The search for directioncontinues in gold as the metal stays in a range between $1,305 and $1,328. Theprecious metal is still preparing to make a big move, and the inability tobreak out over $1,330 on a weekly chart suggests that prices will be headedlower before they go higher. This consolidation patterncan last for an extended period of time and although a big move is coming, it'snot imminent. C...Read More
Analysts see gold at $1,400 and copper hitting $8,000Weak dollar, stretched stocks, falling bonds spell gainsWhere to Make Big Money in Commodities, EnergyThe stage may be set for commodities to extend their stellar gains, according to Bank of China International analysts.By the fourth quarter copper will average $7,500 a ton and gold $1,400 per ounce, they wrote in a note this week, as financial...Read More
Global Blockchain Technologies Corp. (TSXV:BLOC) has invested $2.0 million by subscribing for all 8.0 million KodakCoins that were available in the pre-ICO StageSmallCapPower | January 11, 2018: Global Blockchain Technologies Corp. (TSXV:BLOC) is starting to make some waves in the emerging Canadian Blockchain space with two strategic investment announcements over the past couple of days.On January...Read More
* ECB hints at tighter monetary policy* Dollar falls on weak U.S. inflation, more jobless claims* Gold up more than $80 since mid-December (Recasts lead paragraph, updates prices; adds comment, NEW YORK to dateline)By Renita D. Young and Peter HobsonNEW YORK/LONDON, Jan 11 (Reuters) - Gold prices on Thursday approached a four-month high set on the previous day after minutes of a European Central B...Read More
The Dow Jones Industrial Average and the Nasdaq hit intraday highs on Thursday, Jan. 11, as a rebound in bond yields offset trade tensions linked to Donald Trump's warning on Nafta membership for the U.S. The Dow rose 94 points, or 0.37%. The blue-chip index was led by General Electric Co. (GE) , Boeing Co. (BA) and Caterpillar Inc. (CAT) . The S&P 500 gained 0.36%, and the Nasdaq...Read More
Turkish deep-sea scrap prices inched up with news of a fresh deal from the Baltic Sea on Thursday January 11. A steel mill in northern Turkey booked the cargo, comprising 12,000 tonnes of HMS 1&2 (80:20) at $375 per tonne, 12,000 tonnes of shredded at $380 per tonne and 4,000 tonnes...Read More
(Kitco News) - Gold prices are modestly up in early U.S. trading Thursday, supported by a weakerU.S. dollar index and by rallying crude oil prices that hit a three-year highovernight. Some chart-based buying is also featured in both gold and silverthis week, as the near-term technical postures for both markets are bullish. February Comex gold was last up $3.30 an ounce at $1,322.70. March Comex si...Read More
Annual refining charges (RCs) for imported blister copper, an intermediate product of refined copper production, have increased slightly this year while China's copper smelters are looking to import more material to fill the supply gap arising from the drastic cut in copper scrap import quotas.Expectations of rising supply have boosted RCs for imported blister copper, normally 97-99% copper conten...Read More
* Union demands 6 pct higher pay, right to shorter hours* Employers reject demand for right to reduced hours* Regional talks in Baden-Wuerttemberg due on Thursday* Union IG Metall has threatened 24-hour strikes* Germany is Europe's economic powerhouse (Adds comments after talks, opinion poll)By Ilona WissenbachBOEBLINGEN, Germany, Jan 11 (Reuters) - German labour bosses and industrial employers ag...Read More
(Kitco News) - Dell has a new initiative — mining old or broken laptops for gold and turning the recycled metal into jewelry.The tech giant wants to encourage recycling of old electronic devices and it's teaming up with actress Nikki Reed to start a new jewelry line, which will use only recycled materials for its products.Small amounts of gold can be found in any device in your home, as the...Read More
Comex copper prices inched higher Thursday January 11 morning in the US due to a weaker dollar in an overall shallow market.Copper for March settlement on the Comex division of the New York Mercantile Exchange increased 0.55 cents or 0.2% to $3.2410 per lb. The dollar has softened gradually since mid-December and was recently trading at a one-week low of 91.94 on the...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Recasts, adds closing prices, details)By Maytaal AngelLONDON, Jan 11 (Reuters) - Nickel fell on Thursday as traders took profits after pushing the metal to its highest level in 2-1/2 years in the previous session, while zinc headed towards its highest in more than a decade amid a supply crunch. Four nickel mines in the Philippines, a key nickel export...Read More
LiCo Energy Metals (TSX-V: LIC, OTCQB: WCTXF) is a grassroots Canadian company that conducts exploration for lithium and cobalt metals used in the production of lithium-ion batteries. LiCo Energy Metals has four ongoing projects in mining-friendly jurisdictions within Canada, United States, and Chile. We learned from Tim Fernback, President and CEO of LiCo Energy Metals, that their properties are...Read More
BEIJING (Reuters) - China is diversifying its foreign exchange reserves in order to safeguard their value, the country’s currency regulator said on Thursday, while dismissing a media report the government is halting or reducing its purchases of U.S. debt.Bloomberg News reported on Wednesday that Chinese officials reviewing the country’s vast foreign exchange holdings had recommended sl...Read More
Base metals prices on the London Metal Exchange are generally higher this morning, Thursday January 11, with aluminium leading the way with a 0.8% gain to $2,203 per tonne, while tin is the one bucking the trend with a 0.3% decline. Nickel prices are unchanged, while the rest are up by between 0.2% and 0.4%, with copper prices up by 0.3% at $7,169 per tonne.Volume has been average, with 6,933 lots...Read More
* Graphic: sterling and gilt yields * Graphic: World FX rates in 2017 * Graphic: Trade-weighted sterling since Brexit vote By Jemima Kelly and Saikat ChatterjeeLONDON, Jan 11 (Reuters) - Sterling slipped to a one-week low against the euro on Thursday, as the single currency soared on talk that the European Central Bank could start to change its message of expansionary monetary policy in the coming...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Stick with Our Fab Four for Continued OutperformanceSource: Fincom Investment Partners for Streetwise Reports January 11, 2018 (Investorideas.com Newswire) While miners have bounced off their December lows, what is in store for 2018? Fincom Investment Partn...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Gold in Bulgaria? Drilling Says 'Yes'Source: Streetwise Reports January 11, 2018 (Investorideas.com Newswire) It's been full speed ahead for this TSX.V-listed gold explorer in Bulgaria, and the drill bit is showing results."This is the thickest continuous d...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Mine's Updated Mineral Resource Contains Higher GradesSource: Streetwise Reports January 11, 2018 (Investorideas.com Newswire) Euro Pacific Capital reviewed the new estimated resource released by this company for its Peruvian mine.In a Dec. 21 research note...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop International Lithium (TSXV: $ILC.V) Reports $1 million Budget for the Avalonia Lithium JV, Ireland Vancouver, British Columbia - January 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC")...Read More