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
Shares in Australian Mines (ASX:AUZ) closed 25 percent higher on Friday in Sydney after the company announced it had partnered with an Indian firm to evaluate the use of scandium in next-generation battery storage technology.The Perth-based miner said its planned collaboration with India's Amrita Centre for Research and Development's Centre of Excellence in Advanced Materials and Green Technologi...Read More
After Wednesday's ugly trade, gold spiked on Thursday, testing the $1,240 level once again. Although gold broke down through $1,220, trading as low as $1,215, it immediately bounced back to the $1,240 resistance level. Gold looks poised to make a big up move and push through $1,240 resistance sooner rather than later. Gold's rally may have been sparked by the weaker dollar; however, gold has been...Read More
After Wednesday's ugly trade,gold spiked on Thursday, testing the $1,240 level once again. Although goldbroke down through $1,220, trading as low as $1,215, it immediately bouncedback to the $1,240 resistance level.Gold looks poised to make a bigup move and push through $1,240 resistance sooner rather than later. Gold'srally may have been sparked by the weaker dollar; however, gold has beengaining...Read More
"@TraderPamplona Add $AAL to that list as well. There should be taken out by $ORL / $LAC in the long run. $ORL already controls 25% plus JV, key project is just 50 miles south of Olaroz."Read full newsRead More
"@TraderPamplona M&A should be also coming to the USA. $SLL.V in Arkansas is being closely watched by spec. chemical giant LANXESS (already partn.)and next to $ALB as well. Prime target imho.$PLLL in NC might be interesting for $ALB re location."Read full newsRead More
"@TraderPamplona More consolidation coming here for sure. In the long term I see Pastos Grandes from $ML / $LSC be consolidated and taken out, as well as $NLC. They all are already in discussions."Read full newsRead More
• Easing USD bearish pressure/risk-on mood fails to provide fresh impetus. • The latest US monthly jobs report might help determine the near-term trajectory. Gold held steady through the early European session on Friday and was seen consolidating overnight strong upsurge to fresh weekly tops. After falling for three days in a row, the precious m...Read More
Cardero Resource Corp. (TSXV: CDU) announced today that it has completed the acquisition of an undivided 100% interest in the Zonia copper deposit, originally owned by Redstone Resources Corp.The Zonia Copper Oxide Project, located in central Arizona, has been held under private ownership for almost 100 years and has undergone comprehensive exploration, metallurgical studies and mine development p...Read More
Cardero Resource Corp. (TSXV: CDU) announced today that it has completed the acquisition of an undivided 100% interest in the Zonia copper deposit, originally owned by Redstone Resources Corp.The Zonia Copper Oxide Project, located in central Arizona, has been held under private ownership for almost 100 years and has undergone comprehensive exploration, metallurgical studies and mine development p...Read More
Cardero Resource Corp. (TSXV: CDU) announced today that it has completed the acquisition of an undivided 100% interest in the Zonia copper deposit, originally owned by Redstone Resources Corp.The Zonia Copper Oxide Project, located in central Arizona, has been held under private ownership for almost 100 years and has undergone comprehensive exploration, metallurgical studies and mine development p...Read More
The US Supreme Court will hear on Monday why a group of Virginia miners believe states should not have the right to ban uranium mining for public health reasons, part of a long dispute over a moratorium the state put in place on the radioactive metal in 1982.The bid by a Virginia Energy Resources' subsidiary and other owners of the largest US uranium deposit seeks to revive a lawsuit thrown out by...Read More
(For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 on track for best week in nearly 2 years* Burberry, miners boosted by hopes of end to U.S.-China row * JPM China fund up 10 percentBy Josephine MasonLONDON, Nov 2 (Reuters) - UK shares bounced for a fourthsession on Friday as mining and luxury goods stocks led a rallyamid growing optimism about a Brexit deal and hop...Read More
The world's fastest-growing vertically integrated global cannabis company could net investors a huge return in the months to come.The worldwide trend toward marijuana legalization has triggered a wave of growth opportunities for investors around the globe.Beyond the explosive Canadian market - this diversified cannabis operator maintains production, processing, and distribution facilities worldwid...Read More
Brazil's Institute of Environment and Water Resources (IBAMA) has issued an environmental license for the Marac??s Menchen Mine expansion project, owned by Largo Resources (TSX: LGO).Marac??s Menchen is a 17,690-hectare property located in the eastern Bahia State of Brazil, roughly 250 kilometres southwest of the state capital, Salvador. According to Largo, the mine boasts one of the highest-grade...Read More
(Updates closing price and adds details)SHANGHAI, Nov 2 (Reuters) - China's yuan jumped on Fridayafternoon, finishing domestic trade at its strongest in morethan a month, supported by rising hopes that trade tensionbetween China and the United States will ease.The Chinese currency traded well above a 10-year low hitearlier in the week and also looked set for its biggest weeklygain since late Augus...Read More
The USD, gold's biggest nemesis, took a beating yesterday. As a result, the yellow jumped from $1,214 to $1,237. As of writing, it is trading at $1,232/Oz and has created a falling wedge pattern on the 15-minute chart. A break above the upper edge of the wedge, currently at $1,233, would signal a resumption of the rally and open up upside toward $1,250. On the way higher, the metal may encoun...Read More
* Dollar under pressure as risk-sensitive currencies gain * Trump said to have asked to prepare trade deal draft * Ebb in trade woes weighs on yen, lifts Aussie and yuan * Traders awaits U.S. jobs data for potential lift * Graphic: World FX rates in 2018By Tom FinnLONDON, Nov 2 (Reuters) - The dollar fell on Friday on signsU.S. President Donald Trump is seeking to resolve a damagingtrade war with...Read More
Nov 2 (Reuters) - Aluminium producer Hindalco Industries Ltd posted a 21.4 pct decline in Sept-quarter net profiton Friday, dragged down by rising input costs, but marginallybeat estimate.Standalone profit after tax came in at 3.09 billion rupees($42.50 million) in the second quarter, compared with 3.93billion rupees a year earlier, Hindalco said . Eleven analysts on an average had expected the Mu...Read More
As a way of raising awareness and interest in the mining industry among junior high and high school students in Nova Scotia, Canada, a provincial industry group is offering over C$8,000 in cash prizes to kids with some basic video skills.The Mining ROCKS! contest, now in its fifth year, hopes to inspire children to learn about the industry, get creative and win big, Sean Kirby, executive directo...Read More