(Kitco News) - With Dow Jones Industrial Average plunging more than 800 points on Wednesday and gold climbing more than 2% on Thursday, are investors finally giving up on risk assets and shifting their weight to gold? The Denver Gold Forum was a mixed bag when it came to sentiment in gold. There’s no denying, however, that the following three speakers had the most unequivocal, bullish outloo...Read More

Both names will report earnings next weekIt's been a rough stretch for mining stocks, as evidenced by 4.6% month-to-date deficit for the SPDR S&P Metals & Mining ETF (XME). This pullback may have potentially created buying opportunities throughout the sector, though, with Cleveland-Cliffs Inc (NYSE:CLF) and Steel Dynamics, Inc. (NASDAQ:STLD) in particular trading near trendlines that have marked a...Read More

GOLD bull pressure eyes range top located at the 1,214.28 area. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure targeting the 1,170.00 level. On the upside, resistance comes in at...Read More

WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said in an interview with CNBC on Thursday that the Federal Reserve remained independent and U.S. President Donald Trump is not dictating policy to the Fed.His remarks came hours after Trump criticized the Fed for raising interest rates too quickly, in his second attack against the central bank in the past 24 hours.Reporting by Lisa...Read More

LONDON, Oct 11 (Reuters) - Copper producer Atalaya Mining, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday.The Cyprus-based miner has hired Canadian investment bank Bank of Montreal to help with the sale, the sources said.Atalaya's main copper asset, the Proyecto Riotinto in the Spanish region of Andalucia, was part of a mine complex b...Read More

LONDON, Oct 11 (Reuters) - Copper producer Atalaya Mining, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday.The Cyprus-based miner has hired Canadian investment bank Bank of Montreal to help with the sale, the sources said.Atalaya's main copper asset, the Proyecto Riotinto in the Spanish region of Andalucia, was part of a mine complex b...Read More

WASHINGTON (Reuters) - President Donald Trump said the criminal justice system was unfair to African-Americans and he would discuss remedies on Thursday with musician Kanye West and former football player Jim Brown.The Republican president has advocated prison reform and said he was open to changes in sentencing guidelines, an issue that divides the Republican Party between “law and order&rd...Read More

(Reuters) - Lithium producer Livent Corp (LTHM.N) fell 3.6 percent in its market debut on Thursday after being priced at the lower end of its expected range, as investors worried about the recent declines in prices of lithium in China, the world’s largest consumer of the ultralight metal.Livent’s debut comes a day after the major U.S. indices fell about 3 percent each, unnerving invest...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump and Chinese President Xi Jinping plan to meet at the G20 summit in Argentina in late November, the Wall Street Journal reported on Thursday, citing officials in both countries.White House economic adviser Larry Kudlow told reporters at the White House on Thursday that a meeting between the two leader at the global gathering in Buenos Aires is unde...Read More

(Kitco News) - Gold pricesare trading sharply higher and have hit nearlythree-month highs in late-morning action Thursday. Safe-haven buying interestamid very shaky world stock markets is featured today. Also, chart-based buyinginterest has kicked in after buy stop orders were triggered in the gold futuresmarket when prices pushed above key technical resistance levels. Now, the dooris opened to p...Read More

LONDON (Reuters) - OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group’s secretary-general said on Thursday, suggesting producers are in no rush to expand a June agreement that raises output.Oil prices have rallied this year on expectations that U.S. sanctions on Iran will strain supplies by lowering shipments from OPEC’s third-largest oil prod...Read More

MILAN (Reuters) - Italy paid its highest borrowing rate in five years in a bond auction on Thursday after its new populist government alarmed investors by tripling the budget deficit target for next year.Some investors fear Rome is sowing the seeds of a future debt crisis by pushing ahead with costly electoral promises such as a lower retirement age and a basic income for the poor. Italy holds the...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump warned on Thursday there was much more he could do that would hurt China’s economy further, showing no signs of backing off an escalating trade war with Beijing.Trump imposed tariffs on nearly $200 billion of Chinese imports last month and then threatened more levies if China retaliated. China then hit back with tariffs on about $60 billion...Read More

SGX today announced plans to launch a new high-grade iron ore derivative to meet the needs of the industry as the physical market evolves along different grade specifications.Increased use of high-grade iron ore as China pursues environmentally friendly growth is creating demand for a new risk-management tool to help market participants better manage widening basis risks. The contract, designed in...Read More

WASHINGTON (Reuters) - U.S. consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation pressures appeared to cool slightly.The modest price increases come despite a U.S. labor market that looks robust by most measures. A separate report on Thursday showed an unexpected but modest rise in the number of...Read More

LONDON (Reuters) - Former British Prime Minister Tony Blair said there was a 50-50 chance of getting another Brexit referendum as Prime Minister Theresa May will be unlikely to secure a majority for any divorce deal in parliament.“Whatever Brexit is on offer today is going to result in significant economic harm,” Blair, who served as prime minister from 1997 to 2007, told Reuters.&ldqu...Read More

Nightstar Therapeutics also received bullish attentionIntuitive Surgical, Inc. (NASDAQ:ISRG) has been a long-term outperformer on the charts, but it wasn't able to dodge yesterday's huge market sell-off, losing 3.6% for its lowest close since late July. This extended the shares' recent pullback following their all-time high of $581.12 from Oct. 1. Today, ISRG stock has dipped another 1.4% to trade...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a “ridiculous” policy that was making it more expensive for his administration to finance its escalating deficits.“I’m paying interest at a high rate because of our Fed. And I’d like our Fed not to be so agg...Read More

(Reuters) - Sears Holdings Corp (SHLD.O) has started to miss payments to vendors, adding to concerns about its future after sources said the U.S. department store operator was preparing to file for bankruptcy in the coming days.Three vendors told Reuters that Sears has missed scheduled payments in the last couple of weeks.It was not immediately clear how widespread the vendor problems were and how...Read More

(Reuters) - Delta Air Lines (DAL.N) reported a third-quarter profit that beat analysts’ estimates on Thursday as strong demand for air travel and tight control over costs helped the airline battle rising fuel expenses.With oil prices hovering near their four-year highs, Delta and its peers such as American Airlines Group Inc (AAL.O) and Southwest Airlines Co (LUV.N), are facing a surge in fu...Read More