Jan 31, 2018 Guest(s): Amir Adnani CEO, UEC; Chairman, GoldMining Inc. With the mounting global debt, rallying equities and political turmoil, it would be "absurd" not to be protected with gold, this according to Gold Mining CEO Amir Adnani. Speaking on the sidelines of the Vancouver Resource Investment Conference (VRIC), Adnani who previously said it was "crazy" not be in gold, has upped the an...Read More
Jan 30, 2018 Guest(s): Vince Lanci U.S. stocks and the dollar were down on Tuesday's session, but gold hasn't rallied on the news. Vince Lanci of Echobay Partners said that gold's failure to respond to the dollar signaled that the yellow metal was overbought the first time it rallied."Gold's underperformance, or not getting the message from the dollar today, is a red flag," Lanci told Kitco New...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
Silver has often rebounded nearly 100% within 12-15 months afterContinue...Read More
(Kitco News) - Gold equities are underperforming strong gold prices, which reveals a “clear buy signal,” according to BMO Capital Markets.“Gold equities have underperformed the metal and are now trading at early 2016 levels - a clear buy signal that is starting to be noticed,” Andrew Kaip, BMO Capital Markets analyst, said in a note published on Friday.The underperformance...Read More
SHANGHAI, Jan 29 (Reuters) - China's central bank said it will skip open market operations for the third straight trading day on Monday as liquidity levels in the banking system were "appropriate and stable".On a net basis, the People's Bank of China (PBOC) will drain 140 billion yuan ($22.15 billion) from the money market for the day, equal to the amount of reverse repos due to mature o...Read More
* Dollar index near 3-year low as Mnuchin comments vibrate* Dollar also losing investment edge By Hideyuki SanoTOKYO, Jan 29 (Reuters) - The dollar wobbled near three-year lows against a basket of major currencies on Monday, struggling to pull ahead from six straight weeks of losses amid its evaporating yield advantage and doubts about Washington's commitment to a strong currency. The dollar's in...Read More
(Kitco News) - U.S. President Donald Trump’s ‘America First’ agenda “keeps on giving to the commodity bulls,” which is creating a bid for gold, TD Securities said in a report.“The gifting started back in November 2016, when the newly minted President-elect Trump promised America a massive infrastructure spending program. More recently, the President followed up...Read More
* Aussie shares up 0.4 pct* Banks gain the most and oil prices support energy stocks* NZ shares up 0.2 percent as telecom and utilities firm By Aditya SoniJan 29 (Reuters) - Australian shares firmed on Monday, led by financials, taking a cue from Wall Street which closed at record levels after strong earnings reports. Boosted by the latest round of earnings including Intel and AbbVie , the three...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.3 pct, CSI300 +0.4 pct, HSI +1.5 pct* HK->Shanghai Connect daily quota used 15.7 pct, Shanghai->HK daily quota used 18.3 pct* HK->Shenzhen Connect daily quota used 8.8 pct, Shenzhen->HK daily quota used 14.7 pct* CNY official close 6.3295 per dollar* FTSE China A50 +0.5 pct, BNY Mellon ADR China Select Index +2.2 pct SHANGHAI, Jan 29 (Reuters...Read More
Jan 29 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 29-JanItaly Bills auction30-JanJapan Auction of 2-year government bonds30-JanItaly Medium- to Long-Term auction30-JanBelgium Auction of Treasury bills31-JanSwedenAuction of Treasury bills31-JanGermany Auction of 5-year Federal notes31-J...Read More
By Huw JonesLONDON, Jan 29 (Reuters) - Uncertainty over Britain's future trading relations with the European Union after Brexit is the most serious threat to London as the world's top financial centre, a business survey showed on Monday.The quarterly survey from business lobby CBI and consultants PwC said optimism in the financial services sector fell for the third consecutive quarter in the three...Read More
(Adds Mitsui statement, background)Jan 29 (Reuters) - Japan's Mitsui & Co has made a $481 million offer to buy Australia's AWE Ltd , trumping bids from two other companies that are all vying for a stake in the promising onshore Waitsia gas field.The Mitsui offer of A$0.95 per share in cash, or about A$594 million, is at an 11.8 percent premium to the closing level of AWE stocks on Thursday.It...Read More
LONDON (Reuters) - U.S. President Donald Trump has threatened to confront the European Union over what he calls “very unfair” trade policy toward the United States.Trump has demanded tougher enforcement of trade rules and last week signed into law 30 percent tariffs on imported solar panels, among the first unilateral trade restrictions made by the administration as part of a broader p...Read More
David Lawder, David LjunggrenMONTREAL (Reuters) - U.S. Trade Representative Robert Lighthizer is hopeful about talks to renegotiate the North American Free Trade Agreement but realizes a great deal of work remains, Republican U.S. Congressman Dave Reichert said on Sunday after a briefing.Officials from the United States, Canada and Mexico will wrap up the sixth of seven planned rounds of talks on...Read More
LONDON (Reuters) - U.S. President Donald Trump said he sometimes tweets from bed.When asked about whether he tweeted from bed with his phone, Trump said: “Well perhaps sometimes in bed, perhaps sometimes at breakfast or lunch or whatever, but generally speak during the early morning, or the evening...I am very busy during the day.”In an interview on Britain’s ITV channel that was...Read More
* I am a stable genius and I eat good food, Trump says* Trump: I need social media in an era of fake news* Trump says he is very popular in United Kingdom* Women like me because I support the military - Trump* On Macron, Trump says: I like him a lot (Recasts lead)By Andrew MacAskillLONDON, Jan 28 (Reuters) - U.S. President Donald Trump, who has garnered a large following on social media with rambu...Read More
LONDON (Reuters) - U.S. President Donald Trump said he was a stable genius and that he eats good quality food.When asked by Britain’s ITV about his health and some perceptions that he was insane and physically unfit, Trump said: “I am a stable genius.”When asked about eating burgers and drinking Coke, Trump said: “I eat fine food, really from some of the finest chefs in the...Read More
Jan 29 (Reuters) - Australian shares are likely to open higher on Monday, led by financials, tracking Wall Street which rose to closing records last week on strong earnings reports. Boosted by the latest round of earnings, including those from Intel and AbbVie , the three main U.S. indexes climbed to record closing highs on Friday. However, gains in the benchmark Australian index might be capped b...Read More
Jan 29 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,050.00 -4.70 NZX 50**8,311.42 -58.36DJIA**26,616.71223.92NIKKEI**23,631.88-37.61Nasdaq**7,411.16494.61 FTSE**7,665.54 49.70S&P 500** 2,872.87 33.62 Hang Seng** 33,154.12499.67SPI 200 Fut 6,015.030.0STI** 3,567.14 -5.48SSEC**3,559.0875 10.78 KOSPI** 2,574.76 12.53----------------------------------------------------...Read More