By Polina Devitt and Christian LoweMOSCOW, Nov 19 (Reuters) - Russian nickel and palladiumproducer Norilsk Nickel (Nornickel) plans to ramp upoutput over the next five years to tap an expected boom indemand from electric vehicle makers, its CEO and top shareholderVladimir Potanin told Reuters.The company, which vies with Brazil's Vale to bethe world's largest nickel producer, has been profitable f...Read More
(Adds detail, quote)HARARE, Nov 19 (Reuters) - Zimbabwe will allow gold andplatinum mining companies to retain up to 55 percent of theirearnings in dollars, government and central bank officials saidon Monday, as authorities in the southern African nation move toensure operators remain viable.Mining accounts for more than two-thirds of Zimbabwe'sexport earnings but the sector has seen some compani...Read More
* Yuan ends onshore trading session at 6.9429 per dollar * Trump-Xi meeting at G20 remains in focus * China sold more U.S. Treasuries in October (Updated to onshore close, adds comments on U.S. Treasury data)By Noah SinHONG KONG, Nov 19 (Reuters) - The yuan dropped against thedollar on Monday as the United States kept up pressure on Chinain their bitter trade dispute and as expectations grew thatC...Read More
LONDON, Nov 19 (Reuters) - Investment bank Goldman Sachssaid on Monday it expected a broad fall in the dollar next yearas U.S. economic growth slows to be more in line with the globalaverage.Goldman said the view meant it had revised it long-standingbearish view on the Japanese yen and tipped Latin Americancurrencies, the Swedish krona, Canadian, Australian, and NewZealand dollars and Israeli shek...Read More
Gold is rolling sideways below the 100-day exponential moving average (EMA) amid heightened US-China trade tensions. The metal could move past the EMA hurdle if the 10-year treasury yield drops below 3.057 percent, confirming a double top breakdown. Gold is flat lined below the 100-day EMA of $1,224 in Asia, having failed to take out that hurdle on Friday, despite the weakness in the US dollar....Read More
Bob Moriarty ArchivesNov 19, 2018 "It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena; whose face is marred by the dust and sweat and blood; who strives valiantly; who errs and comes short again and again, because there is no effort without error or sh...Read More
CloseGain/LossGold $1223.20+$1.30Silver$14.42+$0.01XAU65.70-0.57%HUI148.27-0.19%GDM539.96+0.11%JSE Gold1141.62+20.05USD96.21-0.23Euro114.50+0.33Yen88.76+0.11Oil$56.76+$0.3010-Year3.053%-0.018T-Bond139.8125+0.25Dow25017.44-1.56%Nasdaq7028.48-3.03%S&P2690.73-1.66% The Metals: Gold fell $3.80 to $1218.10 in Asia, but it then rallied back higher in London and New York and end...Read More
By Ira EpsteinGold is in a bullish configuration.https://www.iraepstein.com/ Read More
Source: Michael Ballanger for Streetwise Reports 11/17/2018 Precious metals expert Michael Ballanger discusses the recent rise in precious metals prices and what he sees ahead for the metals. -->As many of us have grown to appreciate over the years, forecasts tend to be nothing more than "educated guesses" and no matter what methods one uses, predicting directional and amplitudinal movement...Read More
By Clint SiegnerPresident Donald Trump isn't thrilled about Jerome Powell's stewardship of the dollar and interest rates. He would like the central bank's help in keeping the economic party going, but so far the Fed Chair just won't play ball. Now the Wall Street Journal has joined the President's call for some renewed stimulus.If officials at the Fed want to pause or even reverse course on rais...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 19, 2018"Buy the Dips" slang for purchasing stocks after a decline in prices Investopedia "Don't be afraid to buy the dip" Warren Buffett, The "Oracle of Omaha," American business magnate, investor, philanthropist "We simply attempt to...Read More
By Rory HallWe have stated time and again that gold is part of the monetary system it is just not on the front burner. If gold were not part of the monetary system national (central) banks would no longer hold it, nor would it be recorded on balance sheets as a Tier 1 asset - in essence, money, which it is. So, this notion that gold is not money, as Ben Bernanke stated in 2011, is a complete f...Read More
Featured GuestsBill Murphy & Rob KirbyShow HighlightsRob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system.The missing $21 trillion dollars (size of US National Debt) in government funds, is possibly held by the exchange stabilization fund (PPT). One likely use for the missing funds could involve the purchase of new US Bond issuance'...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, up 5.41 percent. Palladium surged this week on bets that the Chinese auto industry will boost global demand due to tight supplies of the metal, which is used in vehicle pollution-control devices. Gold traders and analysts were bullish for the second week in a row in the Bloomberg weekly sentiment survey. Many expect the y...Read More
The Era Of Gains is over By Adam TaggartEver since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation:But this has been a quixotic pursuit. Created by pulling tomorrow's prosperity into today, these asset price bubbles are unsustainable, and invariably suffer violent corrections at their end.So far, the central banks...Read More
Strong words, aren't they? And yet, we are not afraid to put them right in the title. The number of factors (and their importance) that point to a nearby reversal and continuation of the major decline is too significant to believe in the bullish case, even though gold, silver, and mining stocks moved higher in the last few days. We emphasized it many times and we will continue to do so, as it's...Read More
By Keith WeinerA long time ago in a galaxy far, far away we wrote a series of articles arguing that bitcoin is not money and is not sound. Bitcoin was skyrocketing at the time, as we wrote most of them between July 30 and Oct 1 last year.Back in those halcyon days, volatility was deemed to be a feature. That is, volatility in the upward direction was loved by everyone who said that bitcoin is mo...Read More
Most warnings about large increases in government indebtedness revolve around future repayment obligations. For example, there is the concern that greatly increasing the government debt in the present will necessitate much higher taxes in the future. For another example, there is the concern that if the debt load is cumbersome at a time of very low interest rates, then as interest rates rise the...Read More
Dear Friend of GATA and Gold:With the latest version of his autobiography, published last month, "Keeping At It -- the Quest for Sound Money and Good Government" -- https://www.publicaffairsbooks.com/titles/paul-volcker/keeping-at-it/978...-- former U.S. Federal Reserve Chairman Paul A. Volcker reiterates that gold price suppression long has been a tool in the arsenal of central banks for surrep...Read More
By John MauldinKnow ThyselfLending Allows SpendingWealth GapA Beautiful DeleveragingIRA MagicThe Joys of Traveling, Puerto Rico and ClevelandScience tells us energy can neither be created nor destroyed within a closed system. Whatever amount is there will stay the same, though it might change form. If only the same were true for debt.Within the closed system called Earth, we are much better at c...Read More