Gold production in Q3 was up sharply at McEwen Mining (TSE:MUX). Results were announced this afternoon. Gold production was up 40% to 32,100 oz compared to the same period a year ago. McEwen traded up 4.4% today to $1.41 a share. The stock is up 8.57% year-to-date while the GDXJ has dropped 25% over the same period. The company said it is on track to meet its 2021 production guidance of 141,000...Read More
(Kitco News) Ethereum is running well ahead of the crypto pack, with the cryptocurrency reaching new all-time highs on Wednesday. Analysts are now looking into its connection to rising inflation expectations.The ether token hit a record high of $4,642.48 on Wednesday. The cryptocurrency is following in the footsteps of bitcoin, which hit its new all-time high of $67,016.5 at the end of October."A...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 are holding steady but remain in negative territory as the Federal Reserve said it will reduce its monthly bond purchases.Markets have widely expected the announcement."In light of the...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 pricesare sharply down in afternoon U.S. dealings Wednesday. This afternoon’s FOMCstatement from the Federal Reserve saw the U.S. central bank announce it willbegin tapering its bond-buying...Read More
(Kitco News) - NFT's are going to revolutionize the way traditional art isdisplayed and sold, pioneering NFT and digital artist Amrita Sethi emphasized. "A traditionalpainted mural is a flat image. It is a two-dimensional image on a wall. The wall isthree-dimensional, but even a wall has a lack of dimensions. The minute you scan the QR code and you playback the augmented reality, it starts to add...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 'staggering' numbers needed for metal production to meetcoming EV demandTo meet anticipated battery material demand, Sean Thijsse atPallinghurst Group has seen multiples as high as 20-times current...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 remains deep in negative territory falling to anew session low following stronger than expected activity in the U.S. servicesector.Wednesday,the Institute for Supply Management (ISM) said it...Read More
Copper has been in a reall copper bull market this year with prices hitting just shy of $5.00 per pound. That is the highest price in over a decade and by the looks of things, it has the potential to go a lot higher yet. I was reading somewhere, I can't remember where exactly, but there are some analysts calling for another 50% rise in copper prices in the next year or so. Taking this into mind 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) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have...Read More
Zinc's three-month price on the London Metal Exchange on Wednesday November 3 touched its lowest since October 13, with prices in the base metals complex ending the day on a mixed note ahead of the US Federal Reserve Bank's Federal Open Market Committee press conference.Zinc reached $3,263 per tonne on Wednesday, its lowest price since announcements by Nyrstar and Glencore that production in Europ...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) -Spot gold prices are holding relatively steady in negative territory even as private-sector jobs grew more than expected in October, according to private-payrolls processor ADP.Wednesday, ADP said that...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 3.Please click...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) - Franco-Nevada reported today that the company's gold equivalent ounces (GEO) sold in Q3 2021 were 146,495 GEO, an increase of 8.7% from the 134,817 GEO sold in Q3 2020. The company said that higher con...Read More
Nickel premiums remained steady in the United States, China and Europe in the week to November 3, although tight supplies and growing production disruptions are keeping prices high in the US. US nickel premiums hold at historic highsChinese premiums also stable with increased full plate imports into ChinaPremiums unchanged in Europe, with market focusing on contracts for 2022US premiums still at h...Read More
(Recasts after Fed statement, adds quotes, updates prices)* Fed says it will begin taper later this month* Gold hits lowest level since Oct. 13* Upbeat payrolls data adds to pressure on goldNov 3 (Reuters) - Gold prices held near their weakest level since mid-October on Wednesday after the U.S. Federal Reserve announced tapering of its pandemic-era stimulus measures in a widely expected move.The F...Read More
One thing we can take away from therecent trade in gold, silver and platinum, it sucks. The price action has beenabout as bad as it gets. The metals, although in an uptrend, have wanderedaround the mean as if they were lost.Understanding markets and how theytrade is an important asset for traders and investors. The current actioncreates frustration, impatience and bad decision-making. Traders want...Read More
Bob Moriarty ArchivesNov 3, 2021The last time I talked to Tom Larsen of Eloro, the company had 8,000 assays outstanding. They can look at the core and know they are in mineralization but don’t have hard numbers. Progress on the assays are being made and they are down to 3,000 assays outstanding.On November 2, 2021Eloro put out a press releaseagain showing outstanding numbers. They highlight...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) - TheECB have backed themselves into a corner it seems. ECB president Lagarde saidthat "conditions are unlikely to be met next year" and this comesdespite money markets betting otherwise. With Chinese CO...Read More
WASHINGTON, Nov 3 (Reuters) - The Federal Reserve on Wednesday is expected to detail plans to end its pandemic-era bond purchases by mid-2022 as policymakers shift their focus towards what, if anything, to do about a surge in inflation that is lasting longer than anticipated.U.S. central bankers, in the minutes of their Sept. 21-22 meeting, signaled that a "taper" of the $120 billion in monthly as...Read More
Chilean copper production decreased by 6.75% in September, compared to the same month in 2020, with all major mines in the country reporting lower figures, copper commission Cochilco said on Wednesday November 3.In September, some Chilean producers like Codelco faced workers' strikes, while a few also had drought issues and reported lower content in mined ore. These caused lower output during the...Read More