Recent News

Why a no-deal Brexit risks freezing London's diamond trade

October 19, 2018 / www.mining.com

The U.K. has warned that a no-deal Brexit risks London being frozen out of the global diamond trade.Britain is a member of the Kimberley Process, the global certification program used to track and prevent the trade of conflict gems, through its European Union membership. The country will need to apply for its own membership post Brexit, and the government last week warned diamond traders that any...Read More

Halliburton Put Options Pricey Ahead of Earnings

October 19, 2018 / www.schaeffersresearch.com

HAL has been struggling since its mid-May highsOil name Halliburton Company (NYSE:HAL) is trading up 1.9% at $38.73 today, but the shares have been declining since their mid-May highs. Most recently, HAL touched a two-year low of $35.75 on Sept. 2. More broadly, oil stocks are taking a hit this week on oversupply concerns and a sector-wide bear note out of J.P. Morgan Securities yesterday. Meanwh...Read More

Stocks bounce back despite Italy angst; dollar dips

October 19, 2018 / www.kitco.com

NEW YORK (Reuters) - Stocks rose across the world on Friday with a global index aiming to avoid a fourth consecutive weekly loss, but concerns over Italy’s budget weighed on its stocks and bonds.The benchmark Italian bond yield rose to 4-1/2 year highs and the euro touched a 10-day low before rebounding as the European Union called Rome’s draft budget an “unprecedented” bre...Read More

U.S., South Korea suspend more drills to bolster North Korea diplomacy

October 19, 2018 / www.kitco.com

SINGAPORE/WASHINGTON (Reuters) - The United States and South Korea have suspended upcoming joint air defense exercises to give diplomatic efforts with North Korea “every opportunity to continue,” the U.S. military said on Friday.The Pentagon said the decision to suspend Exercise Vigilant Ace, which had been scheduled for December, was taken by U.S. Defense Secretary Jim Mattis and Sout...Read More

ALROSA starts large rough diamond auction in Vladivostok

October 19, 2018 / www.mining.com

ALROSA, the world's largest diamond mining company, is starting the forth auction this year for the sale of special size rough diamonds (over 10.8 carats) in Vladivostok. The auction will start on October 22, and the results will be announced on November 2.The company is putting for sale 166 gem-quality rough diamonds with the total weight of 2,607 carats, including one fancy colored stone - 12.92...Read More

P&G Earnings Set the Bullish Tone for Stocks

October 19, 2018 / www.schaeffersresearch.com

Chinese markets rallied after yesterday's steep dropThe Dow Jones Industrial Average (DJI) is moving higher into the weekend, boosted by well-received earnings reports from the likes of American Express (AXP) and Procter& Gamble (PG), with PG up 6.8% to lead the blue-chip index at midday. Investors are also breathing a sigh of relief over China, after the country's securities regulator announced n...Read More

Irving sampes up to 155 g/t Au, 1,245 g/t AG at Omu

October 19, 2018 / www.stockwatch.com

Mr. Akiko Levinson reports IRVING RESOURCES SAMPLES HIGH-GRADE FLOAT AT ITS OMU GOLD-SILVER PROJECT, HOKKAIDO, JAPANIrving Resources Inc. has sampled high-grade quartz vein float at its 100-per-cent-controlled Omu gold-silver project in Hokkaido, Japan. While following up stream sediment anomalies (please refer to Irving Resources' news release dated Jan. 3, 2018, for further details), Irving Reso...Read More

Irving sampes up to 155 g/t Au, 1,245 g/t AG at Omu

October 19, 2018 / www.stockwatch.com

Mr. Akiko Levinson reports IRVING RESOURCES SAMPLES HIGH-GRADE FLOAT AT ITS OMU GOLD-SILVER PROJECT, HOKKAIDO, JAPANIrving Resources Inc. has sampled high-grade quartz vein float at its 100-per-cent-controlled Omu gold-silver project in Hokkaido, Japan. While following up stream sediment anomalies (please refer to Irving Resources' news release dated Jan. 3, 2018, for further details), Irving Reso...Read More

Spearmint Acquires District Size Copper-Gold Project Bordering Serengeti Resources Inc. in British Columbia...

October 19, 2018 / twitter.com

"Spearmint Acquires District Size Copper-Gold Project Bordering Serengeti Resources Inc. in British Columbia https://t.co/1zR5ZJPQ6F"Read full newsRead More

Bosnian government to help keep Aluminij smelter on power grid

October 19, 2018 / www.mining.com

SARAJEVO, Oct 19 - A Bosnian regional government will help to keep aluminium smelter Aluminij Mostar running, a minister said on Friday, after heavy debt brought it to the brink of closure.Management at Bosnia's sole aluminium smelter had called for the Bosniak-Croat Federation to intervene after the business was hit by rising alumina and electricity prices.The company sounded the alarm last week...Read More

Record Mega Millions Lottery Worth 788,617 Ounces Of Gold

October 19, 2018 / www.kitco.com

(Kitco News)- Lottery fever has once againgripped the U.S. as Friday's Mega Millions lottery pushes close to theone-billion dollar mark.As of Friday morning, the jackpothad an estimated value of $970 million with a cash option worth $548 million.The Mega Million's lottery win could buy about 788,617 ounces of gold withprices currently trading around $1,230 an ounce. To put that into perspective,th...Read More

Record Mega Millions Lottery Worth 788,617 Ounces Of Gold

October 19, 2018 / www.kitco.com

(Kitco News) - Lottery fever has once again gripped the U.S. as Friday's Mega Millions lottery pushes close to the one-billion dollar mark.As of Friday morning, the jackpot had an estimated value of $970 million with a cash option worth $548 million. The Mega Million's lottery win could buy about 788,617 ounces of gold with prices currently trading around $1,230 an ounce. To put that into perspect...Read More

Montan Mining Closes First Tranche Of Non-Brokered Placement @MontanMining

October 19, 2018 / bit.ly

Montan Mining Corp. (TSXV:MNY; FSE:S5GM; SSE: MNYC) (Read full newsRead More

India rate setters highlight inflation spike risk, signal rate hikes

October 19, 2018 / www.kitco.com

MUMBAI, Oct 19 (Reuters) - India’s interest rate setting committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating potential rate hikes ahead even as it held rates unchanged at its last meeting.Minutes of the Reserve Bank of India’s monetary policy committee’s (MPC) October meeting, released on Friday, showed most committee members...Read More

Rusal's Swedish smelter may be closed if sanctions not lifted

October 19, 2018 / www.mining.com

STOCKHOLM/MOSCOW, Oct 19 (Reuters) - Russia's Rusal may be forced to close its Kubal aluminium smelter in Sweden if the U.S. sanctions are not lifted, a Kubal representative who declined to be named told Reuters on Friday.The Kubal aluminium smelter in Sweden, Rusal's only primary metal production facility outside of Russia, produced 123,000 tonnes of metal last year. It employs just under 500 peo...Read More

With market on edge, investors look to tech trio

October 19, 2018 / www.kitco.com

SAN FRANCISCO (Reuters) - The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally.After worries about higher interest rates sparked a steep sell-off in early October and again on Thursday, the S&P 500 remains down 5 percent...Read More

Wall St., Main St. Look For Gold To Keep On Shining

October 19, 2018 / www.kitco.com

(Kitco News)- Gold futures are heading for their third weekly rise in a row, and Wall Street and Main Street look for the metal tomake it four straight next week, based on the Kitco News gold survey.A number of factors underpinned gold this week,including geopolitical tensions between the U.S. and Saudi Arabia afternews reports that journalist Jamal Khashoggi disappeared aftergoing into the Saudi...Read More

Wall St., Main St. Look For Gold To Keep On Shining

October 19, 2018 / www.kitco.com

(Kitco News) - Gold futures are heading for their third weekly rise in a row, and Wall Street and Main Street look for the metal to make it four straight next week, based on the Kitco News gold survey.A number of factors underpinned gold this week, including geopolitical tensions between the U.S. and Saudi Arabia after news reports that journalist Jamal Khashoggi disappeared after going into the S...Read More

Strong corporate earnings power rebound on Wall St

October 19, 2018 / www.kitco.com

(Reuters) - U.S. stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier.Consumer goods bellwether Procter & Gamble (PG.N) reported a surprise rise in first-quarter sales, sending its shares up 7.2 percent and boosting the consumer staples .SPLRCS ind...Read More

PRECIOUS-Gold on track for third weekly gain as equities dip

October 19, 2018 / www.kitco.com

* Gold has risen by 0.7 pct so far this week* SPDR Gold holdings up 2.5 pct in past two weeks (New throughout, updates prices, market activity and comments)By Sethuraman N RBENGALURU, Oct 19 (Reuters) - Gold prices edged up onFriday, on course for a third week of gains as weaker stockmarkets spurred investors to seek refuge in bullion, which alsogained technical momentum after scaling major milest...Read More

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