WASHINGTON (Reuters) - The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Donald Trump.Last Wednesday, Trump tweeted that China had been asked to develop a plan to reduce its trade imbalance with the United States by $1 billion, but the spokeswoman said...Read More
Conducting a gravity survey at Belmont's Kibby Basin lithium project in Nevada. Source: Belmont Resources Inc.The survey covered most of Belmont's Kibby Basin, Nevada claims and included the playa basin area as well as some of the adjoining higher level lands.Belmont's consulting geologist Robert Cuffney from Reno, Nevada will finalize and map drill hole locations and process the applications for...Read More
EDINBURGH (Reuters) - Scotland and Wales are within reach of a deal with the central government over power-sharing, Scotland’s Nicola Sturgeon said on Wednesday, easing the pressure on the British government as it negotiates its exit from the European Union.Speaking after a meeting with Prime Minister Theresa May in London, Scotland’s First Minister struck a more positive tone than she...Read More
WASHINGTON (Reuters) - U.S. television commentator and economic analyst Larry Kudlow said on Wednesday he had accepted an offer from President Donald Trump to become the White House’s top economic adviser, replacing Gary Cohn.“The president offered me the position last evening and I accepted,” Kudlow told Reuters, adding he thought the official announcement would come on Thursday...Read More
Weakening demand for rebar in the Turkish domestic and export markets has kept Turkish steel producers out of the deep-sea scrap markets, sources said on Wednesday March 14.Turkish steel producers paused their deep-sea scrap purchases after the Section 232 import tariffs were officially signed into effect in the United States, adding a 25% import duty on all steel product imports, exempting only C...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Pancontinental Gold (TSXV: PUC) Announces Exploration Plans for Its Strategic Nickel-Copper-Cobalt Project and Arranges Financing Toronto, Ontario - March 14, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Pancontinental Gold Corporation (T...Read More
(Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June.Under the new policy, the company will ban ads for unregulated or speculative financial products like binary options, cryptocurrency and financial spread betting among others. bit.ly/2Inxgg8In a separate blog post, Google said it took down 3.2 bi...Read More
Our ancestors weren't nice people. They kept slaves, looked forward to wars and sent people to concentration camps. It is easy to dismiss them as moral retards, but that would be setting the bar way too low. Slavery is bad, war is violence, and sending people to concentration camps isn't very nice. Blacks, Jews, and foreigners are not ambiguous classes of people, and violence is unambiguously wron...Read More
BERLIN (Reuters) - German lawmakers on Wednesday re-elected Angela Merkel as chancellor for a fourth, and likely final, term that may prove her most challenging yet as she takes charge of a fragile coalition with her personal standing diminished.Lawmakers voted by 364 to 315, with nine abstentions, in favor of re-electing Merkel, a humbling start as the coalition of her conservatives and the cente...Read More
Speculators Throw the TowelOver the past several years we have seen a few amazing moves in futures positioning in a number of commodities, such as e.g. in crude oil, where the by far largest speculative long positions in history have been amassed. Over the past year it was silver's turn. In April 2017, large speculators had built up a record net long position of more than 103,000 contracts in silv...Read More
(Kitco News)- The gold pricesare modestly higher following weaker than expected retail sales and slightlystronger than expected pipeline inflation pressures.Wednesday, the Labor Department saidits Producer Price Index (PPI) rose 0.2% last month following an increase of0.4% in January. According to consensus forecasts, economists were expecting toan increase of 0.1%.Coreinflation, which strips out...Read More
The US Commodity Futures Trading Commission (CFTC) is reassessing its approach to formulation, implementing and enforcing its regulations, the chairman of the regulatory body said. The regulator is committed to "right-sizing" the CFTC's regulatory footprint following years of expansive Dodd-Frank rule writing, J Christopher Giancarlo told delegates at the 43rd annual Futures Industry Association (...Read More
Editor's Note: Updating earlier story with more details from report and comment from economist.(Kitco News) - Gold futures ticked modestly higher aftera Commerce Department report Wednesday showing that February U.S. retail salesdecreased by 0.1% to $492 billion, when economists had been expecting a riseinstead. This was the third straight monthlydecline in overall retail sales. Meanwhile, sales e...Read More
Comex copper prices hit a multi-week high in Wednesday morning trading in the United States after the publication of positive Chinese data.Copper for May settlement on the Comex division of the New York Mercantile Exchange climbed 4.7 cents or 1.5% to trade recently at $3.1850 per lb Earlier this morning, China's industrial production grew 7.2% year on year in January-February 2018, a full percent...Read More
CloseGain/LossGold $1325.20-$0.60Silver$16.55-$0.02XAU79.79+0.11%HUI174.19-0.04%GDM607.88+0.17%JSE Gold1077.28-12.85USD89.74UNCHEuro123.67-0.23Yen94.14+0.26Oil$60.96+$0.2510-Year2.817%-0.030T-Bond145.875+0.71875Dow24758.12-1.00%Nasdaq7496.81-0.19%S&P2749.48-0.57% The Metals: Gold gained $4.30 to $1330.10 in Asia before it fell back to $1321.60 in midmorning New York trade...Read More
(Kitco News) - Gold prices have slipped from near unchanged seen in early U.S.trading, to modestly lower levels in late-morning action Wednesday. A firmerU.S. dollar index and more gains in the U.S. stock indexes are putting somedownside price pressure on the safe-haven metal. Aprilgold was last down $3.10an ounce at $1,323.80.By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.ki...Read More
By Ira EpsteinGold and silver trending slightly lower.https://www.iraepstein.com/ Read More
Base metals prices on the London Metal Exchange are for the most part consolidating this morning, Wednesday March 14, although copper and lead prices are showing gains of 0.5% and 0.3% respectively, with the former at $6,984 per tonne.Volume has been average with 7,085 lots traded as of 07.06am London time. This follows a day when most prices rebounded on Tuesday, with the complex closing up by an...Read More
(Reuters) - The Dow Jones Industrial Average shed more than 250 points on Wednesday as U.S. manufacturers continued to suffer from concerns over the impact of new tariffs on trade.Boeing’s (BA.N) 4 percent fall contributed to about 100 points drop in the blue-chip index, with traders citing continuing fallout from Tuesday’s reports that U.S. President Donald Trump could impose tariffs...Read More