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Asian Metals Market Update: May-09-2019

May 09, 2019 / news.goldseek.com

Over the past two years, direction of a nation's currency has had a bigger impact on gold, silver and all metal prices. Gold and silver have been trading in a wider range. Winning bets are those who are able to correctly forecast the trend of their national currencies. Gold and silver are not rising (in US dollar quote) despite all the positive factors. Central banks are buying gold. There is tr...Read More

Amazon's Echo Dot Kids Edition is illegally recording your children, 19 privacy advocates warn

May 09, 2019 / marketsanity.com

The researches alleged that kids' recordings are stored in the cloud forever unless their parent actively delete them. Continue...Read More

Facebook co-founder calls for the company to be broken up and says Zuckerberg has 'unilateral control over speech'

May 09, 2019 / marketsanity.com

"The most problematic aspect of Facebook's power is Mark's unilateral control over speech. There is no precedent for his ability to monitor, organize and even censor the Continue...Read More

Jordan Roy-Byrne Interview: Technical Outlook in Metals

May 08, 2019 / marketsanity.com

Jordan Roy-Byrne, Founder of The Daily Gold shares his thoughts on the gold, GDX, and silver charts. It was a disappointing reversal for gold this morning as it reached $1,290 then dropped $10 in a couple hours. Overall the metal is still very much within its range however the stocks and silver continue to drift lower.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market...Read More

Deutsche Bank's Crisis Will Likely Lead To U.S. and Global Banking Crisis

May 06, 2019 / marketsanity.com

Christopher Whalen is an investment banker and chairman of Whalen Global Advisors LLC. He is the author of three books, including Ford Men: From Inspiration to Enterprise (2017) and InflatedContinue...Read More

Tyson Foods now has to use X-ray metal detectors to screen for 'fragments' in its processed chicken

May 09, 2019 / marketsanity.com

"The frozen, ready-to-eat chicken strip items were produced on various dates from Oct. 1, 2018 through March 8, 2019 and have 'use by dates' of Oct. 1, 2019 through March 7, 2020,"Continue...Read More

Gold Is Down But Not Out! Why Did Gold UNEXPECTLY Lose Momentum? Ken Lewis Interview

May 09, 2019 / marketsanity.com

TOPICS IN THIS INTERVIEW:02:00 Gold's continued price pullback05:50 Trump's stance on precious metals08:20 A catalyst to a higher price14:20 Using an immutable Blockchain to purchase Gold & SilverRead More

Monarch investment in Unigold's Dominican Republic project lights up stock

May 09, 2019 / www.mining.com

Quebec-focused Monarch Gold (TSX: MQR) is taking a 14.2% stake in Unigold (TSXV: UGD), whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes grading 1.59 grams gold per tonne for 2.01 million ounces of gold. Unigold's stock soared over 45% on the news.Monarch has acquired from an investor a block of 6.5 million Unigold shares at a price of $0.115 p...Read More

New Federal Legislation Requires Full Audit of America's Gold Reserves

May 08, 2019 / marketsanity.com

A "full assay, inventory, and audit of all gold reserves, including any gold in 'deep storage,' of the United Continue...Read More

Race for AngloGold assets may pit Sibanye against rival Harmony

May 09, 2019 / www.mining.com

Sibanye Gold Ltd. faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.Sibanye, headed by South Africa's prolific mining deal-maker, Neal Froneman, would be interested in purchasing AngloGold's remaining mine in the country. But he'd likely face a challenge from other producers, notably Harmony Gold Mining Co. and Chinese-b...Read More

Alamos Gold drills more high grade intersections at Island mine

May 09, 2019 / www.mining.com

Alamos Gold of Toronto is drilling more high grade intersections at the producing Island Gold mine 85 km northeast of Wawa. The company is focusing its attention on the Eastern, Main and Western extensions with both surface and underground drilling.Hole MH18-03 was drilled in the 500-metre gap between inferred resources of the Eastern and Main extensions. It assayed 46.11 g/t gold (26.81 g/t cut)...Read More

Mining exploration in Mexico hits 12-year low

May 09, 2019 / www.mining.com

Investment in mineral exploration in Mexico hit a 12-year low last year, due mainly to social conflicts that forced some companies to halt operations, according to a report published this week by the country's mining chamber, Camimex.Around $383 million was invested in exploration in Mexico last year, down 37.4% from the $612 million registered in 2017Foreign and local companies invested about $38...Read More

South African gold output extends biggest drop in a decade

May 09, 2019 / www.mining.com

South African gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.Output of the precious metal dropped 18% from a year earlier compared with a 21% decline in February, Pretoria-based Statistics South Africa said in a statement Thursday. Production contracted for 29 months through January 2009.Key InsightsSouth Africa used...Read More

Acacia seeks clarification on North Mara dispute, production jumps

May 09, 2019 / www.mining.com

Acacia Mining Plc saw a surge in gold production in April thanks chiefly to a 54-percent rise in output from its disputed North Mara gold mine in Tanzania.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government banned the export of mineral concentrates in 2017.Barrick's Chief Executive Mark Bristow on Wedne...Read More

AngloGold plans to sell last South Africa mine as era closes

May 09, 2019 / www.mining.com

AngloGold Ashanti Ltd. plans to sell its last South African mine, marking the exit of Anglo American Plc and the companies it spawned from the industry that created Africa's biggest economy.Anglo's creation in 1917 by Ernest Oppenheimer and the subsequent development of what was for decades the world's biggest gold industry underpinned the development of South Africa into the continent's preeminen...Read More

Ginguro to acquire 80% interest in Valterra's Weepah gold project

May 09, 2019 / www.mining.com

Valterra Resource (TSXV: VQA) and Ginguro Gold signed a letter of intent this week in which the latter expresses its intention to acquire an 80% interest in the Weepah property, located in Esmeralda County, Nevada.To move forward with the deal, Ginguro would have to pay Valterra $10,000 upon execution of the LOI and incur in $1,050,000 in cumulative aggregate exploration expenditures on or in resp...Read More

Gold Explorer Hits Deepest High-Grade Intercept in Red Lake Project Zone

May 09, 2019 / www.theaureport.com

The company finds this particular target increasingly compelling each time it drills. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release new drill results from the Dixie Hinge and other zones at its Dixie gold project in Ontario's Red Lake District. Generally, the 28-meter (28m) and 100m stepdown drill holes along the projected plunge and dip of two high-grade gold tren...Read More

Flagship Montana Project Demonstrates Thick Polymetallic Intercepts

May 09, 2019 / www.theaureport.com

Drill and sample results demonstrate the presence of Platreef-style grade and potential bulk tonnage scale. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release further 2018 drill results from Iron Mountain, located on the east side of its Stillwater West project in Montana."The Iron Mountain target includes some of the most compelling examples to date of the pote...Read More

FOCUS: Production curbs, US tariff threat keep Chinese steel market in flux

May 10, 2019 / www.metalbulletin.com

The Chinese steel market is likely to be caught between the poles of production cuts in Tangshan and bearish sentiment arising from a threat of higher import tariffs in the United States in May.As such, market participants are expecting steel prices to experience some short-term fluctuation, albeit in a narrow range."Spot prices in the coming weeks will depend on whether Tangshan strictly implemen...Read More

Australian junior Aurelia forgoes Glencore copper mine buy

May 09, 2019 / www.mining.com

Australian exploration and development Aurelia Metals (ASX:AMI) said on Thursday it was no longer discussing with miner and commodities trader Glencore (LON: GLEN) a possible acquisition of the Swiss company's CSA copper mine.The New South Wales-based miner is the second since April to back off from plans to buy the operation.Fellow copper junior Aeris Resources (ASX: AIS) had offered Glencor...Read More

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