NEW YORK, March 6 (Reuters) - Asian gold-backed exchange-traded funds (ETFs) added more tonnes in February than North America and Europe, reversing its 2017 trend of having more flows out, the World Gold Council said on Tuesday.Asian-listed gold ETFs added 7.9 tonnes worth $318.1 million. This was an 8.3 percent increase from January."We've seen overall investment demand pick up in Asia, particula...Read More
The Dow Jones Industrial Average (DJI) was up more than 120 points at its intraday peak, as traders initially cheered North Korea denuclearization talk. However, the blue-chip index has since swung to a triple-digit loss, after Bloomberg reported President Donald Trump believes his chief economic adviser, Gary Cohn, will resign should proposed steel and aluminum tariffs go into effect. The S&P 50...Read More
British company Sirius Minerals (LON:SXX), the company building a huge polyhalite mine beneath a national park, is looking to raise up to $2 billion in government-backed debt to finish building its fertilizer project in North Yorkshire.Delivering preliminary results for 2017, the company said its main focus this year will be securing up to $3bn from banks, including roughly $2bn under the gover...Read More
British company Sirius Minerals (LON:SXX), the company building a huge polyhalite mine beneath a national park, is looking to raise up to $2 billion in government-backed debt to finish building its fertilizer project in North Yorkshire.Delivering preliminary results for 2017, the company said its main focus this year will be securing up to $3bn from banks, including roughly $2bn under the gover...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistEvery year, a vast amount of copper is used by the global economy to manufacture a wide variety of goods.It's a major ingredient in big-ticket consumer goods like autos, appliances, electronics, and new homes. Simultaneously, copper is also gobbled up for many industrial uses including telecommunications, utilities, construction, and industrial...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistEvery year, a vast amount of copper is used by the global economy to manufacture a wide variety of goods.It's a major ingredient in big-ticket consumer goods like autos, appliances, electronics, and new homes. Simultaneously, copper is also gobbled up for many industrial uses including telecommunications, utilities, construction, and industrial...Read More
'I think we have a greater distortion and a financial danger sitting out there bigger than ever before... It's going to be a calamity.' And that "calamity," according to libertarian and former presidential candidate Ron Paul, could very well lead to a 50% drop in the stock market. For the Dow DJIA, +0.38% that would mean about 12,500 or so. Who does he blame for the looming market catastrophe? Th...Read More
WASHINGTON (Reuters) - The most powerful member of the U.S. House of Representatives said on Tuesday that President Donald Trump’s planned tariffs on steel and aluminum imports are too broad and open the country to possible retaliation, adding that he encouraged the White House to more narrowly focus its approach.“There is clearly abuse occurring,” said Speaker Paul Ryan at a pre...Read More
1. New virtual reality (VR) exhibits were the rave at this year’s PDAC. Participants could put on VR glasses and experience 3D versions of open pit or underground mines. Others let their audience feel what it’s like to be in control of heavy mining machinery or part of an emergency situation.#PDAC2018 Booth Highlights: Fun virtual reality experience that will help mitigate #risks in #m...Read More
1. New virtual reality (VR) exhibits were the rave at this year’s PDAC. Participants could put on VR glasses and experience 3D versions of open pit or underground mines. Others let their audience feel what it’s like to be in control of heavy mining machinery or part of an emergency situation.#PDAC2018 Booth Highlights: Fun virtual reality experience that will help mitigate #risks in #m...Read More
Prior to the early February correction, U.S. stocks were chugging along to record highs. Since then, however, the number of stocks touching 52-week highs has plummeted, while the number of stocks exploring annual lows has crept higher -- sending up a stock market signal not seen in two years.New Lows Exceed New Highs for First Time Since 2016Looking at all optionable stocks -- nearly 3,200 equitie...Read More
Abercrombie & Fitch Co. (NYSE:ANF) is expected to report fourth-quarter earnings before the open tomorrow. Overall, ANF stock has turned in a solid year on the charts, already adding 19% in 2018. At last check, the shares were down 0.8% at $20.52, but if past is precedent, the retail stock could be gearing up for a big move following thereport tomorrow. In terms of earnings reactions, Abercrombi...Read More
Greencoat UK Wind (LON:UKW) investment manager Stephen Lilley caught up with Proactive Investors to discuss what's been a busy year for the company.Greencoat added 10 new wind farms to its portfolio, taking it to a total of 29.Current generation from the portfolio's now enough to power around 620,000 homes. Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenCommuniti...Read More
LONDON (Reuters) - British Prime Minister Theresa May will hold talks with Saudi Crown Prince Mohammed bin Salman at her country residence on Thursday, diplomatic sources said, in another sign of the importance with which London is treating his visit.The visit to Chequers, a 16th-century manor house 40 miles (60 km) northwest of London, will be in addition to a previously announced meeting at May'...Read More
SEOUL (Reuters) - North Korea is willing to hold talks with the United States on denuclearization and will suspend nuclear tests while those discussions are under way, the South said on Tuesday after a delegation returned from meeting the North’s leader Kim Jong Un.Responding to the news in a series of tweets, U.S. President Donald Trump said he saw “possible progress” and that &...Read More
GENEVA, March 6 (Reuters) - The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler board member responsible for research and development, said on Tuesday.High cobalt prices have been pushing manufacturers to adjust the recipe for the batteries used to power electric cars to reduce the amount of cobalt and increase the nickel content....Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It's another negative shock for the European establishment. Will these stars shine on gold?Five Star Movement triumphsWe live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Bepp...Read More
Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It's another negative shock for the European establishment. Will these stars shine on gold?Five Star Movement triumphsWe live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Bepp...Read More