ALROSA, the world's largest diamond miner, today announced diamond sales results for October and the first ten months of 2018.In October, ALROSA Group sold $242.8 million worth of rough and polished diamonds, down 28% YoY. Rough diamond sales by value amounted to $233.9 million, polished diamond sales were $8.9 million. In October, demand for small-size inexpensive rough diamonds remained weakALRO...Read More
(Kitco News)- Goldprices remain under pressure, and are trading at session lows after producerprice inflation came in much hotter than expected last month.Friday,the U.S. Labor Department said its Producer Price Index (PPI) rose 0.6% in Octoberfollowing an increase of 0.2% in September; the data was stronger than expectedwith economists' forecasting an increase of 0.2%.CorePPI, which strips out vo...Read More
The U.S.Midterm Election ending without any surprises, and had stock prices soaringhigher on Wednesday, while gold was essentially unchanged. With equitiesbeing bid higher, gold is losing an important safety-related support with thereturn of “risk-on” among equity investors. Although theexpected results saw just a 0.12% lift in gold, the GDX sold off into the closeas most traders...Read More
Gold has come under pressure thelast few days, but from a long-term perspective, the pattern has held up andall signs point to higher prices. We can look at the trade in gold a couple ofways -- we can panic because it's down 2% from its recent highs or rejoice thatit's still 5% higher than the lows.In other words, is the glass halfempty or half full? We will choose to look at the glass half full....Read More
PretiumResources Inc. (TSX, NYSE: PVG), which operates the Brucejack Mine in BritishColumbia that began commercial production in July 2017, reports adjustedearnings rose to $26.3 million, or 14 cents per share, in the third quarter, upfrom $14 million, or 8 cents, in the same period a year ago. Net earnings were$10.7 million, or 6 cents per share, compared to a net loss of $7 million, or 4cents, a...Read More
Investors and company leaders are gearing up for the Technology and Low Emission Minerals Conference (TLEM) to be held in Perth next week, with the conference boasting an impressive line-up of emerging and established Australian battery metal companies.TLEM features companies producing from or developing projects focused on lithium, graphite, vanadium, cobalt, manganese, magnesium, rare earths and...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed lower for the first time in five sessions. Walt Disney Co. (DIS) rose 2% after the media giant's fiscal fourth-quarter earnings topped Wall Street estimates.Yelp Inc. (YELP) plunged 27% after the online review site missed analysts' quarterly revenue estimates. Wall S...Read More
Base metals on the London Metal Exchange were mostly lower at the close of trading on Friday November 9, with broad price weakness coming amid a fresh surge in the dollar index while investors heed caution over hawkish US-Sino trade relations. "Base metals are working against the strong dollar and the tightening Fed policy," SP Angel commodities analyst Sergey Raevskiy told Fastmarkets. "All the f...Read More
NEW YORK (Reuters) - The U.S. dollar rose toward a 16-month high against the euro on Friday as falling equity prices spurred a flight to quality and the U.S. Federal Reserve reaffirmed its monetary tightening stance, citing the strong U.S. economy.The S&P 500 fell more than 1 percent, with shares of large technology, industrial and material companies taking a hit as weak Chinese data and a sli...Read More
WASHINGTON (Reuters) - China’s top diplomat Yang Jiechi on Friday told reporters that Beijing’s trade war with Washington can be resolved through talks and that any ongoing conflict would hurt both countries as well as the world’s larger economy.U.S.-China trade and economic relations are “critical to the world economy,” Yang said at a news conference with U.S. Secret...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
WASHINGTON (Reuters) - White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal.“When these unpaid foreign agents engage in this kind of diplomacy, so-called...Read More
WASHINGTON (Reuters) - The United States on Friday urged China to halt its militarization of the disputed South China Sea, drawing a rebuke from Beijing for sending U.S. warships and planes close to islands claimed by China in the strategic waterway.During a round of high-level talks in Washington, the two sides aired many of their main geopolitical differences, including a bitter trade dispute, f...Read More
The London Metal Exchange has addressed a series of proposals put forward to market participants in a consultation period that began in early August, introducing key rulebook and procedural amendments in conjunction with its Strategic Pathway initiatives first introduced in 2017.Structured around key initiatives set out in 2017 to drive market growth, market feedback from the consultation has prom...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Bob Moriarty ArchivesNov 9, 2018On Friday November 2, 2018 Benchmark shares closed over $.28 for ten days in a row. As a result about 2,098,315 million warrants will have a forced acceleration or expire in a month. The exercise price is $.225 so we will have an interesting situation where those who need to sell shares in order to exercise will hold down the price artificially.It’s a hell of...Read More
WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo on Friday said significant concerns remained over China’s policies in the South China Sea.“I was clear ... that we have continued concerns about China’s activities and militarization in the South China Sea. We pressed China to live up to its past commitments in this area,” Pompeo told reporters at a news conference...Read More
NEW YORK (Reuters) - U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared.Amidst overall strong quarterly results, climbing labor costs are a growing concern, with more than a dozen companies mentioning them in conference calls so far this earnings season.That is up fro...Read More
Key data for the pricing session for the week ended Friday November 9. China Domestic ferro-chrome spot prices continued to soften slightly amid ongoing weak market sentiment. The UG2 chrome ore index dropped amid low liquidity, with buyers and sellers failing to agree a price in a falling market. The imported charge chrome...Read More