Recent News

Gold Seeker Closing Report: Gold and Silver Edge Lower in Late Trade

January 18, 2018 / news.goldseek.com

CloseGain/LossGold $1326.30-$2.70Silver$16.94-$0.08XAU87.57-1.74%HUI196.54-1.77%GDM662.63-1.38%JSE Gold1309.56-3.95USD90.52-0.19Euro122.41+0.30Yen90.16+0.03Oil$63.95-$0.0210-Year2.620%+0.048T-Bond149.25-1.0625Dow26017.81-0.37%Nasdaq7296.05-0.03%S&P2798.03-0.16% The Metals: Gold fell $4.80 to $1324.20 in Asia before it chopped up to $1333.00 in late morning New York trade, but it then drift...Read More

Digital Gold Flight To Physical Gold Coins and Bars

January 18, 2018 / news.goldseek.com

- Latest bitcoin, crypto crash causes gold coin and bar demand to surge- Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%- Ripple and 'Digital gold' Bitcoin fall past key psychological price levels- $300bn wiped from cryptocurrency fortunes in just 36 hours- New research says that there is 'Price Manipulation in the Bitcoin Ecosystem'- Savvy crypto buyers converted their short...Read More

Asian Metals Market Update: January-18-2018

January 18, 2018 / news.goldseek.com

The Federal Reserve's beige book stressed on the sustained strength of the US economy. This implies quicker interest rate hikes. Gold fell as a result. To me the correction in gold and silver is a part of the impeding sharp rally. However if gold and silver fall today, then chances of $1292 and $1673 and below will be very high. Short term buyers will turn into sellers. It's a big day for gold a...Read More

Apollo-owned security firm ADT's IPO prices below target

January 18, 2018 / www.kitco.com

* IPO for ADT Corp priced at $14 per share* Target range was $17-$19* Proceeds could total $1.69 billion* ADT plans to use funds to pay down debt By Joshua FranklinJan 18 (Reuters) - U.S. security company ADT Corp , owned by private equity firm Apollo Global Management LLC , said on Thursday its initial public offering (IPO) was priced well below its expected range, signalling investors are being...Read More

Shares in Taiwan's TSMC open up 2.01 percent

January 18, 2018 / www.kitco.com

TAIPEI, Jan 19 (Reuters) - Shares in Taiwan Semiconductor Manufacturing Co Ltd opened up 2.01 percent on Friday morning.The tech giant booked better than expected fourth quarter results on Thursday. (Reporting by Taipei bureau; editing by Richard Pullin) 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...Read More

HK's Wanda Hotel halts trade pending statement on asset disposal

January 18, 2018 / www.kitco.com

HONG KONG, Jan 19 (Reuters) - Wanda Hotel Development Co Ltd said on Friday it had requested a trading halt for its shares, pending a statement regarding a "very substantial disposal" by the company.It gave no further details in its statement.Wanda Hotel, a unit of Dalian Wanda Group, said this week that it was selling its 60 percent stake in a company that owns the high-profile One Nine...Read More

Japanese marketplace app Mercari eyes Tokyo listing in June -Nikkei

January 18, 2018 / www.kitco.com

Jan 19 (Reuters) - Japanese marketplace app operator Mercari is looking at a Tokyo listing in June that could give it a market value of more than 200 billion yen ($1.8 billion), the Nikkei newspaper said on Friday.The listing had initially be slated for 2017 but was delayed due to discussions with the country's Financial Services Agency over which business category it should be placed in, the Nikk...Read More

Underground Drilling Starts at Vangold's El Pinguico Mine

January 18, 2018 / bit.ly

Vangold Mining Corp. is pleased to announce that the Phase One underground drill program has commenced on the Company's 100% owned, El Pinguico Mine, located 10km from the City of Guanajuato, Mexico. The drill program will include a minimum of 15 holes through the El Pinguico standing stock pile.Read full newsRead More

UPDATE 2-SoftBank is now Uber's largest shareholder as deal closes

January 18, 2018 / www.kitco.com

(Adds company background, comment by SoftBank executive, other details)By Heather SomervilleSAN FRANCISCO, Jan 18 (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.The deal includes a large purchase of shares...Read More

Will surge in bond yields smash gold?

January 18, 2018 / www.mining.com

Yields on U.S. Treasuries have leaped recently. It will wreck the yellow metal. Or maybe not.Yields reach new heights. Breakthrough for gold?Last week, we wrote that concerns emerged that China could stop or slow buying the U.S. Treasuries. The U.S. bond yields reacted strongly. We noted that in theory it should sink gold, but the usual "correlation between bullion and Treasury yields broke down t...Read More

China Stocks-Factors to watch on Friday

January 18, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC +0.9 pct, CSI300 +0.5 pct, HSI +0.4 pct* HK->Shanghai Connect daily quota used 10.5 pct, Shanghai->HK daily quota used 38 pct* HK->Shenzhen Connect daily quota used 4.9 pct, Shenzhen->HK daily quota used 21.2 pct* CNY official close 6.418 per dollar* FTSE China A50 +1.0 pct, BNY Mellon ADR China Select Index +0.7 pct SHANGHAI, Jan 19 (Reuters) -...Read More

UPDATE 1-U.S. fund investors pull most cash from 'junk' in 2 months -Lipper

January 18, 2018 / www.kitco.com

(Adds details on funds, analyst quote, table, byline)By Trevor HunnicuttNEW YORK, Jan 18 (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph.The junk bond withdrawals - from both mutual funds and exchange-traded fun...Read More

DIARY-Government Debt Auctions to Feb 28

January 18, 2018 / www.kitco.com

Jan 19 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 22-JanBelgium OLO auction23-JanUnited States Sale of 2-year notes23-JanSpain Auction of 3- and 9-month Treasury bills23-JanUnited KingdomAuction 0 1/8% Index-linked Treasury Gilt 202623-JanGermany Auction of 2-year Treasury notes24-JanU...Read More

DIARY-Top Economic Events to Feb 27

January 18, 2018 / www.kitco.com

Jan 19 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- FRIDAY, JANUARY 19 NASHVILLE, United States - Federal Reserve Bank of Boston President Raphael...Read More

Fed's Williams under consideration for No. 2 Fed post -WSJ

January 18, 2018 / www.kitco.com

Jan 18 (Reuters) - San Francisco Federal Reserve Bank President John Williams is under consideration by the White House for the post of Vice Chair of the Fed Board in Washington, under incoming Fed Chair Jerome Powell, the Wall Street Journal reported on Thursday, citing unnamed people familiar with the matter. A San Francisco Fed spokesman declined to comment. The Wall Street Journal said it was...Read More

EMERGING MARKETS-Chilean, Argentine equities hit record highs

January 18, 2018 / www.kitco.com

(Updates prices)SAO PAULO, Jan 18 (Reuters) - Chile's equities market hit a record intraday high on Thursday, boosted by conglomerate Copec and a better outlook for copper prices, while Argentina's stock index also rose amid heavy interest from international investors. On Wednesday, the Chilean government raised its forecast for the average 2018 price for copper , the nation's most important expor...Read More

Home security company ADT Inc's IPO priced at $14/share

January 18, 2018 / www.kitco.com

Jan 18 (Reuters) - ADT Inc, a provider of security monitoring services, said on Thursday that its initial public offering was priced at $14 per share, below the expected range of $17 to $19.The 105 million share offering raised about $1.47 billion, the company said. Even at the lower valuation, the IPO is likely one of the largest in the first part of 2018.The company's stock is expected to debut...Read More

A Tri-Star Top

January 18, 2018 / www.kitco.com

Candlestick patterns create models which are a visual representation of market sentiment as well as a forward forecasting tool. This technical approach looks at past market moves in an attempt to identify patterns that occur with regularity that can be found during various market scenarios. Continuation PatternsIn one of the pattern types identified, there are two basic classes. The first class of...Read More

A Tri-Star Top

January 18, 2018 / www.kitco.com

Candlestick patterns create models which are a visual representation of market sentiment as well as a forward forecasting tool. This technical approach looks at past market moves in an attempt to identify patterns that occur with regularity that can be found during various market scenarios. Continuation PatternsIn one of the pattern types identified, there are two basic classes. The first class of...Read More

Klondex drills 0.4 m of 141.3 g/t AuEq at Hatter Graben

January 18, 2018 / www.stockwatch.com

Mr. Mike Beckstead reportsKLONDEX CONTINUES TO UNLOCK VALUE AT HATTER GRABENKlondex Mines Ltd. has provided the final results from the 2017 surface exploration drill program at the Hatter Graben target near its Hollister mine. Initial results for the first five holes of the drill program were published on Nov. 20, 2017. Hollister is located in northern Nevada in the United States.Hatter Graben sur...Read More

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