Source: Clive Maund for Streetwise Reports 02/11/2018Technical analyst Clive Maund explains why he believes this is a good time to short the dollar.The purpose of this update is to try to make sure that you remain aware that the dollar has broken down from a giant top area, and is probably headed much lower, a prospect that is not diminished by the modest countertrend rally of the past week or...Read More
CloseGain/LossGold $1321.30+$6.50Silver$16.52+$0.20XAU81.08+3.49%HUI180.45+3.38%GDM613.99+2.89%JSE Gold1118.34-13.55USD90.14-0.29Euro122.92+0.54Yen92.02-0.07Oil$59.29+$0.0910-Year2.857%+0.002T-Bond144.50+0.34375Dow24601.27+1.70%Nasdaq6981.96+1.56%S&P2656.00+1.39% The Metals: Gold gained $11.10 to $1325.90 in early Asian trade before it fell back to $1317.50 in London, but it then climbed t...Read More
Listen on BlogTalkRadioKerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore's Mark O'Byrne about the outlook for crypto currencies, financial markets and precious metals.- Are bitcoin and crypto prices being manipulated like precious metals?- Is there a coordinated backlash against bitcoin from JPM and powerful interests?- 95% of cryptocurrencies and ICOs will likely go to zer...Read More
CloseGain/LossGold $1321.30+$6.50Silver$16.52+$0.20XAU81.08+3.49%HUI180.45+3.38%GDM613.99+2.89%JSE Gold1118.34-13.55USD90.14-0.29Euro122.92+0.54Yen92.02-0.07Oil$59.29+$0.0910-Year2.857%+0.002T-Bond144.50+0.34375Dow24601.27+1.70%Nasdaq6981.96+1.56%S&P2656.00+1.39% The Metals: Gold gained $11.10 to $1325.90 in early Asian trade before it fell back to $1317.50 in London, but it then climbed t...Read More
Listen on BlogTalkRadioKerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore's Mark O'Byrne about the outlook for crypto currencies, financial markets and precious metals.- Are bitcoin and crypto prices being manipulated like precious metals?- Is there a coordinated backlash against bitcoin from JPM and powerful interests?- 95% of cryptocurrencies and ICOs will likely go to zer...Read More
* Dollar falls back vs euro, sterling * Rising U.S. long-term yields could pose threat to US economy By Hideyuki SanoTOKYO, Feb 13 (Reuters) - The dollar slipped back on Tuesday as global equity markets showed some sign of stability after the recent rout, reviving risk appetite and putting the U.S. currency on the defensive on worries about its receding yield advantage.The dollar's index against...Read More
(Kitco News) - Russian authorities arrested several engineers working at one of the country’s top nuclear research facilities after reports that they tried to mine bitcoin using the center’s computers.Some media reports even suggested that the perpetrators tried to connect to the nuclear facility’s supercomputer, which was installed there in 2011 with a capacity of one petaflop.T...Read More
Last week's other top-gaining stocks on the TSX were Lithium Americas, Sierra Metals, Teranga Gold and Amerigo Resources.Read full newsRead More
(Adds Cayman Island funds, details on Hong Kong property market and HNA background in paras 3, 6, 7, 8, 9)HONG KONG, Feb 13 (Reuters) - A unit of China's HNA Group , the cash-starved aviation-to-financial services conglomerate, said on Tuesday it was selling two Hong Kong sites to Henderson Land Development Co Ltd for HK$16 billion ($2 billion).Completion of the deal for the land at Kai Tak, near...Read More
By Swati PandeySYDNEY, Feb 13 (Reuters) - The Australian and New Zealand dollars paused on Tuesday after climbing for two straight sessions amid a rebound in broader risk sentiment which saw global equities rally strongly.The Australian dollar held at $0.7851, well above the more than one-month trough of $0.7759 made last week. The New Zealand dollar was last at $0.7250, again clear of the recent...Read More
MELBOURNE, Feb 13 (Reuters) - S&P on Wednesday raised its long-term issuer credit rating on global miner Rio Tinto to 'A' from 'A-' on the back of the miner's strong financial results and said the rating outlook is stable."The upgrade reflects Rio Tinto's journey of strengthening its balance sheet and living by its financial policy for the past two years," S&P said. (Reporting b...Read More
MELBOURNE, Feb 13 (Reuters) - S&P on Wednesday raised its long-term issuer credit rating on global miner Rio Tintoto 'A' from 'A-' on the back of the miner's strong financial results and said the rating outlook is stable."The upgrade reflects Rio Tinto's journey of strengthening its balance sheet and living by its financial policy for the past two years," S&P said. (Reporting by...Read More
Feb 13 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS13-FebItaly Medium-long term auction13-FebSpain Auction of 6- and 12-month Treasury bills14-FebGermany Auction of 30-year Federal bonds14-FebJapan Auction of 5-year government bonds15-FebJapan 3-month discount bill auction15-FebSpain Bond...Read More
(Adds details about stock market performance)By Laila KearneyNEW YORK, Feb 12 (Reuters) - California Public Employees' Retirement System (CalPERS), the largest U.S. public pension fund, lost 4.6 percent in value during the stock market's recent tumble, and investment risks are expected to persist, officials said on Monday.The drop in stocks from an all-time high on Jan. 26 to Friday followed a bo...Read More
Feb 13 (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 ----------------------------------------------------------- WEDNESDAY, FEBRUARY 14JAKARTA - Indonesia Central Bank...Read More
Feb 13 (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 ----------------------------------------------------------- TUESDAY, FEBRUARY 13 ** NEW YORK CITY - Top Wall Street executives will be speaking at the Cre...Read More
The 2018 Olympic Winter Games have officially begun, and this year's event has an interesting connection to the mining industry.Read full newsRead More
TOKYO, Feb 13 (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday the next governor of the Bank of Japan would need English skills to deal with global financial issues.Aso, speaking to reporters, said the governor would also need communication skills to explain Japan's monetary policy in parliament and have stamina to travel overseas.Media reports over the weekend, confirmed by a source...Read More
SHANGHAI, Feb 13 (Reuters) - China's banks are under pressure to keep the scale of new yuan lending constant this week as regulators try to curb loan growth ahead of the Lunar New Year holiday, financial magazine Caixin reported late on Monday, citing banking sources. New loans in China reached a record 2.9 trillion yuan($458.5 billion) in January, nearly five times higher than the previous month,...Read More
The Prospectors & DevelopersAssociation of Canada (PDAC) is best known for its annual convention,bringing together prospectors, developers, geoscientists, consultants, andmining executives, among others. Considered the mammoth of all miningconferences, this annual event attracts more than 24,000 attendees from morethan 130 countries.The four-day annual convention held yearly inToronto, has gro...Read More