Recent News

Indonesia's Nov retail sales rise 2.5 pct y/y - c.bank survey

January 09, 2018 / www.kitco.com

JAKARTA, Jan 9 (Reuters) - Indonesia's retail sales rose 2.5 percent in November from a year earlier, mainly supported by the sales of food, beverages and automotive fuels, a central bank survey showed on Tuesday.On a yearly basis, retail sales growth was 2.2 percent in October, when sales of ready-to-consume foods and tobacco bolstered growth.The survey of 700 retailers in 10 major cities project...Read More

Euro zone unemployment falls to 9-yr low as economy powers ahead

January 09, 2018 / www.kitco.com

BRUSSELS, Jan 9 (Reuters) - Euro zone unemployment fell to a new nine-year low in November thanks to strong economic growth, data showed on Tuesday, but the jobless rates differ widely across the single currency bloc.The European Union's statistics office Eurostat said the jobless rate in the 19 countries sharing the euro was 8.7 percent in November, down from 8.8 percent in October and the lowest...Read More

Who will lead Britain's central bank after Brexit?

January 09, 2018 / www.kitco.com

By William SchombergLONDON, Jan 9 (Reuters) - Britain is expected to choose a new central bank chief this year to succeed Canadian Mark Carney, who will step down in June 2019, three months after the country's scheduled exit from the European Union.Following is a summary of possible contenders to run the Bank of England (BoE), which oversees the world's sixth-biggest economy and Britain's huge fin...Read More

Turkey taps 2-year benchmark bond at yield of 13.44 percent

January 09, 2018 / www.kitco.com

ISTANBUL, Jan 9 (Reuters) - The Turkish Treasury sold a net 657.8 million lira ($175 million) in a tap of its two-year benchmark bond at an average compound yield of 13.44 percent on Tuesday, central bank data showed.Earlier in non-competitive bids, it sold a net 1.22 billion lira to primary dealers and public institutions, data showed. ($1 = 3.7634 liras) (Writing by Ezgi Erkoyun; Editing by Davi...Read More

Swedish market could be hurt by issuance cut-Debt Office official

January 09, 2018 / www.kitco.com

STOCKHOLM, Jan 9 (Reuters) - Sweden's bond market is functioning satisfactorily, but further reductions in issuance could worsen already strained liquidity, the Head of Debt Management at the Debt Office said on Tuesday."Naturally, it would not be good if we were forced to reduce borrowing further," Goran Robertsson said. "But .. I don't think that one should make too much of a dram...Read More

COLUMN-Policy tightening? It's real rates that matter for markets: McGeever

January 09, 2018 / www.kitco.com

(The opinions expressed here are those of the author, a columnist for Reuters.)By Jamie McGeeverLONDON, Jan 9 (Reuters) - U.S. and UK interest rates are rising, the European Central Bank is cutting back its bond purchases and even the Bank of Japan is hinting it will turn off the stimulus taps one day. With rates rising and central banks no longer expanding their balance sheets, monetary policy a...Read More

Congo's G?(C)camines urges Gov't to revise 16-year-old mining code

January 09, 2018 / www.mining.com

The Democratic Republic of Congo's state-owned miner, G?(C)camines, is calling the government to update the 16-year-old mining code, arguing it currently benefits foreign firms more than local producers or the country itself.The company, which is heavily indebted and has consistently failed to meet production targets as of late, said in a statement it was evident the World Bank-supported Mining C...Read More

Congo's G?(C)camines urges Gov't to revise 16-year-old mining code

January 09, 2018 / www.mining.com

The Democratic Republic of Congo's state-owned miner, G?(C)camines, is calling the government to update the 16-year-old mining code, arguing it currently benefits foreign firms more than local producers or the country itself.The company, which is heavily indebted and has consistently failed to meet production targets as of late, said in a statement it was evident the World Bank-supported Mining C...Read More

Congo's G?(C)camines urges Gov't to revise 16-year-old mining code

January 09, 2018 / www.mining.com

The Democratic Republic of Congo's state-owned miner, G?(C)camines, is calling the government to update the 16-year-old mining code, arguing it currently benefits foreign firms more than local producers or the country itself.The company, which is heavily indebted and has consistently failed to meet production targets as of late, said in a statement it was evident the World Bank-supported Mining C...Read More

Growth of European gold-backed ETFs outpaces U.S. funds in 2017 -WGC

January 09, 2018 / www.mining.com

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 ETFs last year. The additional 148.6 tonnes were...Read More

Amplats reaches deal with South African tribal leader in community fund row

January 09, 2018 / www.mining.com

A South African tribal leader has agreed to a more transparent structure for a 175 million rand ($14 million) community trust funded by Anglo American Platinum (Amplats), a move that aims to curb unrest around the firm's most profitable mine.The changes relate to the Mapela Trust, which was set up to fund development projects in communities around Amplats' Mogalakwena operation, the world's larges...Read More

RT @SWGoldReport: Jack Chan's Weekly Precious Metals Update:

January 09, 2018 / ow.ly

Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting a falling dollar is supportive for metal prices.Read full newsRead More

There's a Big Victim From OPEC's Oil Cuts - Bloomberg

January 09, 2018 / www.bloomberg.com

OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain: the fleet of supertankers that shuttle fuel between continents.Read full newsRead More

Oil Refinery Stocks Are Up 30% -- The Motley Fool

January 09, 2018 / www.fool.com

Some of the smaller industry players also rose more than 75%. But is there still room to keep growing?Read full newsRead More

RT @AndyHomeMetals: New year, new highs for zinc as market tightens further:

January 09, 2018 / uk.reuters.com

(The opinions expressed here are those of the author, a columnist for Reuters)Read full newsRead More

How to Profitably Invest in Gold Mining Stocks with This Winner

January 09, 2018 / dlvr.it

This is the year to invest in gold mining stocks, thanks to the start of a major gold bull market. Here's why, plus the one gold miner to own...Read full newsRead More

Look under your seat: Oprah Winfrey is a gold mine of opposition research

January 09, 2018 / dlvr.it

Operatives will comb through each episode of every season of 'The Oprah Winfrey Show.'Read full newsRead More

Why Palo Alto Networks, Inc. Could Be a Gold Mine for Growth Investors

January 09, 2018 / dlvr.it

If the cybersecurity provider can address a couple of shortcomings, it could prove to be a growth investor's dream stock.Read full newsRead More

Troilus Gold Announces New Senior Management Additions

January 09, 2018 / dlvr.it

TORONTO, ONTARIO--(Marketwired - Jan. 8, 2018) - Troilus Gold Corp. (TSX VENTURE:TLG) (Read full newsRead More

Gold Mining Stocks Are About To Embark On A Huge Run

January 09, 2018 / dlvr.it

The gold miners have had two solid years of returns in a row. Despite the strong gains over the last 2 years - and the spirited finish to 2017 - bearishness is still quite high in the gold stock complex. The final part of this consolidation is wrapping up (or has already) and this sector is about to enter Phase 2 of the bull market. This still oversold reading in the gold stocks, in combination wi...Read More

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