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
LONDON (Reuters) - A sense of calm returned to global markets on Thursday, as traders took a break from worrying about a global trade war and focused instead on how fast the European Central Bank will end its 2.5 trillion euro stimulus program.European [.EU] and Asian [.T] share markets edged up - the former for a fourth day - after U.S. President Donald Trump suggested he may spare some key trade...Read More
Futures on the Dow Jones Industrial Average (DJI) are trading cautiously above fair value this morning as Wall Street continues to monitor the White House's tariff plans. In a tweet this morning, President Donald Trump said he was looking forward to a 3:30 p.m. ET meeting on the subject. This comes after more than 100 Republicans from the House of Representatives signed a letter urging the preside...Read More
Asian gold-backed ETF demand on the rise along with jewelry demand.These are prime supporting factors for gold's intermediate-term outlook.Gold's immediate-term trend remains unsettled, however.Gold's 8-week trading range remained intact on Wednesday after a false breakout attempt the previous day. Despite the lack of immediate-term follow-through, however, gold's intermediate-term (3-6 mo...Read More
WASHINGTON, (Reuters) - The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labor market conditions.Initial claims for state unemployment benefits increased 21,000 to a seasonally adjusted 231,000 for the week ended March 3, the Labor Department said on Thursday. Claims dropped to 210,000 in the prior...Read More
Franco-Nevada (NYSE, TSX: FNV) reports aprofitable fourth quarter and record net income for full-year 2017. The companylists fourth-quarter net income of $43.5 million, or 23 cents per share, a turnaround from a loss of$4.5 million, in the same period a year earlier. The company lists quarterlyadjusted income of $52.1 million, or 28 cents, up from $42.9 million, or 24cents, a year earlier. The com...Read More
(Kitco News)- U.S. jobless claims have increased more than expected Thursday, the week after claims fell to their lowest point in 49 years.The latest labor market data shows that weekly jobless claims increased by 21,000 claims to a seasonally adjusted 231,000 in the week to Saturday. Consensus expectations of economists, as compiled by various news organizations, called for initial claims to be a...Read More
(Reuters) - U.S. stock index futures edged higher on Thursday as investors were encouraged by signs that President Donald Trump’s proposed hefty import tariffs on steel and aluminum could exclude some key trading partners.Markets on Wednesday fell sharply on Wednesday following the exit of Trump’s chief economic adviser Gary Cohn, but recovered after White House spokeswoman Sarah Sande...Read More
LONDON (Reuters) - Oil prices were broadly steady on Thursday but still set to slip over the week for the second time in a row against a backdrop of rising U.S. crude production and an increase in inventories.Brent crude futures LCOc1 were down 3 cents at $64.31 per barrel by 1005 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 3 cents at $61.18 a barrel.Brent was on track for a...Read More
Mr. Vincent Metcalfe reportsOSISKO ACQUIRES GOLD ROYALTY ON VICTORIA GOLD'S FULLY-FINANCED, SHOVEL-READY EAGLE GOLD PROJECT IN CANADAOsisko Gold Royalties Ltd. has signed a term sheet with Victoria Gold Corp. to acquire a 5-per-cent net smelter return (NSR) royalty for $98-million on the Dublin Gulch property which hosts the Eagle gold project located in Yukon, Canada.Eagle is a shovel-ready gold...Read More
Mr. Vincent Metcalfe reportsOSISKO ACQUIRES GOLD ROYALTY ON VICTORIA GOLD'S FULLY-FINANCED, SHOVEL-READY EAGLE GOLD PROJECT IN CANADAOsisko Gold Royalties Ltd. has signed a term sheet with Victoria Gold Corp. to acquire a 5-per-cent net smelter return (NSR) royalty for $98-million on the Dublin Gulch property which hosts the Eagle gold project located in Yukon, Canada.Eagle is a shovel-ready gold...Read More
SANTIAGO (Reuters) - Eleven countries are expected to sign a landmark Asia-Pacific trade agreement in Santiago on Thursday, as an antidote to the increasingly protectionist bent of the United States, which last year pulled out of the pact.The signing ceremony comes the day after Europe and the International Monetary Fund urged U.S. President Donald Trump to step back from the brink of a trade war...Read More
(Reuters) - U.S. health insurer Cigna Corp (CI.N) said on Thursday it would buy pharmacy benefits manager Express Scripts Holding Co (ESRX.O) for about $54 billion, the latest deal in the sector aimed at tackling soaring healthcare costs.The move follows the $69 billion merger of insurer Aetna Inc (AET.N) and drugstore chain CVS Health Corp (CVS.N) announced last December, and highlights a sector-...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.Gold f...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
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...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
Spending in mining and exploration in Canada's British Columbia saw increasing signs of life in 2017, growing for the first time in five years, according to the results of an EY survey released this week.Exploration spending increased 20% across the province in 2017, reaching $246 million, compared with $205 million in 2016. The increase was largely driven by gold exploration, which totalled $37 m...Read More
Spending in mining and exploration in Canada's British Columbia saw increasing signs of life in 2017, growing for the first time in five years, according to the results of an EY survey released this week.Exploration spending increased 20% across the province in 2017, reaching $246 million, compared with $205 million in 2016. The increase was largely driven by gold exploration, which totalled $37 m...Read More
Mr. Christian Milau reportsEQUINOX GOLD ANNOUNCES POSITIVE RESULTS FROM NEAR-MINE EXPLORATION DRILLING AT AURIZONA Equinox Gold Corp. has released positive drilling results from near-mine exploration at the company's 100-per-cent-owned Aurizona gold mine in Brazil. Broad intervals of economic grade gold mineralization, including ultrahigh-grade gold values up to 1,005 grams per tonne gold, were in...Read More