Investing #MarketMovesAPR 13, 2017 @ 03:30 PM 462 Gold, Silver Hit 5-Mo. Highs Amid Weaker U.S. Dollar, Bullish Technicals
Kitco News , CONTRIBUTOR
Opinions expressed by Forbes Contributors are their own. (Kitco News) - Gold and silver prices ended the U.S. day session higher and scored five-month highs Thursday. The gold market continues to see an updraft from safe haven demand amid a rise in geopolitical tensions. A slide in the U.S. dollar index this week also favors the precious metals market bulls. The near-term chart postures for gold and silver have turned more bullish this week, and that’s inviting more technical buyers. June Comex gold was last up $10.50 an ounce at $1,288.50.May Comex silver was last up $0.255 at $18.555 an ounce.
Heightened geopolitical risks are still on the front burner of the world marketplace. A meeting between the U.S. secretary of state and Russia’s foreign minister ended Wednesday without agreement and likely pushed the two sides deeper into divisiveness. Secretary of State Rex Tillerson said Russia and the U.S. just don’t trust each other. And during a press conference on Wednesday afternoon Trump said U.S. relations with Russia are “bad.” Trump at the same time praised Chinese leader Xi Jinpin. That move could have been calculated by Trump, as he appeared to suggest a warming relationship with China and its third-strongest military in the world, and one that has the most influence over North Korea. The U.S. Navy has warships headed for waters off the Korean peninsula. Trump also said he is not going to name China as a currency manipulator—likely in exchange for China doing some arm-twisting on North Korea.
It was just announced Thursday the U.S. dropped its biggest non-nuclear bomb on ISIS terrorists in Afghanistan recently. That’s the first time this bomb has ever been used, other than in testing. It’s likely a calculated message from Trump to all actors in the world who want to do the U.S. harm. I mentioned at the beginning of the year that geopolitics will be more of a markets-mover in 2017 than in recent years. Such is proving to be the case with a more militarily hawkish U.S. president.
Late Wednesday afternoon the Wall Street Journal released an interview with President Trump, in which he said the thinks the value of the U.S. dollar is too strong and that U.S. interest rates should remain low. This news caught the markets off guard. The U.S. dollar index sunk, gold and U.S. Treasuries rallied and the U.S. stock market sold off. Trump appears to now be siding with Fed Chair Janet Yellen, after he ostensibly said he would like to fire her when he was campaigning last fall.
soo who got con today by the call spartan call? i suggest learn about investing.. go genting to play gambling.. not here. pain for your losses but good for learning process
Steel sector has been undergone a torrid time and stellar shock in steel price attributes to overcapacity and dumping sales from China over the last decade since post global financial crisis. Moving forward to next chapter, steel industry has seen a glittering beacon and rabble-rouse in term of galloping price rise and production cut initiative implemented in China.
Recently, plummeting raw material price such as iron ore will reduce the production cost of steel miller and will be the earning booster in coming quarter report.
Thus, MEGASTEEL one of the Asia biggest upstream steel miller hot-roiled coil producer, a subsidiary company of LIONDIV will be the most beneficiary in steel glorious time and blossom future.
Megasteel will resume operation soon- trade at your own risk, good luck.
As per the name, Lion, meant to bite you if not eaten. I don't see what +ve results they had delivered so far for the minority for the entire group companies. Good luck for all minority where you will see management most probably still enjoying their good remuneration.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
albertwarrior
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Posted by albertwarrior > 2017-04-14 10:24 | Report Abuse
Investing #MarketMovesAPR 13, 2017 @ 03:30 PM 462
Gold, Silver Hit 5-Mo. Highs Amid Weaker U.S. Dollar, Bullish Technicals
Kitco News , CONTRIBUTOR
Opinions expressed by Forbes Contributors are their own.
(Kitco News) - Gold and silver prices ended the U.S. day session higher and scored five-month highs Thursday. The gold market continues to see an updraft from safe haven demand amid a rise in geopolitical tensions. A slide in the U.S. dollar index this week also favors the precious metals market bulls. The near-term chart postures for gold and silver have turned more bullish this week, and that’s inviting more technical buyers. June Comex gold was last up $10.50 an ounce at $1,288.50.May Comex silver was last up $0.255 at $18.555 an ounce.
Heightened geopolitical risks are still on the front burner of the world marketplace. A meeting between the U.S. secretary of state and Russia’s foreign minister ended Wednesday without agreement and likely pushed the two sides deeper into divisiveness. Secretary of State Rex Tillerson said Russia and the U.S. just don’t trust each other. And during a press conference on Wednesday afternoon Trump said U.S. relations with Russia are “bad.” Trump at the same time praised Chinese leader Xi Jinpin. That move could have been calculated by Trump, as he appeared to suggest a warming relationship with China and its third-strongest military in the world, and one that has the most influence over North Korea. The U.S. Navy has warships headed for waters off the Korean peninsula. Trump also said he is not going to name China as a currency manipulator—likely in exchange for China doing some arm-twisting on North Korea.
It was just announced Thursday the U.S. dropped its biggest non-nuclear bomb on ISIS terrorists in Afghanistan recently. That’s the first time this bomb has ever been used, other than in testing. It’s likely a calculated message from Trump to all actors in the world who want to do the U.S. harm. I mentioned at the beginning of the year that geopolitics will be more of a markets-mover in 2017 than in recent years. Such is proving to be the case with a more militarily hawkish U.S. president.
Late Wednesday afternoon the Wall Street Journal released an interview with President Trump, in which he said the thinks the value of the U.S. dollar is too strong and that U.S. interest rates should remain low. This news caught the markets off guard. The U.S. dollar index sunk, gold and U.S. Treasuries rallied and the U.S. stock market sold off. Trump appears to now be siding with Fed Chair Janet Yellen, after he ostensibly said he would like to fire her when he was campaigning last fall.