Mr. Peter Grosskopf reportsSPROTT ANNOUNCES 2018 FIRST QUARTER RESULTS Sprott Inc. has provided its financial results for the three months ended March 31, 2018. Financial overview for the quarter ended March 31, 2018:Assets under management (AUM) were $11.6-billion as at March 31, 2018, compared with $7.3-billion as at Dec. 31, 2017.Total net revenues (net of commission expenses, trailer fees, sub...Read More
WASHINGTON (Reuters) - As U.S. President Donald Trump prepares to deliver a long-anticipated speech on Friday on curbing prescription drug costs, health industry insiders expect little in the way of policies that would hurt the drugmakers he once accused of “getting away with murder.”The speech will address the high prices set by drugmakers, rising costs for consumers and barriers to n...Read More
* Southern European debt in demand in “buy the dip” trade* Italian yields 4 bps lower, still 10 bps higher for the week* Italy’s League says leaving the euro not a priority* Draghi to speak on Friday afternoon* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Rewrites top of story)By Abhinav RamnarayanLONDON, May 11 (Reuters) - Investors bought up Italian government bond...Read More
LONDON (Reuters) - The dollar consolidated gains on Friday and is set for a fourth consecutive week of gains as markets grow optimistic about the outlook for the U.S. currency in the coming weeks despite notching up some relatively quick recent gains.While some investors have been quick to point to the widening interest rate differentials in favor of the United States as a significant factor in th...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
(Kitco News) - Wheaton Precious Metals Corp. (TSX, NYSE:WPM) late Thursday reported higher first-quarter adjusted earnings and alsoannounced a new streaming agreement with First Majestic Silver Corp.(NYSE: AG; TSX: FR).Excluding special items, adjusted net earnings were $70million, or 16 cents per share, compared with $61 million, or 14 cents, for thesame period in 2017.Net earnings were $68 milli...Read More
Yesterday we wrote that themetals were getting ready to make a big move in either direction based on thepattern that was being formed. Gold has rallied from a low of $1,304 and is nowtrading at $1,325, and silver has traded as low as $16.30, now $16.80. Has thebig move started?Both metals are approaching keyresistance levels -- gold at $1,328 and silver at $17. If they can breakthrough those level...Read More
* Banks call for visa waiver for internal staff moves * Banks seek to avoid immigration caps after Brexit* Report warns sector will suffer without access to talent(Adds comment from Home Office)By Andrew MacAskill and Huw JonesLONDON, May 11 (Reuters) - Global banks in Britain arecalling for a special work visa waiver after Brexit to preservethe City of London's standing as a top global financial...Read More
Gold held the 200 dma & March low at 1303.5/1302.5 as expected reaching targets 1315, 1318 before a high at 1322. Holding above 1318/16 is a short term buy signal targeting strong resistance at 1325/27 for some profit taking on any remaining longs. A break above 1328 however targets 1330/31 & 1333/35. Support in the 1318/14 area should hold the downside but below here targets 1310/1308 bef...Read More
Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More
JOHANNESBURG, May 11 (Reuters) - South Africa's ImpalaPlatinum is seeking tenders for the construction of atailings or waste storage facility for its Marula mine in a signof recovery for an operation which was on the verge of closuredue to community protests.The company posted an advertisement on Friday in the localMail & Guardian newspaper seeking tenders for the project. (Reporting by Ed Sto...Read More
Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More
Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More
Gold (XAU/USD) jumped to 10-day high yesterday, adding credence to long-tailed candles. Eyes gradually ascending (bullish) 100-day moving average (MA) hurdle. Having created back-to-back long-tailed doji candles at the 200-day moving average support, gold shot up to a ten-day high of $1,323 - the highest level since April 30. The yellow metal picked up a bid yesterday as the dollar index (DXY),...Read More
Chris VermeulenPosted May 10, 2018Since before the start of 2018, we have been relying on our advanced predictive modeling systems, technical analysis and our understanding of the capital markets to help our members take advantage of the incredible price swings in 2018.These charts presented below of the SPY and Transportation index should help to clear up any confusion with direction and potentia...Read More
4 Things in the Markets to Know Right Now The Dow Jones Industrial Average closed higher for the sixth consecutive day.U.S. crude oil prices rose 22 cents on Thursday, settling at $71.36 a barrel.Roku's (ROKU) Chief Financial Officer tells TheStreet's Executive Editor Brian Sozzi strong growth in the streaming industry will be the norm. Roku's earnings beat after the close on Wednesday. &nb...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
Gold continues to make higher lows, but it fell to the bottom end of its trading range.Platinum's price action looks a lot different."Rich man's gold" has been a poor performer since 2014.Fundamentals favor a rebound in platinum.Patience is a virtue, and the platinum-gold spread requires incredible fortitude.Value is often a subjective concept. What is cheap to one person may be...Read More
Investing.com - Gold prices edged up on Thursday while the dollar traded sideways.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up $1.6, or 0.12%, to $1,351.5 a troy ounce by 12:40AM ET (04:40 GMT).Meanwhile, the U.S. dollar index that tracks the greenback against a basket of six major currencies last stood at 92.93, up 0.01%.?EUR?The greenback reache...Read More
CloseGain/LossOn WeekGold $1318.90-$1.70+0.37%Silver$16.67-$0.05+1.03%XAU83.86+0.07%+1.77%HUI182.24-0.06%+0.47%GDM639.91-0.00%+1.16%JSE Gold1068.30+8.70-4.19%USD92.54-0.12-0.06%Euro119.44+0.19-0.11%Yen91.47+0.13-0.28%Oil$70.70-$0.66+1.41%10-Year2.970%+0.003+0.85%Bond143.21875+0.03125-0.22%Dow24831.17+0.37%+2.34%Nasdaq7402.88-0.03%+2.68%S&P2727.72+0.17%+2.41% The Metals: G...Read More