Recent News

Germany says it will only assess Italy's budget once Rome presents it to EU

October 12, 2018 / www.kitco.com

BERLIN, Oct 12 (Reuters) - The German government will onlyassess Italy's budget plans once Rome has submitted them toBrussels, a spokeswoman for the German Finance Ministry said onFriday.The Italian government has already issued the financialtargets that will provide the framework for its budget, drawingfire from the European Commission for plans to triple theprevious fiscal deficit goal for 2019....Read More

UPDATE 1-G20 fails to mend trade rift, chair urges protagonists to resolve disputes

October 12, 2018 / www.kitco.com

* G20 can only provide platform for talks on trade -chairman * Adds members must resolve trade frictions themselves * Japan wants to put global imbalance on next year's G20agenda (Adds quotes, detail)By Leika Kihara and Yawen ChenNUSA DUA, Indonesia, Oct 12 (Reuters) - Trade tensionswithin the Group of 20 leading industrialised and emergingeconomies could only be solved by the countries directlyin...Read More

Russian rouble up thanks to high oil prices and weaker dollar

October 12, 2018 / www.kitco.com

MOSCOW, Oct 12 (Reuters) - The Russian rouble firmed to itsten day high supported by a recovery in oil prices and weakerU.S. dollar that was pressed by declining U.S. treasury yieldsand a sell-off on the global markets.At 0756 GMT, the rouble was 0.46 percent stronger againstthe dollar at 65.96 , hitting its highest levelsince Oct. 3 at 65.85, and had gained 0.41 percent to trade at76.50 versus th...Read More

Temporary period needed between Brexit transition and long-term deal- UK's Hammond

October 12, 2018 / www.kitco.com

LONDON, Oct 12 (Reuters) - Britain will need a period ofcontinuity after the Brexit transition ends and before along-term partnership negotiated between London and Brusselscomes into force, Britain's finance minister said on Friday."We're not going to remain in anything indefinitely," PhilipHammond told Bloomberg Television on the sidelines of anInternational Monetary Fund meeting in Bal...Read More

Lynas jumps after its critic in Malaysian Gov't leaves review team

October 12, 2018 / www.mining.com

Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More

Lynas jumps after its critic in Malaysian Gov't leaves review team

October 12, 2018 / www.mining.com

Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More

October 12, 2018 / www.fxempire.com

Christopher Lewis22 hours agoSilver markets were extraordinarily bullish during the trading session on Thursday, as we reached towards the $14.50 level. That’s an area that of course will offer a lot of support and resistance, as we had sold off from that area rather drastically, but we had a little bit of a pullback only to turn around and slam back into it. If we can clear the impulsive c...Read More

South African rand firmer ahead of Moody's rating decision

October 12, 2018 / www.kitco.com

JOHANNESBURG, Oct 12 (Reuters) - The South African randfirmed against the globally hobbled dollar early on Friday aheadof the country's credit review announcement by ratings agencyMoody's later in the day.* The rand was 0.85 percent stronger at 14.5100 perdollar at 0650 GMT, having closed in New York at 14.6350. * The rand is expected to trade between 14.3500 and 14.7000to thedollar on Friday, NKC...Read More

Gold backs off from 10-week high, 100-day EMA is the level to beat for the bulls

October 12, 2018 / www.fxstreet.com

Gold is flashing red in Asia, possibly due to an uptick in the US equity index futures. The oversold safe haven found love this week as the sell-off in the US equities triggered a flight to safety. Technically speaking, the metal's bull breakout would gain more credence above the 100-day exponential moving average (EMA). Gold is losing altitude in Asia, having clocked a ten-week high of...Read More

Forget Russia: Could This Hurt the GOP in November?

October 12, 2018 / www.schaeffersresearch.com

Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More

5 Questions With Peter Mackay, President and CEO of Venzee

October 12, 2018 / kincommunications.com

Venzee Technologies (VENZ:TSXv) has recently announced another channel partnership. And as Company continues to execute these technology partnerships I thought it was important to sit down with Peter Mackay, President of Venzee, to discuss who their channel partners are and what Venzee does to enhance the existing digital supply chain software. The digital supply chain is an enormous business and...Read More

IMF: too many euro zone countries not using good times to cut debt

October 12, 2018 / www.kitco.com

NUSA DUA, Indonesia, Oct 12 (Reuters) - Too many euro zonecountries are missing the opportunity to reduce debt now, wheneconomic growth is good, to prepare for the next economicdownturn, the head of the International Monetary Fund's Europeandepartment Poul Thomsen said."Fiscal policy has been insufficiently counter-cyclical,"Thomsen told a news conference at the IMF's annual meetings inB...Read More

Yuan weakens vs dollar as China's booming exports add to trade war worries

October 12, 2018 / www.kitco.com

SHANGHAI/HONG KONG, Oct 12 (Reuters) - China's onshore yuancurrency weakened against the dollar on Friday morning asunexpectedly strong China exports data renewed anxiety over theSino-U.S. trade war.The weakness followed a jump in late trading on Thursday,spurred by news that Washington will not accuse Beijing ofcurrency manipulation - seen as a sign of easing tensions. The People's Bank of China...Read More

UPDATE 1-China Sept copper imports jump on scrap crackdown, open arb window

October 12, 2018 / www.kitco.com

* China's Sept unwrought copper imports at 521,000 T-customs * Open arbitrage to send metal to China swells shipments-analyst * Copper concs imports at new record high of 1.93 mln T (Adds background, analyst quote)By Tom DalyBEIJING, Oct 12 (Reuters) - China's unwrought copper importssurged to their highest in 2-1/2 years in September, whilecopper concentrate imports climbed an all-time high as th...Read More

Dow Ends Off More Than 500, Two-Day Loss Tops 1,375 - TheStreet

October 12, 2018 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday as volatility ripped through markets for a second day. The S&P 500 has closed lower for six straight days.The Nasdaq declined into correction teritorry on Thursday, a day after the tech-heavy index had its biggest percentage drop since June...Read More

LIVE FUTURES REPORT 11/10: LME base metals prices consolidate lower; lead, tin rally

October 12, 2018 / www.metalbulletin.com

Movements in the prices of base metals on the London Metal Exchange were mixed at the close of trading on Thursday October 11, under broad pressure from a sharp sell-off in global equity markets despite the emergence of fresh buying in the markets for lead and tin.The three-month lead price rose by 4.4% over the afternoon to recover losses made earlier in the week, reaching an intraday high of $2,...Read More

CORRECTION: Codelco's Chuquicamata operating at reduced rate until mid-Nov, further cuts expected from Dec - sources

October 12, 2018 / www.metalbulletin.com

Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at the Teniente copper converter last month, the company told Fastmarkets.The Teniente converter that is used in Chuquicamata for copper smelting has been closed for nearly three weeks already, a well-informed source said on Wednesday October 10. It will remain paralyzed until...Read More

Coral Gold Resources:Royalty/Exploration CompanyFocused on the CortezGold Trend of Nevada

October 12, 2018 / www.goldstocknews.com

VIDEO: Coral Gold Resources (TSX.V: CLH; OTCQX: CLHRF) has emerged from a Nevada-based gold exploration company into a royalty company. Barrick Gold is now drilling the Robertson property in search of the extension from the world class Pipeline and Cortez properties located along trend to the south. An open-pit heap leach resource of over 2 million ounces has been outlined, but the big upside...Read More

This past week in gold

October 12, 2018 / www.321gold.com

Jack ChanPosted Oct 11, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation remains at multi decade low.Speculation remains at multi decade low.A potential bottoming pattern is now in progress.SummaryLong-term – on sell signal.Short-term – on buy...Read More

LME WEEK 2018: This year should be remembered for the LME's volumes growth - Chamberlain

October 12, 2018 / www.metalbulletin.com

The London Metal Exchange benefitted from 2018's "economic turbulence" and the exchange should be proud of its growth in volume, LME chief executive Matthew Chamberlain said. Speaking at the LME Week annual dinner on Tuesday October 9, Chamberlain said: "For the LME, 2018 should be remembered as the year that our volumes returned to growth, and our exchange returned to confidence." He accepted tha...Read More

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