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
Full Article: Is $1,300 Gold a Viable Target?By: Peter HugMetals spiked to the target we suggested a mere five trading days ago and gold sits at a crucial pivot of $1,278, which if breached on a close basis suggests $1,300 is a viable next target. Since the "crash" three weeks ago, which saw gold test $1,210 and silver flirt with the low $16's, retail investors have been overall net sellers into...Read More
Full Article: India To Hit Gold Market With 3% Tax On July 1By: Anna GolubovaIndia will be rolling out a new 3% nationwide sales tax on gold and gold jewelry as soon as July 1, this according to the country's GST Council, which met during the weekend to finalize the numbers."We finally reached a consensus of taxing gold at 3 percent," Finance Minister Arun Jaitley told media outlets in New Delhi...Read More
Jun 07, 2017 Guest(s): Gary Wagner The gold market saw additional selling pressure in late-afternoon trading Wednesday, following the early release of former FBI director James Comey's testimony scheduled for Thursday. However, to technical analyst Gary Wagner, this knee-jerk reaction is a necessary correction in gold's overall rally. We might go into period of consolidation but overall I am bu...Read More
Jun 07, 2017 Guest(s): Frank Holmes Despite a drop in late trading, gold prices managed to rally to seven-month highs Wednesday, trading near that key $1,300 level. The mining stocks, on the other hand, seem to be lagging a little behind. However, fund manager and U.S. global investors CEO Frank Holmes says he isn't concerned, calling some gold stocks great buys' at the moment. It is so easy fo...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
Jun 08, 2017 Ever wonder what it would be like to be in a room with some of the mining greats? To have a candid conversation about precious metals with them? Well, wonder no more. In collaboration with Kitco News & Kitco Insider, Northern Miner is offering access to its exclusive event - the Canadian Mining Symposium - which took place on May 9 in London, England. The event takes a deep dive into...Read More
LONDON, 6 June 2017 - Global news and data providers Bloomberg today name BullionVault as "the largest online platform for trading physical gold."The news-wire reports on growing demand for secure storage of precious metals. It shows BullionVault as the lowest-cost choice.A "pick-up in inflation across Europe" has increased demand for gold and silver storage, says Bloomberg, adding that "turbulent...Read More
* Dollar/yen slips below 110.00 to 6-week low* Caution begins to mount ahead of UK elections, Comey testimony* Aussie slips after current account data disappoints, awaits RBA* RBA widely expected to stand pat, focus on its economic view (Updates throughout)By Shinichi SaoshiroTOKYO, June 6 (Reuters) - The dollar hit a six-week low against the safe-haven yen on Tuesday as caution mounted ahead of B...Read More
By Cecile LefortSYDNEY, June 6 (Reuters) - The Australian dollar slipped on Tuesday after bulls were wrong-footed by a larger-than-expected current account deficit, while the New Zealand dollar scaled a three-month peak.The Australian dollar was down around 20 ticks at $0.7467 and away from Monday's high of 75 cents. Support was found around $0.7445.It dropped a third of a U.S. cent to $0.7458 aft...Read More
June 6 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0205 GMT.CURRENCIES VS U.S. DOLLARChange on the day at 0205 GMTCurrency Latest bid Previous dayPct Move Japan yen109.840110.45+0.56 Sing dlr 1.3801.3814+0.10 Taiwan dlr 30.076 30.090+0.05 Korean won*1118.300 1121.8+0.31 Baht 33.985 34+0.04 Peso 49.410 49.4-0.02 Rupiah 13285.000 13285+0.00 Rupee64.35564.36...Read More
By Nichola Saminather | SINGAPOREAsian stocks retreated on Tuesday after Wall Street's stumble overnight, while oil inched up from the previous day losses as lower Libyan oil production assuaged concerns that the severing of ties with Qatar by other Arab states could impede a deal to cut crude output.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.2 percent in early...Read More
June 6 - Gold held steady early Tuesday, hovering close to a more than six-week high hit in the previous session, on weaker Asian stocks and amid tapered expectations for aggressive U.S. rate hikes this year.FUNDAMENTALS* Spot gold rose 0.1 percent to $1,280.60 per ounce at 0105 GMT. On Monday, it hit a peak of $1,283.27 an ounce, its highest level since April 21.* U.S. gold futures for August del...Read More
By Elias Biryabarema | KAMPALA, JUNE 5Widespread corruption at the Ugandan government's mines department, including using bribes to secure licences, is stifling investment in the sector and eroding benefits for Ugandans, a human rights group said on Monday.London-based Global Witness said it had conducted an 18-month investigation that uncovered evidence of bribery at the Directorate of Geological...Read More
By Tom Westbrook | SYDNEYAustralian Prime Minister Malcolm Turnbull said on Tuesday police were treating a deadly siege in the southern city of Melbourne as an "act of terrorism" after a claim by the Islamic State group that one of its fighters was the gunman responsible.Police shot dead gunman Yacqub Khayre on Monday after he held a woman hostage inside an apartment building in Melbourne, Austral...Read More
Gold will test the next key level of $1,300 if the Federal Reserve "remains cautious" at its upcoming June meeting, TD Securities said in a report."If the Fed maintains their stance that another hike is still in the cards then gold could run out of steam, but should they remain cautious, as we believe they will, gold could move higher and test the $1,300 level once again," TD Securities' global he...Read More
SHANGHAI, June 6 (Reuters) - China's central bank has not conducted open market operations so far on Tuesday morning, traders said.A total of 60 billion yuan ($8.82 billion) in reverse repos is due to mature on Tuesday.The People's Bank of China injected a net 30 billion yuan into the money market last week. ($1 = 6.8030 Chinese yuan) (Reporting by the Shanghai Newsroom) Disclaimer: The views exp...Read More