(Kitco News) - Gold pricesaremoderately lower and hit another six-month low in early-afternoon U.S. tradingWednesday. Silver prices are slightly lower and hit a four-week low. Thenear-term technical postures for both metals have deteriorated the past week,which is inviting the chart-based sellers into the futures markets. August Comex gold futures were last down $4.00 an ounce at $1,274.60. July C...Read More

(Kitco News) - While the lackluster gold price in an environment of growinguncertainty weighs on sentiment in the mining space, one junior CEO said thatthere is a more significant issue the sector faces in a global trade war.In a recent telephone interview with Kitco News, ThomasSmeenk, CEO of Broadway Gold Mining (TSX.V: BRD) said that there is someanxiety that financing for junior miners could d...Read More

BloombergFed Chairman Jerome Powell and European Central Bank President Mario Draghi talk during the spring meeting of the International Monetary Fund. The heads of several major central banks on Wednesday expressed alarm over the growing trade tensions in the world, warning it may push the global economy into the ditch. The European Union said earlier Wednesday it will implement tariffs on $3.2 b...Read More

(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More

Mr. Marc Prefontaine reportsORLA INTERSECTS 147.7 METRES GRADING 1.25 % COPPER AND 0.28 G/T GOLD IN CABALLITO COPPER-GOLD ZONE AT THE CERRO QUEMA PROJECT, PANAMADrilling in the Caballito copper-gold zone at Orla Mining Ltd.'s wholly owned Cerro Quema project in Panama continues to intersect near-surface mineralization with greater than 1 per cent copper and associated gold values.Diamond drill hol...Read More

(Kitco News) - Silver will eventually outperform gold but headwinds remain for now, said theconsultancy Metals Focus.Wheneversilver gains the upper hand, the gold/silver ratio would decline. This measureshow many ounces of silver it takes to buy an ounce of gold.Analystspointed out that last week, the gold/silver ratio fell to 75, the lowest sincelate November, after having been as high as 82 in e...Read More

(Kitco News) - Gold prices were continuing to trade lower on the day after U.S. consumers bought less pre-existing homes in May, according to the latest report from the National Association of Realtors (NAR).Existing home sales edged down 0.4% last month to a seasonally adjusted and annualized rate of 5.43 million units, compared to April’s annualized rate of 5.45 million homes, the associat...Read More

Mr. Michael Allen reportsNORTHERN EMPIRE ACQUIRES 100%-INTEREST IN HISTORIC GOLDSPAR MINENorthern Empire Resources Corp. has entered into a lease purchase agreement to acquire 100-per-cent interest in the Mary-Goldspar property from a Nevada-based private company. The property is an inlier to Northern Empire's claims in the Bare Mountains district, Nye county, Nevada.Michael G. Allen, president an...Read More

(Kitco News)- Gold has settled down overnight with indications of freshbuying out of Asia. The primary short-termheadwind for gold remains the strength of the dollar, which continues tobenefit from inflows against the widening yields in favor of the U.S. From a technical level, support appears around the$1,272 area, with the next level at $1,267. Should we lose the secondary line,the short-term ta...Read More

Dr. John-Mark Staude reportsRIVERSIDE COLLECTS CHIP & GRAB SAMPLES UP TO 19.9 G/T GOLD & 200 G/T SILVER AT THE 100%-OWNED LA SILLA PROJECT IN MEXICO Riverside Resources Inc. has released results from exploration work on its 100-per-cent-owned La Silla gold project located 75 kilometres northeast of Mazatlan in Sinaloa, Mexico. Riverside geologists collected 52 chip, channel and grab samp...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

Foratom, the European nuclear trade body, has called on the European Commission and other EU institutions to recognise and reward the long-term operation (LTO) of nuclear power reactors in their role to help Europe meet its climate targets.There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communicatio...Read More

GE Power's Steam Power and EDF Energy have reached a key project milestone with the start of manufacturing of the first rotor of the Arabelle steam turbine at GE's Belfort, France, centre of excellence for the Hinkley Point C project in England. The contract, awarded in May 2016, is on track to have its first 1770 MWe EPR reactor unit completed by 2025, GE said today.An Arabelle steam turbine roto...Read More

(Reuters) - The Nasdaq touched a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade spat simmered.Twenty-First Century Fox Inc climbed 7.8 percent after Walt Disney Co, up 0.7 percent, sweetened its offer for some of the company’s assets to $71.3 billion...Read More

Zinc prices on the London Metal Exchange settled at their lowest in nine months at the close of trading on Wednesday June 20, while copper prices continued to edge lower on a surging US dollar index. Closing below $3,000 per tonne for the first time since August 2017, zinc prices fell to a low of $2,981 per tonne over the afternoon, shedding more than 6% of its three-month price week on week. ...Read More

Over-eager zinc bears have contributed to a ballooning backwardation in London Metal Exchange price spreads, having bet prices would drop further and sooner than fundamentals have allowed. The LME cash/three-month zinc price spread swung into a $43 per tonne backwardation on Monday June 18, from $30 per tonne backwardation on June 12 and a $3 per tonne contango at the end of May. The spreads have...Read More

NEW YORK (Reuters) - U.S. crude futures rose nearly 2 percent on Wednesday, supported by a drop in domestic inventories, while Brent edged down ahead of an OPEC meeting later this week that may result in increased global production.U.S. crude inventories USOILC=ECI fell 5.9 million barrels last week, the largest one-week decline since January, the Energy Information Administration said on Wednesda...Read More

NEW YORK (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent selloff on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate increases.Fed Chairman Jerome Powell said the pace should stay the same given that the labor market does...Read More

Anyone who can't see a dangerous bubble should not be managing, analyzing or trading stocks. Even Hellen Keller could figure out what is going here: It's not easy shorting the market right now - for now - but there have been plenty of short-term opportunities to "scalp" stocks using short term puts. I cover both short term trading ideas and long term positioning ideas. You can learn more abou...Read More

Tin premiums were stable across global markets amid quiet trading conditions, while high outflows from Indonesia continue to keep market sentiment bearish.High inflows from Indonesia continue to keep market sentiment bearish, while sufficient supply and a weakening euro are keeping premiums flat across the board. Europe keeps steady amid quiet trading SHFE tin stocks rally 8% week on week US premi...Read More