Commodities ensnared again as US-China trade war escalates

Commodities ensnared again as US-China trade war escalates

Image from archives. Reuters 08/23/2019 The latest escalation in the trade war between the world’s biggest economies roiled commodities once again after China announced it will impose retaliatory tariffs on $75 billion of US. goods. Soybeans will see an added duty starting Sept. 1, as China seeks to put more pressure on the American farm belt, a [...] Read more

Gold price surges to new 6-year high

Gold price surges to new 6-year high

By Frik Els 08/23/2019 Gold hit a six-year high on Friday as investors piled into the safe haven metal amid an escalating US-China trade war, and the prospects of a return to ultra-loose monetary policy by the Fed. Gold for delivery in December, the most active futures contract trading in New York, touched a high of $1,539.50 an ounce, up $31 or [...] Read more

Gold mid-tiers’ Q2’19 fundamentals

Gold mid-tiers’ Q2’19 fundamentals

(Image from archives) By Adam Hamilton-Zeal Intelligence 08/23/2019 The mid-tier gold miners’ stocks have soared in recent months on gold’s decisive bull-market breakout. They are this sector’s sweet spot for stock-price upside potential, with room for strong production growth which investors love. That’s an attractive contrast to the stagnating [...] Read more

Wells Fargo Tries To Diss Gold, But Fails

BY JOHN RUBINO 08/23/2019 Major US bank Wells Fargo has apparently been getting a lot of client inquiries about gold, and has responeded pretty much as you’d expect: Hold Some But Not Too Much Gold, Says Wells Fargo (Kitco News) – Wells Fargo is once again cautioning investors from buying too much gold as prices continue to trade north of $1,500 [...] Read more

Nobel Prize Winner: Bubbles Don’t Exist

By Doug French (President of Mises Institute) 10/18/2013 No wonder investors don't take economists seriously. Or if they do, they shouldn't. Since Richard Nixon interrupted Hoss and Little Joe on a Sunday night in August 1971, it's been one boom and bust after another. But don't tell that to the latest Nobel Prize co-winner, Eugene Fama, the [...] Read more

China eases restrictions on gold imports

China eases restrictions on gold imports

China is the world’s biggest importer of gold. Image: Tidarat Tiemjai| Shutterstock By Peter Hobson; Editing by Veronica Brown and Mark Potter, Reuters 08/22/2019 China has partially lifted restrictions on imports of gold, bullion industry sources said, loosening curbs that had stopped an estimated 300-500 tonnes of the metal worth $15-25 billion [...] Read more

Gold inflows hit 1000 tonnes as investors seek haven in ETFs

Gold inflows hit 1000 tonnes as investors seek haven in ETFs

Inflows into gold ETFs are at a six-year high. Image from archives. By Ranjeetha Pakiam, Bloomberg News 08/22/2019 Gold’s faring extremely well as a haven asset, with inflows into exchange-traded funds hitting 1,000 tons since holdings bottomed in early 2016 after a prolonged unwind in the wake of the global financial crisis. Total known ETF [...] Read more

What will Jackson Hole bring to us and gold?

What will Jackson Hole bring to us and gold?

Image source: Wikimedia Commons By Arkadiusz Sieron, Sunshine Profits 08/22/2019 The 2019 Economic Symposium in Jackson Hole has begun! On Friday, we’ll hear Jerome Powell discuss the latest monetary policy shifts. How will it affect the gold market? Jackson Hole 2019 has begun This week is rather light in terms of incoming economic data, with the [...] Read more

IHS Markit Flash U . S . PMI ™ News Release

Business activity growth weakens in August amid slowest rise in new orders for a decade Key findings: Flash U.S. Composite Output Index at 50.9 (52.6 in July). 3-month low. Flash U.S. Services Business Activity Index at 50.9 (53.0 in July). 3-month low. Flash U.S. Manufacturing PMI at 49.9 (50.4 in July). 119-month low. Flash U.S. Manufacturing [...] Read more

How Negative Interest Rates Screw Up the Economy

By Wolf Richter 08/21/2019 Now they’re clamoring for this NIRP absurdity in the US. How will this end? This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: Now there is talk everywhere that the United States too will descend into negative interest rates. And there are people on Wall Street and in the media that are hyping [...] Read more

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