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
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