The consequences of Gold Truth, such as it is but has not yet been revealed, are beyond sobering. If the Gold Truth is that USG, Inc. does not possess and own the gold it has promised the world that it owns and possesses, every last shred of monetary, fiscal, financial, economic and moral authority that USG, Inc. still possesses would be destroyed in a matter of seconds. And it is virtually imposs...Read More
Here Are 3 Hot Things to Know About Stocks Right Now After Wednesday's gains, the Nasdaq has finished higher for five straight sessions.The U.S. added 235,000 private jobs in February, according to ADP, topping economists' estimates of 195,000.The U.S. trade deficit rose 5% to $56.6 billion in January, the highest level since October 2008. Wall Street Overview Stocks fell on Wednesday, Mar...Read More
Nickel premiums in Europe crept higher on Tuesday March 7 on tight availability and declining London Metal Exchange nickel stocks, while Asian nickel premiums were stable due to the sustained negative arbitrage in China and amid slow trading activity. European nickel premiums higher due to tight availability Quiet trading activity reported in both China and other Asian regions US nick...Read More
NEW YORK (Reuters) - Bitcoin fell to a 1-1/2 week low on Wednesday after the U.S. Securities and Exchange Commission warned of “potentially unlawful” systems that trade crypto-currencies, which investors may use with an unearned sense of safety.At 1:07 p.m. (1807 GMT), the world's biggest and best-known digital currency BTC=BTSPwas last down 7.53 percent at $9,924.03 on the Luxembourg...Read More
Makini Brice, Philip BlenkinsopWASHINGTON/LUXEMBOURG (Reuters) - A defiant U.S. President Donald Trump looked set to authorize steep tariffs on imported steel and aluminium this week as he stepped up pressure on China to develop a plan to reduce its trade imbalance with the United States by $1 billion.A day after the resignation of economic adviser Gary Cohn, who along with lawmakers and the busin...Read More
CloseGain/LossGold $1325.20-$8.50Silver$16.48-$0.26XAU78.79-2.48%HUI173.41-2.50%GDM605.87-1.64%JSE Gold1138.24-1.85USD89.58-0.04Euro124.13+0.03Yen94.35+0.09Oil$61.15-$1.4510-Year2.882%-0.002T-Bond144.125-0.28125Dow24801.36-0.33%Nasdaq7396.65+0.33%S&P2726.80-0.05% The Metals: Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into the close, but it st...Read More
- Gold no longer fears or pays attention to Fed announcements regarding interest rates- Renewed interest in gold due to inflation fears and concern Fed won't do enough to control it- Higher interest rates on horizon will make debt levels unsustainable- New Fed Chair warns "the US is not on a sustainable fiscal path" and could lead to an "unsustainable" debt load- Higher interest rates are good f...Read More
Trade wars will increase as the Trump administration is considering clamping down on Chinese investments in the USA along with imposing tariffs on a broad range of Chinese imports. Gary Cohn resigning as Trump's top economic advisor will be bearish for the US dollar and bullish for gold. Key US economic data releases begin from today with February US private ADP jobs number. It remains to be s...Read More
Around 2.5 million tonnes of copper output is exposed to high disruption risks this year in Chile, the country's copper commission said at Metal Bulletin's International Copper conference in Madrid on Wednesday March 7. The figure represents 43.4% of the total forecast output for 2018 from the world's top copper producing country, Jorge Cantallopts, director of public planning and research with Co...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.Gold s...Read More
Emerald Health Therapeutics, Inc. (TSXV:EMH) and Village Farms International Inc. (TSX:VFF) intend to grow cannabis at their jointly-owned Delta 3 greenhouse operation in British ColumbiaSmallCapPower | March 7, 2018: Emerald Health Therapeutics, Inc. (TSXV:EMH) and Village Farms International Inc. (TSX:VFF) announced on Monday the issuance of cultivation license by Health Canada for their jointly...Read More
(Reuters) - The S&P 500 pared losses late on Wednesday after the White House said Canada and Mexico, and possibly other countries, may be exempted from planned U.S. import tariffs on steel and aluminum on the basis of national security.At 3:29 p.m. ET, the Dow Jones Industrial Average .DJI fell 95.98 points, or 0.39 percent, to 24,788.14, the S&P 500 .SPX lost 3.9 points, or 0.14 perce...Read More
Europe's largest copper smelter, Aurubis, is open to exploring merger and acquisition (M&A) opportunities outside of the continent while it looks to double down on processing and refining raw copper, chief executive officer J? 1/4 rgen Schachler told Metal Bulletin in an interview. "The whole world is becoming one region. Copper and its pre-products are travelling quite well so we are looking arou...Read More
Worries about a trade war halted the slide in gold last week thathad threatened to carry prices below $1,300 an ounce, says Standard Chartered.“Expectations of a steeper hiking trajectory have weighed on gold, coupled witha stronger USD [U.S. dollar], but gold also caught a safe-haven bid on the backof the uncertainty surrounding the possibility of a global trade war,” the banksays. &l...Read More
Spain's Atlantic Copper will be looking to maximize output at its Huelva smelter even as it expects the copper concentrates market to tighten further, the company's chief executive officer (CEO) Javier Targhetta told Metal Bulletin in an interview.Atlantic Copper, which is the third largest copper smelter in Europe and acts as a key outlet for copper concentrate units from mines within its owner F...Read More
An overview of the minor metals markets and the reasons for any price moves.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
West Texas crude slides to $61; greenback erases gainHassett suggests Canada, Mexico may be spared severe leviesJohn Bilton of JPMorgan Asset Management and Ian Katz of Capital Alpha Partners discuss Gary Cohn's resignation.U.S. stocks erased deep losses to end the day mixed as White House officials left open the possibility that President Donald Trump’s tariff proposals will spare neighbor...Read More
NEW YORK (Reuters) - In the three weeks since America’s deadliest high school took the lives of 17 students and teachers, companies such as Delta Air Lines Inc (DAL.N) and Dick’s Sporting Goods Inc (DKS.N) have cut ties with gun-rights groups or restricted sales of weapons.National outrage over the Feb. 14 massacre in Parkland, Florida, and protests by social media-savvy student activi...Read More
Copper demand derived from the shift to electric vehicles (EV) is expected to be constrained by availability of other key metals, including cobalt, a panelist said at Metal Bulletin's 31st International Copper Conference in Madrid on Wednesday March 7. "That demand for copper will only be required if we can find other elements. If we don't have other things, we can't even produce the electric cars...Read More