Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average  dropped 148 points on Monday and closed out April more than 2,400 points below its all-time high set on Jan. 26. The Dow has now declined 2.25% in 2018.Oil prices rose on Monday after Israeli Prime Minister Benjamin Netanyahu said Iran lied about its nuclear ambitions. But shares of Exxon Mobil Corp. (XO...Read More

Net substitution of copper in 2017 fell for the sixth year in a row to 225,000 tonnes, down from 245,000 tonnes the previous year, according to figures released by the International Copper Association (ICA) on Monday April 30. Findings of the 2018 Global Copper Substitution survey, conducted by specialist consultancy MetalsPlus, reveal that total substitution accounted for 0.8% of the market last...Read More

(Kitco News)- Rising U.S. inflation could prompt contrasting reactionsamong gold-market participants, Mitsubishi pointed out in a report Monday.Rising costs tend to mean higher Treasury yields that inturn underpin the U.S. dollar, thereby hurting gold. Yet, Mitsubishi alsopointed out, there is also potential for some market participants to buy gold as an inflation hedge.“The week ahead shoul...Read More

WASHINGTON (Reuters) - The White House said on Monday that information released by Israel on Iran’s nuclear program provides “new and compelling details” about Tehran’s efforts to develop “missile-deliverable nuclear weapons.”“These facts are consistent with what the United States has long known: Iran has a robust, clandestine nuclear weapons program that...Read More

Comex copper prices bounced-back from a multi-week low on Monday April 30 morning in the US, with investors preventing another wave of selling despite the dollar climbing once again.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched up 1.15 cents or 0.4% to $3.0810 per lb. On Friday, the contract fell to its lowest point since April 6 on a bout of technical...Read More

WASHINGTON (Reuters) - President Donald Trump has postponed a decision on imposing steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached an agreement in principle with Argentina, Australia and Brazil, a source familiar with the decision said on Monday.Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March, but gra...Read More

Saqib Iqbal AhmedNEW YORK (Reuters) - The February volatility shock may be receding in the U.S. stock markets’ rear-view mirror, but it has dramatically altered VIX-land - the market where traders place bets on volatility via products linked to the VIX, the stock market’s so-called “fear gauge.”U.S. equity investors spent 2017 cocooned in one of the most tranquil periods in...Read More

Softening demand and delayed tenders from Chinese stainless steel mills weighed on prices and activity for the country's ferro-chrome and chrome ore markets. Strong imports of chrome ore into China added to bearishness Falling ferro-chrome prices weigh on charge chrome and UG2 Stability for South Korean and Japanese markets Trades show drop in European ferro-chrome US prices firm slightly on limit...Read More

David Shepardson, David LawderWASHINGTON (Reuters) - The latest U.S. proposal for increasing NAFTA’s regional automotive content would carry a four-year phase-in to meet a higher, 75 percent regional value threshold and new labor content rules requiring substantial work at wages of $16 an hour or higher.A summary of the proposal, seen by Reuters and circulating among auto industry officials...Read More

The Chinese ferro-silicon market has rebounded in the week to Friday April 27, ending a steady run of losses since early March, because of supply worries and renewed buying from traders; prices in Europe and the US have gone the other way, however, due to slack demand for alloy on a prompt basis. China pares losses, eyes more gains as China futures jumps Europe, US suppliers cut offer prices...Read More

MEXICO CITY (Reuters) - Mexico’s central bank said on Monday it was investigating an apparent attempt to hack into the payment systems of at least three local financial institutions, but no funds were stolen.Connections to the central bank’s payment system at two banks and a brokerage were compromised, said Lorenza Martinez, head of the central bank’s own payment system.“At...Read More

Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), announced today that the process of converting the 24 unpatented federal mining claims leased from Kougarok LLC to State of Alaska mining claims is now complete. All resources identified to date within the Company's Graphite Creek flake graphite deposit are now held by the Company by sta...Read More

Israeli businessman and Democratic Republic of the Congo (DRC) mining magnate Dan Gertler is suing former partner Glencore for just shy of $3 billion in unpaid royalties, Glencore said late on Friday April 27.Gertler's Ventora Development Sasu alleges Glencore DRC subsidiaries Mutanda Mining and Kamoto Copper Co (KCC) owe approximately $695 million and $2.28 billion respectively in royalties that...Read More

Jonathan StempelNEW YORK (Reuters) - A U.S. judge on Monday rejected Alibaba Group Holdings Ltd’s bid for a preliminary injunction to block the Dubai cryptocurrency firm Alibabacoin Foundation from using the Alibaba name.U.S. District Judge Paul Oetken in Manhattan said Alibaba did not show he had jurisdiction, having failed to establish a “reasonable probability” that Alibabacoi...Read More

It took the company a few months to find a replacement for Giulio Bonifacio, but Nevada Copper (NCU.TO) has now announced Matthew Gili has been appointed as new CEO of the company, starting on May 1st.Gili might not be very well known, but his credentials appear to be very strong. He's coming over from Barrick Gold (ABX, ABX.TO) where he was the Executive General Manager for the Cortez district in...Read More

CloseGain/LossGold $1314.70-$8.90Silver$16.31-$0.21XAU81.15-2.15%HUI178.47-1.96%GDM622.44-1.81%JSE Gold1104.60+8.93USD91.85+0.34Euro120.84-0.44Yen91.58-0.17Oil$68.47+$0.4710-Year2.935%-0.024T-Bond143.53125+0.34375Dow24163.15-0.61%Nasdaq7066.27-0.75%S&P2648.05-0.82% The Metals: Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close and ended with a lo...Read More

Gold and silver will zoom if there is any indication that interest rates will not be hiked in June by the Federal Reserve. Trump trade wars with China and Europe will impact industrial metals more. The Korean peninsula peace will be bearish for gold. There can be profit taking in long US dollar positions before the FOMC meet and April's NFP. Fundamentally gold and silver are bearish as physical...Read More

Bill Beament says Northern Star Resources shareholders should be gearing up for a surge in free cashflow as the company reaches its targeted run-rate of 600,000 ounces per annum of gold.Kristie Batten* Bill Beament says Northern Star's free cashflow will soar30 APRIL 201830/04/2018commentsshareGold sold in the March quarter was 119,976oz at all-in sustaining costs of A$1,075 per ounce, taking...Read More

(Kitco News)- Hedge funds are liquidating their gold investments as the market struggles in an environment of rising bond yields, a stronger U.S. dollar and easing geopolitical tensions, according to analysts, quoting the latest data from the Commodities Futures Trading Commission.The increased selling pressure pushed gold prices to the bottom of its well-established trading range to a one-month l...Read More

Core Gold (CGLD.TO) has now closed the US$1.6M bridge loan provided by Credipresto, a company related to Javier Reyes, one of its directors. The proceeds were already advanced to the company in January 2018, and the deal has now been 'officialized'. Credipresto was also awarded 800,000 share purchase warrants in Core Gold, with a strike price of C$0.365 per warrant.Core Gold will very likely publi...Read More