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Metals Defy Odds, Continue To Push Higher; Beware

January 05, 2018 / www.kitco.com

Something tells me thereare some underlying problems in the equity markets based on the way that goldis trading. Gold and silver, which had major breakdowns three weeks ago, havegone up almost every day since. We had turned short-term bearish whilemaintaining our long-term bullish posture. That positioning has not worked outwell and has been rather painful, with gold rallying about $90 from the bo...Read More

Bitcoin Daily Chart Alert - Bulls Have A Good Week - Jan 5

January 05, 2018 / www.kitco.com

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

Metals Defy Odds, Continue To Push Higher; Beware

January 05, 2018 / www.kitco.com

Something tells me there are some underlying problems in the equity markets based on the way that gold is trading. Gold and silver, which had major breakdowns three weeks ago, have gone up almost every day since. We had turned short-term bearish while maintaining our long-term bullish posture. That positioning has not worked out well and has been rather painful, with gold rallying about $90 from t...Read More

FOREX-Inflation subdued, but euro still set for 3rd week of gains

January 05, 2018 / www.kitco.com

* Dollar struggles despite strong ISM, ADP data* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 5 (Reuters) - The euro held near four-month highs on Friday as euro zone inflation data printed modestly, in line with forecasts.Sentiment remained bullish, however, with some investors betting the ECB may have to start withdrawing its stimulus policies earlier than expected as the bloc...Read More

Red hot rally in stocks, risk assets has some way to run - BAML

January 05, 2018 / www.kitco.com

By Marc JonesLONDON, Jan 5 (Reuters) - The powerful rally in global stocks and other markets is likely to persist until higher borrowing costs and a stronger dollar force investors to back off, Bank of America Merrill-Lynch's analysts said on Friday.The U.S. investment bank's weekly round-up of financial market flow tracking data showed $10.1 billion had exited U.S. stocks in the biggest move in m...Read More

US STOCKS-Futures climb in strong week for Wall Street

January 05, 2018 / www.kitco.com

* Futures up: Dow 84 pts, S&P 8 pts, Nasdaq 24.5 pts By Sruthi ShankarJan 5 (Reuters) - Futures pointed to a higher open on Wall Street on Friday as U.S. stocks looked set to extend a new year rally that has pushed indexes to record levels on signs of robust growth across major economies.Investors are awaiting the December U.S. payrolls numbers later on Friday. The data is expected to show em...Read More

GLOBAL MARKETS-Stocks scale new record highs, dollar stuck

January 05, 2018 / www.kitco.com

* World stocks hit fresh highs* Investors prepare for U.S. employment data* Dollar stuck near four month low vs euro* Oil slips from recent highs* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Jan 5 (Reuters) - World stocks scaled fresh record highs on Friday, while the dollar stuck near four-month lows before crucial payroll numbers that could underpin growing confidence in the world's b...Read More

Gold set to post fourth consecutive week of gains, NFP holds the key

January 05, 2018 / www.fxstreet.com

   •  An uptick in US bond yields prompts some profit taking.   •  Risk-on mood/modest USD rebound adds to the pressure.   •  All set for the fourth consecutive week of gains; focus remains on NFP. Gold prices edged lower on Friday and eroded part of previous session's sharp up-move to fresh 3-1/2 month highs. Spot gold retreated belo...Read More

UPDATE 1-Banking crisis adviser named as head of Britain's finance watchdog

January 05, 2018 / www.kitco.com

* New chair faces navigating watchdog through Brexit (Adds reaction, background)By Huw JonesLONDON, Jan 5 (Reuters) - Charles Randell, an ex-lawyer who advised the British government during the financial crisis, has been appointed chair of Britain's Financial Conduct Authority, the finance ministry said on Friday.Randell, formerly a partner at international law firm Slaughter & May, will face...Read More

Western European car registrations down on fewer selling days -LMC

January 05, 2018 / www.kitco.com

BERLIN, Jan 5 (Reuters) - Western European car registrations fell 5.2 percent in December which had two fewer selling days than a year earlier, leading four of the region's five main markets including Germany and France into the red, data compiled by LMC Automotive showed.Registrations declined to 1.03 million passenger cars from 1.09 million a year earlier, the consulting firm said on Friday. Its...Read More

Gold dips ahead of U.S. jobs data, but set for fourth week of gains

January 05, 2018 / www.kitco.com

(Reuters) - Gold prices dipped on Friday from the previous session’s 3-1/2 month high, ahead of U.S. non-farm payroll data, but remained on track for their fourth straight weekly gain.Spot gold was down 0.3 percent at $1,318.40 an ounce at 0655 GMT. U.S. gold futures were down 0.2 percent at $1,319.10 an ounce.Spot gold marked its highest since Sept. 15 at $1,325.86 on Thursday on a weaker d...Read More

Equinox Gold chairman increases holding to 9.8%

January 05, 2018 / www.stockwatch.com

Mr. Christian Milau reportsEQUINOX GOLD CONFIRMS SHARE PURCHASE BY CHAIRMAN, ROSS BEATYRoss Beaty, chairman of Equinox Gold Corp., has acquired 22.5 million common shares of Equinox Gold, bringing his total holdings in the company to 41.4 million common shares.As previously announced on Oct. 25, 2017, pursuant to a share and debenture purchase agreement between Equinox Gold, Mr. Beaty and Sandstor...Read More

Equinox Gold chairman increases holding to 9.8%

January 05, 2018 / www.stockwatch.com

Mr. Christian Milau reportsEQUINOX GOLD CONFIRMS SHARE PURCHASE BY CHAIRMAN, ROSS BEATYRoss Beaty, chairman of Equinox Gold Corp., has acquired 22.5 million common shares of Equinox Gold, bringing his total holdings in the company to 41.4 million common shares.As previously announced on Oct. 25, 2017, pursuant to a share and debenture purchase agreement between Equinox Gold, Mr. Beaty and Sandstor...Read More

Greece to auction 625 mln euros of three-month T-bills on Jan. 10

January 05, 2018 / www.kitco.com

ATHENS, Jan 5 (Reuters) - Greece will sell 625 million euros ($753.13 million) of three-month treasury bills on January 10 to refinance a maturing issue, debt agency PDMA said on Friday.Athens rolled over three-month T-bills last month, with the paper priced to yield 1.60 percent.In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold.The settlem...Read More

UPDATE 1-China says will limit oil, refined product exports to N.Korea

January 05, 2018 / www.kitco.com

(Adding details)BEIJING, Jan 5 (Reuters) - China's Commerce Ministry said on Friday it will limit exports of crude oil, refined oil products, steel and other metals to North Korea, in line with tough new sanctions imposed by the United Nations for Pyongyang's missile tests.The statement comes after the U.N. Security Council last month unanimously voted in favour of new penalties on North Korea fo...Read More

Jan 5 UEX (UEX,TSX) Appoints Laurie Thomas VP Corporate Relations

January 05, 2018 / www.marketwired.com

VANCOUVER, BC--(Marketwired - January 05, 2018) - UEX Corporation (TSX: UEX) ("UEX" or the "Company") is pleased to announce that Ms. Laurie Thomas, CPA, CMA, CPIR has been appointed as Vice President Corporate Relations effective January 2, 2018.Ms. Laurie Thomas is a Chartered Professional Accountant and Certified Professional in Investor Relations with more than 20 years of professional experi...Read More

Gold Benefiting From Copper, Euro Strength

January 05, 2018 / seekingalpha.com

Strengthening copper price and euro currency pave the way for higher gold.Copper miner FCX is also an important leading indicator for gold.Weight of technical evidence still bullish for the yellow metal.Gold remained stable on Thursday near a 3 1/2 -month high as traders took profits after the recent run-up. Skeptics believe the gold rally was purely technical and has largely run its course, but...Read More

Asia Gold-Higher prices dent demand

January 05, 2018 / www.kitco.com

* India prices flip into discount* China premiums fall to $6-$7 from $10 last week By Nithin ThomasPrasad and Rajendra JadhavBENGALURU/MUMBAI, Jan 5 (Reuters) - Physical gold demand across Asia remained subdued this week as prices rallied to a three-and-a-half-month high, keeping retail buyers away from the market.Gold prices hit 3-1/2-month highs on Thursday and were on track for a fourth straig...Read More

FOREX-Euro cements gains as policy surprise hopes grow

January 05, 2018 / www.kitco.com

* Dollar struggles despite strong ISM, ADP data* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 5 (Reuters) - The euro consolidated gains below a four-month high on Friday on some expectations that European policymakers may have to start withdrawing stimulus policies earlier than previously forecasted against the backdrop of a strengthening economy.With the U.S. dollar failing to...Read More

Australia gold exports fall, spur trade deficit

January 05, 2018 / www.marketwatch.com

SYDNEY--Australia's trade deficit widened in November, confounding economists' optimistic expectations and raising the prospect of weaker economic growth in the fourth quarter of 2017. The seasonally adjusted November trade gap of 628 million Australian dollars (US$493 million) was the biggest shortfall in more than a year, and marked the second consecutive deficit after October's result was revis...Read More

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