OTTAWA, Jan 9 (Reuters) - Canadian housing starts fell in December, as expected, as a sharp decline in multiple unit urban starts outweighed a rise in single-detached starts, data from the Canada Mortgage and Housing Corporation showed on Tuesday.The seasonally adjusted annual rate of starts declined to216,980 in December from November's downwardly revised 251,675. Economists had expected a declin...Read More
* Yen rises after Bank of Japan trims JGB purchases* Crude oil futures rise to highest since May 2015* Samsung's guidance disappoints, weighing on tech sector* Nikkei probes highest levels since November 1991* Europe helps world stocks extend flying start to year* Graphic: World FX rates in 2018 By Marc JonesLONDON, Jan 9 (Reuters) - A tweak to the Bank of Japan's bond-buying programme shunted the...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE REVIEWS 2017 AND PROVIDES OUTLOOK FOR 2018Northern Empire Resources Corp. has summarized the progress of the company in 2017 and provided plans for the first half of 2018.Michael G. Allen, president, chief executive officer and director, stated: "On behalf of the board and management, I would like to thank our shareholders for your support during this trans...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE REVIEWS 2017 AND PROVIDES OUTLOOK FOR 2018Northern Empire Resources Corp. has summarized the progress of the company in 2017 and provided plans for the first half of 2018.Michael G. Allen, president, chief executive officer and director, stated: "On behalf of the board and management, I would like to thank our shareholders for your support during this trans...Read More
(Kitco News) - Gold and silver prices are weaker in early U.S. trading Tuesday. A rebound in theU.S. dollar index early this week is providing downside price pressure on thegold and silver markets. Some normal profit-taking and chart consolidation arealso featured after gold prices hit a 3.5-month high last week. February Comex gold was last down $5.50 an ounce at $1,314.90. March Comex silver was...Read More
JOHANNESBURG, Jan 9 (Reuters) - South Africa's new vehicle sales fell 2.4 percent year-on-year to 40,636 units in December, data from the trade and industry department showed on Tuesday.Exports however fell 7.1 percent to 17,374 units compared with the same month a year earlier, the department said. (Reporting by Mfuneko Toyana; Editing by Ed Stoddard) Disclaimer: The views expressed in this art...Read More
* Yen hits five-day high after BoJ trims buying in long-dated JGBs* Euro below $1.20 on profit-taking after record long positions* Dollar index hits 11-day high* Graphic: World FX rates in 2017 By Jemima KellyLONDON, Jan 9 (Reuters) - The yen reached a five-day high on Tuesday, after the Bank of Japan trimmed its purchases of long-dated government bonds in market operations, stoking speculation th...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
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
(Kitco News) - Gold held by globalexchange-traded funds increased by 197.5 tonnes in 2017, a gain of 8.4%, saidthe World Gold Council in its monthly report on Tuesday.The rise last year was largelydriven by European ETFs, which represented 75% of all total inflows by adding148.6 tonnes of gold ($5.8 billion) to their holdings.In turn, the European market wasdominated by Germany. “German-list...Read More
The metals are in the middle of a major bull-bear debate,as witnessed by the last few trading days. After breaking out on Jan. 2 andmaking recent highs on Jan. 4, metals have started to move sideways to lower.The pattern is typical of a market topping, and this should be the top in goldand silver for now. Volume also peaked on Jan. 4, giving all the indicationsthat the metals were ready to take a...Read More
By Renita D. YoungNEW YORK, Jan 9 (Reuters) - European gold-backed exchange-traded funds added more than double the amount of tonnes that North American ones did in 2017, growing their assets by 13.9 percent, the World Gold Council said on Tuesday.Though North America contained more than half the amount of global exchange-traded fund holdings, European funds added the most to their gold-backed ETF...Read More
(Kitco News) - Gold held by global exchange-traded funds increased by 197.5 tonnes in 2017, a gain of 8.4%, said the World Gold Council in its monthly report on Tuesday.The rise last year was largely driven by European ETFs, which represented 75% of all total inflows by adding 148.6 tonnes of gold ($5.8 billion) to their holdings.In turn, the European market was dominated by Germany. “German...Read More
The metals are in the middle of a major bull-bear debate, as witnessed by the last few trading days. After breaking out on Jan. 2 and making recent highs on Jan. 4, metals have started to move sideways to lower. The pattern is typical of a market topping, and this should be the top in gold and silver for now. Volume also peaked on Jan. 4, giving all the indications that the metals were ready to t...Read More
* Futures up: Dow 44 pts, S&P 1.25 pts, Nasdaq 6 pts By Sruthi ShankarJan 9 (Reuters) - U.S. stock futures edged higher on Tuesday, keeping alive Wall Street's 2018 winning streak that is powered by robust economic data and expectations of earnings boost from corporate tax cuts.Asian and European markets rose to a record high, buoyed by an upbeat industrial production data from Germany and ga...Read More
(Updates with stock index moves)MOSCOW, Jan 9 (Reuters) - Russian stocks hit their highest since mid-2014 on Tuesday as investors returned to work after the holiday break and the price of oil, the country's main export, remained high. At 1220 GMT, Russia's dollar-denominated RTS index was up 1.27 percent to 1,235.38 points, having reached 1,238.26 earlier in the session, its highest since Septemb...Read More
DAKAR, Jan 9 (Reuters) - Democratic Republic of Congo, Africa's top copper producer, collected $489.2 million in revenues from the mining sector in the first nine months of last year, up more than 9 percent over the same period in 2016, the finance ministry said.In a quarterly report seen by Reuters on Tuesday, the ministry said revenues from the oil and gas sector rose nearly 71 percent over the...Read More
Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, has officially closed the sale of its fertilizer business to US-based Mosaic Co. (NYSE:MOS), the No.1 producer of phosphate fertilizer, in a deal worth about $1.4 billion, considerably less than the $2.5bn originally estimated.The transaction, part of Vale's strategy to cut debt and focus on its core businesses, excludes t...Read More
Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, has officially closed the sale of its fertilizer business to US-based Mosaic Co. (NYSE:MOS), the No.1 producer of phosphate fertilizer, in a deal worth about $1.4 billion, considerably less than the $2.5bn originally estimated.The transaction, part of Vale's strategy to cut debt and focus on its core businesses, excludes t...Read More
Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, has officially closed the sale of its fertilizer business to US-based Mosaic Co. (NYSE:MOS), the No.1 producer of phosphate fertilizer, in a deal worth about $1.4 billion, considerably less than the $2.5bn originally estimated.The transaction, part of Vale's strategy to cut debt and focus on its core businesses, excludes t...Read More