- Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England- Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil- Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes- Central bank gold purchases continue to be major drivers of gold market- Russian central bank gold reserves now exceed th...Read More
WASHINGTON (Reuters) - CIA Director Mike Pompeo, if confirmed as the next secretary of state, would bring a number of assets to his new role as the top U.S. diplomat: the confidence of President Donald Trump, government experience and an insider’s knowledge of Congress and the federal bureaucracy.Trump on Tuesday said he had selected Pompeo, a 54-year-old conservative Republican who has serv...Read More
For those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I also believe that GDX can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to...Read More
LONDON, 3 March 2018 - Renowned US investment magazine Barron's today quotes BullionVault analysis in a report on the outlook for silver prices."Silver's failure to rise with gold so far in 2018 means that silver is touching extreme levels in terms of the yellow precious metal," the magazine quotes Adrian Ash, director of research at BullionVault, online.Priced in silver, gold is now "very nearly...Read More
By George SmithI have never met Gary North and probably never will. Yet, through his writings he has had a far-reaching influence on my thinking, especially with regard to government and economics. He runs a membership website, GaryNorth.com. For $14.95 a month you get access to everything on the site, including four daily articles that he writes six days a week and posts while most people...Read More
The economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED.In the last 24 hours we've seen:Core inflation rose 2.2% year over year for the month of February.Media one-year inflation expectations rose to 2.83% from 2.71%Wage data rose at an annualized pace of 3% over the last three months.The markets have already taken note, w...Read More
It seems there are buyers on dips in gold and silver as focus is on global trade wars. The US dollar has not gained significantly despite robust job creation. Today's USA session is very crucial for gold and silver and the US dollar. There can be three percent either side move anytime. Today's close will set up the trend till the FOMC meet next week. Physical buyers as well as gold and silver...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts a rise in special steel long product demand and prices in 2018, the company said after reporting successful results for 2017.Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts demand and price growth for special steel long products in 2018, the company said after reporting successful result...Read More
The past 18 months have been difficult for precious metals investors. If you had known Donald Trump would be elected and the US Dollar would soon begin a nearly 15% decline, you would have expected Gold to blow past its 2016 high. You would have been shocked to see the gold miners and junior gold stocks trading lower. Gold has fared okay but the gold stocks and Silver have lagged. As US equities h...Read More
LONDON, 28 February 2018 - Analysis from BullionVault is quoted today by global data and news providers Bloomberg in a feature on what's driving gold prices in early 2018.Also quoting analysis from global investment bank giants Goldman Sachs and J.P.Morgan, "Gold can rise during rate hike cycles," says Bloomberg, contrasting conventional wisdom with the metal's solid gains during the US Federal Re...Read More
If you're getting the sense that stocks always go up, that's because they've been doing so for a really, really long time. From CNBC today: On the bull market's ninth birthday, here's how it stacks up against historyo The Dow has quadrupled during the bull market, which turned 9 on Friday.o This is the biggest and longest bull market for the Dow post-WWII, according to Leuthold Group.The bullish...Read More
NEW DELHI (Reuters) - India’s ambition to become a major steel exporter could be disrupted by U.S. import curbs, Steel Minister Chaudhary Birender Singh said, underscoring the need for free trade.“Our exports have increased substantially, about 40 percent growth during January to December (2017),” Singh told Reuters in an interview on Tuesday.“What I foresee is that our exp...Read More
As the world transitions from deflation to inflation, investors need to engage in serious sector rotation or they risk being left behind.Income growth in China/India, US government tax cuts, central bank rate hikes, and quantitative tightening are the main fundamental forces of this transition.The paint is barely dry on Trump's first tranche of tax cuts, and he's already talking about round two!Tr...Read More
The economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED.In the last 24 hours we've seen:Core inflation rose 2.2% year over year for the month of February.Media one-year inflation expectations rose to 2.83% from 2.71%Wage data rose at an annualized pace of 3% over the last three months.The markets have already taken note, w...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar Turkey, export, rebar, offered at $615-620 per tonne cfr on theoretical weight basis, to...Read More
CloseGain/LossGold $1325.80+$2.10Silver$16.57+$0.02XAU79.70+0.04%HUI174.25-0.09%GDM606.84-0.03%JSE Gold1090.13-15.81USD89.74-0.14Euro123.90+0.48Yen93.88-0.18Oil$60.71-$0.6510-Year2.847%-0.020T-Bond145.15625+0.40625Dow25007.03-0.68%Nasdaq7511.01-1.02%S&P2765.31-0.64% The Metals: Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and...Read More
(Kitco News) - Gold could return back to its $1,300 barrier before going back up to $1,350 later this year, according to TD Securities.“Gold is currently trading around $1,320/oz, with the 10yr yield near 2.9% and the DXY above 90, it appears as though the yellow metal may look to test $1300/oz as we approach the March 21st FOMC meeting,” Bart Melek, head of commodity strategy with TD...Read More
LONDON, 28 February 2018 - Analysis from BullionVault features today in the print edition of London's free financial newspaper, CityAM."As US Treasury prices have sunk and bond yields spiked, gold has held firm versus the Dollar," the paper quotes Adrian Ash, director of research."Resurgent inflation, plus fears that 2018 will mark the big top in equities, only add to gold's attraction as a defenc...Read More
CloseGain/LossGold $1325.80+$2.10Silver$16.57+$0.02XAU79.70+0.04%HUI174.25-0.09%GDM606.84-0.03%JSE Gold1090.13-15.81USD89.74-0.14Euro123.90+0.48Yen93.88-0.18Oil$60.71-$0.6510-Year2.847%-0.020T-Bond145.15625+0.40625Dow25007.03-0.68%Nasdaq7511.01-1.02%S&P2765.31-0.64% The Metals: Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and...Read More
For those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I also believe that GDX can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to...Read More