One in every twenty Europeans works in the automotive industry and the European Union believes that unless it catches up on battery technology, those jobs are at risk.That's why the group is planning to allow state aid for electric battery research and will offer billions to companies willing to build giant plants, it said Monday."Public investment in developing the battery industry in the EU is a...Read More

One in every twenty Europeans works in the automotive industry and the European Union believes that unless it catches up on battery technology, those jobs are at risk.That's why the group is planning to allow state aid for electric battery research and will offer billions to companies willing to build giant plants, it said Monday."Public investment in developing the battery industry in the EU is a...Read More

NEW DELHI (Reuters) - India and China launched a program on Monday to train Afghan diplomats and China’s ambassador said it would likely be followed by joint programs in other fields to help war-torn Afghanistan.Such cooperation is the first by the two Asian giants which have long been locked in a tussle for influence in a region stretching from Nepal to Sri Lanka and the island chain of the...Read More

Oct 15 (Reuters) - Kazatomprom, the world's biggest uranium producer, said it will float up to a 25 percent stake in its planned initial public offering in London and Kazakhstan, as it looks to cash in on robust demand for the rare metal.Kazatomprom accounts for 20 percent of the world's uranium production and seven years on from Japan's Fukushima nuclear disaster, the beaten down uranium sector i...Read More

Oct 15 (Reuters) - Kazatomprom, the world's biggest uranium producer, said it will float up to a 25 percent stake in its planned initial public offering in London and Kazakhstan, as it looks to cash in on robust demand for the rare metal.Kazatomprom accounts for 20 percent of the world's uranium production and seven years on from Japan's Fukushima nuclear disaster, the beaten down uranium sector i...Read More

Gran Colombia Gold Corp. (TSX: GCM) third-quarter gold outputtotaled 57,163 ounces, which was up 54% from the same period a year ago, thecompany reports. Gran Colombia also says it still expects to produce between210,000 and 220,000 ounces in 2018. For the first nine months of the year,production was 162,741 ounces, up 33% over the first nine months of 2017. Thisbrings the trailing 12-months produ...Read More

NRTI has shed 29% year-to-dateShares of NutriSystem Inc. (NASDAQ:NTRI) are suffering in premarket trading, after the weight loss company was hit with a downgrade at D.A. Davidson to "underperform" from "neutral," and a price-target cut to $28 from $40. Worth noting, the drastic price-target cut is a nearly 25% discount to the stock's Friday close at $37.10. The brokerage firm cited concern over t...Read More

   •  A subdued USD demand helps regain positive traction at the start of a new trading week.   •  Reviving safe-haven demand, amid the prevalent cautious mood, remains supportive.   •  The bullish momentum seemed rather unaffected by a modest uptick in the US bond yields. Gold caught some fresh bids at the start of a new trading week and...Read More

Gran Colombia Gold Corp. (TSX: GCM) third-quarter gold output totaled 57,163 ounces, which was up 54% from the same period a year ago, the company reports. Gran Colombia also says it still expects to produce between 210,000 and 220,000 ounces in 2018. For the first nine months of the year, production was 162,741 ounces, up 33% over the first nine months of 2017. This brings the trailing 12-months...Read More

(Reuters) - U.S. stocks were set to open slightly lower on Monday, mirroring global stocks, after growing tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs as the earnings season kicks into gear.Bank of America (BAC.N) rose 0.91 percent in premarket trading after the second-largest U.S. lender’s profit rose more than expec...Read More

(Kitco News) -First Majestic Silver Corp.’s (TSX: FR; NYSE: AG) third-quarter productionhit a company record of 6.7 million silver-equivalent ounces, which was up 69%from 4 million in the same quarter of 2017, the company said Monday.The company also announced an effort to cut costs by 20%,although specifics were not released. Officials said this was a response toweak silver prices.Total Ju...Read More

(Kitco News) - First Majestic Silver Corp.’s (TSX: FR; NYSE: AG) third-quarter production hit a company record of 6.7 million silver-equivalent ounces, which was up 69% from 4 million in the same quarter of 2017, the company said Monday. The company also announced an effort to cut costs by 20%, although specifics were not released. Officials said this was a response to weak silver prices. T...Read More

LONDON (Reuters) - World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week.Japan’s Nikkei [.T] and China’s main bourses [.SS] tumbled again overnight as trade concerns persisted, and Europe’s STOXX 600 index hit a 22-month low as U.S....Read More

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday said he has spoken with Saudi Arabia’s King Salman about missing Saudi journalist Jamal Khashoggi, and that he was sending U.S. Secretary of State Mike Pompeo to meet with the king immediately.Trump also said Salman denied “any knowledge of whatever may have happened” to Khashoggi, who disappeared after he went to the S...Read More

(Reuters) - Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.The Chapter 11 filing to reorganize debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of sto...Read More

Dow futures are below fair value but are off their earlier lowsLast week's stock market volatility looks set to continue today. While Dow Jones Industrial Average (DJIA) futures are still signaling a lower open for stocks, they're far off their lows from earlier in the morning, and it's a similar setup for the S&P 500 Index (SPX) and Nasdaq-100 (NDX). Traders are preparing for a full week of dat...Read More

The options market likely had a hand in last week's selling"It will be critical for the indexes to mount a bounce this week, as they come into the week at support levels that, if broken, could generate sell-offs like we saw in February and March."-- Monday Morning Outlook, October 8, 2018It did not take long. Major equity indices broke below support levels that I discussed last week, and the impli...Read More

On Friday we asked the question -- could the gold rally continue? The markets have spoken with a resounding yes. Gold traded as high as $1,237 this morning. The next key level to watch is $1,240. A breakout above brings $1,275 into play. The most important thing to remember now is not to chase the market higher. If you missed this rally, there will be other opportunities. Don't let the fear of mis...Read More

Editor's Note: Updating earlier story with more details from report.(Kitco News) - The headline index in the New YorkFederal Reserve's Empire State manufacturing survey climbed to a reading of21.1 in October from 19.0 the prior month.Going into the report, consensusexpectations compiled by various news organizations had been for the reading tobe roughly where it stood in September. Readings above...Read More

(Kitco News) - Gold prices edged up, trading near ten-week highs, as retail sales fell short of expectations in September. U.S. retail sales rose 0.1% in September following a downwardly revised advance of 0.1% in August, according to the latest data from the U.S. Commerce Department. Economists were expecting to see an increase of 0.7% in last month’s headline number. In an immediate reacti...Read More