Mr. Vincent Metcalfe reportsOSISKO ACQUIRES GOLD ROYALTY ON VICTORIA GOLD'S FULLY-FINANCED, SHOVEL-READY EAGLE GOLD PROJECT IN CANADAOsisko Gold Royalties Ltd. has signed a term sheet with Victoria Gold Corp. to acquire a 5-per-cent net smelter return (NSR) royalty for $98-million on the Dublin Gulch property which hosts the Eagle gold project located in Yukon, Canada.Eagle is a shovel-ready gold...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
WASHINGTON/SANTIAGO (Reuters) - President Donald Trump was set to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Trump has offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade,” a gesture aimed at putt...Read More
India is planning a tenfold increase in uranium production over the next 15 years, Minister of State Jitendra Singh told the country's parliament yesterday. State company Uranium Corporation of India Ltd (UCIL) has outlined expansion plans to meet the Department of Atomic Energy's (DAE) vision of achieving self-sufficiency in uranium production.In answer to questions in the Lok Sabha, Singh said U...Read More
Getty ImagesPresident Trump is taking aim at cheap Chinese steel as part of a broad effort to reduce large U.S. trade deficits, but he's not finding much support for his proposed steel tariffs. The numbers: The U.S. trade deficit climbed 5% in January and hit a nearly 10-year high, continuing a steady rise since President Trump took over that could exacerbate already tense disputes between the a...Read More
Aluminium's three-month price recovered above $2,100 per tonne at the 5pm close on Thursday March 8, with all eyes on the United States' expected tariff announcement. President Donald Trump is expected to announce the official Section 232 import tariffs after 8pm London time, which held the aluminium three-month price steady throughout the day. It closed $8 higher at $2,106 per tonne. Tin was the...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
WASHINGTON (Reuters) - A South Korean delegation on Thursday hand-delivered a letter from North Korean leader Kim Jong Un to the White House for U.S. President Donald Trump, CNN reported, citing an unnamed foreign diplomatic source.Reuters could not independently confirm the report.South Korea’s national security adviser, Chung Eui-yong, will make an announcement on North Korea in the White...Read More
Economic freedom, the ability of individuals to make their own economic decisions, is key to economic and social progress. Hundreds of academic studies have shown that economic freedom leads to higher rates of economic growth, higher levels of income, increased trust and honesty in government, protection of civil liberties, reductions in poverty, and improvements in health and educational outcomes...Read More
The United States is expected to announce the official Section 232 import tariffs in the next five hours - keep up to date with all the 232-related news.To see...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
Comex copper prices softened to the lowest point since mid-February on Thursday March 8 amid ongoing uncertainty relating to US steel and aluminium tariffs. Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 5.20 cents or 1.7% to $3.0820 per lb. Earlier today, the contract touched $3.0795, the lowest since February 12. Questions over US trade policy and poss...Read More
Florian GrummesPosted Mar 8, 2018After failing at 11,800 USD for the second time Bitcoin has been quickly losing ground. Over the last couple of hours prices crashed more than 1,000 USD down to 9,400 USD. That´s a drawdown of nearly 20% in just three days. Volatility is obviously back since the market has finished its “slowly creeping up” phase.Technically Bi...Read More
'I think we have a greater distortion and a financial danger sitting out there bigger than ever before... It's going to be a calamity.' And that "calamity," according to libertarian and former presidential candidate Ron Paul, could very well lead to a 50% drop in the stock market. For the Dow DJIA, +0.38% that would mean about 12,500 or so. Who does he blame for the looming market catastrophe? Th...Read More
(Kitco News)- Gold prices pushed deeper into negativeterritory after the European Central Bank seemingly took the first step towardnormalization of monetary policy by dropping its easing bias Thursday, analystssaid.Recently, the gold market hasbeen highly sensitive to currency markets, specifically movements in the U.S.dollar, but the focus could now be shifting to interest rates. Economists seeth...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
TD Securities calls silver an “attractive”bet after recent price weakness. “Silver, recently deemed the ugly duckling ofthe [precious-metals] complex, bounced off resistance at $16.80 [per ounce] andis now trending lower with precious metals,” TDS says. “Investor appetite forsilver remains lackluster as speculators recently piled on shorts, driving netexposure to its...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow remains more than 1,700 points below its all-time high of Jan. 26.Jobless claims in the U.S. for the week ended March 3, rose 21,000 to 231,000, rebounding from a more than 48-year low.Donald Trump announced a 25% tariff on imported steel and a 10% levy on non-American aluminum. Wall Street Overview The Dow Jones Industrial Ave...Read More
Glencore Canada Corp is to supply Noranda Income Fund with all of its zinc concentrate requirements and purchase all the fund's zinc metal for a four-year period ending April 30, 2022. Noranda Income Fund said that until April 30 2019 it will buy the zinc concentrate and sell the zinc metal based on fixed market terms for both concentrate and metal. After that, terms will be agreed annua...Read More
CloseGain/LossGold $1322.10-$3.10Silver$16.48UNCHXAU78.97+0.23%HUI173.54+0.07%GDM605.40-0.08%JSE Gold1120.34-17.90USD90.13+0.55Euro123.15-0.98Yen94.15-0.20Oil$60.12-$1.0510-Year2.860%-0.022T-Bond144.6875+0.5625Dow24895.21+0.38%Nasdaq7427.95+0.42%S&P2738.97+0.45% The Metals: Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the close, but it still...Read More