(Kitco News) - Coeur Mining, Inc. (NYSE: CDE) posted record silver-equivalent production in thefourth quarter and full-year 2017, the company announced Monday.The company said fourth-quarteroutput hit a record of 11.7 million silver-equivalent ounces, which was aquarter-on-quarter gain of 23% and year-on-year gain of 17%. This consisted of4.5 million ounces of silver and 119,114 ounces of gold, bo...Read More
• Strong USD recovery prompts profit taking. • Further weighed down by risk-on mood/positive US bond yields. Gold traded with a mild negative bias for the second consecutive session on Monday and retreated further below a 3-1/2 month peak touched last week. The post-NFP US Dollar recovery kept exerting some downward pressure around dollar-denominated...Read More
"From a seasonality perspective, there is hope for the bulls, with New Year's week having a historically bullish seasonality... [but] with [the Santa Claus rally] yet to arrive, the Fed might be labeled as the Grinch that is stealing Santa's thunder... "[T]he levels that are a round 20% above the SPX and SPDR S&P 500 ETF Trust (SPY - 266.86) 2016 closes -- 2,686.60 and $268.23 - have been areas of...Read More
The board of directors of Equinox Gold Corp. (TSXV: EQX,OTC: LWLCF) has approved full-scale construction of the Aurizona Gold Mine inBrazil, with the cost estimated at $146 million, the company says. Early-worksconstruction began in the third quarter, and the company’s timetable calls fora gold pour by late 2018. “This will be a milestone year for Equinox Gold as weadvance Aurizona and...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Updates with official midday prices)By Maytaal AngelLONDON, Jan 8 (Reuters) - Copper steadied on Monday as the market consolidated after strong gains in December and as a firmer dollar weighed, while aluminium hit a near two-week low amid growing stockpiles in China.The dollar rose against the euro, making dollar-priced metals costlier for non-U.S. in...Read More
Trading ingold futures is being dominated by moves in the U.S. dollar at the moment, althoughthe yellow metal remains range-bound, says George Gero, managingdirector with RBC Wealth Management. As of 9:10 a.m. EST, Comex February gold was down $2.20 to $1,320.10 anounce. Meanwhile, the March dollar index was up 0.38 point at 92.055. “We still see some profittaking but better open...Read More
(Kitco News) - Gold prices are modestly lower in early U.S. trading Monday. Some profit-taking andchart consolidation are featured, which is not unexpected after recent goodgains that pushed prices to a 3.5-month high last week. February Comex gold waslast down $3.50 an ounce at $1,318.80. March Comex silver was last down $0.13at $17.155 an ounce.Worldstock markets were mixed to firmer in quieter...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
Gold has had a monsterrally of almost $90 over the last 19 trading days. What looked like a breakdownturned into a great buying opportunity or a short squeeze. On Thursday, goldlooked like it had the final blow-off to the upside on heavy volume, making ahigh at $1,327.30 in the February futures. Since Thursday, gold has tradedslightly lower than the high but has stayed inside a $20 range. Typicall...Read More
Mr. Christian Milau reports EQUINOX GOLD ANNOUNCES FULL-SCALE CONSTRUCTION OF THE AURIZONA GOLD MINEEquinox Gold Corp.'s board of directors has approved the start of full-scale construction at the Aurizona gold mine in Brazil. All dollar amounts shown are in U.S. dollars.Early works construction has been under way at Aurizona since the third quarter of 2017. The project is advancing well and remai...Read More
* Sell dollar theme remains alive in currency markets* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 8 (Reuters) - The euro slipped a third of a percent on Monday as investors took profits after a recent rally though currency markets remained bullish about the outlook for the single currency on the backdrop of a strengthening economic recovery.With foreign exchange markets extend...Read More
* World stocks enjoy best start to year since 2010* European stocks hit highest since 2015* Dollar strengthens against euro after recent weakness* Commodity prices pause after recent rally By Tommy WilkesLONDON, Jan 8 (Reuters) - World stock markets hovered close to all-time highs on Monday as the best start to a year in eight years showed little sign of running out of steam, with the combination...Read More
NYSE - MKT: ASMTSX-V: ASMFSE: GV6VANCOUVER, Jan. 8, 2018 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (NYSE-American: ASM; TSX-V: ASM; FSE: GV6, "Avino" or "the Company") is pleased to announce it has received final approval from the Toronto Stock Exchange (the "TSX") to list its common shares ("Shares") and its warrants ("Warrants") on the TSX on January 8, 2018. Concurrent with the TSX list...Read More
Gold edged down on Monday, retreating further from last week's 3-1/2 month high as the dollar clawed back some ground against the buoyant euro and as traders bet on further increases to U.S. interest rates after Friday's payrolls data.Dollar weakness, which continued into early January after its biggest annual drop since 2003, had helped to lift assets priced in the U.S. currency, with gold last w...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)By Jamie McGeeverLONDON, Jan 8 (Reuters) - Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near term.Data from the Chicago Futures Trading Commission show that hedge fund...Read More
* Sell dollar theme remains alive in currency markets* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 8 (Reuters) - The euro dipped a quarter of a percent on Monday as investors took profits after a recent rally though markets remain optimistic about the outlook for the single currency after lackluster U.S. jobs data.With foreign exchange markets extending the sell-dollar theme fr...Read More
Hassett says supply side stimulus won't spur higher inflationFed officials give differing views of tax plan's impactThe Marriner S. Eccles Federal Reserve building.Photographer: Andrew HarrerThe Federal Reserve won’t need to pick up the pace of its planned interest-rate increases in response to the recently-passed tax overhaul package, White House chief economist Kevin Hassett said.The admi...Read More
How Likely Is a Correction in Bitcoin?The roller coaster that is the cryptocurrency market is alive and well.Ripple, the white-hot cryptocurrency that has more than doubled in the past week, fell as much as 39 percent from the all-high reached yesterday. Bitcoin, which has lost some of its luster as of late to its smaller rival, was up as much as 11 percent Friday.Ripple fell to as low as $2.16 af...Read More
BEIJING, Jan 7 (Reuters) - * China gold reserves were at 59.240 million fine troy ounces at end-Dec, unchanged vs end-Nov, the central bank said on Sunday. (Reporting by Josephine Mason) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neith...Read More
CloseGain/LossGold $1320.00-$0.50Silver$17.12-$0.08XAU86.29-1.26%HUI194.89-1.64%GDM656.05-0.87%JSE Gold1319.12-3.59USD92.34+0.37Euro119.67-0.75Yen88.47+0.04Oil$61.73+$0.2910-Year2.479%+0.002T-Bond151.8125UNCHDow25283.00-0.05%Nasdaq7157.39+0.29%S&P2747.71+0.17% The Metals: Gold fell $5.70 to $1314.80 in Asia before it bounced back to $1321.00 in London and then drifted back lower in morning...Read More