(Kitco News) - Even though gold’s current weakness might feel like one “endless summer,” choosing to go long gold at these low price levels could present a unique opportunity, according to one gold bull.“At current price levels, going long gold offers an interesting reward-to-risk ratio, given the excessive bearishness,” Metal Bulletin precious metals analyst Boris Mi...Read More
Mining has long been a central component of BC's economy, dating back to the mid-1800s, and Vancouver Island is no exception.Read full newsRead More
Nickel Tips – nickel buy Call ca2 given at price 432.50 (435+430) CMP 438.50. Low risk taker book 6 x 2 lot = 12 Points hereca2 :Nickel Calls Today - Buy Nickel at CMP 435, Add more if price 430 with SL 426 for Target 443 - 448 Read More
Even those who are skeptical about climate change and environmental arguments can appreciate that electric buses and trucks cut down on fuel and maintenance costs.Read full newsRead More
CloseGain/LossGold $1222.80-$9.20Silver$15.40-$0.20XAU76.96-2.94%HUI166.16-3.20%GDM595.58-1.38%JSE Gold1035.11+22.22USD94.77+0.58Euro116.46-0.78Yen90.04-0.23Oil$69.61+$0.3110-Year2.975%+0.015T-Bond142.65625-0.75Dow25527.07+0.44%Nasdaq7852.18-1.01%S&P2837.44-0.30% The Metals: Gold drifted lower throughout most of world trade and ended near its late session low of $1222.50 with a loss of 0.7...Read More
In their outlook for the second half of 2018, the World Gold Council have identified three key macro trends that will influence gold's behaviour and should be positive:i) positive but uneven global economic growthii) trade wars and their impact on currency; US dollar's rise may not last foreveriii) rising inflation and an inverted yield curveMomentum may be turning for gold and combined with at...Read More
In their outlook for the second half of 2018, the World Gold Council have identified three key macro trends that will influence gold's behaviour and should be positive:i) positive but uneven global economic growthii) trade wars and their impact on currency; US dollar's rise may not last foreveriii) rising inflation and an inverted yield curveMomentum may be turning for gold and combined with at...Read More
"Tetra Bio-Pharma Confirms Meetings With FDA --#TetraBioPharma $TBP #MedicinalMarijuana #MedicalMarijuana #Cannabinoid @TetraBioPharma #PainRelief #FDA --Read the News Release here: https://t.co/sX5NDSff5U"Read full newsRead More
"Stelmine completes the first $496 000 tranche of a private placement with investors including institutional funds -- $STH #STH #Courcy #Joubert #Fermont #QuebecMining #Gold #Opinaca #AU $STH.V -Read the News Release here: https://t.co/xElUgfvrSK"Read full newsRead More
Yamana Gold Inc. (TSX: YRI; NYSE: AUY) late Thursday reported that the company was profitable in the second quarter, with gold production so far this year on track to exceed 2018 guidance.Net earnings were put at $18 million, or 2 cents per share, a turnaround from a net loss of $39.9 million, or 4 cents, in the second quarter of 2017. Excluding special items, the company’s income would be a...Read More
Dollar strength and mild selling pressure combined were the primary contributors to today’s decline in gold pricing. Gold futures basis the most active August contract is currently down by $9.40, a net decline of just over ¾%, and fixed at $1,222.40. Today’s decline has taken all of yesterday’s gains and then some.Although gold has traded lower than current pricing, on an...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) increased its full-year production guidance to 330,000-340,000 ounces of gold at $580-$630 per ounce from the previous 290,000-330,000 ounces of gold predicted for 2018.In a press release, the Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey, which saw increased production due to improved le...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) increased its full-year production guidance to 330,000-340,000 ounces of gold at $580-$630 per ounce from the previous 290,000-330,000 ounces of gold predicted for 2018.In a press release, the Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey, which saw increased production due to improved le...Read More
Nickel Calls Today – Buy Nickel at CMP 435, Add more if price 430 with SL 426 for Target 443 – 448 Read More
The brief rebound in the Yuan is over as a barrage of headlines from China and US spark renewed concerns at Beijing's ability to withstand Washington's war.Read full newsRead More
Gold shorts are near a record high as saturating bearishness sets in.Read full newsRead More
Teck Resources Ltd boosted its production forecasts for copper, zinc and oil on Thursday as the diversified miner reported market-beating profits on the back of higher prices for a range of commodities.Flush with C$2.9 billion ($2.22 billion) in cash and C$7 billion in liquidity, Teck is in "great shape" to fund growth, said Chief Executive Don Lindsay, including big Chilean developments like the...Read More
"Tetra Bio-Pharma Confirms Meetings With FDA --#TetraBioPharma $TBP #MedicinalMarijuana #MedicalMarijuana #Cannabinoid @TetraBioPharma #PainRelief #FDA --Read the News Release here: https://t.co/sX5NDSff5U"Read full newsRead More
Global miner BHP said it has entered into agreements to sell its underperforming onshore U.S. oil and gas assets for $10.8 billion in cash.A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.Meanwhile, a unit of Merit Energy Company will buy BHP Billiton Petroleum (Arkansas) Inc and the Fayetteville assets, for a t...Read More
The president of Peru's National Society of Mining, Petroleum, and Energy, Pablo de la Flor, issued a statement today saying that Anglo American (LON:AAL) and Mitsubishi's joint venture to develop the Quelleveco project marks a new era for the country's mining industry.According to de la Flor, the project located in the southern Moquegua region will create 9,000 jobs during its construction phase...Read More