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
Peninsula Energy Ltd (ASX:PEN) director Mark Wheatley has demonstrated his confidence in the company's uranium strategy by acquiring shares on-market.The non-executive director has this week purchased 47,496 shares with a total value of more than $10,000.This purchase takes his overall holding in the uranium producer to 103,852 shares.READ: Peninsula Energy's managing director adds to shareho...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
Gold is going nowhere but itseems to be in a hurry, or at least traders and investors are impatient. Awatched pot never boils, and gold will make the next move when it's ready andnot one minute before.The most important components of tradingand investing are not the news or opinions of others but the patience for thechart to guide you. All markets leave footprints or a treasure map of what'sgoing...Read More
OTTAWA (Reuters) - The Bank of Canada will review its monetary policies and is open to making major changes, including a move away from its long-standing practice of targeting inflation, a senior official said on Tuesday.The deadline for the review is late 2021, when the central bank is due to renew its five-year inflation control agreement with the federal government. The inflation target has bee...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 20.Please click...Read More
WASHINGTON (Reuters) - President Donald Trump vowed on Tuesday to remain a “steadfast partner” of Saudi Arabia despite saying that Saudi Crown Prince Mohammed bin Salman may have known about the plan to murder dissident journalist Jamal Khashoggi last month.Defying pressure from U.S. lawmakers to impose tougher sanctions on Saudi Arabia, Trump also said he would not cancel military con...Read More
(Kitco News)- Goldprices continue to push higher as U.S. housing data come in line withexpectations.TheCommerce Department's latest economic data showed that U.S. housing starts rose1.5% in to a seasonally adjusted annual rate of 1.23 million units in October, upfrom September's revised rate of 1.21 million.Consensus forecasts compiled by most news organizations called for starts to bearound 1.23&...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
WASHINGTON (Reuters) - The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to quarterly data from the Federal Deposit Insurance Corporation.The regulator said in a statement that profits were boosted by a lower effective tax rate and higher operating revenues.Reporting by Katanga Johnson Disclaimer: The views exp...Read More
WASHINGTON (Reuters) - U.S. homebuilding rose in October amid a rebound in multi-family housing projects, but construction of single-family homes fell for a second straight month, suggesting the housing market remained mired in weakness as mortgage rates march higher.Other details of the report published by the Commerce Department on Tuesday were also soft. Building permits declined last month and...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday November 20, with broad risk-off sentiment emerging across global commodity markets amid continued trade tensions and a fresh one-year low in oil futures.Both zinc and lead futures were the worst affected, falling by around 2% over the afternoon, to below their respective support levels at $2,600 p...Read More
FRANKFURT (Reuters) - The European Central Bank must complete a clean-up of the euro zone’s banking sector if it is to survive the next financial crisis, the ECB’s incoming top watchdog Andrea Enria said on Tuesday.Enria is set to head the ECB’s Single Supervisory Mechanism, which oversees the euro zone’s 118 top lenders, many of which are still reeling from the last recess...Read More
(Kitco News) - Gold prices are trading modestly down and have lost mild earlygains in late-morning action Tuesday. The U.S. dollar index has rallied to itsdaily high, which in turn has put some downside pressure on the precious metalsmarkets. Still, another sell off in the U.S. stock market today will likelylimit the downside for the safe-haven gold and silver markets. December goldwas last dow...Read More
The Comex copper price continued lower in in the US morning on Tuesday November 20, with the rising dollar pressuring the entire commodities sector.The copper price for December settlement on the Comex division of the New York Mercantile Exchange fell 3.25 cents to $2.7665 per lb."We continue to expect a strong rebound in copper prices by the end of 2018 principally because investors are likely to...Read More
The Mining Stock Daily, a collaboration between ClearCreekDigital and Investment Research Dynamics, interviewed the CEO, Paul West-Sells, to learn more about Western Copper & Gold (WRN on both the NYSE and TSX). But first, here's background on WRN:Western Copper & Gold is advancing the Casino Project, a world-class copper-gold porphyry deposit, in the Yukon. The deposit contains 4.5 billion lbs of...Read More
* Cash/threes zinc spread jumps to $97/T backwardation * Global aluminium output rises to 5.4 mln T in Oct-IAI* Nickel hits lowest in more than 11 months(Updates with closing prices)By Eric OnstadLONDON, Nov 20 (Reuters) - Copper prices slipped on Tuesdayafter five days of gains, unnerved by a sell-off on sharemarkets and sapped by uncertainty before a meeting of U.S. andChinese leaders.Both coppe...Read More
Supply constraints continued to drive European ferro-vanadium and vanadium pentoxide prices to new heights, with both markets reaching record highs while the Chinese export market remained dormant. Chinese export prices remain flat absent export activityEU FeV prices set new record heightsEU V2O5 market edges upward to new record highUS FeV bolstered despite thin spot trading ChinaChina's ferro-va...Read More
The London Metal Exchange is planning to launch a lithium contract in the second quarter of 2019 to meet growing demand from the electric vehicle industry, Fastmarkets learned during Asia Copper Week in Shanghai. The contract, announced as part of the exchange's Strategic Pathway in September 2017, will be settled against an index price, with Fastmarkets MB's lithium spot price index one of those...Read More
(Reuters) - The S&P 500 hit a three-week low on Tuesday as weak results and forecasts from a bunch of retailers including Target and Kohl’s fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone sales.Apple Inc’s APPL.O 3.8 percent fall added to the pressure as the stock that led the market through much of its bull run opened at its...Read More