MAX Resource (TSXV: MXR) announced this week that it was able to secure 100% of the 89 mineral applications it is aspiring to develop in western Colombia.The applications cover a total area of 1,757 square kilometres and are located within the Choc?? department, approximately 100 kilometres southwest of the city of Medell?-n. Of the 89 claims, 63 occupy 1,270 square kilometres, and are collectivel...Read More
Canadian gold producer Pretium Resources (TSX, NYSE: PVG) said output at its Brucejack underground mine in British Columbia fell just shy of fourth quarter and full-year production guidance.In the last three months of 2018, the Vancouver miner generated 96,342 ounces of gold, resulting in the mine producing nearly 189,000 ounces of the precious metal for the second half of the year, or 95% of Pre...Read More
Canadian gold producer Pretium Resources (TSX, NYSE: PVG) said output at its Brucejack underground mine in British Columbia fell just shy of fourth quarter and full-year production guidance.In the last three months of 2018, the Vancouver miner generated 96,342 ounces of gold, resulting in the mine producing nearly 189,000 ounces of the precious metal for the second half of the year, or 95% of Pre...Read More
* China-U.S. trade talks 'made progress', but details sparse * Dollar index near three-month low * China Nov factory inflation at more than 2-yr low * Tin prices top $20,000/T for first time since June(Adds closing prices)By Maytaal AngelLONDON, Jan 10 (Reuters) - Copper slipped on Thursday asoptimism over U.S.-China trade talks faded and poor China dataweighed, though a weaker dollar and still ti...Read More
(Updates prices) * SPDR Gold Trust holdings highest since July * Investors await further news on Sino-U.S. trade talks * Palladium off record high hit in prior sessionBy Arijit BoseBENGALURU, Jan 10 (Reuters) - Gold steadied near a more thansix-month peak on Thursday as the dollar's slight recoveryoffset concerns about economic growth after U.S.-China talksfailed to provide clarity on efforts to e...Read More
Ascot Resources (CVE: AOT) announced this week that it has entered into a definitive arrangement to acquire all of the issued and outstanding common shares of IDM Mining.In a press release, the Vancouver-based miner said that the goal behind the proposed acquisition is to create a prominent BC gold exploration/development company. The pro forma company would own two advance-stage high-grade gold...Read More
Sibanye-Stillwater said on Thursday its bullion output in 2018 would be lower than forecast after almost half of the employees downed tools since mid-November in a wage strike that has killed four employees at its South African gold operations.The miner said it expected 2018 production to come in at 1.1 million ounces compared with a guidance of between 1.13 million ounces and 1.16 million ounces,...Read More
* FTSE 100 up 0.5 pct * FTSE 250 up 0.1 pct * Tesco rises after jolly Christmas * Halfords sinks after update * Banks and oil majors lift the main index(Changes analyst comment, updates moves)By Muvija M and Shashwat AwasthiJan 10 (Reuters) - British shares turned around on Thursdayto end the session at their highest in over a month as investorsshrugged off a lack of detail from Sino-U.S. trade ta...Read More
Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country's administration, received a fresh blow on Thursday from the country's government, which fined the miner 300 million Tanzanian shillings (about $129,144) over allegations of breaching environmental rules by its North Mara operation.The company noted it has not yet received any supporting reports...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded higher on Wednesday following three straight days of gains for the blue-chip index.Apple Inc. (AAPL) rose 1.7% after CEO Tim Cook insisted the iPhone XR remained its most popular product even as reports suggested the tech giant will slash production for new models this quarter amid slowing demand.Le...Read More
The Wednesday Market Minute Global stocks extend gains, with markets around the world rising past three week highs, as an extra day in U.S.-China trade talks adds to speculation the two sides are nearing a deal.Stocks and bond yields continue to defy growth concerns even as World Bank trims global GDP forecast and cautions on "bumper ride" in 2019.U.S. crude tops $50 a barrel, extending recent g...Read More
By: Jay Martin, Cambridge House International"When you have eliminated the impossible, whatever remains, however improbable, must be the truth". - Sherlock HolmesThe Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years.In January, 2011, it was a struggle to walk in a straight line down any of the exhibition aisles.It was crow...Read More
2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style financial crash or another round of asset inflation. In Jay Taylor's latest newsletter, he concludes that both scenarios are good for gold:Which Safe Haven Markets Will Dominate in 2019?If we are, as I believe, on the precipice of a major decline in stocks, the question in my mind...Read More
By: Dave KranzlerThe stock market has gone "Roman Candle" since Fed Chairman, Jerome Powell, gave a speech that was interpreted as a precursor to the Fed softening its stance on monetary policy. Not that intermittent quarter-point Fed Funds rate nudges higher or a barely negligible decline in the Fed's balance sheet should be considered "tight" money policy.Credible measures of price inflation...Read More
By: Axel Merk, Merk InvestmentsThe quip, "if you aren't confused, you aren't paying attention" needs to be replaced: "with the Fed confused, you better pay attention." You may want to buckle up. Let me explain.It all starts with the Fed...In assessing our crystal ball for 2019, the starting point is the Federal Reserve (Fed) because they provide an anchor for the price of risk-free assets (Tre...Read More
By: George Smith I collect gold in the form of important insights, and in this article I'd like to share some of them with you. Until a few years ago I never thought of Moore's Law and a gold coin standard as having an important connection, but they do. Gary North lays it out (8/17):The gold standard was an institutional restraint on the expansion of government spending, and central banks we...Read More
By Ira EpsteinThe Fed is pausing, rallying gold - higher lows, higher highs:Read More
Gold Outlook 2019 - World Gold CouncilAs we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: ? financial market instability ? monetary policy and the US dollar ? structural economic reforms.Against th...Read More
The economy is just starting to deflate from a bubble, which could swing in gold's favor, this according to Peter Schiff, CEO of Euro Pacific Capital."It's just the air coming out of the bubble, that's the volatility. First, the bubble was inflating and everything was going up and now that the bubble is deflating, everything is coming down," Schiff told Kitco News.Peter Schiff is an internationall...Read More
Quill Intelligence CEO Danielle DiMartino Booth on Federal Reserve policy and concerns over a potential U.S. recession.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insid...Read More