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
(Kitco News) - Gold andsilver prices are moderately lower in early U.S. trading Tuesday, with goldslumping to a six-month low, as major raw commodity markets are selling offamid fears of a major world trade war. Adding to downside pressure on theprecious metals is a surging U.S. dollar index that hit an 11-month high today.August Comex gold futures were last down $7.10 an ounce at $1,273.00. JulyC...Read More
Mr. Marc Prefontaine reportsORLA INTERSECTS 147.7 METRES GRADING 1.25 % COPPER AND 0.28 G/T GOLD IN CABALLITO COPPER-GOLD ZONE AT THE CERRO QUEMA PROJECT, PANAMADrilling in the Caballito copper-gold zone at Orla Mining Ltd.'s wholly owned Cerro Quema project in Panama continues to intersect near-surface mineralization with greater than 1 per cent copper and associated gold values.Diamond drill hol...Read More
Mr. Marc Prefontaine reportsORLA INTERSECTS 147.7 METRES GRADING 1.25 % COPPER AND 0.28 G/T GOLD IN CABALLITO COPPER-GOLD ZONE AT THE CERRO QUEMA PROJECT, PANAMADrilling in the Caballito copper-gold zone at Orla Mining Ltd.'s wholly owned Cerro Quema project in Panama continues to intersect near-surface mineralization with greater than 1 per cent copper and associated gold values.Diamond drill hol...Read More
Trade tensions pressured ASHR below a major moving averageAlong with the U.S.-North Korea summit and the Fed's latest policy announcement, one of the top stories in the market last week was China -- namely, the Friday imposition of 25% tariffs on certain Chinese goods by the Trump administration, which Beijing promised to match in a retaliatory move. While the impact of escalating trade tensions w...Read More
Kinross Gold Corp. announced June 12 that it has decided to move forward with a $100 million expansion to the Fort Knox gold mine about 25 miles northeast of Fairbanks.Read full newsRead More
Royal Gold, Inc. is benefiting from recent investments and using improved gold prices to get ready for its next round of growthRead full newsRead More
One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders.Read full newsRead More
JAKARTA - Environmental officials have warned of the potentially catastrophic impact of a planned gold mine in a conservation zone in eastern Indonesia, amid mixed signals from the district chief responsible for approving the project. The proposed mine would cover 233 square kilometers (90 square miles), an area four times the size of Manhattan, in ...Read full newsRead More
* Risk aversion sends global shares to lowest since December * Platinum hits more than 2 year low * GRAPHIC-2018 asset returns: (Recasts; updates prices, headline; adds comment, secondbyline, NEW YORK to dateline)By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, June 19 (Reuters) - Gold fell to a nearsix-month low and platinum hit its lowest since February 2016 onWednesday as a stronger green...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE ACQUIRES 100%-INTEREST IN HISTORIC GOLDSPAR MINENorthern Empire Resources Corp. has entered into a lease purchase agreement to acquire 100-per-cent interest in the Mary-Goldspar property from a Nevada-based private company. The property is an inlier to Northern Empire's claims in the Bare Mountains district, Nye county, Nevada.Michael G. Allen, president an...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE ACQUIRES 100%-INTEREST IN HISTORIC GOLDSPAR MINENorthern Empire Resources Corp. has entered into a lease purchase agreement to acquire 100-per-cent interest in the Mary-Goldspar property from a Nevada-based private company. The property is an inlier to Northern Empire's claims in the Bare Mountains district, Nye county, Nevada.Michael G. Allen, president an...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner, is closer than ever to fulfilling all conditions for the merger between Potash Corp. and Agrium, which created the company, after India's antitrust regulator green-lighted the sale of its 24% stake in Chile's Chemical and Mining Society (SQM) to China's Tianqi.The country's Competition Commission (CCI) had given Nutrien until April...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner, is closer than ever to fulfilling all conditions for the merger between Potash Corp. and Agrium, which created the company, after India's antitrust regulator green-lighted the sale of its 24% stake in Chile's Chemical and Mining Society (SQM) to China's Tianqi.The country's Competition Commission (CCI) had given Nutrien until April...Read More
World's No.1 miner BHP (ASX:BHP) is selling its Cerro Colorado mine, its smallest Chilean copper operation, to EMR Capital Advisors Pty, an Australian private equity firm that invests in natural resources in a cash deal worth $230 million.The Melbourne-based mining giant said in addition to the cash, it will receive $40 million in proceeds from the post-closing sale of the mine's copper invent...Read More
The 15-minute chart shows gold (XAU/USD) has ended consolidation with an upside break (bullish breakout). However, overbought readings in relative strength index (RSI) suggests the breakout could turn into a bull trap. The 15-minute chart also shows a doji candle, signaling indecision despite a bullish breakout. 15-minute chart Current price: $1,283 Daily High: $1,283.81 Daily...Read More
This year's ALTA conference had the highest attendance on record with 377 delegates from 29 countries, a massive 55% increase on 2017.Download (PDF, 2.57MB)Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell by 103 points on Monday, falling for the fifth straight session.The S&P 500 finished lower for the third time in the past four days.Energy stocks, such as Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) , traded higher as oil prices rose. Wall Street Overview Stocks declined on Monday, June 18,...Read More
Chris VermeulenPosted Jun 18, 2018Closing out a big week in the markets, we see the US markets rotating a bit lower after a number of news events.Some of these were very positive and others were negative.The take away from last week can be condensed into the following:The US Dollar strengthened all week and shot up above $120 near the end of the weekCrude Oil tanked on Friday – falling nearl...Read More