Americans live a never-never-land existance. The politicians and presstitutes make sure of that. Consider something as simple as the unemployment rate. The US is Continue...Read More
SHANGHAI, Mar 9 (SMM) –Copper: As news of the simmering trade war rattled markets and as global inventories remained at highs from last year, base metals slumped across the board. We expect LME copper to weaken to $6,700/mt in the short term and to trade at $6,790-6,950/mt today. We see SHFE copper trading at 51,300-51,800 yuan/mt. In the physical market, spot discounts a...Read More
VIENNA, March 9 (Reuters) - Austrian steelmaker Voestalpine will monitor the effects of new U.S. tariffs on steeland aluminium imports and may not invest further in the UnitedStates until it has a clear picture of the situation, its chiefexecutive said on Friday."The United States remains attractive but it could be thatthere is a certain pause in our investment activity until thepolitical con...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.Market...Read More
The Fed will succeed in tightening financial conditions. It always does. And when this starts to click, the adjustment will be sharp and possibly harsh for those Continue...Read More
* Voestalpine says up to 3 pct of group sales affected* Thyssenkrupp supplies 400,000-500,000 tonnes/year to U.S.* Voestalpine shares down 1.6 pct, Thyssenkrupp up 0.8 pct (Recasts with German steel association, Thyssenkrupp)ZURICH/FRANKFURT, March 9 (Reuters) - New U.S. tariffs onsteel and aluminium imports will have a limited impact on two ofEurope's top steelmakers, the companies said on Friday...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
Base metals traded on the London Metal Exchange are for the most part weaker this morning, Friday March 9. The exception is nickel, where prices are up by 0.2%, while the rest are lower: Zinc (-1%), tin (-0.9%), aluminium (-0.5%), lead (-0.3%) and copper prices are off by 0.5% at $6,792 per tonne.Volume has been high with 13,023 lots traded as of 07.10am London time - high volume and weak prices d...Read More
JOHANNESBURG, March 9 (Reuters) - South Africa's rand edgedfirmer on Friday, pausing a week-long slide on fears about theimpact of a potential global trade war following U.S. PresidentDonald Trump's plan to impose tariffs on steel imports.At 0645 GMT the rand was 0.04 percent weaker at11.9200 per dollar, having touched a low of 11.9450 overnight,bringing it closer to the 12.00 technical milestone...Read More
We all know the stock market's been on a wild ride lately.You may find this shocking, but I believe the Dow could drop to 12,000. And, as a consequence, bitcoin could rally to $30,000.You read that right. How?The writing is on the proverbial wall and the panic is setting in on Wall Street. And in markets around the world, for that matter. Don't think for a minute that the one- or two-day rallies w...Read More
John Harrington dropped into the studio for an update on the Proactive virtual portfolios.First up: the 'AIM sustainable dividend' fund.He says they've been forced to ditch its star performer, Somero Enterprises.''The computer says get rid of it ... it's never a bad idea to take profits. Had a very good run, up 31% over the last three months'', Harrington says.He also discusses a couple of new por...Read More
The economy added 313,000 jobs last month, far surpassing economists' expectations, while the unemployment rate stayed the same at 4.1 percent, according to a Labor Department report Friday.Continue...Read More
* Dalian iron ore also drops to lowest since Nov* Chinese industry calls for Beijing to retaliate on U.S.tariffs* Tit-for-tat trade situation not good for globaleconomy-analyst (Updates prices)By Manolo Serapio JrMANILA, March 9 (Reuters) - Chinese steel futures slumped totheir weakest since November on Friday after steel and metalsassociations in China called on Beijing to retaliate against theUn...Read More
Cryptocurrencies took a hit this week when the SEC announced that bitcoin and many other cryptos meet the government's definitions of securities and are therefore subject to regulation. Cryptocurrency exchanges will be required to register with the SEC.Most people automatically assume this is terrible news for cryptocurrencies. But I don't. I actually think it's good for cryptos.Why?Because it sho...Read More
Guido Michelotti, chief executive of Cadogan Petroleum PLC (LON:CAD), says the company has seen increased production at its wells and is reviewing new growth opportunities.Cadogan is reporting that production had nearly doubled at its Blazhiv 1 well in West Ukraine.Having acquired Explo Energy in Italy last year they're now looking at other opportunities in Africa, the Middle East, and Centr...Read More
A team of graduate students from Colorado School of Mines took first place in an international case competition focused on mining and sustainability. The team of Phillip Ruban, Alex Campbell, Emilio Castillo and Marko Visnjic beat out six other teams from around the world to win the Schulich International Case Competition on March 3 at York University in Toronto. The top prize was 10,000 Canadi...Read More
The legal marijuana market is on fire…Thirty U.S. states have already legalized cannabis in some form, turning marijuana into what The New York Times calls the "fastest-growing industry in America."That's why People magazine is writing stories about "Marijuana Millionaires"...And that's why USA Today is calling this a "gold rush."But we believe the growth we've seen so far is just the tip of...Read More
Over the next couple days this story will break in almost every major news outlet.It's from MIT:Three MIT researchers just finished the biggest "Fake News" study to date.Their findings: humans, not bots, are primarily responsible for the spread of fake news.Yesterday, The Atlantic wrote this:The massive new study analyzes every major contested news story in English across the span of Twitter's exi...Read More
Trump and Kim Jong Un agree to meet, tariffs might not be as bad as the experts predicted, and the stock market is sneaking back toward its highs as we wrap up the trading week.What's not to love?Unfortunately, some investors are missing the ride. The average stock-watcher has become more bearish on the market since the low-volatility melt up disintegrated last month.Today, we're on the hunt for s...Read More
Japan's Kobe Steel will appoint Mitsugu Yamaguchi as president and chief executive officer (CEO) of the company from April 1, the steelmaker, which also produces aluminium and copper products, announced on Friday March 9.Yamaguchi, who is currently executive vice president of the company, will replace current president and CEO, Hiroya Kawasaki, who has decided step down as of April 1. Kawasaki, al...Read More