Recent News

Oil steady on Venezuela exports, supply concerns

June 06, 2018 / www.kitco.com

LONDON (Reuters) - Oil prices steadied on Wednesday after Venezuela raised the prospect of a halt to some crude exports, easing worries about oversupply after reports that the U.S. government had asked Saudi Arabia and some other producers to increase output.Falling Venezuelan oil output helped push crude benchmark Brent LCOc1 to more than $80 a barrel last month, but prices have eased since then...Read More

UPDATE 3-Bond markets spooked as ECB set to debate stimulus exit next week

June 06, 2018 / www.kitco.com

* ECB’s Praet catches markets off guard with inflation comment* Italy bonds suffer as investors eye aggressive fiscal plans* Trading volumes rise on Italian bonds* U.S. Treasury yields rise to near 2-week highsBy Saikat Chatterjee and Dhara RanasingheLONDON, June 6 (Reuters) - Germany’s bond yields were set for their biggest daily jump in nearly a year on Wednesday, with borrowing cost...Read More

Dutch cenbank president Knot says ECB should end bond purchasing program

June 06, 2018 / www.kitco.com

MSTERDAM, June 6 (Reuters) - The European Central Bank should end its bond purchasing program as soon as possible, the Dutch central bank president said on Wednesday.Klaas Knot, who is also a member of the ECB’s governing council, said inflation in the eurozone is approaching 2 percent and there was no reason to continue a quantitative easing program.“That’s why I and most market...Read More

Merkel says conditionality on euro zone aid is not up for question

June 06, 2018 / www.kitco.com

BERLIN (Reuters) - The principle of conditions being attached to any aid doled out in the euro zone, including under a proposed European Monetary Fund, is not up for question, German Chancellor Angela Merkel said on Wednesday.“The principle of conditionality for the provision of aid in certain circumstances, is not being questioned in any way,” Merkel told the Bundestag lower house of...Read More

Botswana Diamonds grabs rights for 'high potential' S. African prospect

June 06, 2018 / www.mining.com

Shares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Wednesday after the miner said it had been granted rights to explore a piece of land close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production.The miner believes past explorers "systematically under-estimated" the grade and diamond quality of the 2.5-...Read More

Botswana Diamonds grabs rights for 'high potential' S. African prospect

June 06, 2018 / www.mining.com

Shares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Wednesday after the miner said it had been granted rights to explore a piece of land close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production.The miner believes past explorers "systematically under-estimated" the grade and diamond quality of the 2.5-...Read More

Gold Rush Or Gold Collapse?

June 06, 2018 / www.kitco.com

All markets leave a footprint;whether traders and investors want to believe them is another story. The moneyflow and direction of markets has more to do with money flow than it does thenews and fundamentals. The problem is simple -- traders and investors can'tkeep their emotions or opinions out of the equation.Gold is at a critical point inthe most recent cycle. We continued to read the footprint...Read More

Gold Rush Or Gold Collapse?

June 06, 2018 / www.kitco.com

All markets leave a footprint; whether traders and investors want to believe them is another story. The money flow and direction of markets has more to do with money flow than it does the news and fundamentals. The problem is simple -- traders and investors can't keep their emotions or opinions out of the equation. Gold is at a critical point in the most recent cycle. We continued to read the foo...Read More

How To Tap Into The Blockchain Movement

June 06, 2018 / www.schaeffersresearch.com

From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More

UPDATE 1-EU plans to hit U.S. imports with duties from July

June 06, 2018 / www.kitco.com

* EU counter-measures on 2.8 bln euro of U.S. imports * Canada, Mexico also imposing tariffs (Adds details of measures, plus Canada and Mexico)By Philip BlenkinsopBRUSSELS, June 6 (Reuters) - The European Union expects tohit U.S. imports with additional duties from July, ratcheting upa transatlantic trade conflict after Washington imposed its owntariffs on incoming EU steel and aluminium.EU member...Read More

What Next Week's Fed Meeting Could Mean for Stocks

June 06, 2018 / www.schaeffersresearch.com

It seems almost inevitable that the Fed will raise rates There is a heightened chance of stock volatility next week. The June Federal Open Market Committee (FOMC) meeting will wrap up on Wednesday, June 13, with Chairman Jerome Powell holding an afternoon press conference. The Fed is expected to raise rates by 25 basis points, which would be the second rate increase in 2018, and the seventh since...Read More

B2Gold Celebrates the Opening of the Solar Power Plant at its Otjikoto Mine in Namibia

June 06, 2018 / dlvr.it

B2Gold Corp. (TSX:BTO) (NYSE AMERICAN:BTG) (NSX:B2G) (Read full newsRead More

Controversial gold mine gets final approval from Michigan DEQ

June 06, 2018 / dlvr.it

State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More

Cryptocurrency: A Gold Mine for Open-Source Intelligence

June 06, 2018 / dlvr.it

Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More

Five dead in Indonesian illegal gold mine accident

June 06, 2018 / dlvr.it

Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More

Five dead in Indonesian illegal gold mine accident

June 06, 2018 / dlvr.it

Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More

Results of Gabriel's lawsuit against Romania may be known late 2019

June 06, 2018 / www.mining.com

Gabriel Resources (TSX-V:GBU) will have to wait until late next year to find out whether Romania will have to pay it $4.4 billion in alleged losses related to the company's Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests.The miner said the suit, filed last year at a World Bank's tribunal, was met with a counter claim from...Read More

Results of Gabriel's lawsuit against Romania may be known late 2019

June 06, 2018 / www.mining.com

Gabriel Resources (TSX-V:GBU) will have to wait until late next year to find out whether Romania will have to pay it $4.4 billion in alleged losses related to the company's Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests.The miner said the suit, filed last year at a World Bank's tribunal, was met with a counter claim from...Read More

Gold, World War II And Operation Fish

June 06, 2018 / seekingalpha.com

Why was Hitler so interested in acquiring gold?The Reich looted Europe's gold reserves."Operation Fish" was one of the greatest gambles ever.I recently had the opportunity to see the excellent 2017 film Darkest Hour, about British Prime Minister Winston Churchill's struggle to keep the United Kingdom in the fight against the Nazis, even as members of his own government pressured him to capitulate....Read More

South Africa's Harmony raises $82 mln via share sale

June 06, 2018 / www.mining.com

South African gold miner Harmony Gold raised just over 1.05 billion rand ($82 million) via the issue of new shares, it said on Wednesday, raking in cash to pay down debt used for an acquisition.Harmony took out loans to partly fund the $300 million acquisition of the Moab Khotsong mine earlier this year in a deal that the company said would significantly boost its operational cash flow.The com...Read More

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