Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
(Kitco News) Gold has the potential to double once the Federal Reserve begins to tighten and hike rates to fight off hotter-than-expected inflation, said Peter Boockvar, chief investment officer at Bleakley Advisory Group."If you inflation adjust gold for its 1980 high, it can go to $2,500, it can overshoot $3,000 plus," Boockvar told Michelle Makori, editor-in-chief of Kitco News. "Silver &hellip...Read More
Dear Outsider,On April 4, 2012, President Obama signed the Stop Trading on Congressional Knowledge (STOCK) Act, which supposedly put an end to the controversial (and legal) practice of congressmen and senators trading stocks based on material, nonpublic information, often in sectors that they influence, i.e, insider trading.Congress quickly passed the bill just months after a 60 Minutes episode ex...Read More
(Kitco News) Silver has been "dead money" for the past six months, but its fortune is about to change with the precious metal's fundamentals pointing to a breakout towards $35, said Jim Iuorio, TJM Institutional Services managing director.After frustrating several months, silver finally found its spotlight, Iuorio told Michelle Makori, editor-in-chief of Kitco News. Silver is up more than 4% on th...Read More
Gold futures are trading modestly lower with dollarstrength being the primary force taking the precious yellow metal lower. As of4:45 PM EDT gold futures basis most active December 2021 contract is down twodollars, or -0.11% and is fixed at $1782.10. Concurrently spot or Forex gold iscurrently jumping between fractional losses and fractional gains. Currentlyspot gold is fixed at $1,782.55 approxim...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) - In a world awash withovervalued equity markets, one market strategist once again has his eyes on themining sector as it continues to be ignored by generalist investors.In his latest market report,Jesse...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 aremodestly lower in midday U.S. trading Thursday, on normal corrective pullbacksafter recent gains. Both metals remain in near-term price uptrends on the dailybar charts. A fi...Read More
Mr. Michael Spreadborough reportsNEAR-MINE HIGH-GRADE MINERALIZATION CONFIRMED 3 KM FROM GOLDEN EAGLE PROCESSING PLANTNovo Resources Corp. has provided an update on recent brownfield exploration drilling conducted at the Genie prospect. The maiden RC (reverse circulation) drilling program of 31 holes (for a total of 1,787 metres (m)) was completed at Genie in September, 2021. Significant intersect...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) - A supply crunch and growing demand have pushed the coppermarket to the brink of a new breaking point as the London Metals Exchangeadjusts its rules to deal with historically low inventory levels.The cu...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) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have...Read More
Mr. Tom Larsen reportsMAGNETIC INVERSION MODEL CONFIRMS EXTENSIVE MINERALIZED SYSTEM AT ISKA ISKA EXTENDING OVER 2.4 KILOMETRE STRIKE LENGTHEloro Resources Ltd. has provided an update on exploration activities at its Iska Iska silver-tin polymetallic project in the Potosi department, southern Bolivia. To date, the Company has completed 32,606 metres (m) of drilling in 63 holes, including three (3)...Read More
New Found Announces $48 Million Investment by Eric SprottCanada NewsWireVANCOUVER, BC, Oct. 21, 2021Read More
Mr. Cor Coe reportsSITKA DRILLS 82.0 METRES OF 0.61 G/T GOLD AT RC GOLD IN YUKON Sitka Gold Corp. has released the results for three additional diamond drill holes from the company's 2021 exploration program at the Saddle-Eiger zone on its RC gold project. The results presented herein are for holes DDRCCC-21-013, DDRCCC-21-014 and DDRCCC-21-015, all of which were drilled in the Eiger zone, located...Read More
Despite lackluster third quarter and year-to-date performance for gold, the fundamental backdrop for precious metals and related mining share prices continues to strengthen in our opinion. Here's why we believe this: Inflation has become increasingly problematic and more persistent than previous sanguine assessments by Federal Reserve Board (Fed) Chairman Jay Powell and other Fed officials.1Real...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 remains caught in neutral finding littlemomentum in either direction even as the U.S. housing market continues toattract buyers.Existinghome sales rose to a seasonally adjusted and annua...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) -Weaker-than-expected manufacturing data is having littleimpact on gold prices as markets focus on growing momentum in the U.S. labormarket.Thursday,Philadelphia Federal Reserve said its manufacturing bu...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 Road Resources (ASX:GOR) is making an offer for ApolloConsolidated (ASX:AOP), following Ramelius Resources (ASX:RMS) proposal fromearlier this month. The Gold Road offer was announced today by Apo...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) - Strong copper prices and lower input costs led Freeport-McMoRan (NYSE: FCX) solid earnings in thethird quarter. Thursday, the giant copper producer reported net incomeattributable to common stock in th...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 21 that are worth another look.Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.The government of the United...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) - Palladium is in a very interesting place at the moment. The pricehas stalled on the downside but is stuck between a rock and a hard place forthe bulls. The drop had been quite something after the great...Read More
The government of the United Kingdom plans to set up an expert committee on critical minerals to provide independent advice on the scope and content of a critical minerals strategy to meet the country's net-zero carbon emissions targets, it said.In a move designed to guide investment decisions, the government also plans to update the country's critical minerals list, which details materials that a...Read More