Debswana Diamond Company today announced that Managing Director Mr Balisi Bonyongo will retire from the business with effect from 30 November 2018, following 26 years of dedicated service to the organisation.The Shareholders of Debswana have appointed Mr Albert Milton, currently General Manager of Jwaneng Mine, to take over as the company's Managing Director with effect from 1 December 2018. The S...Read More

BRUSSELS/LONDON (Reuters) - Prime Minister Theresa May met the EU’s chief executive in Brussels on Wednesday to discuss a blueprint for Britain’s future ties, hoping to secure commitments that will appease rebels at home opposed to a Brexit draft treaty.With just over four months before Britain leaves the bloc, May’s meeting with European Commission President Jean-Claude Juncker...Read More

GENEVA (Reuters) - The United States and China clashed on Wednesday at a World Trade Organization meeting with a U.S. envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official saying it was Washington that was flouting the rulebook.U.S. President Donald Trump has outraged U.S. trading partners by erecting a tariff wall against imports of steel and a...Read More

(Reuters) - U.S. borrowers filed the fewest applications for home refinancing in almost 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said on Wednesday.The Washington-based industry group said its seasonally adjusted index on refinancing activity fell 5.0 percent to 783.7 in the week ended Nov. 16. This was the weakest readi...Read More

A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More

In his Tuesday Discovery Watch broadcast, John Kaiser sees trouble ahead for pot stocks while a seasonal buying opportunity is opening up for junior mining stocks.Click for larger (image source GT Gold)Kaiser points out that in September and October, the non-resource listings on the Venture Exchange were trading between $100 million to $200 million a day while the resource juniors were only tradi...Read More

The numbers: The U.S. economy remains on a growth path, according to an index that measures the nation's economic health, though the country's expansion is likely to moderate. The leading economic index rose 0.1% in October after 0.6% and 0.5% gains in the prior two months, the Conference Board said Wednesday. Economists polled by FactSet had forecast a 0.1% rise. The LEI is a weighted gauge of 1...Read More

(Reuters) - U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.For Louisiana farmer Richard Fontenot and his neighbors, the solution was a costly one: Let the crops rot.Fontenot plowed under 1,000 of his 1,700 soybean acres this fall, chopping plants into the dirt instead of harvesting more than $300,000 worth of b...Read More

Gold is off to a stable start to the week.Speculators turn more bearish, the CFTC shows.ETF investors become more bullish, according to Fastmarkets.The vagaries of the dollar will play a key role in gold's monetary demand.The December FOMC meeting could mark a dollar peak and an acceleration in the gold rally. Verus, Oxue ? 1/4 ?? 1/2 '? 1/2 " Moises Miranda Lopez (Saatchi Art) Introduction Welcom...Read More

* Shanghai Aluminium: https://tmsnrt.rs/2R5GRfD* Global Aluminium Output: https://tmsnrt.rs/2QW8g3uLONDON - The Shanghai aluminium price hit its lowest level since October 2016 on Wednesday.At a current 13,700 yuan per tonne the most active contract on the Shanghai Futures Exchange (ShFE) is down by 13 percent from the start of January.The London Metal Exchange aluminium price has also been under...Read More

(Kitco News) - Gold andsilver prices are posting good gains and are near daily highs inlate-morning trading Wednesday. Some chart-based buying has occurred, includingbuy stop orders being triggered in the futures markets, when both metals pushedto new weekly highs. Also, a weaker U.S. dollar index on this day is a bullish"outside market" factor working in favor of the metals market bu...Read More

GENEVA (Reuters) - The United States and opponents of President Donald Trump’s steel and aluminium tariffs both confirmed their wish to litigate on Wednesday, triggering the procedure for World Trade Organization dispute hearings, a Geneva trade official said.China, the European Union, Canada, Mexico, Norway, and Russia all confirmed they would escalate their disputes by starting adjudicatio...Read More

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

ROME, Nov 21 (Reuters) - Deputy Prime Minister Luigi Di Maio said on Wednesday the government shared the European Commission’s belief that Italy must cut its public debt, and intended to convince Brussels that the only way to do so was by supporting economic growth.“We and (the Commission) want the same thing: to reduce the debt,” Di Maio said on Facebook after the EU executive l...Read More

WASHINGTON (Reuters) - The Group of 20 industrialized nations is drafting a communique that will exclude an explicit pledge to fight protectionism, which could help avoid a repetition of friction between U.S. President Donald Trump and world leaders at last year’s summit, the Financial Times reported on Wednesday.The draft communique obtained by the FT calls for countries to keep markets ope...Read More

MYL has run into familiar resistance at its 160-day trendlineThe shares of Mylan N.V. (NASDAQ:MYL) are down 0.6% to trade at $33.70 this morning, after the drugmaker disclosed a warning letter from the Food and Drug Administration (FDA) dated Nov. 9, detailing concerns about conditions at afacility in West Virginia. Cantor Fitzgerald maintained its price target of $41, saying this is a "negative...Read More

LUSAKA - Zambia's annual copper output rose 10.4% in September to 631,359 tonnes, the central bank in Africa's second-biggest producer of the industrial metal said on Wednesday.Some mining companies operating in Zambia include NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), Canada's First Quantum Minerals, Glencore, Barrick Gold and Vedanta Resources.(By Chris Mfula;...Read More

LONDON (Reuters) - One of Britain’s biggest pension funds has joined other investors, law firms and trade bodies in raising concerns about plans to give the government more power to scrutinize takeovers and other deals on security grounds, documents seen by Reuters showed.The Universities Superannuation Scheme (USS), which owns stakes in Heathrow airport and the company behind utility Thames...Read More

(Kitco News) - Recent record-high palladium prices won’t necessarilymean increased supply since the bulk of the metal is mined alongside othermetals, meaning limited reaction to its own price picture, says Metals Focus.The consultancy said Tuesday that it looks for globalpalladium production to decline by 2% to 6.7 million ounces next year.There is an old commodity market adage saying tha...Read More

(Kitco News) - Recent record-high palladium prices won’t necessarily mean increased supply since the bulk of the metal is mined alongside other metals, meaning limited reaction to its own price picture, says Metals Focus.The consultancy said Tuesday that it looks for global palladium production to decline by 2% to 6.7 million ounces next year.There is an old commodity market adage saying...Read More