Momentum as well as technicals for the US dollar are bearish. Everyone is short the greenback. I will prefer to look for signs of profit taking on short US dollar positions. FOMC minutes on Wednesday, US December private ADP employment numbers on Thursday and US December nonfarm payrolls on Friday will affect the short term trend of the US dollar. Last year the focus of the markets was on intere...Read More
Gold is up 9 of the last 12 Januaries with an average gain of over 4%... and so far 2018 is continuing that trend as the precious metal tops $1315 - its highest since late-September.Read full newsRead More
ML Gold Corp. (TSXV:MLG) ('ML Gold' or the 'Company') is pleased to announce it has commenced a winter drilling program on its recently acquired Stars property (the 'Property' or 'Stars') (see news release dated November 22, 2017). The Stars property is approximately 40 kilometres south-west of Houston, BC and lies within a highly prosperous porphyry belt pa...Read More
Renforth Resources Inc. (CSE - RFR) ("Renforth" or the "Company") is pleased to announce that the 2017 Parbec drill program finished on Dec 22, 2017 with a total of 1265m drilled to complete 7 of the planned drillholes.Read full newsRead More
FTSE 100 closes around 40pts downSterling jumps 0.61% against the US dollarNasdaq, S&P 500 and Dow Jones all upUK PMI data misses expectations London shares saw red on the first day back of the year, with FTSE 100 closing down nearly 40 points, or 0.52% lower, at 7,648.It comes as new data showed manufacturing growth had slowed more than expected in December - at 56.3, down from 58.2 in N...Read More
The Basij militiaman, a paramilitary storm trooper of Iran’s Revolutionary Guard, was reportedly swinging an electric shock baton when the crowd of angry protesters closed in around him.Read full newsRead More
Shares in TomCo Energy Plc (LON:TOM) dipped 12.5% to 3.5p on Tuesday afternoon after its chief executive and major shareholder Christopher Brown handed in his resignation.Brown - who owns a 19.57% stake in the oilfield developer - wants to step down so he can concentrate on his other business ventures.He has agreed to stay on until his replacement has been found and TomCo said it was in discussion...Read More
CMX Gold & Silver Corp. (CSE:CXC; OTC:CXXMF) ('CMX' or the 'Company') announces holders of its secured convertible debentures in the principal amount of $295,641 have agreed to extend the maturity date of the debentures by one year to January 31, 2019.Read full newsRead More
George Roach, CEO of Premier African Minerals Ltd (LON:PREM) tells Proactive of plans to float off its Zulu lithium project in Zimbabwe. Premier is approaching its 51% partner in RHA to assist in facilitating a long-term solution for the tungsten project following the loss of a third of its share value. George also tells Proactive how political changes in Zim could bode well for investors. M...Read More
Midatech Pharma Plc (LON:MTPH, NASDAQMTP) boss tells us how the company has secured a US$15mln, four-year senior loan facility that will be used to bankroll the clinical development of two promising cancer drug candidates. The funding has come via MidCap Financial, a middle market finance house, and Midtech has drawn down an initial US$7mln of the facility. CEO Jim Phillips tells Proactive what th...Read More
While Bitcoin remains lower in 2018, down around 2%, Ethereum, Litecoin, and Ripple are surging with ETH breaking to a new record high over $880 following headlines that Russia is exploring ways to create a 'cryptorouble'.Read full newsRead More
The geopolitical risks in 2018 are "easily as bad" as the economic risks in 2008, Eurasia's Ian Bremmer says.This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group warned in its annual outlook.Describing global political challenges as "daunting," the New York-based political risk consultancy said that "if we had to pick one year for a big unexpec...Read More
A total of 68 stations were closed by the Ministry of Commerce and Investment following nation-wide inspections.Read full newsRead More
Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.Read full newsRead More
Russia's oil industry continued its long-term expansion last year, with production hitting a record even as President Vladimir Putin joined forces with OPEC to clear a global glut and lift prices.Read full newsRead More
BEIRUT, LEBANON (8:05 P.M.) - The Syrian Arab Republic has condemned the stances of the U.S. and Israeli regimes in regards to the Iranian protests, an offRead full newsRead More
Companies that make packaging from plants instead of fossil fuels are starting to challenge the oil industry's ambition to increase the supply of raw materials for plastics.Read full newsRead More
Gold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Read full newsRead More
Forestry management company Active Energy Group PLC (LON:AEG) has successfully completed the initial testing of its five tonne per hour CoalSwitch biomass fuel plant in Utah. CEO Richard Spinks tells Proactive how this proves the technology is scalable to full commercial production and gives us the latest updates on projects in Newfoundland, Labrador and Alberta. Meet Chaarat Gold Holdings L...Read More
U.S. equity futures are higher in the first trading session of 2018 offsetting Friday's last hour sharp drop, as Asian stocks roar to new all time highs, while a surging euro which has rallied near to a 3 year high pressured European stocks across the board.Read full newsRead More