SHANGHAI, May 2 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke 92, driven by upbeat data of the US economy and hovered at 92.4 overnight.Most LME metals fell with the stronger US dollar. LME zinc led the declines with a loss of 1.6%, copper lost 0.87% and hit a monthly low at one point.China’s o...Read More
Full Article: Silver Has More Upside Potential Than Gold - Wells FargoBy: Anna Golubova(Kitco News) - Even though both gold and silver are stuck in a bear market for at least another five years, according to Wells Fargo Investment Institute, traders should pay close attention to silver as it has more upside potential than gold."We expect another five years or so of the bear, which means capped p...Read More
Source: Jack Chan for Streetwise Reports 05/01/2018 Technical analyst Jack Chan updates his gold and silver charts. --> Our proprietary cycle indicator is up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term buy signal. Short-term signals can last for da...Read More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
LONDON, 13 April 2018 - The UK's No.2 'quality' newspaper, The Daily Telegraph, today details the costs and process for using BullionVault in a report on investing in gold."Gold and silver online marketplace BullionVault said that 92 kilos of gold, worth ?2.8m, was traded on the platform on [Tuesday]," the paper says online - "a 225% leap on normal volumes" thanks to volatility spurred by US Pres...Read More
Put sellers have been active in recent weeksFireEye Inc (NASDAQ:FEYE) joins a busy line-up of earnings reports this week, with the cybersecurity firm slated to unveil its first-quarter results after tomorrow's close. The stock has a history of volatile earnings reactions, averaging a 10% next-day move over the past eight quarters, regardless of direction. This time around, the options market is pr...Read More
Source: Michael J. Ballanger for Streetwise Reports 04/30/2018 Precious metals expert Michael Ballanger discusses the gold and silver ratio. -->"SHE-NAN-I-GANS"pronunciation: "SH?(TM)?^nan???(TM)nz/"Noun informal1. "secret or dishonest activity or maneuvering." as in "widespread financial shenanigans had ruined the fortunes of many"2. "silly or high-spirited behavior; mischief."To start off...Read More
WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross on Tuesday said the one-month extension of the exemption from new steel and aluminum tariffs granted to the European Union was the result of promising discussions to reduce trade tensions, and he does not anticipate granting exemptions to become a continuing practice.“We’re having some potentially fruitful discussions about an...Read More
The United States decision to extend Europe's exemption from Section 232 tariffs until June 1 only serves to prolong the uncertainty, the European Commission (EC) and European steel association, Eurofer, said on Tuesday May 1.The US authorities postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico on April 30. Originally, the EU was...Read More
LONDON, 12 April 2018 - Comment from BullionVault features today in the latest gold-price report from leading US finance site MarketWatch."For gold this week, the Fed's promise of more rate hikes beats Trump's latest threat of airstrikes," the report quotes Adrian Ash, director of research at BullionVault."So while prices are testing 5-year resistance, the financial climate remains more important...Read More
Apple is slated to report earnings after the closeThe Dow Jones Industrial Average (DJI) is down triple digits at midday, dragged lower by disappointing earnings from Pfizer (PFE) and Merck(MRK), while Boeing (BA) is dropping on plans to buy KLX Inc (KLXI). However, Apple (AAPL) stock is one of the few Dow stocks in the black, amid cautious optimism ahead of tonight's earnings release. Energy stoc...Read More
Alchemists are precious metals experts, aren't they? So let's see what we can learn from the latest issue of the Alchemist, the LBMA's quarterly journal. Silver LiningsSilver has been always in gold's shadow. Could the accelerated and synchronized global growth finally boost silver? In his article, Jonathan Butler offers two arguments in favor of higher silver prices. First, in a world of synch...Read More
This clip is taken from an interview Mike Maloney conducted with Trace Mayer for the eighth episode of his Hidden Secrets of Money series. It is still one of Mike's all-time favorite quotes on the importance of Bitcoin, but due to time constraints, it was not included in the final edit for the episode. Watch the full video here. Read More
We're all familiar with the so-called "run on the bank." It usually begins quietly with just a few depositors getting nervous about the solvency of the bank.Continue...Read More
Peter KrauthThe price of silver experienced another volatile week, along with the broader markets. Silver prices officially closed the month of April at $16.31, below the $16.50 level, where it started the month.A fresh rally in the U.S. dollar was the most obvious culprit, as the U.S. Dollar Index (DXY) managed to power higher by some 120 basis points from its early bottom.The American 10-year Tr...Read More
The United States has postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico, until June 1.President Donald Trump's administration announced the extension of temporary exemptions for the key trading blocs at the last moment on Monday April 30. A 10% import tax on aluminium and a 25% import tax on steel were due to come into effect on...Read More
Karyopharm stock is on track for its best day in over a yearKaryopharm Therapeutics Inc (NASDAQ:KPTI) is up 16% to trade at $15.19, after the company last night reported upbeat data from its mid-stage study for Selinexor, a cell-cancer treatment. In response, Wedbush raised its price target to $21 from $19, while RBC issued a price-target hike to $24 from $22 -- both in territory the equity has n...Read More
Graceland Updates By Stewart Thomson 1. A time-tested mantra for the US stock market is, "Sell in May and go away." 2. The depth of a stock market sell-off that begins in May depends on where the United States economy sits in the business cycle. In the early stages of the cycle, sell-offs that begin in May are great buying opportunities.3. As the business cycle peaks, the...Read More
Earlier today, Israeli Prime Minister Benjamin Netanyahu put on a little song and dance about Iran and WMDs intended to provide cover for Trump's upcoming decision onContinue...Read More