Bitcoin daily chart alert – Bearish chart pattern forms – May 28
(Kitco News) – Bitcoin-U.S. dollar prices are lower in early U.S. trading Friday. Late-week price action has formed a bearish symmetrical triangle pattern on the daily bar chart.
Read moreGold at the Bank of England vault is selling at a premium
(Kitco News) – It has been reported that gold which is stored at the Bank of England (BoE) has been selling at higher premiums. In the Bloomberg report, analysts have speculated that this means that central banks might be going on a buying spree and th…
Read moreThere is another strike at BHP’s Escondida mine
(Kitco News) – The copper price has risen again in recent sessions as the workers are the world’s largest copper mine have gone on strike once again. BHP (BHP:LSE) owns both Escondida and Spence where the workers have abandoned their duties over a pay …
Read moreGold and silver move lower leading into the European open
(Kitco News) -Gold and silver have both moved lower leading into the European open. The yellow metal has called -0.38* while silver has dropped -0.88% into the red. In the rest of the commodities complex, copper has also fallen -1.21% but spot WTI (+0….
Read moreGold getting bumped from safe haven status is ‘silly’ – Jim Wyckoff
(Kitco News) – Gold’s recent run up to a 4 ½ month high on Wednesday was due partly due to markets taking a hard look cryptocurrencies, said Kitco’s senior market analyst, Jim Wyckoff on Thursday afternoon.
These are the two sectors to be ‘fully weighted’ in right now, says Kevin O’Leary
(Kitco News) – Markets will see an “unprecedented” growth cycle and higher inflation this year, said Kevin O’Leary, chairman of O’Shares ETFs and star of Shark Tank. Here’s how to play this market.
Read moreBC mining sector resiliently navigated challenging 2020 – PwC report
(Kitco News) – In its recently released report titled “BC Mine 2020: A new agenda for transformation and sustainable growth”, PwC Canada pointed out that BC miners successfully navigated a difficult period in 2020, with companies quickly adapting their…
Read moreJohnson Matthey to put cash from ‘established businesses’ into hydrogen, battery materials
(Kitco News) – Thursday, Platinum group metal giant Johnson Matthey reported its year end with revenue increasing 8%, driven by higher average precious metal prices.
Read moreGold price needs more inflation to get above $1,900 – U.S. Bank Wealth Management
(Kitco News) – The gold market has seen solid momentum in the last two months with prices managing to push above $1,900 an ounce; however, one market analyst said that the precious metal still has a difficult road ahead.
Read moreAnglo American explores 3D printing technologies
(Kitco News) – Anglo American announced today that it has partnered with the South African Council for Scientific and Industrial Research (CSIR) and US-based technology company, Ivaldi Group, to explore opportunities to digitally distribute spare parts…
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