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
(Adds details, comments, table, byline)By Saqib Iqbal AhmedNEW YORK, Jan 12 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market spe...Read More
Mr. Robert Carrington reportsNEWRANGE FINDS NEW HOST ROCK UNITS WITH DEEP DRILLING AT PAMLICO GOLD PROJECT, NEVADA Newrange Gold Corp. has identified multiple new rock units favourable for hosting gold mineralizationin the Merritt target area at the company's 100-per-cent-controlled Pamlico project in western Nevada. In particular, the company has now verified quartz veining and silicification in...Read More
NEW YORK, Jan 12 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and C...Read More
ePower Metals (EPWR.V), the new name of Argus Metals (AML.V) has completed its fall exploration program at the Panther Creek cobalt project in Idaho a few weeks ago. This first exploration program was predominantly focusing on collecting (soil and rock) samples to pave the way for a drill program in 2018.A total of 811 samples 797 soil samples and 14 rock samples) were taken from the property and...Read More
* Euro surges on ECB tapering hopes; sterling jumps* Wall St scales record highs on earnings optimism, data* U.S. yields up on inflation, 2-year highest since 2008 crisis* Oil adds to rally, heads for fourth week of gains (Updates with oil settlements)By Caroline ValetkevitchNEW YORK, Jan 12 (Reuters) - The U.S. dollar slumped to a more than three-year low against the euro on Friday, extending rec...Read More
* Euro highest since late 2014* Dollar index hits four-month low* Sterling soars to highest level since Brexit vote* Bitcoin bounces after 11 percent drop (Updates prices, market activity, comment)By Saqib Iqbal AhmedNEW YORK, Jan 12 (Reuters) - The dollar slipped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank...Read More
Adam HamiltonArchivesJan 12, 2018 The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold in...Read More
Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day. CloseGain/LossOn WeekGold $1338.00+$16.20+1.33%Silver$17.24+$0.26+0.23%XAU89.11+2.37%+1.97%HUI201.34+2.97%+1.62%GDM670.32+2.67%+1.27%JSE Gold1331.43+6.31+0.66%USD90.95-0.95-1.11%Euro122.06+1.74+1.36%Yen90.03UNCH+1.81%Oil$64.30+$0.50+4.65%10-Year2.548%+0.012+2.87%Bond150.46875+0.03125-0.97%Dow25803.19+0.89%+2.01%Nasda...Read More
China, the world's largest copper consuming country, imported 4.69 million tonnes of unwrought copper in 2017, down 5.7% from a year ago, according to the latest customs data.The amount of unwrought copper brought into the country in 2016 was 4.95 million tonnes. The drop stands in contrast to the rising domestic copper production. For the first ten months...Read More
(Kitco News) While the gold market has its issues, it still surpasses bitcoin in may ways, according to a veteran trader. "Bitcoin has no intrinsic value," said Carley Garner, president of DeCarley Trading, in an interview with Kitco News, "Bitcoin is more of an idea than an asset at this point, in my opinion." Turning to gold, Garner said the yellow metal has room to move $30 higher due to seaso...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort289,16185,87369,270150,099370,370508,530525,513Change from Prior Reporting Period 47,7337,7139,222-5,00537,66651,95054,601Traders17990854554263194 Small Speculators LongShortOpen Interest 46,92529,942555,455 2,77412354,724 non reportable positionsChange from the previous reportin...Read More
Gold bullion set for fifth week of gains as dollar slumps (Reuters.com)Asia Stocks Are Mixed as Euro Gains, Bonds, Gold Bullion Steady (Bloomberg.com)U.S. runs December budget deficit of $23 billion - Treasury (MarketWatch.com)Uproar over crackdown on cryptocurrencies divides South Korea (Reuters.com)Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul (Bloomberg.com)Bill Gross of Janus:...Read More
Happy Lohri, Makar Sankranti and Pongal to everyoneMonday US markets are closed. Traders will take positions for Tuesday. The hawkish European central bank meeting also supported gold prices. Next week, the Federal Reserve Beige book and US housing numbers will affect metals as well as currency markets. Traders expect a strong growth view from the Federal Reserve. If consumer price index numbers...Read More
Operations at Glencore's Pasar copper smelter in Philippines have been suspended since last week due to a technical failure, a source at the company confirmed to Metal Bulletin on Friday January 12. "There has been an equipment failure at the plant related to the cooler (and relevant controls have already kicked in) and operations have been suspended," the source said. It is not yet known when the...Read More
ABUJA, Jan 12 (Reuters) - Nigeria's central bank said on Friday it had injected $262.5million into the interbank foreign exchange market, extending efforts to improve liquidity and alleviate dollar shortages.The bank said in a statement it had released the funds for use by businesses in the agricultural and petroleum sectors as well as airlines.The bank said it would continue to intervene in the f...Read More
Mr. Robert Carrington reportsNEWRANGE FINDS NEW HOST ROCK UNITS WITH DEEP DRILLING AT PAMLICO GOLD PROJECT, NEVADA Newrange Gold Corp. has identified multiple new rock units favourable for hosting gold mineralizationin the Merritt target area at the company's 100-per-cent-controlled Pamlico project in western Nevada. In particular, the company has now verified quartz veining and silicification in...Read More
(Kitco News) - First Majestic Silver Corp. (TSX: FR; NYSE: AG) has agreed to acquire Primero MiningCorp. (TSX: P) in an all-stockdeal, the companies announced Friday.With the addition ofPrimero’s San Dimas silver-gold mine in Mexico, First Majestic said it anticipatescompany annualized silver-equivalent production of 27 million to 30 millionounces. First Majestic already operates six mi...Read More
Aerial view of the past-producing Sterling Gold Mine in southwest Nevada. Source: Northern Empire Resources Corp.Toronto investment firm M Partners has named Northern Empire Resources Corp.'s [NM-TSXV, PSPGF-USOTC] as its top exploration pick for 2018.In a Mining New Year Review that was published on January 9, 2018, M Partners said it is recommending the stock amid expectations that Northern Empi...Read More
Shares of Radient Technologies Inc. (TSXV:RTI) have surged more than 340% in the past six months, hitting an all-time high of $2.28 on January 9SmallCapPower | January 12, 2018: Radient Technologies Inc. (TSXV:RTI) shares climbed 16% on Tuesday after the Company provided an update on its operations and 2018 growth initiatives. Along with corporate updates, Radient Technologies announced real estat...Read More
Map depicting the various mineral properties of Columbus Gold's spin-out company, Allegiant Gold Ltd. Source: Columbus Gold Corp.Columbus Gold Corp. [CGT-TSX, CBGDF-OTCQX] on Friday January 12 said it has taken another key step towards the planned spin-out of its Western United States exploration assets into a new company, Allegiant Gold Ltd. The company said it has obtained conditional approval f...Read More