DUBAI, Jan 7 (Reuters) - Saudi Arabia's stock market rose in early trade on Sunday after King Salman announced a package of handouts for Saudi citizens to compensate them for the rising cost of living, while several blue chips boosted Qatar's market.The Saudi index gained 0.5 percent in the first hour as real estate developer Dar Al Arkan , the most heavily traded stock, added 2.4 percent. Among t...Read More
* China's FX reserves climb by $20 bln in December* Economists polled by Reuters expected reserves to rise by $6 bln* Eleventh month of gains, longest stretch since June 2014* Reserves rise $129.5 bln in 2017, first annual gain since 2014 (Updating to add forex regulator's comment in 7th para)BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose to their highest in more than a year in...Read More
BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose to their highest in more than a year in December and grew at a faster-than-expected pace, as tight regulations and a strong yuan continued to discourage capital outflows, data showed on Sunday.Notching up their 11th straight month of gains, reserves rose $20.2 billion in December to $3.14 trillion, the highest since September 2016 a...Read More
DUBAI, Jan 7 (Reuters) - A package of handouts from Saudi Arabia's King Salman may boost the Saudi stock market on Sunday while the region in general looks likely to be supported by a positive global trend.King Salman on Saturday ordered extra monthly payments to state employees and pensioners this year as part of a package to compensate citizens for the rising cost of living after the government...Read More
By Ed Steer06 January 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price spent all of Far East trading and most of London trading drifting quietly lower. There was a jump up at on the jobs report at 8:30 a.m. in New York, but that was dealt with in the usual manner. It got sold lower from there -- and the low tick of the day, such was it was, came minutes after 9...Read More
By Steve St. AngeloThe U.S. gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was 212 metric tons versus an estimated 150 metric tons this year. The majority of the decline in U.S. gold demand is from the physical bar and coin sec...Read More
By John MauldinHunt: Chaotic SystemGavekal TrifectaKotok: A Permanent Shift UpwardKrugman: Return to NormalcyRosenberg: Pretty Late in the GameWien: Speculation Reaches an ExtremeJet-Lagged in Hong Kong, Sarasota, and BostonGreetings from Hong Kong, where the locals are preparing to welcome the new year on February 16. While 2018 is the Year of the Dog on the traditional Chinese calendar, on the...Read More
By Ed Steer06 January 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price spent all of Far East trading and most of London trading drifting quietly lower. There was a jump up at on the jobs report at 8:30 a.m. in New York, but that was dealt with in the usual manner. It got sold lower from there -- and the low tick of the day, such was it was, came minutes after 9...Read More
By Steve St. AngeloThe U.S. gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was 212 metric tons versus an estimated 150 metric tons this year. The majority of the decline in U.S. gold demand is from the physical bar and coin sec...Read More
Isn't what most people think it is By Chris MartensonSo... in the past week, I've been asked for advice on Bitcoin by my brother-in-law, my local realtor, and close friends from as far away as Texas.None of them cared to learn what it actually is. Or how it works. They just wanted to understand why suddenly so many folks they know are trying to buy Bitcoin hand over fist. And, of course, should...Read More
By John MauldinHunt: Chaotic SystemGavekal TrifectaKotok: A Permanent Shift UpwardKrugman: Return to NormalcyRosenberg: Pretty Late in the GameWien: Speculation Reaches an ExtremeJet-Lagged in Hong Kong, Sarasota, and BostonGreetings from Hong Kong, where the locals are preparing to welcome the new year on February 16. While 2018 is the Year of the Dog on the traditional Chinese calendar, on the...Read More
From https://thedailycoin.org/Fraser Murrell delves into the history of the Gold Standard and how a modern day version could be put in place.Author: Dr Fraser Murrell, Melbourne AustraliaFirst Posted: Thursday , 20 Nov 2014In the 1600s, Sir Isaac Newton presided over a (bi-metal) Gold and Silver Standard, with the flaw being the fix of silver to gold. In the 1900s, John Maynard Keynes "revolutio...Read More
By Gary SavageThis video details gold and miners likely path over the next couple of months and explains how the flawed psychology of traders ensure this path.https://blog.smartmoneytrackerpremium.com/ Read More
The headline in this Thursday’s Financial Timesreads: “Commodities prices hit highest point since 2014”. The FT articlebegins: “The Bloomberg Commodity Spot Index,which tracks price of 22 raw materials, has hit its highest level since 2014when the oil market price crash started.”A small problem mightbe that the Bloomberg Commodity Spot Index does not include Energy or...Read More
Natural gas is the dog that got its day in the New Year trading at $175/MMBtu spot in New York. Less than a month ago, Gas Exporting Countries Forum expected lower natural gas prices “over the next two decades” mostly due to a surge in supplies from unconventional sources.With the sever winter storm hitting much of North America, temperatures have been tumbling since the start of the N...Read More
Since bottoming on Dec. 12, gold has had an impressive run higher, closing up on 13 out of the past 14 trading days. Or at least that's true for gold prices measured in dollars. But gold prices measured in euros have had a much more tepid response, and have not even made a higher high yet. It is not a bad rally in the euro price of gold, but it is not confirming the higher high in the dollar...Read More
A new year and a new look for the above Gold Scoreboard, incorporating both our conservative and aggressive forecast highs for 2018. Also at right, we've added that which we've oft referred to as "gold's most important graphic": the millennium-to-date track of the U.S. money supply ("M2") vs. the clearly lagging price of gold. Quite a bit of catching up to do, what?A long way to go, to be sure, bu...Read More
The US gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was 212 metric tons versus an estimated 150 metric tons this year. The majority of the decline in U.S. gold demand is from the physical bar and coin sector that is down 56% in...Read More