Gold Silver Reports – A bidding war has emerged for Australian oil and gas explorer AWE Ltd. after Perth-based Mineral Resources Ltd. made an all-share takeover offer, challenging an increased all-cash bid by China Energy Reserve & Chemicals Group Co.
U.S. Rates Outlook, Meeting Date December 12-13
Gold Silver Reports – Gold is heading for the biggest weekly drop since May as investors anticipate higher U.S. interest rates and progress on tax reform buoys the dollar, deepening a slump for the metal that touched a one-year high as recently as September.
Bitcoin Looks like Bubble, New Zealand’s Central Banker Warns
Gold Silver Reports – Bitcoin spectacular gains look like a speculative bubble and the cryptocurrency is too unstable to be useful in the future, New Zealand’s central banker said.
A Winklevoss sees Bitcoin Surging as much as 20 Times Higher
Gold Silver Reports – Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold.
Indian Economy set for Higher Growth Trajectory
Gold Silver Reports – Union finance minister Arun Jaitley has said the Indian economy is set for a higher growth trajectory on the back of a slew of structural reforms.
Mutual Funds Log Rs1.26 Trillion inflow in November
Gold Silver Reports – Investors have pumped Rs1.26 trillion into mutual funds in November, driving industry assets under management to an all-time high of Rs21.8 trillion. With the latest inflow, total infusion in MF schemes reached Rs3.8 trillion in the first eight months (April- November) of the current fiscal, latest data with Association of Mutual Funds in India (Amfi) showed.
Natural Gas Prices Analysis Forecast, December 11, 2017
Gold Silver Reports – Natural gas prices attempted to bounce, but were rejected after breaking down on Thursday in the wage of an unexpected draw in natural gas inventories reported by the Energy Information Administration.