Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed Tuesday more than 1,600 points below its all-time high of 26,616 set on Jan. 26. The Nasdaq on Tuesday snapped a seven-session winning streak.The S&P 500 is now more than 100 points from its all-time high of 2,872 set on Jan. 26. Wall Street Overview Stocks declined on Tuesday, March 13, after...Read More
Commerzbank says gold prices may well weaken ahead of ameeting of the Federal Open Market Committee next week. After all, this hasbeen a pattern for the yellow metal, which then tends to rise afterward. A U.S.rate hike is expected at next week’s FOMC meeting, the first to be chaired byJerome Powell. “It was not unusual for gold to experience phases of weaknessahead of a Fed meeting las...Read More
The prices of gold increased as fears over a massive trade war drove the value of the US dollar down and stimulated demand for safe haven assets. The threat to a looming trade war began when President Donald Trump decided to impose taxes on aluminum and steel imports. The taxes on both materials prevented the greenback from enjoying a seven-week high."The risk of trade wars, which could impac...Read More
Weekly Reports |Mar 13 2018While the world reels amidst global trade uncertainty, India has outlaid plans to become nuclear self-sufficient.- Weekly spot price movements remain lacklustre- US-Europe price gap narrows- India unveils ambitious production plansBy Greg PeelIndustry consultant TradeTech's weekly uranium spot price indicator fell -US25c last week to US$22.00/lb as financial urgency forc...Read More
The United Kingdom's trade department has said it will work with industry to try and convince the United States to exempt British products from the Section 232 import tariffs.The UK government will be assisting UK industry "as they work with US customers to build their cases for the exemption of individual products" from US president Donald Trump's Section 232 tariffs on imported steel and alumini...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMar 13, 2018As the world transitions from deflation to inflation, investors need to engage in serious sector rotation or they risk being left behind.Income growth in China/India, US government tax cuts, central bank rate hikes, and quantitative tightening are the main fundamental forces o...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump fired Secretary of State Rex Tillerson on Tuesday after a series of public rifts over issues including North Korea and Russia, replacing his chief diplomat with loyalist CIA Director Mike Pompeo.The biggest shakeup of Trump’s Cabinet since he took office more than a year ago, which the president announced on Twitter, comes as the administrat...Read More
Some geologists believe that the Cortez Trend could be bigger than the famed Carlin Trend. U.S. Gold has a project that sits about 10 miles south of Barrick's mammoth Cortex Hills gold mine. I've spent about five hours with the CEO and co-founder - in person and on the phone - and over two hours in person with the head geologist understanding why USAU's Keystone Project has potential to be the n...Read More
Gertrude Chavez-DreyfussNEW YORK (Reuters) - A global regulatory crackdown on cryptocurrencies created by startups to finance new projects could slow the pace of virtual currency sales as questions mount about their transparency and the risk of scams for investors.More than 500 digital technology startups around the world have raised funds by selling their own cryptocurrencies, or tokens, that sid...Read More
Despite the better-than-expected 2018 Chinese government's subsidy policy on electric vehicles (EVs), cobalt demand in local market is likely to be subdued after transitional period specified in the new policy expires in June, market participants told Metal Bulletin.As the market had expected, China's 2018 EV subsidy policy prioritizes pure EVs with a higher driving range and energy density. Yet,...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
For the last few days, gold hastried to catch a bid to go higher, but each time it has failed. Since lastWednesday's high, gold has attempted to rally each day only to close lower.There seems to be a lot of waiting on gold, keeping the metal from breaking outto the upside.Every news event that seemedpositive for the metals has resulted in a failed rally. Prices seem to behovering at the bottom end...Read More
The manganese ore price-trend outlook was firmly above $8 per dry metric tonne unit (dmtu) on Friday March 9, while producers reckon consumer interest will act as support, though there was a downbeat assessment among consumers. Ore producers say they are sold out through April But Chinese consumers signal otherwise Europe holds, awaits quarterly deals US markets held in rangesMajor manganese ore p...Read More
WASHINGTON (Reuters) - Top U.S. Senate Democrats on Tuesday blasted President Donald Trump’s stance on Russia as too soft and indicated that his approach to the country accused of meddling in U.S. elections will come up when they consider his nominee for secretary of state next month.Saying that outgoing Secretary of State Rex Tillerson“was not close to tough enough on Russia,” S...Read More
Due to an administration error, the Metal Bulletin 44% manganese ore index was calculated incorrectly on March 9. Metal Bulletin has corrected its 44% manganese ore index, which was published incorrectly on Friday due to an administrative error.It was incorrectly published at $8.81 per dmtu on Friday, which has now been corrected to 8.63 cents per dmtu. Metal Bulletin's price book a...Read More
CloseGain/LossGold $1325.80+$2.10Silver$16.57+$0.02XAU79.70+0.04%HUI174.25-0.09%GDM606.84-0.03%JSE Gold1090.13-15.81USD89.74-0.14Euro123.90+0.48Yen93.88-0.18Oil$60.71-$0.6510-Year2.847%-0.020T-Bond145.15625+0.40625Dow25007.03-0.68%Nasdaq7511.01-1.02%S&P2765.31-0.64% The Metals: Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and then dropped back...Read More
Blue Sky Uranium (BSK.V) has released a maiden resource estimate on its Amarillo Grande uranium project. As we expected in a previous update, we were underestimating the size of the Ivana target as the maiden resource contains 19.1 million pounds of uranium (compared to our previous estimates of 10-15 million pounds). The higher amount of uranium in the resource is great news (considering this res...Read More
Qualcomm drops after deal scuttled; Texas crude retreatsWhite House moves keep investors guessing; Treasuries gainArbuthnot Latham's Perdon Says U.S. Financials a Good Place to BeU.S. equities fell for the second straight day as markets took in Tuesday’s economic and political news. The 10-year Treasury yield fell while the dollar held steady.While an inflation report reinforced the sense t...Read More
NEW YORK (Reuters) - The U.S. Federal Reserve’s currency swap line with overseas central banks may not stem a further widening of the spread on dollar three-month London interbank offered rate and overnight indexed swap rate, a Citi Research analyst said on Tuesday.The premium of three-month LIBOR over three-month OIS, which is seen as a gauge of stress in the money markets, grew to 48.45 ba...Read More
- Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England- Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil- Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes- Central bank gold purchases continue to be major drivers of gold market- Russian central bank gold reserves now exceed th...Read More