Mr. Quinton Hennigh reportsNOVO REPORTS PILBARA EXPLORATION BUDGET FOR UPCOMING 12 MONTHSNovo Resources Corp. has agreed to a $5.4-million (Australian) exploration budget for the year beginning July 1, 2018, with its 50/50 joint venture partner, Australian Securities Exchange-listed Artemis Resources Ltd., on joint venture tenure in the Karratha region of Western Australia.During the first four mo...Read More

Mr. Quinton Hennigh reportsNOVO REPORTS PILBARA EXPLORATION BUDGET FOR UPCOMING 12 MONTHSNovo Resources Corp. has agreed to a $5.4-million (Australian) exploration budget for the year beginning July 1, 2018, with its 50/50 joint venture partner, Australian Securities Exchange-listed Artemis Resources Ltd., on joint venture tenure in the Karratha region of Western Australia.During the first four mo...Read More

The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville-on Gold Street.That's where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-shuttered mine owned by AngloGold Ashanti. Nor has he found work in other gold mines around the town, home to the wo...Read More

LONDON (Reuters) - Ewen Stevenson, currently chief financial officer of the Royal Bank of Scotland (RBS.L), is to become finance director of Britain’s HSBC (HSBA.L), HSBC said on Monday.Stevenson will replace Iain Mackay who is retiring. HSBC CEO John Flint described Stevenson as a “strategic thinker” and “accomplished expert” in his field.“He brings a wealth of...Read More

(Reuters) - Xerox Corp said on Monday it would start sourcing products from new vendors to lower its dependency on Fujifilm Holdings Corp and may not renew its technology agreement with the 56-year-old joint venture Fuji Xerox.Fujifilm sued Xerox last week for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deas...Read More

BEIJING (Reuters) - Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington’s complaints about the country’s technological ambitions, diplomatic and Chinese state media sources said.With a full-blown trade war looming amid U.S. President Donald Trump’s threats to impose tariffs on up to $45...Read More

Short interest is rolling over on RUT stocks, but 1,700 looms overhead"Ironically, short-term market participants have turned positive on stocks just ahead of this Wednesday's FOMC meeting... note that stocks have struggled in the month after a rate hike during the current tightening cycle -- with a notable exception being December 2017, when tax cuts 'Trumped' Fed policy."-- Monday Morning Outloo...Read More

   •  A goodish pickup in the USD demand prompts some fresh selling.   •  Trade war concerns/risk-off mood help limit further downside. Gold edged lower at the start of a new trading week, albeit has managed to recover early lost ground and is currently holding in the neutral territory around the $1270 region. A goodish pickup in the US Dollar demand was see...Read More

BERLIN (Reuters) - Business confidence in Germany fell in June to its lowest in more than a year, suggesting the mood among company executives is darkening as the world edges toward a full-blown trade war.Activity declined in all four sectors measured by the Munich-based Ifo institute in Monday’s survey - manufacturing, services, trade and construction.The readings added to signs that Europe...Read More

* Risk-off mood, poor economic data hurt rand* Forward rate agreements project hike in 2018* Economists see benchmark rate kept at 6.5 percent* CPI contained within 3-6 percent target rangeBy Olivia Kumwenda-MtamboJOHANNESBURG, June 25 (Reuters) - South African markets are pricing in the possibility of an interest rate hike this year as the rand falls, even though economists say this is unlikely a...Read More

BEIJING (Reuters) - Chinese and European Union officials both agreed to oppose unilateralism and trade protectionism during talks in Beijing on a bilateral investment agreement, taking a swipe at U.S. President Donald Trump’s campaign of punitive tariffs.But a top EU official made it clear that Europe is not fully on the same page as China, calling on Beijing to do more to make market access...Read More

* Concerns over future monetary policy dampen mood* Lira initially jumped on hopes of political stability* Lira has weakened 18 percent this year (Adds capacity utilisation data, graphic, updates numbers)By Ezgi Erkoyun and Daren ButlerISTANBUL, June 25 (Reuters) - Turkish markets surrendered early gains on Monday as concerns over the direction of economic and monetary policy weighed on sentiment...Read More

EIELSON AIR FORCE BASE, Alaska, (Reuters) - The United States will soon present a timeline to North Korea with “specific asks” of Pyongyang after a historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, a senior U.S. defense official said.The official, who spoke to a small group of reporters ahead of a trip to Asia this week by Defense Secretary Jim Ma...Read More

MELBOURNE - (Reuters) - A partner in one of the world’s largest lithium mines said on Monday trial dates have been set to determine whether expansion at the Western Australian mine, in which China’s Tianqi Lithium holds a stake, would unfairly impact its minerals rights.Private-equity backed Global Advanced Metals (GAM) owns the rights to tantalum and other minerals produced at Greenbu...Read More

ISTANBUL (Reuters) - Turkish President Tayyip Erdogan won sweeping new executive powers on Monday after his victory in landmark elections that also saw his Islamist-rooted AK Party and its nationalist allies secure a majority in parliament.Erdogan’s main rival, Muharrem Ince of the Republican People’s Party (CHP), conceded defeat but branded the elections “unjust” and said...Read More

(Kitco News) - Gold has seen a modest bounce off Friday's lower levels on a weaker dollar overnight. The fundamental dynamics suggest gold will remain under pressure until there is a discernible reversal in dollar sentiment. We are seeing some support lining up at the $1,265 level, with upward momentum capped at the $1,278 area. Retail buying has begun to emerge, which suggests investors remain en...Read More

(Kitco News)- Gold has seen a modest bounce off Friday's lower levels on aweaker dollar overnight. The fundamental dynamics suggest gold will remainunder pressure until there is a discernible reversal in dollar sentiment. Weare seeing some support lining up at the $1,265 level, with upward momentumcapped at the $1,278 area. Retail buying has begun to emerge, which suggestsinvestors remain engaged,...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

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

393.3 million guns are held by civilians in the United States, which is "more than those held by civilians in the other top 25 countries combined."Read full newsRead More