Gold Silver Reports – Gold MCX Buy on Dips Support Key Level at 28420—28301 – Technically Gold market is under fresh buying as market has witnessed gain in open interest by 1.26% to settled at 6889 while prices up 88 rupees.
Surge in U.S. Shale Hedging to Boost Drilling in 2018
Gold Silver Reports – Surge in U.S. Shale Hedging to Boost Drilling in 2018 – When oil prices rocketed toward $60 a barrel this fall, U.S. shale producers hedged more barrels of oil during the quarter than in at least three years, which could help propel the country to record crude production by next year.
Gold Prices Edge up on Global cues, Jewellers’ Buying
Gold Silver Reports – Gold Prices Edge up on Global cues, Jewellers’ Buying – Gold prices inched up by Rs10 to Rs29,700 per 10 gram at the bullion market on Thursday on firm trend overseas amid scattered buying by local jewellers. Silver also rebounded by Rs105 to Rs38,280 per kg, backed by increased offtake by industrial units and coin makers.
See Bitcoin as a Lottery, Not an Investment
Gold Silver Reports – See Bitcoin as a Lottery, Not an Investment – A tea seller in Mumbai’s newest corporate hub claims to have bought 4 bitcoins, at Rs1 lakh each, in May 2017. He is already sitting on a handsome profit, given the price of Rs13.64 lakh per bitcoin—as per Coinome as on 19 December. However, he says he will wait till next year when the price would be around Rs15 lakh a bitcoin. On being asked how he knows for sure that the price will move to that level, he responded with an assured, “Aap dekhna (you’ll see).”
Gold Prices Little Changed as Dollar holds Steady on Tax Bill Hopes
Gold Silver Reports – Gold prices were nearly unchanged early on Wednesday as the dollar held steady on expectations of a U.S. tax overhaul.
Crude Oil edges up on North Sea pipeline outage
Gold Silver Reports – Crude Oil prices inched up on Wednesday, supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North Sea Forties pipeline system.
Cornyn Says Tax Bill Mandate Repeal Makes Obamacare ‘Unworkable’
Gold Silver Reports – Cornyn Says Tax Bill Mandate Repeal Makes Obamacare ‘Unworkable’ – The No. 2 Senate Republican said Tuesday that the GOP’s tax bill will make Obamacare “unworkable,” which he hopes will force Democrats into negotiations to replace the law.