Recent News

In break from past, U.S. gun stocks slide after mass shooting

February 28, 2018 / www.kitco.com

By Noel RandewichSAN FRANCISCO, Feb 28 (Reuters) - For years, the shares ofgunmakers have tended to climb in the wake of mass shootings,but the second-deadliest shooting at a public school in U.S.history may have changed that.Since the killing of 17 students and staff at MarjoryStoneman Douglas high school in Parkland, Florida, on Feb. 14,there has been an outpouring of calls for gun control measu...Read More

China Stocks-Factors to watch on Thursday

February 28, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -0.9 pct, HSI -1.4 pct* HK->Shenzhen Connect daily quota used 1.9 pct, Shenzhen->HK daily quota used 8.2 pct* CNY official close 6.324 per dollar* FTSE China A50 -1.6 pct, BNY Mellon ADR China Select Index -0.2 pctSHANGHAI, March 1 (Reuters) - Following is a list of recent corporate and policyannouncements, as well as other news that m...Read More

BUZZ-Australia's MG Unit Trust falls after regulator delays Saputo-Murray Goulburn deal

February 28, 2018 / www.kitco.com

** Shares of dairy firm Murray Goulburn's funding vehicle MGUnit Trust falls as much as 5.3 pct to A$0.8, itslowest since Dec 14** Australian Competition & Consumer Commission (ACCC)raises concerns about Canadian cheese maker Saputo Inc's proposed buy-out of co** ACCC flagged concerns that deal would ultimately lead tolower prices being paid to dairy farmers in a region of Victoriastate ** Sto...Read More

BUZZ-COMMENT-JPY at a crossroads after offshore volatility

February 28, 2018 / www.kitco.com

A sharp risk selloff overnight saw stocks, commodities, EM ETFsall lower & the JPY stronger. Analysts are suggesting a delayedreaction to Fed chair Powell's testimony on Tuesday , but it was month-end, which often results in flowsthat have to be executed to get back within prudential limits -rather than discretionary trades. CME futures have shown largeJPY shorts for some time, so trimming of...Read More

BUZZ-Australia's Mineral Resources falls most in 2-1/2 months

February 28, 2018 / www.kitco.com

** Mining infrastructure provider Mineral Resources Ltd falls as much as 9.5 pct to A$17.21, its lowest sinceFeb. 6** Stock posts its biggest intraday pct fall since Dec. 11,on track for third straight daily loss** Stock among the biggest pct losers on the S&P/ASX 200Index ** Up to Wednesday's close, stock had fallen 10.1 pct thisyear, compared with a 0.8 pct decline in the S&P/ASX 200 Ind...Read More

BUZZ-USD/SGD stalemate may resolve higher as stocks slide

February 28, 2018 / www.kitco.com

* USD/SGD stalemate may resolve higher on close above 1.3260* Risk aversion from o/n stock losses sets firm tone for USD/AXJ* Bollinger uptrend channel may lead to break of Ichimoku Cloud top* Surpassing the Cloud would also take out 1.3300 psych barrier* China Caixin PMI due later could be next market catalyst* US-China trade talks kick off today, tariffs in focus <^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

BUZZ-USD/JPY bias down on overhang of longs, risk-off

February 28, 2018 / www.kitco.com

* Combo of risk-off sentiment and JPY short overhang to weigh on USD/JPY.* Higher Fed dot plots, more than expected hikes giving market risk-off air.* From 107.68 post-Powell spike high, USD/JPY down to 106.57 yesterday.* Asia so far 106.59-71, Japan exporter/spec sell-rally strategies in again.* Option expiries mostly to upside - 107.47-50 1.16 bln, 107.60-75 705 mln.* Mega expirations next week...Read More

TABLE-S.Korea Feb exports climb for 16th straight month

February 28, 2018 / www.kitco.com

SEOUL, Mar 1 (Reuters) - Following are South Korea'spreliminary export and import figures for February, released bythe Ministry of Trade, Industry and Energy on Thursday(rounded): Feb*Jan Balance ($ billion) 3.3 3.6 Exports ($ billion)44.949.2 (pct growth vs yr ago) +4.0 +22.3 Imports ($ billion)41.645.6 (pct growth vs yr ago)+14.8 +21.1* Revised NOTES:- Exports expanded for a 16th straight month...Read More

DIARY-Government Debt Auctions to March 30

February 28, 2018 / www.kitco.com

March 1 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 1-MarSpain Bond auction 1-MarUnited KingdomAuction of 0 3/4 % Treasury Gilt 2023 1-MarJapan 3-month discount bill auction 1-MarJapan Auction of 10-year government bonds 5-Mar...Read More

BUZZ-New Zealand King Salmon Co hits near 5-mnth low on bleak profit outlook

February 28, 2018 / www.kitco.com

** New Zealand King Salmon Co Ltd falls as much as5.53 pct to NZ$1.880, its lowest since Oct. 3, 2017** "The extraordinarily hot summer has impacted the survivalrates of our King salmon, and this will be a principal factorbehind an anticipated reduction in profits for the second half"says Chairman John Ryder ** The producer of king salmon fish posts its biggestintraday pct fall since Feb...Read More

DIARY-Emerging Markets Economic Events to April 30

February 28, 2018 / www.kitco.com

March 1 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events-----------------------------------------------------------THURSDAY, MARCH 1SINGAPORE - 24th A...Read More

DIARY-Top Economic Events to April 26

February 28, 2018 / www.kitco.com

March 1 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events-----------------------------------------------------------THURSDAY, MARCH 1 ** TORONTO, Canad...Read More

Tokyo's Nikkei share average opens down 0.76 pct

February 28, 2018 / www.kitco.com

TOKYO,March 1 (Reuters) - Japan's benchmark Nikkei average opened down 0.76 percent at 21,901.13 on Thursday, while the broader Topix shed 0.78 percent to 1,754.43. (Reporting by Tokyo markets team) Keywords: MARKETS JAPAN STOCKS/OPEN Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure acc...Read More

UPDATE 2-Record lamb and butter prices drive NZ Q4 terms of trade to all-time high

February 28, 2018 / www.kitco.com

* Terms of trade rise 0.8 pct in Q4* Export jump led by record prices for lamb, butter (Adds detail on record high, economist comment)By Charlotte GreenfieldWELLINGTON, March 1 (Reuters) - New Zealand's terms of trade reached a record high in the fourth quarter of 2017 as record prices for lamb and butter exports offset a jump in the price of oil, the country's main import, official data showed on...Read More

CORRECTED-Japan Oct-Dec corporate capex up 4.3 pct year/year - MOF

February 28, 2018 / www.kitco.com

(Corrects year-on-year measure in opening pragraph to 2016 from"last year")TOKYO, March 1 (Reuters) - Japanese companies raisedspending on factories and equipment in October-December by 4.3percent from the same period in 2016, Ministry of Finance datashowed on Thursday.Excluding software, capital expenditure rose 3.1 percentfrom the previous quarter on a seasonally adjusted basis.The dat...Read More

Here's what gold is waiting for

February 28, 2018 / www.mining.com

Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pau...Read More

Preparing For A Major Low In Gold This Spring

February 28, 2018 / seekingalpha.com

Several different tools and charts suggest that a new major low for gold could be established this spring.This May, options delta and gamma are pricing in a pullback before May.Time cycle analysis suggests that a major low could occur in mid-May.Introduction Without a doubt, gold continues to be in an uptrend since late 2015. While this uptrend continues, we can expect to see higher highs and high...Read More

New Chairman Might Accelerate The Timeline Of Rate Hikes

February 28, 2018 / www.kitco.com

Yesterday’s testimony by Jerome Powell, the recently appointed chairman of the Federal Reserve, significantly underlined the fact that we are now deeply immersed in a period of quantitative normalization.In response to the economic meltdown and the recession that resulted from bank failures, an outcome of their lending practices, starting in 2008 the Federal Reserve initiated a systematic ap...Read More

Here's where major #markets, #metals and #miners are so far this morning:

February 28, 2018 / bit.ly

Tuesday was a hard day for many of the major markets, but they managed to bounce back into the green on Wednesday morning.Read full newsRead More

New Chairman Might Accelerate The Timeline Of Rate Hikes

February 28, 2018 / www.kitco.com

Yesterday’s testimony by Jerome Powell, the recently appointed chairman of the Federal Reserve, significantly underlined the fact that we are now deeply immersed in a period of quantitative normalization.In response to the economic meltdown and the recession that resulted from bank failures, an outcome of their lending practices, starting in 2008 the Federal Reserve initiated a systematic ap...Read More

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