The US gold price was lower ahead of a two-day Federal Reserve Federal Open Market Committee meeting starting today, the first to be chaired by Jerome Powell and widely tipped to end with a rise in interest rates.Staff reporterNorthern Star gains20 MARCH 201820/03/2018commentsshareThe spot price was down slightly to around US$1,316 an ounce earlier today, however Australian gold miners were happy...Read More
Canada-based junior miner Wealth Minerals has entered into an agreement with Chile's state-owned Empresa Nacional de Mineria (Enami) to help it develop and commercialize its Salar de Atacama and Laguna Verde lithium projects. The strategic alliance gives the companies two years to study and assess the properties and to form a partnership for their exploration, development and mining, as well as fo...Read More
On Monday, the equity marketswere under heavy pressure early, as was the dollar. And where were the metals?They were only slightly higher. Metals continue to be asleep with no energy. WithMonday's fear in equities and a weak dollar, gold could only muster a smallrally. With equities down almost 500 points and the euro currency up big andgold on support, the rally was disappointing.With equities lo...Read More
Bankers Cobalt Corp. (TSXV: BANC) recently released results on their first 12 drill holes, revealing some high-grade copper along with some cobalt. Peter Bell dives in deeper as to what this means as it could turn out to be very exciting news.Below is an excerpt and a link to the article.What a success story.It's sure been possible to make major progress quickly in DRC in recent years. The threa...Read More
The second-quarter European ferro-chrome benchmark price will rise sharply once it is announced later this week, market participants spoken to by Metal Bulletin said.Traders have reported reduced liquidity while market participants await the release of the new settlement.On Friday, Metal Bulletin's benchmark indicator predicted that the settlement would be $1.41 per lb, which would represent a qua...Read More
Excellent news from BonTerra Resources (BTR.V) today as the company has published some initial results from its winter drill program at the Gladiator gold project in Qu?(C)bec, Canada. These assay results were releases sooner than we expected, but after seeing the grades, it's understandable why BonTerra was very keen on releasing the assay results for the first four holes rightaway instead of w...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
CloseGain/LossGold $1310.40-$6.40Silver$16.20-$0.13XAU78.13-0.68%HUI169.21-1.11%GDM594.85-0.78%JSE Gold1066.77+5.10USD90.41+0.54Euro122.46-0.92Yen94.08-0.15Oil$63.40+$1.3410-Year2.887%+0.035T-Bond144.8125-0.71875Dow24727.27+0.47%Nasdaq7364.30+0.27%S&P2716.94+0.15% The Metals: Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but it still ended with...Read More
- $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies - Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher- Massive government and consumer debt eroding benefits of wage growth (see chart)by BloombergRising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-la...Read More
Canada-based junior miner Wealth Minerals has entered into an agreement with Chile's state-owned Empresa Nacional de Mineria (Enami) to help it develop and commercialize its Salar de Atacama and Laguna Verde lithium projects. The strategic alliance gives the companies two years to study and assess the properties and to form a partnership for their exploration, development and mining, as well as fo...Read More
BUENOS AIRES (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday that U.S. tariff actions are “not about protectionism” but about defending American interests against unfair trade practices.Mnuchin told a news conference at the end of a trade-dominated meeting of G20 finance ministers and central bank governors here that President Donald Trump was not afraid of a trade w...Read More
Susan Cornwell, Richard CowanWASHINGTON (Reuters) - U.S. lawmakers sought to reach agreement on Tuesday on a massive government spending bill that Congress hopes to pass by Friday, with immigration issues such as President Donald Trump’s border wall a stumbling block in the negotiations.U.S. House of Representatives Speaker Paul Ryan said he expected lawmakers to finish writing the $1.3 tril...Read More
The 440 portal vent door at the past-producing Snip Mine in BC's Golden Triangle region. Source: Skeena Resources Ltd.In a March 19, 2018 press release the company said the offering will now consist of the sale of approximately 9,139,451 units and approximately 4,223,572 flow-through common shares, to raise aggregate gross proceeds of approximately $8.4 million.Skeena is a junior Canadian mining e...Read More
Would-be lithium traders could learn from the development of the copper concentrate pricing structure to open the battery raw material to greater pricing transparency and liquidity, Lord Copper suggests. In the metals business, we are accustomed to a particular form of price discovery that has largely stood the test of time, even through technological change and development. Despite occasional mut...Read More
Namaste Technologies Inc. (CSE:N) expects to become an all-inclusive online cannabis marketplace after the receipt of a production licenseSmallCapPower | March 20, 2018: Namaste Technologies Inc. (CSE:N) late Friday announced that its wholly-owned subsidiary, Cannmart Inc., has obtained the production license under Access to Cannabis for Medical Purposes Regulations (ACMPR). According to the guide...Read More
Germany's Siemens is making a US$39 million investment to expand 3D printing at its UK "global centre of excellence" for manufacturing parts for the aviation, automotive, and power generation markets.Staff reporter20 MARCH 201820/03/2018commentsshareThe company bought 85% of Worcester-based Materials Solutions in 2016, describing the business as a pioneer in the use of selective laser melting (SLM...Read More
NEW YORK (Reuters) - The dollar rose to a nearly three-week high against a basket of major currencies on Tuesday, as investors awaited clues from the Federal Reserve on its outlook for the U.S. economy and how many interest rate increases it may embark on in 2018.The futures market implied traders widely expected Fed policymakers would raise key borrowing costs by a quarter point to a target range...Read More
The Dynacor Veta Dorada gold processing plant in Peru. Source: Dynacor Gold Mines Inc.The latest monthly production is similar to the February, 2017, production of 6,733 ounces, an amount that was attributable to the abnormally high-grade ore processed.Dynacor Gold Mines is a Montreal, Quebec-based company engaged in exploration as well as production through its government-licensed ore processing...Read More
WASHINGTON (Reuters) - The United States will provide $2.5 million in food and medical aid to Venezuelans fleeing their economically-crippled country to neighboring Colombia and is poised to help other countries if the situation worsens, U.S. officials said on Tuesday.It is the first funding by the U.S. government’s main aid agency to help Venezuela’s neighbors deal with the influx of...Read More
Nova Leap Health Corp. (TSXV:NLH) actual annual revenue run rate is expected to approach US$9 millionSmallCapPower | March 20, 2018: Nova Leap announces a definitive agreement to make its second acquisition in 2018. On March 19, 2018, Nova Leap Health Corp. (TSXV:NLH) announced it has executed a definitive agreement to acquire a home care services company located in New England for US$1.2 million...Read More