Ancient Gold Found In Toilet Hole Leads To Investigation
(Kitco News) – Although the pot of gold at the end of a rainbow might be elusive, one at the bottom of a soon-to-be toilet pit was a reality, at least briefly for four laborers in India.
Read moreGold Solidly Lower Amid Bearish “Outside Markets”
(Kitco News) – Gold prices are sharply lower in early U.S. trading Tuesday and have given back about half of Monday’s strong gains.
When No Reason Finds Real Reasons
The bulls took command today, as the moment of truth about the direction of gold came to hand after a long, slow holiday in the U.S. Part of the bullish momentum was provided by a faltering equities market, although those recovered somewhat in the lat…
Read moreGold, Silver Snap Back From ‘Oversold’ Territory After Swiss Referendum
The metals have continued a dramatic comeback after an initial sell-off Monday. Traders are chalking up the strength largely to short covering, with gold headed to an outside reversal higher and also above its 50-day moving average for the first time…
Read moreGold Soars to 5-Week High on Major Rebound; Bulls Regain Technical Momentum
Gold prices saw a massive rebound Monday and hit a five-week high, after prices overnight scored a three-week low. The huge daily trading range in gold prices was the largest in years. Several factors worked to support gold Monday, including heavy sho…
Read moreBenefits Of Hedging: Gold Priced In Australian Dollar Looking Good
(Kitco News) – Hedging is a viable option for gold producers to battle lower gold prices – assuming that the hedging is done wisely, says an Australian-based consulting firm.
Viessmann: A Fuel Cell In Every Home
There is a move to bring fuels cells out from under the hood and into people’s homes as viable alternatives for residential heating and power.
BMO: Palladium, Aluminum, Nickel, Zinc Benefit From Lower Energy Prices
The recent downdraft in energy prices bodes well for metals such as palladium, aluminum, nickel and zinc, says BMO Capital Markets. Nymex January crude oil fell as far as $63.72 a barrel Monday. On a futures continuation chart, this is a five-year low. Oil weakness has pulled a number of commodities lower on sympathy selling lately. “While the commodity complex tends to trade in tandem, BMO notes that in an environment of low energy prices, there are end-use sectors that should benefit over time, and this in turn could differentiate demand dynamics within the metals complex at the margin,” BMO says. “Increased spending power for consumers should boost demand for the ‘three A’s’ — automotive, aerospace and appliances. As such, BMO estimates the ‘winners’ would be palladium, aluminum, nickel and zinc.”
The Return of Currency Wars – Nouriel Roubini
NEW YORK – The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be under way. The BOJ’s effort to weaken the yen is a beggar-thy-neighbor approach that is inducing policy reactions throughout Asia and around the world.
ISM Manufacturing Index Falls To 58.7 In November
Monday, the ISM said its Purchasing Managers Index showed a reading of 58.7% in November, down from October’s reading of 59.0%. According to consensus reports, economists expected to see the index to fall to between 57% and 58%.