(Kitco News) - Gold prices are modestly lower in early U.S. trading Wednesday, on a normalcorrective pullback from recent solid gains that saw prices hit a 10-week highearlier this week. Bulls still have the near-term technical advantage. December gold futures were last down $2.30 an ounce at $1,228.70. December Comex silver was last down $0.016 at $14.685 an ounce. TheU.S. economic highlight at m...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS GOLD MINERALIZATION TO THE NORTHWEST AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received further positive results from the phase 3 resource expansion drilling program at the Mother Lode project, Nevada.Results include a stepout hole to the northwest of the currently defined deposit along the Western Feeder zone (ML18-083, 65.5 metres at 1....Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS GOLD MINERALIZATION TO THE NORTHWEST AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received further positive results from the phase 3 resource expansion drilling program at the Mother Lode project, Nevada.Results include a stepout hole to the northwest of the currently defined deposit along the Western Feeder zone (ML18-083, 65.5 metres at 1....Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Both gold and silver stalled onTuesday. Was it because the equities rallied big or was it because they wereboth at resistance? From a technical perspective, they were both at resistance.It's that simple.The metals have had a nice runfrom the recent lows and it should be no surprise that a slight pause or someselling pressure would come in at these resistance levels. All markets do thesame thing on...Read More
"#LMEweek was the latest forum for debate over where a sustainable #cobalt supply will come from. We spoke to @CDMRawles about the reality for battery and carmakers ($) | https://t.co/n1jeJSRmqt"Read full newsRead More
* U.S. Fed minutes in focus * European shares hit by weakness in auto sector * Nervous investors using dips to cover short postions-analyst(Recasts, updates prices and quotes)By Sumita LayekBENGALURU, Oct 17 (Reuters) - Gold rose on Wednesday as arally in global equities ran out of steam, denting the appeal ofriskier assets, while bullion investors used recent price dipsto cover short positions.Sp...Read More
"Uranium hopeful Berkeley Energia has been smashed on the stock exchanges after a report its Spanish project would be blocked by the government | https://t.co/1fdXtnyaHk #ASX #LSE $BKY"Read full newsRead More
(Updates with closing prices)By Peter HobsonLONDON, Oct 17 (Reuters) - Copper prices held steady onWednesday as better than forecast Chinese lending datasignalling solid economic growth in the world's biggest metalsconsumer was offset by signs that a supply squeeze in China wasreceding.Aluminium meanwhile fell after a second day of large inflowsof metal into London Metal Exchange warehouses."...Read More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
MOSCOW, Oct 17 (Reuters) - The Russian rouble eased onWednesday as strong U.S. industrial production data boosted theU.S. dollar and investors' confidence in dollar assets.At 0743 GMT, the rouble was 0.2 percent weaker against thedollar at 65.45 and had lost 0.06 percent totrade at 75.66 versus the euro.As data showed that U.S. industrial production increased fora fourth straight month in Septembe...Read More
Chile's state miner Codelco, the world's No.1 copper producer, has submitted an environmental impact assessment (EIA) for a project that would extend the productive life of its aging Salvador mine by 40 years and increase output by 30 percent.The Rajo Inca project would convert the existing mine, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from...Read More
JOHANNESBURG, Oct 17 (Reuters) - South Africa's randweakened in early trade on Wednesday as the dollar strengthenedagainst most major peers, with the market awaiting domesticretail sales figures and minutes from the U.S. Federal Reserve'slatest policy meeting. * At 0614 GMT, the rand traded at 14.2150 perdollar,0.32 percent weaker than its New York close on Tuesday. * "Current levels are like...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose sharply on Tuesday after slipping in four out of the past five sessions.Goldman Sachs Group Inc.'s (GS) third-quarter earnings of $6.28 a share handily beat analysts' estimates. Walmart Inc. (WMT) , the world's largest retailer, lowered earnings guidance for 2019 following its&n...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 16.Please click...Read More
Base metals prices on the London Metal Exchange made mixed movements at the close of trading on Tuesday October 16, broadly supported by a weaker US dollar index and a marginal recovery in global equity markets.Continuing to outperform the rest of the complex, the three-month lead price remains elevated, closing above $2,050 per tonne and up more than 10% from its fresh 2018 low of $1,876 per tonn...Read More
Rio Tinto lowered its 2018 guidance for aluminium by more than 4% on Tuesday October 16, to reflect the impact of the ongoing lock-out at the Becancour smelter in Quebec, Canada.The company's guidance figure for aluminium production has been revised to 3.4-3.5 million tonnes from 3.5-3.7 million tonnes previously, excluding any potential adjustment from the completion of the sale of the Aluminium...Read More
Higher October tender prices for ferro-chrome in China have boosted prices for imported ore and alloy. Chinese mills' tender prices boost spot prices for imported ore, alloyDomestic spot prices stable in China Alloy prices steady in Japan, South Korea European alloy prices continue to slide Alloy prices stabilize in the United StatesChrome ore and ferro-chrome import spot markets strengthened agai...Read More