar hits seven-month low against basket of currencies* Palladium hits fresh high since Sept. 2014* Silver marks highest since April 25 (Updates prices, adds quote)By Vijaykumar VedalaBENGALURU, June 6 Gold touched its highest innear seven weeks on Tuesday as Asian stock markets and thedollar weakened ahead of a UK national election and a EuropeanCentral Bank meeting due later this week. James...Read More
The European Central Bank meeting next week will shed more light on their expectations for the current quantitative easing program.The UK election could create additional volatility and if there is an upset, the pound could depreciate heavily.The May jobs report showed a wide miss versus expectations, however a rate hike is still on for the June FOMC.Investors should continue to retain their hedge...Read More
Roxgold achieved commercial production at the high grade gold Yaramoko mine in 2016 and is now raking in the first profits and paying back debt.The company has a P / 2017E CF of 5.0 and P/E of 24.3 and it plan to grow production 50% in 2019.Burkina Faso is a reliable jurisdiction and Roxgold could be a possible acquisition target as the region is subject to intense M&A activity.Based on my valuati...Read More
(Kitco News) - World stock markets were mostly weaker overnight and U.S. stock indexes are also pointed toward slightly lower openings when the New York day session begins. There is a bit of risk aversion in the marketplace early this week, ahead of key happenings later this week. Also, with many stock indexes around the world at or near record or multi-year highs, there is some normal profit-tak...Read More
Please Note: There will not be any Gold Seeker reports for the next week or two. CloseGain/LossGold $1293.80+$14.20Silver$17.69+$0.12XAU87.39+5.13%HUI204.55+6.07%GDM661.77+4.62%JSE Gold1410.81+91.44USD96.54-0.27Euro112.79+0.21Yen91.37+0.87Oil$48.19+$0.7910-Year2.143%-0.037T-Bond156.375+0.71875Dow21136.23-0.23%Nasdaq6275.06-0.33%S&P2429.33-0.28% The Metals: Gold climbed higher throughout m...Read More
By Bill Holter As an addendum to yesterday's subscriber article, the topic of "time and sales" needs to be discussed. "Time and sales" is a very simple report that can be requested by literally anyone in any market. For example, when I was a young broker I had a large client who traded a minimum 10,000 shares at a clip. From time to time he would request a time and sales report to make s...Read More
Graceland Updates By Stewart Thomson 1. Gold is the world's ultimate asset, and another spectacular week is underway for investors. While May was mostly sideways (and lower for many gold stocks), it's starting to look like the month of June could be a serious "barnburner".2. Please click here now. Double-click to enlarge this daily bars gold chart.3. Gold tends to stage a de...Read More
By Clint SiegnerSeveral U.S. states and the federal government are hopelessly insolvent. It's something many bullion investors have known for years.The real question is when this reality will pierce the mainstream illusion that deficits, and the crushing pile of debt which accompany them, don't matter. That moment drew closer last week when ratings agencies downgraded Illinois state bonds to one...Read More
This post is a rehash of something I wrote at TSI last September in response to the article titled "The Gold Standard and Debt Jubilee". The article is a confused jumble of Marxist, biblical and capitalist ideas/assertions, but its gist is that we need both a debt jubilee and a gold standard. My views are that a gold standard is not a worthwhile objective and that a debt jubilee would be both an...Read More
By Frank HolmesSurprising no one, President Donald Trump announced his decision to withdraw the U.S. from the Paris climate agreement last week, highlighting the depth of his commitment to keep "America First." Also surprising no one, the media is making much of the fact that the U.S. now joins only Nicaragua and Syria in refusing to participate in the accord.Trump was under intense pressure fro...Read More
By Steve St. Angelo, SRSrocco ReportWell, it looks like the Wild West in Crypto-currency Land just got a lot more Wild. The Crypto-currency, CloakCoin, mentioned by Clif High during his interview with Greg Hunter on USAWatchDog shot up a stunning 300% in two days. Before Clif's interview was published, CloakCoin was trading a for a little more than a buck... $1.029. However, today, its tra...Read More
It's time to raise our sights, since AAPL has blown out of a consolidation pattern that took more than two weeks to create. My new rally target is 162.09, a Hidden Pivot resistance that will become an odds-on bet once AAPL has surpassed the midpoint pivot at 155.90 by perhaps $1.50 or closed above it for two consecutive days. This looks like such an easy romp that it's difficult to imagine the r...Read More
Gold Today -New York closed at $1,279.60 yesterday after closing at $1,278.20 Friday. London opened at $1,289.50 today. Overall the dollar was weaker against global currencies, early today. Before London's opening: - The $: EUR was slightly stronger at $1.1246 after yesterday's $1.1264: EUR1.- The Dollar index was slightly weaker at 96.73 after yeste...Read More
- Deposit bail in risk as stocks and bonds of Spanish bank - Banco Popular - crash- Banco Popular stock crashes most on record - down 63% this year to 34 euro cents- Spanish bank tells employees - "Don't panic"- Risk of Spanish banking crisis as Banco Popular credit curve inverts- Banco Popular needs to find at least EUR4 billion more capital - analysts- Deposits over EUR100,000 (euro) vulnerabl...Read More
Developments in Qatar will be closely watched. Energy is the root cause of all Middle East wars. After Qatar, Oman will be left. Oman could also start turning into a Yemen from next year. The so called energy war in the Middle East is a joint effort by the Saudi's and NATO to make new nations including expansion of Israel. Iran is a powerful nation and also has the support of Russia. The Syrian...Read More
Part 2Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition...Read More
Max & Stacy talk about a recent article published by the Intercept (read here) discussing Russian hacking of the 2016 presidential election and war between CIA and NSA.Read More