Caroline ValetkevitchNEW YORK (Reuters) - Stocks in world indexes continued their flying start to the year on Tuesday as bank stocks gained, while U.S. oil touched its highest since late 2014.A tweak to the Bank of Japan’s bond-buying program shunted the yen higher, while the dollar climbed against a basket of major currencies, recovering further from last week’s decline to its lowest...Read More
The big story for investors in 2017 was the broad-based rally in stocks. Simply by owning equities of any shape or size, you likely made out very nicely. Domestic large-cap stocks were up about 20% as measured by the S&P 500 SPX, +0.13% Other markets did even better, with broad global funds like the Vanguard Total International ETF VXUS, +0.09% up about 25% and the popular iShares FTSE/Xinhua...Read More
Vanadium pentoxide (V2O5) and ferro-vanadium prices had a strong start to 2018 last week, with supply concerns in focus as the markets came back from the Christmas break. Chinese V2O5 prices soar with upstream constraints in focusFerro-vanadium leads the way in Europe US ferro-vanadium prices higher but spot activity 'just getting started'Vanadium prices in China jumped last week amid limited sup...Read More
(Kitco News) - Gold held by globalexchange-traded funds increased by 197.5 tonnes in 2017, a gain of 8.4%, saidthe World Gold Council in its monthly report on Tuesday.The rise last year was largelydriven by European ETFs, which represented 75% of all total inflows by adding148.6 tonnes of gold ($5.8 billion) to their holdings.In turn, the European market wasdominated by Germany. “German-list...Read More
Benchmark alumina prices fell on Tuesday January 9, with limited buying interest seen for spot cargoes in the Pacific market, despite a recovery in smelter margins.Metal Bulletin's daily fob Australia alumina index was calculated at $390.43 per tonne on Tuesday, down from $393.36 per tonne the previous day.Market participants foresaw a price floor for the raw material last week, citing stronger al...Read More
Rise Gold (CSE:RISE) has released the assay results of the first drill hole completed at the Idaho-Maryland project in California. This hole was completed in 2017 and as we explained in our recently-released report, we were anxiously awaiting to see if Rise found more gold.As you might remember, this first hole was supposed to be a pilot hole, making it easier for Rise Gold to drill several holes...Read More
The metals are in the middle of a major bull-bear debate,as witnessed by the last few trading days. After breaking out on Jan. 2 andmaking recent highs on Jan. 4, metals have started to move sideways to lower.The pattern is typical of a market topping, and this should be the top in goldand silver for now. Volume also peaked on Jan. 4, giving all the indicationsthat the metals were ready to take a...Read More
CloseGain/LossGold $1314.00-$6.00Silver$17.00-$0.12XAU84.95-1.55%HUI192.30-1.33%GDM647.49-1.30%JSE Gold1286.67-32.45USD92.51+0.17Euro119.39-0.28Yen88.88+0.41Oil$62.96+$1.2310-Year2.548%+0.069T-Bond150.21875-1.50Dow25385.80+0.41%Nasdaq7163.58+0.09%S&P2751.29+0.13% The Metals: Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended...Read More
Chinese ferro-silicon prices continued to soften over the past week amid operational restarts in the country's Ningxia province, while the European market reached new highs on tightened supply. Chinese domestic prices edge lower amid production restarts Chinese exporters drop offers amid lack of buying interest European market realizes new highs on thin supplyUS spot market falls dormant, prices o...Read More
The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More
Vanadium pentoxide (V2O5) and ferro-vanadium prices had a strong start to 2018 last week, with supply concerns in focus as the markets came back from the Christmas break. Chinese V2O5 prices soar with upstream constraints in focusFerro-vanadium leads the way in Europe US ferro-vanadium prices higher but spot activity 'just getting started'Vanadium prices in China jumped last week amid limited sup...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
(Kitco News) - Gold prices are solidly lower and trading near the dailylow in mid-morning action Tuesday. Early losses were extended when the U.S.stock market opened at new record highs, to continue to keep investor interestless keen on the safe have gold and silver markets. Also, the U.S. dollar index is rallying early this week, which is another negative outside-market elementworking against the...Read More
* Euro views underline policy differences in centre-right* Centre-right bloc seen winning most seats in March 4 vote* 5-Star says leaving the euro is no longer party policy (Adds comments from 5-Star leader)By Gavin JonesROME, Jan 9 (Reuters) - Silvio Berlusconi said on Tuesday that Italy must not leave the euro but his main coalition partner immediately disagreed, underlining policy differences i...Read More
Chinese ferro-silicon prices continued to soften over the past week amid operational restarts in the country's Ningxia province, while the European market reached new highs on tightened supply. Chinese domestic prices edge lower amid production restarts Chinese exporters drop offers amid lack of buying interest European market realizes new highs on thin supplyUS spot market falls dormant, prices o...Read More
Shares of Invictus MD Strategies Corp. (TSXV:IMH) climbed on Monday after announcing a LOI to increase its ownership interest in AB LaboratoriesSmallCapPower | January 9, 2018: Invictus MD Strategies Corp. (TSXV:IMH), a platform for licensed cannabis producers in Canada, announced Monday that it has inked a Letter of Intent (LOI) to increase its ownership interest in AB Laboratories Inc., an Ontar...Read More
Auger drilling at the Bondoukou project northeast C??te d'Ivoire, West Africa. Photo courtesy Awale Resources Ltd.Shares of West Africa-focused Awale Resources Ltd. [ARIC-TSXV) began trading on the TSX Venture Exchange January 8, 2018.Built on assets that were spun out when Mariana Resources was acquired by Sandstorm Gold Ltd. [SSL-TSX, SAND-NYSE] in July 2017, Awale is actively exploring for gold...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Adds closing prices, trader comment)By Pratima DesaiLONDON, Jan 9 (Reuters) - Zinc prices hit their highest in more than a decade on Tuesday as investors anticipating another year of shortages and falling inventories bought the metal used to galvanise steel.Traders said funds taking profits on long positions -- bets on higher prices -- weighed on pric...Read More
The 440 portal at the Snip Mine in the Golden Triangle of northwest British Columbia. Source: Skeena Resources Ltd.Skeena Resources Ltd. [SKE-TSXV] has released more impressive results from underground drilling at the company's flagship Snip gold project located in northwest British Columbia's fabled Golden Triangle. The 2017 underground drill program wrapped up on December 16, with a total of 8,6...Read More