Recent News

Orca #Gold has landed on an interesting two-stage plan in the feasibility study for its Block 14 project in Sudan....

November 09, 2018 / twitter.com

"Orca #Gold has landed on an interesting two-stage plan in the feasibility study for its Block 14 project in Sudan. The mine would produce 228,000oz over 14 years($) | https://t.co/gFxmY6fXdR"Read full newsRead More

U.S., Mexico, Canada ministers to sign trade pact Nov. 30, official says

November 09, 2018 / www.kitco.com

MEXICO CITY (Reuters) - Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on Nov. 30, Mexico’s economy minister said on Thursday.The deal will be signed in Buenos Aires, Argentina, the Mexican Economy Minister Ildefonso Guajardo told reporters at an event in Mexico City. Argentina is hosting the G20 international forum for governments and central ban...Read More

Bitcoin Daily Chart Alert - Bulls Fade Late This Week - Nov. 9

November 09, 2018 / www.kitco.com

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

UPDATE 1-Italian bond yields rise as govt digs in heels on budget

November 09, 2018 / www.kitco.com

* Italy/Germany bond gap returns to above 300 bps* Bank of Italy says Italy/Germany spread must be reduced* German Bund yields fall from 2-week highs* US 2, 5-year bond yields hit decade highs after Fed meeting* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts to focus on Italy, adds quotes)By Dhara Ranasinghe and Virginia FurnessLONDON, Nov 9 (Reuters) - Italy’s bond yields...Read More

U.S. judge halts construction of Keystone XL oil pipeline

November 09, 2018 / www.kitco.com

(Reuters) - A federal judge in Montana halted construction of the Keystone XL oil pipeline on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project.The ruling deals a major setback for TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline.The rulin...Read More

Guyana Goldfields starts underground development at Aurora

November 09, 2018 / www.mining.com

Guyana Goldfields (TSX:GUY) announced today that is has started underground development at its 100%-owned Aurora Mine, which is located in northwestern Guyana, in a territory in dispute with Venezuela.In a media statement, Guyana Goldfields said is has completed the first blast on the Mad Kiss portal and that now the contractor is working on completing and reinforcing the collar and extending the...Read More

Guyana Goldfields starts underground development at Aurora

November 09, 2018 / www.mining.com

Guyana Goldfields (TSX:GUY) announced today that is has started underground development at its 100%-owned Aurora Mine, which is located in northwestern Guyana, in a territory in dispute with Venezuela.In a media statement, Guyana Goldfields said is has completed the first blast on the Mad Kiss portal and that now the contractor is working on completing and reinforcing the collar and extending the...Read More

Rio's Argyle pink diamonds tender breaks record

November 09, 2018 / www.mining.com

Rio Tinto, (NYSE:RIO) the world's No.2 miner, announced today that it delivered record results at its 2018 Argyle Pink Diamonds Tender, which included 63 rare pink, red and violet diamonds from its Argyle mine in Australia.The mine is the biggest diamond operation down under, and the source of rare and prized fancy pink gems. Argyle has been active since 1983, first as an open pit mine and then fr...Read More

METALS-Nickel hits near 11-month low as speculators step up pressure

November 09, 2018 / www.kitco.com

* Copper marks biggest weekly drop since August * Zinc premium of cash over 3 months highest in over a year (Updates with closing prices)By Eric OnstadLONDON, Nov 9 (Reuters) - Nickel slumped to its lowest pricein nearly 11 months on Friday and other industrial metals slidas speculators unleashed more selling due to worries abouthigher U.S. interest rates and slowing Chinese economic growth.Copper...Read More

UPDATE 1-Turkish Treasury cuts bond auctions as financing need declines

November 09, 2018 / www.kitco.com

(Adds background, details, quotes)ISTANBUL, Nov 9 (Reuters) - Turkey's Treasury will not holdthree of six bond auctionsoriginally scheduled for next week,it said on Friday, after its financing needs decreased due tonew savings measures and strong demand for eurobonds.The move is likely to ease some worries over Ankara'sexternal funding after a currency sell-off earlier this yearsent the lira to a...Read More

Silver Is Stuck In Neutral

November 09, 2018 / seekingalpha.com

Looking ugly below $14.00.Looking great over $14.90.A speculative metal in hibernation.Silver is not following gold.USLV and DSLV can provide explosive short-term returns.The silver market is stuck in a rut. Even though gold broke above its short-term technical resistance, silver has not moved to a level that is outside of its trading range since trading down to the lowest level at $13.91 in mid-S...Read More

Turkish lira weakens after Fed reaffirms tightening policy

November 09, 2018 / www.kitco.com

ANKARA, Nov 9 (Reuters) - Turkey's lira weakened around onepercent against the dollar to its weakest level of the week onFriday after the U.S. Federal Reserve reaffirmed its stand ontightening monetary policy, causing markets to price in a U.S.December rate hike.The lira has recovered strongly from a plunge toa record low of 7.24 to the dollar in August, triggering heftyinterest rate hikes. Howeve...Read More

PRECIOUS-Gold eases as dollar rallies on hawkish Fed

November 09, 2018 / www.kitco.com

* Silver headed for biggest weekly fall since Sept. 7 * Platinum set for worst week since late Sept * Fed holds rates for now, on track to gradually hike them (Updates prices)By Sumita LayekBENGALURU, Nov 9 (Reuters) - Gold dipped on Friday, on trackfor its biggest weekly fall since August, as the dollar rosetowards 16-month highs after U.S. Federal Reserve stuck to itstight monetary stance and lo...Read More

UPDATE 2-Commodities stocks drag Europe down as Thyssenkrupp, Richemont earnings disappoint

November 09, 2018 / www.kitco.com

* Europe's STOXX down 0.4 pct * Miners, autos, oil stocks tumble * Thyssenkrupp sinks 9 pct after profit warning* Luxury stocks suffer from weak Richemont results (Updates prices, adds details)By Julien Ponthus and Helen ReidLONDON, Nov 9 (Reuters) - European shares slipped on Fridayas mining and oil stocks sold off and weak results fromThyssenkrupp and Richemont weighed on sentiment.The pan-Europ...Read More

UPDATE 1-Italy's Di Maio commits to 2.4 pct deficit goal, euro currency

November 09, 2018 / www.kitco.com

(Adds quotes, background)By Gavin JonesROME, Nov 9 (Reuters) - Deputy Prime Minister Luigi Di Maiosaid on Friday Italy would meet its 2019 deficit target thanksto extra spending cuts, if necessary, adding that the governmentwas committed to remaining in the euro zone.Speaking at a news conference with foreign reporters, Di Maio said his party had reversed its previous anti-euro stancebecause chang...Read More

This Could Be the Biggest IPO Since Facebook

November 09, 2018 / www.schaeffersresearch.com

One private company has been minting millionaires, and it's about to go public.Sensitive details about a potential new IPO have been "leaked" from this secure facility in Pittsburgh, PA...40 of the world's top researchers are working on a breakthrough that could be worth $15 TRILLION. So for anyone who missed out on Google, Facebook or even Alibaba - this is thebest chance to cash in right now....Read More

UPDATE 2-South Africa's rand slips on hawkish Fed; stocks slip

November 09, 2018 / www.kitco.com

* Hawkish Fed hits rand * Stocks end week lower, Tongaat dives(Updates levels and quotes)JOHANNESBURG, Nov 9 (Reuters) - South Africa's rand weakenedon Friday in line with emerging market currencies as indicationsthe United States central bank would stay on a policy tighteningpath drained the demand for risk that followed U.S. electionresults.Stocks fell largely due to subdued risk demand globally...Read More

Gold's price hit 8-day low in Asia

November 09, 2018 / www.fxstreet.com

Gold eroded key trendline support in Asia as Fed maintained hawkish guidance Prices fell to $1,219 - the lowest level since Nov. 1. The safe-haven metal is struggling to find takers despite risk aversion in the markets. Gold's price hit an 8-day low of $1,219 in Asia as the Fed reiterated its tightening stance.  The yellow metal eroded trendline rising from the Oct. 9 low and Oct. 31 lo...Read More

High gold demand capped by ETF sell-off in 3rd qtr -GFMS

November 09, 2018 / www.kitco.com

By Renita D. YoungNEW YORK, Nov 9 (Reuters) - Weaker gold prices boostedinvestment demand during the third quarter, but gains werecapped by a sell-off in gold-backed exchange-traded funds(ETFs), the GFMS metals consultancy at Refinitiv said on Friday.The price of gold dropped nearly 5 percent in the thirdquarter as investors continued to favor the U.S. dollar andriskier assets during a global trad...Read More

Gold falls to 1 month low as Fed affirms rate-hiking stance

November 09, 2018 / www.cnbc.com

Published 22 Hours AgoUpdated5 Hours AgoReuters Gold fell to its lowest in a month on Friday as the U.S. dollar strengthened after the Federal Reserve reaffirmed its monetary tightening stance, seen as a negative for non-yielding bullion.The Fed held interest rates steady on Thursday but is widely expected to raise interest rates in December - which would be its fourth hike this year - as it point...Read More

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