The politically correct answer is no, but the question muststill be considered. Will China flex its iron-fisted control ofthe CNY as trade tensions with the US intensify? Officials havevoiced strong dissatisfaction at newly imposed tariffs onaluminium foil , ahead of trade talks with the US . Even before the brunt of duties on exports to theUS can be felt, Chinese economic data is starting to falt...Read More

* AUD/USD edging below 61.8 of 0.75010.8136 at 0.7744 on weaker Q4 CAPEX* Headline CAPEX -0.2% vs expectations of plus 0.9%* A clear break below 0.7740 opens way for a move to 0.7500 at some stage Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; howev...Read More

* MSCI Asia-Pacific index down 0.35 pct, Nikkei sheds 0.85pct* Asia weighed after Wall St suffers worst month in 2 years* Dollar supported amid prospects of hawkish Fed By Shinichi SaoshiroTOKYO, March 1 (Reuters) - Asian stocks skidded on Thursdayafter comments from the Federal Reserve's new chief rekindledfears about the pace of U.S. monetary tightening this year,sending Wall Street tumbling for...Read More

CloseGain/LossGold $1317.60-$1.00Silver$16.39-$0.03XAU78.27-0.89%HUI171.87-0.69%GDM597.17-1.04%JSE Gold1068.95-14.91USD90.63+0.23Euro122.00-0.33Yen93.83+0.56Oil$61.64-$1.3710-Year2.862%-0.039T-Bond144.50+0.9375Dow25029.20-1.50%Nasdaq7273.01-0.78%S&P2713.83-1.11% The Metals: Gold chopped in a relatively tight range of $1322.40 to $1316.00 and ended with a loss of just 0.08%. Silver rose to...Read More

Parex Resources (PXT.TO), the Colombia-focused oil explorer and producer, has now released its updated oil reserve estimates. With a 2P replacement ratio of 488% (which means the company has added 5 times more oil to its reserves than it has produced) and a total 2P reserve basis of 162 million barrels and a 3P reserve of 241 million barrels, shareholders can definitely be happy with the results....Read More

In the third Goldnomics podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices?As the "Everything Bubble" continues to inflate, higher gold prices appear to be on the horizon. Stephen Flood, CEO of GoldCore and Mark O'Byrne, Research Director and world renowned precious metals analyst discuss the outlook for the gold...Read More

* USD/CNY fix expected range 6.3320-6.3370, close to prev 6.3294* Spot likely continues to gyrate in narrow technical range* Breakout from 6.2951-6.3394 span needed for momentum* China Caixin PMI data due, Wed official data was poor * Markets didn't simply shrug if off as Lunar New Year effect* SSEC tumbled 1.0% Wed, partly due to Wall St selloff<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

A second shipment of alumina produced at Alumina Partners of Jamaica (Alpart) has recently been loaded from Jamaica's Port Kaiser, according to Sun Jing, a senior engineer and manager at China's Jiuquan Iron & Steel (Group) Co (Jisco).The global financial crisis of 2008-09 and soaring energy costs had forced the closure of the plant in May 2009, but Jisco reopened it in June last year. An initial...Read More

* EUR/JPY down hard yesterday, EUR sales and JPY buys, tech support broken.* Cross toyed with ascending 200-DMA since Friday, decisive break yesterday.* From 131.50 to 130.05, 200-DMA up at 131.27 today, resistance.* 130.00 pierced early, 130.10 to 129.92, any option KOs at 130.00 history.* Fibo retracements again in sight, 38.2% of 114.86-137.51 at 128.85.* Option expiries today to upside - 131.0...Read More

The Saramacca Project, located 25 km southwest of its Rosebel Gold Mine in Suriname, South America. Source: IAMGOLD Inc.IAMGOLD Corp. [IMG-TSX, IAG-NYSE] on Wednesday February 28 released an update form its Phase 11, 2017 drilling program at the Saramacca Project, located 25 km southwest of its Rosebel Gold Mine in Suriname, South America.The announcement comes six months after the company reporte...Read More

Agreement strengthens Aurora Cannabis Inc. (TSX:ACB) domestic distribution and complements its strong international networkSmallCapPower | February 28, 2018: Aurora Cannabis Inc. (TSX:ACB) announced on Tuesday that it has inked a supply deal with Shoppers Drug Mart, Canada's largest pharmacy chain with over 1,300 retail stores nationwide. As per the agreement, Aurora Cannabis will supply Shoppers...Read More

The Jamalco alumina refinery at Clarendon in Jamaica will end its reliance on oil within the next two or three years when it converts to using natural gas, its managing director has said.A new heat and power facility, developed through a joint agreement with New Fortress Energy, will produce 100 MW of energy, of which 94 MW will be exported to the country's grid, Austin Mooney said."The natural ga...Read More

* USD/MYR to continue to exert pressure on 3.9285, 76.4% of 3.9420-3.8850move* Break to yield test of 3.9420 Feb high as solid base forms at3.8850-3.8900* Underpinned by 2-year yield which reach highest since Sept 2008 * AXJ bloc could be affected if China Caixin mfg PMI disappoints today* China official PMIs Wed herald sharp slowdown before NPC * MY Jan CPI +2.7% y/y, slowest in over a year, BNM...Read More

Treasuries climb, oil plunges after strong inventories reportEuropean shares fall on China output data, dollar gainsBofAML's Michelle Meyer says Fed Chair Powell hinted he may be comfortable with faster rate hikes.U.S. stocks tumbled in afternoon trading, adding to the worst month for equities in two years, while Treasuries climbed with the dollar.The S&P 500 Index dropped more than 1 percent,...Read More

GIA certified 0.14 carat fancy vivid orangey yellow round brilliant diamond from the Q1-4 kimberlite at North Arrow's Naujaat Diamond Project, Nunavut. Source: North Arrow Minerals Inc.North Arrow Minerals Inc. [NAR-TSXV; NHAWF-OTC] on Wednesday February 28 reported final diamond recoveries from a 309.8-tonne mini bulk sample collected in July 2017 from the diamondiferous Q1-4 kimberlite at th100%...Read More

The environment secretariat in Brazil's northern state of Par?? has ordered Hydro to cut by 50% the production of calcine alumina at its Alunorte refinery, the Norwegian aluminium producer said on Wednesday February 28. The reduction must be completed by March 1, the secretariat determined. A failure to meet the deadline will mean a daily fine of nearly 500,000 Brazilian Reais ($154,664). While it...Read More

* USD/SGD stalemate may resolve higher on close above 1.3260* Risk aversion from o/n stock losses sets firm tone for USD/AXJ* Bollinger uptrend channel may lead to break of Ichimoku Cloud top* Surpassing the Cloud would also take out 1.3300 psych barrier* China Caixin PMI due later could be next market catalyst* US-China trade talks kick off today, tariffs in focus <^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

Don Taylor, Chief Operating Officer at Arizona Mining will win the PDAC 2018 Thayer Lindsley Award. Source: Arizona Mining Inc.Don Taylor, Chief Operating Officer at Arizona Mining Inc. [AZ-TSX] won the 2018 Thayer Lindsley Award for the discovery of the Taylor lead-zinc-silver deposit in Arizona. In early 2017, the company released a preliminary economic assessment (PEA), confirming that Taylor i...Read More

* Combo of risk-off sentiment and JPY short overhang to weigh on USD/JPY.* Higher Fed dot plots, more than expected hikes giving market risk-off air.* From 107.68 post-Powell spike high, USD/JPY down to 106.57 yesterday.* Asia so far 106.59-71, Japan exporter/spec sell-rally strategies in again.* Option expiries mostly to upside - 107.47-50 1.16 bln, 107.60-75 705 mln.* Mega expirations next week...Read More

Vale is reevaluating its plans for its Vale New Caledonia nickel project due to its improved results and the positive impact of higher cobalt prices, chief executive officer Fabio Schvartsman said on Wednesday February 28."We are waiting to see where things are going to move forward to in order to make a decision in the VNC situation," he told analysts during a conference call. "It is clear that t...Read More