Other people's money is always more fun to play with recklessly than your own. As such there's been a quiet escalation in number of private capital pools offering mortgage (and auto) financing to subprime quality borrowers. "Special Circumstance Lending" is one such lender in Denver. It constantly runs ads on Denver radio.The proprietor of Special Circumstance Lending was an aggressive par...Read More
Adam HamiltonArchivesMay 11, 2018The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans' new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And...Read More
Key data from the pricing sessions in the week ending Friday May 11.China Chinese ferro-chrome spot prices bottomed out after small volumes were available to major stainless steel mills at their lower tender prices for May. Few deals have been closed at new prices this week while market insiders...Read More
Despite therelentless rise of the U.S. dollar during the past four weeks, the gold pricehas managed to hold critical support at the $1300 level due mostly to crude oilcontinuing to rise. The GDX is also trying to close the week above its 200-daymoving average and strong resistance at $23 on the back of a tame U.S.inflation report released on Thursday. The inflation report boosted both goldand U.S....Read More
Market Overview The three major U.S. indices finished mixed on Friday. The Dow Jones Industrial Average rose 91 points or 0.37%. The S&P 500 was up 0.17% while the Nasdaq (NDAQ) dropped 0.33%. For the week the Dow rose 2.34%, the S&P 500 gained 2.41% and the Nasdaq rose by 2.68%. Nvidia Corp. (NVDA) shares finished 2% lower on Friday after the chipmaker posted stronger-than-e...Read More
An overview of the battery raw materials markets and their price moves from the past week.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
An overview of the battery raw materials markets and their price moves from the past week.Read More
CloseGain/LossOn WeekGold $1318.90-$1.70+0.37%Silver$16.67-$0.05+1.03%XAU83.86+0.07%+1.77%HUI182.24-0.06%+0.47%GDM639.91-0.00%+1.16%JSE Gold1068.30+8.70-4.19%USD92.54-0.12-0.06%Euro119.44+0.19-0.11%Yen91.47+0.13-0.28%Oil$70.70-$0.66+1.41%10-Year2.970%+0.003+0.85%Bond143.21875+0.03125-0.22%Dow24831.17+0.37%+2.34%Nasdaq7402.88-0.03%+2.68%S&P2727.72+0.17%+2.41% The Metals: Gold gained $5.30 t...Read More
Yesterday we wrote that themetals were getting ready to make a big move in either direction based on thepattern that was being formed. Gold has rallied from a low of $1,304 and is nowtrading at $1,325, and silver has traded as low as $16.30, now $16.80. Has thebig move started?Both metals are approaching keyresistance levels -- gold at $1,328 and silver at $17. If they can breakthrough those level...Read More
As members of the metals industry, including the London Metal Exchange, brokers, traders, producers, consumers, banks and warehouse companies, prepare to gather for LME Asia Week in Hong Kong from Monday May 14, Metal Bulletin reviews the likely topics of discussion.Opening up China's markets China has been opening up its economy and markets recently. In May, China allowed foreign investors to tra...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort198,54891,10857,613181,586316,570437,747465,291Change from Prior Reporting Period -11,029-11,690-8,5431,8514,963-17,721-15,270Traders18783864953282184 Small Speculators LongShortOpen Interest 53,65126,107491,398 1,363-1,088-16,358 non reportable positionsChange from the previous...Read More
Global demand for gold is increasing while new discoveries of gold remain small Gold mining output in Australia is forecast to decrease by 50% in the next eight years Decline in global gold mining supply makes a price increase almost certainGold nugget (placer gold) from Colorado, USA. Source: Commons.wikimedia.orgby Lawrence Thomas, Gold TelegraphThe demand for gold is increasing, yet new di...Read More
BERLIN/PARIS (Reuters) - Europe’s largest economies lobbied to protect their companies’ investments in Iran on Friday, seeking to keep the nuclear deal with Tehran alive after Washington pulled out and threatened to impose sanctions on European companies.Germany and France have significant trade links with Iran and remain committed to the nuclear agreement, as does Britain, and the thr...Read More
(Kitco News) - Wheaton Precious Metals Corp. (TSX, NYSE:WPM) late Thursday reported higher first-quarter adjusted earnings and alsoannounced a new streaming agreement with First Majestic Silver Corp.(NYSE: AG; TSX: FR).Excluding special items, adjusted net earnings were $70million, or 16 cents per share, compared with $61 million, or 14 cents, for thesame period in 2017.Net earnings were $68 milli...Read More
Exploring Argentina Lithium & Energy's 20,500-hectare Arizaro Project in northwest Argentina. Photo courtesy Argentina Lithium & Energy Corp.With the impending advent of the widespread use of electric cars, trucks plus the millions of rechargeable consumer electronic devices that utilize lithium ion batteries, it is no wonder that numerous exploration companies have turned their attention...Read More
WASHINGTON (Reuters) - The White House said on Friday Iran’s “reckless actions” pose a threat to regional security and urged other countries to press Tehran to change its behavior.“It is time for responsible nations to bring pressure on Iran to change this dangerous behavior,” the White House said in a statement. It cited rockets fired at Israeli-occupied Golan Height...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Gold's Mercedes Mine in Sonora, Mexico. Source: Premier Gold Mines Ltd.Premier Gold Mines Ltd. [PG-TSX; PIRGF-OTC] on Friday May 11 filed a technical report that was prepared for its Mercedes gold-silver mine in Mexico in compliance with NI 43-101 standards of disclosure. The technical report provides more details about previously announced reserves and resources at the 100%-owned Mercedes Mine in...Read More
In light of feedback received as part of the consultation on its international cobalt price specifications, Metal Bulletin will change the names of its benchmark in-warehouse Rotterdam assessments from January 2019. From January 2019, the name 'standard-grade' will replace the name 'low-grade'. The name 'alloy-grade' will replace the name 'high-grade'. The last date prices will be published under...Read More