Candelaria Mining: Developing Quality Gold Mines in MexicoRead full newsRead More
Recent price action in Gold and gold stocks suggests the worst of the correction is over. Gold has broken above initial resistance ($1835/oz), and gold stocks have shown sustained follow-through after registering an extreme oversold condition. However, Gold has only broken out of a 5-month base, and a confluence of massive resistance is looming at $1900. Technically, on the daily chart, it needs t...Read More
As the 26th UN Climate Change Conference wraps up, ESG is becoming an increasing driver in how companies operate, leading them to buy credits to offset their current carbon emissions as they target sustainable reduction of greenhouse gases. The voluntary carbon credit market has hit all times high in volume, and is on track to be worth a billion dollars in 2021. "There are many high value carbon c...Read More
Kitco MEDIA ? The Metals, Money, and Markets Weekly by Mickey Fulp - November 12, 2021Join The Mercenary Geologist Mickey Fulp and Trevor Hall of Mining Stock Daily every Friday afternoon for a recap of metals, money, and markets. Each episode provides commentary on performances and a look ahead to next week's markets. You can listen to the weekly wrap exclusively at Kitco.com. We trust you will...Read More
We made it through October.It wasn't so bad, right?Fed Chair Jerome Powell spoke Wednesday about the economy, saying we need to remain humble and understand the world is still very COVID-affected. He also wants to see further development in the labor market before making any decisions about raising interest rates, as the U.S. reaching "maximum employment" would trigger such increases.So strong job...Read More
(Kitco News) After a solid breakout above $1,850 an ounce, gold could be ready for even bigger gains. But first, the precious metal must breach this level, according to analysts.Inflation accelerating to three-decade highs in the U.S. has pushed investors towards gold, with the precious metal up nearly 3% on the week and December Comex gold futures last trading at $1,865.90."It is all about inflat...Read More
(Kitco News) - Sentiment in the goldmarket has turned significantly bullish as the precious metal sees its bestweekly gain in six months. This week gold pricesbroke their current downtrend. They pushed to a five-month high as inflationfears flooded back into the market after the U.S. Consumer Price Index showedan annual rise of 6.2%, the highest reading in more than 30 years. "A lot of invest...Read More
Everyone who has bought anything in the lastyear knows that inflation is real. However, this week we found out just how badit is.Wednesday, theU.S. Consumer Price Index saw an annual rise of 6.2%, the highestlevel in more than three decades. And while the idea that prices are risingisn't new, according to some economists and market analysts, the fear is thatthe U.S. central bank is losing control...Read More
While gold has traded to a higher high, a higher low, and higher close than yesterday, the key is that it has been consolidating right beneath a critical area of resistance. The price point that I’m speaking about is the 78% Fibonacci retracement that occurs at $1867.50. The data set used for this Fibonacci retracement set begins at $1920, the highs that occurred in gold during the first wee...Read More
Fiscal policy is going to have a direct impact upon inflation, according to Ronald-Peter Stoeferle.Stoeferle spoke to Kitco on Friday. He is managing partner at Incrementum AG."I think we should focus less on what the central banks are doing, and we should focus more on what fiscal policy is," said Stoeferle. On Monday President Biden signed a $1 trillion infrastructure bill."I think we should fo...Read More
Bitcoin, stocks, and gold are all poised for major moves, but not all moves will be equal. Gareth Soloway, chief market strategist at InTheMoneyStocks.com discusses with David Lin, anchor for Kitco News, which of these assets are most likely to breakout to the upside. While Bitcoin has breached new all-time highs in recent weeks, it is still struggling to break a double top. In the past bull cycle...Read More
The newsheadlines this week, along with the rising gold price, is implying investorsacross the globe have finally accepted that inflation will continue to run hot.Despite the best efforts by central banks to convince them that surging pricesof most everything is transitory, December Gold futures are headed for their biggestweekly gain in six months. The gold price has also moved sharply above both...Read More
Prices for aluminium primary foundry alloy (PFA) in Europe and the US were steady, with global silicon prices starting to ease during the last few weeks.Fastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at $800-900 per tonne on Friday November 12, flat at a record high from the previous assessment, on October 8.Fastmarkets' monthly aluminium primary fou...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Damian Courvalin, Head of Energy Research at Goldman Sachs was recently interviewed on Bloomberg television and he had some bullish comments on gold.He kicked off the interview by saying, Ove...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -After spending the morning in negative territory, gold pricesare once again on the move higher, getting a boost following weaker thanexpected U.S. consumer sentiment data.Friday, preliminary data from t...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices arelower again in early U.S. trading Friday, on what is still just a normalcorrective pullback after prices hit a record high earlier this week. A priceuptrend remains in pla...Read More
Nornickel has said no ship was late bringing nickel to the United States last week, refuting reports in the market that such a delay was the reason for US nickel premiums reaching new heights earlier this week.Some sources had said that a vessel delay had triggered short covering by customers who bought nickel briquette in a 41% higher range in the week to Tuesday, November 9. "All deliveries have...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Silver has pulled back 1.23% in the European session as the market seems to be taking stock following the recent moves higher in precious metals. The price is now at the $25/oz psychological level...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are lower in early U.S. trading Friday, on normal downsidecorrections and some chart consolidation following recent good gains that thisweek pushed prices to multi-month highs. Bu...Read More