* USD/JPY holding in place, early Asia 106.25-41, Friday 106.12-53.* Bids still eyed towards 106.00 and offers from @106.50, trading stilllight.* BoJ Tankan does little to spur activity, USD/JPY assumption toooptimistic?* Little chance of bump back up to 109.66 anytime soon.* Stock market still depressed @21.5k, US yields soggy, Treasury 10s@2.760%.* Daily Ichi kijun 106.12 just below, no large ne...Read More
* USD/CNY fix estimate range 6.2730-6.2780 vs prev 6.2881* Likely close to last official USD/CNY spot closing 6.2733* Broadly lower USD/AXJ seen as US yield curve compresses* China's official PMI squarely beats forecasts * But China's new tariffs on US goods is worrying <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^CNYfix: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
* USD/MYR likely breaks 2.5-yr low of 3.8550 touched last week* Negative sentiment for USD perpetuated by UST yields sliding* US 2y10y basis compresses to narrowest since 2007 credit crisis* USD/MYR chart cues negative since last week after Fibo break* Daily Bollinger downtrend channel now caps intraday at 3.8778* Malaysia PMI due later, China PMI beats f'cast <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
* USD/KRW slipped further to end ard 1060.0 in NY vs 1063.5 in Asia* USD selling encouraged by US yield curve flattening again* Bearish bias confirmed Fri, downtrend channel caps at 1065.2* USD/KRW may test 3-yr low of 1057.9 notched in Jan* China's official PMI squarely beats forecasts * But China's new tariffs on US goods is worrying <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
* USD/SGD teeters at edge of Bollinger downtrend channel 1.3108* Mon close below will confirm bearish chart bias* Another drop in US 2Y-10y spread is negative for USD* China's official PMI squarely beats forecasts * But China's new tariffs on US goods is worrying * May stoke fear of trade war escalation, negative for SGD<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^SGD: ^^^^^^^^^^...Read More
* EUR/USD drifts a little lower in quiet start, range 1.2314/30 so far* Nearby support found at the 38.2 Fibo of Mar range which is at 1.2277* S/t MAs rolling over suggesting there is more downside room* Friday's 1.2290/1.2330 range initial support and resistance<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^EUR daily: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>...Read More
It is easy to get discouraged or lethargic while freeing yourself. The time and dedication to carry out a two-year plan for freedom requires a high and focus. It’s hard to do work every day, day after day.But fear not! There are six practical motivation hacks that you can try starting right now to get your plan back on track. These clever tricks show you how to work with yourself to achieve...Read More
* AUD/USD opens 0.19% higher, touches a high of 0.7700 in early trading* Trend remains lower with 5,10 and 21 DMAs trending south* Inability to close below 76.4 Fibo at 0.7651 so far is slowing thedowntrend* Long term trendline at 0.7599 also providing back-up support* Friday's tight 0.7672/0.7707 range to provide initial support andresistance <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
(Repeats with no changes)* Euro share of global FX reserves biggest since late 2014* Yen share of reserves rebounds to largest in 15 years (Adds details, background)By Richard LeongMarch 30 (Reuters) - The U.S. dollar's share of currencyreserves reported to the International Monetary Fund declined inthe final quarter of 2017 to a four-year low, as othercurrencies' shares of reserves grew, data rel...Read More
TOPICS IN THIS INTERVIEW:01:20 What to expect from this year's Sprott Resource Conference05:40 Cobalt and Lithium's promising utilities and potential shortage?12:30 Is the Petro-Yuan the ultimate threat to the Petro-Dollar?16:40 The aftermath of a $20,000 Bitcoin21:20 The ledger entry system - bridging Gold and Blockchain technologyRick Rule, founder and chairman of Sprott Global Resource Investme...Read More
Artisanal gold miners in the Niger state of Nigeria are asking the Muhammadu Buhari government to help them operate under conditions that allow them to take better care of the environment and contribute to the local economy.In an interview with the News Agency of Nigeria, the Chairman of the Association of Gold Miners in the Chanchaga Local Government, Michael Abida, said that his group has asked...Read More
Jamie discusses how the Chinese yuan gold backed system was initially conceived back in the year 2000. However, China did not hold that much gold. That has changed considerably, as they have been acquiring more and converting it into metric bars. They can now use these bars pay for energy with gold. These contracts are denominated in yuan and are directly convertible to gold.By using gold for ener...Read More
The stock of this gold explorer with projects in Wyoming and Nevada plunged last week, and Fincom Investment Partners explains why the firm believes it's a bargain.Usually when a miner's shares suddenly plunge, or jump, there is a company-specific reason, such as disappointing news, newsletter recommendations, a big discovery, etc.We met with U.S. Gold Corp. (USAU:NASDAQ) at the recent ROTH Capita...Read More
"All the money needed for hyperinflation has already been printed." Kirby contends, "It's kind of like having a nuclear war, and people say where are the bombs going to come from? The bombs are going to come out of their silos. What people can't believe or can't wrap their head around is the notion and the fact that there's $21 trillion or more that's been 'siloed.' The money has been created and...Read More
Fund manager Adrian Day reviews several companies in his portfolio and finds that two are strong buys at current prices. Lara Exploration Ltd. (LRA:TSX.V, 0.73) released results from the first drill hole at its prospective Planalto Copper Project in Brazil. Results from three more holes should be forthcoming over the next month or two. All the assays together should provide a better, if initial,...Read More
This topic is so timely and so important, that we publish this special report in lieu of our normal weekly Supply and Demand Report.After our recent article debunking manipulation, we got a phone call from a man whom we will call Jim Bailey (all names have been changed to protect the innocent and the guilty). Jim worked on the London gold desk at a major financial institution. He told us that a lo...Read More
The Seventh Generation Fund is "Dedicated to Indigenous Peoples' self-determination and the sovereignty of Native nations"Continue...Read More
The Dow Jones Index was up for the week with its BEV plot below closing above its -10% line. Nothing wrong with that as it enters its third month correcting from its last all-time high of 26,616 of January 26th. As double digit corrections go, this one has been a fairly wimpy one - so far. The Dow Jones' last correction occurred from May 2015 to July 2016 (fourteen months); twice the Dow Jones dip...Read More
Long-time readers of The Gold Update know that our microphones are just about everywhere as we return to those placed inside the Salzburg clinical offices of esteemed analyst in the psychosis of precious metals, Dr. Youara Nichtsogut...Dr. Nichtsogut: "Ahhh, Sister Silver, such the honourable surprise is this! Your good man Gold was here October last, suffering from CEUD."Silver, (preferring to s...Read More
It's easy to get lost in the shadows of the looming financial crisis (and the geopolitical one), and to assume that the entire world is going to hell in a 140mph Tesla.Continue...Read More