The S&P/TSX Venture Composite Index rose 60.19 points or 6.86% to 939.67 during the Oct. 11-15 trading week. Spot gold closed the week at US$1,767.40 per oz., up US$10.30 per oz. or 0.59%.Rock Tech Lithium surged $3.85 to $8.65 per share. The company announced it is planning to build Europe's first lithium converter - a production plant for battery -grade lithium hydroxide - in Guben, Brandenburg....Read More
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TRU Precious Metals Corp. reports an approximately 5,000m diamond drill program is underway at its flagship Golden Rose Project, Central Newfoundland Gold Belt.Read full newsRead More
(Kitco News) A monetary system collapse is coming, and the trigger will be raging inflation, said Lawrence Lepard, Equity Management Associates managing partner."We've reached peak debt and peak money printing as a solution to our problems. The growth of the money supply has almost gone vertical," Lepard told Michelle Makori, editor-in-chief of Kitco News. "And this is how inflation, which could b...Read More
In real estate many agents and investors say the three mostimportant things to the value of a property are location, location, location. Asimilar case can be made for gold with one of the keys and most importantelements to price changes being inflationary pressures. Today it was concernsabout inflationary pressures that took gold moderately higher. While a weakerdollar did provide some tailwinds a...Read More
A lot of people snickered when the Space Force was first introduced - both officially and as a concept.Even now, a lot of people still don't understand what it does or is intended to do.They imagine it's something like Star Wars, with spacecraft shooting lasers at each other or conquering distant planets.But that's not it at all.In reality, space isn't the same kind of warfare domain that land, se...Read More
(Kitco News) - Current valuations for the majorcryptos, including Bitcoin, are "miraculous" and prices should bemuch lower, said Clem Chambers of InvestorsHub.com.Chambers told David Lin, anchor forKitco News, that there are several other tokens to look at, and in particular,the DeFi space overall has more long-term potential.For Chambers' suggestions onalternative investments, watch the video ab...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 prices aresolidly higher near midday Wednesday. Concerns about rising inflation areprompting buying interest in the hard asset metals. Also, the technicalpostures for both precious me...Read More
BERLIN, Oct 20 (Reuters) - Volkswagen hasproduced just 300,000 cars at its main Wolfsburg plant so farthis year, a company source with knowledge of the matter said,the lowest figure since 1958 and far behind its average outputbefore the pandemic. The plant, which makes cars from the Golf, Tiguan, and Seatbrands among others, produced an average of 780,000 vehicles peryear in the past decade and th...Read More
By David Alire GarciaACAPULCO, Mexico Oct 20 (Reuters) - The chief executive ofMexico's top precious metals miner Fresnillo on Wednesdaydescribed the current government's policies as "unfavorable" forthe key industrial sector.Mexican President Andres Manuel Lopez Obrador's government has been criticized by the mining industry for its policy of nonew concessions, as well as what have been...Read More
(Kitco News) - Difference: Negotiating As If YourLife Depended On It." He has previously worked as a hostage negotiator forthe FBI.Voss reveals to David Lin, anchorfor Kitco News, who he considers to be the best negotiator of all-time and whythese life lessons are essential to success in business, politics, and one'spersonal life. To find out Voss' pick for the mostsuccessful negoatiator in the w...Read More
Mr. David TerryreportsGENESIS METALS COMMENCES EXPLORATION WORK AT OCTOBER GOLD PROJECT, ONTARIOGenesis Metals Corp. has launched a multifaceted exploration program at its 100-per-cent-owned 26,430-hectare (264.3-square-kilometre) road-accessible October gold project in the Swayze greenstone belt, western Abitibi, Ontario.In order to advance exploration of the large, prospective and strategically...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) - Bitcoin prices have pushed to new all-time highs tradingwell above $65,000 an ounce. According to some analysts, the rally in thedigital currency was spurred by the launch of the first Bitcoin ETF in t...Read More
Dr. Roger Moss reports LABRADOR GOLD ANNOUNCES RECEIPT OF DRILL PERMIT FOR APPLETON FAULT TARGETS, MOBILIZES DRILLLabrador Gold Corp. has receivedexploration approval for diamond drilling of regional Appleton fault zone targets at its 100-per-cent-controlled Kingsway project near Gander, Nfld. The Kingsway project is located within the highly prospective Gander Gold District.LabGold has mobilized...Read More
On a higher timeframe basis: We held exhaustion below at$29,075-6,905 with a $28,800 low and bounced $36,100. I warned that holding theexhaustion area and settling back above the $30,205 low was an early warningthe macro move down from the high was likely over. The decenttrade back above $30,810 (-5 per/hour) has brought in $34,090 of the strengthwarned about above so far. The decent trade above $...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 world's second-biggest miner (Russia) is set to have a boost to its gold trading exchange after it was announced that Moscow and London will unite. The deal means that Russian producers of the...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 20 that are worth another look.Workers at steelmaker ArcelorMittal's plant in Ghent, Belgium, might go on strike from Thursday next week in a dispute over salaries, Fastmarkets heard on October 20.Trafigura has been drawing...Read More
Lead's three-month price set a new year-to-date peak of $2,427 per tonne on the afternoon of Wednesday October 20, together with nickel, which rose by almost 6% to more than $21,000 per tonne, with sentiment on the London Metal Exchange still bullish.Lead's three-month price closed at $2,417 per tonne on Wednesday, a 1.7% increase from its Tuesday closing price of $2,376 per tonne. "We envisage a...Read More
Nickel premiums were stable globally on Tuesday October 19, supported by tight inventories.Strong fundamentals continue to keep US premiums firm.Supply remains supportive of Asia premiums, but there is low liquidity with the arbitrage window closed.Europe premium is flat with liquidity still low post-LME Week.US premiums braced against headwinds, tailwindsNickel premiums were unchanged in the Unit...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) - Bitcoin-U.S. dollarare weakerin early U.S. trading Wednesday, on a normal pause following strong gains thisweek that have pushed prices to a six-month high and within striking distanceof a new record h...Read More