(Kitco News)- Althoughgold prices are struggling to find enough momentum to push through its elevatedtrading range, one fund manager said that it wouldn’t take much to drive pricesto new multi-year highs.Ina webinar at the start of the week, Will Rhind, CEO of GraniteShares, whichmanages the new gold-backed ETF (NYSE: BAR), said that he could see gold pricespush to $1,475 an ounce if gold fo...Read More
(Kitco News) - Although gold prices are struggling to find enough momentum to push through its elevated trading range, one fund manager said that it wouldn’t take much to drive prices to new multi-year highs.In a webinar at the start of the week, Will Rhind, CEO of GraniteShares, which manages the new gold-backed ETF (NYSE: BAR), said that he could see gold prices push to $1,475 an ounce if...Read More
MEXICO CITY, March 8 (Reuters) - Mexican stocks rose and the peso currency hit an over one-week high on Thursday after the Associated Press reported that Mexico and Canada would be excluded from U.S. tariffs on steel and aluminum imports.The benchmark S&P/BMV IPC stock index was up 1.17 percent while the peso gained more than 0.4 percent to trade at 18.6295 per dollar, its strongest since Feb....Read More
SANTIAGO (Reuters) - Eleven countries including Japan and Canada signed a landmark Asia-Pacific trade agreement without the United States on Thursday in what one minister called a powerful signal against protectionism and trade wars.In Washington, U.S. President Donald Trump vowed to press ahead with a plan to impose tariffs on steel and aluminum imports, a move that other nations and the Internat...Read More
NEW YORK (Reuters) - The three major U.S. stock indexes gained ground on Thursday after a report that all countries could negotiate for exclusions from President Donald trump’s proposed metals tariffs and that Canada and Mexico could be exempted indefinitely.The Associated Press cited unnamed sources for its report less than an hour ahead of Trump’s expected announcement.“If you...Read More
NEW YORK (Reuters) - The Federal Reserve bought $3.374 billion of agency mortgage-backed securities in the week from Mar. 1 to Mar. 7, compared with $2.985 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments on the agency debt and agency...Read More
(Reuters) - The S&P 500 was roughly flat on Thursday and oscillated between positive and negative territory as investors were nervous of making bets ahead of an announcement from President Donald Trump on metal tariffs after a volatile week marked by worries about a potential trade war.Trump is expected to formalize 25 percent import duties on steel and a 10 percent tariff on aluminum at 3:30...Read More
NEW YORK (Reuters) - The White House has made preliminary plans for a meeting on Monday between rivals in the corn and oil industries to discuss potential changes to the nation's biofuels policy, two sources familiar with the planning told Reuters.Unlike previous meetings on the issue, President Donald Trump will not be in attendance, the sources said on Thursday, though agency leaders and executi...Read More
Shares in Zanaga Iron Ore Company (LON:ZIOC) dropped 15% in London on Thursday after the company detailed its change of focus to a small-scale early production operation at its flagship Republic of Congo project.AIM-listed Zanaga, worth $50m after today's pullback, announced a $1.5m agreement with Glencore (LON:GLEN) for a 2018 work program on the early production project at the property located c...Read More
The Dow was up triple digits earlier today on reports President Donald Trump will exempt Canada and Mexico from the steel and aluminum tariffs he's expected to implement later today. And while the blue-chip index has since erased these gains, the iShares MSCI Mexico Capped ETF (EWW) is keeping its head above water, last seen up 0.2% at $50.56. The fund's options pits are bustling, too, with one tr...Read More
Larry Johnson of Kennedy Ventures (LON:KENV), tells Proactive things are going well and great progress is being made on the ground at the Namibian Tantalite Investment Mine (NTI).''It's exciting ... we've done four shipments. The mine is producing very nicely.''''I'm going to continue growing this company on a global basis''.Johnson adds discussions are going well with potential additional custome...Read More
BlackBerry Ltd (NYSE:BB) stock is up 3.1% to trade at $12.89, after the company announced a licensing deal with Punkt Tronics AG. The deal is part of the company's BlackBerry Secure licensing program which lets companies use its cybersecurity technology. Meanwhile, BB call buyers have turned out in droves today.More than 48,000 calls have traded so far -- six times what's typically seen at this p...Read More
Fresh back from his trip to South Korea and the d10e conference in Seoul, TokenCommunities' Alex Lightman caught up with Proactive's Andrew Scott to discuss how 'the little guys' are leading the way in Blockchain development and its applications.In a wide-ranging discussion, Lightman touches on the exciting tie-up between Artificial Intelligence (AI) and Blockchain and the progress which is being...Read More
U.S. stocks have given back their early gains ahead of an afternoon meeting in the White House on trade and tariffs. Among the individual stocks making notable moves are mobile payments company Net Element International Inc (NASDAQ:NETE), drugmaker Immuron Limited (NASDAQ:IMRN), and tech issue Progress Software Corporation (NASDAQ:PRGS). Here's what's moving shares of NETE, IMRN, and PRGS. NETE St...Read More
Tech stocks are having quite a week, with the Nasdaq Composite (IXIC) flirting with a fifth straight win. Among individual names with notable win streaks are cloud services specialist Akamai Technologies, Inc. (NASDAQ:AKAM) and enterprise solutions firm Citrix Systems, Inc. (NASDAQ:CTXS), and both equities have remarkably cheap options at the moment.Akamai Technologies Stock Upgraded at CowenAkama...Read More
(Bloomberg) - Ghana's largest mineworkers' union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.'s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation.Gold Fields is committing "acts of corporate greed aimed at amassing huge profits at the expens...Read More
(Bloomberg) - Ghana's largest mineworkers' union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.'s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation.Gold Fields is committing "acts of corporate greed aimed at amassing huge profits at the expens...Read More
WASHINGTON (Reuters) - North Korea could buy time to build up and refine its nuclear arsenal, including a warhead able to survive re-entry into the Earth’s atmosphere, if it manages to drag out any talks with Washington, U.S. officials and experts say.Even if North Korea freezes nuclear detonations and missile tests during such talks - as South Korea has said Pyongyang offered to do - there...Read More
SANTIAGO (Reuters) - Canada ?s trade minister reiterated on Thursday the country ?s stance that it will accept no duties or quotas from the United States, speaking just hours before U.S. President Donald Trump was slated to slap new tariffs on steel and aluminum imports.“We are monitoring the situation. There is a very fluid situation. We were clear that any tariffs or quotas will be unaccep...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More