Silver prices remain flat, as the metal continues to hover close to $17.50. There are no major U.S. events on the schedule, so traders can expect the sideways trading to continue in the North American session.
Gold prices moved sideways on Tuesday forming a doji day, which signals indecision. UK Lawmakers reject a timetable for Brexit deal legislation, and this means that the UK government has lost control of the process. While lawmakers Tuesday endorsed Prime Minister Boris Johnson’s Brexit deal, the timeline was too quick.
Investing.com – Gold prices traded higher on Wednesday in Asia as markets digested the latest Brexit news.
Investing.com – Gold longs have rediscovered their friendship with Brexit fighters as they await the Federal Reserve.
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Chinese state media issued an ominous warning to NBA commissioner Adam Silver threatening 'retribution' for saying that the Chinese government called for the firing of Houston Rockets GM Daryl Morey after he tweeted support of Hong Kong protestors. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the panel.
(Bloomberg) — Rio Tinto Group is starting pilot production of lithium in California and will consider an expansion to become the top domestic supplier in the U.S. as the world’s biggest miners look to boost their exposure to the electric car battery revolution.Work to reprocess waste piles from a 90-year-old mining site in Boron has […]
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The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 730 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of June […]
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Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month. The tax deal includes the payment of $300 million to settle outstanding tax and other disputes, the lifting of […]
A month-long strike at General Motors could cut U.S. job growth by as much as 75,000 in October, JPMorgan economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession. Silver said in a research note that the estimated hit to nonfarm payrolls would be the result of both direct […]
Silver prices are steady on Friday, as the white metal continues to hover to close to $17.50.
(Bloomberg Opinion) — Bad ideas tend to naturally follow from bad investments. The latest example: Bailing out people who overpaid for taxi medallions, the city license that allows drivers to pick up riders who hail them on New York streets. This all came about because Uber and Lyft have been taking market share at the […]
Gold remains stable despite rally in Euro and Pound
Investing.com – Gold prices fell on Friday in Asia as markets were busy digesting news on Brexit and the Sino-U.S. trade war. Weak China GDP data failed to push the prices of the safe-haven metal higher.
US jobless claims remain buoyed
Silver prices have lost close to 1.0% on Tuesday, as investors remain optimistic that the U.S. and China are close to signing a limited trade deal. If the current downtrend continues, we could see silver drop below the symbolic $17.00 level.
Silver markets have fallen again during the trading session on Wednesday, as we are below the 50 day EMA. That is obviously an area that should attract some attention, but more importantly I’m paying attention to the possibility of a descending triangle.