* Terms of trade rise 0.8 pct in Q4* Export jump led by record prices for lamb, butter (Adds detail on record high, economist comment)By Charlotte GreenfieldWELLINGTON, March 1 (Reuters) - New Zealand's terms of trade reached a record high in the fourth quarter of 2017 as record prices for lamb and butter exports offset a jump in the price of oil, the country's main import, official data showed on...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and S&P 500 posted their first monthly losses since March 2017.The Dow recorded its first losing February since 2009.The Dow remains more than 1,500 points below its all-time high reached on Jan. 26, 2018. Wall Street Overview Stocks sunk on Wednesday, Feb. 28, as global investors parsed potentially...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.For th...Read More
Metal Bulletin has launched two assessments to track spot and annual refining charges (RC) for blister copper imported to China following a month-long consultation. Blister copper, an intermediate copper product used by smelters for refined copper production, is known as one of the first options for scrap replacement. Import volumes of the increasingly popular blister copper, together with anodes,...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop CSE New Listing - Generic Gold Corp. (GGC); @CSE_News February 28, 2018 (Investorideas.com Newswire) The common shares of Generic Gold Corp. have been approved for listing on the CSE.Listing and disclosure documents will be available at www.thecse.com on th...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Cruz Cobalt (TSXV: CUZ) (OTC Pink: BKTPF) Initiates Drill Permit Process for Idaho Cobalt Prospect Vancouver, British Columbia - February 28, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Cruz Cobalt Corp. (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) is...Read More
Via Sovereignman.comWe've all seen the headlines: the cost of university education in the United States has become completely debilitating. And student debt keeps rising to record high levels.It's almost commonplace now for a 22-year old to graduate from university with $50,000+ in student debt.According to data from the Federal Reserve, the total amount of student debt in the United States is now...Read More
The Turkish steel mills stayed back from the scrap markets on Wednesday February 28, booking no deep-sea cargoes, but they are expected to secure more transactions for April, Metal Bulletin was told.Scrap prices were also expected to increase further, amid strong demand from the country's steel producers."I hear that a number of mills are looking for material for April now. I think we will continu...Read More
(Updates prices)SAO PAULO, Feb 28 (Reuters) - Mexican equities fell sharply again on Wednesday, capping their worst month in 6-1/2 years, as a mediocre corporate results season wrapped up amid uneasy negotiations to save the North American Free Trade Agreement.Markets also continued to be spooked following a relatively hawkish speech by the newly appointed head of the Federal Reserve Jerome Powell...Read More
Via Soveriegnman.comEarlier this month, the United States government released its annual financial report for the year 2017.This is something the government does every year, similar to how large companies like Apple, or Warren Buffett's Berkshire Hathaway, publish their own annual reports.Unlike Berkshire and Apple, though, whose financial reports typically show strong, positive results, the US...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
(Adds central bank governor's comments)By Sheky EspejoMEXICO CITY, Feb 28 (Reuters) - Mexico's central bank kept its economic growth projections for this year and next unchanged in a report released on Wednesday, but flagged risks to the inflation outlook and vowed to act in an "opportune and firm" way to keep price expectations anchored.In its quarterly report, the Banco de Mexico said...Read More
* Fed chair's testimony read as striking hawkish tone* Weaker-than-expected U.S. data fails to tarnish dollar* Euro zone inflation slows, clipping euro bulls* Yen edges higher after BoJ trims super-long JGB buying (Adds comment, updates prices in text, table)By Gertrude Chavez-DreyfussNEW YORK, Feb 28 (Reuters) - The dollar rose to five-week highs on Wednesday, bolstered by an upbeat assessment of...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
Comex copper prices softened in the US morning on Wednesday February 28, with a stronger dollar and lower-than-expected Chinese data weighing on the base metals complex. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 3.10 cents or 1% to $3.1555 per lb. Earlier, the contract touched $3.1525, the lowest since February 13. Earlier this morning, China's manufa...Read More
Jordan Roy-Byrne of TheDailyGold.com shares why he thinks a drop in the gold stocks to the December 2016 low would be good for the sector.Read More
By Jordan Roy-Byrne CMT, MFTA Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has bene...Read More