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Gold, Silver Prices Down On Technical Selling | Kitco News

20 Wednesday Jun 2018

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Fine gold coins, Landis Refining, Gold payment, gold scrap purchaseGold prices are moderately lower and hit another six-month low in early-afternoon U.S. trading Wednesday. Silver prices are slightly lower and hit a four-week low. The near-term technical postures for both metals have deteriorated the past week, which is inviting the chart-based sellers into the futures markets. August Comex gold futures were last down $4.00 an ounce at $1,274.60. July Comex silver was last down $0.008 at $16.315 an ounce.

The safe-haven gold market can’t hold a bid despite some risk aversion seen in the marketplace this week, due to worries about a global trade war. It seems the specter of less global commerce in raw commodities if a trade war would break out is trumping safe-haven buying. Gold bulls are frustrated because at present their metal is acting like a raw commodity instead of a safe-haven asset.

A strong U.S. dollar is also working against the precious metals markets. The U.S. dollar index hit another 11-month high overnight. Since gold is priced in U.S. dollars on most world markets, any appreciation of the greenback makes the metal more expensive to purchase in non-U.S. currency.

The other key “outside market” today finds Nymex crude oil prices firmer and trading just above $65.00 a barrel. Oil traders are looking ahead to the late-week OPEC meeting, at which time Saudi Arabia and Russia are expected to announce they will increase oil production.

Read more via Gold, Silver Prices Down On Technical Selling | Kitco News

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Oral care probiotics research on rise – Korea Biomedical Review

19 Tuesday Jun 2018

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landis refining, dental industry, dental healthDomestic microbiome firms such as Bifido are entering the oral care probiotics market following growing interest in the hundreds of microorganisms that live in the mouth and affect general health.

Research and commercialization of beneficial bacteria in the human body are in full swing due to the interest in human microbiomes. Markets and Markets, a market research company, estimate the global microbiome market to reach $500 million by 2022 and $900 million by 2025.

Although gut microbiomes research has been the most prominent, there has been growing interest in oral lactobacillus that protects the health of the mouth from oral diseases such as dental caries, gingivitis, and chronic periodontitis.

The World Health Organization raised concerns that non-infectious diseases or diseases that occur without pathogen infection are closely related to gum disease and that harmful bacteria in the mouth affect general health.

Both industrialists and consumers have since become increasingly interested in creating healthy oral microbial ecosystems.

“Oral care probiotics is the most active field of commercialization of microbiome research following intestinal microorganisms. With the recent interest in the microbiome industry, the sales growth of oral lactobacillus products is expected to increase further,” a Bifido official said.

Bifido is a Korean microbiome firm known as the provider of probiotics such as ProsLab and BioGaia. The firm has also been developing a rheumatoid arthritis therapy with Catholic University Seoul St. Mary’s Hospital since 2017.

Bifido is leading the commercialization of human microbiome products, having successfully cultivated CMU strains through technology developed from studying microorganisms for 30 years, cultivating egg culture bacteria, and commercializing products.

Along with the development of patented human-derived Bifidobacteria BGN4 and BORI and commercialization of intestinal probiotics, Bifido is now expanding into the oral lactobacillus market to create oral probiotics such as Bifidus Denti for inflammatory diseases of the mouth and bad breath, the company said.

It had reportedly led the market by commercializing a CMU strain for oral health. Weissella cibaria strain CMU, a representative oral care probiotic, is a patented oral lactic acid bacterium that is effective in suppressing bad breath.

via Oral care probiotics research on rise – Korea Biomedical Review

Rural America has too few dentists…

07 Thursday Jun 2018

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By Anne Kim

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JUNE 7, 2018
Lynnel Beauchesne’s dental office hugs a rural crossroads near Tunnelton, W.Va., population 336. Acres of empty farmland surround the weathered one-story white building; a couple of houses and a few barns are the only neighbors. But the parking lot is full. Some people have driven hours to see Beauchesne, the sole dentist within 30 miles. She estimates that she has as many as 8,000 patients. Before the office closes at 7 p.m., she and her two hygienists will see up to 50 of them, not counting emergencies.

About 43 percent of rural Americans lack access to dental care, according to the National Rural Health Association, and West Virginia, among the poorest and most rural states, is at the center of the crisis. All but six of the state’s 55 counties include federally designated “Health Professional Shortage Areas,” “Medically Underserved Areas” or both. The state’s Oral Health Program found in 2014 and 2015 that nearly half of counties had fewer than six practicing dentists, just half of adult West Virginians had visited a dentist in the previous year, and more than one-fifth hadn’t seen a dentist in five years. By comparison, a U.S. Centers for Disease Control and Prevention study in 2015 found that 64 percent of all American adults ages 18 to 64 reported seeing a dentist in the previous year. The rate of total tooth loss is 33.8 percent among West Virginians over 65, compared with roughly 19 percent for all seniors nationally.

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Precious Metals Represent Something True

07 Thursday Jun 2018

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You began investing in precious metals because they represent something honest.

Gold and silver are tangible, scarce, and beautiful. People have always recognized them as such. Societies naturally gravitated toward using them as a trusted medium of exchange – money – almost as soon as societies were formed.

Over time civilizations have come and gone. The world has seen constant social upheaval and change.

People from ancient Sumeria would not recognize modern society. But they would recognize a gold coin. In fact, some of the coins used in their time have survived to this day. Physical gold and silver have retained the trust and value placed in them thousands of years ago.

Gold and silver do not rely upon the stewardship of any government, thank goodness. They do not require legal tender laws to be deemed valuable in trade. The metals you hold inside your safe are worth something regardless of what happens outside.

Bullion coins, rounds, and bars are also completely off the grid and portable. This potent combination of attributes makes metals unique in the investment world.

Perhaps most importantly, gold and silver shine the light upon what politicians and bankers are doing to the fiat dollar. Relative to an ounce of gold, the dollar has lost some 97% of its value since 1913.

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Gold Prices – Weekly Outlook: June 4 – 8 By Investing.com

04 Monday Jun 2018

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Investing.com – Gold traders will keep their focus on more trade-related headlines in the coming week, as President Donald Trump prepares to meet world leaders at the G7 summit in Canada.

Fresh geopolitical developments surrounding President Trump’s planned meeting with North Korean leader Kim Jong Un slated for later this month will also be on the agenda.

With a lack of major economic reports in the coming week, market participants will pay extra close attention to monthly trade figures out of the U.S., amid the ongoing threat of a global trade war.

There are no Federal Reserve speakers in the coming week since it is the quiet period ahead of the June 12-13 Federal Open Market Committee meeting, when the Fed is widely expected to raise interest rates.

The U.S. central bank is increasingly likely to raise rates a fourth time this year after Friday’s upbeat employment report showed U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8%.

The U.S. Labor Department’s report also showed solid wage gains, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.

Gold settled back below $1,300 an ounce on Friday, as the U.S. jobs report buoyed the dollar and suggested that the Fed remains on track to raise interest rates later this month and later this year.

Expectations for higher interest rates tend to be bearish for gold, which struggles to compete with yield-bearing assets when rates rise.

Gold’s losses Friday also came as relief swept across global financial markets after Italy’s two main populist parties struck a deal to form a coalition government, ending months of political deadlock and averting a summer ballot that was seen as a de facto referendum risking a euro crisis.

Gold futures for August delivery settled down $5.40, or 0.4%, at $1,299.30 a troy ounce on the Comex division of the New York Mercantile Exchange late Friday, its lowest finish since May 23.

It logged a loss of about 0.7% for the week.

Elsewhere in precious metals trading, silver futures declined 0.2% at $16.42 a troy ounce, with the contract ending about 0.6% lower for the week.

Among base metals, copper ended at $3.091, up around 0.9% for the session and gaining 0.7% for the week.

Ahead of the coming week, Investing.com has compiled a list of significant events likely to affect the markets.

Monday, June 4

The UK is to release data on construction sector activity.

Tuesday, June 5

China is to publish its Caixin services index.

The Reserve Bank of Australia is to announce its benchmark interest rate and publish a rate statement which outlines economic conditions and the factors affecting the monetary policy decision.

The UK is to produce data on service sector activity.

The U.S. Institute for Supply Management is to publish its non-manufacturing index.

Wednesday, June 6

The U.S. is to publish data on labor costs and productivity as well as the monthly international trade report.

Thursday, June 7

The U.S. is to publish weekly data on jobless claims.

Friday, June 8

China is to report on trade figures.

via Gold Prices – Weekly Outlook: June 4 – 8 By Investing.com

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PRECIOUS-Gold inches down on robust dollar; Italy crisis curbs losses

31 Thursday May 2018

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landis refining, dental industry, scrap metal, purchase gold, purchase dental scraps* Dollar near 6-1/2 month peak
* Italy crisis sparks stock sell-off
* China says ready to fight back if U.S. ignites trade war
* SPDR gold holdings rise 0.35 pct on Tuesday

By Karen Rodrigues
BENGALURU, May 30 (Reuters) – Gold prices edged down on
Wednesday as a robust U.S. dollar weighed on the market, but
concerns about political turmoil in Italy and Sino-U.S. trade
conflict limited losses.
Spot gold was 0.2-percent lower at $1,296 per ounce
by 0736 GMT.
U.S. gold futures for June delivery were down 0.3
percent at $1,295.40 per ounce.
“The stronger dollar is the most significant headwind,” said
Stephen Innes, APAC trading head at OANDA.
“With the yellow metal’s sensitivity to the U.S. dollar on
full display, it is unlikely gold will move significantly higher
until we reach the EU ‘Crisis Zone’ which we are nowhere near at
this stage.”
The dollar index , which measures the greenback
against a basket of six major currencies, hovered near its 6-1/2
month peak touched in the previous session.
Investors fear that repeat elections in Italy – which could
come as soon as July – may become a de-facto referendum on
Italian membership of the currency bloc and the country’s role
in the European Union.
“People are really worried about what’s happening in Europe
and the U.S.-China trade tensions … we also see U.S. bond
yields drop,” said Richard Xu, a fund manager at HuaAn Gold,
China’s biggest gold exchange-traded fund.
U.S. benchmark 10-year Treasury yields on Tuesday registered
their largest one-day drop since Brexit nearly two years ago.

Meanwhile, China on Wednesday lashed out at Washington’s
unexpected statement that it still holds the threat of imposing
tariffs on $50 bln of Chinese goods, saying Beijing was ready to
fight back if Washington was looking to ignite a trade war.

“That (U.S.-China conflict) is driving down risk appetite,
hence the stock markets are tanking,” Xu said.
Asian stocks extended a global sell-off on Wednesday as
Italy’s political crisis rippled across financial markets.

Holdings of SPDR Gold Trust , the world’s largest
gold-backed exchange-traded fund, rose 0.35 percent to 851.45
tonnes on Tuesday.
In other precious metals, spot silver was down 0.6
percent at $16.28 an ounce.
Platinum fell 0.4 percent to $900.45 an ounce, while
palladium was 0.2-percent lower at $977.31.

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PRECIOUS-Gold rises as dollar backs off highs after Fed meeting minutes | Reuters

25 Friday May 2018

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By Renita D. Young and Zandi Shabalala

NEW YORK/LONDON, May 23 (Reuters) – Gold prices rose on
Wednesday as the U.S. dollar backed off its highs against a
basket of currencies while investors interpreted minutes from
the U.S. Federal Reserve’s latest policy meeting as dovish.
Most Federal Reserve policymakers thought it likely another
interest rate increase would be warranted “soon” if the U.S.
economic outlook remains intact, minutes of the central bank’s
last policy meeting showed.
Higher interest rates make non interest-bearing assets like
gold less attractive.

However sentiment was dovish, said Bob Haberkorn, senior
market strategist at RJO Futures. “They’re backing off the
inflation target at 2 percent. Just them saying that signals
that [the Fed is] dovish on rates and it doesn’t sound very
aggressive. That should be supportive for metals.”
Policymakers once again debated the inflation path. Several
noted that recent wage data provided “little evidence” of
overheating in the labor market, while some others saw a risk
that “supply constraints would intensify upward wage and price
pressures, or that financial imbalances could emerge.”
Spot gold gained 0.3 percent at $1,294.19 per ounce
by 2:35 p.m. EDT (1835 GMT), after touching its highest since
May 15 at $1,297.84. U.S. gold futures for June delivery
settled down $2.40, or 0.2 percent, at $1,289.60 per ounce.
The dollar, in which gold and other commodities are priced,
rose versus a basket of currencies but came off its
highs.

Often used to store wealth in times of political or economic
uncertainty, gold was underpinned by safe-haven support after
U.S. President Donald Trump said he was not pleased about recent
talks with China.

Gold also saw some safe-haven support after President Sergio
Mattarella gave political novice Giuseppe Conte a mandate to
lead the first government in Italy made up of anti-establishment
parties that have vowed to shake up the European Union,
Haberkorn added.

Trump also cited a “substantial chance” his summit with
North Korean leader Kim Jong Un will not take place as planned
on June 12 amid concerns that Kim is resistant to giving up his
nuclear weapons.

Gold has shown reduced volatility in the last few trading
sessions as it attempted a break above $1,300 and prices are
“waiting for a new, clear direction,” said ActivTrades chief
analyst Carlo Alberto De Casa.

Silver fell 0.4 percent at $16.45 an ounce and
platinum was 0.2 percent lower at $904.30 an ounce.
Palladium eased 1.2 percent to $979.10 an ounce.

via PRECIOUS-Gold rises as dollar backs off highs after Fed meeting minutes | Reuters

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PRECIOUS-Gold hits 5-month low as U.S. trade war with China ‘on hold’ | Reuters

22 Tuesday May 2018

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* Dollalandis refining, dental industryr index climbs to five-month high

* China, U.S. have great potential for cooperation- Chinese state
media
* Specs cut net long position in gold in week to May 15

By Apeksha Nair
BENGALURU, May 21 (Reuters) – Gold slid to a near five-month
low on Monday, as the dollar rose and demand for safe-haven
assets eased after U.S. Treasury Secretary Steven Mnuchin said a
trade war between China and the United States was “on hold”.
Spot gold was down 0.6 percent at $1,283.30 per ounce
at 0658 GMT, after earlier hitting $1,281.76, its lowest since
Dec. 27.
U.S. gold futures for June delivery were 0.7 percent
lower at $1,282.50.
“Gold price is under pressure as the dollar maintains its
strength,” said Naeem Aslam, chief markets analyst at Think
Markets.
“‘On Hold’ is a risk-on term…The absence of trade tariffs
and hostile tone between the two countries has also impacted the
gold price more adversely,” Aslam said.
The dollar rose versus the yen and hit a five month-high
against a basket of currencies, after Mnuchin’s comments
downplaying a trade dispute with China, boosting risk sentiment
amid hopes for an easing of trade tensions between the world’s
two biggest economies.
Chinese state media on Monday praised a significant dialing
back of trade tension with the U.S., saying China had stood its
ground and the two countries had huge potential for win-win
business cooperation.
“You have this combination of technical factors which is at
the moment un-supportive (for gold). As long as the dollar is on
the firm side, gold is under pressure,” said Dominic Schnider at
UBS Wealth Management in Hong Kong.
The price of gold fell below the psychologically important
$1,300 per ounce level last week for the first time since late
December and has since continued to trade below its 200-day
moving average.
A stronger dollar makes dollar-denominated gold more
expensive for holders using other currencies. Furthermore,
rising U.S. interest rates, and the expectation that U.S.
Federal Reserve will raise rates again next month, limits
investor demand for non-yielding bullion.
“Investors are looking towards the biggest event of this
week- the FOMC minutes and if the Fed doesn’t tame its hawkish
stance, we would expect more weakness in the gold price,” Aslam
said.
Hedge funds and money managers cut their net long position
in COMEX gold contracts by 21,294 contracts to 31,327 in the
week to May 15, data showed on Friday.
In other precious metals, silver fell 0.8 percent to
$16.30 an ounce.
Platinum was 0.4 percent lower at $879 an ounce,
after marking an over five-month low at $874 earlier.
Palladium rose 0.5 percent at $968.30 per ounce,
after hitting a two-week low at $960.22 on Friday.

via PRECIOUS-Gold hits 5-month low as U.S. trade war with China ‘on hold’ | Reuters

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Arizona law creates dental therapists to handle fillings, extractions and crowns | Local news | tucson.com

18 Friday May 2018

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children at dentist, landis refiningDental therapists — a midlevel provider similar to a physician assistant or nurse practitioner — will be a new, licensed profession in Arizona.

Arizona is the seventh U.S. state to allow dental therapy as a profession, said Kristen Mizzi Angelone, dental campaign manager for Pew Charitable Trusts.

 

Under the law signed Wednesday by Gov. Doug Ducey, dental therapists will be allowed to practice only in certain settings — tribal settings, federally qualified health centers and other nonprofit community health centers treating low-income patients. The law will take effect Aug. 3.

Dental therapy is seen by supporters as a way of addressing Arizona’s oral health needs because therapists will be able to perform a limited scope of procedures such as fillings, extractions and crowns at a lower cost.

Members of the Tohono O’odham Nation southwest of Tucson were among the most vocal supporters of the legislation, as they see it as offering a career path for tribal members to remain on the reservation without spending as much money as it costs to go to dental school. Tribal members have also indicated interest in setting up dental therapy coursework at Tohono O’odham Community College.

While Arizona tribes may hire federally certified dental therapists from out of state once the new law takes effect in August, it’s expected to be several years before Arizona schools start graduating dental therapists.

The original dental therapy bill was sponsored by Sen. Nancy Barto, a Republican from Phoenix who has long said adding dental therapists is a “free market solution” to meeting oral health needs in the state.

“Dental therapists are a proven workforce model that will increase affordable care options without creating new, burdensome regulations,” Barto said.

 

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Gold Erases Modest Early Losses | Kitco News

18 Friday May 2018

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) – Gold prices are trading near steady levels in late-morning action Friday, and have recovered small losses seen overnight and in earlier U.S.-session trading. Short covering in the futures market and some bargain hunting in the cash market heading into the weekend are featured. There are also some geopolitical crosscurrents in play that could be limiting selling interest in the safe-haven gold market. Comex June gold was last up $0.10 at $1,289.60.

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