Continue...Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents' Bankers: The Hidden Alliances that Drive American Pow...Read More
(Kitco News) - Dell has a new initiative — mining old or broken laptops for gold and turning the recycled metal into jewelry.The tech giant wants to encourage recycling of old electronic devices and it's teaming up with actress Nikki Reed to start a new jewelry line, which will use only recycled materials for its products.Small amounts of gold can be found in any device in your home, as the...Read More
CloseGain/LossGold $1317.40+$3.40Silver$16.98-$0.02XAU86.07+1.32%HUI194.29+1.04%GDM650.01+0.39%JSE Gold1313.06+26.39USD92.32-0.19Euro119.57+0.18Yen89.79+0.91Oil$63.57+$0.6110-Year2.552%+0.004T-Bond150.03125-0.1875Dow25369.13-0.07%Nasdaq7153.57-0.14%S&P2748.23-0.11% The Metals: Gold fell $5.50 to $1308.50 in early Asian trade before it jumped up to as high as $1327.10 at about 6AM EST and the...Read More
- Gold at all time in eight major emerging market currencies- A stronger performance than seen when priced in USD, EUR or GBP- As world steps away from US dollar hegemony expect new gold highs in $, EUR and ?- Gold is a hedge against currency debasement and depreciation of fiat currenciesEditor: Mark O'ByrneSource: allstarcharts.com h/t @DominicFrisbyWhen we talk about the gold price we all...Read More
(Adds comments by Li on the drivers of the economy)BEIJING, Jan 11 (Reuters) - China's Premier Li Keqiang said the economy is expected to have grown around 6.9 percent last year, the official Xinhua news agency reported, accelerating from a 26-year low the year before. In the past year, China's economy has maintained a steady and favourable trend, with the overall situation better than expected,...Read More
NEW YORK, Jan 10 (Reuters) - The U.S. Securities and Exchange Commission has shut down a committee of equity market experts that advised the regulator on stock market reforms, according to two people with direct knowledge of the matter.The SEC formed the 17-member Equity Market Structure Advisory Committee in 2015 to help it dig into issues such as excessive market volatility and potential conflic...Read More
By Wayne ColeSYDNEY, Jan 11 (Reuters) - Australian retail sales boasted the biggest monthly rise in four years in November as consumers splashed out on Apple iPhones and Black Friday promotions, a major boost for an economy that had been struggling with sluggish spending.The local dollar jumped a third of a U.S. cent to $0.7874 as the surprising strength helped counter concerns consumers had lapse...Read More
* Dollar steadies vs yen after biggest 1-day drop since May* Yen supported by speculation of BOJ's eventual stimulus exit By Masayuki KitanoSINGAPORE, Jan 11 (Reuters) - The dollar nursed its losses against the yen on Thursday, having suffered its biggest one-day drop in nearly eight months following a report that China was ready to slow or halt its purchases of U.S. Treasuries.Officials reviewin...Read More
MEXICO CITY, Jan 10 (Reuters) - Mexican central bank governor Alejandro Diaz de Leon said on Wednesday that if the United States decided to withdraw from NAFTA, there would likely be an impact on the peso and the goal of reducing inflation would become more complex.Diaz de Leon was responding to a question about a Reuters report that Canada is increasingly convinced that President Donald Trump wil...Read More
(Repeats to attach to alerts)BEIJING, Jan 11 (Reuters) - China's Premier Li Keqiang said the economy is expected to have grown around 6.9 percent last year, according to the official Xinhua news agency. China's foreign exchange reserves continued to rise last year, while the country's corporate leverage ratio declined at a steady pace, Li said at the Mekong-Lancang Cooperation Forum in the Cambod...Read More
BEIJING, Jan 11 (Reuters) - China's Premier Li Keqiang said the economy is expected to have grown around 6.9 percent last year, according to the official Xinhua news agency. China's foreign exchange reserves continued to rise last year, while the country's corporate leverage ratio declined at a steady pace, Li said at the Mekong-Lancang Cooperation Forum in the Cambodian capital of Phnom Penh on W...Read More
WASHINGTON, Jan 10 (Reuters) - The U.S. Senate will next month hold a hearing with the country's top markets regulators to discuss the risks posed by cryptocurrencies such as bitcoin, a person with direct knowledge of the matter told Reuters.The Senate Banking Committee will take testimony from Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo and Securities and Exchange C...Read More
* Caisse CEO says Canada "not baby seal waiting to be slaughtered"* Sabia says Bank of Canada should be careful with rate rises* Brookfield CEO sees opportunities in UK on lower valuations* Flatt says less than 7,000 financial jobs at risk after Brexit (Adds Brexit comments from Brookfield CEO, further comments from Caisse CEO on Canadian economy, bullets)By Matt ScuffhamTORONTO, Jan 10...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.2 pct, CSI300 +0.4 pct, HSI +0.2 pct* HK->Shanghai Connect daily quota used 10.8 pct, Shanghai->HK daily quota used 33.2 pct* HK->Shenzhen Connect daily quota used 2.5 pct, Shenzhen->HK daily quota used 4.0 pct* CNY official close 6.5071 per dollar* FTSE China A50 +1.2 pct, BNY Mellon ADR China Select Index -0.6 pct SHANGHAI, Jan 11 (Reuters)...Read More
(Kitco News) - Gold and silver investments should not be missed out on amid the recent crypto craze, said ABC Bullion’s global general manager, pointing out that risks associated with digital currencies are often overlooked.Crypto’s “huge returns of late” might not be able to protect traders against much bigger problems that exist within the cryptocurrencies space, Nicholas...Read More
Jan 11 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS11-Jan United States Sale of 30-year bond11-Jan Japan 3-month discount bill auction11-Jan United KingdomAuction of 1 3/4 % Treasury Gilt 203711-Jan Italy Medium- to Long-Term auction12-Jan Japan Auction of 40-year government bonds15-Jan...Read More
Jan 11 (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 ----------------------------------------------------------- THURSDAY, JANUARY 11 LONDON - Eurogroup President Jeroen Dijsselbloem speaks about the future of...Read More
A recent study published in the journal California History reveals that, together with hundreds of people, exotic animals arrived in California during the Gold Rush of the 1850s.According to the study's author, Ph.D. candidate in the Department of Anthropology at The University of New Mexico Cyler Conrad, the men and women who landed in the northwestern state with the dream of striking it rich car...Read More
Klondex Mines Ltd. (KDX:TSX) announced this week the immediate reduction of underground mining operations and workforce at its True North mine, located about 165 kilometres northeast of Winnipeg, in the Canadian province of Manitoba.Although Klondex had big hopes for the 43,000-hectare complex when it acquired it in January 2016, the mine didn't make as much money as it was supposed to in 2017. Pr...Read More
ST. LOUIS (Reuters) - Sub-par inflation over the past five years has caused a shortfall in the United States economy versus its potential growth path, St Louis Fed President James Bullard said on Wednesday as he fleshed out a proposal for a more dynamic system of setting price increase goals.Several policymakers are encouraging the U.S. central bank to review its method for controlling inflation a...Read More