* May new loans 1.15 trln yuan vs f’cast of 1.2 trln yuan* May M2 money supply up 8.3 pct y/y, vs f’cast of 8.5 pct* May TSF 760.8 bln yuan, vs 1.56 trln yuan in AprilBy Kevin Yao and Fang ChengBEIJING, June 12 (Reuters) - New Chinese bank loans unexpectedly fell in May, with credit growth slowing slightly as policymakers sustained efforts to clamp down on off-balance sheet shadow loan...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

(Kitco News)- Depending on your choice of network you can make your ownjudgment on the summit in Singapore betweenTrump and Kim. No matter what your slant, at a minimum the meeting shoulddiffuse short-term geopolitical risk betweenthe two countries. Focus is squarely on the FOMC meeting beginning today and aseries of votes in the British parliament on the proposed path of Brexit. TheFed is expecte...Read More

(Kitco News) - Depending on your choice of network you can make your own judgment on the summit in Singapore between Trump and Kim. No matter what your slant, at a minimum the meeting should diffuse short-term geopolitical risk between the two countries. Focus is squarely on the FOMC meeting beginning today and a series of votes in the British parliament on the proposed path of Brexit. The Fed is...Read More

LONDON (Reuters) - Investors are overweight U.S. equities for the first time in 15 months, Bank of America Merrill Lynch’s latest monthly survey of funds showed on Tuesday, with the United States seen as the only region with a favorable profits outlook.BAML’s June survey revealed that allocation to U.S. stocks rose 16 percentage points over the month to a net one percent overweight, wh...Read More

LONDON (Reuters) - British workers’ wages rose more slowly in the three months to April despite another surge in job creation, leaving the Bank of England still waiting for clear signs that the economy is ready for higher interest rates.In a second reading in a row to show a loss of momentum in pay, total earnings, including bonuses, rose by an annual 2.5 percent, the Office for National Sta...Read More

Silver could draw upside momentum if it can break through $17an ounce, says Commerzbank. The metal poked above its sideways corridor andthreatened $17 on Monday, analysts point out. “The technical picture here hasimproved noticeably in recent days,” Commerzbank says. “If the price were toexceed the $17 mark, this could lure in further buyers and continue the pricerise. Silver has...Read More

Silver could draw upside momentum if it can break through $17 an ounce, says Commerzbank. The metal poked above its sideways corridor and threatened $17 on Monday, analysts point out. “The technical picture here has improved noticeably in recent days,” Commerzbank says. “If the price were to exceed the $17 mark, this could lure in further buyers and continue the price rise. Silve...Read More

OTTAWA (Reuters) - U.S. President Donald Trump’s blistering attack on Canadian Prime Minister Justin Trudeau has driven bilateral relations to their lowest point in decades and left Ottawa with few options for averting a trade war with its much bigger neighbor.Trump blew apart a G7 summit in Canada over the weekend, blasting Trudeau as “very dishonest and weak” and raising the pr...Read More

(Reuters) - Iran has warned North Korea against accepting any nuclear deal with U.S. President Donald Trump, the Associated Press quoted the semi-official Fars news agency as saying.“We are facing a man who revokes his signature while abroad,” Fars quoted Iran government spokesman Mohammad Bagher Nobakht as saying.Editing by Raju Gopalakrishnan Disclaimer: The views expressed in this...Read More

(Reuters) - Major miner Rio Tinto (RIO.L) (RIO.AX) named Jacob Stausholm, formerly CFO of Danish shipping company A.P. Moller-Maersk, to replace outgoing financial boss Chris Lynch when he retires in September, the Anglo-Australian mining company said on Tuesday.Lynch’s retirement was announced last September, triggering a search for a replacement to maintain the financial strength of a comp...Read More

Australia has taken over Chile as the world's largest lithium producing nation boosted mainly by record output at two major mines, data from United States Geological Survey (USGS) shows.Down Under produced 18,700 tonnes of lithium in 2017, according to the USGS, thanks mainly to Western Australia-based mines - Galaxy Resources' Mt Cattlin and Mt Marion, owned by Neometals and China's Jiangxi Ganfe...Read More

Australia has taken over Chile as the world's largest lithium producing nation boosted mainly by record output at two major mines, data from United States Geological Survey (USGS) shows.Down Under produced 18,700 tonnes of lithium in 2017, according to the USGS, thanks mainly to Western Australia-based mines - Galaxy Resources' Mt Cattlin and Mt Marion, owned by Neometals and China's Jiangxi Ganfe...Read More

WASHINGTON (Reuters) - With the Federal Reserve virtually guaranteed to raise interest rates this week, investors are focused on how the U.S. central bank characterizes its monetary policy as borrowing costs return to more normal levels amid an ongoing economic expansion.In what could be the most consequential rewrite of its policy statement in two-and-a-half years, the Fed may signal how close it...Read More

MEXICO CITY (Reuters) - Canada’s Goldcorp said on Monday an ongoing protest blocking entry to its Penasquito mine, one of Mexico’s biggest gold producers, could force the company to halt output.The mine, in northern Zacatecas state, produced 476,000 ounces of gold last year, comprising 18 percent of Goldcorp’s total production and generating more than 33 percent of its revenue.Th...Read More

SINGAPORE (Reuters) - U.S. President Donald Trump and North Korean leader Kim Jong Un pledged on Tuesday to work toward complete denuclearization of the Korean peninsula while Washington committed to provide security guarantees for its old enemy.The joint statement signed at the end of their historic summit in Singapore gave few details on how either goal would be achieved but Trump fleshed out so...Read More

Monday night the summit between the United States and North Korea took place and by all accounts was a success for a first meeting. In his press conference, President Trump was glowing with enthusiasm looking forward to a continuation of the historic talks.Gold took the summit in ho-hum fashion and has stayed in consolidation, barely moving overnight, very consistent with the way it has been tradi...Read More

Mondaynight the summit between the United States and North Korea took place and byall accounts was a success for a first meeting. In his press conference,President Trump was glowing with enthusiasm looking forward to a continuationof the historic talks.Goldtook the summit in ho-hum fashion and has stayed in consolidation, barelymoving overnight, very consistent with the way it has been trading for...Read More

Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More