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
STOCKHOLM, July 17 (Reuters) - Swedish Sandvik, which makes metal-cutting tools and mining gear, reported record-high quarterly earnings and orders on Tuesday on the back of a broad rise in demand, with its mining unit a particular stand-out.But Sandvik shares fell following the results with some analysts pointing to investor concerns over the company building inventory in the quarter.Boosted by s...Read More
Cameco Corp. (TSX:CCO)(NYSE:CCJ) is up 30% since early February, but market, geopolitical, and company-specific challenges prevail.Let's take a look at Canada's largest uranium producer to see if this is the right time to put Cameco on your contrarian buy list.Market woesUranium spot prices are trending around US$23 per pound. In early 2011, before the tsunami hit the coast of Japan, utilities pai...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD LONE STAR ZONE ASSAYS 1.40 G/T AU OVER 65.05 METERS, INCLUDING 6.07 G/T AU OVER 8.45 METERS Klondike Gold Corp. has provided assay results from seven drill holes at the Lone Star zone, part of a systematic evaluation designed to map the geometry of mineralization across a portion of the zone, at the company's wholly owned Klondike District property in the Yu...Read More
The global economic upswing in conjunction with emerging supply constraints has helped fuel the latest oil rally and generate renewed confidence among financial markets. This has led to a stronger U.S. economy, which along with higher interest rates, have helped buoy the U.S. dollar, thereby hitting precious metals hard. In recent weeks, gold has tumbled, falling from over US$1,340 an ounce to tra...Read More
Mr. Derek White reportsASCOT DISCOVERS ADDITIONAL HIGH-GRADE GOLD AT BIG MISSOURI AND PREMIER/NORTHERN LIGHTS Drilling at Ascot Resources Ltd.'s Big Missouri continues to identify new gold mineralization while drilling at Premier/Northern Lights demonstrates that this area of the current resource still has room to grow. Notable intercepts in this release include:4.29 metres of 8.07 grams per tonne...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES Q2 2018 PRODUCTION RESULTSAvino Silver & Gold Mines Ltd. has released its second quarter 2018 production results from its Avino property near Durango, Mexico.Silver equivalent production in the second quarter of 2018 increased by 6 per cent compared with the second quarter of 2017 due to extra production from the commissioning of mill circuit 4. Copper p...Read More
Jul 18, 2018 Guest(s): Joe Mazumdar Geologist & Analyst, Exploration Insights It may be difficult for another large, high quality deposit to be discovered in Australia anytime soon, as the saturated exploration market and large number of miners operating in the continent means that such a deposit would have already turned up, said Joe Mazumdar, co-editor of Exploration Insights. "I think it's mo...Read More
(Kitco News) - Former U.S. President Donald Trump’s advisor Steve Bannon is now the newest player in the cryptocurrency market, stating that he not only owns bitcoin but is also thinking about creating his own cryptocurrency.“I like bitcoin. I own bitcoin,” Bannon told CNBC during the Delivering Alpha conference in New York on Wednesday.Despite cryptos’ extreme volatility,...Read More
Although gold futures are trading slightly higher, today’s trading activity is highlighted by the fact that gold traded to a lower low and a lower high than yesterday. Currently, gold futures (August Comex contract) are trading at $1,227.80, which is a net gain of $0.50 on the day. It is the intraday low that is most noteworthy.Traders took the precious yellow metal to $1,220.90, a new low f...Read More
(Kitco News) - What’s better than finding the wreckage of a scuttledlegendary warship? Finding one filled with $130 billion worth of gold.Wreckage of the Dmitrii Donskoi. Source: the Shinil GroupSunday, a team of South Korean, British and Canadian diversdiscovered the wreck of a sunken Russian warship that is believed to contain200 tons of gold bullion and coins, equivalent to $130 billion,...Read More
(Kitco News) - Gold and silver prices areslightly down in early-afternoon trading Wednesday, but up from session lowsthat saw the metals hit 12-month lows earlier today. An appreciating U.S.dollar and down-trending crude oil prices are bearish “outside market” forcesworking against the precious metals markets this week. However, the USDX haslost most of its daily gains, while crude oil...Read More
(Kitco News)- Gold prices may have further room to fall but it appearsthat physical sellers are currently exhausted, according to sales data fromKitco Metals.Peter Hug, global trading director at Kitco Metals, saidthat selling in the physical marketplace stopped about two weeks ago and he isnow starting to see buyers jump back into the market as gold prices hover neartheir lowest level in a year.&...Read More
(Kitco News)- Momentumin bitcoin is starting to shift as prices have bounced off June’s nearlyone-year low; however, despite the positive price action, one person remains acritic of the cryptocurrency: Jerome Powell.Inthe last four days, bitcoin has rallied more than 19% as prices push above$7,000 per token, its highest level since mid-June, according to aggregatedprice charts on Kitco.com.D...Read More
Jul 18, 2018 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures "Silver, it's battling. It's a heck of a battle down here against 16 bucks," said Bill Baruch, president of Blue Line Futures. Silver has recently come out of a net short position, according to the Commitment of Traders Report, and is now in a net long position. This means that gold, and not silver, is due to be the le...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD LONE STAR ZONE ASSAYS 1.40 G/T AU OVER 65.05 METERS, INCLUDING 6.07 G/T AU OVER 8.45 METERS Klondike Gold Corp. has provided assay results from seven drill holes at the Lone Star zone, part of a systematic evaluation designed to map the geometry of mineralization across a portion of the zone, at the company's wholly owned Klondike District property in the Yu...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
Mr. Derek White reportsASCOT DISCOVERS ADDITIONAL HIGH-GRADE GOLD AT BIG MISSOURI AND PREMIER/NORTHERN LIGHTS Drilling at Ascot Resources Ltd.'s Big Missouri continues to identify new gold mineralization while drilling at Premier/Northern Lights demonstrates that this area of the current resource still has room to grow. Notable intercepts in this release include:4.29 metres of 8.07 grams per tonne...Read More
(Kitco News)- Although gold prices have droppeddramatically in the last three months, one mining chief executive officer saidthat he sees some underlying strength in the marketplace as shares of gold minershave held relatively steady.Rob McEwen, CEO of McEwen MiningIn a telephone interview withKitco News, Rob McEwen, chairman and CEO of McEwen Mining (NYSE: MUX, TSX: MUX), saidthat while the gold...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES Q2 2018 PRODUCTION RESULTSAvino Silver & Gold Mines Ltd. has released its second quarter 2018 production results from its Avino property near Durango, Mexico.Silver equivalent production in the second quarter of 2018 increased by 6 per cent compared with the second quarter of 2017 due to extra production from the commissioning of mill circuit 4. Copper p...Read More
Here Are Three Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average gains for fifth straight session.Morgan Stanley (MS) rose 2.8% after second-quarter earnings smashed analysts' estimates.Alphabet Inc.'s (GOOGL) Google was fined $5 billion by European authorities for Android antitrust violations. Wall Street Overview Stocks ended mostly higher ...Read More