Yesterday morning, the Biden administration came out swinging with a plan to stop the ever-worsening shipping issues in America.Too bad the plan won't do anything of the sort.For better or worse, presidents cannot really do much about the economy in the short term, and this is a prime example.Even if there is some progress, it will come with a steep cost elsewhere.Here's the situation...The big pa...Read More
Today BHP Billiton increased its all-cash offer to Noront Resources' shareholders to 75 cents Canadian per share.The offer represents a 36% premium to its previous offer, a 7% premium to the Wyloo offer and a 213% premium to Noront’s unaffected price, according to a press release from Noront Resources (TSXV: NOT)."Noront supports BHP’s improved offer and recommends shareholders tender...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The gold market continues to tread water below $1,800, butcommodity analysts at TD Securities are not ready to give up on the preciousmetal as they see rising stagflation effects.In a report published...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold prices remain stuck in neutral below $1,800 an ounce.Commodity analysts at HSBC are warning investors that gold gains could belimited in the near term as the Federal Reserve's plan to normalize it...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver pricesare higher in midday U.S. trading Tuesday, with silver sharply up and notchinga five-week high. Gold prices have backed well down from the session high onprofit taking by the sh...Read More
Mr. John Mirko reports ROKMASTER APPOINTS MICHAEL ("MIKE") KORDYSZ AS VICE PRESIDENT BUSINESS DEVELOPMENTRokmaster Resources Corp. has appointed Michael Kordysz to the company in the position of vice-president of business development and strategy. Mr. Kordysz has worked within the mineral exploration and technology industries for over 25 years in senior management positions including the areas of...Read More
Editor's Note: The following is an exclusive article by Sean Fieler, the president and CIO of Equinox PartnersFor most investors, finding inefficientlypriced securities is a clear opportunity for profit, but one our age ofinformation does not typically provide. However, in some overlooked markets,these value plays are still prevalent. One such sector is the junior goldmining space.For most miners,...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Based on quarterly productionresults, Kitco estimates that in Q2 2021, gold production in Canada was 1,570koz, 34% higher compared to 1,174 koz produced in Q2 2020.Jointly owned by Yamana Goldand Agnic...Read More
Maverix Increases and Expands Royalty Interest at OmolonCanada NewsWireVANCOUVER, BC, Oct. 18, 2021Read More
NEW YORK/LONDON, Oct 19 (Reuters) - The first U.S. bitcoin futures-based exchange-traded fund began trading on Tuesday, sending bitcoin to a six-month high and within striking distance of its all-time peak, as traders bet theETF could boost investment flows into cryptocurrencies.The ProShares Bitcoin Strategy ETF began trading on Intercontinental Exchange Inc's (ICE.N) NYSE Arca on Tuesday under...Read More
Mr. Steve Parsons reports GOLDSOURCE ANNOUNCES STOCK OPTION GRANT AND APPOINTMENT OF KIMBERLY NEWSOME AS VICE PRESIDENT, FINANCEGoldsource Mines Inc. has appointed Kimberly Newsome as vice-president, finance, effective Oct. 15, 2021.Based out of the company's Vancouver office, Ms. Newsome will be responsible for managing the finance function for the company in respect of strategic financial analys...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE COMMENCES FIELD WORK AT ACE GOLD PROJECT IN NEWFOUNDLAND, CANADA AND GRANTS STOCK OPTIONSPrecipitate Gold Corp. has commenced exploration fieldwork on the Ace project, located at the northern end of the highly prospective Exploits subzone (Dunnage tectonic zone) of north-central Newfoundland, Canada.With a Newfoundland government permit to conduct prospecting...Read More
(Kitco News) - The recent bullish momentum forBitcoin is likely to be sustained because key technical levels have beenbreached, and the fear from China's tightening regulation has largelydissipated, said Florian Grummes, managing director of Midas Touch Consulting. "We have a good chance to see$100k by the end of the year, maybe even higher. Of course, that would spark analtcoin season again. If...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market is holding on to solid gains but is seeing little new momentum following disappointing U.S. housing construction data.The U.S. housing sector was a pillar of strength for the U.S. econom...Read More
(Kitco News) - The demise of the Fed is coming, andwith the collapse of the current monetary system comes the adoption of Bitcoinas the new global reserve currency, said Gareth Soloway, chief marketstrategist of IntheMoneyStocks.com."What I'm actually calling foris a total collapse of the monetary system, actually. So, there will have to bea reset. And I do think that what we're going to go throu...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 19 that are worth another look.Vietnam's Hoa Phat Steel is close to obtaining certification from the United Kingdom Certification Authority for Reinforcing Steels (Cares), which would allow it to sell its rebar to the key markets of Singapore...Read More
Yesterdaywe mentioned and explained buying the dip when markets are in uptrends andselling rallies when in a downtrend. The support level we were looking for was1760 December gold; the low was 1760.3. Silver was 23.00, the low 23.03; bothwere potential "add on" buys. Thismorning gold is $13.00 higher, and silver is $0.55 higher. Remember, thisdoesn't always work as smoothly as this, but...Read More
The three-month copper contract is trading near record highs on the London Metal Exchange, cash prices are rising even faster, and inventories are descending toward zero. Try running a hedge book in those conditions.It's been a very real quandary facing the physical trade and industry, which awoke on Tuesday October 19 to find copper's cash to November spread had flared to a backwardation of more...Read More
The London Metal Exchange has imposed a series of temporary measures to maintain an orderly copper market after wild outright and spread price moves and dwindling inventories in recent days, the exchange said.In a notice to members, the LME said its Special Committee had been monitoring the ongoing tightness in the copper market, with exchange inventories falling and nearby carries tightening. The...Read More
Northern Star (ASX:NST) expects to produce 1.55-1.65Moz of gold in its 2022 fiscal year.The company released its quarterly activities report today.The cost of that gold is set at an all-in sustaining cost of A$1,475-$1,575/oz.The company expects its AISC to decrease over the year. Northern Star’s FY22 net growth capital and exploration budget of A$710M is unchanged.By 2026 the company expect...Read More