NEW YORK, Jan 17 (Reuters) - The dollar held its earlier gains versus a basket of currencies on Wednesday as stronger-than-forecast data on domestic industrial output in December supported the notion of a steady U.S. economic expansion. At 9:27 a.m. (1427 GMT), the index that tracks the greenback against six other major currencies was last up 0.27 percent at 90.639. It fell to a three-year low ear...Read More
One day after the Dow Jones Industrial Average (DJI) took a brief trek north of 26,000 for the first time ever, futures on the blue-chip index are signaling a triple-digit jump out of the gate. Financial earnings continue to be in focus, with Goldman Sachs (GS) stock lower in pre-market trading after the big bank posted its first quarterly loss in six years, though profit beat on an adjusted basis...Read More
The U.S. dollar index is stabilizing Wednesday, afterfalling to a three-year low, but, Lukman Otunuga, research analyst at FXTM,questions whether this is the start of a new uptrend. “Heightened politicaluncertainty in Washington is likely to weigh heavily on the Dollar and may fuelthe downside,” he says. “Dollar bulls are clearly struggling to find freshinspiration from Fed hike...Read More
(Refiles to fix typo in 8th paragraph)* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 17 (Reuters) - The euro fell nearly half a percent on Wednesday after rocketing to a fresh three-year high above $1.23 as some investors ramped up bullish bets about the currency, though concerns voiced by policymakers this week damped broader optimism.Reflecting the apparent disquiet among som...Read More
(Kitco News) - Gold continues to consolidate,awaiting further signals on the direction of the dollar. Recent comments by BOJand ECB officials on concerns around the strengthening of the yen and euro againstthe dollar have created a pause in the dollar weakness. Yesterday's reversal inthe Dow from an opening 200 plus point gain to a negative close is alsocreating speculation that the equity market...Read More
(Kitco News) - Gold pricesare just a bit lower in early U.S. trading Wednesday, on some minorbacking and filling on the charts after prices scored a four-month high onTuesday. February Comex gold was last down $1.40 an ounce at $1,335.60. March Comex silver was last up $0.021 at $17.21 an ounce.Goldand silver market bulls are still sitting comfortable, amid their positivechart postures, a deprecia...Read More
SASKATOON, SK--(Marketwired - January 17, 2018) - Winter Exploration ProgramUEX Corporation (TSX: UEX) (OTC PINK: UEXCF) (FRANKFURT: UXO) ("UEX" or the "Company") is pleased to announce that the Company plans to spend $1.5 million drilling its 100% owned West Bear Cobalt-Nickel Prospect located on the Hidden Bay project, immediately east of the West Bear Uranium Deposit ("WBU Deposit"). The drill...Read More
Once again, the master manipulators, better known as theFederal Reserve, are manipulating dollars to try and keep interest rates low.They are scared to death that rates will get away from them, as they have everytime. They have tried to control and keep them artificially low.The entire QE program has been a debt building bust, fromBernanke through Yellen and there are no real changes expected. The...Read More
Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers, has begun offering early and voluntary retirement to at least 130 of its 1,700 workers, Xinhua reports.According to the agency, the move seeks to ensure the sustainability of Namdeb land-based operations, which is facing potential sales, Mineworkers Union of Namibia Oranjemund branc...Read More
Presidential candidate for the conservative National Integration Party (PIN in Spanish), Diego Castro, caused controversy in Costa Rica after he called environmentalist groups "eco-terrorists."Castro, who has been compared by local media to Donald Trump and Rodrigo Duterte, as well as accused of right-wing populism, said that if he wins the election, he would not yield to ecologists' "petty demand...Read More
Presidential candidate for the conservative National Integration Party (PIN in Spanish), Diego Castro, caused controversy in Costa Rica after he called environmentalist groups "eco-terrorists."Castro, who has been compared by local media to Donald Trump and Rodrigo Duterte, as well as accused of right-wing populism, said that if he wins the election, he would not yield to ecologists' "petty demand...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD TARGETS HIGHER PRODUCTION, IMPROVED UNIT COSTS IN 2018 GUIDANCE, ANNOUNCES NEW SHAFT PROJECT FOR MACASSAKirkland Lake Gold Ltd. has provided the company's full-year guidance for 2018, which includes increased production, improved unit costs, andhigher levels of capital and exploration expenditures in support of the company's objective of growing annual...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD TARGETS HIGHER PRODUCTION, IMPROVED UNIT COSTS IN 2018 GUIDANCE, ANNOUNCES NEW SHAFT PROJECT FOR MACASSAKirkland Lake Gold Ltd. has provided the company's full-year guidance for 2018, which includes increased production, improved unit costs, andhigher levels of capital and exploration expenditures in support of the company's objective of growing annual...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
Stocks have shot higher to begin 2018. The S&P 500 Index (SPX) is up nearly 4% in the first 10 trading days of the year, giving it its best start since 2003. This is a good sign based on the popular January Barometer, which asserts that no matter how January fares, the rest of the year will follow. Below, I run the numbers for the January Barometer and break them down to relate to the current trad...Read More
TORONTO, ONTARIO--(Marketwired - Jan. 17, 2018) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) is pleased to announce the details of its CAD$16.7 million (Denison's share) exploration and evaluation budget for 2018. The budget will be mainly focused on the Company's high priority projects, namely Wheeler River, Waterbury Lake and Hook-Carter, each of...Read More
Australia's Lucapa Diamond (ASX:LOM) has discovered more large diamonds at its prolific Lulo project in Angola, including a 43-carat yellow stone, the largest coloured gem-quality rock ever recovered at the mine.The company also found a 116-carat low-quality diamond, the tenth +100 carat stone recovered from Lulo since mining operations began two years ago. It's also the second +100 carat rock re...Read More
Australia's Lucapa Diamond (ASX:LOM) has discovered more large diamonds at its prolific Lulo project in Angola, including a 43-carat yellow stone, the largest coloured gem-quality rock ever recovered at the mine.The company also found a 116-carat low-quality diamond, the tenth +100 carat stone recovered from Lulo since mining operations began two years ago. It's also the second +100 carat rock re...Read More
Saudi Arabia's cabinet has welcomed a UN report detailing Iran's violation of an embargoRead full newsRead More
SANTIAGO, Jan 17 (Reuters) - Chile's state copper commission, Cochilco, on Wednesday raised its estimated 2018 average price for the metal to $3.06 per pound from its previous forecast of $2.95 per pound, pointing to the potential for global supply disruptions in the coming year.Cochilco Vice President Sergio Hernandez cited a "perception of vulnerability" that he attributed to the large number of...Read More