The 6PM Recap With Gary Wagner: Everything Old Is New Again Except For The Interminable Discussion of Fed Rate Increases Which Are Really Old
It was the first time in three years that the PMI came in at less than 50.0 and it is the worst performance since 2009. (A reading over 50 denotes expansion; a reading under 50 denotes contraction.)
Read moreExpect Gold to Fall Towards $900 An Ounce In 2016 – ABN Amro
Gold investors will have to wait at least one more year before they can expect to see a sustained recovery the gold market, according to analysts at ABN Amro.
Read moreGold Slightly Up on Corrective Technical Bounce, Weaker U.S. Dollar
Gold prices ended the U.S. day session slightly higher Tuesday. Gold and silver are seeing mild technical bounces following strong selling pressure recently that drove both prices to multi-year lows late last week.
Read moreScientists Discover Gold ‘As Light As Air’ & 1000x Cheaper
In a time of growing worries over the lack of new gold discoveries, two Switzerland-based researchers appear to have created a new “gold foam” material light enough to float on water and has the potential to be the material of the future.
Would You Rather Own Facebook, Or All The Precious Metal Companies In The World?
Last week we compared the five largest companies on the NASDAQ to the publicly listed metals & mining universe. This week we refined the universe a bit more and compared the tech behemoth Facebook to the precious metal players.
CFTC Data Show Funds Still Adding Short Positions; Analysts See Short-Covering Potential
Large speculators continued adding bearish bets in gold futures during the most reporting period for government data, although the big rise in these so-called short positions over the last month means potential for a bounce in price whenever these trad…
Read moreDon’t Expected Yuan To Be the New Reserve Currency After Being Added To IMF’s SDR basket – Analysts
(Kitco News) – Economists and analysts are not expecting the Chinese yuan to be adopted as a reserve currency by global central banks any time soon even though the currency scored a victory from the International Monetary Fund Monday.
Read moreU.S. ISM Manufacturing Index Falls To 48.6% In November, First Contraction In 36 Months
Kitco News reports on U.S. manufacturing ISM data for November
Read moreMorgan Stanley: Federal Reserve To Hike Rates At ‘Snail’s Pace’ In 2016
Morgan Stanley looks for the Federal Open Market Committee to hike U.S. interest rates at a “snail‘s pace.”
Barrick Completes Sale of 50% of Zaldívar Mine, Forms Partnership with Antofagasta
Barrick Gold Corp. (NYSE, TSX: ABX) reports that it has completed the previously announced sale of its 50% stake in the Zaldívar copper mine to Antofagasta Plc.