Now for the fifth trading day in a row, we have seen gold trade and close lower on the day. It began with Friday's dramatic plunge when gold opened at $1,305 and closed $26 lower at $1,279. From that point forward, each day gold closed below the prior low creating a new all-time low for 2018.This trend has continued for the last five consecutive trading days and, based upon the fundamentals behind...Read More

Jun 20, 2018 Guest(s): Jim Rogers Editor's Note: This week we are kicking off summer 2018 by re-running some of our most popular hit videos. Stay tuned for coverage on everything from cryptos to the death of liberal democracy, all from your favorite guests.Legendary investor Jim Rogers said enjoy the market rally while it lasts, issuing a dire warning that "the worst correction of his lifetime,...Read More

The Leading Economic Index rose 0.2 percent in May. The index was expected to rise 0.4 percent. This would be the seventh straight month of gains for the index, which combines 10 economic metrics to check on the U.S. economy. Gillian Brassil| @Gillian_Brassil Published 11 Hours AgoUpdated10 Hours AgoCNBC.com Jin Lee | Bloomberg | Getty ImagesA customer browses women's jewelry at the Macy&...Read More

(Kitco News) - Federal Reserve’s rate hikes are not “be-all and end-all” for gold prices, said RBC Capital Markets, projecting to see gold significantly climb next year as investors start to take market uncertainties seriously.Conventional assumption that rising rates are negative for gold does hold, but Fed’s rate increases are just an obstacle, not the main driver for the...Read More

(Kitco News) - Gold prices are down and hit another six-month low in early-afternoon U.S. tradingThursday. However, prices have moved up from their daily lows. An appreciatingU.S. dollar on the foreign exchange market continues to squelch buying interestin the precious metals. However, the gold market is now short-term oversold anddue for a least a decent corrective upside bounce very soon, and pe...Read More

(Kitco News) - Financialmarkets are about to reach an inflection point reminiscent of 2007, said DavidRosenberg, chief economist and strategist at Gluskin Sheff & AssociatesInc.Atthe Inside ETFs Canada conference in Montreal, Rosenberg said that equitiesmarkets have peaked following a year of rallying across all asset classes.“Thishas not happened in at least five decades,” Rosenbe...Read More

David Brunnstrom, James OliphantWASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday that North Korea was blowing up four of its big test sites and that a process of “total denuclearization ... has already started taking place” without providing any details.Speaking at a meeting of his Cabinet at the White House, Trump said: “They’ve stopped the sending of mi...Read More

(Kitco News) - Legendary investor Jim Rogers, who is bullish on commodities, launched an AI-based exchange traded fund (ETF) in the global macro space on Thursday that combines his own knowledge with artificial intelligence.The Rogers AI Global Macro ETF (NYSE Arca: BIKR) was the creation of a collaborative effort between Ocean Capital Advisors LLC and the ETF Managers Group (ETFMG).What’s u...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average  traded lower Thursday marking its eighth straight daily decline, the longest losing streak since March 2017.Intel Corp. (INTC)  declined 2% as CEO Brian Krzanich resigned after it was revealed he had a past consensual relationship with an employee at the chipmaker.Micron Technology In...Read More

Since lastSunday afternoon, while investors continue to sell most of their juniorresource stock holdings in panic fashion, there have been three high-profilemerger/acquisitions announced in the complex. What is most encouraging is thefact that two of these deals were large premium, all-cash offers for juniorswho have been developing high-margin deposits.On June 17th,BHP spin-off South 32 entered i...Read More

The UK's Office for Nuclear Regulation (ONR) has published its annual report highlighting the extent of its regulatory activities. These included more than 1000 inspections, design acceptance confirmation for a new reactor, ongoing modernisation of its regulations, and its participation in the first European topical peer review on ageing management of nuclear power plants.The more than 1000 inspec...Read More

Gold remains under pressure. Itseems that there are no buyers, no bottom pickers and no interest. Like allmarkets, this move in gold was not announced. However, as we have written thelast few days, the market footprint has gold in trouble and a move down to$1,240 is very realistic.Of course, the conspiracytheorists are out and talking about gold manipulation by the Russians, Chineseand the banks....Read More

The stock market has been rattled by the threat of a global trade war between two of the world largest economies, creating an environment that ought to draw bidders for gold, underlining its appeal as a haven asset in times of market uncertainty. However, that hasn't happened, puzzling a number of traders, who have watched gold futures tumble to a 2018 low, even as hand-wringing over mounting geop...Read More

Central banks in emerging-market nations are likely to keep addinggold to their reserves, says BMO Capital Markets. Analysts offered this viewafter citing a Bloomberg news reportthat the Bank of Russia added another 1% to its gold holdings in May, takingits total to 62 million troy ounces. “This continues the trend over the pastfew years where Russia is selling U.S. Treasuries and allocating...Read More

Newmont Mining Corp. (NYSE: NEM) reports that Japan’s Sumitomo Corp. hasobtained a 5% stake to become a partner in Minera Yanacocha SRL. As a result, Newmont andBuenaventura’s ownership interests in Yanacocha will be 51.35% and 43.65%,respectively. Sumitomo paid $48million for the ownership interest. The transaction is structuredas a new share issuance to Sumitomo,w...Read More

Zinc prices on the London Metal Exchange fell more than 2% by the close of trading on Thursday June 21, while sister-metal lead struggled to find support amid intensified trade war uncertainties between China and the United States. Falling further from the $3,000 per tonne support level, zinc's three-month price reached a daily low of $2,912 per tonne during the afternoon."Zinc is under significan...Read More

NEW YORK (Reuters) - A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, forbidding the agency from suing a company that advances money to people awaiting settlement payouts.The decision by U.S. District Judge Loretta Preska is at odds with a February ruling by the federal appeals court in Washington that upheld the...Read More

BRUSSELS (Reuters) - President Donald Trump’s tough stance on Iran, new tariffs on European Union metal imports and U.S. demands for higher defense spending in Europe are part of a strategy to strengthen the West, a senior U.S. official said on Thursday.Wess Mitchell, U.S. Assistant Secretary of State for European and Eurasian Affairs, said that without such actions, U.S. and European diplom...Read More

Finnish stainless steelmaker Outokumpu's alloy steel surcharges for July deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the sixth consecutive month, the company's website announced on Thursday June 21.The company's July alloy surcharge for 2mm grade-304 CR stainless steel sheet is ?,?1,647 ($1,907) per tonne, a sharp increase from its June surcharge of ?,?1,527 per t...Read More

(Reuters) - The Trump administration’s recent tax overhaul will lead to a short-term boost in economic growth but it is uncertain if that will be sustainable, Minneapolis Fed President Neel Kashkari said on Thursday.“We know if you cut taxes on the margin that should boost economic growth in the short term,” Kashkari said at an event in Minneapolis, Minnesota. “The question...Read More