– Four key themes to drive gold prices in 2018 – World Gold Council annual review– Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018– Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010– “Strong gold price performance was a positive for investors and producers,...Read More
German metals distributor Kl??ckner made a 12.3% year-on-year increase in earnings over the full year of 2017 because of higher prices and efficiency measures, the company said on Wednesday February 28.Kl??ckner's earnings before interest, taxes, depreciation and amortization (Ebitda) rose to ?,?220 million ($269 million) in 2017, up from ?,?196 million in 2016.The increase was a result of interna...Read More
Glaring non-confirmations in the precious metals world...Dovetailing perfectly with my last missive entitled "Shenanigans", this week's COT report covers the period of February 13- 20th and is a classic example of price capping by the bullion banks. It ended on the day after President's Day with stocks coming off a nerve-rattling week and trying desperately to find their footing. It is no coincide...Read More
Remember the "tea party" revolt in 2009-2010 against government bailouts and government spending? Remember the "fiscal cliff" drama of Dec. 31, 2012, when Congress raised Continue...Read More
CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33% The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended...Read More
Plenty of conflicting factors in a busy offshore session. Trump to impose steel& aluminium tariffs ; Juncker responded , which spookedstocks & commodities, cautious Powell saw UST yields & USD slip .Stronger US inflation, softer consumer spending , soft Brexit looksunlikely , EZ PMIs resilient . S&P -1.3%, Vix +13% to22.5, EM ETFs -0.2%, Eurofirst 300 -1.3%. WTI trades -0.5%, coppe...Read More
Exporters of CIS-origin pig iron have increased their offer prices, citing rises in scrap prices, sources have told Metal Bulletin.Metal Bulletin's export price assessment on Thursday March 1 for high-manganese pig iron from the CIS region was $350-365 per tonne fob Black Sea, narrowing from $345-370 per tonne fob Black Sea a week earlierAfter several cargoes of Ukraine-origin pig iron were sold t...Read More
Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve's new chairman. What did you say - and what are the implications for the precious metals market?As We Warned, Powell Is More HawkishWe have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell could m...Read More
CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33% The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoo...Read More
"We have the strongest economy in 40 years, at full employment. The mood is euphoric. But it is unsustainable and comes with costs such as bubbles in stocks and credit,"Continue...Read More
Full Article: State Of The EconomyBy: Gary WagnerIn his first testimony to the Congress, Jerome Powell, the newly appointed chairman of the Federal Reserve, said that the economy was in fact normalizing. As such, he made it clear that in next month's FOMC meeting each member will reevaluate the current monetary policy as it reflects upon the number of interest rate hikes this year.In other words,...Read More
By David HaggithThe Federal Reserve is now hacking its own zombie recovery to death and eating it by reversing the actions it employed to create this artificially supported recovery. Each time the Fed unwinds its balance sheet, 10-year bond rates recoil, and the stock market dances along in countermoves and wild swings. The main theme of my blog has always been that the Fed's centrally planned e...Read More
The Federal Reserve is now hacking its own zombie recovery to death and eating it by reversing the actions it employed to create this artificially supported recovery. Each time the Fed unwinds its balance sheet, 10-year bond rates recoil, and the stock market dances along in countermoves and wild swings. The main theme of my blog has always been that the Fed's centrally planned economic recovery d...Read More
MEXICO CITY, March 1 (Reuters) - Mexico's lower house ofCongress approved a bill to regulate the fast-growing financialtechnology sector on Thursday, including crowdfunding andcryptocurrency firms, putting it among a small group ofcountries to establish regulation for the industry.The bill, which seeks to promote financial stability andprevent money laundering, was approved by Mexico's Senate inDe...Read More
Cranbrook, B.C., March 1st, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") has received notice from Aben Resources Ltd. (TSX-V: "ABN") confirming that permits are in place and camp construction has commenced on EPL's 100%-owned, 4,656 ha Chico Gold Project located 125km east of La Ronge, Saskatchewan and 40km south of SSR Mining's (formerly Silver Standard Resources) Seabee Gold Operation. Det...Read More
Popular financial data maven Lynette Zang, Chief Market Strategist at ITM Trading, returns to Reluctant Preppers to dive deeper into the DROPOFF CLIFF of INTER-BANK LENDING and why it offers us a CRITICAL SIGNAL of BANKING LOSS of TRUST. Zang answers viewer questions on WHO REALLY OWNS YOUR ACCOUNTS, whether the government FDIC insurance offers any real protection, and WHAT YOU CAN DO ABOUT IT whi...Read More
Turkish steel producers have continued to book deep-sea scrap for April while the prices were still rising, sources said on Thursday March 1.A steel mill in the Iskenderun region booked a Canadian cargo, comprising 30,000 tonnes of HMS 1&2 (90:10), 10,000 tonnes of shredded and 10,000 tonnes of plate and structural scrap (P&S) at an average price of $372...Read More
Dear Friend of GATA and Gold:Oh, for a journalist who would put a few serious questions to Franco-Nevada Chairman Pierre Lassonde, former chairman of the World Gold Council, when he says, as he told Daniela Cambone of Kitco News this week, that "gold is well-priced" and "where it should be."Does Lassonde mean that gold is doing as well as it could against the daily gold derivatives trading by cent...Read More
March 1 (Reuters) - SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.35 percent to 833.98 tonnes on Thursday from 831.03 tonnes on Wednesday.In terms of ounces, holdings rose to 26,813,431 ounces from 26,718,580.15. (Bengaluru Commodities desk) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitc...Read More
Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve's new chairman. What did you say - and what are the implications for the precious metals market? As We Warned, Powell Is More Hawkish We have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell c...Read More