* Gold hits highest since July 17 * Palladium hits record high * EU executive rejects Italian 2019 draft budget(Updates throughout, adds quotes, prices, details)By Swati VermaBENGALURU, Oct 23 (Reuters) - Gold jumped 1 percent to amore than three-month peak on Tuesday, with investors spurred onby a slide in global equities and rising political and economicuncertainty, including concerns over Italy...Read More
$200 million revolving line of credit is undrawn at quarter endCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced certain preliminary results ? for the third quarter of 2018.HIGHLIGHTSSilver production of 2.5 million ounces, and gold production of 72,995 ounces.Silver equivalent production of 10.9 million ounces or gold...Read More
Gold is trapped in a narrow range of $1,220 to $1,230, as the bulls are likely having a breather, having pushed the metal to a 2.5-month high of $1,233 last week. Also, the consolidation is happening in the positive zone above the six-month-long falling trendline. It is worth noting that the trendline hurdle was breached last week. A break above $1,230 (upper edge of the range) would signal a rev...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) plans to apply for a mining concession before year-end after releasing a robust feasibility study for its near-2 million ounce Boto gold exploration project in Senegal.President and CEO Steve Letwin said while a final investment decision on the $254-million project was yet to be made, Boto represented a "high-value" one, which would add to the company'...Read More
Christopher Lewis21 hours agoGold markets of course are highly influenced by the US dollar, so keep that in mind before placing any types of trades. At this point, I think that the market probably looks at the $1220 level as massive support. At this point, I believe the Gold markets are a bit extended for the short term, but I would be willing to take a small position at $1220 as it has been somew...Read More
London-listed explorer Greatland Gold (LON:GGP) has detected copper, silver, gold and pathfinder elements at its Scallywag target of the company's Paterson project in Western Australia.The sampling results, said Greatland on Tuesday, reinforce the potential of both precious metals and copper mineralization at the site, located within its Havieron licence.Copper, silver and gold detected in the fi...Read More
London-listed explorer Greatland Gold (LON:GGP) has detected copper, silver, gold and pathfinder elements at its Scallywag target of the company's Paterson project in Western Australia.The sampling results, said Greatland on Tuesday, reinforce the potential of both precious metals and copper mineralization at the site, located within its Havieron licence.Copper, silver and gold detected in the fi...Read More
James Hyerczyk22 hours agoComex GoldGold futures are trading slightly higher early Tuesday after finishing lower on Monday due to a spike to the upside by the U.S. Dollar. Traders have been looking for clues as to the next major move after rallying to a multi-month high over a week ago. However, a mixed trade by U.S. Treasurys and U.S. equity futures has encouraged many gold traders to take a ...Read More
(Adds LNG imports data, background)BEIJING, Oct 23 (Reuters) - China's September diesel andgasoline exports fell sharply from August as robust domesticdemand curbed overseas shipments.Gasoline exports were 730,000 tonnes last month, the lowestsince the same month a year ago when shipments were 568,000tonnes, data from the General Administration of Customs showedon Tuesday.Diesel exports in Septemb...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded lower Monday after closing last week with a gain of 0.4%.The S&P 500 also fell into negative territory. The S&P 500 has closed lower in 10 of the past 12 sessions.Hasbro Inc. (HAS) tumbled 3.1% after the toymaker posted third-quarter earnings and revenue that missed expectat...Read More
Bob Moriarty ArchivesOct 23, 2018Investors are funny. You can go to the chat boards and read about Novo Resources that had an incredible run in 2017 and read about how unhappy investors are that the price of shares has gone down. It’s my entire fault or it’s Quinton’s fault or it’s Eric Sprott’s fault. It’s everyone’s fault except the investors who wanted...Read More
Jack ChanPosted Oct 22, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation remains at multi decade low, but short covering has begun.Speculation remains at multi decade low, but short covering has begun.A tradable bottomis now in place.Need to see a breakou...Read More
The Monday Market Minute Global stocks rally after China tax pledge helps domestic markets rip to their biggest single-day gain in three years.Beijing aims to tackle slowing growth and trade war impact with tax cuts that could be worth $1.2 trillion after Q3 GDP showed the slowest growth in a decade.European stocks gain, with autos and basic resources leading the advance, even as Italy's budget...Read More
S&P 500 companies are expected report quarterly earnings of more than $340 billion over the next few weeks, as a combination of government stimulus and surging economic growth drives bottom line growth, but rising interest rates, U.S.-China trade tensions and the fading affect of Republican-led tax cuts likely points to a steady slowdown in the months ahead. Third quarter earnings, how...Read More
* Holdings in SPDR Gold Trust fall * Spot gold may hover below $1,235/oz - technicals (Adds quotes, updates prices)By Eileen SorengBENGALURU, Oct 22 (Reuters) - Gold prices edged higher onMonday towards a 2-1/2-month peak hit last week as the dollareased and worries over rising political tensions and slowingglobal economic growth lent support to the metal.Spot gold was up 0.1 percent at $1,226.43...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comOct 23, 2018 Is gold bullion, the "Queen of Assets", breaking out to the upside from a beautiful pennant formation?For the likely answer to that interesting and potentially enriching question, please click here now.Double-click to enlarge this daily gold chart.Gold has formed an important...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
By Ira EpsteinGold breaks out of bullish pennant formation.https://www.iraepstein.com/ Read More
By Craig HemkeThe price action in palladium is eerily reminiscent of early 2001, and this could have major implications for gold and silver in the months ahead. Back in 2001, the price of palladium spiked to highs above $1100/ounce. At the time, major physical palladium shortages appeared and tremendous strain was put upon the LBMA palladium market in London. Lease rates soared, and it appeared...Read More
Source: Michael Ballanger for Streetwise Reports 10/22/2018 Sector expert Michael Ballanger explores the impacts of several historic market crashes. -->Q: How do you get your broker out of a tree?A: Cut the rope. Common joke from October 1987It was 31 years ago, on Oct. 19, that I watched a $300,000 stock portfolio begin to vaporize, with a Monday loss of 35% morphing into a 93% amputation...Read More