Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Today, Victoria Gold (TSX-VGCX) announced that during the three months ended September 30, 2021, the Eagle Gold Mine produced 55,827 ounces of gold, compared to 35,312 ounces of gold production in Q3 2...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) reported Friday that its sales for the three months ended September 30, 2021 were $162.6 million, an increase of 95% from the $83.4 million reported in Q3 20...Read More
Bitcoin, stocks, and gold are all poised for major moves, but not all moves will be equal. Gareth Soloway, chief market strategist at InTheMoneyStocks.com discusses with David Lin, anchor for Kitco News, which of these assets are most likely to breakout to the upside. While Bitcoin has breached new all-time highs in recent weeks, it is still struggling to break a double top. In the past bull cycle...Read More
(Kitco News) - Sentiment in the goldmarket has turned significantly bullish as the precious metal sees its bestweekly gain in six months. This week gold pricesbroke their current downtrend. They pushed to a five-month high as inflationfears flooded back into the market after the U.S. Consumer Price Index showedan annual rise of 6.2%, the highest reading in more than 30 years. "A lot of invest...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Pretium Resources (TSX, NYSE: PVG) reported today that in Q3 2021, the company produced 90,673 ounces of gold, up 5% compared with 86,136 ounces produced in Q3 2020.According to the company's statement...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - New Gold (TSX: NGD) announced today that its total production in Q3 2021 was 105,628 gold equivalent ounces, a decrease of 9% compared to Q3 2020 (115,536 ounces).The company said that its revenue for...Read More
Mr. Mac Balkam reportsESKAY MINING ENTERS INTO AMENDED COST SHARING AGREEMENT WITH SEABRIDGE GOLD TO FINANCE COULTER CREEK ACCESS ROADFurther to the joint news release of Eskay Mining Corp. and Seabridge Gold Inc. issued July 5, 2021, Seabridge and Eskay Mining have amended the terms of their original agreement to share equally the costs of construction of the first nine kilometres of the Coulter...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -After spending the morning in negative territory, gold pricesare once again on the move higher, getting a boost following weaker thanexpected U.S. consumer sentiment data.Friday, preliminary data from t...Read More
Mr. John Mirko reportsROKMASTER IDENTIFIES NEW GOLD-SILVER, ZINC-SILVER STRIKE EXTENSIONS AND TRENDSRokmaster Resources Corp. hasoutlined recent progress at its Revel Ridge project, including: (1) characterizing the southeastern gold-rich extension of the Revel Ridge Main zone (RRMZ); (2) outlining a second mineralized trend potentially characterized by the carbonate-hosted (carbonate replacement...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices arelower again in early U.S. trading Friday, on what is still just a normalcorrective pullback after prices hit a record high earlier this week. A priceuptrend remains in pla...Read More
RYE, N.Y. -- (Business Wire)The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American: GGN) (the "Fund") approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of January, February, and March 2022. Based on current dynamics, the Fund may make distributions in e...Read More
NEW YORK, Nov 12 (Reuters) - A lack of news over U.S. President Joe Biden's pick for Federal Reserve chair is introducing unpredictability for investors at a crucial time, as the central bank prepares to taper its asset purchases and start hiking rates.Many investors have been expecting that Fed Chair Jerome Powell, who was nominated for the role by President Donald Trump in 2017, would be renomin...Read More
LONDON (Reuters) - The Bank of England will be the first major central bank to raise interest rates but whether that initial increase comes as soon as next month or if it waits until early next year has divided economists polled by Reuters.Britain's central bank surprised markets - but not a majority of the economists Reuters surveyed in October - by leaving Bank Rate unchanged at a record low of...Read More
LONDON, Nov 12 (Reuters) - Wall Street was headed for a steady start on Friday, helping stocks to consolidate record highs in Europe on the back of strong earnings and shrug off renewed selling in U.S. Treasury markets.The dollar was set for it biggest weekly rise in five months, helping to send crude oil prices down nearly 2% a barrel.U.S. Treasury markets were closed on Thursday for a holiday, b...Read More
The newsheadlines this week, along with the rising gold price, is implying investorsacross the globe have finally accepted that inflation will continue to run hot.Despite the best efforts by central banks to convince them that surging pricesof most everything is transitory, December Gold futures are headed for their biggestweekly gain in six months. The gold price has also moved sharply above both...Read More
After Thursday's solid rally, gold, silver and platinum are seeing a small pullback this morning. Yesterday, we wrote that a pullback was expected and healthy for the metals. With a clear head, those who understand how markets work would recognize this action is healthy and should lead to a bigger rally. When looking at the footprint the charts leave, the pace of the rally was a little too fa...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are lower in early U.S. trading Friday, on normal downsidecorrections and some chart consolidation following recent good gains that thisweek pushed prices to multi-month highs. Bu...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Silver has pulled back 1.23% in the European session as the market seems to be taking stock following the recent moves higher in precious metals. The price is now at the $25/oz psychological level...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Damian Courvalin, Head of Energy Research at Goldman Sachs was recently interviewed on Bloomberg television and he had some bullish comments on gold.He kicked off the interview by saying, Ove...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold is retracing slightly after six sessions of gains. The yellow metal is -0.17% lower leading into the European open trading at $1858/oz. Silver is trading 0.10% higher at $25.26/oz. Elsewhere in th...Read More