Following Russia’s invasion of Ukraine on February 24, the U.S dollar has been “weaponized” to put pressure on Russia via numerous financial sanctions, analysts told Kitco News. At the same time, they are confiscating other central banks’ money using the SWIFT system because their foreign policies are not aligned with the U.S.,” Frank Holmes, CEO […]
Demand for CME’s interest rate futures bounced back in the quarter, after the U.S. …Read the full story
“Mining for energy-intensive blockchains like Bitcoin can allow countries to monetize energy resources, some of which cannot be exported due to sanctions. …Read the full story
Iron ore prices have been boosted by weather-related supply issues in number two exporter Brazil, and the likely loss of exports from Ukraine, the fifth biggest shipper, following the invasion by Russia on Feb. China’s iron ore inventories at ports dropped to 152.9 million tonnes in the week to April 15, down from the recent […]
June gold futures were last down $6.30 at $1,952.80 and May Comex silver was last down $0.091 at $25.30 an ounce. Risk appetite is still not robust in the marketplace amid the Russia-Ukraine war and the Covid outbreak in China. Bulls’ next upside price objective is to produce a close in April futures above major […]
Bulls will have to show more power this week to begin to suggest they can break the downtrend and gain some momentum. …Read the full story
Gold flirted with the $2,000 an ounce on Monday, led by safe-haven demand following a long weekend. Ukraine also said that seven people were killed in a Russian missile attack in Lviv, located in the west of Ukraine. The IMF is scheduled to cut its global growth outlook this week as it starts its Spring […]
That means the path of least resistance for prices will remain sideways to lower in the near term—until a bullish chart signal suggests otherwise. …Read the full story
That means the path of least resistance for prices will remain sideways to lower in the near term—until a bullish chart signal suggests otherwise. …Read the full story
During the short trading week, gold was able to breach a key resistance level of $1,975 an ounce, with June Comex gold futures touching a high of $1,985 on Wednesday. Most of the 13 participating analysts on the Wall Street side were bullish when asked about their gold price expectations for next week, with 46% […]
In his latest book, “The Economics of the Stock Market”, veteran economist Andrew Smithers lifts the corporate veil to reveal a world in which the managers of public companies put their own interests first and seek to maximise current share prices rather fundamental values. David Ricardo started his career as a stockbroker, while John Maynard […]
June gold futures were last up $6.80 at $1,982.90 and May Comex silver was last up $0.245 at $25.975 an ounce. producer price index for March, reported this morning, came in at up 1.4% from February and compares to the forecast for up 1.1%. Bears’ next near-term downside price objective is pushing futures prices below […]
During yesterday’s session, gold moved slightly above its previous local high, but then quickly invalidated this small breakout. However, given that the reversal took place on relatively high volume, the odds are that this breakout will be invalidated shortly. At first, in late-September 2012 and early-October 2012, junior miners consolidated, and then they declined, thus […]
stock market, Mashinsky told Kitco News’ Editor-in-Chief Michelle Makori and anchor David Lin on the sidelines of Bitcoin 2022 in Miami. “We will have a recession next year … The Fed is putting a lot of pressure on the economy by hiking rates and taking liquidity out of the market. “From the beginning of the […]
– “I see Ethereum hitting $6,000 and Bitcoin reaching $100,000 by the end of this year. Urban discussed his outlook on Ethereum and Bitcoin prices along with the institutional adoption of cryptocurrencies with Michelle Makori, Lead Anchor and Editor-in-Chief of Kitco News, at the Bitcoin 2022 Conference in Miami. Urban emphasized that the factors influencing […]
It is a 5% weighting in my portfolio, just like gold is,” O’Leary told Kitco’s Editor-in-Chief Michelle Makori on the sidelines of the Bitcoin 2022 conference in Miami. He has 20% of his portfolio in the DeFi and crypto, with a range of companies in the space. Going forward, there will be billions more dollars […]
“A year ago, when Yellen was appointed Treasury Secretary, her first comments about Bitcoin were ‘money laundering’ and ‘environmentally damaging’. “People were saying someone will ban bitcoin, that it is too good to be true. There is a lot of stuff to work through, but regardless of how fast that happens and how sharp that […]
Novogratz is expecting a 50-basis-point rate hike from the Fed soon as Chair Jerome Powell remains “very hawkish for a while” during his fight against four-decade high inflation. economy is expected to take a major hit from the extra Fed tightening by late next year and early 2024,” the economists said. And once the Fed […]
