Here Are 3 Hot Things to Know About Stocks Right Now For the week the Dow dropped 1.54%, the S&P 500 slipped 1.25% and the Nasdaq fell 1.04%The Dow is now more than 1,600 points below its all-time high reached on Jan. 26.A report from Bank of America Merrill Lynch said equity inflows were on pace for a record $717 billion in new funds this year, after an all-time high of $43.3 billion was re...Read More
CloseGain/LossOn WeekGold $1313.60-$2.90-0.75%Silver$16.33-$0.06-1.51%XAU78.70-0.14%-0.25%HUI171.16-0.24%-1.02%GDM598.50-0.3%-0.81%JSE Gold1050.82-17.12-6.73%USD90.21+0.06+0.09%Euro122.87-0.18-0.17%Yen94.32+0.21+0.67%Oil$62.34+$1.15+0.48%10-Year2.845%+0.020-1.79%Bond145.46875-0.34375+0.98%Dow24946.51+0.29%-1.54%Nasdaq7481.99+0.00%-1.04%S&P2752.01+0.17%-1.24% The Metals: Gold gained $5.20 t...Read More
There was a literal sharp fall in gold this week when 3.4 tonnes in gold dor?(C) ingots from Kinross Gold's (CN:K) Kupol mine fell out of a plane in Russia.Staff reporterGoldflinger: it was a skyfall for 172 Kinross gold dor?(C) ingots this week. PICTURE: TASS16 MARCH 201816/03/2018commentsshareThe plane had stopped to refuel in the Siberian city of Yakutsk, and when it took off again the hold bro...Read More
Rise Gold (CSE:RISE, RYES) has completed a first underwater inspection of the New Brunswick shaft, where a remote operated vehicle was used to check the condition of the mine shaft and the timberwork (and both appear to be in good shape).That's good news for the company as this shaft, which was used as primary shaft in the heydays of the Idaho-Maryland mine, could be vital for the company's explor...Read More
Copper concentrate treatment charges and refining charges (TCs/RCs) have shown little variation over the past two weeks despite an explosion in the numbers of direct trades while the market settled on second-quarter pricing.Smelters in China and elsewhere returned to the spot market for large tonnages, lowering their bids from more than $80 per tonne/$0.08 per lb to settle deals in the mid-$70/$0....Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,43166,48382,713161,604350,414478,748499,610Change from Prior Reporting Period -11,1564,71919,9028,183-7,91016,92916,711Traders17874884957262192 Small Speculators LongShortOpen Interest 48,01427,152526,762 1,7331,95118,662 non reportable positionsChange from the previous repor...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
Gold and silver fell on uncertainty in global financial markets. The USA is trying to blackmail South Korea over trade tariffs by saying that it will roll back military support. Black mailing will not work with South Korea. The USA needs South Korea as an ally MORE than the other way around. USA/NATO now wants to command the South China Sea and the Indian Ocean due to the mineral wealth under th...Read More
(Kitco News) - Goldpriceshave lost modest early gains and are trading moderatelylower and hit a two-week low in late-morning action Friday. The gold marketstarted to slip when the U.S. dollar index pushed above unchanged and moved toits daily high. The gold market is now poised to close at a technically bearishweekly low close today, which would also then suggest more selling pressureearly next we...Read More
Ignition of the detonating cord for the first blast marked the start of development of the twin declines to access the ultra-high-grade Kakula copper discovery on the Ivanhoe Mines Tier One Kamoa-Kakula Copper Project in the DRC. Source: Ivanhoe Mines Ltd.The move comes just days after DRC President Joseph Kabila signed into law a new mining code that raises royalties and taxes on mining operation...Read More
Canada Jetlines Ltd. (TSXV:JET) said it won't be able to launch its service in June as its aircraft lessor could not provide a definitive delivery dateSmallCapPower | March 16, 2018: Canada Jetlines Ltd. (TSXV:JET), a Vancouver-based ultra-low-cost carrier, late Tuesday announced that it is unable to begin operations by June 2018, as previously announced, due to key items such as the completion...Read More
WASHINGTON (Reuters) - U.S. job openings jumped to a record high in January, but a persistent lag in hiring suggested that employers will probably have to raise wages to attract qualified workers.The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Friday underscored labor market strength and supported expectations that the Federal Reserve could raise i...Read More
For a while there it looked like the blow-off top of this expansion was somewhere in the future. Now it's starting to look like 2017 was as good as it's going to get - with serious implications for stocks, bonds and real estate. At least that's what interest rates now seem to imply. From today's Wall Street Journal: Yield Curve Once Again Sends Dour Signal on EconomyA bond market barometer that br...Read More
Atlantic Gold's Moose River Consolidated Gold Mine in Nova Scotia. Source: Atlantic Gold Corp.Moose River commenced operations with the first gold pour and initial production from the Touquoy deposit in October 2017. According to a July, 2015 feasibility study, the Phase 1 Life of Mine plan was forecast to produce an average of 87,000 ounces of gold per year over a minimum 8.5-year mine life at an...Read More
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,670.62, up 17.01 points)Element Fleet Management Corp. (TSX:EFN). Financial Services. Down $1.25, or 24.41 per cent, to $3.87 on 15.4 million shares.Enbridge Inc. (TSX:ENB). Oil and gas. Down $1.81, or 4.22 per cent, to $41.06 on 9.8 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare....Read More
WASHINGTON (Reuters) - U.S. industrial production surged in February, boosted by strong increases in output at factories and mines, but the economic outlook for the first quarter was dimmed by a larger-than-expected plunge in homebuilding last month.The broad-based rise in production likely reflected increased investment spending in the wake of hefty corporate income tax cuts, which came into effe...Read More
Traders weigh mixed reports on factories, consumers, growthTreasury yields advance; euro declines; Texas crude jumpsJames Bevan Says Big Worries Relate to the Uncertainties on Central BanksU.S. stocks closed higher for the first time all week as traders digested positive factory output and consumer sentiment reports before next week’s Federal Reserve meeting. Ten-year Treasury yields rose a...Read More
(Reuters) - Wall Street’s main indexes rose on Friday after strong economic data boosted financial stocks and a jump in oil prices lifted shares of energy companies.JPMorgan (JPM.N) and Bank of America (BAC.N) rose nearly 1 percent, helping the S&P financial index gain .SPSY 0.55 percent.The top gainer on the S&P 500 was the energy index .SPNY, which rose 1.2 percent, helped by advan...Read More
Some steel product prices in the United States have risen in response to the looming introduction of 25% tariffs on imports, while sentiment in steel markets outside the US has been dampened by fears of potential shifts in trade flows. US president Donald Trump signed the 25% tariff into law on March 8 after the conclusion of his government's Section 232 investigation, and from Friday March 23 the...Read More
LONDON (Reuters) - The global economy is booming, but with growing political uncertainty and the threat of trade skirmishes after the United States imposed tariffs on steel and aluminum imports, a slowdown may not be far away.Global growth will be at its strongest in seven years in 2018, the Organisation for Economic Cooperation and Development said on Tuesday as it raised its forecast to 3.9 perc...Read More