$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Mixed In Asia Gold: Gold prices held steady Friday after rising above $1,280 in Thursday’s session. Spot gold was steady at $1,283.56 oz by 0415 GMT, US gold futures for June were down 0.2% at 1,283.10. Gold has found a […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Up, Crude Oil Down, Stocks Down Notes: Investors bet most Asian currencies will come under further pressure, a Reuters poll showed, with trade tensions between the United States and China firmly dominating headlines once again. US Crude Oil inventories rose last week, hitting their […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Down, Stocks Down Notes: Gold is now more than 5% below its late-February 2019 high at $1,346.73 oz. Investors await the release of the Fed’s mins at 1800 GMT, which is expected to provide insights into the 1 May meeting by […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump Monday threatened Iran with “great force” if it attacked US interests in the Middle East. This came after a rocket attack in Iraq’s capital Baghdad, which Washington suspects to have been organized by militia with […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Unch, USD Up, Crude Oil Up, Stocks Up Notes: United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei earlier told reporters that producers were capable of filling any market gap and that relaxing supply cuts was not “the right decision.” President Trump Tweeted that a conflict […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Flat, USD Flat, Crude Oil Up, Stocks Mixed Notes: Long term prospects for EUR are not bright, given the region’s soft economic fundamentals. But the news on the auto tariff delay is helping the single currency establish support at $1.1200 Growth in China’s industrial output slowed […]
$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Steady, Crude Oil Off, Stocks Up Notes: The FX (foreign exchange) market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world’s 2nd-largest […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $BAC, FLASH: Global investors’ equity allocations fell 6% in May and 34 % of fund managers have taken out protection against sharp stock market declines in coming months, Bank of America Merrill Lynch’s (NYSE:BAC) latest monthly survey found Tuesday. The proportion of investors preparing for equity falls is the highest […]
2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. Middle East focus: Saudi Arabia Monday said that 2 […]
2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Flat, Crude Oil Mixed, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. The UAE said Sunday that 4 commercial vessels were […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Firm, USD Down, Crude Oil Steady, Stocks Mixed Notes: President Trump has increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods 12:01a Friday, and targets $325-B more.. China Vice Premier Liu He is in […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Down, Crude Oil Down, Stocks Down Notes: And again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a Friday, and targets $325-B more.. China wants the tariffs […]
FLASH: Gold Firmed, USD Off, Crude Oil Up, Stocks Down Notes: Again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Up Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to keep […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Down Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods this Friday, and targets $325-B more soon. The President’s aggressive strategy drew bi-partisan support from US Senate Democratic leader […]
$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Down, Crude Oil Off, Stocks Flat (May Day Holiday) Note: China and the United States began their latest talks in Beijing on Wednesday aimed at ending a bitter trade dispute, after US Treasury Secretary Steven Mnuchin said he had a “nice” working dinner the night before with China Vice Premier […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Down, Stocks Down Note: The quiet start to the week in global equity markets comes ahead of a 2-day meeting of the policy-setting FOMC. The committee is set to release its latest statement at 2:00p EDT (1800 GMT) Wednesday. We have now turned from sentiment where this […]
$USD, $SPY, $QQQ, $DIA FLASH: Slowing inflation may lead the Fed to cut interest rates, White House economic adviser Larry Kudlow said in a TV interview Monday. “The Fed is independent, but they have been themselves talking about coming and lowering their inflation target, which might mean a lower interest rate adjustment on their own […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Note: We have now turned from sentiment where this stock rally was 1 where professionals did not take part in, to a fast paced entry where hedge funds and investors are chasing markets they have been betting against. While the strong US GDP data […]
$GLD, $XAU, $USD Forbes.com recently published 3 reasons why savvy investors need to always own gold in their portfolios. Essentially, you can never play it too safe when it comes to investing. “Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for […]
$XAU, $GLD Gold markets broke down during most of the week but had a strong turn around to reach towards the bottom of the trend line marked on the chart below. Note: The trendline is much more visible on the daily, and suggests a potential Head & Shoulders pattern forming. That said, gold is setting […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Down Notes: China, the world’s biggest buyer of Iranian oil, this week formally complained to the United States over its unilateral Iran sanctions. Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Up, Crude Oil Mixed, Stocks Down Notes: Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its record high at 12.2-M BPD, while net imports rose 900,000 BPD, EIA data showed. German business morale deteriorated in April, bucking […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Up, Crude Oil Down, Stocks Down Notes: The International Energy Agency (IEA), a watchdog for Crude Oil consuming countries, said in a statement Tuesday that markets are “adequately supplied” and that “global spare production capacity remains at comfortable levels.” US Secretary of State Mike Pompeo announced “that as of May 2, […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Up, Crude Oil Up, Stocks Higher Notes: US Secretary of State Mike Pompeo announced “that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian Crude or condensate.” US Treasury Secretary Steve Mnuchin told reporters trade negotiations between the […]
Source: Thompson Reuters US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. The report from the National Association of Realtors (NAR) on Monday could temper expectations of […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Down Notes: Following the Good Friday holiday, markets in Britain, Germany and France will remain closed for Easter Monday, while those in the United States will reopen. Brent and US Crude futures surged to 6-month highs on reports that US Secretary of State Mike Pompeo […]
$CNY China’s stock market investors are not quite ready to see Beijing scale back its efforts to support the economy. Stocks started the week lower after improving data prompted traders to pare back their bets for additional stimulus. The Shanghai Composite Index rallied Tuesday after the PBoC injected cash into the financial system, alleviating concerns […]
$USD, $GLD, $SLV Experts are in a debate on just how does the average American benefit from the USD’s reserve currency status, and would the Buck’s fall from grace have a negative, or positive, impact on the livelihood of the average American worker Economist Steve Keen recently declared that average investors are over-inflating the risks […]
$BTCUSD Bitcoin (BTC) has held its market cap above $90-B as the markets look to be winding up for another attempt to break through the next Key overhead resistance psych mark at $6,000. Bitcoin is currently trading at $5,025.6602 off 139.85 on the day, If the market can establish support above $5,000, then another Bullish […]
$RACE FLASH: Ferrari announces voting results from its Annual General Meeting Source: Ferrari Ferrari N.V. (NYSE/MTA:RACE) announced Friday that all resolutions proposed to Shareholders at the Ferrari’s Annual General Meeting of Shareholders held in Amsterdam, the Netherlands, were passed. The Shareholders approved the 2018 Annual Accounts and a dividend in cash1 of Euro 1.03 per […]
$GLD, $XAU, $USD FLASH: Gold could 2X overnight, especially if President Trump uses it as a weapon in his battle Vs the Fed. The Fed controls the Buck, the Buck is the world’s trading currency, and so the Fed controls the world. A stronger USD hurts the world’s growth prospects. It also hurts President Trump’s […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Firm,Stocks Eased Note: This week the world’s investors are focused on geopolitical events and big bank earnings, as the S&P 500 ends 8 day rally with a Fibo recap. Investors will also focus on a European Central Bank (ECB) meeting Wednesday. President Donald Trump threatened to impose […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: This week the world’s investors are focused on geopolitical events and big bank earnings as the S&P 500 continues to drive North Eastern forces Monday were advancing on the Libyan capital Tripoli in the latest of a cycle of warfare since Muammar Gaddafi’s fall in […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: The world’s nvestors are now focused on geopolitical events and big bank earnings. In Asia Gold: Gold prices rose to a 1-week high Monday as USD edged lower, while investors awaited minutes of the Fed’s March FOMC meeting Wednesday. Spot gold gained about 0.4% […]
$BAC, $C, $JPM, $MS, $WFC, $USD, $GBP, $JPY The Fed As the US yield curve is deciding whether to invert/not Invert, investors seek reassurance that we are in a era of non-inflationary growth, and focus on monthly price gauges this week. Wednesday, the US Labor Department is expected to report that its March Consumer Price […]
$GLD, $XAU, $USD By Jared Dillan There is a lot of strong feelings about gold. Some people think it has no utility. Other people have pretty reasoned arguments about how gold maintains purchasing power across the centuries. It was in a bubble 8 years ago that sucked a lot of people in. There were some sketch-ball […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Down, Crude Oil Down, Stocks Steady Note: Investors are now awaiting the US jobs numbers for more signals on the strength of the economy. Reuters reported Saudi Arabia is threatening to sell its Crude Oil in currencies other than USDs if Washington passes a bill exposing OPEC members to US […]
$TSLA Tesla (NASDAQ:TSLA) had a rough day Thursday, the Bearish pressure came on the heels of much weaker delivery numbers on its EVs in Q-1 There continue to be concerns about how strong the demand is for the company’s M-3 sedan that has been on the market for less than 2 years. Tesla delivered just […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Mixed, Stocks Up Note: The Chinese RMB Yuan will hold its recent gains Vs USD, and likely make a move forward from current marks over the coming year, as optimism about a US-China trade deal offsets anxiety over weak domestic economic growth, a Reuters poll showed. In Asia […]
$GLD, $XAU, $XAG FLASH: Global demand for gold in Y 2019 will rise to the highest in 4 years as higher consumption by the world’s jewelers offsets a fall in purchases by central banks, an industry report says.. The world will consume 4,370 tonnes of gold this year, the most since Y 2015 and up […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Note: China’s PMI number was the most significant monthly increase since Y 2012, which should ease concerns around a potential threat to Crude Oil demand. In Asia Gold: Gold prices declined to a more than 3-week lows Tuesday as waning global economic slowdown concerns lifted […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: USD off 0.1% Vs Key rivals, after hitting its highest since 11 March Friday, while Asian stocks rallied as positive Chinese factory data and signs of progress in US-China trade talks supported sentiment. In Asia Gold: Gold prices up Monday as USD backed off […]
$GLD, $SLV, $USD, $EURUSD After last Thursday’s action in the Gold market, I believe the precious Yellow metal markets are in a Key mark. The Big Q is whether or not the psych support mark at $1300 level will hold. If it does, then things will take care of themselves and will look towards at […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Flat, USD Up, Crude Oil Up, Stocks Up Note: Japanese refineries have put a halt on imports of Iranian Crude Oil after buying 15.3-M bbl between January and March ahead of the expiry of a temporary waiver on US sanctions, according to industry sources and data on Refinitiv Eikon. China stock jumped Friday […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Flat, USD Up, Crude Oil Down, Stocks Flat Note: China has made unprecedented proposals in talks with the United States on a range of issues including forced technology transfer as the 2 sides work to overcome remaining obstacles to a deal to end their trade dispute, US officials said Wednesday. In Asia Gold: […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Mixed Notes: UK Prime Minister Theresa May will address Conservative Party lawmakers, possibly to set out a timetable for her departure, to win support for her 2X-rejected BREXIT deal as the Parliament prepares to vote on a variety of possible options. A senior International Monetary Fund […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Down, Stocks Down Notes: A US trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on 28-29 March which will be followed by a trip by Chinese Vice Premier Liu He to Washington in early April. Concerns about a potential US […]
$GLD.$USD, $JPY FLASH: Last week gold posted its 3rd consecutive weekly gainer and rose 1%, the most since the week ending 1 February. The fundamentals Spot gold up 0.1% at $1,314.21 oz as of 0128 GMT. US gold futures up 0.2% at $1,314.40 oz. Investors sold shares Monday moving to the safety of bonds, while […]
$GLD, $USD, $EUR, $GBP, $CNY What we have been seeing over the past few years is that confidence in government is fading and the price of Gold is rising. Some current examples The UK House of Commons voted 413-202 last week to delay Britain’s exit from the EU. Despite resounding defeats, Prime Minister Theresa May […]
$GLD, $BAR,$USD FLASH: Some money managers says recession fears on global-economic slowdown sign actually give savvy investors a Golden opportunity to start investing in a precious metal commonly considered a haven amid uncertainty and say that gold’s price is “very affordable” now. “You’ve had a bit of a V-shaped recovery in the market, but [with] […]
$USD, $SPY FLASH: The Fed’s decisive statement this week that interest rates are unlikely to rise this year sends a signal to US households: keep buying things. The Fed tries to guide the US economy by controlling the interest rate banks charge one another for overnight loans. Moving this rate up lifts other rates in […]
$SPY, $USD FLASH: The Fed’s policy reversal is beginning to stoke systemic vulnerabilities in the economy. A surprise move by the central bank to forecast no change to interest rates for the remainder of this year will increase excesses in corporate America, which is already highly leveraged, and expose the economy to a higher chance […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Dowu, Crude Oil Up, Stocks Up Notes: The Fed held interest rates steady, shave the number of hikes projected for the rest of the year at none and release details of a plan to end the monthly reduction of its massive balance sheet in September. US Crude Oil stockpiles last […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Up Notes: The Fed Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year to 1-2 or none, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet. […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Steady Notes: UK PM May’s BREXIT plans were thrown into further turmoil on Monday when the speaker of Parliament ruled that she could not put her divorce deal to a new vote unless it was re-submitted in fundamentally different form. She has just 2 days […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Off, Crude Oil Off, Stocks Up Notes: Data Friday showed US manufacturing output fell for a 2nd month running in February and factory activity in New York state hit near a 2 low this month, further evidence of a sharp slowdown in economic growth early in Q-1. In Asia Gold: Spot […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Firm, Stocks Up Notes: The Bank of Japan’s kept interest rates unchanged Chinese Vice Premier Liu He spoke by telephone with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, with the 2 sides making further substantive progress on trade talks, China’s official Xinhua news […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Off, Crude Oil Higher, Stocks Flat Notes: The United States aims to cut Iran’s Crude exports by about 20% to below 1-M BPD from May by requiring importing countries to reduce purchases to avoid US sanctions, 2 sources familiar with the matter told Reuters. Both sources said they were […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 Breaks Above 2800, and President Trump Grounds Boeing’s 737 Max 8 Aircraft S&P 500 broke above the 2800 mark, and all 11 sectors finished in the Green Weakening USD was an area of support for the broader market and the earnings prospects for multinational companies President Trump […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Off, Crude Oil Higher, Stocks Down Notes: Gold scaled a near 2-week high Wednesday, after reclaiming the Key $1,300 mark in the prior session, as investors opted for the safe-haven precious Yellow metal after British lawmakers rejected an amended exit deal, while a weaker uSD lent further support. Washington could […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: European Commission head Jean-Claude Juncker agreed to additional assurances in an updated BREXIT deal with British Prime Minister Theresa May Monday, but warned UK lawmakers would not get a 3rd chance to endorse it. Washington could lift most or all of its tariffs on […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: Fed Chairman Powell said Friday that the central bank will be careful not to shock financial markets as it stabilizes its bond portfolio, saying that it does not see problems in the US economy that warrant an immediate change in its policy. Washington […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Falling, Stocks Up Notes: Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. President Trump says, “All of nothing at all!” US jobs report […]
$USD The Fed’s Beige Book was released Wednesday showing the US economy continues to be performing strongly. Manufacturing was stronger, employment remains strong across the economy, but bad weather and bad politics have taken their toll. On the latter, 50% of the reporting areas said that the government partial shutdown had been hurting local growth. […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Flat, Crude Oil Up, Stocks Down Notes: Investors are looking ahead to the ECB’s board meeting Thursday. The ECB is expected to pare growth forecasts and give its strongest signal yet that more stimulus is coming in the form of more cheap loans. Washington could lift most or all […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: US Secretary of State Mike Pompeo said Monday he thought the United States and China were “on the cusp” of a deal to end their trade dispute, but President Trump will reject any deal that is not perfect. The WS-J reported Washington could lift […]
$CNY, $USD, $GS FLASH: The RMB Yuan’s rally has more room to run as China’s economic recovery picks up The currency will advance about 1.5% to 6.6 a USD in the next 12 months, says the Chief China economist at Goldman Sachs in Hong Kong. That is more Bullish than Goldman’s 6.7 forecast in January. […]
FLASH: Sales of new US single-family homes rose 7-month highs in December Other data Tuesday showed an acceleration in growth in the vast services sector in February, powered by a surge in new orders. The moderation in the pace of hiring fits in with expectations of slower economic growth as the stimulus from a $1.5-T […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Firm, Crude Oil Down, Stocks Down Notes: MSCI’s ACWI,, a gauge of 47 markets in the world, has risen 16% from its near 2-year low set on 26 December low, even as the earnings outlook stagnated, driven by hopes of a dovish Fed and a compromise between Beijing and Washington on […]
$USD FLASH: President Trump, “I want a strong dollar, but I want a dollar that’s great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.” Saturday, President Trump renewed criticism of the Fed and said its tight monetary policy contributes to a […]
$JMP, $GS, $USD FLASH: Jamie and ‘Goldie’ have different outlooks JPMorgan (NYSE:JPM) CEO Jamie Dimon does not agree with economic doomsayers. The boss of the largest US bank acknowledged a growing number of potential obstacles to the economy that carried his firm to record profits last year. That caution was reflected in JPMorgan Chase & […]
$GS, $USD, $USO, $OIL FLASH: On the global markets, some green shoots are emerging. The global economy may have already bottomed out, according to Goldman Sachs Group Inc. Chief Economist in a note Tuesday. While growth remains soft, Goldman’s current activity indicator in February is slightly above the downwardly-revised December and January numbers. Some green […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Soft, Crude Oil Up, Stocks Higher Notes: Market focus on Fed Chairman Powell’s testimony in front of the House of representatives Wednesday. Will be the same as to the Senate. The Fed’s policy statements grew so complicated after the Great Recession that standard gauges of readability suggested people needed 4 years of university […]
$SPY, $USD US homebuilding fell to a more than 2-year lows in December as construction of both single and multi-family housing declined, the latest indication that the economy lost momentum in the fourth quarter. Other details of the report from the Commerce Department on Tuesday were also downbeat and suggested that the housing market could remain sluggish […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Flat, Crude Oil Lower, Stocks Lower Notes: Market focus on Fed Chairman Powell’s testimony in front of Congress US and China have a deal in the works. President Trump pushes deadline and sets up Summit with President Xi at Mar a Lago. President Trump in Hanoi for 2nd NKorean Summit with Chairman Kim. In Asia Gold: Gold seeing profit taking in here. Spot gold lost 0.1% to $1,326.36 oz US gold […]
$GLD, $SLV, $USD FLASH: The Dem’s Green New Deal is silly and not worth our attention. But it implies we can have anything we want if the Fed extends credit. FACT: The 2 biggest US stock market rallies happened when the budget deficit was disappearing or had disappeared. Calvin Coolidge led the US through most […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Higher Notes: US and China have a deal in the works. President Trump pushes deadline and sets up Summit with President Xi at Mar a Lago. President Trump on the way to Hanoi for 2nd NKorean Summit with Chairman Kim. In Asia Gold: Gold prices rose Monday as USD fell Vs the RMB Yuan after President Trump said he would delay an increase […]
$SOY, $USD, $CNY FLASH: “…productive talks, I will be delaying the US increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for US & China!” The US and Chinese […]
$DIA, $SPY, $QQQ, $RUTX, $GLD, $SLV, $USO, $SOY FLASH: It is absolutely the time to buy risk. Saturday, positive developments in trade talks between the world’s 2 largest economies should boost riskier assets, as extended US-China negotiations are ‘positive’ for risk assets. They will lead to a weaker USD, supporting Crude Oil prices and Gold […]
By Mark J. Lundeen $GLD, $SLV, $USD The Dow Jones in its BEV chart below is charging up the hill with eyes fixed on making new all-time highs. In the past week it has advanced 2.9% BEV points, leaving only 3.52% BEV points to go before it once again makes stock market history. Another couple […]
$GLD, $SLV, $GDX, $USD Gold prices climb as those savvy investors uncertain about global growth outlook hedge their portfolios. Gold prices have surged 14% since September, when in this column I signaled a buy signal for the precious Yellow metal, just as the major US stock market indexes were making record Tops. Gold-focused ETFs saw […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Dip Notes: Trade talks dominate headlines, the US and China have a deal in the works, as President Trump meeting China’s chief negotiator Vice Premier Liu Friday in Washington, DC. Growth in China’s new home prices fell to a 9-month low in January as broader economic weakness increasingly weighs […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Higher, Stocks Higher Notes: Trade talks dominate headlines with a new round of negotiations between the US and China have a deal in the works meeting continue in Washington. Sentiment also got a lift after the Fed Wednesday affirmed it would be “patient” on further interest rate rises. In Asia Gold: Gold […]
$GLD, $USD, $GOLD FLASH: The Real Story on Gold is the Gold Miners! A growing chorus of big managed money is turning increasingly bullish on miners as late-cycle angst and industry shifts make conditions ripe for a prolonged rally. Mining shares have gained at more than 2X the pace of the precious Yellow metal this […]
$GLD, $USD Gold prices rose to 10-month highs Tuesday, as USD weakened, on optimism for a breakthrough in US-China trade talks, bullion also saw support as a safe-haven asset due to concerns over global growth. Spot gold +0.9 at $1,338.21 oz US gold futures +1.44% at $1,341.20 oz A gauge of global stock markets rose […]
$USD, $EUR FLASH: The Fed has pivoted to a Dovish policy, yet that does not appear to have stopped USD. The US Dollar (.DXY) Index, which measures the value of the Buck Vs a basket of 6 peer currencies, just hit a 2month-high, which also happens to be close to a 2-year high. The strength […]
$GLD, $GOLD, $USD, $GDX, $GS FLASH: The savvy observers see Golden opps in the precious Yellow metal and its miners. Last September in this column we suggested it was time for investors to add gold to their portfolios. And that data shows that since that time, gold has gained nearly 10%. Gold marked to a […]
$GLD, $SLV, $USD The survey of 36 analysts and traders returned a median forecast for gold to average $1,305 oz in Y 2019, up around 3% from last year’s average and a touch higher than forecast in a similar poll 3 months ago. It predicted prices would average $1,350 in Y 2020, just below the […]
$RACE Each year the price increases based on the US Consumer Price Index (CPI), and it means for Y 2019 that all teams have to pay a basic entry fee of US$546,133, and then an extra amount depending on where they finished last year. The constructors’ champion, MercedesAMG has to pay $6553 per point scored, […]
$GLD, $USD Some economists who favor the ‘dollar/gold price’ seem to be blind to the rise in financial power of the precious Yellow metal. We believe that real inflation will become a better gauge to see how well this metric is doing. Using USD’s strength to measure net worth in the US could give 1 the impression that […]
$GLD, $SLV, $USD Gold’s supply/demand prospects have caught the eye of 1 billionaire. “For the 1st time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on […]
$GBP, $USD Wednesday, British Prime Minister Theresa May’s government survived a no-confidence vote, a day after her BREXIT deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning Mrs. May can remain in office. There was no effect on US financial markets. Tuesday, UK […]
$GLD, $SLV, $USD There are Key elements set up to extend Gold’s from just after the Y 2008 global recession to the precious Yellow metals Y 2011 all time high, signalling a comeback this year. Gold Bugs are looking for a break out of its 5 year range, and technically it looks as though that […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices flat USD Weakening Crude Oil Up Asian Stocks Rising In Asia Note: Reuters reported Wednesday that Chinese state-owned companies have bought more than 1.5-M tonnes of US Soybean in the 1st major US Soybean purchases in more than 6 months. Markets are slowly growing less pessimistic about the chances of a US-China trade deal after a […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Up Asian Stocks Rising In Asia Gold: Gold prices climbed Wednesday morning in Asia, despite indications that the Fed might lower interest rates in the next 2 years. Gold Futures for February delivery hiked 0.18% to $1,250.55 at 11:37p EST (03:37 GMT) on the COMEX, while the US Dollar (.DXY), tracking the […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Up Asian Stocks Declining In Asia Gold: Gold prices up Tuesday in Asia as the USD fell. Gold futures for February delivery on the COMEX division of the New York Merc traded 0.3% higher at $1,252.70 oz by 1:24 AM EST (05:24 GMT). The precious Yellow metal marked its biggest weekly gainer since August last week. Technically, the break of $1,250 […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Mixed Asian Stocks Declining In Asia Gold: Gold prices are up Monday in Asia on a softer USD, gold for February delivery on the COMEX division of the New York Merc traded 0.2% higher at $1,254.75 oz by 1:24a EST (05:24 GMT). Gold prices were near at their highest level since July on Friday and notched up […]