(Kitco News) - Bitcoin is likely to mean-revert towards January 2017 levelsof around $900, paving the way for precious metals like silver to prosper,according to research from Bloomberg Intelligence (BI). In a recent webinar, Mike McGlone, senior analyst at BI saidthat he remains bullish on blockchain technology, but the digital currency marketappears to be overvalued. He added that the speculator...Read More

Mr. JohnWatson reportsNV GOLD ANNOUNCES CLOSING OF CDN$1,002,000 PRIVATE PLACEMENTNV Gold Corp. has closed its non-brokered private placement of $1,002,000 in units announced on March 19, 2018.The company sold 1.67 million units at 60 cents per unit.Each unit consists of one share and one-half of one warrant exercisable at 90 cents until April 3, 2020.The expiry date of each whole warrant is subj...Read More

Apr 04, 2018 Guest(s): Todd 'Bubba' Horwitz Chief Market Strategist, BubbaTrading.com The U.S. dollar has been artificially suppressed by the Federal Reserve and is due for a breakout, said Todd "Bubba" Horwitz of bubbatrading.com. "The reason they're doing that is to keep interest rates artificially low, even though our rates are rising and the Fed has just hit a hike," Horwitz told Kitco News....Read More

Apr 04, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals Investors no longer believe that President Donald Trump's proposed tariffs will be detrimental to markets, this according to Peter Hug, Director of Global Trading at Kitco Metals."The market has basically reversed about 50% of the gains [in gold] since that announcement on the Chinese tariffs, [investors] believe that Trump's...Read More

Trump says on Twitter the U.S. isn't in a trade war with ChinaStocks reverse losses as Mnuchin signals openness to talks"Nobody wins" in a trade dispute, says OECD Secretary-General Angel Gurria.The Trump administration indicated it’s willing to negotiate with China on escalating frictions between the world’s two biggest economies, helping to ease fears among investors of a tit-for-t...Read More

(Kitco News) - The Australian government said it will invest $50 million to fund mining research, with a focus on tackling any potential future challenges the industry might face.The announcement was made by the Minister for Resources and Northern Australia Matt Canavan and Assistant Minister for Science, Jobs and Innovation Zed Seselja.The funding will be available through the Cooperative Researc...Read More

Mr. Ralph Shearing reportsTELSON MINING CORPORATION ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR THE CAMPO MORADO MINETelson Mining Corp. has released the positive result of an independent preliminary economic assessment study (PEA) prepared in accordance with National Instrument 43-101 on the 100-per-cent-owned Campo Morado mine located in Guerrero state, Mexico.Campo Morado PEA highlig...Read More

It’s not about nuance, it’s not about the subtleties of trading, rather it’s about a 24-hour market in which traders witness polar opposites in terms of market direction and sentiment.Today, for example, is a clear illustration of how markets can turn on a dime and reverse course, all in the span of a single trading day. In overseas trading last night, the Dow Jones Industrial Av...Read More

Mr. JohnWatson reportsNV GOLD ANNOUNCES CLOSING OF CDN$1,002,000 PRIVATE PLACEMENTNV Gold Corp. has closed its non-brokered private placement of $1,002,000 in units announced on March 19, 2018.The company sold 1.67 million units at 60 cents per unit.Each unit consists of one share and one-half of one warrant exercisable at 90 cents until April 3, 2020.The expiry date of each whole warrant is subj...Read More

Lupaka Gold Inc. (TSX-V: LPK) has been completing the necessary steps to achieve commercial production at its wholly-owned Invicta Gold project in Peru, located 120 km north of Lima by road. Recently, I had the opportunity to re-visit the mine site to see how work is progressing towards production.It is at this point in the life span of a mining company where institutional investors typically in...Read More

WASHINGTON (Reuters) - Steve Bannon, President Donald Trump’s former chief strategist and 2016 campaign CEO, had a fiery response on Wednesday to Wall Street’s dim view of Trump’s trade actions against China.“Ask the working people in Ohio, Pennsylvania and Michigan about Wall Street. Wall Street supported and cheered on the export of their jobs. To hell with Wall Street if...Read More

(Kitco News) - Gold prices aremodestly up in early afternoon U.S. trading Wednesday, but well off sessionhighs as the U.S. stock market posts a dramatic rebound from the lows seenearlier in the session. June Comex gold futures were last up $3.00 an ounce at$1,340.50. May Comex silver was last down $0.117 at $16.28 an ounce.Fearsof a global trade war have ratcheted up a notch after China today anno...Read More

(Kitco News)- Trading activity in gold and silver dropped in February as prices struggled to find momentum, according to the latest trade data from the London Bullion Market Association.LBMA monthly clearing statistics show the average volume of gold ounces transferred in February dropped 15% to 19 million ounces, compared to activity in January. The decline in trading activity came as gold prices...Read More

Here Are 3 Hot Things to Know About Stocks Right Now China issued a list of more than 100 U.S. goods such as soybeans, cars and planes that could be targeted for a possible 25% tariff hike.General Motors Co. reversed earlier losses and closed Wednesday up 2.9%At its lowest Wednesday, the Dow Jones Industrial Average fell 501 points, and the S&P 500 plunged 1.6%. Both indexes r...Read More

BloombergAmerican manufacturers are going strong, but they are worried about recent tariffs and growing supply constraints. The numbers: American manufacturers were still going strong in March, but many executives complained about bottlenecks getting supplies or transporting their goods to customers, according to the latest survey by the Institute for Supply Management The ISM said its manufactur...Read More

Copper price premiums in Shanghai rose to a 17-month high with market participants hoping for declining import costs following a cut in value-added tax (VAT), market sources told Metal Bulletin on Wednesday April 4.On Wednesday, the premium for copper cathodes on a cif basis rose by $3 to $78 per tonne, the highest level since October 31, 2016, according to Metal Bulletin assessments.The adjustmen...Read More

(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More

(Kitco News) - Gold may remain range-bound in the second quarter but likely will rise to $1,450 an ounce by the end of the year, the consultancy Metals Focus said in its 2018 Gold Focus report released Wednesday.Many of the challenges that gold faced in 2017 persist, including investor commitment to equities despite recent volatility, Metals Focus said. Recent gains in Treasury yields have also hi...Read More

Base metals prices on the London Metal Exchange dropped throughout the day on Wednesday April 4, with sentiment remaining low after US-China trade tensions escalated. The majority of the complex ended the LME kerb session lower, with only aluminium posting a slight increase of 0.6%.    LME copper prices have been volatile, trading within a $200 per tonne window but cutting losses to...Read More

WASHINGTON (Reuters) - President Donald Trump, unable to get the U.S. Congress or Mexico to fully fund his border wall, will post National Guard troops along the Mexican frontier, officials said on Wednesday, in a move that was likely to escalate tensions with a key U.S. ally.The Trump administration was working with the governors of four southwestern U.S. states along the border to deploy the Gua...Read More