Core Exploration Ltd (ASX:CXO) has upgraded the JORC resource estimate for its 100% owned Napperby Uranium Deposit in the Northern Territory.The new estimate of 9.54 million tonnes at 382 ppm U3O8 for 8.03 million pounds of U3O8 is an increase in both grade and contained U3O8.Notably, the Napperby deposit also includes significant vanadium mineralisation of 9.54 million tonnes at 236 ppm vanadium...Read More
NEW YORK (Reuters) - Stock markets worldwide bounced back on Friday after a multi-day sell-off but remained on track for their biggest weekly losses in months, while U.S. Treasury yields inched higher and the dollar held its gains.Wall Street rose as investors returned to technology and other growth sectors, but gains were limited by ongoing worries about U.S.-China trade tensions and rising inter...Read More
(Reuters) - Wall Street rose on Friday after a bounce in technology and other high-growth stocks led a fight back from its worst two-day slide in eight months, while early gains from strong earnings of the biggest U.S. lenders faded.PNC Financial (PNC.N) led the losses among bank stocks with a 6.3 percent drop after the regional bank reported disappointing quarterly loan growth and said it expecte...Read More
SAN FRANCISCO (Reuters) - As Wall Street steadied on Friday after its worst two-day slide in eight months, the U.S. stock market remained fragile, with nearly three quarters of the S&P 500's .SPX components in correction territory, or worse.Following Wednesday and Thursday's 5-percent rout on the S&P 500, the leading benchmark index is down nearly 7 percent from its record high close on...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
An overview of the battery raw materials markets and their price moves from the past week.Read More
DUBAI/LONDON (Reuters) - U.S. Treasury Secretary Steven Mnuchin and Wall Street banks will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after the disappearance of a Saudi journalist.Mnuchin’s plan to attend the high-profile Future Investment Initiative conference in Riyadh follows U.S. President Donald Trump&r...Read More
Movements in the prices of base metals on the London Metal Exchange were mostly upward at the close of trading on Friday October 12.This was supported by the emergence of fresh buying amid a softer US dollar index and increased market optimism about trade talks between the United States and China.Most prominent among the gains in the complex over the afternoon was the rise in the three-month lead...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher after briefly slipping into negative territory on Friday.The S&P 500 was higher on Friday after closing lower for six straight days.The Nasdaq rose 2.29%.JPMorgan Chase & Co. (JPM) fell 0.8% after rising earlier following third-quarter earnings that topped forecast...Read More
Oct 12 (Reuters) - Canadian gold miner Detour Gold Corp said on Friday that its settlement offer regarding management changes, which included a plan to appoint a new chief executive officer, was rejected by hedge fund Paulson & Co.The settlement would have resulted in almost half of its board being refreshed in six weeks, with interim CEO Michael Kenyon stepping down before the next annual gen...Read More
Fastmarkets MB rounds up some of the key news and price moves across the global metal markets this week.Base metals In breaking news this afternoon, the US Treasury Department has further extended the expiration date of general licenses relating to UC Rusal until December 12.Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at...Read More
NEW YORK (Reuters) - The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported double-digit profit growth on Friday.The results reflected an array of positive business factors for banks. Their net interest margins - the difference between what they pay on deposits and what they charge on loans - have widened. Other key busine...Read More
NEW YORK (Reuters) - The mash-up of old and new media may not be a winning combination for the new S&P communication services sector .SPLRCL as its highest fliers face regulatory threats and challenges to user growth.The reconstituted sector, which debuted at the end of September, includes telecom, internet, media and entertainment companies such as AT&T Inc (T.N), Walt Disney Co (DIS.N) a...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
NEW YORK (Reuters) - The dollar climbed on Friday against a basket of currencies as global equity prices rebounded from a six-day rout and robust Chinese export figures soothed some worries about the world’s second-biggest economy and its trade war with Washington.Euro and sterling snapped their three-day winning streak in advance of next week’s European Union summit where Britain and...Read More
* Aluminium holds above band of technical support * Shanghai zinc inventories jump 48.5 pct over two weeks (Updates with closing prices)By Eric OnstadLONDON, Oct 12 (Reuters) - Aluminium rebounded on Friday,breaking a six-session losing streak, as speculators andconsumers regarded the lower prices as good value against abackground of recovering share markets.The metal touched a two-week low on Thu...Read More
Key data for the pricing session in the week ending Friday October 12. China China's domestic spot markets for ferro-chrome and UG2 chrome ore were relatively quiet in the first week after the national holiday, which ran October 1-7. Offers for imported charge chrome rose but liquidity...Read More
Bob Moriarty ArchivesOct 12, 2018I was looking for a gold and resource shares rally starting in the Jun/July timeframe followed by a Sept/Oct crash in the general market. I suggested investors cash up in the rally with anticipation of picking up some low hanging fruit in the crash.The price of gold hit a low on August 15th as the DSI touched a low of only 6 for gold and 7 for silver marking an ext...Read More
NEW YORK (Reuters) - U.S. gross domestic product is expanding at a 2.25 percent clip in the third quarter compared with a 2.27 percent pace calculated a week ago following this week's inflation data, the New York Federal Reserve's Nowcast model showed on Friday.It projected GDP in the fourth quarter is growing at a 2.77 percent rate versus a 2.80 percent pace estimated the week before.Reporting by...Read More
Fastmarkets MB rounds up some of the key news and price moves across the global metal markets this week.Base metals In breaking news this afternoon, the US Treasury Department has further extended the expiration date of general licenses relating to UC Rusal until December 12.Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at...Read More