There's one thing that I've noticed over the years: whenever bull markets (or bull legs up after correction lows) begin, prices go down dramatically, but the upward trend crawls so slowly as not to be noticeable. That is, until you compare those prices over a longer term.We're now just one month from the miner lows of September 29. The last day of October saw a big dramatic downdraft in pric...Read More
By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational...Read More
By Kitco News For Kitco NewsFollow @kitconewsnownewsfeedback@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for information...Read More
By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - K92 Mining (TSX : KNT) reported Monday that its quarterly gold equivalent production of 24,122 oz in Q3 2021 was 8% higher than in Q3 2020 (22,261 oz).However, the company said that challenges related...Read More
DENVER, Nov 15 (Reuters) - U.S. oil producers are strugglingto find enough crews, vehicles and equipment to take advantageof rising global demand and a seven-year high in crude prices,say executives at oilfield service firms.The problems are preventing the world's top oil producer andconsumer, the United States, from responding to higher prices and could mean it takes longer for global output to m...Read More
Mr. John Williamson reportsBENCHMARK METALS ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL PRIVATE PLACEMENT TO $33.6 MILLION Benchmark Metals Inc. has entered into an amendment with the syndicate of underwriters led by led by PI Financial Corp. and Sprott Capital Partners LP to increase the size of the private placement from approximately $30-million to approximately $33.6-million.Pursuant...Read More
Mr. Adam Horne reportsTOMBILL MINES EMBARKS ON ITS SURFACE EXPLORATION PROGRAM AND COMPLETES INAUGURAL NEAR SURFACE DRILLING Tombill Mines Ltd. has provided an exploration update at its 100-per-cent-controlled, royalty-free, flagship and patented Tombill main group and its claims within the Geraldton gold camp.Summary of recent results from the Talmora near-surface drill program:Hole TAL21-002 ret...Read More
Mr. David Stein reportsKUYA SILVER COMMENCES PHASE TWO BETHANIA EXPLORATION PROGRAM Kuya Silver Corp. has begun the second phase of its 2021 exploration program at the Bethania project, Peru. Kuya Silver's geologic team has begun a detailed surface sampling and trenching program and plans to continue with a multi-phase exploration program over the coming months. After successfully concluding the P...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Pure Gold Mining (TSX-V: PGM) reported gold production of 9,260 ounces in Q3 2021 at its PureGold mine in Ontario, a 54% increase compared to the second quarter driven by higher grades and increased to...Read More
By Other For Kitco News Follow @KitcoNewsNOW Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitati...Read More
Nov 15 (Reuters) - Wall Street indexes were pulled off session highs on Monday as technology stocks came under pressure from rising Treasury yields, although losses in the Dow Jones were mitigated by Boeing, which surged on a potential Saudi Arabian order.The Nasdaq (.IXIC) fell the most among its peers, coming off early gains as heavyweight technology stocks retreated. Higher Treasury yields tend...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Argonaut Gold (TSX: AR) announced today that the company produced 58,777 gold equivalent ounces in Q3 2021, an increase of 20% compared to Q3 2020.The company explained that higher production was prima...Read More
Nov 15 (Reuters) - Goldman Sachs has forecast growth in the U.S. core personal consumption expenditures (PCE) index to nearly halve by the end of 2022, as the U.S. bank expects a surge in commodity prices and supply-chain constraints to ease after causing near-term price spikes.Economists at Goldman Sachs expect the core PCE index - the Federal Reserve's preferred inflation measure - to fall to 2....Read More
(Kitco News) It is best to avoid U.S. stocks and bonds next year as high valuations and tighter monetary policy fail to support a good investment case, according to strategists at Morgan Stanley."We think that 2022 is really about 'mid to late-cycle' challenges: better growth squaring off against high valuations, tightening policy, rambunctious investor activity and inflation being higher than mos...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market has broken out after five months ofconsolidation, and commodity analysts at Soci?(C)t?(C) G?(C)n?(C)rale see the potential fora significant rally through the first quarter of 2022.In its...Read More
Mr. Eric Fier reportsSILVERCREST REPORTS Q3 2021 FINANCIAL RESULTSSilvercrest Metals Inc. has released its unaudited financial results for the third quarter of 2021 (Q3, 2021).The company's top priority is on the high-grade, historic Las Chispas mining district in Sonora, Mexico, where it has completed a feasibility study on the Las Chispas project.Details of the feasibility study, including an up...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are modestly lower in midday U.S. trading Monday. Gold didpoke to another five-month high early on. Some normal profit taking was seen bythe shorter-term futures traders was featu...Read More
OTTAWA, Nov 15 (Reuters) - The Bank of Canada will not raise its benchmark interest rate until the slack in the country's economy is absorbed, which has not yet happened but is getting closer, Governor Tiff Macklem said in a newspaper opinion piece on Monday.Macklem also noted that while inflation risks have increased - driven by pandemic-induced demand shifts, supply disruptions and higher energy...Read More
LONDON, Nov 15 (Reuters) - Bank of England Governor Andrew Bailey said he was very uneasy about the inflation outlook and that his decision to keep interest rates on hold earlier this month, which shocked financial markets, had been a very close call."I'm very uneasy about the inflation situation," Bailey told the House of Commons Treasury Committee on Monday. "I want to be very cle...Read More