News 

Ivan Martchev’s 2018 predictions: Gold will sink, and the dollar will rally

“Read: How palladium and lumber defied the 2017 commodity slump Why did the dollar decline in 2017?” writes Ivan Martchev for marketwatch.com. I think a decline in gold to below $1,000 is likely to happen if my dollar forecast for 2018 works out.Bigger mountains of debt cannot produce an accelerating economy in China, which is a sign of a busted credit bubble (see chart).Thinking that gold will decline in 2018 is derived directly from the expectation that I think the dollar is likely to rally in 2018, which I believe…

Read More
News Oil 

Baker Hughes reports a decline in the weekly U.S. oil-rig count

“Baker Hughes BHGE, -1.18% on Friday reported that the number of active U.S. rigs drilling for oil was down 4 at 747 this week” writes Markets Commodities Reporter for marketwatch.com. The decline follows increases over the last three weeks in a row.The total active U.S. rig count, which includes oil and natural-gas rigs, also fell by 1 to 930, according to Baker Hughes. Source: marketwatch.com Share This:

Read More
Crypto Markets News 

Bitcoin Price Posts Slight Decline But Altcoin Markets Set New Records

“Bitcoin investors have grown accustomed to seeing the value of their holdings soar with every passing day, but the bitcoin price has not made much sustained movement this week” writes unknown author for cryptocoinsnews.com. While bitcoin fluctuates around $17,000, altcoin prices have been soaring  — and the ethereum price has been leading the charge.The bitcoin cash price posted a 24 percent gain, briefly crossing the $2,000 threshold before settling down to a present value of $1,965.At the time of writing, the ethereum price was trading at a global average of…

Read More
News Regulators 

Treasury yields hold decline after Fed raises benchmark interest rate

“The 10-year Treasury note yield TMUBMUSD10Y, -1.52% was at 2.362%, from 2.403% on late Tuesday” writes Sunny Oh for marketwatch.com. The 2-year note yield TMUBMUSD02Y, -1.77% 1.803%, from 1.829%.They also forecast U.S. GDP forecasts to rise to 2.5% next year from 2.1% and unemployment to fall to 3.9%.Treasury yields held onto its earlier fall after the Federal Open Market Committee voted to raise rates by a quarter percentage point on Wednesday, bringing it up to between 1.25% and 1.50%.The Fed stuck to its forecast for three rate increases in 2018. Source:…

Read More
News 

Public Investment Will Decline Under GOP Tax Plan

“GOP lawmakers are no doubt confident the gains from extra private investment handily outweigh the losses from lower public investment” reports realclearmarkets.com. Measured as a share of the U.S. economy, combined federal, state, and local investment spending hit a six-decade low in 2016.The GOP tax package is anti-growth in at least one respect: It’s likely to cut public spending devoted to investing in the future.We do know, however, that the final law will cut federal revenues by at least $1 trillion over the next decade.An overwhelming share of education spending…

Read More
News Stocks 

Barnes & Noble’s stock plunges after losses widen more than expected

“Book sales continued to strengthen, and we saw improved traffic and conversion trends,” said Chief Executive Demos Parneros” writes Reporter Editor for marketwatch.com. Revenue has now declined year-over-year for 14-straight quarters and same-store sales have fallen for eight-straight quarters, according to FactSet data.The company affirmed its fiscal 2018 same-store sales outlook for a decline in the low-single-digits percentage range.Revenue fell 7.9% to $791.1 million, while same-store sales declined 6.3%.The company said half of the latest quarter’s same-store sales decline was a result of last year’s release of “Harry Potter and…

Read More
News 

‘Trump slump’? Visitors to U.S. down 4 percent in 2017’s first half

“Visitors from Mexico in June dropped 16 percent compared with the previous June, and there was a 9.4 percent decline in visitors from Mexico in the six-month period” writes The Associated Press for seattletimes.com. Fewer visitors came from nearly every region of the world, but visitors from the Middle East and Mexico declined the most, while travelers from Western Europe were down much less.The data “underscores the concerns we have had this year about the international tourism landscape in the U.S.,” said NYC & Company CEO Fred Dixon. Source: seattletimes.com Share…

Read More
News 

LA Galaxy decline option on USMNT midfielder Jones in roster purge

“The LA Galaxy have declined the contract option on U.S. national team midfielder Jermaine Jones, the MLS club announced Monday” writes Sporting News for sportingnews.com. In addition to Jones, the Galaxy declined options on 12 further players: goalkeepers Jon Kempin, Brian Rowe and Clement Diop; defenders Pele Van Anholt, Nathan Smith and Bradley Diallo; midfielders Rafael Garcia, Raul Mendiola and Jaime Villarreal; and forwards Jose Villarreal, Jack McBean and Jack McInerney. Source: sportingnews.com Share This:

Read More
News Oil 

U.S. oil prices mark first decline in 4 sessions

“U.S. oil prices settled lower for the first time in four sessions Monday, as some traders expressed doubt over an extension to a production-cut deal at the OPEC meeting later this week” writes Markets Commodities Reporter for marketwatch.com. WTI crude prices have been driven higher in recent sessions as U.S. inventory data showed crude stockpiles falling and on disruption to the Keystone pipeline in the U.S. after an oil spill in South Dakota.Still, prices for the U.S. benchmark crude finished off the session’s worst levels, finding some support after a…

Read More