Mr. Chris Taylor reportsGREAT BEAR DRILLS NEW HIGH-GRADE GOLD DISCOVERY ON A 1.6 KILOMETRE STEP-OUT HOLE, AND ADDITIONAL NEAR SURFACE INTERVAL OF 40.30 METRES OF 1.73 G/T GOLD IN MAIN DRILL AREA AT DIXIE PROJECT, RED LAKE DISTRICTGreat Bear Resources Ltd. has provided gold results for a further 10 drill holes from its continuing 2018 drilling.A fully financed drill program consisting of 40 to 50 a...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average   closed sharply lower on confusion over Trump administration policy towards Chinese investments in U.S. tech.Among FAANG stocks, Apple Inc. (AAPL) rose 0.3% and Alphabet Inc. (GOOGL)  declined 0.6%.Conagra Brands Inc. (CAG)  will acquire Pinnacle Foods Inc. (PF)  in a cash-and-st...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

A bearish chart pattern has materialized in gold trading, indicating that the embattled precious metal is likely to extend a recent downtrend that has dragged it to its lowest level in 2018, even as signs of global uncertainty have intensified. On Tuesday, August gold GCQ8, -0.12% was trading $10.60, or 0.8%, lower at $1,258.20 an ounce, trading near the lowest levels of 2018. It shaved off 0.6%...Read More

Base metals on the London Metal Exchange ended mostly higher at the close of trading on Wednesday June 27, with nickel and zinc prices making a slight recovery from recent lulls while copper and tin prices continue to drift. Falling 0.3% over the afternoon, copper's three-month price closed at a three-month low, ending below $6,700 per tonne for the first time since March 28. The red metal ha...Read More

(Reuters) - Rating agency Moody’s Investor Service said on Wednesday a strengthening US dollar since mid-April has increased the credit risk of several emerging markets due to currency depreciation.A Moody’s report said a strong dollar would also lead to a drop in foreign exchange reserves of countries such as Argentina, Ghana, Mongolia, Pakistan, Sri Lanka, Turkey, and Zambia.Chile, C...Read More

NEW YORK (Reuters) - Democrats searched for meaning on Wednesday in the shocking upset of U.S. Representative Joseph Crowley, a member of the Democratic House leadership, by a 28-year-old liberal organizer in a New York primary ahead of November’s midterm elections.Crowley, a 10-term incumbent, was ousted by former Bernie Sanders organizer Alexandria Ocasio-Cortez in a safely Democratic dist...Read More

A lingering LME backwardation added further downward pressure to Shanghai and Taiwan zinc premiums in the latest pricing session on Tuesday June 26. Backwardation in LME zinc's cash/three-month spread widened to $47.25 per tonne on Wednesday.  US rates were unchanged, but the logistics and freight market were characterized as nightmarish.  Lead demand remains strong in Asia, particularl...Read More

VICTORIA, British Columbia (Reuters) - The effects of U.S. steel and aluminum tariffs and tighter mortgage rules will “figure prominently” in the Bank of Canada’s July decision on interest rates, Governor Stephen Poloz said on Wednesday.In a speech promising increased transparency from the central bank in an age of economic uncertainty, Poloz said there was “a litany of thi...Read More

Comex copper prices were once again facing a bout of selling with a stronger dollar and the persistent threat of additional tariffs weighing on the red metal. Copper for September settlement on the Comex division of the New York Mercantile Exchange dipped 1.50 cents or 0.5% to $2.9770 per lb. The With trade tensions mounting, commodities continue to face pressure from macroeconomic instability, ty...Read More

(Reuters) - The effects of U.S. steel and aluminum tariffs and tighter mortgage rules will “figure prominently” in the Bank of Canada’s July decision on interest rates, Governor Stephen Poloz said on Wednesday.In a speech promising increased transparency from the central bank in an age of economic uncertainty, Poloz said there is “a litany of things we simply do not know&rd...Read More

WASHINGTON (Reuters) - New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter.Other reports on Wednesday showed a sharp narrowing in the goods trade deficit last month, the latest indication that the economy was accelerating this quarter after...Read More

(Reuters) - A mini rally in U.S. stocks, sparked by a U.S. move to ease its stance on curbing Chinese investments in American technologies, ran out of steam in afternoon trading on Wednesday, but a jump in oil prices helped prop markets.President Donald Trump said he will use a strengthened national security review panel - the Committee on Foreign Investment in the United States (CFIUS) - to deal...Read More

Chris VermeulenPosted Jun 27, 2018The US Equities markets rotated over 1.35% lower on Monday, June 25, after a very eventful weekend full of news and global political concerns.Much of this fear results from unknowns resulting from Europe, Asia, China, Mexico and the US.Currently, there are so many “contagion factors” at play, we don't know how all of it will eventually play out in the...Read More

The recent rally in silico-manganese futures prices on China's Zhengzhou Commodities Exchange (ZCE) can largely be attributed to an impending shortage of the alloy in the country, market participants told Metal Bulletin.Silico-manganese futures prices on the ZCE have undergone a steep rally recently, with the exchange's most-traded July silico-manganese contract reaching of 8,126 yuan ($1,251) per...Read More

NEW YORK (Reuters) - The rise of a key U.S. overnight interest rate has raised speculation that higher bank borrowing costs will force the Federal Reserve to stop shrinking its balance sheet sooner than planned.The federal funds interest rate, or what banks charge each other to borrow excess reserves overnight, crept up last week after the U.S. central bank lowered what it pays banks on excess res...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose author...Read More

WASHINGTON (Reuters) - The best way for the U.S. Federal Reserve to prolong the nation’s economic expansion is to pursue a monetary policy path where the economy does not run above capacity, Boston Fed President Eric Rosengren said on Wednesday.Rosengren, who has said the U.S. central bank would probably need to raise interest rates a total of at least four times this year, also repeated his...Read More

(Kitco News) - Gold prices dropped after newly released data showed that orders for long-lasting U.S. factory goods fell for the second month in a row in May.Orders for durable goods were down 0.6% last month after falling upwardly revised 1% in April, the Commerce Department said on Wednesday. Market consensus called for durables to decline 0.9%.Gold was down immediately after the release, with A...Read More

South African manganese miner Tshipi has been exceeding its production targets and ensuring it has adequate stockpiles to take advantage of high manganese ore prices.Metal Bulletin's 37% manganese ore index, fob Port Elizabeth stood at $5.74 per dry metric tonne unit (dmtu) on Friday June 22, up 42.4% from $4.03 per dmtu a year ago. Tshipi is targeting manganese ore production of 3.3 million tonne...Read More