Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average  rose Friday for the first time in nine trading sessions.The blue-chip index's 8-day losing streak is the longest since March 2017. Oil prices rose sharply after OPEC reached a deal to boost oil output. Wall Street Overview Stocks ended mostly higher on Friday, with the Dow Jones...Read More

(Kitco News) - Gold investors should eye an evenlower target from current levels, as there is currently no need for a flight tosafety, said Todd“Bubba” Horwitz of bubbatrading.com.“I think soon there will be goodnews, but I think we’ve broken down and violated a lot of key levels, and Ithink really, the next real level that I’m going to want to step in, unless werally...Read More

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

(Kitco News) - Gold prices are trading with slight gains in late-morning actionFriday. The yellow metal is supported by a strong rally in crude oil prices,with Nymex futures up around $2.00 a barrel, after the OPEC cartel agreed toraise is collective oil production by only 1 million barrels per day. The U.S. dollar index is trading lower on the day, which is another "outsidemarket" eleme...Read More

Base metals on the London Metal Exchange ended mostly higher on Friday June 22, mounting a sustained fightback against the week-long dollar rally that fueled downward momentum across the complex.Nickel's three-month price finished above $15,000 per tonne and up 5% on its weekly low of $14,580 per tonne on June 19.With price rises supported by a downtrend in LME inventories - they are at their lowe...Read More

NEW YORK (Reuters) - Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan’s financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.The original virtual currency fell as low as $6,085.59 ( ?4,589) BTC=BTSP on Bitstamp, the lowest since early February and no...Read More

(Reuters) - In the years before he became president of the United States, Donald Trump owned luxury German cars. Now, pricey European convertibles are among the vehicles that could become rare on American roads if Trump’s proposal to slap tariffs on imported cars takes effect.On Friday, Trump threatened to impose a 20 percent import tariff on all European Union-assembled vehicles, a move tha...Read More

(Kitco News) - The gold market saw a small uptick after the release of preliminary manufacturing and service-sector sentiment data. The flash U.S. manufacturing Purchasing Managers Index for June expanded at a slower pace, coming in at 54.6 in comparison to May’s 56.4, research firm IHS Markit said in its latest report. The monthly figure came in short of market projections, which called for...Read More

Chinese customs has suspended the publication of trade data for some key metal products including refined zinc, lead, nickel and copper raw materials such as scrap and concentrates, sources said. Chinese research analysts, whose work depends upon trade data from the world's top metal producing and consuming country, told Metal Bulletin they have been only granted very limited access to trade data...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

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

Bob Moriarty ArchivesJun 22, 2018On June 17th, 2018 an Australian company named South32 (ASX:S32) agreed to buy the remaining 83% of shares in Arizona Mining (AZ-V) in a deal that values all of Arizona Mining at $2.1 billion Canadian pesos. The fully funded price is an all cash offer.When they read about the proposed takeover, the management of ZincX all smiled. Now they know what an all cash offe...Read More

European import prices for austenitic alloy steel scrap narrowed slightly higher this week, with sources noting limited supply, however, the market is largely stable, with participants awaiting the third-quarter ferro-chrome benchmark settlement.Expectations for the ferro-chrome benchmark - a significant driver of steel scrap prices - had previously been for a substantial decrease amid weak spot p...Read More

WASHINGTON (Reuters) - The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration’s proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.The American Petroleum Institute (API) launched its “Explore Offshore” campaign earlier this month...Read More

WASHINGTON (Reuters) - President Donald Trump urged Republican lawmakers on Friday to drop their efforts to pass comprehensive immigration legislation until after the November elections, sending mixed signals to his party amid an ongoing crisis over his border policies.Trump, faced with a public outcry over his policy that separated children from their migrant parents at the U.S. border with Mexic...Read More

NEW YORK (Reuters) - The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump’s tax policy and tariffs, developers said this week.The Trump tax overhaul trimmed production and investment tax credits, and the administration also slapped a 30 percent tariff on imported solar panels. The moves, aim...Read More

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

Chinese customs has suspended the publication of trade data for some key metal products including refined zinc, lead, nickel and copper raw materials such as scrap and concentrates, sources said. Chinese research analysts, whose work depends upon trade data from the world's top metal producing and consuming country, told Metal Bulletin they have been only granted very limited access to trade data...Read More

Adam HamiltonArchivesJun 22, 2018 The gold miners' stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain exceedingly cheap relative to the metal which drives their profits, and they continue to establish a strong t...Read More

LONDON (Reuters) - European and U.S. autos shares fell sharply on Friday after U.S. President Donald Trump threatened a 20 percent tariff on all car imports from the European Union if EU “tariffs and trade barriers” are not removed.Europe’s autos stocks sold off rapidly, down as much as 1.3 percent, and Germany’s DAX index fell into negative territory, down 0.2 percent as b...Read More