Listen to this podcast on our site by clicking here or subscribe on iTunes here.We've seen volatility return, and we just rode through the first 10% correction in 2 years. This time on our weekly Big Picture segment, Financial Sense Newshour discussed where we are in the economic expansion and what we should plan for in the coming quarters.Economic Growth Still IntactThe current economic expansion...Read More
(The author is a Reuters Breakingviews columnist.The opinionsexpressed are her own.)By Jennifer SabaNEW YORK, March 2 (Reuters Breakingviews) - Spotify's tippyvaluation requires a hefty increase in its top line. Thestreaming-music firm may be worth $23 billion when it goespublic - based on the highest price at which its privately heldstock traded in the last couple of months. To justify thatmarket...Read More
SHANGHAI, Mar 2 (SMM) – Spot zinc discounts in the Shanghai market continued to widen downwards over the past week on high inventories, slower consumption recovery and tighter cash, SMM learned.Many smelters maintained normal operations during the Chinese New Year holiday last month and accumulated inventories. This gave pressure to the market and led traders to cut prices in order to offloa...Read More
SHANGHAI, Mar 2 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar index edged down slightly from a six-week high to 90.2 following the Federal Reserve chair Jerome Powell’s statement that the US economy was not overheating and President Donald Trump’s announcement of imposing global tariffs on steel and aluminium...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
The latest metal markets news and price moves to start the North American day on Friday March 2.Base metals prices on the London Metal Exchange were little changed during morning trading with the complex restricted by thin liquidity and a firmer dollar.Here's how base metals prices look at 12.19pm London time: Read our live futures report here.In other exchange news, deliverable copper stocks at S...Read More
SHANGHAI, Mar 2 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar index edged down slightly from a six-week high to 90.2 following the Federal Reserve chair Jerome Powell’s statement that the US economy was not overheating and President Donald Trump’s announcement of imposing global tariffs on steel and aluminium...Read More
SHANGHAI, Mar 2 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar index edged down slightly from a six-week high to 90.2 following the Federal Reserve chair Jerome Powell’s statement that the US economy was not overheating and President Donald Trump’s announcement of imposing global tariffs on steel and aluminium...Read More
March 2 (Reuters) - Deputy U.S. Attorney General RodRosenstein on Friday laid out the Trump administration'sapproach to fighting financial crime, saying the government willfocus more heavily on certain tax violations and that it iscracking down on securities fraud."We are using data analytics to more quickly identify,investigate and prosecute manipulation of the securitiesmarkets, and other f...Read More
SHANGHAI, Mar 2 (SMM) -Copper: LME copper fell to a low of $6,858.5/mt last night while SHFE copper closed at 52,520 yuan/mt. We expect LME copper to trade at $6,850-6,920/mt today with the SHFE 1805 contract at 52,300-52,800 yuan/mt. Spot discounts are seen widening to 210-130 yuan/mt as sellers were keen to destock.Aluminium: LME aluminium rebounded and hit a high at $2,164.5/mt as US President...Read More
Published on: Mar 2, 2018 | by finfeedMetals junior, Pacifico Minerals (ASX:PMY), today updated the market on its progress across its exploration portfolio of polymetallic projects in Colombia and Australia.PMY is focused on advancing its Borroloola West Copper/Zinc/Lead/Cobalt/Silver Project in the Northern Territory. This project covers a promising package of ground north-west of the McArthur Ri...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.Next w...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Friday March 2.Base metals traded on the Shanghai Futures Exchange remained weak during Asian morning trading on Friday, with only aluminium and copper prices showing some resilience - the former finding support from news that US President Donald Trump will enact a 10% tariff on aluminium...Read More
SHANGHAI, Mar 2 (SMM) -Copper: LME copper fell to a low of $6,858.5/mt last night while SHFE copper closed at 52,520 yuan/mt. We expect LME copper to trade at $6,850-6,920/mt today with the SHFE 1805 contract at 52,300-52,800 yuan/mt. Spot discounts are seen widening to 210-130 yuan/mt as sellers were keen to destock.Aluminium: LME aluminium rebounded and hit a high at $2,164.5/mt as US President...Read More
SHANGHAI, Mar 2 (SMM) -Copper: LME copper fell to a low of $6,858.5/mt last night while SHFE copper closed at 52,520 yuan/mt. We expect LME copper to trade at $6,850-6,920/mt today with the SHFE 1805 contract at 52,300-52,800 yuan/mt. Spot discounts are seen widening to 210-130 yuan/mt as sellers were keen to destock.Aluminium: LME aluminium rebounded and hit a high at $2,164.5/mt as US President...Read More
Published on: Mar 1, 2018 | by finfeedThis product is classified as 'very high risk' in nature due to its location and geopolitical situation of the region. Finfeed advises that extra caution should be taken when deciding whether to engage in this product, however if you are not sure whether it is suitable for you we suggest you seek independent financial advice.Tanzanian graphite developer Black...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
By Aparajita SaxenaMarch 2 (Reuters) - Wall Street analysts wasted no time inraising forecasts for exchange operators CME Group Inc and Nasdaq Inc after last month's historic stock marketvolatility, but industry watchers warned the companies maysuffer if the selloff becomes deeper and more prolonged.The stock, currency and commodity trading platform providerswho make more money the more times inve...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.The in...Read More
A popular thesis since the 1930s is that a natural progression exists from currency wars to trade wars to shooting wars. Both history and analysis support this thesis.Currency wars do not exist all the time; they arise under certain conditions and persist until there is either systemic reform or systemic collapse. The conditions that give rise to currency wars are too much debt and too little grow...Read More