OSLO, Jan 18 (Reuters) - Norway's central bank has awarded 24 billion Norwegian crowns($3.07 billion) in an F-deposit for Jan 18-23, with a highest rate of 0.48 percent, it said on Thursday.Overall demand in the auction was for 46.05 billion crowns.Allocation at the highest rate was 94.09 percent, the central bank added.($1 = 7.8237 Norwegian crowns) (Reporting by Oslo newsroom) Disclaimer: The v...Read More
PARIS, Jan 18 (Reuters) - France and Germany want to reach a joint position on euro zone reform, including tax convergence, the capital markets union and the banking union, between March and June this year, French Finance Minister Bruno Le Maire said on Thursday."We have ... an immediate priority which is the completion of the banking union, the completion of the capital markets union and tax...Read More
ELKO, Nev., Jan. 18, 2018 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold" or the "Company") USAU, -19.35% a gold exploration and development company, announced today that it agreed to sell $5 million of shares of its Series E convertible preferred stock in a non-brokered registered direct offering. The shares of Series E convertible preferred stock have an offering price equal to...Read More
ELKO, Nev., Jan. 18, 2018 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold" or the "Company") (NASDAQ: USAU), a gold exploration and development company, announced today that it agreed to sell $5 million of shares of its Series E convertible preferred stock in a non-brokered registered direct offering. The shares of Series E convertible preferred stock have an offering price equal to their stated valu...Read More
On Tuesday and Wednesday gold failed to breakout and is now under selling pressure, holding onto the $1,330level by its fingernails. With interest rates rising, although the FED is doingeverything it can to stop that, the offset of the weaker dollar is puttingweight on gold, stalling the drive higher. Coupled with some profit taking and yousee selling pressure on the metals.Factors that will push...Read More
After barreling to new record highs on Wednesday, the U.S. stock market looks set for a slow start. Blue chips appear ready to continue this week's outperformance, though, with futures on the Dow Jones Industrial Average (DJI) trading above fair value. And while the S&P 500 Index (SPX) is modestly higher in pre-market trading on a positive earnings reaction for Morgan Stanley (MS), the tech sector...Read More
BRASILIA, Jan 18 (Reuters) - Brazil on Thursday offered an initial $1 billion worth of 2047 dollar bonds in the first sovereign debt transaction of the year, a source with direct knowledge of the matter told Reuters.In a statement, the National Treasury said it had hired Citigroup Inc , HSBC Holdings Plc and Morgan Stanley to underwrite the reopening of its 5.625 percent Global 2047 bond. There we...Read More
LONDON, Jan 18 (Reuters) - Platinum miner Lonminhas received a further waiver on its debt agreements from its lenders, preventing a default, the South Africa-focused company said on Thursday.London-listed Lonmin, which is being bought by Sibanye-Stillwater , has been battling liquidity issues caused by combination of low platinum prices, a strengthening local currency and soaring costs.Lonmin's le...Read More
(Kitco News)- Positive sentiment within the manufacturing sector in the Philadelphiaregion was weaker than expected in January, according to the latest data fromthe Philadelphia Federal Reserve. Thursday, regional central bank's manufacturing business outlook survey fell to 22.2 in January, down from 26.2 in December, suggesting slower economic growth. The consensus expectations compiled by news o...Read More
Mr. JeffreyPontius reportsCORVUS GOLD EXTENDS MOTHER LODE DEPOSIT WEST, DRILLING 70.1 METRES @ 1.41 G/T GOLD, AND NORTH, DRILLING 33.5 METRES @ 1.6 G/T GOLD Corvus Gold Inc. has received assay results from an additional eight drill holes from its 2017 phase 1 drill program at its Mother Lode project in southern Nevada. The latest results continue to delineate the extension of the Mother Lode depos...Read More
(Kitco News) - Gold prices ticked down, but largely ignored the U.S. housing data from December, which revealed a sharp drop in housing starts. The U.S. housing starts fell 8.2% to a seasonally adjusted annual rate of 1.192 million units in December, the Commerce Department said on Thursday. Consensus forecasts compiled by most news organizations called for starts to be around 1.275 million. Novem...Read More
(Kitco News)- The U.S. labor market continued to build new momentum after the Labor Department report showed that weekly U.S. jobless claims fell by 41,000 to 220,000 claims in the week to Saturday.Consensus expectations compiled by various news organizations called for initial claims to be around 250,000. The government left the prior week’s tally unrevised at 261,000.“This is t...Read More
(Kitco News) - Gold prices have stabilized after a late day sell-offyesterday. The initial softness was prompted by a pop in the dollar, which waslikely, some profit taking, and not intervention by the BOJ or ECB. A largecommercial order for gold hit the tape after the European close, which drovegold below the $1,332 support line. The market had no issue absorbing the saleand gold stabilized arou...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 86.7 G/T AU OVER 4.3 METRES AT WINDFALLOsisko Mining Inc. hasprovided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee, James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and ar...Read More
JOHANNESBURG, Jan 18 (Reuters) - South Africa's central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday, saying that risks to the inflation forecast were still assessed to be on the upside.The majority of analysts polled by Reuters last week had predicted the repo rate would stay on hold. Central bank governor Lesetja Kganyago told a news conference that five members of the...Read More
(Kitco News) - Gold prices are lower in early U.S. trading Thursday, on a normal profit-takingpullback after hitting a four-month high Tuesday. Silver prices are also seeingsome downside corrective action today, after prices hit a two-month high onTuesday. February Comex gold was last down $10.40 an ounce at $1,328.90. March Comex silver was last down $0.096 at $17.07 an ounce.Thereare growing con...Read More
With U.S. stocks on a historic tear to start 2018, signs of extreme stock market optimism continue to pop up. For instance, a recent American Association of Individual Investors (AAII) survey recently sent up a "huge caution sign" for stocks. Now, the latest Investors Intelligence (II) survey indicates that stock market bears haven't been this AWOL since 1987 -- the year of the "Black Monday" cras...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Mr. Jean Martineau reportsDYNACOR AT FULL CAPACITY, PRODUCES A NEW RECORD HIGH OF 8,908 OZ OF GOLD IN DECEMBER 2017Dynacor Gold Mines Inc.'s gold ore processing facility in Chala (Peru) has been running at its full capacity of 300 tonnes per day since Nov. 25. Gold production in the month of December reached an all-time record high of 8,908 ounces. In 2017, for its first full year of operations, D...Read More
Mr. Matthew Hornor reportsMAPLE GOLD STARTS DRILLING STEP-OUT TARGETS AT THE DOUAY GOLD PROJECTThe first drill hole has commenced at Maple Gold Mines Ltd.'s Douay gold project. The first drill rig has arrived to site and has been mobilized to one of the priority infill and stepout drill targets from the 55 existing permits currently in place. Permit requests have been submitted for the balance of...Read More