Latest News

UPDATE: ‘I Am Putting Myself Forward As A Candidate For President’ – Rand Paul

(Kitco News) – Another presidential candidate is in the running as Senator Rand Paul officially threw his hat in the ring on Tuesday.

U.S. Recovery Is Still Firmly On Track – Capital Economics

Despite much weaker jobs numbers in March, Capital Economics analysts say the U.S. recovery is still firmly on track. “The run of weaker economic data hasn’t shaken our belief that, now credit is flowing more freely and the fiscal drag has faded, the recovery will strengthen,” says Paul Ashworth, chief U.S. economist for the UK-based research firm. “Nevertheless, given how skittish Fed officials are, this could be used as yet another reason to delay the first rate hike until sometime in the second half of this year,” he adds. Ashworth explains that because employment figures are based on a survey only covering one week each month, the numbers don’t always “align with the activity and spending data, which cover the entire month.” “Furthermore, nearly every other indicator suggests that the labor market is in good health,” he says, noting that ISM non-manufacturing employment index improved in March, as well as the job opening rate, hit a 14-year high in February while voluntary quits rate are trending lower. “The resilience of these other indicators suggests that payroll growth will rebound in April,” he says.

Lake Shore Gold Hits Q1 Gold Production Record

Lake Shore Gold Corp. (TSX:LSG)(NYSE MKT:LSG) produced a company record 53,000 ounces of gold during the first quarter of 2015, a year-on-year increase of 19%.

Gold Sees Corrective Pullback After Hitting 6-Week High Monday; Stronger US Dollar Also Bearish

Gold prices are moderately lower in early U.S. trading Tuesday, on a downside correction following solid gains that pushed prices to a six-week high on Monday.

The 6PM Recap With Gary Wagner: Gold Faces Dithering Of Analysts

The fundamental puzzler for gold this week is whether the drastic drop in jobs creation is the start of a pattern or an anomaly. President of the New York Fed William Dudley found himself in the quandary, as do many other sensible analysts.

The Kitco Gold Survey Is Back And Better Than Ever

Will Rand Paul Run For President In 2016?

(Kitco News) – Senator Rand Paul’s twitter account was on fire yesterday after he tweeted a nearly 3-minute teaser video which seemed to imply he will be making a run for the White House next year.

Gold Hits 6-Week High After Weaker US Jobs Data; Bulls Gain Technical Momentum

Gold prices ended the U.S. day session solidly higher and hit a six-week high Monday, boosted by last Friday’s much-weaker-than-expected U.S. employment report. The improving chart postures for gold and silver are also prompting technically based buying interest in both markets. June Comex gold was last up $17.80 at $1,218.70 an ounce. May Comex silver was last up $0.379 at $17.08 an ounce.

Trend Turns Bullish For Gold & Silver As Metals See Strong Buying – BoAML

As gold speculative buying remains strong and silver buying reaches its strongest level in six months, Bank of America Merrill Lynch (BoAML) analysts say they expect buying to continue. “Large specs bought gold contracts increasing net long positioning. Specs also bought silver contracts at the strongest pace in more than six months to increase net long positioning,” they say in a research note. “The repeated impulsive advances from the 1143 (Mar-17 low) says the gold trend has turned bullish,” they add. They say upside targets for the metal stand at $1,307/oz and $1,345/oz, and “potentially beyond.” The analysts add that pullbacks for gold shouldn’t break below the March 31 low of $1,178.57/oz. For silver, they also say the trend has turned bullish. “Pullbacks should not exceed the March-31 low at 16.45 and can’t break the Mar-17 low at 15.39. Next major resistance comes in near 17.68-17.80 (200dma and chart pivot) through which opens a move towards 19.00,” they add.

Latest CFTC COT Data Favors Gold Market Bulls

Total futures market positions in gold continue to favor the bulls, according to the latest commitments of traders (COT) data from the Commodity Futures Trading Commission (CFTC).