Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell by 103 points on Monday, falling for the fifth straight session.The S&P 500 finished lower for the third time in the past four days.Energy stocks, such as Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) , traded higher as oil prices rose. Wall Street Overview Stocks declined on Monday, June 18,...Read More

Belgium's nuclear power plant operator Electrabel has revised the timetable for scheduled maintenance outages at three of its reactors to check for degradation of concrete in the ceilings of buildings housing back-up safety-related equipment. The extended outages will cost the company some EUR250 million (USD290 million).The Tihange plant (Image: Electrabel)During a planned outage at Doel unit 3,...Read More

Friday was an ugly day for themetals, with gold falling almost $30 and silver almost 60 cents. It was the old“throw the baby out with the bathwater,” as there was no place to hide. Thesellers started early and never took their foot off the gas.The move caught us off guard andchanged the dynamics of the overall pattern in gold. It once looked like thebottoms were in but now the $1,240 l...Read More

SAVANNAH, Ga. (Reuters) - The U.S. economy “appears to be in a pretty good place” that should let the Fed continue its steady program of raising interest rates, Atlanta Federal Reserve bank president Raphael Bostic said on Monday.Bostic said the Fed’s target policy rate was “getting close” to a neutral setting in which it is neither encouraging nor discouraging spendi...Read More

(Kitco News)- After the Fed gave a more hawkish perspective on Wednesday,followed by the ECB announcement on Thursday that it would be year-end beforethey were looking to tighten, forex traders aggressively bought the dollar.There was a delayed reaction until Friday, but metals traders having initiallydisregarded the 250 bip drop in the eurofinally capitulated on gold. Gold's inability to break ab...Read More

MADRID (Reuters) - Spain’s new Prime Minister Pedro Sanchez on Monday said he was unlikely to call a snap election and that he wanted to hold the next countrywide vote in 2020 when the current term is scheduled to end.Sanchez, who toppled his conservative predecessor Mariano Rajoy last month in a confidence vote, controls less than a quarter of the seats in the parliament and he had been unt...Read More

The investment climate faces a challengingenvironment due to U.S. monetary/fiscal policies, trade tensions andimmigration issues, says Brown Brothers Harriman. “All three of the major central banks met last week and confirmed thatmonetary policy would continue to diverge for at least another year,” BBH says.“Theclarity of the trajectory of monetary policy reduces the impact ofhig...Read More

Nickel prices on the London Metal Exchange had fallen by 1.4% by the close of trading on Monday June 18, pressured by a strong dollar index and low trading volumes across the complex. Closing below $15,000 per tonne for the first time since May 29, nickel's three-month price has edged away from its steady approach towards $16,000 per tonne last week. Pressured by a surging dollar index, which reac...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

G?(C)camines is to invite all of its joint venture partners to discuss the terms and conditions of their mining contracts with it in an effort to restructure them, the chairman of the Congolese state-run company said. According to Albert Yuma, the goal of the various discussions will be to ensure reasonable levels of capitalization and more shared decision-making mechanisms. "Otherwise, we will no...Read More

Comex copper prices on Monday June 18 are on a three-day downturn to a two-week low amid escalating trade conflicts between the United States and China. Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.65 cents or 1.2% to $3.1080 per lb. Earlier, the contract traded at $3.1065, the lowest since June 4. A rekindling of trade disputes between the US and Chi...Read More

An overview of the battery raw materials markets and their price moves from the past week. Read More

PARIS (Reuters) - When French President Emmanuel Macron laid out a sweeping vision for eurozone reform last September, he spoke of “rebuilding Europe”, with a common budget for the euro nations and a single minister to oversee it all.The proposals he will discuss when he sits down with German Chancellor Angela Merkel outside Berlin on Tuesday will be far less ambitious, with deep diffe...Read More

Bob Moriarty ArchivesJun 18, 2018On March 19thAnaconda announced an offer to buy all of the shares of Maritime Resources at a 44% premium. For a myriad of reasons it’s a brilliant offer and a great deal for Maritime Resources investors. Anaconda has a one-hour video scheduled for June 20th and if you are either a Maritime Resources shareholder or an Anaconda shareholder, you want to make the...Read More

SAVANNAH, Ga., June 18 (Reuters) - Atlanta Federal Reserve bank president Raphael Bostic said he is keeping his call for one more interest rate increase this year as the central bank edges policy higher.“I am still at three,” Bostic said. “We are going at a nice steady pace and I am going to let data inform how rapidly I think we need to be moving...I have not seen anything to su...Read More

After moving significantly higher on Wednesday and Thursday following the dovish monetary policy issued by both the Federal Reserve and the ECB, the precious metals were ambushed Friday morning by the Comex bank cartel. Right before the Comex gold pit opened on Friday, thousands of gold and silver contract were dumped wholesale into the Comex Globex computer trading system. The deluge contin...Read More

NEW YORK (Reuters) - The Dow and S&P were modestly lower on Monday, having recovered from earlier lows, as gains in energy shares helped curb declines stemming from trade war concerns after China’s retaliation to U.S. tariffs.U.S. President Donald Trump said last week he was pushing ahead with tariffs on $50 billion of Chinese imports, prompting a quick response from Beijing, which said...Read More

Chris VermeulenPosted Jun 18, 2018Closing out a big week in the markets, we see the US markets rotating a bit lower after a number of news events.Some of these were very positive and others were negative.The take away from last week can be condensed into the following:The US Dollar strengthened all week and shot up above $120 near the end of the weekCrude Oil tanked on Friday – falling nearl...Read More

The widely-anticipated third-quarter European ferro-chrome benchmark price reduction is likely to be smaller than early estimates, market sources say, amid rising spot prices in China and Europe. The ferro-chrome benchmark is negotiated quarterly by a leading South African ferro-chrome producer and a major stainless steel mill. The second-quarter price settled at $1.42 per lb and the third-quarter...Read More

OTTAWA (Reuters) - Canada is considering all options, including providing financial aid to the auto industry, to cope up with possible U.S. tariffs, a senior federal minister said, even as officials expressed doubt Washington would follow through with a threat to impose the punitive measures.U.S. President Donald Trump last month said he might impose tariffs of up to 25 percent on foreign-built au...Read More