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From art and whisky to gold, investors are turning to tangible assets

June 07, 2017 / www.mining.com

From safety deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand.A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist politics and a quickening of inflation. Two firms say they plan to open vaults in Europe capable of hold...Read More

Premier releases first Zulu resource

June 07, 2017 / www.mining-journal.com

Minning JournalLog in or subscribe to access this article LOGIN HEREAlready a member?EmailPassword Remember meForgot password ?CancelLost Password Email addressBe everywhere in miningAccess the industry's go-to information resource, with coverage that adds insight to industry topics, trends and issues that matter in the macro environment.Digital3 Users: ?25 per user, per monthSUBSCRIBE NOWThe i...Read More

US STOCKS-Wall St opens slightly higher; Thursday's events eyed

June 07, 2017 / www.kitco.com

* Former FBI director to testify before Congress on Thursday* UK election in focus* Navistar dips after posting quarterly loss* Indexes up: Dow 0.11 pct, S&P 0.10 pct, Nasdaq 0.26 pct (Updates to open)By Tanya AgrawalJune 7 (Reuters) - U.S. stocks opened slightly higher on Wednesday but gains were limited as investors stayed on the sidelines ahead of Thursday's major political and economic events....Read More

Gold Bulls Now Targeting $1,377.00, And Above

June 07, 2017 / www.kitco.com

(Kitco News) - It's always prudent for traders of any market and anytrading timeframe-even the short-term intra-day traders-to examine longer-termprice charts, such as weekly and monthly charts. History proves thatsignificant, trending moves in markets tend to see their prices gravitatetoward historical highs (in an uptrend) or lows (in a downtrend), which aredepicted on those longer-term charts....Read More

GLENCORE : Russia to Buy Back Stake It Sold in Rosneft

June 07, 2017 / www.4-traders.com

By Sarah McFarlane in London and Summer Said in Dubai Russia's sale of one-fifth of its state-owned oil company to Qatar and commodities giant Glencore PLC last year had an unusual provision: Moscow and Doha agreed Russia would buy a stake back, people familiar with the matter said. Russian President Vladimir Putin hailed the EUR10.2 billion ($11.5 billion) sale of the PAO Rosneft stake in Decembe...Read More

Congolese cling to election hopes, some fear the worst

June 07, 2017 / www.kitco.com

* Congolese clamour to vote, fear further election delays* President Kabila coopts opposition to ease pressure for vote* Economy worsens, corruption spreads* Officials reject comparisons with slide to war in 1990s By Aaron RossKINSHASA, June 7 (Reuters) - Arnaud Kalala had queued for hours in Kinshasa's rainy season heat to register to vote in an overdue election to replace Congolese President Jo...Read More

UPDATE 2-Anglo American names Stuart Chambers as next chairman

June 07, 2017 / www.kitco.com

* Current chairman to step down on Oct. 31* Anglo's recovery stalling after commodities market rally in 2016* Chambers involved in two big takeover deals last year (Adds comments from analysts, industry source)By Rahul B and Barbara LewisJune 7 (Reuters) - Anglo American has appointed Stuart Chambers, the former chairman of British chip designer ARM Holdings and packaging group Rexam, to succeed J...Read More

CORRECTED-UK elections aside, hedge funds bet pound to fall anew on Brexit

June 07, 2017 / www.kitco.com

(Corrects size of Algebris fund in paragraph 5)* Sterling fell 3 percent in less than four weeks* Hedge funds take view that pound will fall further* Exit from EU chief among British concerns for hedge funds By Maiya Keidan and Patrick GrahamLONDON, June 6 (Reuters) - Whatever the outcome of Britain's election on Thursday, some hedge funds are still betting sterling will fall anew -- anticipatin...Read More

Frugal moves rewarded

June 07, 2017 / www.mining-journal.com

The Africa-focused junior last week announced it would draw down the remaining half of a ?400,000 loan from Paracale Gold, which will help fund GoldStone into early 2018, and convert the loan amount plus interest into shares.GoldStone's directors also agreed to convert accrued and future salaries and fees through to the end of September into new ordinary shares to preserve cash.The measures follo...Read More

Bank Bailouts and Property Taxes

June 07, 2017 / www.bloomberg.com

Money StuffBank Bailouts and Property Taxesby Matt Levine@matt_levineMore stories by Matt LevineRead More

GLOBAL MARKETS-European bank bailout soothes anxious markets

June 07, 2017 / www.kitco.com

(Updates with more share gains)* Banking shares rise after Santander rescues rival Popular* Euro hit by report ECB may cut inflation outlook* All eyes on "Triple Threat Thursday"* Graphic: World FX rates in 2017 By Patrick Graham and Danilo MasoniLONDON, June 7 (Reuters) - A smoothly executed rescue of Spain's struggling Banco Popular drove European banking stocks higher on Wednesday in financial...Read More

The Gold Report Examines How 'Secondary Targets' are Looking First Rate for a Canadian Gold Explorer

June 07, 2017 / www.marketwatch.com

Jun 07, 2017 (Marketwired via COMTEX) -- SAN FRANCISCO, CA--(Marketwired - June 07, 2017) - With primary targets still not accessible due to weather, secondary targets are the focus, and analysts Ryan Walker of Echelon Wealth Partners and Adam Melnyk of PI Financial weigh in on the latest results. Company included in article: Victoria Gold Corp. In a June 5 press release, Victoria Gold Corp. (VI...Read More

Stock Futures Little Changed as Wall Street Looks to Thursday's Events - TheStreet

June 07, 2017 / www.thestreet.com

Stock futures were in a holding pattern again on Wednesday as investors cautiosuly waited for direction from a number of market-churning events on Thursday. S&P 500 futures were up 0.04%, Dow Jones Industrial Average futures were flat, and Nasdaq futures rose 0.14%. Top of the list, the investigation into the Trump campaign's alleged ties with Russia will come back into the spotlight as fo...Read More

Rio, Minmetals in exploration deal

June 07, 2017 / www.mining-journal.com

The pair have signed a heads of agreement to discuss potential collaboration in mineral exploration, both inside and outside China.Minmetals chairman He Wenbo said the partnership would help "secure mutual global opportunities for quality resources" and enhance the company's long-term development in the mining sector.Rio CEO J-S Jacques said Minmetals was rapidly becoming an important player in th...Read More

Nervous Investors 'Go For The Gold' - OptionsXpress

June 07, 2017 / www.kitco.com

Gold futures are among the "few bright spots for commodity bulls," with prices poised to test their 2017 high, says Mike Zarembski, senior commodities analyst with optionsXpress. Comex August gold on Tuesday threatened the $1,300-an-ounce level for the first time since mid-April, with investors moving some assets to so-called "safe havens" like gold and U.S. Treasury notes, he says. Factors cited...Read More

Gold Sees Corrective Pullback After Recent Good Gains

June 07, 2017 / www.kitco.com

(Kitco News) - Gold prices aremodestly lower on a normal downside technical correction after hitting a seven-weekhigh Tuesday. Prices are still within striking distance of the key $1,300.00mark. Major news events lie just ahead that are likely to move the preciousmetals markets. August Comex gold was last down $5.40 an ounce at $1,292.10.JulyComex silver was last down $0.10 at $17.61 an ounce. Ter...Read More

Triumph Gold starts 13,000m drill program at Freegold

June 07, 2017 / www.stockwatch.com

Mr. Paul Reynolds reportsTRIUMPH GOLD 13,000 METRE DRILL PROGRAM UNDERWAY AT FREEGOLD MOUNTAIN PROJECT, YUKONTriumph Gold Corp. has commenced a 13,000-metre diamond drill program at its road-accessible Freegold Mountain project in the Dawson range, Yukon.The program will test several new drill targets identified during 2016 field exploration and data review.The 2016 work focused on identifying geo...Read More

Osisko Mining drills 8.5 m of 12.5 g/t Au at Windfall

June 07, 2017 / www.stockwatch.com

Mr. John Burzynski reportsOSISKO INTERSECTS 12.5 G/T AU OVER 8.5 METRES AT WINDFALL Osisko Mining Inc. has released new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in Urban township, Quebec. The current 400,000-metre drill program combines definition drilling above the Red Dog intrusion, expansion drilling above and below Red Dog, expansio...Read More

Nunavut's second gold mine kicks off commercial production

June 07, 2017 / www.mining.com

TMAC Resources (TSX: TMR) has officially kicked off commercial production at its Doris gold mine and mill at the Hope Bay project in Canada's far north, which has now become Nunavut's second operating gold mine and the first one ever in the western area of the Territory.The explorer, which poured its first gold bar at the mine in February, is celebrating the ramp up toward full production by flyi...Read More

Nunavut's second gold mine kicks off commercial production

June 07, 2017 / www.mining.com

TMAC Resources (TSX: TMR) has officially kicked off commercial production at its Doris gold mine and mill at the Hope Bay project in Canada's far north, which has now become Nunavut's second operating gold mine and the first one ever in the western area of the Territory.The explorer, which poured its first gold bar at the mine in February, is celebrating the ramp up toward full production by flyi...Read More

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