Mr. Walt Coles Jr. reportsSKEENA INTERSECTS 10.09 G/T AUEQ OVER 45 METRES AT ESKAY CREEKSkeena Resources Ltd. has provided additional gold-silver assays for six holes from the continuing phase I surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase I program is being performed in the historically drill defined 21A, 21C and 22...Read More
Mr. Walt Coles Jr. reportsSKEENA INTERSECTS 10.09 G/T AUEQ OVER 45 METRES AT ESKAY CREEKSkeena Resources Ltd. has provided additional gold-silver assays for six holes from the continuing phase I surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase I program is being performed in the historically drill defined 21A, 21C and 22...Read More
* BOJ maintains policy and cut price forecasts* Advantest, Sony, Honda attract buying after earnings* Chiyoda nosedives after co expects lossBy Ayai TomisawaTOKYO, Oct 31 (Reuters) - Japan’s Nikkei bounced to a one-week high on Thursday as chip-related stocks surged in line with their U.S. counterparts, while first-half earnings from firms such as Sony and Honda supported sentiment.The Bank...Read More
The Dow Jones Industrial Average surged 241 points, bringing its two-day gain to nearly 650 points, while the S&P 500 gained more than 1 percent.But despite Wednesday's surge, the S&P 500 posted its worst monthly performance since 2011 after worries about higher interest rates and trade rattled investors throughout October. Fred Imbert| @foimbert Published 16 Hours AgoUpdated1 Hour AgoCNBC...Read More
(Kitco News) - Gold andsilver prices are moderately lower in early U.S. trading Wednesday. Improvingtrader and investor risk appetite in the marketplace at mid-week is bearish forthe safe-haven metals. Also, a stronger U.S. dollar index that scored a newfor-the-move high overnight is weighing on the precious metals markets thisweek. December gold futures were last down $7.50 an ounce at $1,217.80....Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold prices remained on thedefensive after the monthly ADP report Wednesday showed that U.S. firms created227,000 new private-sector jobs during October.Consensus estimates compiled by newsorganizations had called for around 178,000 to189,000 newprivate-sector jobs to be created. The September tally was revised to 2...Read More
TOKYO (Reuters) - Japan’s central bank chief on Wednesday ruled out a near-term interest rate hike amid risks from global trade disputes, but also raised a firm warning about vulnerabilities in the financial system from years of loose monetary policy.The Bank of Japan on Wednesday kept its policy settings unchanged, as widely expected, and cut its inflation forecasts.In comments after the de...Read More
It's Halloween. Will gold tradersand investors be tricked or treated? With gold now testing the lower end of theconsolidation pattern, how scary will it be for investors? The trick from hereis to observe gold as it searches for support, which should be no worse than$1,215.The trading action in gold appears to have tricked traders and investors with its failure to break out at$1,240. The longer-ter...Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) and Randgold ResourcesLtd. (Nasdaq: GOLD) are offering a Halloween goodie to shareholders - thecompanies Wednesday announced they are planning to increase dividend payments.In late September, the companies announced an all-stockmerger in which Barrick would acquire Randgold to create the largestgold-mining company in the world. The merger is subje...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
Mr. Mike Mutchler reportsAMARILLO PROVIDES UPDATE ON DRILLING RESULTS AT MARA ROSAAmarillo Gold Corp. is providing additional results from its continuing drilling at its Mara Rosa open-pit gold project in Goias state, Brazil. Highlights: 1.81 grams per tonne gold over a 13-metre core length in hole 18P058;3.54 g/t Au (or 6.24 g/t Au uncut) over 11 m core length in hole 18P061;1.33 g/t Au over 17 m...Read More
Mr. Mike Mutchler reportsAMARILLO PROVIDES UPDATE ON DRILLING RESULTS AT MARA ROSAAmarillo Gold Corp. is providing additional results from its continuing drilling at its Mara Rosa open-pit gold project in Goias state, Brazil. Highlights: 1.81 grams per tonne gold over a 13-metre core length in hole 18P058;3.54 g/t Au (or 6.24 g/t Au uncut) over 11 m core length in hole 18P061;1.33 g/t Au over 17 m...Read More
DETROIT, Oct 31 (Reuters) - General Motors Co onWednesday posted far stronger-than-expected quarterly profit andsaid its full-year earnings forecast would come in at the highend of its forecast due to strong demand in North America.The Detroit automaker reported third-quarter net income of$2.53 billion, or $1.75 a share, compared with a loss last yearof $2.98 billion, or $2.03 a share. Last year's...Read More
Swedish engineering company Epiroc announced today that it will be supporting the work of Kimberley Ekapa Mining to help digitize the company's Kimberley underground mine, located South Africa's Kimberley town and whose yearly production reached 755,645 carats in June 2018.In detail, Kimberley Ekapa wants to implement Epiroc's Mobilaris Mining Intelligence, known as MMI, to enable situational awar...Read More
Swedish engineering company Epiroc announced today that it will be supporting the work of Kimberley Ekapa Mining to help digitize the company's Kimberley underground mine, located South Africa's Kimberley town and whose yearly production reached 755,645 carats in June 2018.In detail, Kimberley Ekapa wants to implement Epiroc's Mobilaris Mining Intelligence, known as MMI, to enable situational awar...Read More
• USD climbs to 16-month tops and keeps exerting downward pressure. • Improving risk-appetite dents safe-haven status and add to the selling bias. Gold remained under some selling pressure for the third consecutive session and is currently placed at near three-week lows, just above $1215 level. The precious metal extended its corrective slide from ove...Read More
One investor guru thinks this may be the next big play to make in gold.The world's wealthiest investors always grab the headlines...Especially with a track record that's off the charts, producing explosive gains like this:$1.29 to $23.86, where $10,000 grew to over $184,000!Or how about his record-breaking score last month, 9 cents Canadian to C$1.18 in about 2 weeks, turning $10,000 into over $1...Read More
* Gold on track to end six-month losing streak * Shares bounce, dollar hits 16-month high * Silver falls to lowest since Oct. 11 (Updates prices)By Swati VermaBENGALURU, Oct 31 (Reuters) - Gold slid to its lowest innearly three weeks on Wednesday asthe dollar jumped and stockmarkets regained momentum after a spate of heavy losses, but themetal remained on track for its biggest monthly gain sinceJa...Read More
World's top diamond producer by output Alrosa (MCX:ALRS) said Wednesday it had begun production at its new Verkhne-Munskoye diamond field in eastern Siberia, which Russian President Vladimir Putin said would reinforce the state-controlled firm's position as a world leader.The Verkhne-Munskoye deposit, which has a 20-year productive life, will partly substitute suspended output at Alrosa's undergr...Read More
Democrats are expected to gain several House seats this yearMidterm elections are a week away and you would expect them to have an important effect on stocks. This week I'm comparing Election Day -- the day after the first Monday in November -- in midterm years, presidential election years, and off years. I'm curious about how stocks tend to behave leading up to the elections and thereafter. Not o...Read More