* Share price falls as results miss forecasts, costs rise* CEO says will meet activist investor Elliott Advisors (Adds bullets, share price)By Melanie BurtonMELBOURNE Feb 20 (Reuters) - Global miner BHPreported a 25 percent rise in underlying half-year profit on Tuesday, and handed an extra $800 million to shareholders, but it fell short of analyst forecasts and rising costs also dragged down the...Read More
S&P 500 Index contracts decline; oil holds gains above $62U.S. markets were closed Monday for Presidents' Day holidaySean Callow, senior currency strategist at Westpac, discusses Bank of Japan monetary policy and the yen.Asian stocks took their cue from a decline in U.S. futures to open lower and the yen consolidated after its biggest drop in two weeks. The dollar steadied and oil climbed in...Read More
Banks must give exporters access to funds within 14 daysCentral bank sets up investment desk for diaspora investmentZimbabwe's tobacco market. Photographer: Desmond Kwande/AFP/Getty ImagesZimbabwe’s central bank said it plans to sell bonds for citizens outside the country to invest in gold and tobacco output as it also introduces banking rules to encourage money flows and exports.The R...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comFeb 20, 2018I’ve noted that when China’s markets go quiet during the “Golden Week”holiday, the gold price tends to soften.Pleaseclick here now. Double-click to enlarge this key gold chart. Price softness is expected during this holiday, and the good news is that it...Read More
CloseGain/LossGold $1330.70-$18.00Silver$16.47-$0.21XAU80.83-2.89%HUI178.98-3.23%GDM614.69-2.70%JSE Gold1152.60-41.04USD89.71+0.56Euro123.37-0.75Yen93.37-0.63Oil$61.79+$0.2410-Year2.881%+0.010T-Bond143.9375-0.0625Dow24964.75-1.01%Nasdaq7234.31-0.07%S&P2716.26-0.58% The Metals: Gold waffled near unchanged in holiday thinned trade yesterday before it fell $13.20 to as low as $1335.50 at abou...Read More
By Ira EpsteinMetals give up Friday's gains and more.http://iraepstein.com/ Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
London Analyst Alasdair MacLeod also tells Silver Doctors China's trade, not America's, is now driving the global economy. He explains the impact this is having on the U.S. dollar.As the U.S. dollar declines, gold and silver will rise, MacLeod says.He says optimism about the economy is a sign the last phase of the credit cycle has arrived. Will the coming crisis be worse that 2008? He believes thi...Read More
Source: Jack Chan for Streetwise Reports 02/20/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term...Read More
Unemployment at all time lows, consumer confidence at all time highs, what could possibly go wrong, go wrong, go wrong? Well according to Charles Nenner, a lot. These are actually contrary indicators that show the economy is close to a peak. If he's right, and there's every reason to believe he is, then there's rough sledding ahead. We may be getting close to a recession. He sees the dollar headin...Read More
By Jeff ClarkWe buy gold for many reasons as monetary insurance, a crisis hedge, and even for simple diversification. And another one of those reasons is coming to the fore right now: as a hedge against overvalued stock and crypto markets.We've been saying for some time that sooner or later these two markets had to correct and that gold would serve as a buffer against those inevitabilities. It's...Read More
Viewer Submitted Questions:Question 1. BlueMariner777-How can they falsely push down the spot gold market when folks are buying real gold based on those prices. Aren't they doing something illegal to falsely push the market down?Question 2. Wayne C: if physical gold/silver prices are tied to the spot price by the metals brokers, should I wait until after the crash to buy physical gold/silver at th...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long time journalist and a hard money advocate and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA's work over the years some i...Read More
As John sees it, the latest tax cut has merely cleared the way for even more stock buybacks. This does nothing to help the employees or the economy, but the management will profit handsomely. And therein lies the problem. While the employees are getting modest bonuses and raises, upper management is scoring big time. This will eventually lead to unrest and rebellion. Let's see if he's right or if...Read More
Graceland Updates By Stewart Thomson 1. I've noted that when China's markets go quiet during the "Golden Week" holiday, the gold price tends to soften.2. Please click here now. Double-click to enlarge this key gold chart. Price softness is expected during this holiday, and the good news is that it is occurring on very light volume.3. The bears would argue there's a small dou...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up an impressive 7.17 percent after having been trending down since the middle of January. The weekly Bloomberg survey showed gold traders are overwhelmingly bullish after being bearish last week as the yellow metal is set for its best week since April 2016. A falling U.S. dollar has boosted demand for b...Read More
By Jordan Roy-Byrne CMT, MFTAGold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the gold stocks (and Silver) is a signal that Gold is unlikely to breakout now. In fact, if Gold were to correct here the gold st...Read More
"I think that's certainly something that's on the table for us to discuss and that we expect to come up over the next couple of weeks," Continue...Read More