Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices fell on Tuesday as concerns about a further escalation in the U.S.-China trade war boosted the U.S. dollar, eroding bullion's appeal as it tested key technical support.Spot gold was down 0.47 percent to $1,223.61 per ounce, having touched $1,219.37, its lowest since Oct. 18. U.S. gold futures settled at $1,225.30 an ounce.The dollar climb...Read More
TOKYO, Oct 30 (Reuters) - Honda Motor Co reportedon Tuesday a 40.2 percent jump in second-quarter operatingprofit due to higher motorcycle sales in Asia and costreductions, and as the year-ago earnings were hurt by pensionaccounting changes and litigation settlements.Japan's No. 3 automaker posted a 214.4 billion yen ($1.90billion) operating profit for July-September, up from 152.9billion yen a ye...Read More
Here Are 4 Hot Things to Know About Stocks Right Now Dow logs eighth losing session in past 11The Dow remains in the red for the year. The S&P 500 also declined more than 2%.Shares of International Business Machines Corp. (IBM) fell 4.8% on Monday after $34 billion deal for Red Hat Inc. (RHT) Tesla Inc. (TSLA) jumps after one of the electric car company's shareholders s...Read More
The Monday Market Minute Global stocks edge cautiously higher as investors continue to focus on developments in the U.S. corporate earnings season and rising geo-political risks.China stocks tumble, with the Shanghai Composite falling 2.2%, after weaker industrial profit data and further signs of slowing growth in the world's second largest economy.European stocks book modestly gains, with HSBC...Read More
Chancellor Angela Merkel said Monday that her party's dismal showing in weekend elections has meant her coalition government has "lost credibility" and that she will step down as party leader and retire from politics when her current term as leader of Europe's biggest economy ends in 2021. Merkel's told Christian Democrat leaders that she will stand down as leader of the party that has ruled Ger...Read More
* Spot gold faces strong resistance at $1,238/oz- technicals * Speculators cut net short position in week to Oct. 23(Updates prices)By Vijaykumar VedalaBENGALURU, Oct 29 (Reuters) - Gold prices edged lower onMonday as the dollar firmed, but the metal moved in a narrowrange as worries over U.S. corporate earnings and a slowdown inglobal economic growth weighed on Asian shares.Spot gold was down 0.2...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comOct 30, 2018 The US stock market continues to gyrate wildly with many key Dow stocks staging truly horrific meltdowns.This market is beginning to look eerily like the bear market that started in 1929.Instead of buying stocks as the business cycle troughed as Barrack Obama was elected, man...Read More
CloseGain/LossGold $1223.60-$5.50Silver$14.48+$0.03XAU65.44+1.14%HUI145.23+0.84%GDM532.62+0.49%JSE Gold1170.50+4.49USD96.99+0.38Euro113.45-0.40Yen88.65-0.41Oil$66.18-$0.8610-Year3.119%+0.031T-Bond138.84375-0.50Dow24874.64+1.77%Nasdaq7161.65+1.58%S&P2682.63+1.57% The Metals: Gold dropped $9.10 to $1220.00 in London before it chopped back higher in early New York trade, but...Read More
By Ira EpsteinStall time in gold now that stock indices look to be finding their footing.https://www.iraepstein.com/ Read More
COLORADO SPRINGS, Colo., Oct. 30, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold and 321,590 ounces of silver, which along with base metal revenue generated $24.3 million in net revenue for the quarter. Gold Resource Corporation is a gold and sil...Read More
Graceland Updates By Stewart Thomson 1. The US stock market continues to gyrate wildly with many key Dow stocks staging truly horrific meltdowns.2. This market is beginning to look eerily like the bear market that started in 1929. Instead of buying stocks as the business cycle troughed as Barrack Obama was elected, many investors appear to have bought maniacally after Trump was el...Read More
By Ricky WenMonday's session was a deadly and massive bull trap due to the morning false breakout above the key 2693/2700 levels with the high at 2707 that lasted for a brief moment and looked like the start of a significant temporary bottom formation off Friday's 2627 low. Eventually, the market managed to tank about 100 points from the intraday high towards the 2620/2590 major support area tha...Read More
By Stefan GleasonThe Nasdaq composite enters this week's trading down over 10% in the month of October. For what it's worth, market technicians consider a 10% pullback an official "correction."So far it's just that - a correction. It may therefore be a bit premature to carve the stock market's tombstone.But investors should be prepared for further downside in share prices... and a possible longe...Read More
On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine? Draghi Says That We Shouldn't Worry Let's start with the latest ECB's monetary policy statement and the following Draghi's press conference. In short, the ECB kept its mon...Read More
By Ron PaulPresident Trump recently called the Federal Reserve's interest rate hikes crazy. Leaving aside President Trump's specific complaint, which is likely motivated by the belief that low rates will help him win reelection, he is right that "crazy" is a good way to describe the Federal Reserve.When not forced to use a government-created currency, individuals have historically chosen to use...Read More
By Frank HolmesOctober was at it again last week. After Wednesday's close, the S&P 500 Index, Dow Jones Industrial Average and small-cap Russell 2000 Index had all erased their gains for 2018, while the tech-heavy NASDAQ Composite dipped into correction territory.I don't believe there's any single cause for the selloff. Investors are simply nervous, thanks to rising interest rates and the upcomi...Read More
Yesterday's slow-motion selloff probably didn't generate much fear, but it probably exhausted sellers for a while. Although I've put out a somewhat lower target in the E-Mini S&Ps for Tuesday, the big moves in the FAANGs appear to be over, or very nearly so. Rick's Picks had been using a 1496 downside target in AMZN that caught the exact low of a so-far $68 bounce. (Click on the inset to see thi...Read More
India has done a bilateral forex swap agreement with Japan and China separately. China has done a forex swap agreement with Japan. Forex swap agreement between large nations like India, China and Japan will result in more and more nations copying them. Net result is a decline in the US dollar share in global trade and a decline in the purchasing power of the US dollar. Gold will be a medium of s...Read More
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition, Mr....Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/conve...Question 1. Anthony L: I remember you saying that at some point it's time to transfer from gold and silver into property and maybe back into other assets. Does that mean after that we should never keep any more precious metals? And what if there should be another default on the SDR or whatever else they have created? Wouldn't we w...Read More