"Instead of buying low and selling high, you're buying high and crossing your fingers." Bill Gross is the Lead Portfolio Manager of the Janus Global Unconstrained Bond strategy and is a member of the Janus Global Macro Fixed Income leadership team. Mr. Gross also serves as an integral member of the Janus Capital Group Global Allocation Committee focused on the expansion of their global asset alloc...Read More
Former presidential candidate Ron Paul on the Trump administration's push to replace ObamaCare.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
Polishing cloth"The desire for gold is the most universal and deeply rooted commercial instinct of the human race." So said Gerald M. Loeb, founding partner of Wall Street brokerage E.F. Hutton & Co. and "the most quoted man on Wall Street" according to Forbes, in his 1935 book The Battle for Investment Survival.Investors seem to agree, of late; spot gold today rose to its highest levels since Nov...Read More
* Dollar/yen's slide deepens as equities turn bearish* Dollar index struggles near 7-mth lows as US yields fall further* Euro's advance vs dollar limited before Thursday's ECB decision By Shinichi SaoshiroTOKYO, June 7 (Reuters) - The dollar wallowed near a six-week low against the safe-haven yen on Wednesday, with traders cautious ahead of Britain's general election, a European Central Bank poli...Read More
British Prime Minister Theresa May is on track to win a 64-seat majority in Thursday's national election, a model by businessman and former Conservative Party donor Michael Ashcroft showed on Tuesday.Ashcroft, who has funded a significant amount of opinion polling in recent years, said his model now pointed to a greater majority for May's Conservatives than it had on June 2, when it indicated a ma...Read More
By David Lawder | WASHINGTONThe U.S. and Mexican governments reached a new agreement to significantly shift their sugar trade mix, but U.S. sugar producers have failed to endorse the deal, leaving question marks over whether it could still sour broader trade relations.U.S. Commerce Secretary Wilbur Ross said the "agreement in principle" with Mexican Economy Minister Ildefonso Guajardo calls for Me...Read More
President Donald Trump had a brief message for former FBI Director James Comey on Tuesday ahead of Comey's Thursday testimony to the U.S. Congress on his conversations with Trump about Russia."I wish him luck," Trump told reporters as he met with Republican congressional leaders.(Reporting By Steve Holland; Editing by Phil Berlowitz) Disclaimer: The views expressed in this article are those of th...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
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
Former U.S. President Barack Obama is still optimistic about the Paris climate agreement, despite Trump walking away from it last week, he told a sold-out crowd Tuesday.Speaking to the Board of Trade of Montreal, Obama said: "In Paris, we came together around the most ambitious agreement in history to fight climate change. An agreement, even with the temporary absence of American leadership, will...Read More
June 7 (Reuters) - For other diaries, please see:Top Economic Events Polling unit diary Today in Washington Political and general news DATECOUNTRYAUCTION DETAILS7-JunGermanyAuction of 5-year Federal notes7-JunSweden Auction of Treasury bills7-JunJapan6-month discount bill auction8-JunSweden Auction of inflation-linked government bond8-JunJapan3-month discount bill auction8-JunJapanAuction of 5-yea...Read More
June 6 (Reuters) -For other diaries, please see:Top economic events Government debt auctions Political and general news events Index of all diaries Guide to economic indicators -----------------------------------------------------------This Diary is filed daily.** Indicates new events. -----------------------------------------------------------WEDNESDAY, JUNE 7** BANGKOK - Bank of Thailand release...Read More
June 7 (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----------------------------------------------------------- WEDNESDAY, JUNE 7HAMBURG, Germany - G20 leaders meet for International summit in Hamburg (to Jun...Read More
British election, Comey testimony, Qatar crisis aiding demandPrecious metal has risen this year as dollar extends declineAnalyst Sees 'Caution Trade' Pushing Gold to $1320Gold is taking aim at $1,300 an ounce. The metal has rallied to the highest since November as investors position themselves for the outcome of the U.K. election and potential drama of former FBI Director James Comey's testimony,...Read More
June 7 (Reuters) - Australian telecoms company Vocus Group Ltd said on Wednesday it received an indicative takeover offer from private equity firm KKR & Co LP which valued the company at A$2.2 billion ($1.65 billion).Vocus said KKR made a non-binding indicative offer to buy all its shares for A$3.50 in cash, a 22 percent premium to the stock's closing price the previous day. The Sydney-listed take...Read More
Prepare for some "fireworks" in the metals markets this summer, this according to one NY-based analyst at Bloomberg Intelligence."With 60-day index volatility at 10% -- the lowest since the 10-year bottom in 2014 at 9% -- the stage could be set for the next breakout move in metals," noted Mike McGlone, Bloomberg Intelligence commodity analyst, in a report Tuesday."A ho-hum May is pressuring volati...Read More
BRASILIA, June 6 (Reuters) - Braskem SA , Latin America's largest petrochemical company, said on Tuesday that it had obtained approval from a Brazilian court for its leniency deal in a corruption case involving political kickbacks at Brazil's Petrobras .Braskem said in a securities filing that decision completes approval for its global leniency accord with U.S., Swiss and Brazilian authorities. Br...Read More