China’s producer price index (PPI) in December rose 4.9% from the same month a year ago, higher than the expectation at 4.8%. The growth in December, however, was lower than the 5.8% seen in November.The country’s consumer price index (CPI), on the other hand, rose 1.8% in December, below the expectation at 1.9%. But this is higher than the growth in November at 1.7%.  T...Read More

(Kitco News) - Gold prices ended the U.S. session higher and hit a nearly four-month high Wednesday. Safe-haven demand for the yellow metal was featured amid a rise in world government bond yields that troubled the marketplace. A lower U.S. dollar index on this day also provided support to the precious metals. February Comex gold was last up $5.60 an ounce at $1,319.40. March Comex silver was last...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. Signet Jewellers dropped $4.62 to $51.97 after lowering its fourth quarter sales guidance.Lennar fell $1.12 to $65.55 after reporting less than consensus fourth quarter earnings. Nutrien gained $0.12 to US$52.80 after Stifel Nicolaus initiated coverage with a Buy rating.Deere improved $...Read More

   •  Gains strong traction on heavy USD supply.   •  Comments by Chinese officials weigh heavily on the USD.   •  Reviving safe-haven demand lends additional support. After an initial dip to one-week lows, gold gained some fresh traction and spiked to near 4-month tops in the past hour. The precious metal touched an intraday high level o...Read More

China’s producer price index (PPI) in December rose 4.9% from the same month a year ago, higher than the expectation at 4.8%. The growth in December, however, was lower than the 5.8% seen in November.The country’s consumer price index (CPI), on the other hand, rose 1.8% in December, below the expectation at 1.9%. But this is higher than the growth in November at 1.7%.  T...Read More

SHANGHAI, Jan 10 (SMM)? 1/4 ? SMM believes the LME zinc price may stay on its current upward-moving track with historical low inventory and demand from the reconstruction activities in the US. However, we also see irrational factors supporting the price rise and potential risks ahead.With stronger LME zinc price but a weaker SHFE contract, there is limited room for marginal supply to go lower wher...Read More

SHANGHAI, Jan 10 (SMM)? 1/4 ?Copper: There is still room for downward movement for copper prices and we see LME copper likely to trade towards the $7,000/mt level. We expect the LME contract to trade at $7,070-7,130/mt today and the SHFE contract at 54,400-54,900 yuan/mt. Spot premiums are to rise to 30-80 yuan/mt today.Zinc: LME zinc began to slip after touching $3,400/mt and we expect it to trad...Read More

Shares in gold miner Centamin (TSX:CEE) (LON:CEY) shot up more than 6% Wednesday after the company published fourth-quarter results that slightly exceeded full-year production guidance, and vowed to lift output again in 2018.The Egypt-based company generated 544,658 ounces of gold in 2017, compared to the expected 540,000 ounces. Centamin is now targeting 580,000 ounces in production for 2018, up...Read More

SHANGHAI, Jan 10 (SMM)? 1/4 ?Copper: There is still room for downward movement for copper prices and we see LME copper likely to trade towards the $7,000/mt level. We expect the LME contract to trade at $7,070-7,130/mt today and the SHFE contract at 54,400-54,900 yuan/mt. Spot premiums are to rise to 30-80 yuan/mt today.Zinc: LME zinc began to slip after touching $3,400/mt and we expect it to trad...Read More

China’s producer price index (PPI) in December rose 4.9% from the same month a year ago, higher than the expectation at 4.8%. The growth in December, however, was lower than the 5.8% seen in November.The country’s consumer price index (CPI), on the other hand, rose 1.8% in December, below the expectation at 1.9%. But this is higher than the growth in November at 1.7%.  T...Read More

LONDON, Ontario (Reuters) - Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said on Wednesday.The sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet in late January...Read More

Precious metals seem to have bottomed. We should see rising prices over the next month or so.Long term sentiment is neutral. No need to take profits.Miners and silver should now begin again to outperform gold.Gold (NYSEARCA:GLD) is bouncing this morning which could possibly mean that the complex has just printed a half-cycle low. The yellow metal has actually remained quite strong since the start...Read More

SHANGHAI, Jan 10 (SMM)? 1/4 ?Copper: There is still room for downward movement for copper prices and we see LME copper likely to trade towards the $7,000/mt level. We expect the LME contract to trade at $7,070-7,130/mt today and the SHFE contract at 54,400-54,900 yuan/mt. Spot premiums are to rise to 30-80 yuan/mt today.Zinc: LME zinc began to slip after touching $3,400/mt and we expect it to trad...Read More

(Adds Nestle, SS&C, Bayer, Galeries Lafayette, Intesa SanPaolo, Henri Selmer Paris; Updates Twenty-First Century Fox Inc)Jan 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:** Huawei Technologies Co Ltd's planned deal with U.S. carrier AT&T Inc to sell its smartphones in the United States has collapsed at the 11th hour because...Read More

Peter KrauthI couldn't be more excited for gold's potential this year.Both 2016 and 2017 were positive years for gold, despite the precious metal's price action. In fact, gold gained 6% in 2016 and doubled that with a 12.7% gain in 2017.Since mid-December, this sector has been on fire, with gold ahead nearly 6% since then. Meanwhile, gold stocks are up 10.9% as a group, and they're quickly outpaci...Read More

Published on: Jan 10, 2018 | by finfeedThe start to the New Year has been a positive one for junior gold explorer Kairos Minerals (ASX:KAI), on the back of strong drilling results at Mt York published in late December 2017.According to KAI's latest announcement, lab results from its Croydon Project have confirmed the presence of widespread gold.Following geochemical testing, KAI has reported that...Read More

I simulate a 3x daily leveraged gold fund back for 50 years.The fund performs horrifically: It is currently on a 38-year downturn and has lost as much as 99.8% of its value.Despite that, I own shares of UGLD.** This article deals with leveraged funds. Leveraged funds are not suitable for many investors. They are highly volatile, and can suffer enormous and long downswings. Please invest carefully....Read More

Millennials are finally growing up.I'm sure you've heard the stories by now. Millennials are stunted, the experts warn. They're up to their eyeballs in student loan debt. They're having trouble finding good-paying jobs. Heck, most of them are living in their parent's basements or crappy apartments.But here's the thing: many of these generalizations aren't true at all. In fact, millennials have gro...Read More

Published on: Jan 8, 2018 | by finfeedCastillo Copper (ASX:CCZ), an ASX-listed base metal junior focusing on copper, cobalt, zinc and nickel, has announced the unexpected discovery of five geological anomalies at its Cangai Copper Mine following electromagnetic surveying.The EM results indicate there are potentially significant, highly mineralised sulphides within the areas identified, and could a...Read More

I’ve seen Wall Street analysts make some bad calls before, but this one really takes the cake. They’re so far off base that even a major Wall Street firm is calling them out for being behind the curve.In a note to clients, Credit Suisse said the following:“Analysts have adjusted their 2018 forecasts by less than 2% for recent tax changes, a fraction of the likely impact.”...Read More