Gold and equities are spiking higher this morning, with theDow up over 300 points, continuing Friday's late-day rally. Gold, after beingup more than $15 overnight, has slowly grinded lower and now is up $5.The big question is whether this is a dead cat-bounce inmarkets that are going lower or are the bottoms. We look at this as a dead-catbounce and a natural rally after a heavy sell-off. Both gold...Read More
* Dollar weakens after last week's rally* Euro pauses below $1.23* All eyes on U.S. inflation data due on Wednesday* Stock market bounce seen supporting high-yielding FX* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 12 (Reuters) - The euro edged higher on Monday and the dollar fell back, as a strong start to the week for equity markets ended a rally for the greenback.The dollar last...Read More
Russia's Ambassador to Iran, Levan Dzhagaryan, announced Sunday that his government offered some support so that the Middle Eastern country revamps the Fordow nuclear facility, located near the northern city of Qom.In an interview with Russia's news agency TASS, Dzhagaryan said a delegation from the state-run nuclear agency Rosatom visited the Iran and discussed "certain practical aspects of the p...Read More
Russia's Ambassador to Iran, Levan Dzhagaryan, announced Sunday that his government offered some support so that the Middle Eastern country revamps the Fordow nuclear facility, located near the northern city of Qom.In an interview with Russia's news agency TASS, Dzhagaryan said a delegation from the state-run nuclear agency Rosatom visited the Iran and discussed "certain practical aspects of the p...Read More
BANGKOK, Feb 12 (Reuters) - Thailand's central bank said on Monday it had asked financial institutions not to get involved in cryptocurrency transactionsfor fear of possible problems from the unregulated trading.Banks are prohibited from investing or trading in cryptocurrency, offering cryptocurrency exchanges and creating platforms for cryptocurrency trading, the central bank's governor, Veeratha...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, has scrapped its 2017 dividend after a long-running dispute with the government of the East African nation cost the company $700 million in annual loss.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said its gold output would drop in 2018 as a result of the ongoing ban on exports of metal concentrate, which represent...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, has scrapped its 2017 dividend after a long-running dispute with the government of the East African nation cost the company $700 million in annual loss.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said its gold output would drop in 2018 as a result of the ongoing ban on exports of metal concentrate, which represent...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, has scrapped its 2017 dividend after a long-running dispute with the government of the East African nation cost the company $700 million in annual loss.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said its gold output would drop in 2018 as a result of the ongoing ban on exports of metal concentrate, which represent...Read More
Australia's Lucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamondssourcedfromresidualmaterialandkimberlitestockpiles.In a press release, the company explained that the gems were recovered through theexisting bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule as part of a previo...Read More
Australia's Lucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamondssourcedfromresidualmaterialandkimberlitestockpiles.In a press release, the company explained that the gems were recovered through theexisting bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule as part of a previo...Read More
Australia's Lucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamondssourcedfromresidualmaterialandkimberlitestockpiles.In a press release, the company explained that the gems were recovered through theexisting bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule as part of a previo...Read More
(Repeats to add story tag)* Commodity fund managers struggle vs computer-driven rivals* Automation drives half of U.S. commodity futures trading* Systematic funds crunch huge amounts of data* GRAPHIC- Rise of automated trading: By Eric OnstadLONDON, Feb 12 (Reuters) - "Chocfinger" made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading,...Read More
* Dollar weakens after last week's rally* Euro pauses below $1.23* Stock market bounce seen supporting high-yielding FX* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 12 (Reuters) - The euro edged higher on Monday and the dollar fell back, as a bounce in equity markets ended a strong run for the greenback in which nervous investors had rushed to reverse their bets against the U.S. cur...Read More
Broadway Gold Mining Ltd. announced that Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More
Suncor Energy (TSX:SU), Canada's second-largest oil and gas producer, is buying Mocal Energy's 5% stake in the Syncrude joint venture for $730 million (roughly Cdn$920 million), and said it's also acquiring an interest in an offshore project in the Norwegian Sea.As a result of the first deal, expected to close in the first quarter, Suncor's share in Syncrude rises to 58.74% from 53.74%. The other...Read More
(Adds detail)LONDON, Feb 12 (Reuters) - Acacia Mining has scrapped its 2017 dividend after full-year core earnings fell by more than a third because of a ban on unprocessed mineral exports in Tanzania, it said on Monday.The company, which is majority owned by Barrick Gold , said full-year earnings before interest, tax, depreciation and amortisation (EBITDA) fell 38 percent to $257 million after t...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index gapped down along with other world markets and fell 31 points or 2.5% for a 5.8% loss in two weeks. Support now moves down to 1200 and 1220. Resistance moves to 1250 and 1256.Our long-term momentum indicator MACD fell 2.6 points or 45% to -8.36....Read More
At least 18 people were killed at an illegal gold mine in southern Venezuela during clashes with security forces looking to take control of the area, an official said Sunday.Read full newsRead More
At least 18 people have been killed in a confrontation between security forces and illegal miners in eastern Venezuela. The mineral-rich region sees frequent clashes between rival gangs seeking to control gold deposits.Read full newsRead More
A Duke University-led study has found dangerously high levels of mercury and its more toxic chemical cousin, methylmercury, in soils, sediments and rivers near artisanal gold mines in the West African nation of Senegal.Read full newsRead More