Kitco NEWS Roundtable

Many commodities were routed in October, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris. Gold prices dropped to a fresh seven months below after data showed that the us economy created 336,000 jobs last month, significantly beating the market's expectations. However, according to some analysts, disappointing wage growt...

During the last week of September, gold suffered its second largest monthly decline of 2023 with only February having a greater devaluation of gold futures, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. The precious metal droped 5%, nearly $100. According to Kitco contributor Gary Wagner, the root cause the Federal Reserve including a major revision t...

Due to travel schedules, we reprised an interview with Exploration Insights’ Joe Mazumdar. Mazumdar spoke to Kitco in mid-September at the Precious Metals Summit 2023 in Beaver Creek, Colorado. Mazumdar is editor and analyst of Exploration Insights. Brent Cook, who is founder of Exploration Insights, also joined the interview.

There is a big disconnect between gold prices and gold miners, noted panelists on Kitco Roundtable. On Friday mining audiences manager Michael McCrae, Kitco Correspondent Paul Harris and David Erfle with the juniorminerjunky.com recorded Roundtable at the Precious Metal Summit in Beaver Creek, Colorado. During the first quarter of the year, gold futures traded above $2,000. Since then, the metal h...

While gold and copper slipped 1% and 3.5% respectively this week, oil is gaining, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable with correspondent Paul Harris. Copper prices dropped 3.5% this week to finish at the low $3.70 level. Gold trended downward this week, with prices falling around 1% after the Labor Day holiday finishing the week at $1,919 an...

Base metals are trading higher due to China's efforts to shore up its struggling property sector, noted mining audiences manager Michael McCrae. On Friday, McCrae recorded Kitco Roundtable with correspondent Paul Harris and Srini Godavarthy, the CEO of Li-Metal. China is issuing directives to prop up its property sector, such as easing borrowing rules to aid homebuyers. Other measures included low...

All eyes were on the Jackson Hole meeting in Wyoming, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Stillwater Critical Minerals' CEO Michael Rowley. Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF) is a Canadian mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the...

Metals are sliding due to recession worries, higher for longer rates and China concerns, noted mining audiences manager Michael McCrae.   On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris.     China is the story that is dominating commodity markets. A handful of large Chinese property development companies are under stress. Today Evergrande announced it filed for bankruptcy...

Gold did not get much of bounce from the favorable job numbers, noted mining audiences manager Michael McCrae.   On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.   U.S. nonfarm payrolls rose by 187,000 last month, according to the Bureau of Labor Statistics, which released the numbers on Friday. The monthly figure was below the market consensus estimates of 205,000....

The gold market is seeking direction, noted Kitco's mining audience manager Michael McCrae.  On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.  McCrae noted that the big news this week was the  Federal Reserve pushing interest rates to a 22-year high on Wednesday. The Fed resumed its hikes from last month's pause. The big data point this week was core Personal Consum...

Gold approached $2,000 earlier this week but then fizzled as the upcoming Fed hike weighed, noted mining audiences manager Michael McCrae.  On Friday McCrae recorded Kitco Roundtable.  The Fed skipped a raise in June. There were signs that the Fed is winning its inflation battle with favorable data about jobs and inflation, but the Fed will not be deterred. Analysts say that The Fed is almost cert...

A good inflation report pushed the gold market to a three-week high, with prices holding solidly above $1,950 an ounce, and sentiment turning bullish, noted mining audiences manager Michael McCrae.  On Saturday McCrae recorded Kitco Roundtable.  Roundtable covered the lift in metal prices due to good inflation numbers. The Consumer Price Index dropped to 3%. The Producer Price Index for final dema...

Lithium companies enjoy a funding advantage, noted Bradda Head Lithium CEO Charles FitzRoy.     On Friday FitzRoy recorded Kitco Roundtable with mining audiences manager Michael McCrae.     Bradda Head is advancing projects in Arizona and Nevada.     With energy transition underway and governments supporting critical mineral businesses, FitzRoy noted that lithium companies have more options to rai...

Robert Friedland warned about a coming copper crunch due to increasing demand and dropping supply, noted Kitco correspondent Paul Harris.   On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae.  The bleak picture for gold stocks was also covered. Gold is seeing its worst month since February as markets shift expectations, pricing in a nearly 100% chance of a rate...

Gold ended its worst week since February as the Federal Reserve's outlook of two more rate hikes weighed on the precious metal. But some analysts don't see the macro picture supporting that hawkish view. On Saturday mining audiences manager recorded Kitco Roundtable.  The gold market was down around $40 on the week, with August Comex gold futures last trading around the $1,930 level. China unveile...

Gold could make a decisive move either up or down next week, noted mining audiences manager Michael McCrae.   On Friday McCrae recorded Kitco Roundtable.   The gold market has been steady so far in June, trading between $1,940 and just under $2,000 an ounce, writes Kitco reporter Anna Golubova. But after weeks of sideways price action, gold could be ready for a significant move in either direction...

Unprecedented forest fires in Quebec forced shut downs at several mining operations in the province, noted Kitco correspondent Paul Harris.  On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and CEO and Co-founder of VRIFY, Steve de Jong.  Unseasonably warm weather resulted in over 150 active fires in Quebec. The plight of the province gained international att...

Gold dropped end of week after less than rosy economic data was released, noted mining audiences manager Michael McCrae.  On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris.  The U.S. annual core Personal Consumption Expenditures price index came in at 4.7% in April versus the consensus forecast of 4.6%. The U.S. central bank favors this gauge because the core inflation stri...

Lithium giant SQM plans to keep investing despite Chile's plan to exert more control.  On Friday mining audiences manager Michael McCrae and  Melissa ‘Mel’ Sanderson, President North America at American Rare Earths recorded Kitco Roundtable.  American Rare Earths is developing its 100% owned magnet metals projects, Halleck Creek in Wyoming and La Paz in Arizona.  Sanderson talked supply and demand...

Despite a tough market for precious metal exploration companies, Canadian Gold interim president and CEO Ian Ball said he has a plan to attract investors.   On Friday correspondent Paul Harris hosted Kitco Roundtable with Ball and Rob McEwen, chairman and chief owner of McEwen Mining.   Canadian Gold is a Toronto-based mineral exploration and development company whose objective is to expand the hi...

During past precious metal run ups, gold investing was competing against rotations into cannabis or crypto, argued Soar Financial CEO Kai Hoffmann, but during this cycle the metal has the stage to itself.   On Friday Hoffmann recorded Kitco Roundtable with Kitco correspondent Paul Harris and mining audiences manager Michael McCrae. The podcast was recorded at Hoffmann's Deutsche Goldmesse show in...

  After Chile's President Gabriel Boric announced a nationalization plan for his country's lithium sector, miners are still striving to understand what the ruling means, noted Fastmarkets William Adams.    On Friday Adams recorded Kitco Roundtable with mining audiences manager Michael McCrae and correspondent Paul Harris. Adams is head of battery metals research at Fastmarkets.    Last week lithiu...

Despite lithium prices halving in 2023, Battery Materials Review Managing Editor Matt Fernley is optimistic about the metal.     On Friday Fernley recorded Kitco Roundtable with mining audiences manager Michael McCrae.     This decade lithium went on a stellar run, trading up 10x versus historical levels, but in 2023 the metal took it on the chin. In 2023 Benchmark Mineral Intelligence estimates t...

While gold M&A has dominated resource headlines, the focus turned to base metals this week.   On Friday Kitco correspondent and mining audiences manager Michael McCrae recording Kitco Roundtable.   Glencore made an unsolicited $22.5 billion bid for Teck. So far Teck has fended off Glencore's advances.   The other M&A deal in the base metal side of the business was Hudbay Minerals (NYSE: HBM) and C...