OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
(Updates with closing prices)By Peter HobsonLONDON, Nov 16 (Reuters) - Copper rose on Friday as signs ofsupply tightness supported prices, but worries about the outcomeof the U.S.-China trade dispute limited gains.Supply shortages also powered zinc towards its biggestweekly gain since September.Benchmark copper on the London Metal Exchange closedup 0.3 percent at $6,205 a tonne, 2.4 percent higher...Read More
LONDON, Nov 16 (Reuters) - Senior Eurosceptic ministerMichael Gove said on Friday he had confidence in Prime MinisterTheresa May and was focussed on working for a good deal forBritain as it leaves the European Union.Two of his cabinet colleagues quit over May's Brexit plans,leading to speculation that Gove might follow them.Asked if he had confidence in May, Gove said "I absolutelydo."&q...Read More
LONDON, Nov 16 (Reuters) - Senior Eurosceptic ministersMichael Gove, Liam Fox, Chris Grayling, Penny Mordaunt andAndrea Leadsom have agreed to stay in British Prime MinisterTheresa May's government, the Sunday Times reported on Friday.Two senior ministers quit May's cabinet on Thursday over herdraft withdrawal agreement, throwing her premiership into chaos."Gove, Fox, Grayling, Mordaunt and L...Read More
Gold Fields Ltd. is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2.Small teams of essential workers are using secret entrances to enter the mine and sometimes have to be smuggled in during the night to pump water, monitor equipment and undertake general maintenance...Read More
The precious metal group does not get any break in the past 7 years. The move lower has been relentless and rally has been short lived. Silver in particular has corrected 70% from the 2011 high at $50 and still has not shown any sign of serious recovery. Our short term Elliott Wave view suggests that Silver is doing a 5 waves impulsive Elliott Wave move from April 19, 2018 high where Intermediate...Read More
* Three mines ordered shut for environmental violations * Philippines is world's No. 2 nickel ore exporterBy Manolo Serapio JrMANILA, Nov 16 (Reuters) - The Philippines' environmentministry said nine suspended mines will be allowed to resumeoperations if they rectify previous violations of environmentalregulations, a move that could boost nickel output in the majorsupplier of the metal.The nine mi...Read More
* India premiums at $3 versus discount last week* Premiums in China, Hong Kong edge higherMUMBAI/BENGALURU - Gold is trading at premium in India for the first time in more than two months on robust demand following a busy festival week, while a dip in global prices earlier this week helped bullion's appeal in some Asian hubs.Dealers in India, the world's second biggest gold consumer after China, w...Read More
The Philippines will allow nine mines currently halted to resume operations if they correct previous violations of environmental rules, a government official said Friday, in a move that could increase global nickel supply.The mines, six of which are nickel operations, were permanently shut in early 2017 as part of an environmental crackdown on the sector. Environment and Natural Resources Secretar...Read More
Gold is consolidating in the range of $1,207 to $1,216 and a break above the upper end of the trading range would confirm a bullish continuation pattern, that is, a revival of the rally from the Nov. 14 low of $1,199. The yellow metal has found acceptance above the 200-hour exponential moving average (EMA). Further, the 50-hour EMA has cut the 100-hour EMA from below, confirming a bullish crossov...Read More
NEW DELHI/SHANGHAI, Nov 16 (Reuters) - India's Vedanta Ltd has been selling copper concentrate on the spot marketfrom stockpiles at its Sterlite smelter, a company officialsaid, after the facility was forced to stop operating earlierthis year amid pollution concerns.The company is disposing of around 70,000 tonnes of copperconcentrate that have been lying unused since the closure of theplant, the...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold rose as much as 1 percent on Friday as the dollar fell after U.S. Federal Reserve officials made cautions comments that fed doubt about the outlook for interest rate hikes, while palladium hit a record high driven by worries about short supplies.Spot gold rose 0.7 percent to $1,221.38 an ounce by 2:47 p.m. ET. The session high was t...Read More
JOHANNESBURG, Nov 16 (Reuters) - South Africa's rand wassteady against the U.S. dollar in early trade on Friday, in linewith a rise in bonds, with turmoil around Britain's exit fromthe European Union boosting investor appetite for emergingmarket assets.At 0707 GMT, the rand traded at 14.1800 per dollar,0.04 percent firmer, having closed in New York at 14.1850. * The currency is expected to trade i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average turned higher, led by gains in 3M (MMM) , Caterpillar Inc. (CAT) and Apple Inc. (AAPL) .Walmart Inc. (WMT) fell 2% even after after the world's largest retailer posted stronger-than-expected third-quarter earnings and raised earnings guidance for its next fiscal year.Cisco rose 5.5% after its fis...Read More
The Thursday Market Minute Global stocks reverse gains, sending U.S equity futures into the red, after a key U.K. lawmaker resigns from government over Prime Minister Theresa May's Brexit deal, triggering the potential for a leadership challenge or fresh national elections.Markets had been higher as reports of progress in U.S.-China trade talks gave investors a chance to re-enter risk marke...Read More
Investing.com - Gold prices inched up while the dollar slipped on Thursday following reports that China delivered a written response to U.S. trade demand, and that the two nations resumed talks earlier this week to diffuse their trade disputes.Gold futures for December delivery on theComexdivision of the New York MercantileExchange inched up 0.1% at$1,211.8a troy ounce by 1:00 AM ET (06:00 GMT).Me...Read More
CloseGain/LossOn WeekGold $1221.90+$8.60+0.99%Silver$14.41+$0.12+1.69%XAU66.08+1.67%+2.99%HUI148.56+1.47%+3.59%GDM539.56+1.49%+1.88%JSE Gold1121.57+12.92+2.14%USD96.44-0.61-0.47%Euro114.17+0.83+0.69%Yen88.65+0.41+0.70%Oil$56.46UNCH-6.20%10-Year3.071%-0.042-3.73%Bond139.59375+0.8125+1.25%Dow25413.22+0.49%-2.22%Nasdaq7247.87-0.15%-2.15%S&P2736.27+0.22%-1.61% The Metals: Gold jumped up to $1225.30...Read More
By Ira EpsteinGold is acting like it wants to move higher into year end.https://www.iraepstein.com/ Read More