(Kitco News) - First Majestic SilverCorp. (NYSE: AG; TSX: FR) posted record production in the second quarter,although the company ended with an adjusted loss as silver prices fell, thecompany said Wednesday.Net earnings were $5.9 million, or 3 centsper share, compared to a loss of $1.3 million, or a penny, in the same quarterof 2017. The increase was primarily due to a $15.5 million increase in de...Read More
Gold may well benefit two ways from U.S. midterm elections,says Commerzbank. Democrats won control of the House of Representatives,although Republicans maintained the Senate. This presumably will put an end anyfurther tax cuts, “which means in the longer term that the Fed will need to implementfewer rate hikes, which per se will have a negative impact on the U.S. dollar,”Commerzbank sa...Read More
(Kitco News) - Gold andsilver prices are moderately higher in early U.S. trading Tuesday, boosted by asharp drop in the U.S. dollar index today. December gold futures were last up $7.10an ounce at $1,233.40. December Comex silver was last up $0.175 at $14.675 anounce. Tuesday’sU.S. mid-term elections turned out as many had expected and saw the Republicansmaintain control of the Senate but t...Read More
OTTAWA (Reuters) - Canada has no particular concerns over the fate of a new continental trade deal after U.S. elections that gave Democrats control of the House of Representatives, a senior official said on Wednesday.Some U.S. commentators are already predicting the U.S.-Mexico-Canada (USMCA) pact - agreed in late September - could face problems when the new House convenes in January, given skepti...Read More
WASHINGTON (Reuters) - “Expand the battlefield.”The Democrats’ mantra for seizing control of the U.S. House of Representatives took shape within weeks of President Donald Trump’s stunning 2016 White House victory.Democratic strategists wanted to go beyond the traditional strategy of flipping Republican seats in swing districts. Now, they would also compete in more conservat...Read More
(Reuters) - U.S. stocks rose strongly on Wednesday as investors piled into technology and healthcare sectors after midterm elections led to a divided Congress as expected and fueled bets that tighter regulations would be harder to push through.Democrats won control of the House of Representatives on Tuesday, while President Donald Trump’s Republicans expanded their majority in the Senate, po...Read More
WASHINGTON (Reuters) - President Donald Trump on Wednesday portrayed the midterm election results as “an incredible day” for his Republicans despite a Democratic takeover of the U.S. House of Representatives that will lead to greater restraints on his administration.At a White House news conference, Trump argued that Republicans beat historical odds in Tuesday’s elections, saying...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday said he hopes he can work with Congress to get enough money to build his long-promised border wall but that he would not necessarily force a government shutdown over the issue.“We need the money to build the wall, the whole wall, not pieces of it,” Trump told reporters at a news conference at the White House following Tues...Read More
Global nickel premiums were largely unchanged over the past week due to limited spot market activity, with market participants working to conclude long-term contract negotiations, Fastmarkets heard on Wednesday November 7. Chinese nickel premiums stable amid open import windowEuropean premiums stable with focus on long-term contractsUS premiums flat in subdued spot market. Chinese nickel premium s...Read More
The tin premium in Europe softened from its highest level since January 2017 due to a market shift to longer-term supply solutions despite remaining elevated on Indonesian supply concerns, while both US and Chinese premiums held ground on steady spot business and sufficient supply. European premiums ease while market finds supply solutions US participants look to 2019 contracts China'...Read More
(Updates with closing prices, recasts)By Peter HobsonLONDON, Nov 7 (Reuters) - Zinc prices on Wednesday fell to aseven-week low on expectations that a supply crunch will ease.Benchmark zinc on the London Metal Exchange (LME)closed down 1.8 percent at $2,455 a tonne after touching $2,445,the lowest since Sept. 21."Smelter margins in China are picking up and the expectationis that production is...Read More
Fasmarkets' fob Australia alumina index declined for the eighth trading day in a row on Wednesday October 7, falling back to levels not seen since before Hydro declared force majeure at the Alunorte refinery in Brazil in April. The benchmark daily fob Australia alumina index was calculated at $428.75 per tonne on Wednesday, down from $430 per tonne on Tuesday and 8.98% lower week on week from...Read More
"How did you go bankrupt?" Bill asked."Two ways," Mike said. "Gradually and then suddenly."- "A Farewell To Arms" - HemingwayZillow Group stock plunged 24% this morning after reporting Q3 numbers that missed revenue and net income estimates. In addition, the Company revised Q4 lower. ZG is down 52% after hitting hitting an all-time high of $65 in mid-June.Zillow Group is sort of a "derivative" of...Read More
Bob Moriarty ArchivesNov 7, 2018New Carolin Gold is another of those stocks that got hammered between 2011 and 2014 going from $1.85 to a low of $.10. They ran out of money and management bandwidth at the same time while sitting on top of a 36 km strike length gold system near a highway in mining friendly British Columbia. Sigh!!!For most of the last twenty years the majors have been consuming the...Read More
Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More
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 latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob China Europe- APT, cif Rotterdam - Ferro-tungsten, in-warehouse Rotterd...Read More
* Stocks notch higher after US election * Rand boosted by weaker dollar(Update levels and quotes)JOHANNESBURG, Nov 7 (Reuters) - South Africa's rand firmedagainst a weaker dollar on Wednesday after U.S. midtermelections split Congress, lowering the chance of any major U.S.fiscal policy boost soon.Stocks recovered marginally from a sell-off ahead of theelections.At 1505 GMT, the rand traded 1.04 pe...Read More
Fasmarkets' fob Australia alumina index declined for the eighth trading day in a row on Wednesday October 7, falling back to levels not seen since before Hydro declared force majeure at the Alunorte refinery in Brazil in April. The benchmark daily fob Australia alumina index was calculated at $428.75 per tonne on Wednesday, down from $430 per tonne on Tuesday and 8.98% lower week on week from...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), announces that it has issued a convertible unsecured promissory note (the "Note"). The Note has an outstanding principal amount of CAD$275,000, accrues interest at a rate of 12% per annum, matures 36 months from the date of issuance, and is convertible, from time to time, in whole or in part, into...Read More