(Kitco News)- As markets continue to digest the implications of Congress' historic tax reform, one bank sees it as a mixed back for gold. In a recent note, analyst at Bank of America Merrill Lynch, said that they see gold under pressure in the first quarter of the year with the market bouncing back in the third quarter of 2018. The bank said that they see gold prices averaging $1,350 an ounce by t...Read More
NYSE - MKT: ASMTSX-V: ASMFSE: GV6VANCOUVER, Jan. 8, 2018 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (NYSE-American: ASM; TSX-V: ASM; FSE: GV6, "Avino" or "the Company") is pleased to announce it has received final approval from the Toronto Stock Exchange (the "TSX") to list its common shares ("Shares") and its warrants ("Warrants") on the TSX on January 8, 2018. Concurrent with the TSX list...Read More
Jan 08, 2018 Guest(s): Todd 'Bubba' Horwitz Chief Market Strategist, BubbaTrading.com Gold's 2018 started off with a bang and a monster rally of almost $90 over the last 19 trading days. What looked like a breakdown turned into a great buying opportunity or a short squeeze said Todd 'Bubba' Horwitz of bubbatrading,com. "On Thursday, gold looked like it had the final blow-off to the upside on hea...Read More
Photographer: Patrick T. Fallon/BloombergU.S. consumer credit outstanding rose in November by the most in 16 years as credit-card balances surged, Federal Reserve data showed Monday.Highlights of Consumer Credit (November)Total credit rose $28b (est. $18b) or at an 8.8% annualized rate after a $20.5b gainRevolving credit outstanding increased $11.2b, the most in a yearNon-revolving debt outstandin...Read More
Mr. Marc Prefontaine reportsORLA INTERSECTS 102.5 METRES GRADING 0.46 G/T AU AND 1.21% CU AT THE CERRO QUEMA PROJECT, PANAMA Orla Mining Ltd. is providing new results from the 2017 drill program at its wholly owned Cerro Quema project in Panama.Highlights are from the last two holes drilled in the Caballito copper-gold zone.Hole CQDH17-148 intersected 102.5 metres grading 0.46 gram per tonne gold...Read More
Editor's Note: Colin Cieszynski, chief market strategist at The Fundamental Technician, provided exclusive commentary for Kitco News' 2018 Outlook Series.Finding a place for metals among new currency options(Kitco News)- Historically, gold has helda special place in the currency world; as a store of value whose level ofsupply is outside of the control of the world's central banks. As the world'spr...Read More
Stanford's Hall calls Phillips Curve a 'terrible idea'Former Fed Vice Chair Fischer concedes it has less value nowBetting on the Pace of Fed Rate HikesMilton Friedman put a nail in the coffin of the original version of the Phillips Curve 50 years ago when he correctly foresaw that the U.S. could simultaneously suffer from high unemployment and lofty inflation. A growing number of economists are no...Read More
Mr. Nigel Lees reportsSAGE GOLD CLAVOS GOLD MINE UPDATESage Gold Inc. has provided an update on the bulk sampling program at its 100-per-cent-owned Clavos mine in Timmins, Ont., and plans to optimize the existing mine plan and update the mineral resource estimate.To date, the company has completed three mill runs between October and December, 2017, as part of its bulk sampling program, yielding ap...Read More
Mr. Christian Milau reports EQUINOX GOLD ANNOUNCES FULL-SCALE CONSTRUCTION OF THE AURIZONA GOLD MINEEquinox Gold Corp.'s board of directors has approved the start of full-scale construction at the Aurizona gold mine in Brazil. All dollar amounts shown are in U.S. dollars.Early works construction has been under way at Aurizona since the third quarter of 2017. The project is advancing well and remai...Read More
(Kitco News)- Globaluncertainty resulting from the U.S. tax reform and new European financialmarket regulations will continue to support gold prices as financial market liquidity dries upand volatility rises, according to one fund manager.Axel Merk,president and chief investment officer at Merk Investments, said that somebanks are still trying to grasp the full implications of all the new changes...Read More
Mr. Ioannis Tsitos reports GOLDSOURCE MINES ANNOUNCES INCREASED PRIVATE PLACEMENT UP TO $1.8 MILLION Due to demand from potential investors, Goldsource Mines Inc.'s non-brokered private placement, announced on Dec. 18, 2017, has been increased by $800,000 (or 16 million units) to up to 36 million units at a price of five cents per unit for gross proceeds of up to $1.8-million. The company may pay...Read More
NYSE - MKT: ASMTSX-V: ASMFSE: GV6VANCOUVER, Jan. 8, 2018 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (NYSE-American: ASM; TSX-V: ASM; FSE: GV6, "Avino" or "the Company") is pleased to announce it has received final approval from the Toronto Stock Exchange (the "TSX") to list its common shares ("Shares") and its warrants ("Warrants") on the TSX on January 8, 2018. Concurrent with the TSX list...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session modestly weaker Monday. Someprofit-taking and chart consolidation were featured in both metals, afterrecent good gains. A higherU.S. dollar index on this day also worked againstthe precious metals market bulls. February Comex gold was last down $2.30 anounce at $1,320.10. March Comex silver was last down $0.135 at $17.15 an oun...Read More
Mr. Nigel Lees reportsSAGE GOLD CLAVOS GOLD MINE UPDATESage Gold Inc. has provided an update on the bulk sampling program at its 100-per-cent-owned Clavos mine in Timmins, Ont., and plans to optimize the existing mine plan and update the mineral resource estimate.To date, the company has completed three mill runs between October and December, 2017, as part of its bulk sampling program, yielding ap...Read More
Mr. Nelson Baker reportsMINERAL MOUNTAIN CLOSES FINAL TRANCHE OF PRIVATE PLACEMENTSubject to acceptance for filing of the final documentation by the TSX Venture Exchange, Mineral Mountain Resources Ltd. has closed the final tranche of its non-brokered unit private placement announced previously on Oct. 24, 2017, and has issued 3,326,000 units of the company at a price of 20 cents per unit to raise...Read More
(Kitco News)- Hedgefunds continued to pile into silver and gold in the first few days of the newtrading year, according to the latest trade data from the Commodity FuturesTrading Commission.Analystsnoted that the precious metals market looks attractive to fund managers as theU.S. dollar continued its sharp decline into 2018. Ole Hansen, head ofcommodity strategy at Saxo Bank, said that the U.S. do...Read More
Mr. Ioannis Tsitos reports GOLDSOURCE MINES ANNOUNCES INCREASED PRIVATE PLACEMENT UP TO $1.8 MILLION Due to demand from potential investors, Goldsource Mines Inc.'s non-brokered private placement, announced on Dec. 18, 2017, has been increased by $800,000 (or 16 million units) to up to 36 million units at a price of five cents per unit for gross proceeds of up to $1.8-million. The company may pay...Read More
Canadian federal and provincial authorities have completed their technical assessment of Canadian Nuclear Laboratories' (CNL's) draft environmental impact statement (EIS) for the proposed in-situ decommissioning of Whiteshell Reactor 1 (WR-1).The proposal would involve filling the below-grade portions of the WNR-1 reactor, shown in this diagram, with a special grout (Image: CNL)The research reacto...Read More
Mr. Nelson Baker reportsMINERAL MOUNTAIN CLOSES FINAL TRANCHE OF PRIVATE PLACEMENTSubject to acceptance for filing of the final documentation by the TSX Venture Exchange, Mineral Mountain Resources Ltd. has closed the final tranche of its non-brokered unit private placement announced previously on Oct. 24, 2017, and has issued 3,326,000 units of the company at a price of 20 cents per unit to raise...Read More
VANCOUVER, BC--(Marketwired - January 05, 2018) - UEX Corporation (TSX: UEX) ("UEX" or the "Company") is pleased to announce that Ms. Laurie Thomas, CPA, CMA, CPIR has been appointed as Vice President Corporate Relations effective January 2, 2018.Ms. Laurie Thomas is a Chartered Professional Accountant and Certified Professional in Investor Relations with more than 20 years of professional experi...Read More