The Big Turnaround For Tech Metal Prices 2016? Part 2: Rare Earth Elements
(Kitco News) – The story of Rare Earth Elements (REE) is at the center of a sad and dirty chapter of the metals industry as it continues to see weak prices despite strong demand.
Read moreAnalysts Skeptical OPEC Production Agreement Is Game Changer For Oil Market
(Kitco News) – Gold continues to see further selling pressure Tuesday in part because of a modest boost in crude oil prices is helping to reduce fear sentiment in the market place; however, some analysts warn that it might too early to signal a recove…
Read moreHecla Mining Reports Record Silver Reserves For 10th Consecutive Year
Hecla Mining Co. (NYSE: HL) reports that exploration efforts have resulted in the 10th straight year of record silver reserves despite the use of reduced metals prices for the calculation.
Read moreGold Vulnerable To “Backing and Filling” After Parabolic Move
The gold market is sagging lower Tuesday as the market continues to “correct” following the parabolic rally move higher seen in recent weeks. Since the start of 2016, April Comex gold futures surged over 19% higher into the price peak at $1,263.90, hit…
Read moreBNP Paribas: ‘The Odds Of Another U.S. Recession Are 100%’
BNP Paribas says it’s only a matter of time before the U.S. undergoes another recession. “The odds of another U.S. recession are 100%; it’s just the timing that is unclear,” the bank says.
Empire State Manufacturing Index Bounces Off January Lows, But Still Firmly In Negative Territory At -16.6
(Kitco News) – The manufacturing sector in the New York region has managed to bounce off last month’s lows, but momentum was still weaker than expected, according to the latest data from the New York Federal Reserve.
Goldman Sachs Ignores Latest Rally, Sticks To Call For $1,000 Gold Prices In 12 Months
Despite gold prices hitting a one-year high last week, analysts at Goldman Sachs have reiterated their bearish call on gold, saying the fear that has battered broader financial markets is overdone.
Read moreGold Sharply Lower On Profit-Taking, Better Risk Appetite
Gold prices are solidly lower on profit-taking and a corrective technical pullback from strong gains last week that saw prices hit a 12-month high.
Read moreIncreased Risk Appetite Pressures Gold
Gold is are under solid selling pressure Tuesday morning, on profit taking and a corrective pullback from the recent strong gains.
Read moreThe 6PM Recap With Gary Wagner: U.S. Markets Are Closed And Rest Of World Goes Astray
European shares rallied 3.00% before falling back to a 2.00% rise. Asian stocks snapped a five-day losing streak as China’s central bank fixed the yuan at a much higher rate.
Read more