CloseGain/LossGold $1314.00-$6.00Silver$17.00-$0.12XAU84.95-1.55%HUI192.30-1.33%GDM647.49-1.30%JSE Gold1286.67-32.45USD92.51+0.17Euro119.39-0.28Yen88.88+0.41Oil$62.96+$1.2310-Year2.548%+0.069T-Bond150.21875-1.50Dow25385.80+0.41%Nasdaq7163.58+0.09%S&P2751.29+0.13% The Metals: Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended...Read More
* STOXX 600 up 0.4 pct at fresh 2 1/2 year high* Autos lead gainers on Continental overhaul hopes* Altice rallies on US unit spin-off plan* Global earnings revisions at all-time high - Citi (Recasts, adds details, closing prices)By Danilo Masoni and Helen ReidMILAN/LONDON, Jan 9 (Reuters) - European shares rose for a fourth straight session on Tuesday, lifted by strength among cyclical stocks and...Read More
Gold and silver premiums have been following the demand for physical metal lower in recent months. As investor selling ticked up, popular bullion products poured back into dealer inventories. The result has been some of the lowest premiums we've seen in a decade for items like gold and silver American Eagles.The "premium" is the amount over the market price for gold ( ) or silver commanded by a...Read More
Vanadium pentoxide (V2O5) and ferro-vanadium prices had a strong start to 2018 last week, with supply concerns in focus as the markets came back from the Christmas break. Chinese V2O5 prices soar with upstream constraints in focusFerro-vanadium leads the way in Europe US ferro-vanadium prices higher but spot activity 'just getting started'Vanadium prices in China jumped last week amid limited sup...Read More
Since the late '90s, the US has increasingly financed its "growth" with debt.As a result, the amount of debt in the system, relative to GDP, has skyrocketed.The notion that we can "grow our way" out of this is ridiculous. The US Government has brought in RECORD amount of taxes since 2014... and the Government has STILL runs $400+ Billion deficits Every. Single. Year.Put another way, the US Governm...Read More
By Jordan Roy-Byrne CMT, MFTA The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets. The strength of the rebound pushed the miners...Read More
Welcome to 2018. So far it looks the same as 2017. The President of the United States ended the old year and began the one with a barrage of tweets, including one threatening nuclear annihilation with the "Little Rocket Man" of North Korea. The world can only hope they keep it to each other and not involve the rest of us. Markets did well in 2017 as they have for the past eight years. Bitcoin did...Read More
MGX Minerals Announces Major Advancement in Mass Storage Battery Technology; Solves Zinc Dendrite Formation LimitationVANCOUVER, BRITISH COLUMBIA / January 9th, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce wholly owned subsidiary ZincNyx Energy Solutions, Inc. ("ZincNyx") has solved the long standing reliability issue caused by the g...Read More
(Adds more details and background)Jan 9 (Reuters) - Poland's biggest insurer PZU SA has raised its return on equity (ROE) target for 2020 to more than 22 percent from 18 percent previously, it said in a strategy update on Tuesday.The company said it expected to achieve benefits from changing the way it works with clients, such as by using artificial intelligence and improving its use of databases...Read More
Graceland Updates By Stewart Thomson 1. I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that's happening right on schedule. To understand the nature of this headwind, please click here now. Double-click to enlarge this important weekly gold chart.2. Note that the two biggest volume bars both occurred as key events in India occurred. It...Read More
The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Since the late '90s, the US has increasingly financed its "growth" with debt.As a result, the amount of debt in the system, relative to GDP, has skyrocketed.The notion that we can "grow our way" out of this is ridiculous. The US Government has brought in RECORD amount of taxes since 2014... and the Government has STILL runs $400+ Billion deficits Every. Single. Year.Put another way, the US Governm...Read More
Full Article: Gold Getting Ready To Make Big MoveBy: Todd "Bubba" HorwitzGold has had a monster rally of almost $90 over the last 19 trading days. What looked like a breakdown turned into a great buying opportunity or a short squeeze. On Thursday, gold looked like it had the final blow-off to the upside on heavy volume, making a high at $1,327.30 in the February futures. Since Thursday, gold has...Read More
By Clint SiegnerGold and silver premiums have been following the demand for physical metal lower in recent months. As investor selling ticked up, popular bullion products poured back into dealer inventories. The result has been some of the lowest premiums we've seen in a decade for items like gold and silver American Eagles.The "premium" is the amount over the market price for gold or silver com...Read More
BERLIN, Jan 9 (Reuters) - German auto parts and tyre maker Continental said on Tuesday it was in "early stages" of talks about a structural overhaul to become more nimble amid the car industry's transition to electric and self-driving vehicles, confirming media reports.A source told Reuters on Tuesday that Continental was continuing to ponder all options for its future corporate structur...Read More
By Gary SavageJoin me in a look at the long term trends that are currently reversing in gold, silver, dollar, euro and the yen.https://blog.smartmoneytrackerpremium.com/ Read More
* RBC CEO says agrees no deal is better than a bad deal* RBC CEO says bank spending C$3 bln annually on technology* CIBC CEO says bank pursuing possible IPO of FirstCaribbean (Adds comments from other bank chiefs on tech spending, paragraphs 7-11)By Matt ScuffhamTORONTO, Jan 9 (Reuters) - Royal Bank of Canada's Chief Executive Dave McKay said on Tuesday he believes there is now a greater chance th...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12January 8, 2018 "I would say Happy New Year but it's not happy; it's exactly the same as last year except colder." Robert ClarkWelcome to 2018. So far it looks the same as 2017. The President of the United States ended the old year and began the one with a barrage of tweets,...Read More
ANKARA, Jan 9 (Reuters) - Turkey's Treasury has borrowed $2 billion in a dollar-denominated eurobond maturing in 2028 at a yield of 5.2 percent, bankers said on Tuesday.Demand for the issuance was in excess of $6 billion, they said. (Reporting by Nevzat Devranoglu; Writing by David Dolan, Editing by William Maclean) Disclaimer: The views expressed in this article are those of the author and may n...Read More
The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More