Uranium Energy Corp Acquires the Diabase Project in the Athabasca Basin and Appoints Darcy Hirsekorn as District GeologistCanada NewsWireCORPUS CHRISTI, TX, Feb. 9, 2018Read More
Gold has a strong track-record as a store of value by preserving spending power over long periods of time.Gold investment is typically motivated to hedge risk while return chasing is a large impetus for bitcoin buyers.Gold is a physical asset with demand rooted in consumer and industrial applications beyond its role in the financial system.12Click to enlargeNotes: 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 equity markets are undersiege and every major sector is in correction territory for the first time intwo years. Energy, materials, tech, and financials are getting creamed.Treasury bonds are in a bear market, and gold is running in place but losingground every day.The safety assets are notoffering much security, especially the Treasuries as they get pounded dailywith rising rates. For years go...Read More
* Euro headed for worst week since October* Dollar backs off four-month lows vs yen* Strategists say dollar weakness here to stay despite rally* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 9 (Reuters) - The dollar rose on Friday to extend its recent gains while the euro was headed for its worst weekly performance since Nov. 2016 after the global stock market sell-off squeezed invest...Read More
(Adds details, CEO comment)By Peter HobsonLONDON, Feb 9 (Reuters) - The London Metal Exchange (LME) was likely to make fee cuts permanent on short- and medium-dated carry trades after volumes on those trades rose in January, despite slightly weaker overall turnover, it said on Friday. The LME cut fees on short-dated carries in October and on medium-dated carries in November in a bid to revive vol...Read More
Trump came out and tried to talk up the dollar.While the "bounce" in the USD has been anemic, the precious metals and mining stocks have reacted very negatively.I don't expect this bull market in gold will be derailed because of these statements, but it could remain under pressure for a bit longer.Eventually, inflation and further increases in interest rates will crush the stock mark...Read More
Endeavour Mining has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4 percent this year, its country manager said on Friday.The Canadian company's Agbaou and Ity mines yielded a combined 236,000 ounces of gold last year, and plan to produce 245,000 in 2018.But operations in Agbaou were re...Read More
* Premiums in India at $1.5/oz vs $2 last week* Premiums in China at $9-$10/oz vs $6-$8 last week By Nithin ThomasPrasad and Rajendra JadhavBENGALURU/MUMBAI, Feb 9 (Reuters) - Physical gold demand in Asia picked up towards the end of the week, as a pullback in prices spurred purchases ahead of the Lunar New Year in China and the wedding season in India.Spot gold has declined about 1 percent so fa...Read More
* Euro headed for worst week since October* Dollar backs off four-month lows vs yen* Strategists say dollar weakness here to stay* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 9 (Reuters) - The euro gained against the dollar on Friday but the single currency was still headed for its worst weekly performance since October after the global stock market sell-off squeezed investors betti...Read More
JOHANNESBURG, Feb 9 (Reuters) - South Africa's Northam Platinum Ltd said on Friday it expects a wider mid-year loss despite its Zondereinde and Booysendal mines achieving operating profits.It expects a headline loss per share of 77.6 to 90.5 cents for the six months which ended on Dec. 31 versus a loss of 64.7 cents a year earlier. "The anticipated loss is attributable to the Zambezi Platinum...Read More
Total gold ETF holdings are at their highest level since May, 2013, and this could be due to a growing interest in commodities in general. Will Rhind, CEO of GraniteShares, told Kitco News that growing interest in gold is driven by two main factors: "weaker U.S. dollar, and more volatility and increasing fears of inflation in the market." Rhind compares gold's recent failure to rally in response...Read More
Here are 3 Hot Things to Know About Stocks Right Now Sectors leading the sharp declines Thursday included industrials, financials and technology.The Dow finished lower for the fourth time in five days, and is down more than 2,700 points from its record high of 26,616.71 on Jan. 26.The Nasdaq finished lower for the ninth time in 11 sessions; the S&P 500 has fallen for the seventh time in the...Read More
Wall Street futures weakened again Thursday, as bond yields rose and the dollar strengthened, in a cautious session for global stocks that saw markets fall in Europe and Asia that suggests investors aren't quite ready to return to equities following three days of intense volatility that has rocked markets around the world. Contracts tied to the Dow Jones Industrial Average were marked 79 po...Read More
He has risen from the grave... with a thirst for blood.The scourge of Washington, the fiend of Wall Street, this boogeyman's return has markets wriggling in exquisite torture...Rumors of his return were at least partly responsible for Monday's record 1,175 point bloodletting.His stomping footsteps were heard again yesterday afternoon... and stocks sold off violently.The footsteps grew louder today...Read More
The crypto market took some massive hits this week, mirroring action we've seen in the stock market.On Tuesday 99% of the top 100 coins by market cap were in the red.Stories about banks cutting off services to companies and individuals who work with crypto, shutting down their bank accounts, turning off their crypto-loaded credit cards, shutting down their merchant accounts and even freezing their...Read More
The stock market has settled down after Monday's big drop.The Dow Jones Industrial Average finished Wednesday trading just in the red after a volatile start to the week. Meanwhile, the Nasdaq Composite was yesterday's biggest loser. The tech-heavy index slipped late in Wednesday's session to finish the day down almost 1%.We have a chance to take a step back and survey the damage now that stocks ha...Read More
Do you have a brain?If so, then I am very confident you are going to have a major edge investing over the next five years.I know that sounds like a ridiculous thing to say. You're thinking that it's obvious having a brain is a requirement for successful investing.But for the past five years it hasn't been. In fact, thinking has been quite detrimental to stock market performance.But that's going to...Read More
Gold does not capture any safe-haven bids.Speculators turn bearish on gold for the first time in seven weeks, the CFTC shows.ETF investors cut their gold holdings for the first time in three weeks, according to FastMarkets' estimates.Gold is not dead, but its macro backdrop is not as friendly as one would expect, for now.I am long IAU over the long term (12m). I am sorry, but I don't pay attention...Read More
As market turmoil hits both equities and cryptocurrencies, the heightened volatility in these assets underscores gold's unique role as a safe haven, store of value and portfolio diversifier.Stock Market SelloffsWith major US stock indices falling again sharply on Thursday (DJIA - 4.02%, NASDAQ - 4.08%, S&P -3.41%), last Monday's equity market selloff and spike in volatility looks set to be a m...Read More