DAR ES SALAAM, June 15 (Reuters) - Tanzania aims to amend its tax bill to grant amnesty on interest and penalties for the next six months, hoping to improve compliance and ultimately boost revenues, Finance Minister Philip Mpango told parliament in his budget speech on Thursday.The change could have big implications for the East African nation’s largest gold miner, Acacia, which has been hit...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
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
TOKYO (Reuters) - The Bank of Japan downgraded its assessment on inflation and its governor stressed his resolve to keep the money spigot wide open, reinforcing views Japan will lag well behind its U.S. and European peers in dialing back crisis-mode policies.BOJ Governor Haruhiko Kuroda said structural changes in the economy, such as rising service-sector productivity, may be holding back inflatio...Read More
BOSTON (Reuters) - The U.S. Commodity Futures Trading Commission on Thursday urged a federal judge to conclude that an obscure virtual currency called My Big Coin is a commodity subject to its oversight, saying it is no different than precious metals like gold.U.S. Judge Rya Zobel in Boston questioned a CFTC lawyer about the extent the regulator had jurisdiction to pursue a lawsuit against the ope...Read More
BEIJING (Reuters) - China vowed on Friday to strike back quickly if the United States hurts its interests, hours before U.S. President Donald Trump was due to unveil revisions to a tariff list targeting $50 billion worth of Chinese goods.Washington and Beijing appeared increasingly to be headed toward a trade war after several rounds of negotiations failed to resolve U.S. complaints over Chinese i...Read More
BEIJING/WASHINGTON (Reuters) - The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from Beijing, several sources said.The second wave of products has been cued up as Washington prepares to announce on Friday a list of about $50 billion...Read More
After the ECB left rates unchanged on Thursday, gold took off to the upside, trading as high as $1,313 before giving back half of its gains. This morning gold is under a little pressure, which is probably a buying opportunity considering it has been trending higher since the blow-off bottom on May 14. Commodities got hammered on Thursday, especially the grains, which are getting pounded again this...Read More
After the ECB left ratesunchanged on Thursday, gold took off to the upside, trading as high as $1,313before giving back half of its gains. This morning gold is under a littlepressure, which is probably a buying opportunity considering it has beentrending higher since the blow-off bottom on May 14.Commodities got hammered onThursday, especially the grains, which are getting pounded again this morni...Read More
Even though it was closed decades ago, the Giant Mine on the outskirts of Yellowknife has left a long environmental legacy.Read full newsRead More
ST, CHARLES - Gold.Read full newsRead More
Mean reversion can be a powerful trading tool, particularly with pair trades. One Wall Street analyst said it's still too early to expect a mean reversion bump in underperforming Barrick Gold Corp (USA) ...Read full newsRead More
Barrick Gold may look cheap after its underperformance, but Morgan Stanley prefers Newmont Mining.Read full newsRead More
When the U.S. imposes sanctions on an individual, western multinationals are quick to fall into line. So if a London-listed company decides that - on reflection - they'll circumvent the ban by paying the person using a different currency, you can bet there's something interesting going on behind the scenes.The question is: What?Glencore Plc's announcement on Friday that its Democratic Republic o...Read More
When the U.S. imposes sanctions on an individual, western multinationals are quick to fall into line. So if a London-listed company decides that - on reflection - they'll circumvent the ban by paying the person using a different currency, you can bet there's something interesting going on behind the scenes.The question is: What?Glencore Plc's announcement on Friday that its Democratic Republic o...Read More
This first gram of yellowcake was produced from uranium captured from seawater with modified yarn. Chien Wai and colleagues at LCW Supercritical Technologies produced the yellowcake, a powdered form of uranium used to produce fuel for nuclear power production.?EUR?Credit: LCW Supercritical TechnologiesSEQUIM, Wash. - For the first time, researchers at Pacific Northwest National Laboratory and LCW...Read More
This first gram of yellowcake was produced from uranium captured from seawater with modified yarn. Chien Wai and colleagues at LCW Supercritical Technologies produced the yellowcake, a powdered form of uranium used to produce fuel for nuclear power production.?EUR?Credit: LCW Supercritical TechnologiesSEQUIM, Wash. - For the first time, researchers at Pacific Northwest National Laboratory and LCW...Read More
My favorite game is roulette, because I have learned to mitigate risk through diversification.Diversification is an important tool, and one that has prevented me from taking serious losses.The modern-day adage that investors should always remember is "to protect your hard-earned principal at all costs".Today I'm writing on the gaming REITs, a sector that doesn't get a lot of attention but could pr...Read More
* Spot gold hits lowest since Dec. 26 * Trump imposes tariffs on $50 bln of Chinese goods * Palladium headed for first weekly decline in four (New throughout, updates prices, market activity and comments;adds second byline and NEW YORK dateline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, June 15 (Reuters) - Gold prices slumped toa 5-1/2-month low on Friday, as investors from China jitteryab...Read More
Barrick Gold may look cheap after its underperformance, but Morgan Stanley prefers Newmont Mining.Read full newsRead More