Like most American males, I enjoy NFL Playoff football and have been an avid New England Patriots fan since I was a kid. Weather you love them or hate them, they have provided a very well-played AFC Championship game the past seven consecutive seasons. Unfortunately for mining junkies such as myself, the game is always played on the first day of the Vancouver Resource Investment Conference (VRIC),...Read More
Like mostAmerican males, I enjoy NFL Playoff football and have been an avid New EnglandPatriots fan since I was a kid. Weather you love them or hate them, they haveprovided a very well-played AFC Championship game the past seven consecutiveseasons. Unfortunately for mining junkies such as myself, the game is alwaysplayed on the first day of the Vancouver Resource Investment Conference (VRIC),so I...Read More
Jan 26 (Reuters) - Wall Street's main indexes opened higher on Friday as gains in Intel and AbbVie following strong earnings and a slide in dollar helped investors look past weaker-than-expected U.S. economic growth data.The Dow Jones Industrial Average rose 52.02 points, or 0.2 percent, to 26,444.81. The S&P 500 gained 8.3 points, or 0.29 percent, to 2,847.55. The Nasdaq Composite added 33.94...Read More
Gold and silver are likely to draw buying on any pullbacks, says SeanLusk, director of commercial hedging with Walsh Trading. The metals are in factlower on profit-taking Friday, Lusk says. Previously, they ran up sharply thisweek on U.S. dollar weakness. “I think the uptrend continues into month end,”he says. He later adds, “These dips are going to provide a buying opportunityas...Read More
Stock futures are pointed higher this morning, setting the major market indexes up to secure their fourth straight weekly win. Intel (INTC) stock is lifting Dow Jones Industrial Average (DJI) futures, thanks to a well-received earnings report. Investors are also digesting the advance reading on fourth-quarter gross domestic product (GDP), which showed economic growth of 2.6% -- smaller than the 3%...Read More
* Q4 advance GDP estimate 2.6 pct vs est. 3 pct growth* Intel jumps after bullish forecast, upbeat earnings* Starbucks falls after sales warning* Futures up: Dow 35 pts, S&P 8 pts, Nasdaq 31 pts (Adds comment, details on GDP data, updates prices)By Sruthi ShankarJan 26 (Reuters) - Wall Street was set to open higher on Friday as investors shrugged off weaker-than-expected U.S. economic growth d...Read More
Will Dawes, chief executive of Mkango Resources Ltd. (LON:MKA) (TSX-V:MKA), tells Proactive's Andrew Scott that following recent shareholder and exchange approvals, investments totalling ?6mln (C$10.5mln) made by Talaxis Limited have been received by the rare earths explorer's subsidiaries.Talaxis has invested ?5mln (C$8.8mln) into Lancaster Exploration Limited - the subsidiary which holds the l...Read More
DAVOS, Switzerland, Jan 26 (Reuters) - Japan's central bank expects the economy to continue growing at a moderate pace and inflationary expectations are picking up slightly, Bank of Japan Governor Haruhiko Kuroda said on Friday. Speaking at the World Economic Forum in Davos, Kuroda also said the bank would continue supporting the economy with monetary easing. (Reporting by By Dmitry Zhdannikov an...Read More
Jan 26 (Reuters) - Stock futures pared gains on Friday after data showed U.S. economic growth unexpectedly slowed in the fourth quarter.Separately, President Donald Trump at Davos warned trading partners that Washington would no longer tolerate unfair trade.Dow e-minis were up 52 points, or 0.2 percent, with 33,013 contracts changing hands.S&P 500 e-minis were up 9.75 points, or 0.34 percent,...Read More
World's second largest mining company Rio Tinto (ASX, LON:RIO) has lifted force majeure on shipments of refined copper from its Kennecott unit in the U.S., 79 days after adopting the measure.The company halted production of refined copper at its smelter at the Utah-based mine on Oct. 8 after a worker was exposed to sulphur dioxide gases at the plant while removing debris from a boiler. The employe...Read More
World's second largest mining company Rio Tinto (ASX, LON:RIO) has lifted force majeure on shipments of refined copper from its Kennecott unit in the U.S., 79 days after adopting the measure.The company halted production of refined copper at its smelter at the Utah-based mine on Oct. 8 after a worker was exposed to sulphur dioxide gases at the plant while removing debris from a boiler. The employe...Read More
(Adds details, context)By Bruno FederowskiBRASILIA, Jan 26 (Reuters) - Brazil's current account deficit shrank in 2017 to a decade low, in a boost to the nation's recovery from the deepest recession in three decades.The current account deficit tightened nearly 60 percent from 2016 to $9.762 billion, central bank data showed on Friday, capped by a $4.327 billion December deficit. Economists polled...Read More
WASHINGTON, Jan 26 (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Friday he was not trying to talk down the dollar and his comments earlier this week were taken out of context, according to an interview with CNBC."I made the comment two days ago in a press gaggle in the morning. What I said was actually very even-handed and consistent with what I said before," Mnuchin told CNB...Read More
(Kitco News) - Gold and silver markets have seen some profit-taking pressure from the shorter-termfutures traders after solid gains scored earlier this week. The metals did notshow a big reaction to the just-released U.S. GDP report that was a miss to thedownside. February Comex gold futures were last down $11.80 an ounce at $1,351.40.March Comex silver was last down $0.22 at $17.395 an ounce.TheU...Read More
(Kitco News) - Gold and silver markets have seen some profit-taking pressure from the shorter-term futures traders after solid gains scored earlier this week. The metals did not show a big reaction to the just-released U.S. GDP report that was a miss to the downside. February Comex gold futures were last down $11.80 an ounce at $1,351.40. March Comex silver was last down $0.22 at $17.395 an ounce....Read More
(Kitco News) -Ordersfor durable goods in the U.S. rose in December for the fourth time in fivemonths, this time climbing by 2.9%, the Commerce Department reported Friday. Consensusexpectations compiled by various news organizations called for durables to beup by somewhere between 0.6% and 0.9%.Excludingtransportation, new orders increased 0.6%. Excluding defense, they were up2.2%. Transportation e...Read More
(Kitco News)- Gold prices, under pressure from renewed momentum in the U.S.,is relatively unchanged territory following weak-than-expected four-quartergross domestic product.Friday,the U.S. Commerce Department said that the first estimate showed that the U.S.economy grew by 2.6% in the last three months of 2017. According to consensusforecasts, economists were expecting to see growth of 3.0%. The...Read More
Swiss miner and commodities trader Glencore (LON:GLEN) has begun hiring for a number of new positions at its Lady Loretta zinc mine in Australia, which is slated to reopen in the first half of this year.Production at the Queensland-based operation was halted in 2015 because of falling zinc prices. Since then, the metal has more than doubled, so Glencore - the world's No.1 zinc producer - announce...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: 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