Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined sharply on Tuesday, falling for a sixth straight session, as President Donald Trump issued new trade threats against China. The Dow's decline marked the index's longest losing streak since March 2017.The Dow is now almost 2,000 points below its all-time high reached in late J...Read More
Mr. Nav Dhaliwal of Bonterra reportsBONTERRA TO ACQUIRE METANOR, EXPANDING STRATEGIC POSITION IN URBAN BARRY CAMP AND DE-RISKING POTENTIAL PATH TO PRODUCTIONBonterra Resources Inc. and Metanor Resources Inc.have entered into a binding letter of intent dated June 17, 2018,to combine Bonterra and Metanor to create an exciting new advanced Canadian gold exploration and development company focused on...Read More
By John Ing, President & CEOMaison Placements Canada Inc We believe markets are vulnerable to a serious correction on four fronts: runaway deficits, property bubbles, mounting inflation and geo-political tensions. With America's outsized international funding requirements and a debt to GDP ratio of 100 percent made worse by a long spell of strong growth and easy money, the greenback is in for...Read More
WASHINGTON - President Donald Trump threatened to sharply escalate a trade conflict with China, asking his administration to identify $200 billion in imported goods from China to be penalized with tariffs. Trump's move comes after Beijing announced it would retaliate in kind to planned U.S. tariffs on $50 billion in imports from China. The U.S. president's latest plans, if carried out, would likel...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
BERLIN (Reuters) - The leaders of Germany and France agreed on Tuesday to create a budget for the euro zone and hailed a “new chapter” for the currency union, but they left the details to be worked out later with other members of the 19-country bloc.Their meeting, to prepare for an EU summit on June 28-29, had been dubbed a “moment of truth” for bilateral relations by Franc...Read More
(Kitco News)- Goldprices remain under pressure and below critical support, following the releaseof mixed U.S. housing construction data. TheCommerce Department's latest report showed that U.S. housing starts rose 5% into a seasonally adjusted annual rate of 1.35 million units in May, compared toApril's revised figure of 1.286 million starts. Consensus forecasts compiled by most news organizations...Read More
NEW YORK (Reuters) - U.S. President Donald Trump’s threat to escalate a trade conflict with China is likely a negotiating tactic and not a “suicide pact,” the chief executive of Goldman Sachs & Co said on Tuesday, criticizing the White House strategy as a risky tit-for-tat.“I don’t know if this is going to be the pattern of North Korea - a lot of bluster. And I do...Read More
WASHINGTON/BEIJING (Reuters) - China has underestimated President Donald Trump’s resolve to press ahead with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that undercut the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers.The threat of a growing trade co...Read More
* Risk aversion sends global shares to lowest since December * Platinum hits more than 2 year low * GRAPHIC-2018 asset returns: (Recasts; updates prices, headline; adds comment, secondbyline, NEW YORK to dateline)By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, June 19 (Reuters) - Gold fell to a nearsix-month low and platinum hit its lowest since February 2016 onWednesday as a stronger green...Read More
Weekly Reports |Jun 19 2018The US regulator has criticised the president's directive that would see electricity providers forced to buy nuclear power.-US regulator criticises Trump-Korean reactor to shut down early-Spot price wanes as demand subsidesBy Greg PeelThe story in the US so far...US legacy nuclear plants are closing down or threatening to close down as they cannot compete with gas-fired...Read More
(Kitco News) - Gold andsilver prices are moderately lower in early U.S. trading Tuesday, with goldslumping to a six-month low, as major raw commodity markets are selling offamid fears of a major world trade war. Adding to downside pressure on theprecious metals is a surging U.S. dollar index that hit an 11-month high today.August Comex gold futures were last down $7.10 an ounce at $1,273.00. JulyC...Read More
Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More
Unit 4 of Kyushu Electric Power Company's Genkai nuclear power plant in Saga Prefecture today became the ninth Japanese reactor to resume power generation. The 1180 MWe pressurised water reactor is expected to re-enter commercial operation in mid-July.The four-unit Genkai plant (Image: Kyushu)The utility began the process of extracting the control rods from the reactor on 16 June. Kyushu announced...Read More
(Reuters) - Global oil prices look poised to rise in the medium term, but since the United States produces more oil than it once did and businesses are more judicious in their fuel use, a jump in oil prices would not hurt the country’s economic growth much, a U.S. central banker predicted on Tuesday.“It is the view of Dallas Fed economists that the negative impact of higher oil prices...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 19. Please click...Read More
The US Department of Energy's (DOE's) Office of Nuclear Energy has awarded nearly USD64 million to 89 projects for nuclear energy research, facility access and crosscutting technology and infrastructure development. The funds will be provided to DOE national laboratories, industry and 39 US universities in 29 states.The awards provide funding for nuclear energy-related research through three DOE n...Read More
BRUSSELS (Reuters) - The European Central Bank is considering ditching a plan to impose new rules on all euro zone banks under its watch to reduce their bad loans, and instead moving toward a “case-by-case approach”, the head of its supervisory body said on Tuesday.“We are more going to a case-by-case approach, probably, but with some safety elements,” the ECB supervisor Da...Read More
Base metals on the London Metal Exchange ended trading broadly lower on Tuesday June 19, lead by a 2.2% drop in aluminium prices while nickel and zinc's three-month prices dipped 2.1%. Pressured by a surging US dollar index, which reached a fresh 2018 high of 95.30, the base metals complex traded lower throughout the day.Aluminium's three-month price recorded the largest drop of the day, shedding...Read More
LONDON (Reuters) - Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as trade tensions between the United States and China escalated further.The yuan also hit a five-month low overnight after U.S. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods. Beijing in turn warned about $50 billion of retaliatory...Read More