China's top nickel supplier aims to boost output of a material used in car batteries by 40 percent this year, joining the ranks of global producers ramping up operations to meet demand from electric vehicles.Read full newsRead More
(Kitco News)- While investors can expect to see volatility in silverprices through 2018, the market has plenty of room to move higher due togrowing demand and shrinking supply, according to the Silver Institute. In a report released Thursday, Michael DiRienzo, executive director of the institute saidthat strong industrial demand, jewelry demand and renewed investor interestwill continue to support...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session lower Thursday, on somenormal profit-taking pressure after both markets earlier this week hitmulti-month highs. February Comex gold was last down $10.10 an ounce at $1,329.10.March Comex silver was last down $0.171 at $16.995 an ounce.Theprecious metals did not show much reaction to growing concerns in themarketplace regarding...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session lower Thursday, on some normal profit-taking pressure after both markets earlier this week hit multi-month highs. February Comex gold was last down $10.10 an ounce at $1,329.10. March Comex silver was last down $0.171 at $16.995 an ounce.The precious metals did not show much reaction to growing concerns in the marketplace regar...Read More
NEW YORK, Jan 18 (Reuters) - The U.S. bond market's gauges of inflation expectations on Thursday extended their rise following data that showed the strongest auction demand for 10-year Treasury Inflation Protected Securities in about 3-1/2 years.At 1:24 p.m. (1824 GMT), the 10-year inflation breakeven rate, or the yield gap between 10-year TIPS and regular 10-year Treasury notes, was 2.09 percent,...Read More
* Boeing dips 2.4 pct, weighs on Dow* Morgan Stanley up slightly on earnings beat* House vote on extension of govt funding after 2:30 p.m. ET* Dow up 0.34 pct, S&P up 0.13 pct, Nasdaq up 0.05 pct (Updates to early afternoon)By Sruthi ShankarJan 18 (Reuters) - Losses in healthcare and industrial stocks paused Wall Street's new year rally that had driven the blue-chip Dow index to its fastest ev...Read More
NEW YORK, Jan 18 (Reuters) - The U.S. government on Thursday sold $13 billion in 10-year Treasury Inflation Protected Securities to the strongest demand since 2014 at a yield of 0.548 percent, which was the highest yield in two years, Treasury data showed.The ratio of bids to the amount of 10-year TIPS issue offered was 2.69, which was the highest reading since May 2014. This gauge of overall auct...Read More
Jeff Desjardins on January 18, 2018If for some reason, you still think that the commodity markets are predictable, today's chart provides a nice piece of humble pie.The Periodic Table of Commodity Returns, which comes to us annually from our friends at U.S. Global Investors, shows the returns of commodities over each year of the past decade.As you may have guessed, commodities are a volatile ass...Read More
Jeff Desjardins on January 18, 2018If for some reason, you still think that the commodity markets are predictable, today's chart provides a nice piece of humble pie.The Periodic Table of Commodity Returns, which comes to us annually from our friends at U.S. Global Investors, shows the returns of commodities over each year of the past decade.As you may have guessed, commodities are a volatile ass...Read More
The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. One of the names to note is Snapchat parent Snap Inc. (NYSE:SNAP). Below, we'll break down recent options trading activity on SNAP.Snap stock has b...Read More
An Italian professor at the Politecnico di Milano says that there could be an iron throne right below the apex of the Pyramid of Cheops, located in the Giza pyramid complex, Egypt.If there is such an artifact, says Professor of Archaeoastronomy Giulio Magli, it would not be melted iron but meteoritic iron, that is, fallen from the sky in the form of iron meteorites. Such mineral is distinguishable...Read More
Richard Cowan, Susan CornwellWASHINGTON (Reuters) - The White House on Wednesday threw its support behind a Republican proposal to avert a government shutdown at week’s end with a one-month extension in funding, but it was unclear whether there were enough votes to pass it in Congress.Congress has been struggling for months to reach an agreement to fund the government, which is currently ope...Read More
BHP Billiton Ltd., the world's biggest mining company, said quarterly iron ore output rose 3 percent on improved rail and plant performance, putting the exporter on target for record annual production.Read full newsRead More
Chilean development agency Corfo said on Wednesday that it had struck a deal with lithium company SQM, putting an end to a long-running dispute over royalties in Chile's Salar de Atacama, home to one of the world's richest lithium deposits.Read full newsRead More
After the flood of mixed Christmas trading updates from the high street over the past few weeks, the main focus on Friday will be the release of the official UK retail sales data for December.The British Retail Consortium survey, released the week before last, showed that sales between 26 November and 30 December were 1.4% higher than a year earlier.The BRC data also suggested there was faster gro...Read More
BEIRUT, LEBANON (12:10 P.M.) - The Turkish Foreign Minister, Mevl? 1/4 t ??avu??o??lu, stated on Thursday that Ankara demands the Syrian Arab Army (SAA) immediatelRead full newsRead More
Syrian Foreign Ministry has warned Turkey against taking hostile action in Afrin, saying that Damascus will consider it an act of aggression and undermineRead full newsRead More
When OPEC and Russia meet this weekend to review their strategy for clearing a global oil glut, they'll face an unusual problem: it could be working just a bit too well.Read full newsRead More
(Kitco News) - After recovering in 2017, gold prices are in for further gains this year, with the potential to hit $1,440 an ounce, said MKS PAMP in its annual outlook.“As the demand is set to improve, the supply side will remain under pressure. This combined with ongoing geopolitical tensions and the official sector expected to be a net buyer prompts us to set the yearly average at 1365.00...Read More
(Kitco News) - After recovering in 2017, gold prices are in for further gains this year, with the potential to hit $1,440 an ounce, said MKS PAMP in its annual outlook.“As the demand is set to improve, the supply side will remain under pressure. This combined with ongoing geopolitical tensions and the official sector expected to be a net buyer prompts us to set the yearly average at 1365.00...Read More