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Live London Gold News Wire
15 to 30 minutes old
www.usagold.com --LIVE NEWS--
Pantoro has an upgraded gold resource as it prepares to ramp up mining and production19:25
Proactive Investors (Australia)
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Gold dips18:18
The News International - Business
2 to 4 hours old
www.usagold.com --LIVE NEWS--
'Manuka gold' brings overpopulation17:23
Stuff.co.nz - Dominion Post
Mining For ASCO 2018's Gold, Part 1: Early Breast Cancer Has Some Sheen16:37
Seeking Alpha - Investment Ideas
Eldorado Gold: Will Recent News Spark A Rally?16:37
Seeking Alpha - Investment Ideas
Looking Forward To Gold's Next Rally - Craig Hemke (22/05/2018)16:37
Seeking Alpha - Macro View
Tight Money Or Loose Money: Which Helps Gold The Most?16:37
Seeking Alpha - Macro View
Gold rises after Fed meeting minutes16:35
Business News
Fed Minutes Released, Continuing an Ascending Triangle Pattern in Gold16:33
Kitco - Hawaii Six O - Gary Wagner
4 to 6 hours old
www.usagold.com --LIVE NEWS--
The $101m gold rush coming to an end for James Hardie boss Louis Gries15:44
WA Today - Comment
The $101m gold rush coming to an end for James Hardie boss Louis Gries15:43
The Sydney Morning Herald - Business
Junior exploration roundup: Orla, Lumina Gold, Zinc One, Emerita, Palamina15:24
Business News Americas - Metals
Gold Seeker Closing Report: Gold Gains While Silver Slips15:16
'Peak Gold' Scarcity Could Drive Gold Value Above $1,60014:04
NewsMax - Finance Insiders
Gold Prices To Rally To $1,400 In 2019, U.S. Dollar To Drop - ABN Amro14:02
Kitco - Interviews
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Gold import made easier13:02
The Daily Star, Bangladesh - Business
Minera Alamos President says the company is targeting gold production for early 201913:02
Proactive Investors (USA & Canada)
Minera Alamos CEO says the company is targeting gold production for early 201912:52
Proactive Investors (USA & Canada)
What If This Week’s Rally In Gold Is Already Over?12:43
Dollar Drops; Stocks, Bonds, Gold Pop As Market Sees "Dovish" Fed12:23
Zero Hedge (Weblog)
Gold Upticks A Bit On Slightly Dovish FOMC Minutes12:21
Kitco - News Bites
Gold Flat After Fed Minutes12:20
London South East
Gold Trims Daily Losses As Fed Minutes Signal A June Rate Hike12:11
Kitco - News Bites
Gold prices finish lower, then edge up after Fed meeting minutes12:11
MarketWatch - Commodities
Earlier Today
www.usagold.com --LIVE NEWS--
Gold Prices Flat as Geopolitical Uncertainty Offsets Dollar Pressure11:42
Investing.com - Commodities
'This is one of the most prolific gold mining regions in the US': Blackrock Gold completes strong stepping stones at its Silver Cloud project, more work ahead11:41
Proactive Investors (USA & Canada)
Gold policy approved by cabinet...10:52
Dhaka Tribune - Business
Royal Gold: Still One Of The Strongest Streaming Companies10:37
Seeking Alpha - Investment Ideas
Why The Fundamental Gold Price Rose - Precious Metals Supply And Demand10:37
Seeking Alpha - Macro View
Is It Time To Just Sell All Your Gold?10:33
The Market Oracle - The Market Oracle
What’s Next for Gold10:23
The Market Oracle - The Market Oracle
Royal Road Minerals CEO says samples from gold prospect in Nicaragua are significant10:20
Proactive Investors (USA & Canada)
Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose Millions09:59
Gold Loses As US-China Tensions Ease, Is a Respite in Sight09:44
Nasdaq - Global Markets
Gold Unsteady As Investors Await FOMC Minutes09:43
Investing.com - Market Overview
Bluebird Merchant Pleased With Kochang Results, High Gold Traces09:39
London South East
What if This Week's Rally in Gold is Already Over?09:22
SPX, SPY, GDX, Gold Technicals: 05_23_1809:19
Investing.com - Stock Markets
What if This Week’s Rally in Gold is Already Over?09:06
Gold Falls as Investors Look Ahead to Fed Meeting Minutes08:52
Investing.com UK - Commodities
Why O’Leary And Holmes Are Both Right On Gold, Gold Stocks08:49
Investing.com - Commodities
ML Gold (TSXV: MLG) Receives Drilling Permits and Cuts Open Ended Visible Copper in Hole 8 at Stars Property08:42
Gold Falls as Investors Look Ahead to Fed Meeting Minutes08:41
Investing.com - Commodities
Gold rush coming to an end for James Hardie boss Louis Gries08:22
WA Today - Comment
Gold, natural gas rise on MCX; setup bullish08:20
The Economic Times
Gold rush coming to an end for James Hardie boss Louis Gries08:19
The Sydney Morning Herald - Business
When Franklin Roosevelt Dropped a Bombshell on Gold08:00
Bloomberg - Bloomberg View - All
Strange divergence in gold and oil could spell more gains for stocks07:59
CNBC - Investing
Gold's Attempt To Breach $1,300 Fails Amid Positive Flash PMI Data07:59
Kitco - News Bites
US Gold Scrap prices climb tracking the uptrend in COMEX Gold07:59
Scrap Register - Scrap News

by Michael J. Kosares

Note: We will post LATE DAY UPDATES when warranted, so check back late afternoon, early evening.

Minutes reveal a cautious Fed with a policy more passive in nature that could be good for gold

USAGOLD, Wednesday 5-23-2018 (PM) – We continue to believe that a Powell-led Fed will stay cautious on raising rates.  The economic outlook is far from clear, though the obvious intent is try to jump-start inflation.  The problem with inflation – as most of the historical examples tell us – is that things can seem very quiet for awhile then get very noisy in a hurry.

With respect to gold, the latest revelations of Fed group think in and of themselves are not likely to send demand on a tear, but it could allow for a steady increase in interest, and perhaps, even price appreciation over time, though I hesitate to say such a thing [smile]. There are, at the same time, a number of other potential incentives for gold to attract investor/speculator interest on a short term basis outside the effects of Fed policy – like the geopolitical situation, for one; bond and stock market concerns for another.

We believe the important point to consider from a gold perspective is that the Fed is flashing all sorts of signals that its policy is going to be more passive in nature. . . . .The markets, including the international gold market, will need to figure out what that might mean. For the owners of physical metal, time is on our side.

Gold tracking sideways, bounces higher off ascending trend line at $1282.50

USAGOLD, Wednesday 5-23-2018 (AM)–– Gold tumbled in European trading but righted itself early in the U.S. session to trade at $1294.50 and get to even on the day.  It got as low $1289 in overnight trade. Emerging country debt and currency problems, the Federal Reserve's release of minutes for its May meeting and the tenuous state of negotiations with China are all weighing on gold market sentiment this morning.

– MarketWatch reports that the Fed might "float new ideas" in the May minutes, but the main feature could very well break down to the differing views as to the future among board members.

– The China negotiation might very well have just gone into a protracted stall judging from the president's most recent remarks.

– As for the emerging countries' currency and debt problems, the similarities to the 1997-1998 Asian contagion are striking. We have seen estimates that as many as thirteen different countries are experiencing significant difficulty.

Today could end up being "one of those days" for financial markets including gold. . . . . . .

Quote of the Day
“A strong USD corresponds to generally hawkish Fed in an environment where the US is recovering fast while the rest of the globe is still too slow or recessionary, or that the Fed is pushing rates above the neutral and causing excessive tightening of financial conditions and potentially triggering recession. A weak USD path, on the other hand, can materialize either as an inflation or credit (twin deficits) risk, a troubling possibility to which there is no adequate policy response.” – Aleksander Kocic, Deutsche Bank

Chart of the Day

Chart note: Though not in lock step, gold and oil tend have traveled in the same direction since 2008.  At present, oil is outpacing gold, but given their historical relationship, an argument could be made that the yellow metal has some catching up to do.  There are those who might read in this chart the opposite – that oil is due for a correction to the downside. Some analysts though, like Union Bank of Switzerland and Bank of America, see its recent rise as fundamentally sound with a $100 price per barrel in the cards.


"A customer of mine who is 55 years old recently asked if it was not too late for him to get into precious metals. The answer is no—it is not too late to invest in gold and make a profit at any age. Quite the contrary, with the market showing the early signs of a correction, it is, in my humble opinion, a perfect time to invest in precious metals." – Oliver Garret, Forbes

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Michael J. Kosares is the founder of USAGOLD, author of The ABCs of Gold Investing - How To Protect and Build Your Wealth with Gold (Three editions), and editor of the firm's monthly newsletter. He has also written numerous published articles and essays on the gold market.


8:01 pm Wed. May 23, 2018

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