LONDON, Oct 16 (Reuters) - Hardline eurosceptics in BritishPrime Minister Theresa May's party are threatening a vote of noconfidence in her leadership within the next couple of weeks,unless she drops her "Chequers" plans for Brexit, the DailyTelegraph reported on Tuesday."If the cabinet does not chuck Chequers I think we will havea vote of no confidence ... by this week, next week....Read More
* Shanghai stocks close weaker, blue-chip CSI300 index down * Gains in Shanghai stocks led by Guirenniao Co Ltd andlosses byShanghai Hongda Mining Co Ltd * China's A-shares are at a 22.82 percent premium overH-shares SHANGHAI, Oct 16 (Reuters) - China stocks reversed earlygains to end lower on Tuesday, after data showed factory-gateinflation had cooled for a third straight month in Septemberamid l...Read More
Retail sales in the U.S. barely rose in September, with a bounce in motor vehicle purchases offset by the largest fall in expenditure on restaurants and bars in almost two years.Published 22 Hours AgoUpdated9 Hours AgoReuters Gold prices held steady on Tuesday near last session's 2-1/2-month high as risk-averse investors sought refuge in the metal amid rising political tensions and economic uncert...Read More
Did you know that when bears go into hibernation they can lose up to 30% of their body weight.Following data on Friday that gold bears have increased their short position, despite a sharply rising gold price, it seems they are doubling down and perhaps hoping all will be fine after a period of hibernation... while risking similar losses, notes Ross Norman, CEO, Sharps Pixley Ltd."The latest CFTC...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks fell on Monday following last week's sharp losses. The Dow Jones Industrial Average fell 4.2% last week, the S&P declined 4.1% and the Nasdaq tumbled 3.7%. It was the worst weekly performances for the indexes since March.Sears Holdings Corp. (SHLD) filed for Chapter 11 bankruptcy protection. Sears' controlling shareholder,...Read More
The Monday Market Minute Global stocks weaken as geopolitical and trade tensions keep investors cautious following last week's selling on Wall Street.Saudi Arabia has vowed to react to any punishment meted out following the disappearance of prominent journalist Jamal Khashoggi in Turkey last week.Japanese stocks tumble amid concern the U.S. could use currency manipulation rules in future trade a...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comOct 16, 2018 With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed.What comes next for these key markets and what are the main factors at play?Please click here now. Double click to enlarge this daily gold chart...Read More
CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest...Read More
By Ira EpsteinGold might pullback a bit as Risk On mentality in stocks takes hold.https://www.iraepstein.com/ Read More
Source: Michael Ballanger for Streetwise Reports 10/14/2018 Precious metals expert Michael Ballanger discusses the stock market volatility of the last week and what it may mean for precious metals. -->When asked about the dominant theme for the markets last January, I said that the one thing I looked forward to was a return of "VOLATILITY" as the Federal Reserve Board moved to "normalize" t...Read More
Graceland UpdatesBy Stewart Thomson 1. With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed. What comes next for these key markets and what are the main factors at play?2. Please click here now. Double click to enlarge this daily gold chart.3. What began innocently as a bullish non-confirmation be...Read More
As a general rule, the most successful man in life is the man who has the best information By Richard (Rick) Mills The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Iran nuclear agreement, known formally as t...Read More
SPX continued losses. CPI slowed down. IMF cut its projection of global growth. What does it all imply for the gold market? Stock Market Turmoil Continues Let's start from the US stock market. In the last edition of the Gold News Monitor, we discussed the Wednesday's stock market turmoil. But the bear market continued later. On Thursday, the SPX extended its losses, declining about 2 percent....Read More
COLORADO SPRINGS, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold, 321,590 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operatio...Read More
By Avi GilburtI am certain of death. I am certain of taxes. And, I am certain of tax reform. (Sorry, that was an old tax attorney joke.)However, non-linear financial markets never lend themselves to certainty. Rather, the best we can do is look for clues that provide us with high-probability perspectives. That is what I use Elliott Wave analysis to do, in addition to supporting sentiment reading...Read More
By Frank HolmesAccording to the 2018 edition of the Stock Trader's Almanac, October has been a "great" time to buy. Once ranked last in terms of stock performance, the 10th month has delivered relatively average returns since 1950. What makes it so attractive is that it's followed by November and December, historically among the very best months for stocks. We're also entering the three most bul...Read More
Stock market bulls could catch a break if the retracement in Treasury yields continues for a while. The chart shows yields on the Ten-Year Note to have peaked last week at 3.25%. The correction has since hit 3.12% and could conceivably go lower. Although my rally target at 3.32% lies significantly above, that target comes from the weekly chart, and charts of lesser degree look maxed out for th...Read More
(Reuters) - Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983."We have a really exciting announcement coming this Thursday, learn more about it here...""While the exchang...Read More
Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More
Anya Parampil reports on new numbers released by the US Treasury Department which show the federal deficit ballooned to $779 billion during President Trump's first fiscal year in office. Tax cuts for the wealthy and soaring military spending are blamed for the increase. Anya is joined by Walter Smolarek, Organizer at the Answer Coalition, and Peter Schiff, CEO of Euro Pacific Capital, to reflect o...Read More