Topics Include:*Update on 3rd Great Gold Bull Market*Proper portfolio allocation when it comes to gold*The difference in mindset between investors that are trying to accumulate wealth, versus investors who have wealth and are trying to protect it*Gold as insurance versus investment*Currency Wars*Trade Wars*Moving jobs from outside the US, into the US*North Korea UpdateJim Rickards is a lawyer, inv...Read More
Stocks got a boost from a rallying tech sectorThe Dow closed out a volatile week with a bang, finishing over 250 points higher thanks to upbeat economic data and a strong rally from Apple (AAPL) and the broader tech sector. Even fellow FAANG stock Amazon (AMZN) crept higher in the final hour of trading, despite President Trump's Twitter tirade. Both the S&P 500 and Nasdaq finished higher today a...Read More
(Kitco News)- The gold market remains on the back foot despite the releaseof in-line inflation data, whiched showed a rising consumer price pressures.Thursday, The U.S. Department of Commerce said that Personal Consumption Expenditures (PCE) Index, 0.2% in February, in line with expectations. For the year, the data showed that inflation increased by 1.8%. This is the first annual rise in inflation...Read More
LONDON, 29 March 2018 - BullionVault's research director Adrian Ash was a guest yesterday on India's leading financial news channel, CNBC TV-18.Posted today by the channel's sister site Moneycontrol, the 7-minute interview with commodities presenter Manisha Gupta looks at gold, silver and platinum price action during the first 3 months of 2018, plus Adrian's outlook for prices and demand from he...Read More
Comex copper prices staged a modest rally in the US morning on Thursday March 29, with investor sentiment turning positive following a softer dollar and easing geopolitical tensions. Copper for May settlement on the Comex division of the New York Mercantile Exchange rose 3.75 cents or 1.3% to $3.0395 per lb. Geopolitical tensions are lessening, leading to a pick-up in investor appetite for the met...Read More
By Koos Jansenhttps://www.bullionstar.com/According to the United States Treasury its 261 million ounces (? 8,100 tonnes) in official gold reserves are fully audited and accounted for. Because for many decades rumours are making rounds this gold has been covertly sold, in this essay we'll thoroughly scrutinise the audits - indirectly evaluating the accuracy of the gold claims by the Treasury. Wh...Read More
Please Note: US Markets are closed tomorrow for Good Friday. CloseGain/LossOn WeekGold $1325.90+$0.20-1.47%Silver$16.34+$0.05-1.15%XAU81.12+1.85%-0.47%HUI175.41+1.52%-0.82%GDM612.39+1.10%-0.74%JSE Gold1127.39-3.86-0.34%USD90.06-0.07+0.68%Euro123.04-0.02-0.42%Yen94.05+0.49-1.72%Oil$64.94+$0.56-1.43%10-Year2.742%-0.031-2.49%Bond146.40625+0.53125+0.97%Dow24103.11+1.07%+2.42%Nasdaq7063.44+1.64%+1...Read More
The ETF is one of the best in the second quarter, thoughOptions volume is accelerated on the iShares Silver Trust (SLV) this afternoon, with nearly 70,000 calls and 35,000 puts traded. This is more than three times what's typically seen at this point in the session, with volume pacing in the 100th annual percentile. Diving deeper, it looks like speculators are targeting a key technical level for S...Read More
LONDON, 27 March 2018 - Popular UK personal finance site LoveMoney today puts BullionVault first among "established names" offering physical bullion investment online.Listing several other providers to consider, LoveMoney contrasts BullionVault's low costs with the Royal Mint's "substantial" ongoing fees.You can read the full report at LoveMoney here:Best ways to buy and store physical gold Read More
TORONTO, March 29 (Reuters) - Canada's Eldorado Gold Corp filed a new technical report for its contentious Skouries gold mine project in Greece on Thursday, which said it "significantly" reduces the development's environmental footprint.The miner, which also filed updated reports for projects in Turkey and Canada, took a tough stand with Greece in November, freezing investment and suspending opera...Read More
Christine KimSEOUL (Reuters) - North and South Korea will hold their first summit in more than a decade on April 27, South Korean officials said on Thursday, after North Korean leader Kim Jong Un pledged his commitment to denuclearization as tensions ease between the old foes.South Korean officials, who announced the date after high-level talks with North Korean counterparts, said the agenda would...Read More
Back in the 1990s, critics of the dot-com bubble used to point out that the global economy depended on the US stock market and the US stock market depended on, like, ten Internet stocks with negative aggregate earnings. The resulting inverted financial pyramid was, the critics claimed, very easy to tip over.They were right of course. But apparently not right enough to keep us from repeating the...Read More
Dr. Shiller discusses the Trump administration's policies impacting the market and what he sees for the second quarter.Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has been a research associate of...Read More
- This is the largest debt issuance since 2008 financial crisis- Trump threatens trade war with its biggest creditor - China- Bond auctions have seen weak demand due to large supply and trade war concerns- $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months- US total national debt level now exceeds $21.05 trillion and is accelerating higher- U.S. debt and dolla...Read More
Base metals prices on the London Metal Exchange are for the most part stronger today, Thursday March 29, with prices up by an average of 0.6%. Nickel leads the advance with a 2% rise to $13,300 per tonne, while copper is up by 1% at $6,732 per tonne.Volume has been high with 12,789 lots traded as of 07.56am London time. This morning's strength builds on recent consolidation, with most of the metal...Read More
Saudi Arabia wants to pour $200 billion into solar to build the world's largest solar project.The Saudi sovereign wealth fund and SoftBank Group Corp. of Japan jointly announced plans to build a solar project that is staggering in size – 200 gigawatts (GW) by 2030. That would be about 100 times larger than some of the largest projects in the world right now. "It's by far the biggest sol...Read More
Goldman cut its sales estimates for Apple's iPhoneAfter wrapping up their worst week in years, U.S. stocks enjoyed their best day since 2015 on Monday, thanks to easing trade war concerns. While this massive turnaround sent up a pair of stock market signals not seen since 2011, the upside momentum didn't last. Another rough week for FAANG stocks pushed the Nasdaq Composite (IXIC) into the red, wit...Read More
A frequently trotted-out rule in investing is when there is blood in the streets, it's time to take a stock position. When it comes to senior, mid-tier and junior gold stocks, the blood is definitely flowing, despite gold rising 4% year-on-year and 12.5% throughout 2017.The reason for gold stocks' current failure to arouse any interest among investors has several antecedents, including the stock m...Read More
LONDON, 27 March 2018 - BullionVault analysis of the latest gold-price move features today in a report on the precious metals market posted by Morningstar, the global investment fund rating service."It's not just the Dollar - gold's falling against all major currencies as global stock markets rebound further from last week's slump," Morningstar quotes research director Adrian Ash in an article fir...Read More