(Kitco News) - Gold Prices aremodestly higher in early U.S. trading Wednesday. Some short covering in thefutures market and bargain hunting in the cash market are featured. If the goldbulls cash push and close prices back above the critical $1,300.00 level, thena near-term market bottom would likely be in place. June Comex gold futureswere last up $2.10 an ounce at $1,294.10. July Comex silver was...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
Gold has been under pressure the last few weeks and is now consolidating at lower levels. It appears that the lows are in for now and the next move will be higher. There have been many excuses as to why gold has been trading lower, with one being the strength of the U.S. dollar. If that's the case, we would ask why gold was weak as the dollar was collapsing from 103 to 88. When looking...Read More
Gold has been underpressure the last few weeks and is now consolidating at lower levels.It appears that the lows are in for now and the next move will be higher.There have been many excuses as to why gold has been trading lower, with onebeing the strength of the U.S. dollar. If that's the case, we would ask why goldwas weak as the dollar was collapsing from 103 to 88. When looking at an...Read More
Oil and bank stocks historically struggle during Memorial Day weekTraders have a long weekend coming up as markets are closed next Monday, May 28, for Memorial Day. This week, I'm looking at some seasonality trends to see how stocks have typically behaved during the holiday week. Additionally, I'll list some stocks that have tended to do well and not so well next week.Memorial Day Week Has Been Be...Read More
Mr. Ralph Shearing reportsTELSON MINING CORPORATION DECLARES COMMERCIAL PRODUCTION AT ITS CAMPO MORADO MINE AS OF MAY 15, 2018, AND GENERATES US$7.7M CASH FLOW IN FINAL MONTH AND A HALF (APRIL 1 TO MAY 15, 2018) OF PRE-PRODUCTIONTelson Mining Corp. has started commercial production at its 100-per-cent-owned Campo Morado mine located in Guerrero state, Mexico, with over 60 days of operational stead...Read More
Mr. Ralph Shearing reportsTELSON MINING CORPORATION DECLARES COMMERCIAL PRODUCTION AT ITS CAMPO MORADO MINE AS OF MAY 15, 2018, AND GENERATES US$7.7M CASH FLOW IN FINAL MONTH AND A HALF (APRIL 1 TO MAY 15, 2018) OF PRE-PRODUCTIONTelson Mining Corp. has started commercial production at its 100-per-cent-owned Campo Morado mine located in Guerrero state, Mexico, with over 60 days of operational stead...Read More
South Africa's AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world's third-biggest producer of the precious metal, is cutting as many as 2,000 jobs at its domestic operations as part a restructuring aimed at reducing losses.The company, which is down to the Mponeng underground gold mine and a tailings treatment operation in its home country, said the measure would affect employees across the differen...Read More
British mining firm Goldplat has warned that it will shed some jobs with a plannedRead full newsRead More
A Discovery Channel reality show about gold mining is still dividing the small Colorado mountain town that provided its setting - even as the show plans to move on. Read full newsRead More
Last week I had the pleasure to attend Consensus 2018 in New York, the premiere gathering for the who's who in blockchain, bitcoin and cryptocurrencies.AtteRead full newsRead More
This particular metric has helped unearth some deep discounts in the mining industry.Read full newsRead More
This particular metric has helped unearth some deep discounts in the mining industry.Read full newsRead More
Gold remains flatlined around $1,292 despite signs of bearish exhaustion Risk aversion in the equities is not helping the yellow metal either. Currently, gold (XAU/USD) is flatlined around $1,292, having clocked a high of $1,296 earlier today. The safe-haven metal continues to have a hard time building upside momentum despite multiple long-tailed daily candles and a bullish price-relative streng...Read More
Despite Argentine President Mauricio Macri's pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity.More than two years into Macri's term, the country's dormant gold, silver, lithium and copper reserves - some discovered more than half a century ago - remain mostly untapped. "Conditions in Argentina are not sufficient for...Read More
World's No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) confirmed Wednesday is ready to sell its stake in the giant Grasberg mine, the world's second largest copper operation, to Indonesia's state mining holding company Inalum for $3.5 billion.The move could mark the end to a long-drawn-out, three-way dispute over the mine, which has been centered on bringing local ownership of Grasberg up to 51%, a...Read More
World's No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) confirmed Wednesday is ready to sell its stake in the giant Grasberg mine, the world's second largest copper operation, to Indonesia's state mining holding company Inalum for $3.5 billion.The move could mark the end to a long-drawn-out, three-way dispute over the mine, which has been centered on bringing local ownership of Grasberg up to 51%, a...Read More
SHANGHAI, May 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped from its five-month high to close at 93.59 last night. It lost momentum following the US-China trade war tension eased.Base metals saw mixed trading overnight. LME lead touched two-and-half month's high and closed over 2% higher due to worries...Read More
SHANGHAI, May 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped from its five-month high to close at 93.59 last night. It lost momentum following the US-China trade war tension eased.Base metals saw mixed trading overnight. LME lead touched two-and-half month's high and closed over 2% higher due to worries...Read More
SHANGHAI, May 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped from its five-month high to close at 93.59 last night. It lost momentum following the US-China trade war tension eased.Base metals saw mixed trading overnight. LME lead touched two-and-half month's high and closed over 2% higher due to worries...Read More