Today Zinc Call – BUY Zinc at CMP 171.85 for Target 172.90 – 173.60 with SL below price 170.75 Read More
(Kitco News) - Gold prices remain under pressure as Federal Reserve Chairman Jerome Powell signals a steady as it goes tone in his prepared testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.As expected Powell remained upbeat on the U.S. economy, saying growth has been "solid" so far this year. "The latest data suggest that economic growth in the secon...Read More
Newmont Mining Corp. (NYSE: NEM) announces the completion of the Northwest Exodus project in Nevada. This should add between 50,000 and 75,000 ounces of gold production per year and lower Carlin’s all-in sustaining costs by approximately $25 per ounce during the first five years of operation, Newmont says. The underground infrastructure also provides exploration platforms for potential futur...Read More
Holdings of gold by global exchange-traded funds have fallen to the lowest level since March, reports commodities brokerage SP Angel. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. They give investors exposure to the gold price without incurring certain expenses such as assaying and storage. “Depressed gold prices are forcing...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
The AMC channel has a hit TV show called The Walking Dead. The way gold has traded for the past few weeks, it appears that the metal has now taken the starring role. Metals in general have become comatose at the lower ends of their ranges as they wait for a reason to move. This type of trading action is very common in all markets. You see markets go through different phases and right now the metal...Read More
(Kitco News) - First Majestic Silver Corp. (NYSE: AG; TSX: FR; FRANKFURT: FMV) late Monday upped its 2018 output guidance after posting a company production record of 5.1 million silver-equivalent ounces in the second quarter following the acquisition of a seventh operating mine in May.Second-quarter silver output rose 21% year-on-year to 2.78 million ounces, while gold production climbed 68% to 2...Read More
The latest news and price moves to start the Asian day on Tuesday July 17.Pressured by ongoing trade tensions, base metals on the London Metal Exchange ended mostly lower at the close of trading on Monday July 16, with aluminium the only metal to trade in positive territory. Read more in our live futures report.Here are how prices looked at the close of trading:China imported 448,000 tonnes o...Read More
The latest news and price moves to start the Asian day on Tuesday July 17.Pressured by ongoing trade tensions, base metals on the London Metal Exchange ended mostly lower at the close of trading on Monday July 16, with aluminium the only metal to trade in positive territory. Read more in our live futures report.Here are how prices looked at the close of trading:China imported 448,000 tonnes o...Read More
The latest news and price moves to start the Asian day on Tuesday July 17.Pressured by ongoing trade tensions, base metals on the London Metal Exchange ended mostly lower at the close of trading on Monday July 16, with aluminium the only metal to trade in positive territory. Read more in our live futures report.Here are how prices looked at the close of trading:China imported 448,000 tonnes o...Read More
The London Metal Exchange is to roll out implied pricing across its key base metals contracts from the end of July in a bid to capture growth in copper volumes from Asia, and particularly from China. ...Read More
Comex copper prices were little changed in early morning trading on Tuesday July 17 with market participants awaiting new monetary information before settling on a new direction. ...Read More
The London Metal Exchange will implement an implied pricing functionality from July 30, extending it from the existing LMEprecious service to base metals contracts, the bourse said in a note to members on Tuesday July 17. ...Read More
A production increase in the Chinese ammonium paratungstate (APT) market has pressed cargo prices in China and Europe, while a lack of demand for tungsten concentrates dragged the upstream market down....Read More
Global vanadium prices continued their ascent over the past week, with strength in the Chinese market setting the tone for the rest of the world....Read More
Canadian miner Lundin Mining has submitted a second offer to buy compatriot company Nevsun Resources, changing its approach by offering a straight cash deal to shareholders, the company said late on Monday July 16....Read More
A summary of Rio Tinto's second quarter production results for the three months ended June 30: (year-on-year change)...Read More
A production increase in the Chinese ammonium paratungstate (APT) market has pressed cargo prices in China and Europe, while a lack of demand for tungsten concentrates dragged the upstream market down....Read More
The silence in Turkey's deep-sea scrap markets was broken with the sale of a US cargo on Tuesday July 17, but the overall slowdown has continued, according to market sources....Read More
The London Metal Exchange is to roll out implied pricing across its key base metals contracts from the end of July in a bid to capture growth in copper volumes from Asia, and particularly from China. ...Read More