Asian stocks traded in positive territory overnight, finding steady ground following yesterday’s worse than expected Chinese export data. Asian shares were lifted after the Bank of Japan maintained record monetary easing. The BOJ kept a pledge to expand the monetary base at a pace of 60 trillion to 70 trillion yen per year. However, the…
For all of us who missed the wars of the 19th and 20th centuries (and yes, that includes me!!), we should perhaps be ‘grateful’ to the “powers that be” in Ukraine and Russia for providing us with a taste – so far – of what it must have been like on the approach to the…
Now that it appears clear the bottom is in for gold, it’s time to stop fretting about how low prices will drop and how long the correction will last – and start looking at how high they’ll go and when they’ll get there. When viewing the gold market from a historical perspective, one thing that’s…
Miners look set for another tough day today after data from China compounds the current softness in prices. A miss on trade and inflation data from the world’s second largest economy will put pressure on the mining sector this morning, many of which are significant components of the FTSE 100. The index is set to…
I have to admit that perhaps the best part of this book from my perspective – over 25 years in the financial markets, is that I am not reviewing yet another “beginners” guide. I find them as tedious as they are typically useless. Although Rae does hit us ever so gently with an initial potted…
This week, I went to one of the world’s biggest mining and exploration conventions, which was hosted by the Prospectors and Developers Association of Canada (PDAC) and was held in Toronto. There were hundreds of gold mining and exploration companies showcasing their projects and making their case for how they could be the next…
Asian stocks advanced overnight with the regional index heading for a fourth weekly increase ahead of all important non-farm unemployment data from the US. FTSE futures are indicating a lacklustre open, currently unchanged on the day ahead of the news. The euro remained near overnight highs following the European Central Bank’s decision not to ease…
