Gold stocks Articles

Australia's Resolute Mining to open 3 mln oz Mali gold mine end-2018 - CEO

Monday June 12, 2017 08:07 / Kitco News

By Tiemoko DialloBAMAKO, June 12 (Reuters) - Australia's Resolute Mining will start producing gold from a 3 million ounce underground deposit at its Syama gold mine next year, its CEO told Reuters.In an interview while visiting Mali's capital Bamako this weekend, Resolute Mining CEO John Welborn also said a recently discovered adjacent deposit called Nafolo was expected to yield between 1.5 millio...Read More

FOREX-Eyes on central banks after sterling shocker

Monday June 12, 2017 08:04 / Kitco News

* Pound back under pressure after Friday slide* Prospect of softer Brexit counters economic, political worries* Dollar dips ahead of Fed meeting, rate rise fully priced* BOJ follows on Thursday* Graphic: World FX rates in 2017 By Patrick GrahamLONDON, June 12 (Reuters) - The dollar dipped on Monday on the run-in to Wednesday's decision on U.S. interest rates, while Britain's pound was back under p...Read More

Standard Chartered: Palladium 'Set To Be Undersupplied Longer Term'

Monday June 12, 2017 07:54 / Kitco News

StandardChartered cites potential for a short-term correction in palladium, which hitits highest price since 2001 on Friday, but also anticipates the market willremain "undersupplied" for a long time. "The forward curve has moved into asteep backwardation in less than a week, while Nymex stocks have fallen totheir lowest since 2003," Standard Chartered says. Analysts say much of thetightness in th...Read More

Tanzania accuses Acacia of illegal mining in fresh blow to Barrick's subsidiary

Jun. 12, 2017, 7:27 AM / Cecilia Jamasmie

Shares in Acacia Mining (LON:ACA) collapsed Monday after the government of Tanzania accused the gold miner of operating illegally in the country and said it has evaded taxes for years.A second special committee appointed by Tanzania's President John Magufuli found that Acacia, majority owned by Barrick Gold - the world's largest producer of the precious metal-, was not registered in the country.It...Read More

Sibanye says 202 illegal miners arrested since start of wildcat strike

Monday June 12, 2017 06:37 / Kitco News

JOHANNESBURG, June 12 (Reuters) - South Africa's Sibanye Gold on Monday updated the number of illegal miners arrested at its Cooke operations to 202 from 178 since workers downed tools last week, a company spokesman said.The company also said it would shut down operations until the end of week. "We will review the situation again closer to the weekend," Sibanye spokesman James Wellsted said. (Repo...Read More

Gold: An Imminent Downtrend

Jun. 12, 20176:21 AM / Brandon Dempster

Several core events last week caused gold to trend down and not eclipse its previous peak.The Comey hearing took a lot of risk off the top of markets, providing direct strength to the dollar.The UK elections and the recent ECB meeting both caused weakness in the FX markets, also lending strength to the dollar.A downtrend is imminent for gold and investors should bump up allocations to risk-off ass...Read More

UPDATE 3-Uncertainty after UK election shock keeps pound on retreat

Monday June 12, 2017 04:50 / Kitco News

* Sterling sinks to seven-month low against euro* Election outcome negative for UK credit profile - Moody's* Graphic: Sterling and gilt yields * Graphic: World FX rates in 2017 * Graphic: Trade-weighted sterling since Brexit vote (Adds in economic surprises index, fresh comment)By Ritvik Carvalho and Patrick GrahamLONDON, June 12 (Reuters) - Sterling sank to a seven-month low against the euro on M...Read More

S.Africa's Sibanye says $1 bln rights issue oversubscribed

Monday June 12, 2017 02:44 / Kitco News

JOHANNESBURG, June 12 (Reuters) - Sibanye Gold's $1 billion rights issue, aimed at raising capital to help fund its acquisition of U.S. platinum producer Stillwater, was oversubscribed by almost five-fold, the company said on Monday.Such capital raising efforts are comparatively rare at the moment in South Africa's troubled mining sector, which is beset by a range of challenges including policy un...Read More

5 Reasons Why Ethereum Is The Best Cryptocurrency

June 12, 2017 / Article written by Taki Tsaklanos

The price of Ethereum continues to skyrocket. It keeps on setting new all-time highs for more than a week now. More importantly, though, Ethereum broke through $300 this weekend, and set an intraday high at $354 on Sunday.That is really amazing in terms of price action, for sure given Ether's flash crash on May 26th. Ether crashed to $130, a decline of almost 40 percent in one day. Since then, how...Read More

Global Equity Markets Weaker; Big U.S. Data Week on Tap

June 12, 2017 / Jim Wyckoff

(Kitco News) - World stock markets were mostly lower overnight, following Wall Street's sell off last Friday. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.Gold prices are slightly lower in pre U.S.-session trading, amid a lack of fresh, bullish fundamental news to support the safe-haven metal.Focus is on this week's FOMC meeting that begins on Tuesday...Read More

PRECIOUS-Gold edges up on weaker stocks, dollar ahead of Fed meeting

Mon Jun 12, 2017 | 4:30am / Reuters Editorial

* Fed meeting starts on Tuesday* Focus on pace of Fed rate hikes (updates prices, adds quote)By Nithin ThomasPrasadBENGALURU, June 12 Gold inched up on Monday asAsian stocks fell and the dollar eased ahead of a U.S. FederalReserve policy meeting that could give clues on the pace ofinterest rate hikes over the rest of the year.With the Fed widely expected to raise interest rates at itstwo-day meeti...Read More

The Price of Gold Could Rally Past $1,300 After the June FOMC Meeting

June 12, 2017 / Jack Delaney

Money Morning Resource Specialist Peter Krauth has good news for precious metal investors: The price of gold could start climbing and reach $1,300 an ounce if the Fed raises rates on June 14.From today's gold price of $1,270.70 per ounce, that's a modest gain of 2.3%."Early next week, we could see some more sideways movement leading up to the outcome of the FOMC meeting on June 14. And that may we...Read More

SWOT Analysis: Gold's Strength Is Justified Says UBS

Monday, 12 June2017 / Staff reporter

StrengthsThe best performing precious metal for the week was palladium, up 5.10 percent. Grant Sporre, an analyst at Deutsche Bank, noted there is a genuine physical tightness in the market, but the spike had all the hallmarks of someone being caught short and being squeezed. Bullionvault's Gold Investor Index, which measures the balance of client buyers against sellers, rose the most in two ye...Read More

The Anatomy of Brown's Gold Bottom

Monday, 12 June2017 / Staff reporter

By: Keith WeinerAs most in the gold community know, the UK Chancellor of the Exchequer Gordon Brown announced on 7 May, 1999 that HM Treasury planned to sell gold. The dollar began to rise, from about 110mg gold to 120mg on 6 July, the day of the first sale. This translates into dollarish as: gold went down, from $282 to $258. It makes sense, as the UK was selling a lot of gold or does it?We won'...Read More

Connecting the Dots - 6/12/17

Monday, 12 June2017 / Staff reporter

By: Market AnthropologyFinding support around last November's lows, weakness in the US dollar paused last week with various dollar benchmarks now displaying full retracements of the post US election rally.While it wouldn't surprise us to see recent support extended before the Fed decision Wednesday as the dollar's oversold condition eases, we foresee two additional moves lower unfolding this year...Read More

Pension Funds, Sovereign Wealth Funds and Central Banks Stock Up on Gold Amid Uncertainty

Monday, 12 June2017 / attracta mooneyfinancial times, londonsunday, june 11, 2017

By: Mark O'ByrnePension Funds, Sovereign Wealth Funds and Central Banks Stock Up on Gold Amid UncertaintyBy Attracta MooneyFinancial Times, LondonSunday, June 11, 2017The gold reserves of the world's biggest public sector investors reached an 18-year high as they hoarded the precious metal after Donald Trump's election and the Brexit vote added to geopolitical uncertainty.State investors increase...Read More

Gold Market Morning: June-12-2017: Gold finds bottom and is reacting to currency moves now!

Monday, 12 June2017 / Staff reporter

Gold Today New York closed at $1,266.00 Friday after closing at $1,279.50 Thursday. London opened at $1,267.00 today. Overall the dollar was weaker against global currencies, early today. Before London's opening: - The $: was weaker at $1.1220 after Friday's $1.1178: 1.- The Dollar index was weaker at 97.13 after Friday's 97.44. - The Yen was stronger at 109.94 after F...Read More

What, Me Worry?

Monday, 12 June2017 / john mauldin

By John MauldinSell to Whom?(Almost) Everything Is AwesomeBending the Yield CurveThe Dangers of Passive InvestingGetting Married on St. Thomas, Omaha, San Francisco, and Freedom Fest in Las VegasForget the past. The future will give you plenty to worry about. George Allen, Sr.I try not to worry about the future, so I take each day just one anxiety attack at a time. Tom WilsonWelcome to the new, i...Read More

David Stockman Predicts the Debt Ceiling Won't Be Raised, There Will Be a Shutdown' this Summer

12/6/2017 / Bloomberg Business

Stockman appears on Bloomberg Markets' to discuss fiscal policy.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author,...Read More

Peter Schiff Audioblog: Volatility Rises as Fed Readies Another Rate Hike

12/6/2017 / Peter Schiff

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More