News

By analyst By Cecilia Jamasmie Namibia’s top diamond producer, Namdeb, a 50/50 joint venture company between the country’s government and De Beers it’s selling its Elizabeth Bay mine in a move that will affect at least 130 of its 1,700 employees. The announcement comes three weeks after the company wrote to staff offering voluntary redundancies, […]

By analyst By Frik Els On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading. Despite recent weakness gold is still up by $75 an ounce since mid-December after large-scale speculators increased their exposure to gold on derivatives markets for the seventh week in

By Brian Maher This post A Hero Returns to Wall Street appeared first on Daily Reckoning. He has risen from the grave… with a thirst for blood. The scourge of Washington, the fiend of Wall Street, this boogeyman’s return has markets wriggling in exquisite torture… Rumors of his return were at least partly responsible for

By Pater Tenebrarum It’s Just a Flesh Wound – But a Sad Day for Vol Sellers On January 31 we wrote about the unprecedented levels – for a stock market index that is – the weekly and monthly RSI of the DJIA had reached (see: “Too Much Bubble Love, Likely to Bring Regret” for the

By Jordan Roy-Byrne CMT, MFTA After the recent big couple days down in the US markets there is a possibility that the gold to US stocks ratio is turning. Jordan Roy-Byrne and I look at both gold and US stocks and the drivers for each throughout this year. For a long-term investor if this ratio

By Cory Margin Supported Markets Spread Across the Board Craig Hemke and I touch on a number of different markets that were all impacted by the recent drop in US equities. We look at some key levels in the S&P to assess today’s moves. Plus yields and commodities and how they are impacted by a

By Cory Understanding Volatility For Markets And Currencies Global Head of Currency Strategy at Brown Brothers Harriman, Marc Chandler joins me today to focus on volatility. After the VIX spiked in the past 4 trading days there is much to understand about overall volatility to better understand the market moves. In January there were signs

By Nicholas Vardy “When I was in England, I experimented with marijuana a time or two and didn’t like it. I didn’t inhale, and I didn’t try it again.” – Bill Clinton, 1992 Then-presidential candidate Bill Clinton’s answer to the question about whether he ever smoked pot became a running joke in the 1990s. By

By Greg Guenthner This post FANG’s $90 Billion Disaster appeared first on Daily Reckoning. The stock market has settled down after Monday’s big drop. The Dow Jones Industrial Average finished Wednesday trading just in the red after a volatile start to the week. Meanwhile, the Nasdaq Composite was yesterday’s biggest loser. The tech-heavy index slipped

By analyst By Cecilia Jamasmie Canadian billionaire Robert Friedland, founder and executive chairman of Ivanhoe Mines (TSX:IVN), has joined the debate over the Democratic Republic of Congo’s imminent hike to mining taxes by saying his company would pay higher royalties and taxes, but only if that money benefits locals. The Vancouver-based company, which is developing