Listen to this podcast on our site by clicking here or subscribe on iTunes here.After gaining nearly 38% from the November 2016 election to Trump's State of the Union speech, the amazing stock market boom finally suffered it first test.Just as soon as the S&P 500 logged a new entry in the record books of going 18 months without a 5% correction, another record quickly followed wi...Read More
Summary: After gaining more than 7% by late January, US stocks have fallen into a 10% correction. It's the quickest decline of that magnitude from an all-time high in 90 years. While a fall in stocks was not a surprise, the speed and severity certainly were.So what happens next? Prior falls like this have led to quick recoveries. That likelihood is further supported by a washout in breadth,...Read More
Gold is still a solid investment in a diversified portfolio, says Axel Merk of Merk Investments.Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use o...Read More
Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was Vice President of the American Economic Association in...Read More
Palisade Research February 12, 2018 Category: Research We first covered Firesteel Resources last November.Here's a little recap. . .Back in June 2017 Firesteel signed a joint venture (JV) agreement with Nordic Mines AB (NOMI) to operate the Laiva Gold Mine – a fully-permitted mine located in Finland. The project has C$325 million of prior exploration and development and the mill is only two...Read More
Palisade Research February 12, 2018Category: Research Here's a little recap. . .We first covered Firesteel Resources last November.Back in June 2017 Firesteel signed a joint venture (JV) agreement with Nordic Mines AB (NOMI) to operate the Laiva Gold Mine – a fully-permitted mine located in Finland. The project has C$325 million of prior exploration and development and the mill is only...Read More
(Kitco News) - Gold prices rose in Asian trading on Monday while the U.S. dollar index edged down, with investors keeping a close eye on the upcoming inflation data.April Comex gold futures last traded at $1,326.30, up 0.81% on the day. And the U.S. dollar index dropped to 90.22, down 0.11% on the day.The yellow metal rebounded after finishing its second week in a row in negative territory on Frid...Read More
Image of Mount St. Helens by Ewen Roberts, via Flickr Creative Commons license. The U.S. Forest Service signed off on exploration for copper, gold and other minerals on 900 federal acres that lie just outside the Mount St. Helens National Volcanic Monument in Southwest Washington.Read moreRead More
SINGAPORE, Feb 12 (Reuters) - Shares in Singapore Exchange Ltd (SGX) fell 8 percent following an unexpected move by India's three main stock exchanges to stop licensing products and data to foreign exchanges to prevent trading from migrating overseas.In early Monday trade, SGX shares tumbled to the lowest since January 2017. The exchange said on Sunday that it will develop and launch new India-acc...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -4.1 pct, CSI300 -4.3 pct, HSI -3.1 pct* CNY official close 6.2969 per dollar, 5.1 pct firmer vs US$ last 90 days* FTSE China A50 -4.4 pct, BNY Mellon ADR China Select Index +1.0 pct SHANGHAI, Feb 12 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets.Policy, governm...Read More
Eighteen people have been killed in Venezuela at an illegal gold mine following clashes with security forces.On Sunday Associated Press reported that there was a confrontation in Bolivar state between an armed gang that was threatening wildcat miners. The army then travelled to the Cicapra mine to try and control the area. No soldiers were among the dead.AP stated:It was the most violent incident...Read More
Feb 12 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS12-FebNorwayAuction of Treasury bills12-FebItaly Bills auction13-FebItaly Medium-long term auction13-FebSpain Auction of 6- and 12-month Treasury bills14-FebGermany Auction of 30-year Federal bonds14-FebJapan Auction of 5-year government...Read More
Feb 12 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 12SYDNEY - Speech by Luci Ellis, RBA...Read More
DUBLIN, Feb 12 (Reuters) - Irish consumer sentiment surged to a 17-year high in January, suggesting consumers are starting to feel the benefits of an improving economy, a survey showed on Monday.Ireland's economy has posted the fastest growth in Europe since 2014 and unemployment has fallen rapidly, but the recovery has been uneven for some consumers with only modest gains in purchasing power.The...Read More
Feb 12 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News ----------------------------------------------------------- This Diary is filed daily. Indicates new events -----------------------------------------------------------SATURDAY, FEBRUARY 10** NEW DELHI - Indian Finance Minister Arun Jaitley will address the Central...Read More
David ShepardsonWASHINGTON (Reuters) - U.S. President Donald Trump will roll out an infrastructure plan on Monday that already faces significant hurdles in Congress because it does not offer as much new federal funding as Democrats want or directly address how to pay for the effort.The plan to use $200 billion in federal funds to try to stimulate $1.5 trillion in infrastructure improvements over 1...Read More
GUASIPATI, Venezuela (Reuters) - Soldiers clashed with illegal miners in southern Venezuela on the weekend, killing 18 people in a region notorious for violence and gang rivalries, a lawmaker and local media said.Bolivar state Governor Justo Noguera said a military unit had fought off an attack, but gave no more details. “An investigation is under way,” he told reporters.Local newspape...Read More
Feb 12 (Reuters) - Australian shares are expected to edge lower on Monday, on the back of weak oil and metal prices.Oil prices slid more than 3 percent on Friday on renewed concerns about rising crude supplies while three-month copper on the LME ended Friday down 1.3 percent, and aluminium at its lowest in seven weeks.The local share price index futures fell 0.5 percent, or 28 points, to 5,724, a...Read More
(Adds earnings date, background)Feb 12 (Reuters) - New Zealands's Fletcher Building Ltd said on Monday it had started discussions with lenders regarding an expected breach of covenants in its financing arrangements, stemming from further losses expected in its building and interiors business.The company also extended its trading halt on its shares until Feb. 14, saying that a review of key projec...Read More
ZURICH (Reuters) - The European Central Bank is concerned that the United States is exerting “political influence” on exchange rates and will make this a theme at upcoming G20 meetings, ECB policymaker Ewald Nowotny said in an interview on Sunday.“We in the ECB are certainly concerned about attempts by the United States to politically influence the exchange rate,” Nowotny t...Read More