Gold Articles

Trade conflict between U.S. and China impacting euro zone growth - Altmaier

Thursday October 11, 2018 6:10 AM / Kitco News

BERLIN, Oct 11 (Reuters) - The trade dispute between theUnited States and China is having an impact on global andtherefore euro zone growth, German Economy Minister PeterAltmaier said on Thursday.Speaking at a news conference to present the government'sdownwardly revised growth forecasts, Altmaier said that Berlinand its European allies wanted to safeguard the rules-based freetrade order by reform...Read More

Gold: Extreme Conditions Draw The Opposite Scenario

Oct. 11, 20185:03 AM / Simple Digressions

Gold is in its medium-term downward trend, driven by a strong US dollar and weak treasury note prices.These days the speculators trading US dollar futures are extremely optimistic about the US currency.On the other hand, the speculators trading US treasury notes futures are extremely pessimistic, heavily betting on lower prices. What is more, they demonstrate the highest pessimism in modern histor...Read More

Leagold closing Brazil mine for two months due to drought

Oct. 11, 2018, 3:52 AM / Cecilia Jamasmie

Canada's Leagold Mining (TSX:LMC) has had to temporarily shut down its Riacho dos Machados (RDM) mine in Brazil as a result of continued drought conditions in the country's Minas Gerais State.The Vancouver-based miner said it planned to resume operations in early December, with the commissioning of the grid powerline project.RDM was closed in August last year and restarted, on an intermittent basi...Read More

Access the #1 Marijuana IPO of 2018

Oct 11, 2018 3:39 AM / Wyatt Research Sponsored

Get ready for an influx of pot stock profits.On October 17th, marijuana will be 100% legal in Canada.That's sparking a new wave of IPOs. And shares could surge 501% - 1,364% in the coming weeks - just like the recent weed stock IPOs.One investor's research has uncovered a secret way to access red hot IPO shares.Click here right now for details on this urgent trading situation.Canada is the first c...Read More

2018-10-11T03:37:03 / Staff reporter

Christopher Lewis21 hours agoSilver markets pulled back to kick off the day on Wednesday, but it looks as if there are buyers willing to step in to this marketplace and perhaps go long. The $14.45 level above has been short term resistance, so it would make sense that we would attempt to get to that area. Silver markets continue to be very noisy, as there are a lot of moves around the world involv...Read More

South African rand gains ground against softer dollar

Thursday October 11, 2018 3:02 AM / Kitco News

JOHANNESBURG, Oct 11 (Reuters) - The South African randfirmed against the dollar on Thursday after the greenback wasjolted by the worst fall in U.S. stocks in nearly eight months. * The rand was 0.71 percent stronger at 14.6750 perdollar at 0650 GMT, having closed in New York at 14.7800. * The rand is expected to trade between 14.6000 and 14.9000to thedollar on Thursday, NKC African Economics wrot...Read More

Barrick maintains forecasts ahead of Randgold vote

Oct. 11, 2018, 2:50 AM / Reuters

Canada's Barrick Gold Corp, which recently announced a $6.1 billion deal to acquire Randgold Resources Ltd, affirmed its 2018 gold and copper production forecast on Wednesday, reflecting improvements in operations.Citing preliminary data, Barrick said its 2018 effective tax rate was expected at about 48 to 50 percent, up from a previous forecast of 44 to 46 percent, because of lower-than-expected...Read More

Reclusive Millionaire Warns Against Cash

Oct 11, 2018 1:37 AM / Stansberry Research Sponsored

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

UPDATE 1-Euro zone bailout fund head: no reason to expect Italy to lose market access

Thursday October 11, 2018 1:23 AM / Kitco News

(Adds more quotes, background)By Francesco Canepa and Jan StrupczewskiNUSA DUA, Indonesia, Oct 11 (Reuters) - There is noimmediate danger of Italy losing market access or beingdowngraded below investment grade because the Italian economyhas underlying strengths, the head of the euro zone bailout fundESM Klaus Regling said on Thursday.In a panel discussion at an event at the InternationalMonetary F...Read More

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