U.S. stocks are off their early morning lows, but the Dow Jones Industrial Average (DJI) is still trading firmly in negative territory. Investors continue to react to reports China may be rethinking its long-held strategy of buying U.S. debt, with the yield on the 10-year Treasury holding above the closely watched 2.5% level at last check. With the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) f...Read More

NEW YORK (Reuters) - Crude oil prices rose but backed away from multi-year highs on Wednesday after U.S. government data showed an increase in fuel inventories and a falloff in refining activity.U.S. crude inventories fell 4.9 million barrels last week, more than the 3.9-million decline forecast, but bigger-than-expected builds in gasoline and fuel stocks offset that drawdown, the Energy Informati...Read More

(Kitco News)- The world’s most famous investor doubled down on hisnegative view of bitcoin and cryptocurrencies Wednesday.In an interview with CNBC, Warren Buffett, from Omaha,Neb., said that he will have nothing to do with cryptocurrencies. In a harshrebuke of the asset class, Buffett said, “I can say almost with certainty thatthey will come to a bad ending.”He explained that he...Read More

(Kitco News) - The world’s most famous investor doubled down on his negative view of bitcoin and cryptocurrencies Wednesday.In an interview with CNBC, Warren Buffett, from Omaha, Neb., said that he will have nothing to do with cryptocurrencies. In a harsh rebuke of the asset class, Buffett said, “I can say almost with certainty that they will come to a bad ending.”He explained th...Read More

   •  Gains strong traction on heavy USD supply.   •  Comments by Chinese officials weigh heavily on the USD.   •  Reviving safe-haven demand lends additional support. After an initial dip to one-week lows, gold gained some fresh traction and spiked to near 4-month tops in the past hour. The precious metal touched an intraday high level o...Read More

LAS VEGAS, U.S. -- Panasonic will consider making batteries for Tesla's electric cars in China, Kazuhiro Tsuga, Panasonic's president, told reportersRead full newsRead More

The Democratic Republic of Congo is preparing to more than double a tax on two-thirds of global cobalt supply, potentially increasing the cost of the critical battery metal just as the world begins to embrace electric vehicles.Read full newsRead More

The Democratic Republic of Congo is preparing to more than double a tax on two-thirds of global cobalt supply, potentially increasing the cost of the critical battery metal just as the world begins to embrace electric vehicles. Congo, the world's biggest cobalt producer, will increase the royalty miners pay on exports of the metal to 5% from 2% if it opts to categorize cobalt as a "strategic subst...Read More

The U.S. stock market closed out last year with impressive gains -- a trend that was echoed in our Top Stocks for 2017. On the list of 10 names we recommended was Whole Foods Market, Inc. (WFM), which proceeded to rack up a 35.62% return after our bullish recommendation -- thanks largely to a high-profile takeover by Amazon (NASDAQ:AMZN). Here's a closer look at what put WFM on our radar, and how...Read More

WASHINGTON (Reuters) - The U.S. Federal Reserve said on Wednesday that its remittances to the U.S. Treasury for 2017 are expected to fall to $80.2 billion in part because of a rise in the interest paid by the central bank to financial institutions.In its preliminary estimate of its 2017 results, the Fed also said the interest paid by the Fed to major banks last year rose to $13.8 billion.For 2016,...Read More

The government of Boungaville, an autonomous region in Papua New Guinea, has set an indefinite freeze on plans to restart mining at one of the world's biggest open-pit copper operations, shut by a civil war in 1989.Authorities fear the reopening of Panguna mine, donated by Rio Tinto in 2016, could open old wounds, as landowners voted last month on whether or not Bougainville Copper Limited (BCL) -...Read More

The government of Boungaville, an autonomous region in Papua New Guinea, has set an indefinite freeze on plans to restart mining at one of the world's biggest open-pit copper operations, shut by a civil war in 1989.Authorities fear the reopening of Panguna mine, donated by Rio Tinto in 2016, could open old wounds, as landowners voted last month on whether or not Bougainville Copper Limited (BCL) -...Read More

Mr. Peter Tallman reportsKLONDIKE GOLD CONFIRMS 1 KM CONTINUITY, THREE MINERALIZED SUB-ZONES AT LONE STAR TARGET, YUKON Klondike Gold Corp. has released drill assay results from 22 new holes at the Lone Star target located 20 kilometres from Dawson, Yukon, within the company's 553-square-kilometre property spanning the entirety of the Klondike alluvial gold placer district.Klondike Gold's chief e...Read More

Mr. Peter Tallman reportsKLONDIKE GOLD CONFIRMS 1 KM CONTINUITY, THREE MINERALIZED SUB-ZONES AT LONE STAR TARGET, YUKON Klondike Gold Corp. has released drill assay results from 22 new holes at the Lone Star target located 20 kilometres from Dawson, Yukon, within the company's 553-square-kilometre property spanning the entirety of the Klondike alluvial gold placer district.Klondike Gold's chief e...Read More

DALLAS (Reuters) - The Federal Reserve must be wary of the “risk of overheating” the economy in the wake of sweeping tax cuts that could raise already unsustainable debt levels even while they boost business investment, Dallas Fed President Robert Kaplan said on Wednesday.“We want to avoid a situation where we have such an overheating that we’re playing catch up,” Kap...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday blasted the U.S. court system as “broken and unfair” after a federal judge blocked his move to end the program protecting young immigrants brought to the United States illegally by their parents, commonly known as “Dreamers.”The Trump administration in September announced it would rescind the Deferred Action fo...Read More

MOSCOW, Jan 10 (Reuters) - The Russian Federal Anti-Monopoly Service (FAS) said on Wednesday it is investigating the forthcoming sale of natural gas assets by Russian diamond producer Alrosa after a complaint from would-be buyer, energy giant Rosneft.Russia's largest oil producer Rosneft, run by a close ally of President Vladimir Putin, has said it was not satisfied with some terms of the sale and...Read More

Jeffrey Gundlach, the billionaire bond manager, said commodities may be one of the best investments this year as they surge during the late phase of the economic cycle.Read full newsRead More

The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets.The strength of the rebound pushed the miners well beyond their 200-day moving av...Read More

WASHINGTON (Reuters) - U.S. wholesale inventories rose slightly more than initially estimated in November, suggesting that inventory investment will probably contribute to economic growth in the fourth quarter.The Commerce Department said on Wednesday that wholesale inventories rebounded 0.8 percent after dropping 0.4 percent in October. The department reported last month that wholesale inventorie...Read More