* Euro's 2-1/2 peak against dollar within sights* Commodity currencies rally again* MiFID II introduction weighs on volumes* Graphic: World FX rates in 2017 (Adds details, quote)By Tommy WilkesLONDON, Jan 2 (Reuters) - The euro traded close to its highest level in three years against a broadly weaker dollar on Tuesday, the first trading day of 2018, on optimism over a brightening economic picture...Read More
By Jatindra DashBHUBANESWAR, India, Jan 2 (Reuters) - India's top iron ore state is likely to produce 100 million tonnes of ore in the 2017/18 fiscal year, in line with its target, despite authorities ordering the closure of some mines, a senior government official told Reuters on Tuesday.The eastern state of Odisha suspended operations of seven mines after leaseholders failed to meet a deadline o...Read More
PRAGUE, Jan 2 (Reuters) - The Czech crown firmed to its strongest level in one month on Tuesday after data pointed to a solid growth outlook for the country's economy.At 1149 GMT, the crown traded at 25.498 per euro, up 0.18 percent on the day and the strongest level since November 30, according to Reuters trading system data. Czech manufacturing business sentiment improved more than expected in D...Read More
SANTIAGO, Jan 2 (Reuters) - Chilean central bank policymakers decided unanimously to leave the benchmark interest rate unchanged at 2.5 percent in December but the committee considered a 25-basis-point cut, minutes of that month's meeting showed on Tuesday.In its last meeting of 2017, policymakers cited a "a fragile recovery" of the economy in justifying their decision.Chilean inflation...Read More
(Adds Swala Oil and Gas, CanniMed)Jan 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: ** Tanzania's Swala Oil and Gas will buy up to a 40 percent stake in Orca Exploration Group's PAE PanAfrican Energy Corp. for $130 million, Swala said. ** Medical marijuana company CanniMed Therapeutics Inc said it had entered into an agreement with Up...Read More
By Sujata RaoLONDON, Jan 2 (Reuters) - Emerging stocks surged one percent on Tuesday to the highest in 5-1/2 years, lifted by a weak dollar, data indicating robust economic growth and bullish commodities.Many emerging market country currencies also hit multi-week peaks.The first trading day of the year saw emerging stocks and bonds extend the previous year's gains, especially after purchasing mana...Read More
BRUSSELS, Jan 2 (Reuters) - Belgium raised 2.185 billion euros ($2.64 billion) in an auction of short-term treasury bills on Tuesday with negative yields for both maturities sold, the country's debt agency said.Three- month treasury bills, the most frequently auctioned maturity, yielded a negative 0.621 percent, while six-month bills were sold for a negative yield of 0.615 percent.Investors have p...Read More
SAO PAULO, Jan 2 (Reuters) - Vale will conclude the sale of a fertilizer unit to the Mosaic Company with adjustments on Jan. 8, the Brazilian miner said in a securities filing on Tuesday.Vale said it will retain control of the TIPLAM port terminal, an asset which was originally included in the deal, and will receive $1.15 billion plus 34.2 million shares in Mosaic Co , equivalent to 8.9 percent of...Read More
By Rajendra JadhavMUMBAI, Jan 2 (Reuters) - India's gold imports surged 67 percent in 2017 from the previous year to 855 tonnes as jewellers replenished inventory amid a rebound in retail demand, provisional data from precious metals consultancy GFMS showed.The rebound in purchases by India, the world's second-biggest consumer of gold after China, could support global prices , which are already ne...Read More
* Euro's 2-1/2 peak against dollar within sights* Commodity currencies rally again* Graphic: World FX rates in 2017 By Tommy WilkesLONDON, Jan 2 (Reuters) - The euro climbed to a four-month high against a broadly weaker dollar on Tuesday, the first trading day of 2018, on optimism over a brightening economic picture in the euro zone.It finished 2017 with its best year against the dollar since 2003...Read More
Jack ChanPosted Jan 1, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation recovered sharply from the lowest level in years.The breakdown on USD this week is supportive for overal higher metal prices in coming weeks.Summa...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 2, 2018The world’s most awesome asset is taking the world gold community into the new year with grand style. Pleaseclick here now. Double-click to enlarge. Gold has stunned most analysts and roared to my $1310 target price without missing a heartbeat!The bull wedge pattern is bo...Read More
CloseGain/LossGold $1318.20+$15.00Silver$17.17+$0.23XAU88.14+3.36%HUI198.60+3.27%GDM666.00+2.30%JSE Gold1317.36+13.77USD91.86-0.44Euro120.65+0.62Yen89.12+0.31Oil$60.37-$0.0510-Year2.458%+0.047T-Bond151.84375-1.15625Dow24824.01+0.42%Nasdaq7006.90+1.50%S&P2695.79+0.83% The Metals: Gold gained $11.20 to $1314.40 in midmorning New York trade before it pared back heading into midday, but it the...Read More
By Ira EpsteinGold and silver have a nice start to the year. Budget talks will be in focus.https://www.iraepstein.com/ Read More
By Jordan Roy-Byrne There are very few sellers leftThere were very few sellers left in January 2016 when the devastating "forever bear" was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able...Read More
Source: Jack Chan for Streetwise Reports 01/02/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting buy signals for both gold and silver at the close of 2017. -->Our proprietary cycle indicator is up.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...Read More
Graceland Updates By Stewart Thomson 1. The world's most awesome asset is taking the world gold community into the new year with grand style. Please click here now. Double-click to enlarge. Gold has stunned most analysts and roared to my $1310 target price without missing a heartbeat!2. The bull wedge pattern is both majestic and powerful. The ultimate price target of this p...Read More
Gold has broken the $1300 resistance point. How much higher will it go? We've been at this point several time, however, this could be the one that propels gold much higher. The cycles guys have been saying it for a while. But it might just be a seasonal bounce. The key is if it breaks last year's monthly high of $1350. In other news, debt continues to climb higher around the globe and military ten...Read More
By Dave KranzlerI experienced a real eye-opener this past week. The lease on my fiance's Audi A3 terminates soon. I was scanning the "pre-owned" inventory at the two largest Audi dealers in Denver expecting to see some good deals on 2013/2014 Audi A4's that had come off lease. Instead, I was shocked to see at both dealers a large selection of 2016/2017 A4s with less then 20k miles. Some under 10...Read More
Join Mike Maloney for his latest report on what he expects for 2018. Bitcoin, stocks, gold and silver are all covered in this in-depth look at today's financial climate...strap in because this is not going to be pretty - unless you are a precious metals or crypto investor.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global l...Read More