Recent News

Gold Weaker, No Reaction To As-Expected FOMC Statement

August 01, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices are weaker in early-afternoon U.S. trading Wednesday. The metals and other markets showed little reaction to the just-released FOCM statement that showed no change in U.S. monetary policy. December gold futures were last down $4.30 an ounce at $1,229.40. September Comex silver was last down $0.089 at $15.47 an ounce.The FOMC meeting of the Federal Reserve that...Read More

IDM Mining Announces Filing of Technical Report for the Red Mountain Gold Project

August 01, 2018 / bit.ly

IDM Mining (TSXV:IDM, OTCQB:IDMMF) announces that the NI 43-101 Technical Report titledRead full newsRead More

Gold Prices Down But Fed Decision A Non-Event

August 01, 2018 / www.kitco.com

(Kitco News)- The gold market is holding near session lows but is notseeing fresh selling pressure as the Federal Reserve leaves interest rates unchanged while keeping an optimistic tone on the U.S. economy and future interest rate hikes.In a highly anticipated move, the Federal Reserve left itsFed Funds rate in a range between 1.75% and 2%. On the economy, the centralbank said that activity &ldqu...Read More

Gold Prices Down But Fed Decision A Non-Event

August 01, 2018 / www.kitco.com

(Kitco News) - The gold market is holding near session lows but is not seeing fresh selling pressure as the Federal Reserve leaves interest rates unchanged while keeping an optimistic tone on the U.S. economy and future interest rate hikes.In a highly anticipated move, the Federal Reserve left its Fed Funds rate in a range between 1.75% and 2%. On the economy, the central bank said that activity &...Read More

Atlanta Fed raises U.S. third-quarter GDP growth view to 5 percent

August 01, 2018 / www.kitco.com

NEW YORK (Reuters) - The U.S. economy is growing at a 5.0 percent annualized rate in the third quarter following the latest data on construction spending and manufacturing activity, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.That was faster than the 4.7 percent pace calculated by the regional Fed's forecast program on Tuesday.The Atlanta Fed's program increased its pro...Read More

S&P dips ahead of Fed decision; Apple keeps Nasdaq higher

August 01, 2018 / www.kitco.com

(Reuters) - The benchmark S&P 500 index dipped on Wednesday, ahead of the Federal Reserve’s decision on interest rates, but Apple’s robust earnings lifted the technology sector and the Nasdaq.The U.S. central bank is expected to keep interest rates unchanged in an announcement at 2 p.m. ET. But solid economic growth combined with rising inflation are likely to keep the Fed on track...Read More

FREE MCX TIPS Today Lead Call – Buy Lead at CMP 146.10 Add more if price 145.50 for Target 147 – 147.90 with SL below price 144.80

August 01, 2018 / mcx.freetips.tips

Today Lead Call – Buy Lead at CMP 146.10 Add more if price 145.50 for Target 147 – 147.90 with SL below price 144.80 Read More

NEWS UPDATE Today LME Inventory Stock Report : 01/08/2018

August 01, 2018 / mcx.freetips.tips

TODAY LME INVENTORY STOCK REPORT : 01/08/2018Daily LME stock is as follows : Aluminium down by -1150MT, Copper down by -2475MT, Lead down by -100MT, Nickel down by -1782MT & Zinc down by -2000MT. Read More

Exclusive: Impala Platinum to announce job cuts; close some South African shafts - sources

August 01, 2018 / www.kitco.com

LONDON/JOHANNESBURG (Reuters) - Impala Platinum (IMPJ.J) plans to cut jobs and close some of its shafts in South Africa as part of a restructuring process to make its struggling mines profitable, two sources familiar with the matter told Reuters on Wednesday.One source said up to 1,500 jobs could be affected at Impala, the world’s second largest platinum miner.The announcement is expected on...Read More

Tesla second-quarter report could be an $850 million boon or bane for short-sellers

August 01, 2018 / www.kitco.com

NEW YORK (Reuters) - Tesla Inc - the most heavily shorted U.S. company - is set to report quarterly results on Wednesday, and short-sellers could be dealt a nearly $850 million loss or gain, depending on the direction of the post-earnings stock move.Short-sellers aim to profit by selling borrowed shares with the hope of buying them back later at a lower price. The electric carmaker, which is rapid...Read More

Replenishing economic diamond resources, a daunting task for miners

August 01, 2018 / www.mining.com

Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations. Miners are left with a fairly limited decision to replenish their declining resource bases by either discovering or buying greenfield1 project...Read More

Great Bear Drills 16.80 m of 5.60 g/t Gold Including 2.70 m of 14.92 g/t Gold at Dixie Project, Red Lake District...

August 01, 2018 / twitter.com

"Great Bear Drills 16.80 m of 5.60 g/t Gold Including 2.70 m of 14.92 g/t Gold at Dixie Project, Red Lake District @GreatBearGBR https://t.co/DFiw2pldxr"Read full newsRead More

Debt-laden US government is expanding the size of Treasury bond auctions to fund itself

August 01, 2018 / www.cnbc.com

Faced with a growing $22 trillion debt, the Treasury Department says it will be increasing the size of its bond auctions in the coming months.In addition, the department is adding a new two-month note to the collection of securities it uses to finance the national debt.Jeff Cox| @JeffCoxCNBCcom Published 11 Hours AgoUpdated10 Hours AgoCNBC.com Tom Williams | CQ Roll Call | Getty ImagesTreasury...Read More

FREE MCX TIPS Nickel Call – Buy Nickel at CMP 951.80 with SL below price 944 for Target 960 – 965

August 01, 2018 / mcx.freetips.tips

Nickel Call – Buy Nickel at CMP 951.80 with SL below price 944 for Target 960 – 965 Read More

The Tax Plan is Never Going to Grow the Economy... Unless This Is Fixed First

August 01, 2018 / www.schaeffersresearch.com

Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More

Gold Review: Seems vulnerable ahead of the FOMC announcement

August 01, 2018 / www.fxstreet.com

   •  Surging US bond yields triggers the latest leg of a downtick.   •  Subdued USD price action helps limit deeper losses, for now.   •  Technically seems poised to extend the bearish trajectory. Gold traded with a negative bias through the early North-American session and is currently placed at the lower end of its daily trading range....Read More

#POTstocks #investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business Inner Spirit Holdi...

August 01, 2018 / twitter.com

"#POTstocks #investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business Inner Spirit Holdings (@SpiritleafCA) (CSE: $ISH) Closes IPO, Newstrike Transaction and Auxly Private Placements; and Commencement of Trading on the CSE [https://t.co/hpNQczMI4F]"Read full newsRead More

VVC Exploration - New Private Placement Financings - Correction

August 01, 2018 / bit.ly

VVC Exploration Corp (TSXV:VVC) announces a new CA$1.5 million non-brokered equity private placement financing (the "Financing").Read full newsRead More

Trade tensions, labor shortages loom over U.S. factories

August 01, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term.Other data on Wednesday showed private employers stepped up hiring in July, suggesting strength in the labor market and the overall economy at the start of the third quarter.“The rest of t...Read More

U.S., Mexico getting close to deal on autos content rules at NAFTA: Mexico

August 01, 2018 / www.kitco.com

TRAVERSE CITY, Mich. (Reuters) - The United States and Mexico “are getting close” to a deal on the key issue of autos content rules at talks to renew the NAFTA trade pact, a senior Mexican official said on Wednesday.Guillermo Malpica, head of the trade and NAFTA office for the Mexican government, also told reporters that the United States had started showing more flexibility last week...Read More

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