Recent News

RT @EdVanDerWalt: Blockchain. And diamonds. My favourite story of the day. By @tbiesheuvel

January 16, 2018 / www.bloomberg.com

The world's biggest diamond producer is turning to the technology behind bitcoin to track gems from mine to retailer.Read full newsRead More

Materials drag Australian shares to 4-week low; NZ climbs

January 16, 2018 / www.kitco.com

* Australian shares hit more than four-week low* Soft commodity prices weigh down material and energy sectors* Consumer staples drive New Zealand shares higher By Christina MartinJan 17 (Reuters) - Australian shares slumped to their lowest in more than four weeks on Wednesday, on track for a second straight session of losses, as weak base metal prices hit materials stocks, dragging down the index...Read More

Materials drag Australian shares to 4-week low; NZ climbs

January 16, 2018 / www.kitco.com

* Australian shares hit more than four-week low* Soft commodity prices weigh down material and energy sectors* Consumer staples drive New Zealand shares higher By Christina MartinJan 17 (Reuters) - Australian shares slumped to their lowest in more than four weeks on Wednesday, on track for a second straight session of losses, as weak base metal prices hit materials stocks, dragging down the inde...Read More

China Stocks-Factors to watch on Wednesday

January 16, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC +0.8 pct, CSI300 +0.8 pct, HSI +1.8 pct* HK->Shanghai Connect daily quota used 7.3 pct, Shanghai->HK daily quota used 12.6 pct* HK->Shenzhen Connect daily quota used 12.2 pct, Shenzhen->HK daily quota used 6.1 pct* CNY official close 6.4369 per dollar* FTSE China A50 +0.7 pct, BNY Mellon ADR China Select Index -1.9 pct SHANGHAI, Jan 17 (Reuters)...Read More

Rio Tinto says U.S. SEC fraud case should be dismissed

January 16, 2018 / www.kitco.com

By Jonathan StempelNEW YORK, Jan 16 (Reuters) - Rio Tinto Plc on Tuesday said a U.S. regulator's lawsuit accusing the big Anglo-Australian mining company of fraud for overstating the value of Mozambique coal assets it had bought in 2011 should be dismissed.In a letter filed with the U.S. District Court in Manhattan, a lawyer for Rio Tinto said the U.S. Securities and Exchange Commission failed to...Read More

Aben Resources to Attend 2018 Vancouver Resource Investment Conference

January 16, 2018 / bit.ly

Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2) (the "Company") is pleased to invite shareholders and the investment community to the Cambridge 2018 Vancouver Resource Investment Conference, the world's largest resource investment conference dedicated to resource exploration, on January 21st and 22nd at the Vancouver Convention Centre West Building.Read full newsRead More

UPDATE 1-Japan machinery orders rise, capex recovery seen intact

January 16, 2018 / www.kitco.com

(Adds analyst's quote, details)* Nov core machinery orders +5.7 pct m/m vs forecast -1.4 pct* Core orders +4.1 pct yr/yr vs forecast -0.7 pct* Capital spending seen firming up ahead - analyst* Govt keeps view on machinery orders, sees signs of pick-up By Tetsushi KajimotoTOKYO, Jan 17 (Reuters) - Japan's core machinery orders unexpectedly grew for a second straight month in November, posting the...Read More

DIARY-Government Debt Auctions to Feb 28

January 16, 2018 / www.kitco.com

Jan 17 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS17-Jan Japan 1-year discount bill auction17-Jan Germany Auction of 30-year Federal bonds18-Jan Japan 3-month discount bill auction18-Jan Japan Auction of 30-year government bonds18-Jan SwedenAuction of inflation-linked government bonds18...Read More

DIARY-Top Economic Events to Feb 27

January 16, 2018 / www.kitco.com

Jan 17 (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 -----------------------------------------------------------WEDNESDAY, JANUARY 17 ** UPPSALA, Sweden - Deputy Governor Henry Ohlsson will talk about the cur...Read More

NZ commodity prices tumble the most in 2 years in Dec - ANZ survey

January 16, 2018 / www.kitco.com

WELLINGTON, Jan 17 (Reuters) - Prices for New Zealand's main commodities slumped 2.2 percent in December, the largest decline in two years, ANZ Bank's commodity price index showed on Wednesday.The fall was led by prices for dairy, which dropped 5.6 percent. Non-dairy commodities also struggled, slipping 0.4 percent.The monthly fall was the third in a row and the largest since commodity prices bega...Read More

Time to own gold: Sharps Pixley

January 16, 2018 / www.mining.com

Even though it sees only minor gains for gold in 2018, with average prices rounding $1358 an ounce, bullion trader Sharps Pixley says it is important to add the yellow metal to one's assets. "Why so?," the company's CEO Ross Norman writes in a press release. "2016 and 2017 saw gold higher on strong spec buying in Q1, taking the market above the level of most physical buyers, before retracing in Q4...Read More

RT @DanWilliams: Iran's leader accuses Saudis of 'treason' against Muslims

January 16, 2018 / reut.rs

Iran's supreme leader accused Saudi rulers on Tuesday of committingRead full newsRead More

Japan Nov core machinery orders up 5.7 pct mth/mth -govt

January 16, 2018 / www.kitco.com

TOKYO, Jan 17 (Reuters) - Japan's core machinery orders rose by 5.7 percent in November from the previous month, Cabinet Office data showed on Wednesday, underlining a steady pickup in capital expenditure.The rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with a 1.4 percent drop expected in a Reuters poll o...Read More

RT @TimesofIsrael: Iran's Khamenei urges Israel's 'defeat,' accuses Saudis of 'treason'

January 16, 2018 / www.timesofisrael.com

Supreme leader calls on Muslim countries to rally behind 'totally ignored' PalestiniansRead full newsRead More

Australian consumer sentiment rises to 4-yr high in Jan-survey

January 16, 2018 / www.kitco.com

SYDNEY, Jan 17 (Reuters) -A measure of Australian consumer sentiment rose in January for a second month to its highest in four years, adding to recent signs that households were ready to spend more followinga long period of reticence. A Melbourne Institute and Westpac Bank survey of 1,200 people published on Wednesday said its index of consumer sentiment rose 1.8 percent in January from December w...Read More

Gold Continues Its Climb to Higher Pricing

January 16, 2018 / www.kitco.com

Gold pricing continues its historic climb to higher prices, gaining yet more value in today's trading. As of 4:30 PM Eastern standard time, gold futures are trading $4.10 (+0.31%) higher at $1339. Gold continues to ride the tailwinds created from a tumbling U.S. dollar, which is currently off by over a half percent today as it broke below the major support level of 91 on the dollar index. Our tech...Read More

Gold Continues Its Climb to Higher Pricing

January 16, 2018 / www.kitco.com

Gold pricing continues its historic climb to higher prices, gaining yet more value in today's trading. As of 4:30 PM Eastern standard time, gold futures are trading $4.10 (+0.31%) higher at $1339. Gold continues to ride the tailwinds created from a tumbling U.S. dollar, which is currently off by over a half percent today as it broke below the major support level of 91 on the dollar index. Our tech...Read More

EMERGING MARKETS-Brazil stocks hit all-time highs on economic outlook

January 16, 2018 / www.kitco.com

(Updates prices, adds details from Mexico)By Bruno FederowskiBRASILIA, Jan 16 (Reuters) - Brazilian stocks on Tuesday edged up to an all-time high as optimism over the nation's economic prospects kept an early-year rally alive.The benchmark Bovespa stock index closed up 0.1 percent at 79,831.8, after earlier breaching the 80,000 mark for the first-time ever to hit 80,246.331.Demand for Brazilian a...Read More

UPDATE 1-South32 Q2 coking coal output falls 43 pct as mine outage weighs

January 16, 2018 / www.kitco.com

(Adds background on mine outage, manganese forecast)Jan 17 (Reuters) - Mining group South32 Ltd said on Wednesday its second-quarter metallurgical coal output dropped 43 percent due to an outage at its Appin mine in Australia, while raising its full-year output forecast for South African manganese operations.Production of coal used in steelmaking fell to 788,000 tonnes in the December quarter fro...Read More

Gold marks time as investors weigh stock market risks

January 16, 2018 / www.fxstreet.com

Apart from the crypto carnage today and news of the Dow’s fastest 1000-point rally in history, there hasn’t been an awful lot happening in other markets today, with the major FX pairs and gold being fairly stable. The main news was from the UK this morning, where inflation eased slightly for the first time since June. But at a good 3.0%, the Consumer Price Index (CPI) still remains a w...Read More

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