Oct 17, 2018 Guest(s): Gianni Kovacevic Executive Chairman, CopperBank Copper and aluminum are the enablers of our transition into cleaner electrification, said Gianni Kovacevic, executive chairman of CopperBank. "I like copper. Copper is the Achilles' heel to green energy. Now, I've been saying this for a long time, I say in my book, that the greener and cleaner hat we create energy, the more t...Read More
Possiblyone of the most important sources of economic information to be released thisweek is the minutes from the September FMOC meeting held by the Federal Reserve,which has been released today.Theminutes confirmed the information conveyed in their press statement which was releasedimmediately upon the conclusion of the meeting as well as news from a press conference with questions andanswers by...Read More
(Kitco News) - Even though the U.S. midterm elections are difficult to predict, TD Securities said the most likely scenario is a divided Congress. But what does that mean for financial and precious metals markets?“Political risk is notoriously difficult for markets to predict. This is in part due to the increasing unreliability of polls to determine election outcomes, as was the case in the...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS GOLD MINERALIZATION TO THE NORTHWEST AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received further positive results from the phase 3 resource expansion drilling program at the Mother Lode project, Nevada.Results include a stepout hole to the northwest of the currently defined deposit along the Western Feeder zone (ML18-083, 65.5 metres at 1....Read More
Oct 17, 2018 Guest(s): Michael White President & CEO, IBK Capital The mining sector's future performance will be based on fundamentals that are independent from the cannabis or crypto markets, said Michael White, president and CEO of IBK Capital. "Mining is cyclical. We are going through a cycle. We've been through many years of a downturn. I believe that we are skipping along the bottom now, an...Read More
Anglo American Brazi'sl chief executive, Ruben Fernandes, has hinted at a potential major copper discovery on the edge of the Amazon rainforest by saying the results of an ongoing drilling campaign in the area were "very promising".He was referring to a 19,000 square kilometres-property, equivalent to the size of Israel, the company has been exploring since July and where it has already drilled si...Read More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
Oct 17, 2018 Guest(s): Andrew Cosgrove Global Head of Metals & Mining Research, Bloomberg Intelligence Last week's rally in gold was only temporary, and more headwinds lie ahead for the yellow metal, according to Andrew Cosgrove, global head of metals & mining research at Bloomberg Intelligence. "I don't think this is the real breakout. I don't think this is 'the' [equity] selloff. I do thin...Read More
A summary of the Sept. 25-26 Federal Open Market Committee session was released Wednesday. "Participants generally anticipated that further gradual increases in the target range for the federal funds rate would most likely be consistent with a sustained economic expansion, strong labor market conditions, and inflation near 2 percent over the medium term," the minutes read.Members said in the meeti...Read More
(Kitco News) - Gold prices continued to trade slightly lower on the day after the release of the FOMC meeting minutes from September, which pointed to more rate hikes. The meeting minutes revealed that the third rate hike of the year was unanimous and that there was a general agreement that further rate hikes will be needed in the future.Gold prices slightly edged down following the news but kept...Read More
(Kitco News)- Althoughthere are expectations that investment capital will flow back into the miningsector, companies have to do more to show value, according to some financeexecutives.At a paneldiscussion during the Mine and Money conference in Toronto, Caroline Donally,managing director of private equity firm Denham Capital, said that in the past,companies have done poor job at creating value for...Read More
(Kitco News) - Gold prices aremoderately lower in early-afternoon U.S. trading Wednesday, on a normalcorrective pullback from recent solid gains that saw prices hit a 10-week highearlier this week. A big rebound in the U.S. stock market on Tuesday is alsodenting any safe-haven demand for gold and silver markets today. A rally in theU.S. dollar index today also worked against the precious metals ma...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell on Wednesday after shares of International Business Machines Corp. (IBM) slumped as the tech giant posted a third-quarter revenue miss.Netflix Inc. (NFLX) rose 3.3% after third-quarter subscriber growth beat analysts' expectations.Abbott Laboratories (ABT) fell 1.6% after i...Read More
(Kitco News) - The International Monetary Fund’s (IMF) economic report of higher risks and slower global economic growth, highlights gold’s relevance in investors’ portfolios, said the World Gold Council (WGC).“The IMF signaled in its 2018 Global Financial Stability Report, an increase in commonly used metrics of risk highlight the relevance of including gold in a portfolio...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our...Read More
(Kitco News) - Miners have to just wait out the cannabis frenzy until thebubble pops for investor capital to flow back into the metals space, thisaccording to mining executives and fund managers.Marijuana stocks are approaching pre-2001 Nasdaq levels ofovervaluation, and it's not a matter of "if," as much as it is amatter of "when" the cannabis space collapses on the same scale...Read More
NEW YORK (Reuters) - Wall Street struggled for direction on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further despite sharp criticism from U.S. President Donald Trump over interest rate hikes.The S&P 500 zigzagged between positive and negative territory after the minutes showed policy makers united on the September...Read More
(Kitco News) - Gold may have a hard time making much forward tractionin the months ahead but at some point should gain upward momentum in 2019 asthe U.S. dollar loses some of its strength, said Metals Focus Wednesday. The consultancy provided a summary from its reporttitled “Precious Metals Investment Focus 2018/2019,” which covers gold, silver,platinum and palladium. The report is bei...Read More
Base metals prices on the London Metal Exchange were mostly trading lower at the close on Wednesday October 17, with sentiment in the market weakening, but zinc continued to outperform. Three-month lead, aluminium and tin prices all started the day in positive territory but weakened this afternoon, while nickel was down 1.2% due to a lack of directional news for the near term. Aluminium prices dip...Read More
NEW YORK (Reuters) - U.S. oil prices tumbled and Brent also fell on Wednesday after crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policymakers generally agreed borrowing costs were set to rise further.A gauge of stocks across the world dipped, tracking Wall Street’s reaction to the Fed minutes, while t...Read More