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
Perth-based junior, Sunstone Metals, is selling its Viscaria Copper Project to Copperstone Resources AB, a copper focused exploration company based in Sweden, for US$30.3 million. The project will be run as partnership between the two companies and will be named the Viscaria Copper Project. The two companies have just signed a non-biding letter of intent. Completion of the deal is subject to closi...Read More
One of the biggest one-time factors in a stock surge, or plunge, is acquisition news. Companies that are getting acquired tend to see significant gains, as investors are offered a premium to current market prices.At times, a company's share price can be bid up above the offer price in anticipation of a competing bid or a higher bid by the same company. On the flip side, if no competing bid materi...Read More
(Kitco News) - This summer’s deflated gold prices will not receive any significant boost until the second half of next year, said Capital Economics while revising its 2018 year-end forecast from $1,300 to $1,200 an ounce.Gold’s 2018 downfall is largely the U.S. dollar story, which is set to run its course for the rest of the year, Capital Economics commodities economist Simona Gambarin...Read More
Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapac?? Region in northern Chile.Yesterday, Teck said that the regional Environmental Committee of Tarapac?? voted to approve the project's Environmental Impact Assessment.The mine is expected to generate 300,000 tonnes of copper equivalent production per year for the first five years of mine life.Teck est...Read More
Mr. Walter Coles Jr. reportsSKEENA INTERSECTS 10.52 G/T GOLD OVER 4.10 METRES AT SNIPSkeena Resources Ltd. has provided additional assay results for six drill holes from the phase II underground drilling program at the company's 100-per-cent-owned Snip gold project located in the Golden Triangle of British Columbia.The phase II drilling program is now complete. A total of 9,583 metres were drilled...Read More
Aug 09, 2018 Guest(s): Brent Cook Exploration Insights Ivan Bebek Executive Chairman, Auryn Resources E.B. Tucker Investors shouldn't be too caught up in potential metals price rallies, since there are opportunities to make money even if prices trade sideways, this according to the panelists at the International Mining Investment Conference in Vancouver. Ivan Bebek, CEO of Auryn Resources, note...Read More
Aben Resources (TSX-V:ABN) said its first drill hole at its Forrest Kerr project showed multiple high-grade zones including 62.4 g/t gold over 6.0m within 38.7 g/t gold over 10.0m.The junior was up 50 percent today to 30.5 cents."The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong m...Read More
(Kitco News) - Just as bitcoin was starting to look better and trading above $8,000, prices are down again and technical analysts are warning that there could be more trouble ahead for the popular cryptocurrency.Despite positive news this week that Goldman Sachs Group is looking into offering custody for crypto funds, bitcoin prices tumbled after topping $8,000 in July, disappointing crypto bulls...Read More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced second quarter 2018 financial and operating results.HIGHLIGHTSNet income applicable to common shareholders of $11.9 million, or $0.03 per share.Adjusted net income applicable to common shareholders of $3.0 million, or $0.01 per share. 1Sales of $147.3 million.Adjusted E...Read More
A strong U.S. dollar has tempered any real upside move in the precious metals markets today. Although traders are currently bidding up the all the precious metals, only silver, platinum and palladium have closed with positive gains. This can very well be explained as the three precious white metals all have intrinsic industrial value, and as such are reacting favorably to recent economic data.Gold...Read More
Federal Reserve Bank of RichmondRichmond Fed President Tom Barkin, a former top executive at McKinsey, says many firms still don't think they can pass on higher prices to consumers. Solid growth, low unemployment and inflation running at around a 2% annual rate "calls for" moving interest rates back to normal levels, and the U.S. central bank "should follow through," said Richmond Fed President To...Read More
(Kitco News) - Gold and silver prices are steady to slightly higher in quieter early-afternoon U.S.trading Thursday. Both metals are seeing some stabilization this week afterrecently notching 12-month lows. December gold futures were last down $0.10 anounce at $1,220.90. September Comex silver was last up $0.038 at $15.47 anounce.Goldgot a slight boost following this morning’s U.S. producer...Read More
Getty ImagesVeterans attend the first Los Angeles International Airport Job Fair for Veterans. The numbers: There were 6.66 million job openings at the end of June, the Labor Department said Tuesday, up fractionally from May's levels and the third highest in history. The series dates back to 2000. The quits rate, seen as a proxy for employee willingness to search for a better-paying position, s...Read More
(Kitco News)- U.S. long-term bond yields unableto rise above 3% could be bullish for gold prices in the near term, accordingto one research firm.Ilya Spivak, senior currencystrategist at DailyFX, said in a report Thursday that the gold market isattracting some bargain hunters after the bond market was able to absorb recordissuances of $26 billion in 10-year notes Wednesday.Spivak noted that thebid...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Nasdaq was flat at the close on Thursday. The index had closed higher for seven straight sessions.Rite Aid Corp. (RAD) tumbled 12% on Thursday after its merger with Albertsons Cos. was terminated.Roku Inc. (ROKU) jumped 21% after second-quarter sales topped analysts' forecasts. Wall Street Overview Stocks slid in...Read More
The eight best stock-market indicators are all flashing warning lights - some yellow, others a shade or two closer to red - and the takeaway is that returns are looking pretty grim over the next decade, according to Mark Hulbert, a longtime MarketWatcher and founder of the Hulbert Financial Digest. "Of course, it is impossible to say that there aren't other indicators with even better long-term re...Read More
Mr. Curt Hogge reportsMINERAL MOUNTAIN INTERSECTS 2.12 GPT OVER 20.0 METRES EXTENDS STEEPLY PLUNGING HIGH GRADE SHOOT TO 230 METRES DOWN PLUNGEMineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. have completed a total of six of the planned 12 NQ diamond drill holes, totalling 2,155 metres,on the company's Standby mine target in the Rochford district in the Black...Read More
CHICAGO (Reuters) - The U.S. economy is performing “very well” with continued growth clearing the way for one or two more interest rate hikes in 2018, Chicago Federal Reserve Bank President Charles Evans said on Thursday in an interview in which he dismissed earlier worries about weak inflation.“It could be one or two more,” following rate increases in April and June, said...Read More
Every day I wake up thinking thatwe may see a new day for gold, and every day there is disappointment. The tradein gold is a lot like life -- good days, bad days, highs and lows. Like themarkets, life never announces what is going to happen next.Gold is in a low period now;every day is a bad day. The action in gold feels like a bottomless pit with nohope that it will ever rally again. Traders cont...Read More
In late January, the 10% sell-off of the S&P 500 Index was caused by the prospect of a global trade war. Six months later, the U.S. equity markets have recovered but "trade war" headlines dominate the news. On June 1, the Trump administration launched its steel and aluminum tariffs on imports from Canada, Mexico and the European Union. New tariffs on Chinese goods followed and we are now in th...Read More