- Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying- Equities fell sharply on the report as did Treasurys and the U.S. dollar- Chinese officials think U.S. debt is becoming less attractive compared to other assets- Trade tensions could provide a reason to slow down or halt U.S. debt purchases- U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign debt...Read More

By Graham SummersIf you want to make money investing, you first need to understand the structure of the asset classes in our current financial system.Everyone likes to go bonkers over stocks, but the reality is that the stock market is in fact one of the smallest and least liquid markets on the planet. All told, US stocks are roughly $26 trillion in market cap.By way of contrast, the US debt mar...Read More

Jan 12 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- FRIDAY, JANUARY 12STOCKHOLM - Swedish Central Bank Deputy Governor Cecilia Skingsley will discus...Read More

By Craig HemkeBeginning in late 2016, we began to question what we termed "The Generally Accepted Narrative of 2017". This allowed us to accurately forecast rising precious metal prices last year. For 2018, we will generally rely upon three overriding themes, and we discuss them in detail today. As a recap, what was GAN2017? We first spelled it out in a formal post on January 17, 2017. You can r...Read More

By George SmithIf Tom Cruise was Born on the Fourth of July, then he can thank Thomas Paine, who it can be said was born on January 10, 1776 with the publication of his incendiary essay, Common Sense, that argued for independence from England. He priced it cheaply (two shillings), argued passionately, and wrote in a direct style so that readers could understand him. It was sold and distribute...Read More

SAN FRANCISCO, Jan 11 (Reuters) - S&P Dow Jones Indices and MSCI said on Thursday they would rename their Telecommunication Services Sector and add Comcast Corp , Netflix , Facebook and Alphabet to the newly broadened category. In an overhaul of the Global Industry Classification Standard, an industry taxonomy widely used by investors, the Telecommunication Services Sector will be expanded and...Read More

- Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying- Equities fell sharply on the report as did Treasurys and the U.S. dollar- Chinese officials think U.S. debt is becoming less attractive compared to other assets- Trade tensions could provide a reason to slow down or halt U.S. debt purchases- U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign de...Read More

In my view there is nothing special about China's intention of reducing US treasury investment. This was bound to happen much earlier. China is "thee" happening place for the global financial service industry. It has opened up its economy for global investors. China is moving towards a service oriented growth from a manufacturing growth. Chinese moves economically or geopolitically is antagonizi...Read More

(Adds stock moves, recasts top of story with contest)Jan 11 (Reuters) - Advanced Micro Devices Inc said on Thursday its microprocessors are susceptible to both variants of the Spectre security flaw, days after saying its risk for one of them was "near zero".In a subsequent statement Thursday, AMD said there was "no change" to its position on the susceptibility of its chips to...Read More

Molybdic oxide and ferro-molybdenum prices have been underpinned over the past week due to steady trading rates, buoyant conversion costs and strong underlying consumption in the steel sector, which is expected to persist in the near term.Molybdic oxide prices have pared gains slightly in the second week of trading in 2018, with the market at $11-11.30 per lb, in-warehouse Rotterdam on Wednesday J...Read More

New to Proactive, Envestors CEO Oliver Woolley tells us how Network Investing is distinct from crowdfunding...helping small companies that are past the start-up stage and 'out of the garage' to grow. Oliver explains how Envestors already has offices in London, the Channel Islands and Dubai and they have plans to open in China. Average investments are of about ?40,000 and the process is highly tax...Read More

LIMA, Jan 11 (Reuters) - Peru's central bank lowered the benchmark interest rate to 3 percent as widely expected on Thursday, citing weak economic growth and slowing inflation.Eight out of nine analysts polled by Reuters had forecast the 25-basis-point reduction to the key rate, with one forecasting a hold at 3.25 percent. (Reporting By Mitra Taj; Editing by Chris Reese) Disclaimer: The views exp...Read More

Connemara Mining Company PLC (LON:CON) saw its shares gain 4% today as it reported high gold grades from one of three holes drilled recently at its Mine River prospect in Wicklow and Wexford in Ireland.CEO Patrick Cullen tells Proactive that assay results from the hole at the Tombreen target indicated an 8m section grading 4.53 g/t gold, which included 2m at 16.1 g/t. Mineralisation ranging from 0...Read More

(Repeats. No change to text.)By John Ruwitch and Marius ZahariaSHANGHAI/HONG KONG, Jan 11 (Reuters) - China's adjustment to the way it sets the reference rate for its tightly managed currency, suspending a tool for fine-tuning the exchange rate, is a fresh warning to would-be speculators that gives the yuan scope to retreat after a year of heady gains.The decision by the central bank to reduce th...Read More

Co-founder of New York-based company HemoGenyx Alexis Sandler tells Proactive how thrilled she was to welcome the Lt.Gov of New York to the HemoGenyx laboratories recently. The Lt.Governor met with their eminent team of scientists and saw first hand why HemoGenyx is described as a 'success story', originally invested in by the state of New York. Not only was this a major honour for HemoGenyx, this...Read More

(Adds analyst quotes, table)By Jennifer AblanNEW YORK, Jan 11 (Reuters) - Investors' appetite for risk was on display this week as U.S.-based equity mutual funds attracted $1.45 billion of net inflows, their third straight week of inflows, and U.S.-based equity exchange-traded funds attracted $10.6 billion, according to Lipper data on Thursday. Moving in sympathy with equities, U.S.-based high-yie...Read More

India's JSW Steel recorded its highest-ever quarterly crude steel output in October-December 2017, producing 4.11 million tonnes - up 7% compared with the same quarter in 2016.The October-December period is the third quarter of JSW Steel's 2017-2018 financial year, which runs to March 31, 2018. Flat steel production dropped 1% year on year to 2.82 million tonnes, while long steel production increa...Read More

Mechel, one of the leading Russian mining and metals companies, has appointed Nelli Galeeva as its new chief financial officer (CFO), the company reported on Wednesday January 10.Prior to this appointment, Galeeva had been leading Mechel's accounting and tax department for four years and oversaw work on the...Read More

(Updates prices to close)* TSX ends up 38.99 points, or 0.24 percent, at 16,286.94* Half of the TSX's 10 main groups move higher TORONTO, Jan 11 (Reuters) - Canada's main stock index rose on Thursday as gains for energy companies and some miners offset a pullback in marijuana producers and a fall in Shaw Communications Inc after its quarterly earnings disappointed.* The Toronto Stock Exchange's...Read More

* Dudley warns on U.S. fiscal path, creditworthiness* Strong comments criticize Republican expectations* Dudley sees gradual rate hikes, inflation rebound in 2018 (Adds Kaplan, yield-curve comments)By Jonathan SpicerNEW YORK, Jan 11 (Reuters) - One of the Federal Reserve's most influential members on Thursday offered a point-by-point critique of U.S. President Donald Trump's sweeping tax cuts, war...Read More