Jan 22, 2018 Guest(s): Ivan Bebek Executive Chairman, Auryn Resources Gold started off 2018 strong, as is typical for January and February, but one mining executive says the yellow metal may see stronger moves higher.Ivan Bebek, Executive Chairman of Auryn Resources, told Kitco News on the sidelines of the Vancouver Resource Investment Conference that sentiment for gold is currently high, and in...Read More
Jan 22, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold has been on an upward slope since the Fed increase, driven by big managers' money rushing into the safe haven as doubts linger around equities, says Peter Hug, director of Global Trading at Kitco Metals."This year, right after the Fed rate increase we've had an upward slope. If we extrapolate out what happened in the pas...Read More
Jan 21, 2018 Guest(s): Brent Cook Exploration Insights Brent Cook of Exploration Insights doesn't prefer one metal over another as long as the company that mines it can be profitable.In an interview with Kitco News on the sidelines of the Vancouver Resource Investment Conference, the investor said that when it comes to mining picks, he is not metal-specific."What we're really looking for is high...Read More
Danielle DiMartino Booth, former Adviser to the President of the Dallas Federal Reserve, joins Remy Blaire of Sprott Media, to discuss fundamentals affecting global and national economic growth. The effects of the partial U.S. government shutdown and the U.S.-China trade war are weighed at a time when American wage-earners consider IRS tax withholding changes following tax reform legislation in 20...Read More
- London homeowners cut property prices by another 1.4% in January- Average price for a London house dropped by ?22,000 to ?600,926 in 2017- Takes 78 days to sell a home on average, the highest level since 2012- London's downtrend continues after 2017 performance as worst UK housing market- UK regional house prices begin to falter as house prices climb slows down- Gold bullion remains a great h...Read More
SEOUL, Jan 16 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index weakened slightly on Tuesday. The Korean won barely moved from a 3-year high reached this week while bond yields rose. ** At 00:59 GMT, the KOSPI was down 2.05 points or 0.08 percent at 2,501.31. ** The won was quoted at 1,064.3 per dollar on the onshore settlement platform , 0.15 percent weake...Read More
* Australian shares hit 2-week low* Weak iron ore prices drag material stocks* NZ marks biggest intraday percentage gain in over 5 weeks By Christina MartinJan 16 (Reuters) - Australian shares slipped to their lowest in two weeks on Tuesday, with materials weighing on the index on weak iron ore and coking coal prices.Chinese iron ore futures fell 2 percent on Monday as stockpiles of the steelmaki...Read More
Jan 16 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times-Financial Reporting Council warned that it may launch an investigation into KPMG over its audit of Carillion Plc . The company has collapsed into liquidation putting thousands of jobs at risk. - The value of the pound has ris...Read More
Mr. Ioannis Tsitos reportsGOLDSOURCE MINES PROVIDES PRIVATE PLACEMENT UPDATEGoldsource Mines Inc.'s private placement for $1.0-million announced on Dec. 18, 2017, and increased to $1.8-million as announced on Jan. 5, 2018, has been oversubscribed.As a result, the company has received conditional TSX Venture Exchange approval for a private placement of a total of 36,418,000 units, which is now expe...Read More
SYDNEY, Jan 16 (Reuters) - Australian sales of new vehicles surged by the most since 2012 in December to hit record highs for the month and the year, adding to signs of a pick up in consumer spending after a prolonged soft spell.Tuesday's data from the Australian Bureau of Statistics showed sales jumped 4.5 percent in December to a seasonally adjusted 103,743, a marked step up from November's 0.2...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -0.5 pct, CSI300 +0.0 pct, HSI -0.2 pct* Shanghai->HK daily quota used 11.5 pct* HK->Shenzhen Connect daily quota used 0.1 pct, Shenzhen->HK daily quota used 9.6 pct* CNY official close 6.4363 per dollar* FTSE China A50 +1.3 pct, BNY Mellon ADR China Select Index +0.3 pct SHANGHAI, Jan 16 (Reuters) - Following is a list of recent corporate and poli...Read More
Jan 16 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS16-Jan Japan Auction of 5-year government bonds16-Jan Spain Auction of 6- and 12-month Treasury bills17-Jan Japan 1-year discount bill auction17-Jan Germany Auction of 30-year Federal bonds18-Jan Japan 3-month discount bill auction18-Jan...Read More
Jan 16 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- TUESDAY, JANUARY 16LONDON - Bank of England Deputy Governor Sam Woods speaks at parliament treas...Read More
After an incredible rally during the first week of January, many people arrived in the office last Monday fully prepared for a market breather. Monday provided a slight pause in the action, but the break did not last long. By the end of the week, all the major U.S. equity indexes were higher, and the momentum from the first week of 2018 cruised along into the second week without so much as a hiccu...Read More
Dutch journalist Bram Ebus has just published an entire website dedicated to Venezuela's Mining Arc, a mega project that is at the centre of a national controversy given the devastation to both the natural environment and local communities that it is causing, as well as the innumerable allegations of rampant corruption surrounding it.Ebus spent three months investigating the many different aspects...Read More
By Suleiman Al-KhalidiAMMAN, Jan 16 (Reuters) - Jordan's cabinet announced on Monday a major package of IMF-guided tax hikes it says are crucial to gradually lower record public debt needed to get the economy hit by regional conflict growing again. The package announced on state media includes removing exemptions on general sales tax and unifying low 4 to 8 percent rates on a large number of items...Read More
* Business sentiment at -12 pct in Q4* Most pessimistic result in two years* Firms downbeat on new Labour govt - economist (Adds economist comment, market reaction)By Charlotte GreenfieldWELLINGTON, Jan 16 (Reuters) - New Zealand business sentiment turned negative and sunk to a two-year low in the fourth quarter due to pessimism towards the new centre-left government, a private think tank said on...Read More
By George GeorgiopoulosNICOSIA, Jan 16 (Reuters) - Eurobank will maintain its Balkan footprint in Bulgaria, Serbia and Cyprus after pulling out of Romania, its deputy CEO said on Tuesday, expecting the group's subsidiaries there to double their profitability over the next few years.Greece's third-largest lender by assets clinched a deal in November to sell its Romanian unit Bancpost to Banca Trans...Read More
Commentary courtesy of SRSrocco Report. In this update, Tom Cloud reviewed his calls on for the precious metals market last year and what he sees taking place in 2018. Tom discusses their price targets and the overall precious metals market. For example, Tom's forecast for gold to go up 10% in 2017 actually turned out to be 13.5%. This was due to what he saw as the falling U.S. Dollar Ind...Read More
(Adds quotes from PSD leader, detail)* Tudose is second premier ousted since June* Move strengthens PSD leader Dragnea's grip on power* Party holds comfortable majority in parliament By Radu-Sorin MarinasBUCHAREST, Jan 15 (Reuters) - Romania's Prime Minister Mihai Tudose resigned on Monday after his Social Democrat Party (PSD) withdrew backing for him in an overwhelming vote, becoming the second...Read More