Dow futures are sluggish this morning, despite a round of relatively well-received blue-chip earnings and the end of the government shutdown. Verizon (VZ), Johnson & Johnson (JNJ), and Travelers (TRV) stocks are pointed higher after earnings, though fellow Dow stock Procter & Gamble (PG) is headed lower. The big earnings winner ahead of the bell so far is FAANG stock Netflix (NFLX), which has the...Read More
Gold looks constructive on the technical charts as the metalcontinues to get a “slight sparkle” with the U.S. dollar remaining nearthree-year lows, says LukmanOtunuga, research analyst at FXTM. “The yellow metal remains bullish onthe daily charts and has the potential to venture higher amid the weakeningU.S. dollar,” the analyst says. “From a technical standpoint, the...Read More
SANTIAGO, Jan 23 (Reuters) - Chile's conservative President-elect Sebastian Pinera on Tuesday named Senator Baldo Prokurica as incoming mining minister, a key post in the world's top copper exporter.Pinera, who won the presidency last month, governed the country from 2010 to 2014. He named his former Finance Minister Felipe Larrain to fill the same spot again in his incoming cabinet. (Reporting by...Read More
(Kitco News) - TheLondon Bullion Market Association is seeking proposals on how to develop a“blockchain” for gold to underpin integrity of the supply of the metal, theorganization announced Tuesday.Accordingto news reports, this would track metal to its origins, thereby helping preventuse of gold for financing terrorism, money laundering and helping resolve theproblem of “conflic...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
Mr. John Burzynski reportsOSISKO INTERSECTS 415 G/T AU OVER 5.9 METRES AT LYNXOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and around...Read More
PretiumResources Inc. (TSX,NYSE: PVG) produced 70,281ounces of gold at its Brucejack Mine in British Columbia during the fourthquarter as ramp-up continues. As a result, officials now list 152,484 ounces ofgold produced during the first six months of ramp-up. Officials say steadystate gold production is expected by mid to late 2018 as the ramp-up of mining into areas ofhigher-definition drill...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 91.56 G/T GOLD OVER 3.82 METRES AT SNIPSkeena Resources Ltd. has released additional drill results from nine holes at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: UG17-044: 12.59 grams per tonne gold over 4.70 metres; UG17-053: 58.70 g/t Au over 1.15 metres; UG17-054: 30.40 g/t Au over 1.50 metres...Read More
Stocks jumped to new records on Monday, Jan. 22, after the Senate reached agreement on a deal that would end the government shutdown that began at midnight on Friday. The deal would allow thousands of furloughed federal workers to return to work and others to expect their next paychecks to arrive on time. The Senate advanced a bill reopening federal agencies through Feb. 8 after Democrats relent...Read More
Institutional investors looking for asset diversificationInflationary talk prompting search for portfolio hedgeGold Soars as Crypto Currencies PlungeInstitutional investors are showing renewed interest in gold due to the softer U.S. dollar, rising bond yields and concern about stretched asset valuations. Some big investors are seeking to diversify their portfolios and taking a hard look at gold as...Read More
Treasuries erase advance; West Texas Intermediate crude gainsDollar declines as euro, pound rise; gold edges higherBloomberg's Sahil Kapur reports on efforts to reopen the government. U.S. equity gauges closed at records as the government shutdown appeared to be on the brink of ending and investors turned their attention toward earnings. The dollar fell and Treasuries traded little changed.The S&a...Read More
Stocks turned higher Monday, Jan. 22, as investors watched for the impact of a federal government shutdown that entered its third day. The Dow Jones Industrial Average rose 0.08% to 26,093. The S&P 500 rose 0.27% and the Nasdaq rose 0.39% - both indexes recorded intraday record highs. Senate lawmakers have scheduled a vote for 12 p.m. ET on Monday with hopes of reaching a temporary...Read More
Wall Street futures drifted lower Monday, following modestly weaker sessions in Europe and Asia, as investors watched and waited for the impact of a federal government shutdown that has extended into its third day amid rising Treasury bond yields and a stabilising dollar. Early indications from U.S. Futures suggest a weaker start to trading ahead of a busy slate for corporate earnings the annual...Read More
European stocks were little changed at the start of trading Monday, while U.S. equity futures drifted into the red as investors watched for the impact of a federal government shutdown that has extended into its third day amid rising Treasury bond yields and a stabilising dollar. The Stoxx Europe 600, the regional benchmark, flitted in and out of positive territory at the opening bell, with littl...Read More
As the government shutdown enters its third day, the press is going bonkers as it attempts to concoct new doomsday scenarios that could tear down our powerful stock market melt-up.While the shutdown clock officially started late Friday, today is the first day federal agencies will close their doors. But as Uncle Sam takes a break, the noise machine has kicked into overdrive. The media is working a...Read More
Welcome to the first work week of the government shutdown!(That is, unless you're one of the 850,000 “non-essential” government employees being furloughed.)If the government shutdown keeps you from going to work today, it might be a great day to check out my Big Book of Income - which gives you 47 work-free ways to generate some extra income on the side.You can see how to get your free...Read More
Here are some startling statistics for you to think about: Every 66 seconds, someone in the United States is diagnosed with Alzheimer's disease.Today, more than 5 million Americans suffer from Alzheimer's disease, and millions more will be diagnosed in the years to come. Alzheimer's kills more than breast and prostate cancers combined. It is the sixth-biggest killer in this country.Just think abou...Read More
If you are married and between the ages of 55 and 70, there's a 50% chance either you or your spouse is developing Alzheimer's disease right now. With a single diagnosis, you could join the 5.4 million Americans who are suffering from the mind-wasting disease.It sounds grim, I know. But there is hope. In fact, one company may have figured out how to actually stop the disease in its tracks.If it wo...Read More
Gold takes off to the upside.The dollar is making gold more precious.Silver has not participated, yet.The silver/gold ratio is creeping higher - a danger signal?Silver - always expect the unexpected.At the beginning of December gold was under intense selling pressure. The dollar was mounting an attempt at a recovery, and the historical inverse relationship between the U.S. currency and the yellow...Read More
Bitcoin and its cousins threaten money, banking, and government control.The attack on fiat currencies.A decade of liquidity and accommodation gave birth to a baby crypto that is growing into a force.Central banks are the world's largest gold holders.Comfort for naked currencies as a weapon.I have been thinking a lot about the digital currency revolution over recent months as I continue to kick mys...Read More