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

The 10-year Treasury yield has climbed back above 3%The Dow Jones Industrial Average (DJI) is pointed lower in pre-market trading, which could put the blue-chip index's shot at a nine-day winning streak in jeopardy. A negative earnings reaction for Home Depot (HD) is pressuring Dow futures, after the retailer's first-quarter revenue and same-store sales came in lower-than-expected. Traders are al...Read More

PremierGold Mines Ltd. (TSX: PG) says the preliminary economic assessment for the Coveproject in Nevada shows mining would result in life-of-mine gold production of740,000 ounces during eight years of operations, which would an average of92,400 annually. The company reports indicated mineral resources of 1,045,000tons at 0.327 ounces of gold per ton and 0.861 ounce of silver per ton, meaning342,00...Read More

World's No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies' investment decisions.Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium to long-term global growth outlook...Read More

World's No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies' investment decisions.Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium to long-term global growth outlook...Read More

World's No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies' investment decisions.Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium to long-term global growth outlook...Read More

World's No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies' investment decisions.Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium to long-term global growth outlook...Read More

Bloomberg NewsA worker in inside the Watermark Designs manufacturing facility in Brooklyn, New York. The numbers: The Empire State manufacturing index rose in May, to a reading of 20.1 from 15.8 in April, the New York Fed said Tuesday. This was above the 15.5 reading expected by economists surveyed by Econoday. Any reading above zero indicates improving conditions. What happened: The new-order...Read More

(Kitco News)- Gold prices are sharplylower and fell to a nearly five-month low in early U.S. trading Tuesday.Importantly, the yellow metal has fallen below major technical support at$1,300.00. The drop below that key level set off a large number of pre-placedsell stop orders in the futures market, to drive prices still lower. The U.S.dollar index has resumed its trek north today, which is, and has...Read More

The bullish momentum in this triple-leveraged ETF has been unprecedentedThe perennial cautionary note on leveraged exchange-traded funds (ETFs) is that they're not well-suited to trading time frames of more than a day. That's because these instruments are designed to deliver double or triple the underlying index's daily return, but the effects of compounding will warp the relationship between leve...Read More

(Kitco News)- Sentimentin the New York State manufacturing sector is improving according to the latestdata from the New York Federal Reserve.Tuesday, thegeneral business conditions index in the Empire State manufacturing survey pushedhigher, to a reading of 20.1 in May, up from April's reading of 15.8."Looking ahead, firms were somewhat more optimistic about the six-month outlook than they we...Read More

(Kitco News)- Gold futures extended overnight losses after a CommerceDepartment report Tuesday showing U.S. April retail sales rose by 0.3% to$497.6 billion.Meanwhile, sales excluding autos were alsoup 0.3%.Going into the report, consensusexpectations compiled by news organizations had been for a rise 0.3% in overallsales. Sales excluding autos were forecast to be up 0.5% or 0.6%.As of 8:42 a.m. E...Read More

(Kitco News) - Gold futures extended overnight losses after a Commerce Department report Tuesday showing U.S. April retail sales rose by 0.3% to $497.6 billion.Meanwhile, sales excluding autos were also up 0.3%.Going into the report, consensus expectations compiled by news organizations had been for a rise 0.3% in overall sales. Sales excluding autos were forecast to be up 0.5% or 0.6%.As of 8:42...Read More

* Delay raises risk of deal failure, says analyst* Layoffs pose hurdle to South African approval* Shares in Lonmin, Sibanye fall (Updates with Sibanye-Stillwater quote)LONDON, May 15 (Reuters) - Britain's Competition and Markets Authority (CMA) said on Tuesday it would examine whether a takeover of miner Lonmin by South Africa's Sibanye-Stillwater would reduce competition.The 285 million pound ($3...Read More

(Kitco News) - After gold reached $1,326, the pressure has been on and gold is ready to test the recent lows at $1,302. It would be no surprise to see gold bounce off the $1,302 level, but breaking through $1,300 is almost a certainty in the current pattern.The successive lower highs and lower lows indicate that the pressure is mounting on gold's way to $1,280. Gold is just ugly right now and the...Read More

(Kitco News)- After gold reached $1,326, thepressure has been on and gold is ready to test the recent lows at $1,302. Itwould be no surprise to see gold bounce off the $1,302 level, but breakingthrough $1,300 is almost a certainty in the current pattern.The successive lower highs andlower lows indicate that the pressure is mounting on gold's way to $1,280. Goldis just ugly right now and the added...Read More

HONG KONG, May 15 (Reuters) - Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday.The group, headquartered in the United Arab Emirates, is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic o...Read More

(Reuters) - Home Depot Inc (HD.N) on Tuesday missed Wall Street forecasts for sales at established stores, as an unusually long winter hit sales of typical spring products like lawn-mowers and patio furniture.The downbeat results - which pushed Home Depot shares down 3 percent in premarket trade - are uncommon for the top U.S. home improvement chain, which has largely bucked the trend of retailers...Read More

The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More

PARIS (Reuters) - France is optimistic it can reach an agreement with Germany on proposals for a euro zone budget and other reform plans by June, with Finance Minister Bruno Le Maire saying it would be "irresponsible" to delay any longer.Since coming to power a year ago, Macron has made euro zone reform a priority, but his ability to deliver depends on reaching agreement with Germany on...Read More