(Kitco News) - Gold stocks and not gold prices will have a breakout year in 2018, largely because people are not “afraid of anything right now,” said CEO of Sprott U.S. Holdings Rick Rule.“Gold will do well this year, but it is not on a verge of a breakout, gold stocks are. Gold outperformed gold stocks last year and this year [the underdog] is going to surprise, particularly bec...Read More
(Kitco News) - Gold stocks and not gold prices will have a breakout year in 2018, largely because people are not “afraid of anything right now,” said CEO of Sprott U.S. Holdings Rick Rule.“Gold will do well this year, but it is not on a verge of a breakout, gold stocks are. Gold outperformed gold stocks last year and this year [the underdog] is going to surprise, particularly bec...Read More
(Kitco News) - This year is looking great for commodities, said Jeffrey Currie, global head of commodities for Goldman Sachs, pointing out that the macro environment is set up to help prices move higher.“For the first time in years we have a positive carry to own commodities more broadly,” Currie told CNBC on Tuesday.The reason for this is the positive macro backdrop, which Currie desc...Read More
CloseGain/LossGold $1341.00+$6.40Silver$17.05+$0.04XAU89.91+1.81%HUI202.74+2.57%GDM673.84+1.55%JSE Gold1265.07-3.70USD90.12-0.27Euro122.98+0.38Yen90.79+0.69Oil$64.47+$0.9010-Year2.646%-0.014T-Bond149.3125+0.625Dow26210.81-0.01%Nasdaq7460.29+0.71%S&P2839.13+0.22% The Metals: Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then ext...Read More
- U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown- Markets shrug off both government shutdown and re-opening- Markets, government and media ignoring worsening US debt position- Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar- U.S. government national debt is $20.6 trillion and increasing rapidly- 'Bonds, like men, are in a bea...Read More
Trade war and protectionism across the world should be bullish for gold, silver and other safe havens. US President Donald Trump slapped tariffs on imported solar panels and washing machines, his first major trade move. Chinese solar companies will be the looser. India had also imposed anti-dumping duty on Chinese solar panels. Every nation is following a "protectionism policy" under the garb of...Read More
CloseGain/LossGold $1341.00+$6.40Silver$17.05+$0.04XAU89.91+1.81%HUI202.74+2.57%GDM673.84+1.55%JSE Gold1265.07-3.70USD90.12-0.27Euro122.98+0.38Yen90.79+0.69Oil$64.47+$0.9010-Year2.646%-0.014T-Bond149.3125+0.625Dow26210.81-0.01%Nasdaq7460.29+0.71%S&P2839.13+0.22% The Metals: Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then ext...Read More
- U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown- Markets shrug off both government shutdown and re-opening- Markets, government and media ignoring worsening US debt position- Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar- U.S. government national debt is $20.6 trillion and increasing rapidly- 'Bonds, like men, are in a bea...Read More
Trade war and protectionism across the world should be bullish for gold, silver and other safe havens. US President Donald Trump slapped tariffs on imported solar panels and washing machines, his first major trade move. Chinese solar companies will be the looser. India had also imposed anti-dumping duty on Chinese solar panels. Every nation is following a "protectionism policy" under the garb of...Read More
* KOSPI index up 0.17 pct, foreigners buy* Korean won weaker versus U.S. dollar SEOUL, Jan 24 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Wednesday. The Korean won fell while bond yields were flat ** At 00:40 GMT, the KOSPI was up 4.34 points or 0.17 percent at 2,540.94. ** The won was quoted at 1,071.7 per dollar on the onshore settlement pl...Read More
(Recasts with offering size, adds details throughout)SAO PAULO, Jan 23 (Reuters) - Brazilian credit card processing firm PagSeguro Digital Ltd's initial public offering raised $2.7 billion on Tuesday, one person with direct knowledge of the matter said, as investor optimism over Brazil's economic recovery gathers pace. PagSeguro priced its shares at $21.50, above the set price range of $17.50 to...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +1.3 pct, CSI300 +1.1 pct, HSI +1.7 pct* HK->Shanghai Connect daily quota used 19.3 pct, Shanghai->HK daily quota used 38.2 pct* HK->Shenzhen Connect daily quota used 2.7 pct, Shenzhen->HK daily quota used 21.6 pct* CNY official close 6.4084 per dollar* FTSE China A50 +1.7 pct, BNY Mellon ADR China Select Index +0.4 pct SHANGHAI, Jan 24 (Reuters...Read More
(Adds detail)* Dec exports +9.3 pct yr/yr vs forecast +10.1 pct* Imports +14.9 pct yr/yr vs forecast +12.3 pct* Trade balance +359.0 bln yen vs forecast +530.0 bln yen* Policymakers hope export-led growth stokes investment, spending By Tetsushi KajimotoTOKYO, Jan 24 (Reuters) - Japan's exports grew for a 13th straight month in December, led by record demand from China and Asia as a whole, raising...Read More
Jan 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesSandRidge rebuffs Icahn proposals Senate confirms Jay Powell as Federal Reserve chair May rejects Johnson's call for 5 bln pounds health booster U.S. attorney-general questioned in Russia inquiry Overview- U.S. shale oil producer SandRid...Read More
By Nicole MordantVANCOUVER, Jan 23 (Reuters) - Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday, after Leagold Mining Corp unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc . Six years after the last mining boom ended with billions of dollars in writedowns following over-priced mega-acquisitions, miners remain w...Read More
By Greg RoumeliotisJan 23 (Reuters) - Microsemi Corp , the largest U.S. commercial supplier of military and aerospace semiconductor equipment, is exploring its options, including a possible sale, after it received a takeover approach, a person familiar with the matter said on Tuesday.The move comes amid a new wave of consolidation in the semiconductor industry that has included Broadcom Ltd unveil...Read More
By Nicole MordantVANCOUVER, Jan 23 (Reuters) - Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday, after Leagold Mining Corp unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc . Six years after the last mining boom ended with billions of dollars in writedowns following over-priced mega-acquisitions, miners remain...Read More
(Updates with change in vote tally, second and final paragraphs)By Howard SchneiderWASHINGTON, Jan 23 (Reuters) - The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen, a move likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight. The Republican-controlled Senate...Read More
Jan 24 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 24-JanUnited States Sale of 2-year floating rate notes24-JanUnited States Sale of 5-year notes24-JanSwedenAuction of government bonds25-JanUnited States Sale of 7-year notes25-JanJapan 3-month discount bill auction25-JanJapan Auction of...Read More
Jan 24 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events, if any -----------------------------------------------------------WEDNESDAY, JANUARY 24 SINGAPORE - 1st Meeting...Read More