(Kitco News)- Trading activity for the metalsoverall and gold in particular hit a record pace in the first quarter,according to the latest trade data from CME Group.In a report Tuesday, the exchangeoperator said metals volume averaged 713,000 contracts per day from Januarythrough March, up 39% from the first quarter of 2017.Trading volume was also above thethree-month rolling averages of 662,000 f...Read More
Canada's National Research Universal (NRU) - one of the largest and most versatile research reactors in the world - has been permanently shut down. The reactor at the Chalk River site ceased production in October 2016, but had since remained on standby.NRU (Image: CNL)Operator Canadian Nuclear Laboratories (CNL) announced yesterday that the reactor had been "quietly shut down for the last time" at...Read More
Base metals prices diverged on the London Metal Exchange at the close of trading on Tuesday April 3, with copper rising but aluminium dropping below $2,000 per tonne for the first time since August 2017.The complex started the day on a firm note before paring gains and moving back into the red near the close."The Chinese manufacturing numbers held up quite well, which was supportive, and the metal...Read More
Mr. Nav Dhaliwal reportsBONTERRA EXTENDS GLADIATOR GOLD DEPOSIT FURTHER WESTWARD 17.8 G/T AU INTERSECTED OVER 3.0 METERSBonterra Resources Inc. has released the latest results from the continuing winter drilling campaign at the Gladiator gold deposit, including an intersection of 17.8 grams per tonne gold over 3.0 metres. High-grade intersections extend multiple zones westward, adding strike lengt...Read More
NEW YORK (Reuters) - High asset prices and growing economic pressure from U.S. fiscal stimulus mean financial markets may be particularly vulnerable to an unexpected shock, an influential Federal Reserve governor said on Tuesday, warning the central bank could respond with stronger requirements on banks as needed.Fed Governor Lael Brainard said that for now risks to the U.S. financial system are &...Read More
China's ten largest copper smelters have set the base level for their treatment and refining charges (TCs/RCs) for the second quarter of this year 10.3% lower than in the first quarter, Metal Bulletin has heard.The China Smelters Purchase Team (CSPT) agreed during a meeting in Shanghai last Friday to fix the minimum levels for TCs at $78 per tonne and for RCs at $0.078 per lb, a source close to th...Read More
Mr. Jean-Sebastien David reports ARIANNE PHOSPHATE RECEIVES ADDITIONAL FUNDING FROM THE GOVERNMENT OF QUEBEC FOR ITS LAC A PAUL PROJECTArianne Phosphate Inc. has received a grant of $1.5-million from the Ministry of Energy and Natural Resources of Quebec. This funding has been provided as part of the government's plan to help advance the Quebec phosphate (apatite) sector. Arianne will be using thi...Read More
Dollar confidence 'most important determinant' of gold priceAggregate U.S. debt seen contributing to worries over dollarGold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades.Bullion could top $1,400 an ounce in 2018 as escalating tra...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Following the stock market rout on Monday, the Dow Jones Industrial Average, the S&P 500 and Nasdaq all started the day in correction territory, down 10% from their all-time highs.The tech-heavy Nasdaq was able to rally to close the session up after ending in negative territory in 11 of the past 15 sessions.The S&P 500 f...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMar 20, 2018Will this Friday’s US jobs report be the catalyst that sends gold above the key $1370 resistance zone and ushers in a new era of institutional enthusiasm for gold stocks?Pleaseclick here now. Double click to enlarge. The US stock market suffered yet another “cardia...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES FINANCIAL RESULTS FOR FOURTH QUARTER AND YEAR END 2017 Avino Silver & Gold Mines Ltd. has released the consolidated financial results for the company's fourth quarter and year ended Dec. 31, 2017.The financial statements and management's discussion and analysis can be viewed on the company's website, on SEDAR and on EDGAR.Effective Jan. 1, 2017, the comp...Read More
Comex copper prices sustained momentum in the US morning on Tuesday April 3 with the fundamental outlook optimistic for the remainder of the year. Copper for May settlement on the Comex division of the New York Mercantile Exchange ticked up 0.10 cents or 0.1% to $3.0510 per lb. "While it is too early to assert that the rebound in copper will last, we think the bull market in copper will prevail th...Read More
Overstock's attempt to capitalize on "blockchain mania" appears to have fallen flat. The SEC is investigating it ICO fund-raising scheme and a class-action lawsuit has been filed in connection with the deal. OSTK finally announced today that it was pulling its attempt to unload 4 million shares on the public. This is after a failed effort to sell its e-commerce business. Meanwhile, OSTK's operatin...Read More
U.S. Treasury Yields Are DecliningThis Bodes Well for Gold PricesGold and U.S. Treasury Yields are Negatively CorrelatedFear over global trade negotiations, and recent softer than expected economic data has weakened the long end of the U.S. treasury curve, which should be a positive for gold prices. Historically as the long-end of the U.S. treasury curve declines, relative to European and Japanese...Read More
Due to reporting errors, a story reported by Metal Bulletin on March 27, titled "Global silico-manganese output to rise this year in response to higher demand - IMnI," misrepresented InMI's views on the current markets and has been officially retracted and removed from the Metal Bulletin archive.The organization's spokesman made...Read More
Paresh DaveSAN BRUNO, Calif. (Reuters) - A woman opened fire at YouTube’s headquarters near San Francisco on Tuesday, wounding three people before taking her own life as employees of the Silicon Valley technology company fled into the surrounding streets, authorities said.Police did not release any further information on the suspect or her motives for the shooting rampage at YouTube, a video...Read More
Chinese vanadium exporters experienced increased activity over the past week, while ferro-vanadium tightness continued to bolster prices in the United States and Europe. Chinese exporters see uptick in activity levels; V2O5 offers up on limited availability European ferro-vanadium market edges upward despite slowed spot market ahead of holidaysUS ferro-vanadium market continues ascent on supply co...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
China's ten largest copper smelters have set the base level for their treatment and refining charges (TCs/RCs) for the second quarter of this year 10.3% lower than in the first quarter, Metal Bulletin has heard.The China Smelters Purchase Team (CSPT) agreed during a meeting in Shanghai last Friday to fix the minimum levels for TCs at $78 per tonne and for RCs at $0.078 per lb, a source close to th...Read More
CloseGain/LossGold $1331.70-$10.20Silver$16.42-$0.18XAU81.22-0.96%HUI175.83-1.07%GDM613.88-0.81%JSE Gold1104.87-22.52USD90.22+0.21Euro122.66-0.49Yen93.84-0.67Oil+$0.50$63.5110-Year2.785%+0.044T-Bond145.78125-0.96875Dow24033.36+1.65%Nasdaq6941.28+1.04%S&P2614.45+1.26% The Metals: Gold fell $13 to $1328.90 in late morning New York trade before it nearly halved its drop by early afternoon, bu...Read More