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2:53 pm Sun. February 17, 2019

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DMR–Gold advances in Asia, stays firm in early U.S. trading

(USAGOLD – February 14, 2019) – Gold climbed overnight in Asia, leveled out in European trading and remained firm into the New York open.  Gold is now trading in the $1320 range and up $8 on the day. Silver is up 7¢ at $15.69.  By way of summary, gold is up 4.75% on the year and up 12.4% since its August 2018 lows.  Silver is roughly level for 2019, but up 11.8% since reaching its interim low in September.  The consensus opinion on gold today seems to be that it is gaining strength on hopeful signs that China and the United States are moving toward a trade agreement.  Yesterday’s drop in retail sales is also helping gold in that it provides incentive for the Fed to stay the course on its recent tilt to the dovish side of the monetary ledger.

Quote of the Day
“So, we were just chatting away there in friendly conversation and then Volcker walks in, you can’t miss him because I think he’s about six-and-a-half feet tall. So, he walks in and I thought, ‘well I have to shake his hand and say hello.’ He didn’t even look at me. He didn’t come to me. He went straight to his staff and he said, ‘what’s the price of gold?’ So, I thought, ‘gold is important to him’ and I still think it’s every bit as important to Fed people now because it is the ultimate measurement of the dollar. They can rig it and monkey around with it and play games, but ultimately, the market will have its say.” – Ron Paul from a Mises Institute Interview with Jeff Deist

Chart of the Day

Chart note:  This chart shows the change in U.S. debt held by foreigners and international investors in billions of dollars from 1970 to present.  The level of ownership grew proportionately over time in concert with the overall issuance of U.S. debt until 2015, when it began to fall off.  The problem is not just that foreign investment in U.S. Treasuries is on the wane.  It is that the retreat has come at a time when U.S. borrowing needs are expected to consistently exceed $1 trillion per year. The question becomes, “How is the U.S. federal debt going to get financed?”  (For more detail, please see The $12 trillion federal debt bombshell –  A NEWS & VIEWS SPECIAL REPORT, February 2019)





Live London Gold News Wire
2 to 4 hours old
www.usagold.com --LIVE NEWS--
RioZim Restarts Operations At Three Gold Mines04:50
Pindula - Business
Gold imports dip 5% during April-January to $26.93 bn04:39
The Hindu Business Line - News
Gold / Silver / Copper Prices - Weekly Outlook: Feb. 18 - 2204:31
Investing.com UK - Commodities
Gold / Silver / Copper Prices - Weekly Outlook: Feb. 18 - 2204:11
Investing.com - Commodities
4 to 6 hours old
www.usagold.com --LIVE NEWS--
CMU-Q Student Wins Gold for Football-Related Invention03:15
Al Bawaba - Education and Employment
Gold Speculators Cooled Off Their Bullish Bets For The Third Week02:53
Investing.com - Commodities
Gold imports dip 5% to $26.93 bn in April-Jan period on weak global cues02:37
The Business Standard - Markets
Gold imports dip 5% during April-January to $26.93 billion02:11
DNA India - Money
Gold imports dip 5% during April-January to $26.93 billion01:58
The Economic Times
Earlier Today
www.usagold.com --LIVE NEWS--
Eight rescued from flooded Zimbabwe gold mines00:23
Al Jazeera - Africa
Top Dubai commodity traders are gunning for gold in 201900:06
The National - Business
Yesterday
www.usagold.com --LIVE NEWS--
Gold Bull-Flag Formation Continues to Unfold Ahead of FOMC Minutes15:05
Daily FX
Citi May Liquidate Over $1 Billion In Venezuela Gold Within Weeks14:49
Zero Hedge (Weblog)
Iran: Gold and Forex Rise, Stocks Fall10:19
Financial Tribune - Business & Markets
Gold Price Exclusive Update09:24
Gold-Eagle
‘Humble cactus’ bringing hope of ‘green gold’ to rural Algeria09:04
Taipei Times - Business
Borrowing Into Oblivion: SchiffGold Friday Gold Wrap 02.15.1904:28
Seeking Alpha - Macro View
Gold-Stock Mega-Mergers Bad04:28
Seeking Alpha - Macro View
Gold Pulls Back, But Not All That Much04:28
Seeking Alpha - Macro View
Gold import weighs on trade deficit03:31
The Telegraph, Calcutta - Business
Investors not buying gold's rally; expect a bump ahead03:12
The Economic Times - Commodities
Earlier News
www.usagold.com --LIVE NEWS--
Gold finishes at 2-week high Friday18:00
Mubasher.Info
Gold Weekly: Haven Asset By Excellence16:28
Seeking Alpha - Macro View
Would Gold Benefit From A U.S.-China Trade Deal?16:28
Seeking Alpha - Macro View
Will Detour Gold Corporation (TSX:DGC) Triple Yet Again?15:23
The Motley Fool (Canada)
2 ASX gold mining shares to consider adding to your portfolio15:11
The Motley Fool (Australia)
Gold Fields eyes 2020 construction start-up for Salares Norte13:53
Business News Americas - Mining
After Lower Prices And Volume Were A Drag In 2018, Will Barrick Gold Spring A Surprise In 2019?13:45
Forbes - Investing - Markets
Venezuela's Guaido asks Citibank to freeze gold swap with Maduro -lawmaker13:39
Reuters.co.uk - Regulatory News
Venezuela's Guaido asks Citibank to freeze gold swap with Maduro -lawmaker13:36
Reuters - Bonds News
Dewa wins gold in innovation category at GCIIS13:30
Gulf Today - Business - Local
Amazon gets subsidies because it's a gold mine for citizens, says former Vermont governor13:05
CNBC - Latest Video
Yamana Gold Inc. (AUY) Q4 2018 Earnings Conference Call Transcript13:05
Fox News - Markets
Gold Futures Settle Notably Higher12:45
London South East
Gold Hits 2-Week Highs, Remains at a Crossroads12:29
Investing.com - Commodities
Barron's: Gold, Mining Stocks Continue to Glitter12:27
NewsMax - Street Talk
Yamana Gold Inc. (AUY) Q4 2018 Earnings Conference Call Transcript12:09
The Motley Fool
Gold Stocks Mega Mergers Are Bad for Shareholders11:59
The Market Oracle - The Market Oracle
Gold Ends At Daily Highs; Bulls Have Momentum Heading Into Next Week's Trading11:57
Kitco - News Bites
Only A Matter Of Time Before Gold Beats The U.S. Dollar – Analysts11:57
Kitco - Gold Outlook
Gold futures climb for the session to post a gain for the week11:57
MarketWatch
BUZZ-Yamana Gold: U.S.-listed shares set for more than three-week closing low11:22
Reuters - Company News
Arsenic pollution: A toxic legacy of France's gold rush10:54
France 24 - Culture
Gold-Stock Mega-Mergers Bad10:38
GoldSeek.com
20 Years Of Eurozone And Gold10:28
Seeking Alpha - Macro View
Golden Valley Mines: A Gold Investment Ben Graham Would Love10:24
Seeking Alpha - Investment Ideas
Kinross Gold: Will The Year 2019 Be A True Turnaround Story?10:21
Seeking Alpha - ETFs & Portfolio Strategy
Gold-Stock Mega-Mergers Bad10:04
Gold-Eagle
Stronger US Dollar Weighs On Metals But Gold Stays Supported10:00
Investing.com - Commodities
Director dealings: Highland Gold execs lower stakes09:59
Web Financial Group - Latest News