?EUR? Intervals are presented in core length; holes are generally planned to intersect mineralization as close to perpendicular to strike as possible with true widths are estimated to be 75%-85% of downhole length when hole and dips of the mineralized horizons are considered.?EUR? Assays presented are not capped. Intercepts occur within geological confines of major zones but have not been correlat...Read More
BELFAST (Reuters) - It is going to be a “very, very hard sell” for British Prime Minister Theresa May to win parliamentary backing for her emerging Brexit deal, the deputy leader of the small Northern Irish party propping up her government said on Tuesday.“The trick will be for Theresa May, can she satisfy everyone? It is going to be a very, very hard sell, I would have thought,...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump is considering removing Department of Homeland Security chief Kirstjen Nielsen and replacing chief of staff John Kelly in another shakeup of his administration, ABC News reported on Tuesday, citing multiple unnamed sources.Nielsen, a prot?(C)g?(C) of Kelly who became the secretary at Homeland Security when he left the job to become Trump’s c...Read More
The Turkish steel mills have continued their silence in the deep-sea scrap markets because of a downturn in rebar export values, sources said on Tuesday November 13.After booking two cargoes from the United States late last week, Turkish mills paused their purchases and started to watch the finished steel markets.But a couple of the latest rebar sales have indicated a decrease in prices, so the mi...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) - Gold prices aremodestly down and hit another four-week low below $1,200.00 in early U.S.trading Tuesday. The silver market fell to a two-month low overnight.Chart-based selling pressure has kicked in this week as the technical posturesfor both gold and silver have deteriorated recently. Precious metals are alsopressured by a very strong U.S. dollar on the foreign exchange market th...Read More
CALGARY - TransCanada Corp. says it doesn't know when it will be able to build its Keystone XL pipeline after a Montana judge stopped it last week but it is confident the project will make money once it is built and in service.It's too soon to say what the decision by U.S. District Judge Brian Morris last Thursday will mean to the timeline and cost of the pipeline, Paul Miller, liquids pipeline pr...Read More
The Comex copper price staged a modest recovery in the US morning on Tuesday November 13, with the dollar index showing some weakness and allowing the price to climb.The copper price for December settlement on the Comex division of the New York Mercantile Exchange recovered 1.75 cents to $2.6940 per lb.Also, renewed hopes for a US-China trade deal is lending support to the metals...Read More
* Cash zinc premium over three-month contract at one-yearhigh * Benchmark nickel hits 11-month low (Updates with closing prices)By Pratima DesaiLONDON, Nov 13 (Reuters) - Copper prices rose on Tuesday asworries about growth in top consumer China receded after areport that the country's chief trade negotiator could visit theUnited States before a meeting between the two countries'leaders.Benchmark...Read More
Last month, the general consensus was that oil prices were heading for $100 a barrel.But then the bottom fell out, and oil dropped by 20% to $60 a barrel. What happened? It was the old whipsaw.At first, investors thought Iran sanctions would go into effect and take 2.5 million barrels off the market.The sanctions did go into effect, but there were also eight country waivers that made the sanctions...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.6% on Tuesday November 13.Nickel and lead prices led with gains of 0.9%, while copper prices were up by 0.5% at $6,075 per tonne.Volume has been average with 5,328 lots traded as of 06:29am London time.Precious metals were up by an average of 0.4%, although spot gold prices lagged with a mere 0....Read More
LONDON/BRUSSELS (Reuters) - A Brexit deal is almost within touching distance, Prime Minister Theresa May’s de facto deputy said on Tuesday, as Britain and the European Union sought to avoid missing a deadline for approving the divorce.While officials choreograph the first withdrawal of a sovereign state from the EU, it remains unclear whether May can get any deal approved by the British parl...Read More
(Repeats with no changes to text)STRASBOURG, Nov 13 (Reuters) - German Chancellor Angela Merkel told the European Parliament on Tuesday that the euro zone will only work if all member states meet their treaty responsibilities as a deadline looms for Italy to re-submit budget plans to the European Union.“Our common currency can only function if every individual member fulfils their responsibi...Read More
WASHINGTON, Nov 13 (Reuters) - Italy’s fiscal stimulus plans would leave the country vulnerable to higher interest rates that could ultimately plunge it into recession, the International Monetary Fund warned on Tuesday, recommending instead a “modest” fiscal consolidation to reduce financing costs.The IMF said after an annual staff review of Italy’s economic policies that a...Read More
LONDON (Reuters) - Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, BlackRock, the world’s largest asset manager, said on Tuesday.Oil and gas giants such as Royal Dutch Shell (RDSa.AS), Chevron (CVX.N) and BP (BP.L) are generating as much cash at today’s oil prices of around $70...Read More
SINGAPORE (Reuters) - Asian leaders gathered for a summit on Tuesday amid warnings that the post-World War Two international order is in jeopardy and trade tensions between Washington and Beijing could trigger a “domino effect” of protectionist measures by other countries.Malaysian Prime Mahathir Mohamad told a business forum ahead of the summit in Singapore that other developed countr...Read More
For those investors who look to gold for inflation protection, it seems they are prone to selling gold when they believe the Fed is going to at some point start raising interest rates. On the other hand, they tend to buy gold when the Fed is expected to get looser. That is what INK has found in this month's Gold Top 20 Stock Report in looking at the relationship between forward gold prices and ou...Read More
The S&P 500 and the Nasdaq opened higher on Tuesday, boosted by a rebound in technology stocks and hopes of progress in the U.S.-China trade talks, while losses in Boeing Co (BA.N) and Home Depot Inc (HD.N) weighed on the Dow.The Dow Jones Industrial Average .DJI fell 65.97 points, or 0.26 percent, at the open to 25,321.21. The S&P 500 .SPX opened higher by 3.83 points, or 0.14 percent...Read More
The Tuesday Market Minute Global stocks rebound as the prospects of U.S.-China trade talks supports markets in Asia and Europe even as tech shares continue to weaken following last night's Apple-inspired sell off.Big tech names such as Samsung, Japan Display and Taiwan Semiconductor trade sharply lower overnight amid global tech sector weakness and the specter of higher Fed interest rates.South...Read More
* SPDR Gold Trust holdings rose on Monday * Silver touches lowest since Sept. 11 * GRAPHIC-2018 asset returns: (Recasts, updates prices and adds comments)By Sumita LayekNov 13 (Reuters) - Gold edged back above $1,200 an ounce onTuesday and was on track to rise for the first trading sessionin eight, recovering losses as the dollar paused in a rally thathad taken the currency to 16-month highs.The d...Read More