Silver didn't get the push it needed to outpace the rise in gold last year, as some analysts had expected, but good things come to those who wait. "Many of silver's key drivers that painted a bullish picture last year are still in play for 2018, particularly rising inflationary pressures and a weaker U.S. dollar," says Maxwell Gold, director of investment strategy at ETF Securities. Even so, silve...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
Jack ChanPosted Mar 06, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on sell signal.***CEF – on sell signal.***GDXJ – on sell signal.***Speculation is in bull market values.Data is supportive for overall higher prices.This is a massive bottoming pattern four years in the making.SummaryLong term – on major buy signal....Read More
The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand. Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium...Read More
NEW YORK (Reuters) - The U.S. dollar dropped to a two-week low on Tuesday as traders bet on riskier currencies on news North and South Korea would hold their first summit in more than a decade and after the South said the North was willing to discuss denuclearization with the United States.North and South Korea, still technically at war since 1953 but with tensions having eased since the Winter Ol...Read More
CloseGain/LossGold $1333.70+$14.10Silver$16.74+$0.31XAU80.80+2.15%HUI177.86+2.01%GDM615.99+2.08%JSE Gold1140.09+31.92USD89.62-0.38Euro124.10+0.74Yen94.26+0.01Oil$62.60+$0.0310-Year2.884%UNCHT-Bond144.1875+0.0625Dow24884.12+0.04%Nasdaq7372.01+0.56%S&P2728.12+0.26% The Metals: Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lower into the close,...Read More
KAMNIK, Slovenia (Reuters) - A former comedian tipped to become Slovenia’s next prime minister said on Tuesday he would slash red tape to boost investment and shake up the electoral and judicial systems if his party wins June’s national election.Marjan Sarec, 40, a newcomer to national politics, stunned Slovenians last November when he won 47 percent of the vote in a presidential run-o...Read More
The changing dynamics of bauxite and alumina markets have demanded an evolution in the means of pricing them. The alumina market - and the way it is priced - has transitioned over the past 10 years. Fixed-price, long-term contracts, agreed as a percentage of the aluminium price on the London Metal Exchange, have instead transformed into contracts tied to third-party reference prices or indices, in...Read More
- RaboDirect Ireland to close online savings accounts in Irish market on May 16- RaboDirect holds over EUR3 billion in deposits from its 90,000 Irish customers- Irish savers now exposed to still indebted Irish banks and bail-ins- Marian Finucane heard recently that buying gold is for "ordinary people" and not just for "rich and posh people"- By owning gold "if banks go belly up again you woul...Read More
WASHINGTON (Reuters) - President Donald Trump on Tuesday declined to say whether he had any preconditions for talks with North Korea and said there had been progress with the country.“We have come certainly a long way, at least rhetorically, with North Korea,” he told reporters in the Oval Office.“The statements coming out of South Korea and North Korea have been very positive. T...Read More
Ganzhou Tungsten Association (GTA) has raised its tungsten price forecasts for March in line with the price recovery in the spot market after the Chinese New Year break and due to strong expectations for tighter supply in tungsten concentrates in March. The China-based association forecast average prices for black tungsten concentrate 65% and ammonium paratungstate (APT) in March at 113,000 yuan (...Read More
WASHINGTON (Reuters) - U.S. House Democrats want answers from Environmental Protection Agency chief Scott Pruitt about political appointees in his agency who got special permission to moonlight for outside clients, which they said may compromise their impartiality.Top Democrats on the House Energy and Commerce Committee and its oversight subcommittee said they sent questions to Pruitt on Monday af...Read More
ML Gold Corp. (TSXV:MLG) plans an aggressive second phase of drilling to expand from Hole 4 and test the newly-identified "central" target areaSmallCapPower | March 6, 2018: ML Gold Corp. (TSXV:MLG) late Wednesday announced that it has made a copper discovery on its recently-acquired Stars project located in central British Columbia (BC) within the province's prolific porphyry belt. Key highlights...Read More
BRUSSELS (Reuters) - The European Union will call on financial leaders of the world’s 20 biggest economies this month to keep the global economy open, after U.S. plans for tariffs on imports of steel and aluminum created a global outcry.Unlike the punitive tariffs the United States frequently imposes on “dumped” or unfairly subsidized goods from specified countries, President Don...Read More
Europe proposes retaliatory tariffs on U.S.; euro advancesNorth Korea open to denuclearization; Treasuries flatAnne Lester Says JPMorgan Is 'Staying the Course' With Market StrategiesU.S. stocks rose for a third day as signs mounted that President Donald Trump may still be assessing the most severe protectionist policies. The dollar declined against peers.The S&P 500 advanced as comments by th...Read More
The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand. Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium...Read More
(Reuters) - A U.S. government national security panel said it identified potential risks that warrant a full investigation of Singapore-based Broadcom Ltd’s (AVGO.O) $117 billion bid for chipmaker Qualcomm Inc (QCOM.O), a senior U.S. Treasury official said in a letter to the companies on Monday.Shares of Qualcomm dipped 3.3 percent on growing investor concern that such government scrutiny, u...Read More
Cobalt prices rose closer to $40 per lb on Friday March 2 when suppliers raised their offers again, confident that buyers will soon have to book at higher levels on bullish expectations for electric vehicle batteries and good demand from the super-alloys sector.Metal Bulletin's benchmark low-grade cobalt price climbed to $38.80-39.85 per lb from $38.75-39.70 per lb on Wednesday February 28, while...Read More
One of the potential outcomes of a tradewar is that other nations start dumping U.S. Treasury securities, which couldboost gold demand, says Goldman Sachs. Analysts put out a detailed researchreport outlining how U.S. President Donald Trump’s proposed tariffs on aluminumand steel could impact those metals as well as the industries that rely onthem, both producers and consumers. Yet another i...Read More