(Kitco News)- Silver has seen little love frominvestors this year, but according to one market analyst, disdain for theprecious metal has reached its peak and prices are due for a bounce.Mike McGlone, senior commoditystrategist at Bloomberg Intelligence, said in a report Tuesday that sentimentin silver is currently at levels that have often marked significant bottoms.Prices continue to hover near...Read More
We're on the precipice, the verge of a new era.It's already begun, but it's yet to fully take off (no pun intended).It's the age of the drone.As we speak, drones are delivering packages, dusting crops, driving people to work, fighting fires, and bombing terrorists.Criminals are using them to sneak drugs and other contraband into prisons.They're used for dangerous search and rescue missions, ventur...Read More
This morning, the U.S. dollar traded slightly lower to a critical support level at 95.90 before recovering, gathering steam, and moving to much higher ground. As of 5:00 PM Eastern standard time, the dollar index is currently up almost 7/10% (+ 0.639 points) and fixed at 96.705.Dollar strength has taken away the modest gains seen as market participants bid gold prices modestly higher today. Today&...Read More
Mr. David Suda reportsTERRAX INCREASES FINANCING TO $2.3 MILLIONTerrax Minerals Inc., due to significant demand, has increased and closed its previously announced non-brokered private placement for $1.5-million to $2.3-million.The placement now consists of 5.88 million units of the company at a price of 40 cents per unit.Each unit shall consist of one common share and one transferable common share...Read More
92 Resources (TSXV: NTY; US-OTC: RGDCF) recently acquired the 37 sq. km Silver Sands vanadium project in Pine Pass, eastern British Columbia, by paying $15,000 in staking costs. The vendor retains a 2% net smelter returns royalty on the property. Vanadium's spot price has risen more than 550% since September 2016, and is nearing its highest point since 2005.Silver Sands lies just east of Ethos G...Read More
Mr. Chris Taylor reports GREAT BEAR COMPLETES PURCHASE OF 100% ROYALTY-FREE INTEREST IN DIXIE GOLD PROJECT, RED LAKE, ONTARIOGreat Bear Resources Ltd. has accelerated payments and completed its purchase agreements to earn a 100-per-cent royalty-free interest in its flagship Dixie project, located in the Red Lake district of Ontario.Great Bear now has 100-per-cent ownership of the 9,140-hectare pro...Read More
The world's largest miner, BHP Billiton, (ASX, NYSE:BHP) (LON:BLT) has officially dropped "Billiton" from the company's name as part of a $10 million rebranding campaign that seeks to emphasize its Australian roots.The move means that BHP Billiton and BHP Billiton Plc are now BHP Group and BHP Group Plc respectively. All the tickers, including the ones on the London Stock Exchange and the Joha...Read More
Nov 20, 2018 Guest(s): Graham Carman President, CEO & Director, Tinka Resources Zinc is running on a deficit and zinc stocks are bound to see some upside price action soon, said Graham Carman, president and CEO of Tinka Resources. "Zinc stocks have been going down for 10 years now. We're at a 10-year low...prices haven't reacted yet, but prices are likely to react fairly soon. Eventually, zinc j...Read More
(Kitco News) - Gold andsilver prices are modestly lower in early-afternoon U.S. trading Tuesday,pressured by bearish outside markets that include another sharp drop in crudeoil prices and a rally in the U.S. dollar index. However, there’s anotheroutside market force that’s limiting the downside in the safe-haven metals: amajor sell-off in the U.S. stock market recently that has now...Read More
WASHINGTON (Reuters) - White House Economic Adviser Larry Kudlow told reporters on Tuesday the next phase of U.S. tax reform will not happen during the final months of 2018, the “lame duck” period when Republicans will still control Congress.A follow-up to Republicans’ 2017 tax overhaul could be passed in the new session of Congress starting in January, Kudlow said, even though D...Read More
Tuesday's Market Minute The Dow Jones Industrial Average fell triple digits for the second straight session.The Nasdaq led losses as the tech-heavy index pushed further into correction territory.Shares of Facebook were down again after the company experienced outages in the U.S. and Europe. U.S. stocks were hit with significant losses for the second straight session with all three major i...Read More
Vancouver-based Canarc Resource (TSX: CCM) just bought the Corral Canyon gold exploration project in northwestern Nevada through the staking of 92 mining claims. The Vancouver-based miner now owns 100% of the project with no underlying royalties.According to Canarc, the 742-hectare project lies along a regionally productive gold trend that includes the past producing high-grade Sleeper gold mine,...Read More
Great Bear Resources (TSXV: GBR) announced that it completed a series of payments aimed at gaining 100% royalty-free interest in its flagship Dixie gold project.The 9,140-hectare project is located in the Red Lake district in western Ontario, a place that has produced over 30 million ounces of gold. Goldcorp's Red Lake Gold Mine is located in the area.In a media statement, Great Bear explained tha...Read More
A storm is comingin the equities markets and the first sign of a equity rain cloud is the deathcross that is hanging over the Russell 2000. This occurs when the 50-day movingaverage (DMA) crosses below the 200 DMA to the downside (see chart below). Ibelieve a break in the equities could be the catalyst that pushes gold through $1246/ozand powers it up to the 200 DMA at $1276/oz. Now recently sever...Read More
Mr. Nav Dhaliwal reports BONTERRA AND DUKE OPTION DRILLING EXTENDS GLADIATOR LENGTH TO 4.5 KMBonterra Resources Inc.'s Gladiator mineralized trend has been extended to over 4.5 kilometres as a result of new drill results as well as new information gained through the Duke joint venture database.Drilling by Bonterra and by the previous owner of the Duke ground (Beaufield Resources Inc., now Osisko M...Read More
Mr. Cooper Quinn reportsOSPREY ANNOUNCES ASSAY RESULTS FROM PREVIOUSLY UNSAMPLED CORE AT CARIBOU PROJECT, INCLUDING 70.57 METRES OF 1.58 GRAMS PER TONNE GOLDOsprey Gold Development Ltd. has provided further results from its continuing 2018 exploration program under way at the Caribou gold project located in Nova Scotia, Canada. Caribou is approximately 80 kilometres northeast of the city of Halifa...Read More
(Kitco News) - Average daily gold turnover was$36.9 billion and 30.2 million ounces in the London over-the-counter market duringthe last week, the London Bullion Market Association reported Tuesday uponreleasing a new report aimed at increasing transparency in the market.Average daily silver volumeduring this period was $5.2 billion and 359.3 million ounces, the report said.Some analysts pointe...Read More
Mr. Nelson Baker reports MINERAL MOUNTAIN RESOURCES LTD. - WINTER PHASE 2 DRILL PROGRAM FINALIZEDMineral Mountain Resources Ltd. and its wholly owned subsidiary, Mineral Mountain Resources (SD) Inc., have engaged the professional services of Devico AS, a recognized expert in directional core drilling (DCD), to partner with the company's drill contractor, First Drilling, to target over 1,130 metres...Read More
Monthly data from the Swiss Federal Customs Administrationshow that gold demand in key Asian buying nations was weak during October, saysCommerzbank. The report shows that Switzerland exported only 11.3 tonnes ofgold to India last month, the least in at least five years. “This was probablydue to sharp rises in local gold prices, as gold in Indian rupees increased byover 10% in price between...Read More
Graceland Updates 4am-7amhttps://www.gracelandupdates.comhttps://gracelandjuniors.comhttps://gudividends.com|https://guswinger.com https://gublockchain.comEmail:stewart@gracelandupdates.comstewart@gracelandjuniors.comstewart@gudividends.comstewart@guswinger.comadmin@gublockchain.comNovember 20, 20181. After breaking upside from a double bottom pattern, gold continues its solid price action. M...Read More