Mr. Peeyush Varshney reportsCANADA ZINC METALS ENGAGES JDS FOR PRELIMINARY ECONOMIC ASSESSMENT FOR AKIE PROJECT Canada Zinc Metals Corp.has formally engaged JDS Energy & Mining Inc. of Vancouver, B.C., to conduct a preliminary economic assessment (PEA) of its 100-per-cent-owned zinc-lead-silver Cardiac Creek deposit located on the Akie property in northeastern British Columbia. JDS is widely r...Read More
B2Gold Corp.(TSX: BTO; NYSE AMERICAN: BTG; NSX: B2G) reports a higher profit in the fourthquarter even when excluding the revenue from the new Fekola mine, for whichconstruction was completed in September. The company recorded net income of$34.5 million, or 3 cents per share, up from $8.1 million, or a penny, in theyear-ago period. Adjusted net income rose to $5.7 million, or a penny, from$2.5 mil...Read More
WASHINGTON/OSLO (Reuters) - U.S. President Donald Trump has bashed international efforts to combat climate change and questioned the scientific consensus that global warming is dangerous and driven by human consumption of fossil fuels.But there is a disconnect between what Trump says at home and what his government does abroad. While attention has been focused on Trump’s rhetoric, State Depa...Read More
Mr. John Burzynski reportsOSISKO RELEASES RESOURCE ESTIMATE FOR OSBORNE-BELLOsisko Mining Inc. has provided a mineral resource estimate for its 100-per-cent-owned Osborne-Bell gold deposit, located 15 kilometres northwest of the town of Lebel-sur-Quevillon, Que. This estimate is the result of 927 drill holes (279,925 metres) completed by previous operators on the project since 1994, including 50 t...Read More
NEW YORK (Reuters) - A long rally in technology stocks has left investors thirsting for more, but that could be a mistake as the strengthening U.S. economy points to better value in other stocks.Heavyweights like Apple (AAPL.O), Alphabet (GOOGL.O) and Facebook (FB.O) have especially helped growth indexes in the past year rise more than value indexes, which right now are heavily weighted in financi...Read More
(Kitco News)-Gold pricesremain under pressure as regional manufacturing data showed mixed growth inMarch, according to two regional Federal Reserve banks. The NewYork Federal Reserve said that their manufacturing sectors saw strong growththis month. But at the same time, the PhiladelphiaFederal Reserve reported slightly weaker than expected growth in the sector. “Firmsremained optimistic a...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News)- InitialU.S. jobless claims fell by 4,000 to a seasonally adjusted 226,000 in theweek to Saturday, the Labor Department said Thursday.Consensusforecasts compiled by various news organizations called for initial claims tobe around 228,000 to 229,000. The government revised the prior week's tally to 230,000claims f...Read More
'Good Side' of U.S. Eco Data Is Strong, Says BofA's MeyerU.S. filings for unemployment benefits fell for the third time in four weeks and remain near the lowest level in 48 years, underscoring tightness in the job market, Labor Department figures showed Thursday.Highlights of Jobless Claims (Week Ended March 10)Jobless claims decreased by 4k to 226k (est. 228k)Continuing claims rose by 4k to 1.879...Read More
(Kitco News)- Gold continues to wobble around in a tight range, with supportaround the $1,322 level and resistance overhead at $1,328. The tariff scare hasbeen watered down considerably with the Trump administration grantingexemptions to a number of countries. Traders are eyeing any response from China, where President Trump continues to focus on thelarge trade deficit between the U.S. and the wor...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
WASHINGTON (Reuters) - U.S. regulators are preparing to sanction Wells Fargo for receiving commissions on auto insurance policies it helped force on more than half a million drivers, people with direct knowledge of the probes told Reuters.In July, Wells Fargo blamed a third-party vendor for wrongly layering insurance policies on its auto borrowers. Wells Fargo did not explain that it received payo...Read More
ZURICH (Reuters) - Swiss National Bank Chairman Thomas Jordan said U.S. protectionist tendencies posed a big risk to the Swiss economy and could trigger renewed demand for the traditional safe-haven Swiss franc.“The risks have not materialised yet, but if international trade doesn’t function well, that is damaging for everyone,” Jordan told Swiss broadcaster SRF in an interview o...Read More
BRUSSELS (Reuters) - The European Ombudsman called on the EU executive on Thursday to review whether its former president, Jose Manuel Barroso, ought to be working for Goldman Sachs after complaints that he was harming the EU’s image.The recommendation from the bloc’s ethics watchdog follows a year-long inquiry triggered after Barroso, a former Portuguese premier who led the European C...Read More
NEW DELHI (Reuters) - India does not consider the stand-off with the United States at the World Trade Organisation over export subsidies to be the beginning of a trade war, Indian trade secretary Rita Teaotia told reporters on Thursday.The United States on Wednesday launched a challenge to Indian export subsidies at the World Trade Organization, saying they hurt U.S. companies by letting Indian ex...Read More
LONDON (Reuters) - Oil prices were broadly steady on Thursday, supported by a pickup in equity markets, but held back by evidence that supply will overtake demand this year.Brent crude futures LCOc1 were last down 13 cents on the day at $64.76 a barrel, while U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 1 cent at $60.97 a barrel.Global oil demand is expected to pick up this year b...Read More
• USD selling pressure seems to have abated. • Fading safe-haven demand fails to lend support. Gold trimmed a major part of its early tepid gains, back closer to yesterday's one-week tops, and has now retreated towards the lower end of its daily trading range. Against the backdrop of yesterday's disappointing US monthly retail sales data...Read More
From a trader's standpoint, thereis no worse pattern than the consolidation or congestion pattern. The patternstands for the greatest time of uncertainty. The bulls get excited and pushmarkets up to a certain point, and bears show up with new money and sell. Themarkets make a series of double tops and double bottoms and go nowhere.Gold is in that exact pattern. Ithas been consolidating since the b...Read More
Gold (XAU/USD) is mildly bid, awaits range breakout. 12-month risk reversals have retraced major chunk of XAU call bias. Gold is mildly bid in Asia at $1,326, courtesy of rising fears of the trade war, but still stuck in a weeklong trading range of $1,330-$1,310. The multiple daily candles with long shadows indicate the metal will likely witness an upside break of the trading range. The technica...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average remains more than 1,800 points below its all-time high set on Jan. 26.The Dow and S&P 500 finished lower for a third straight session.The Nasdaq has declined for two straight days after a seven-session winning streak. Wall Street Overview Stocks finished lower on Wednesday, March 14, as investors debated...Read More
Bitcoin prices fell to the lowest levels in a month Wednesday after Google said it would ban ads for initial coin offerings and digital currency trading platforms as regulatory oversight in the global cryptocurrency market tightens. The move, which is set to take effect in June, follows a similar decision by Facebook and suggests regulatory pressures are starting to inhibit the marketing potenti...Read More