Brandon is a seasoned professional licensed in the Private Equity sector with extensive experience in the precious metals field. He hosts Continue...Read More
Goldand silver investors got a rare bit of good news on the enforcement front lastweek.Atrader from JPMorgan Chase pled guilty to rigging the preciousmetals futures markets.JohnEdmonds admitted to cheating the bank’s clients and plenty of other peoplenaive enough to expect fair treatment on the COMEX and other exchanges. Whilethis is by no means the first time a banker has been caught cheati...Read More
– Investors in Ireland, the UK and internationally can for the first-time own gold in a secure and liquid way in accredited, professionally managed, fully insured, institutional grade vaults – Secure gold investment in Ireland for first time as global risks intensify and Dublin will compete with London as a favoured gold storage location– Brexit will lik...Read More
Image: Denis Costille/Shutterstock.com(Kitco News) - France wants to play a bigger role in the international bullion market by capturing part of London’s global gold trade following Brexit, according to British news reports.In the most recent step to up its game, the Bank of France announced a partnership with the U.S. banking group JPMorgan that will offer a range of new gold bullion servic...Read More
(Kitco News) - Brexit is making headlines again and the uncertainty on whether or not negotiations between UK and EU officials will lead to an agreement has kept the European economy on edge.However, according to one key European official, regardless of the outcome, the continent needs to focus on maintaining its “Union,” which he says has continued to benefit the continent and its cit...Read More
(Adds details, quotes, base metals output)BEIJING, Nov 14 (Reuters) - China's primary aluminium outputfell for a third straight month in October, according toofficial data released on Wednesday, as low aluminium pricesprompted smelters to cut production even beforegovernment-mandated winter restrictions kick in.The world's top aluminium maker produced 2.72 million tonnesof the metal last month, ac...Read More
Collapse of global stock markets can result in all metals and energies falling. Reason: Liquidity. Nervous investors will prefer to sit on cash. The continuous zoom up and nosedive pattern of global stock markets and currency markets will prevent retail investors from investing as well as trading. They will just use sharp rises to exit their investment and nothing else. Physical buyers of gold...Read More
(Kitco News) - Gold is looking to end a year on a strong note, according to one long-standing gold bull, who sees the recent strength in the U.S. dollar and the U.S. real rates as only temporary.Investors will be choosing gold again once the divided political environment in the U.S. pushes the greenback down, Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post o...Read More
Mumal Rathore, Shrutee SarkarBENGALURU (Reuters) - Euro zone GDP growth will hit a faster albeit still modest rate this quarter, allowing the European Central Bank to end its stimulus program next month as planned, despite economic and political concerns, a Reuters poll found.The Nov 8-13 poll of nearly 90 economists predicted economic growth of 0.4 percent this quarter, double the unexpectedly we...Read More
Stanley White, Leika KiharaTOKYO (Reuters) - Japan’s economy contracted more than expected in the third quarter, hit by natural disasters and a decline in exports, a worrying sign that trade protectionism is starting to take its toll on overseas demand.The 1.2 percent annualized contraction in July-September was more than the median estimate for 1.0 percent growth in annual terms. It followe...Read More
TOKYO (Reuters) - Japan’s economy contracted in the third quarter, hit by natural disasters and a decline in exports, a worrying sign that trade protectionism is starting to take its toll on overseas demand.The 1.2 percent annualized contraction in July-September was more than the median estimate for 1.0 percent growth in annual terms. It followed a robust 3.0 percent annualized growth in th...Read More
Oil stocks Chevron and Exxon Mobil weighed on the DJIThe Dow traded in a range of more than 300 points on both sides of breakeven, before ultimately ending lower. Apple (AAPL) continued to weigh on the index, as did a disappointing post-earnings performance from Home Depot (HD). Boeing (BA) stock was among the biggest Dow drags, amid reports the firm failed to disclose potential 737 Max flight iss...Read More
NEW YORK (Reuters) - Wall Street stock prices shed earlier gains on Tuesday while oil prices plunged on persistent concerns of weakening global demand.The U.S. benchmark S&P 500 stock index .SPX turned negative after energy stocks were depressed by falling Brent and U.S. crude futures. Oil prices tumbled 7 percent, with U.S. crude touching its lowest level in a year.Brent and U.S. crude exte...Read More
BERLIN (Reuters) - NATO is developing new hi-tech tools, such as the ability to 3D-print parts for weapons and deliver them by drone, as it scrambles to retain a competitive edge over Russia, China and other would-be battlefield adversaries.General Andre Lanata, who took over as head of the NATO transformation command in September, told a conference in Berlin that his command demonstrated over 21...Read More
David GaffenNEW YORK (Reuters) - Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply.U.S. futures closed down 7.1 percent, for a record 12th straight decline and the lowest since November 2017. More than 980,000 contracts changed hands, as funds shed positions....Read More
Karen Freifeld(Reuters) - President Donald Trump is expected to provide written answers to questions from the special counsel probing Russian interference in the 2016 U.S. presidential election as soon as this week, a person familiar with the matter said on Tuesday.The questions from Special Counsel Robert Mueller that Trump is preparing to answer relate only to Moscow’s involvement in the e...Read More
Steve HollandWASHINGTON (Reuters) - U.S. President Donald Trump is expected to remove Department of Homeland Security chief Kirstjen Nielsen and is considering replacing chief of staff John Kelly in another shakeup of his administration, a source close to the White House said.Trump has been mulling removing Nielsen, a Kelly protege who became the secretary at Homeland Security when he left the job...Read More
WASHINGTON (Reuters) - The U.S. federal government ran a $100 billion deficit in October, the first month of the new fiscal year, according to data released on Tuesday by the Treasury Department.The deficit was in line with analysts' expectations.The Treasury said federal spending rose 18 percent from the year-earlier month to $353 billion in October, while receipts were up 7 percent to $253 billi...Read More
(Reuters) - Home Depot Inc (HD.N), the biggest U.S. home improvement chain, suggested on Tuesday that the pace of U.S. home sales was slowing, and said impending trade tariffs could force it to raise prices on some products.The warning from the country’s top seller of power tools, flooring and lawnmowers overshadowed its stronger-than-expected third-quarter results and a higher annual sales...Read More
SAN FRANCISCO (Reuters) - Nigeria’s Main One Cable Co took responsibility on Tuesday for a glitch that temporarily caused some Google global traffic to be misrouted through China, saying it accidentally caused the problem during a network upgrade.The issue surfaced on Monday afternoon as internet monitoring firms ThousandEyes and BGPmon said some traffic to Alphabet Inc’s Google had be...Read More