Recent News

Velocity Announces Positive Trench Results and Extension to Mineralization at Rozino Project, Bulgaria...

November 20, 2018 / twitter.com

"Velocity Announces Positive Trench Results and Extension to Mineralization at Rozino Project, Bulgaria @velocitymineral https://t.co/1aMM8O8p35"Read full newsRead More

Walmart, Target, Best Buy take steps to curb gift card fraud

November 20, 2018 / www.kitco.com

NEW YORK (Reuters) - Walmart Inc (WMT.N), Target Corp (TGT.N) and Best Buy Co (BBY.N) have made changes to their gift card programs to reduce the risk of fraud as consumers enter the holiday shopping season.Barbara Underwood and Josh Shapiro, the attorneys general of New York and Pennsylvania, announced the changes on Tuesday, as part of a more than year-long initiative to thwart scam artists.The...Read More

White House's Kudlow: Tax Reform's Next Phase Won't Happen In 2018

November 20, 2018 / www.kitco.com

WASHINGTON (Reuters) - White House Economic Adviser Larry Kudlow told reporters on Tuesday the next phase of U.S. tax reform will not happen during the final months of 2018, the “lame duck” period when Republicans will still control Congress.A follow-up to Republicans’ 2017 tax overhaul could be passed in the new session of Congress starting in January, Kudlow said, even though D...Read More

China blames 'excuses' for APEC discord, as U.S. ties sour again

November 20, 2018 / www.kitco.com

BEIJING (Reuters) - The failure of the countries attending a major Asia-Pacific summit to agree on a communique resulted from certain countries “excusing” protectionism, a top Chinese diplomat said, in a veiled criticism of Washington that further sours China-U.S. ties ahead of a meeting of the G20 nationsIn Washington, a White House official rejected the Chinese line as “complet...Read More

White House's Kudlow: Tax Reform's Next Phase Won't Happen In 2018

November 20, 2018 / www.kitco.com

WASHINGTON (Reuters) - White House Economic Adviser Larry Kudlow told reporters on Tuesday the next phase of U.S. tax reform will not happen during the final months of 2018, the “lame duck” period when Republicans will still control Congress.A follow-up to Republicans’ 2017 tax overhaul could be passed in the new session of Congress starting in January, Kudlow said, even though D...Read More

London gold market comes clean: it's not as big as thought

November 20, 2018 / www.mining.com

London's gold market owned up to the biggest secret in bullion: it's not as big as some thought and, for last week at least, smaller than New York's.An average of $36.9 billion of gold and $5.2 billion of silver changed hands each day in the city's over-the-counter market, including metal for delivery in Zurich, according to figures released for the first time on Tuesday by the London Bullion Mark...Read More

London gold market comes clean: it's not as big as thought

November 20, 2018 / www.mining.com

London's gold market owned up to the biggest secret in bullion: it's not as big as some thought and, for last week at least, smaller than New York's.An average of $36.9 billion of gold and $5.2 billion of silver changed hands each day in the city's over-the-counter market, including metal for delivery in Zurich, according to figures released for the first time on Tuesday by the London Bullion Mark...Read More

U.S. Department of Interior Lists Tellurium as a "Critical Mineral" for 2018

November 20, 2018 / bit.ly

Deer Horn Capital (CSE:DHC) (the "Company" or "Deer Horn"), reports that the United States Geological Survey (USGS), Department of the Interior (DOI), has included tellurium on its list of 35 "critical minerals" for 2018. A key part of Deer Horn Capital's vision is to supply critical minerals, particularly tellurium, that are vital to a low-carbon economy as well as to new, emerging technologies...Read More

FAANG Stock Swings Higher on Disney Buzz

November 20, 2018 / www.schaeffersresearch.com

AMZN stock dropped more than 6% at the openThe U.S. stock market is spiraling for a second straight day amid weakness in the tech and retail sectors. Drilling down on individual names, in-flight internet provider Gogo Inc (NASDAQ:GOGO) and U.K.-based medical device maker LivaNova PLC (NASDAQ:LIVN) are sinking, while FAANG stock Amazon.com, Inc. (NASDAQ:AMZN) has swung higher. Here's a quick look a...Read More

U.S. banking sector reports $62 billion profit in third quarter: FDIC

November 20, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to quarterly data from the Federal Deposit Insurance Corporation.The regulator said in a statement that profits were boosted by a lower effective tax rate and higher operating revenues.Reporting by Katanga Johnson Disclaimer: The views exp...Read More

What the Russell Death Cross Means to Gold

November 20, 2018 / www.kitco.com

A storm is coming in the equities markets and the first sign of a equity rain cloud is the death cross that is hanging over the Russell 2000. This occurs when the 50-day moving average (DMA) crosses below the 200 DMA to the downside (see chart below). I believe a break in the equities could be the catalyst that pushes gold through $1246/oz and powers it up to the 200 DMA at $1276/oz. Now recently...Read More

What the Russell Death Cross means to Gold

November 20, 2018 / www.kitco.com

A storm is comingin the equities markets and the first sign of a equity rain cloud is the deathcross that is hanging over the Russell 2000. This occurs when the 50-day movingaverage (DMA) crosses below the 200 DMA to the downside (see chart below). Ibelieve a break in the equities could be the catalyst that pushes gold through $1246/ozand powers it up to the 200 DMA at $1276/oz. Now recently sever...Read More

Eli Lilly Stock Looks Good for Call Buyers

November 20, 2018 / www.schaeffersresearch.com

Eli Lilly gapped higher this month on regulatory buzzThe shares of pharmaceutical firm Eli Lilly and Co (NYSE:LLY) gapped higher in mid-November on news the company submitted a new drug application for its migraine treatment to the Food and Drug Administration (FDA). This pop brought the shares back above the $111 level, which is 50% above the stock's 2018 closing low of $74.21 from Feb. 8. Plus,...Read More

Award winning Diavik Diamond Mine honoured as industry leader

November 20, 2018 / www.mining.com

Yellowknife, NT - Diavik Diamond Mine has been awarded the Northwest Territories Mining and Exploration (MAX) Special Achievement Award for the design, construction and operations of its dikes and its contribution as a joint venture partner to the Tibbitt to Contwoyto Winter Ice Road.The NWT MAX awards are a partnership between the NWT & Nunavut Chamber of Mines and the GNWT's Department of Indust...Read More

Award winning Diavik Diamond Mine honoured as industry leader

November 20, 2018 / www.mining.com

Yellowknife, NT - Diavik Diamond Mine has been awarded the Northwest Territories Mining and Exploration (MAX) Special Achievement Award for the design, construction and operations of its dikes and its contribution as a joint venture partner to the Tibbitt to Contwoyto Winter Ice Road.The NWT MAX awards are a partnership between the NWT & Nunavut Chamber of Mines and the GNWT's Department of Indust...Read More

Searchlight Resources Acquires 51% of Bootleg Lake Gold and VMS Project

November 20, 2018 / bit.ly

Searchlight Resources Inc. (TSXV:SRCH) (Read full newsRead More

BTU Metals Applies for Drill Permits on Dixie Halo Project Following End of Fall Drone and Prospecting Program...

November 20, 2018 / twitter.com

"BTU Metals Applies for Drill Permits on Dixie Halo Project Following End of Fall Drone and Prospecting Program @BTUMetalsCorp https://t.co/ac4zkzjX49"Read full newsRead More

Wallbridge Extends Tabasco Zone with Visible Gold to Over 300 m Depth @WMmining

November 20, 2018 / bit.ly

Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) (Read full newsRead More

Powell and gold between inflation and global slowdown

November 20, 2018 / www.mining.com

Powell is apparently between a rock and a hard place. Inflation surged, while the global economy slowed down. What will he do? And how will gold react?Inflation jumps in OctoberThe consumer price index climbed 0.3 percent last month, after rising 0.1 percent in September, according to the U.S. Bureau of Labor Statistics. It was the biggest rise since January, and it was mainly caused by an impress...Read More

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