Freeport-McMoRanInc. (NYSE: FCX) reports net income of $556 million, or 38 cents per share, inthe third quarter, roughly double $280 million, or 19 cents, in the same perioda year ago. Excluding special items, third-quarter adjusted net income was $514million, or 35 cents a share, the company reports. Third-quarter copper salesof 1.04 billion pounds were 8% higher than the July estimate of 970 mil...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
Tuesday saw gold make an attemptto break out above our resistance level of $1,240, trading as high as $1,243before failing and closing below. As we wrote on Tuesday, we expected the firstrun at $1,240 to fail, and it did.The good news -- gold continuesto make higher lows. The next test of $1,240 should create a breakout to theupside, taking us to our next target of $1,275. At the same time, silver...Read More
Tesla Inc Chief Executive Elon Musk put electric heavy commercial trucks on the ...Read full newsRead More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Just the numbers coming out of China should be cause for concern for Beijing energy planners...Read full newsRead More
(Removes erroneous reference to price in paragraph 2) * All six LME industrial metals fall * Zinc touches 3-week high on supply fears * Zinc deficit grows to 76,200 tonnes in August-ILZSGBy Peter HobsonLONDON, Oct 24 (Reuters) - Industrial metals prices fell onWednesday, pushed lower by a stronger dollar and losses onglobal stock markets that reflected a lack of appetite for riskyassets, though zi...Read More
"Aussie dollar gold price near A$1730/oz, the highest level since July https://t.co/eZnTIAUWpK"Read full newsRead More
It's rare to see the VIX and SPX both higher year-to-date this late in the yearAfter yesterday's down day, the S&P 500 Index (SPX) is positive on the year by over 2%. The Cboe Volatility Index (VIX), however, has nearly doubled. The VIX is the 30-day implied volatility of the S&P 500 and it usually moves in the opposite direction as stocks. For each year since 1990 (the first year we have VIX data...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More
Christopher Lewis20 hours agoSilver markets broke higher during the trading session on Tuesday, breaking above the 50 EMA. At this point, it looks as if the market is probably going to try to reach the $15 level which I see as a massive barrier. Gold markets have already turned higher and above the 50 EMA, and it looks as if silver is trying to do the same thing. However, I recognize that the $15...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company cut its silver production target for 2018 for a second time and posted lower-than-expected output in the third quarter, due mainly to weak ore grades at two of its mines.The company, which is the world's largest primary silver producer and Mexico's second largest gold miner, revised silver ou...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company cut its silver production target for 2018 for a second time and posted lower-than-expected output in the third quarter, due mainly to weak ore grades at two of its mines.The company, which is the world's largest primary silver producer and Mexico's second largest gold miner, revised silver ou...Read More
* Plans to modestly increase holdings of JGBs after Y700 blnbuy * To shift from Treasuries to U.S. corp bonds, euro debt * Plan to raise holdings of foreign bonds without FX-hedging * Plans to increase holdings of foreign stocks, including PE (Adds details)By Tomo UetakeTOKYO, Oct 24 (Reuters) - Nippon Life Insurance Co plans to modestly increase its holdings of Japanesegovernment bonds in the six...Read More
Published 22 Hours AgoUpdated4 Hours AgoReuters Gold fell on Wednesday, pressured as a rising dollar spurred investors to take profits after tumbling stocks ushered the metal to a more than three-month peak in the previous session.Spot gold was up 0.17 percent at $1,232.11 an ounce . U.S. gold futures settled at $1,231.10 per ounce, down $5.70. On Tuesday, the precious metal touched its highest si...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to report on the success of the updated loyalty programs implemented by the Company earlier this month. In addition to these programs, Peekaboo Beans has noted a significant increase in influencer activity on Instagram and Facebook.Following the launch of these programs, the Company rec...Read More