Sinking oil prices also weighed on the stock market todayThe Dow stumbled across the finish line on this quadruple witching Friday, dragged lower amid re-ignited trade war fears. The blue-chip benchmark was down 280 points at its session lows, after President Donald Trump announced additional tariffs of 25% on up to $50 billion in Chinese goods. Energy stocks were notable losers today, falling wit...Read More
Since its inception in 2014, the rise of Benchmark Mineral Intelligence as the lithium industry's reference price has been the ideal case study for how the commodities publishing industry is changing. Scandals such as libor and credit ratings fixes have brought scrutiny (and with it a police raid) on commodity price publishers. This has resulted ...Read full newsRead More
...the last 4 hours have seen around 260,000 contracts dumped through Gold futures or around $34 billion notional!Read full newsRead More
...the last 4 hours have seen around 260,000 contracts dumped through Gold futures or around $34 billion notional!Read full newsRead More
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday said he wished people would “sit up at attention” for him like North Koreans do for their leader Kim Jong Un, a quip that sparked instant outrage on social media and cable news.It was the latest example of a Trump remark about strongmen leaders - delivered in a deadpan style - to fall flat and fuel perceptions among his criti...Read More
(Reuters) - Wall Street stocks were down marginally on Friday after the United States announced hefty tariffs on Chinese imports and China vowed to respond in kind, stoking investor worries over an escalating tit-for-tat trade dispute.The S&P 500 was essentially flat and the Nasdaq and Dow were slightly lower after paring earlier losses. After a week of choppy trading, the Dow was on track to...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday said he wished people would “sit up at attention” for him like North Koreans do for their leader Kim Jong Un, a quip that sparked instant outrage on social media and cable news.It was the latest example of a Trump remark about strongmen leaders - delivered in a deadpan style - to fall flat and fuel perceptions among his criti...Read More
(Kitco News) - Silver has upside potential and could trade up to $17.92 anounce, according to one technical analyst.Boyd Baker, analyst for Ira Epstein, a division of Linn andAssociates, uses an analysis technique that his firm calls “PriceCounts”, whichutilizes the theory that the initial leg of a new price trend is “all theinformation needed to project one or more objectives in...Read More
Disappointing trial data sent drug stock AMFD lower as wellStocks are trading lower today, as China tariffs and falling oil prices weigh. A few names making big moves todayinclude Chinese streaming service iQIYI, Inc (NASDAQ:IQ),drug concern Affimed NV (NASDAQ:AFMD) and apparel stock Canada Goose Holdings Inc (NYSE:GOOS). Below, we will take a closer look at howshares of IQ, AFMD, and GOOS ar...Read More
Oil prices got clobbered ahead of next week's OPEC meetingThe S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) have both pulled back this week, failing to keep up with the red-hot Nasdaq Composite (IXIC). The tech-heavy index is about to wrap up a fourth straight weekly win, its second such streak of 2018, touching new record highs in the process. Meanwhile, the Russell 2000 Index (RUT)...Read More
NxGold Ltd. (theRead full newsRead More
BEIJING (Reuters) - China will impose an additional 25 percent tariff on 659 U.S. goods worth $50 billion, the official Xinhua news agency reported on Saturday, citing the Tariff Commission of the State Council.Tariffs on $34 billion of U.S. goods including agricultural products, autos and aquatic goods will take effect from July 6, Xinhua reported, citing the commission.Tariffs on other U.S. good...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump’s new trade tariffs will lop at most a couple of tenths of a percentage point off U.S. growth and add a similar amount to inflation, small fry for a $19 trillion economy that is experiencing its second longest economic expansion on record.On Friday, Trump imposed tariffs on $50 billion of imports from China, a move that came on top of hefty...Read More
BEIJING (Reuters) - China will impose an additional 25 percent tariff on 659 U.S. goods worth $50 billion, the official Xinhua news agency reported on Saturday, citing the Tariff Commission of the State Council.Tariffs on $34 billion of U.S. goods including agricultural products, autos and aquatic goods will take effect from July 6, Xinhua reported, citing the commission.Tariffs on other U.S. good...Read More
(Kitco News) - Last Friday we told our loyaland wonderful readers to buckle up and expect quite the ride this week -and boy was that the case.The G7, the Federal Open Market Committee, ECB, Singapore, the WorldCup....(in no particular order) all delivering significant punches andfireworks.From singer Robbie Williams flashing his middle finger on the global stageduring the World Cup opening ceremon...Read More
(Kitco News) - Last Friday we told our loyal and wonderful readers to buckle up and expect quite the ride this week - and boy was that the case. The G7, the Federal Open Market Committee, ECB, Singapore, the World Cup....(in no particular order) all delivering significant punches and fireworks. From singer Robbie Williams flashing his middle finger on the global stage during the World C...Read More
LONDON, June 14 (Reuters) - Panasonic Corp expects to more than triple its cobalt consumption in five years' time, industry sources said, even as the company aims to develop cobalt-free automotive batteries in the near future.Panasonic is the exclusive battery cell supplier for all new Tesla vehicles, including the mass-market Model 3 electric car. Sources say cobalt-free batteries are many years...Read More
In 2017, global gold mine production was a reported 3,247 tonnes with China being the largest producer.Read full newsRead More
In 2017, global gold mine production was a reported 3,247 tonnes with China being the largest producer.Read full newsRead More
LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/KILLING QE SOFTLYA three-day ECB forum on central banking kicks off on Monday in Sintra, Portugal, but under a very different backdrop to last year’s summit. The ECB has warned markets it will end its bond-buying programme by the e...Read More