* Report says nickel pig iron output is rising in China * Copper dips to one-week low * Zinc only metal in positive territory on stocks fall(Updates with closing prices, adds nickel balance data)By Eric OnstadLONDON, Oct 18 (Reuters) - Nickel hit a one-month low onThursday, with copper and lead prices also in the red, asinvestors worried about Chinese growth and higher U.S. interestrates.Zinc, mea...Read More
(Updates prices, adds comments and chart) * Inflows to gold funds show positive sentiment - analyst * Dollar index near one-week high* Silver and platinum slip to lowest in a week By Sumita Layek and Arpan VargheseBENGALURU, Oct 18 (Reuters) - Gold edged higher on Thursday,supported by an improved technical outlook that helped the metalhold out against a stronger dollar.Spot gold rose 0.1 percent...Read More
Gold breaks higher.Silver remains below resistance.Silver tried to encourage gold lower in September but failed.Silver could attract a speculative herd.USLV could be a good short-term bet, but use a stop if it starts going south.Gold and silver have long histories as a means of exchange or hard money. The precious metals have been around a lot longer than the fiat currencies we use each day to pay...Read More
(Updates domestic closing price, adds details)SHANGHAI, Oct 18 (Reuters) - China's yuan closed at itsweakest in more than 21 months against a broadly stronger dollaron Thursday, as the U.S. Federal Reserve's hawkish stance oninterest rates and the U.S. Treasury's failure to label China asa currency manipulator gave traders confidence to drive the yuanlower.The onshore spot yuan ended the day at 6....Read More
* SSEC loses 2.9 pct, touches lowest point since Nov 2014 * CSI 300 down 2.4 pct, energy sub index drops 4.9 pct * Shares pledged for loans become a concern for investors By Noah SinHONG KONG, Oct 18 (Reuters) - Chinese stocks fell sharply onThursday as heavy selling in the energy sector and worries aboutthe levels of borrowing in the stock market added to broaderconcerns over growth and the globa...Read More
* Pound at 10-day low after May comments on Irish border * Retail sales weaker than expected, also weigh on currency * Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Writes through after May comments, updates prices)LONDON, Oct 18 (Reuters) - The pound fell to intraday lowsin late Thursday trade, as summit talks in Brussels failed toresolve a Brexit standoff b...Read More
Researchers at the University of California - Berkeley have discovered that a bacterium named Moorella thermoacetica produces solar fuels through artificial photosynthesis in a very efficient way when fed with gold.In a paper published in Nature Nanotechnology, the scientists explain that by placing light-absorbing gold nanoclusters inside the CO2-hungry bacterium, they have created a biohybrid sy...Read More
Researchers at the University of California – Berkeley have discovered that a bacterium named Moorella thermoacetica produces solar fuels through artificial photosynthesis in a very efficient way when fed with gold.In a paper published in Nature Nanotechnology, the scientists explain that by placing light-absorbing gold nanoclusters inside the CO2-hungry bacterium, they have created a biohyb...Read More
An investor in Hudbay Minerals Inc. wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won't pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter.Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve...Read More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More
MOSCOW, Oct 18 (Reuters) - The Russian rouble weakened onThursday, under pressure from a stronger dollar and lower oilprices.The dollar gained against its major peers after minutes ofthe Federal Reserve's September meeting signalled that interestrates will rise further this year.At 0730 GMT, the rouble was 0.35 percent weaker against thedollar at 65.73 and had lost 0.38 percent totrade at 75.58 ve...Read More
Christopher Lewis21 hours agoSilver markets continue to be very choppy and sideways, and therefore a bit undecided. I think at this point we are just simply deciding whether or not the recent gains are justifiable. If the US dollar strengthens, that will probably drive down the price of silver, perhaps down to the $14.50 level. The alternate scenario of course is that we rally, but I think the $15...Read More
JOHANNESBURG, Oct 18 (Reuters) - South Africa's randretreated early on Thursday after minutes from the U.S. FederalReserve's September meeting struck a hawkish tone, draining someof the enthusiasm for emerging currencies that lifted the localunit to a two-week peak.* At 0640 GMT the rand was 0.26 percent weaker at 14.2900per dollar, having risen to 14.1050, its best since Oct. 1, asthe New York se...Read More
"Overall, we have been technically breaking above the previous highs, so it will be difficult for gold prices to move below that," said ABN AMRO analyst Georgette Boele.Monday's global stock market sell-off has added appeal to gold, helping the metal to a two-and-a-half-month peak of $1,233.26.Published 23 Hours AgoUpdated6 Hours AgoReuters Gold edged higher on Thursday, supported by an improved t...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell on Wednesday after shares of International Business Machines Corp. (IBM) slumped as the tech giant posted a third-quarter revenue miss.Netflix Inc. (NFLX) rose 3.3% after third-quarter subscriber growth beat analysts' expectations.Abbott Laboratories (ABT) fell 1.6% after i...Read More
The Wednesday Market Minute Global stocks extended gains Wednesday, driven by stronger-than-expected U.S. earnings and the biggest single-day rally on Wall Street in more than six months.U.S. earnings season is expected to add $400 billion to the collective bottom line of S&P 500 companies, with year-on-year gains of 21.5%, more than twice the rate of European earnings growth.Netflix surges...Read More
By Liz HamptonHOUSTON, Oct 17 (Reuters) - Even as crude prices hover nearfour-year highs, U.S. oilfield service firms' third-quarterresults due out in coming days will reflect a shaky recovery, astheir customers face drilling constraints and pressure to holddown spending.Oil producers are holding off finishing new wells, and costpressures from tight labor markets and U.S. tariffs on importedsteel...Read More
CloseGain/LossGold $1225.10+$1.30Silver$14.57-$0.06XAU70.05+0.28%HUI155.48+0.16%GDM556.39+0.27%JSE Gold1198.81+8.42USD95.97+0.39Euro114.59-0.46Yen89.37+0.02Oil$68.65-$1.1010-Year3.182%-0.009T-Bond138.00+0.09375Dow25379.45-1.27%Nasdaq7485.14-2.06%S&P2768.78-1.44% The Metals: Gold dipped $5.10 to $1218.70 in Asia, but it then chopped back higher in London and New York and e...Read More
By Ira EpsteinGold shines while other metals break. https://www.iraepstein.com/ Read More
Source: Michael J. Ballanger for Streetwise Reports 10/17/2018 Precious metals expert Michael Ballanger discusses the bullish set-up for gold and why he believes this time is different. -->For the first time in months, Fido the Wonder Dog has been in my office and at the foot of my bed 24/7 for the past few days giving me great solace that the current advance in precious metals prices is he...Read More