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Chile's peso hits strongest level since May 2015

January 02, 2018 / www.kitco.com

SANTIAGO, Jan 2 (Reuters) - Chile's peso hit its strongest level since May of 2015 in early trading on Tuesday, bidding at 611.80 pesos per dollar.Chilean stocks and currencies posted sharp increases in 2017, bolstered by the victory of conservative billionaire Sebastian Pinera in last month's presidential election. (Reporting by Dave Sherwood) Disclaimer: The views expressed in this article are...Read More

FOREX-Euro hits four-month high as dollar begins year on back foot

January 02, 2018 / www.kitco.com

* Euro's 2-1/2 peak against dollar within sights* Commodity currencies rally again* MiFID II introduction weighs on volumes* Graphic: World FX rates in 2017 (Adds details, quote)By Tommy WilkesLONDON, Jan 2 (Reuters) - The euro traded close to its highest level in three years against a broadly weaker dollar on Tuesday, the first trading day of 2018, on optimism over a brightening economic picture...Read More

GLENCORE : Agrees to Sell Australian Coal Mine to GFG Alliance -- Update

January 02, 2018 / www.4-traders.com

By Robb M. StewartMELBOURNE, Australia--Glencore PLC (>> Glencore) has agreed to sell an underground coal mine in eastern Australia to GFG Alliance, an industrial conglomerate owned by Britain's Gupta family that last year picked up steel and iron-ore assets in the country. Financial terms for the acquisition of the Tahmoor mine weren't disclosed by the companies, which said Tuesday they expecte...Read More

India's top iron ore state to meet output target despite mine closures

January 02, 2018 / www.kitco.com

By Jatindra DashBHUBANESWAR, India, Jan 2 (Reuters) - India's top iron ore state is likely to produce 100 million tonnes of ore in the 2017/18 fiscal year, in line with its target, despite authorities ordering the closure of some mines, a senior government official told Reuters on Tuesday.The eastern state of Odisha suspended operations of seven mines after leaseholders failed to meet a deadline o...Read More

Czech crown firms below 25.500 per euro, strongest since Nov 30

January 02, 2018 / www.kitco.com

PRAGUE, Jan 2 (Reuters) - The Czech crown firmed to its strongest level in one month on Tuesday after data pointed to a solid growth outlook for the country's economy.At 1149 GMT, the crown traded at 25.498 per euro, up 0.18 percent on the day and the strongest level since November 30, according to Reuters trading system data. Czech manufacturing business sentiment improved more than expected in D...Read More

Chile central bank unanimous in leaving rates unchanged -minutes

January 02, 2018 / www.kitco.com

SANTIAGO, Jan 2 (Reuters) - Chilean central bank policymakers decided unanimously to leave the benchmark interest rate unchanged at 2.5 percent in December but the committee considered a 25-basis-point cut, minutes of that month's meeting showed on Tuesday.In its last meeting of 2017, policymakers cited a "a fragile recovery" of the economy in justifying their decision.Chilean inflation...Read More

Deals of the day- Mergers and acquisitions

January 02, 2018 / www.kitco.com

(Adds Swala Oil and Gas, CanniMed)Jan 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: ** Tanzania's Swala Oil and Gas will buy up to a 40 percent stake in Orca Exploration Group's PAE PanAfrican Energy Corp. for $130 million, Swala said. ** Medical marijuana company CanniMed Therapeutics Inc said it had entered into an agreement with Up...Read More

GLENCORE : Sells Australian Coal Mine to GFG Alliance

January 02, 2018 / www.4-traders.com

By Robb M. StewartMELBOURNE, Australia--Glencore PLC has agreed to sell an underground coal mine in eastern Australia to GFG Alliance, an industrial conglomerate that last year picked up steel and iron-ore mining assets in the country. Glencore said the deal for its Tahmoor mine remains subject to state government approval and is expected to be completed this quarter. No financial details were di...Read More

EMERGING MARKETS-Strong growth data lifts emerging stocks to 5-1/2-yr high

January 02, 2018 / www.kitco.com

By Sujata RaoLONDON, Jan 2 (Reuters) - Emerging stocks surged one percent on Tuesday to the highest in 5-1/2 years, lifted by a weak dollar, data indicating robust economic growth and bullish commodities.Many emerging market country currencies also hit multi-week peaks.The first trading day of the year saw emerging stocks and bonds extend the previous year's gains, especially after purchasing mana...Read More

Belgium raises 2.19 bln euros in short-term debt auction

January 02, 2018 / www.kitco.com

BRUSSELS, Jan 2 (Reuters) - Belgium raised 2.185 billion euros ($2.64 billion) in an auction of short-term treasury bills on Tuesday with negative yields for both maturities sold, the country's debt agency said.Three- month treasury bills, the most frequently auctioned maturity, yielded a negative 0.621 percent, while six-month bills were sold for a negative yield of 0.615 percent.Investors have p...Read More

Brazil's Vale to retain control of port, receive $1.15 bln in Mosaic deal

January 02, 2018 / www.kitco.com

SAO PAULO, Jan 2 (Reuters) - Vale will conclude the sale of a fertilizer unit to the Mosaic Company with adjustments on Jan. 8, the Brazilian miner said in a securities filing on Tuesday.Vale said it will retain control of the TIPLAM port terminal, an asset which was originally included in the deal, and will receive $1.15 billion plus 34.2 million shares in Mosaic Co , equivalent to 8.9 percent of...Read More

India gold imports surge 67 pct in 2017 on restocking, retail demand -GFMS

January 02, 2018 / www.kitco.com

By Rajendra JadhavMUMBAI, Jan 2 (Reuters) - India's gold imports surged 67 percent in 2017 from the previous year to 855 tonnes as jewellers replenished inventory amid a rebound in retail demand, provisional data from precious metals consultancy GFMS showed.The rebound in purchases by India, the world's second-biggest consumer of gold after China, could support global prices , which are already ne...Read More

FOREX-Dollar begins year on back foot as euro shines

January 02, 2018 / www.kitco.com

* Euro's 2-1/2 peak against dollar within sights* Commodity currencies rally again* Graphic: World FX rates in 2017 By Tommy WilkesLONDON, Jan 2 (Reuters) - The euro climbed to a four-month high against a broadly weaker dollar on Tuesday, the first trading day of 2018, on optimism over a brightening economic picture in the euro zone.It finished 2017 with its best year against the dollar since 2003...Read More

RT @PopescuCo: #Gold begins 2018 on a firmer note on strong technicals

January 02, 2018 / reut.rs

Gold prices hit over 3-month highs onTuesday, supported by technical factors after the precious metalbroke through strong resistance last week.FUNDAMENTALS* Spot goldrose 0.2 percent to $1,305 an ounce at0114 GMT, having hit its highest since Sept. 26 at $1,307.63earlier in the session.* Gold benefited from technically driven momentum afterclosing above its 100-day moving average last week and bre...Read More

RT @PopescuCo: Oil marks highest January opening price since 2014

January 02, 2018 / www.reuters.com

Oil prices had their highest January opening since 2014 on Tuesday, supported by ongoing supply cuts led by OPEC and Russia as well as strong demand.Read full newsRead More

Marlin Gold Mining : IIROC Trade Halt - Marlin Gold Mining Ltd.

January 02, 2018 / dlvr.it

The following issues have been halted by IIROC:Company: Marlin Gold Mining Ltd.TSX-V Symbol:MLNReason:At the Request of the Company Pending NewsHalt Time... | d?cembre 22,2017Read full newsRead More

This past week in gold

January 02, 2018 / www.321gold.com

Jack ChanPosted Jan 1, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation recovered sharply from the lowest level in years.The breakdown on USD this week is supportive for overal higher metal prices in coming weeks.Summa...Read More

Moroccans continue to protest against the "mines of death"

January 02, 2018 / www.mining.com

On December 31, residents of Jerada, in northeastern Morocco, braved the winter cold and stayed on the streets late into the night in what was the ninth day of continued rallies in demand for jobs, social development and government intervention in what the call "the mines of death." This time, protesters showed up dressed as miners, had their faces and hands blackened and were carrying black loave...Read More

5 Reasons Gold Stocks Will Breakout in 2018

January 02, 2018 / www.miningfeeds.com

There are very few sellers leftThere were very few sellers left in January 2016 when the devastating "forever bear" was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able to hold above that low...Read More

5 Reasons Gold Stocks Will Breakout in 2018

January 02, 2018 / www.miningfeeds.com

There are very few sellers leftThere were very few sellers left in January 2016 when the devastating "forever bear" was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able to hold above that low...Read More

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