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 arehigher in midday U.S. trading Monday, with the yellow metal pushing back abovethe psychologically important $1,800.00 level and as silver closes in on $25.00.The metals marke...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) - Hedge funds remain reluctant to jump into gold; however, silveris attracting new momentum as its industrial demand picks up, according to someanalysts quoting the latest trade data from the Commodity F...Read More
You go to YouTube and click on a video. A new page loads and one of those unskippable ads plays.The ad is a clamor of flashy animations and thundering pop music featuring Ariana Grande, who wants to tell you about an incredible new cryptocurrency she just learned about.Are you interested in owning that cryptocurrency yourself?I'll give you a moment to think.The only thing you know about this crypt...Read More
(Kitco News) Nuclear energy is seeing a major comeback with the demand for uranium stocks soaring, said Scott Melbye, Uranium Royalty Corp CEO and executive VP of Uranium Energy Corp."Demand for uranium and nuclear generation has responded back to pre-Fukushima levels. We've seen 57 new reactors come online around the world," Melbye told Michelle Makori, editor-in-chief of Kitco News.Uranium is cu...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. dollarhigherin early U.S. trading Monday. The market is now seeing some routine "backingand filling" in an existing uptrend. The Bitcoin bulls still have the solidoverall near-term technic...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) - Commerzbank commodities analyst DanielBriesemann noted that gold is being lent buoyancy by the risinginflation expectations, in his latest daily commodities report. He added that"market-based infl...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 technicals are breaking higher this morning meaning someupside levels could be in focus. On Monday, the 200-period simple movingaverage has been taken out along with the orange internal trendline...Read More
Last weekwas an interesting one for the metals. The bottoms held, the trend reversed andfrom looking bad, they now look great. Forget about the news. The price actionand charts show bullish formations. During the past 6-7 days, we have seenhigher highs and higher lows, which indicate the rally should continue. Lookingback to Friday, gold and silver looked prepared for blastoff. Of course, JeromePo...Read More
StrengthsOf the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was BlowUP (BLOW), rising 88,848,931%.Tom Lee from Fundstrat says he could see the newly launched Bitcoin Futures ETF attract $50 billion. As reported by Bloomberg, Lee added that demand could even exceed inflows for QQQ. Lee's team has a year-end $100,000 price target on Bitcoin, though he says the coin's p...Read More
StrengthsThe best performing precious metal for the week was silver, up 4.35%. Gold steadied after a two-day advance as investors weighed comments from Federal Reserve officials indicating that interest-rate hikes aren't imminent. Increases to U.S. interest rates aren't coming "anytime soon," Cleveland Fed President Loretta Mester said Wednesday - though the central bank will act if warranted by i...Read More
Mr. Blayne Johnson of Calibre reportsCALIBRE ANNOUNCES ACQUISITION OF FIORE IN NEVADA CREATING A DIVERSIFIED, AMERICAS-FOCUSED, GROWING MID-TIER GOLD PRODUCERCalibre Mining Corp. and Fiore Gold Ltd. have entered into a definitive arrangement agreement whereby Calibre will acquire all of the issued and outstanding common shares of Fiore pursuant to a court-approved plan of arrangement.The transacti...Read More
Mr. John Mirko reportsROKMASTER TO RESUME UNDERGROUND DRILL PROGRAM AT ITS HIGH-GRADE GOLD REVEL RIDGE PROJECTRokmaster Resources Corp. has successfully concluded its 2021 surface diamond drill program (for details see news releases dated June 17, 2021, June 24, 2021, and Aug. 24, 2021) for the season at its Revel Ridge project with 10,747 metres cored in 39 holes.Underground diamond drilling (ful...Read More
Oct 25 (Reuters) - U.S. companies increased their borrowings for capital investments in September by 6% compared with a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.The companies signed up for $9.2 billion in new loans, leases and lines of credit last month, up from $8.7 billion a year earlier. Borrowings rose 8% from August."Supply chain disruptions and inflat...Read More
Mr. Xavier Braud of Benz Mining reportsBENZ MINING CORP. ANNOUNCES PROPERTY PAYMENT Benz Mining Corp. has made a $260,000 payment, of which $150,000 was paid in cash and the balance by the issuance of 174,658 shares, to Fury Gold Mines Ltd. This payment is in accordance with the terms of the option agreement dated Aug. 7, 2019, as amended on April 30, 2020, between Benz and Eastmain Resources Inc....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) - DRDGOLD (JSE, NYSE: DRD), aSouth African gold producer that recovers gold from the retreatment of surfacetailings, announced today that in Q3 2021, its gold production increased by 7%from the previous...Read More
One of the biggest issues in the news these days besides covid is the environment and climate change. About a decade or so ago it was a global warming crisis which in turn changed to just climate change which led to words like CO2, Carbon emmisions, carbon neutral, carbon credits, the green new deal and the list goes on. So what does this all have to do with mining? Well firstly with what is happe...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) - Australian gold miningcompany St Barbara announced today that in September quarter 2021, thecompany's gold production was 67,000 ounces, 8% lower than a year ago.The company said that itsAtlantic gold...Read More
Mr. John Watson reportsDRILLING COMMENCES AT THE SLUMBER GOLD PROJECT, HUMBOLDT COUNTY, NEVADANV Gold Corp. has commenced drilling at the 100-per-cent-controlled Slumber gold project located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, United States. Drilling at Slumber will encompass up to 1,500 metres in six to eight RC drill holes."Drilling commenced today at the Slu...Read More
NEW YORK, Oct 25 (Reuters) - The Dow Industrials and S&P 500 hit fresh record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.While the Dow and S&P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal.Tesla Inc (TSLA.O) jumped...Read More
New Found Announces Doubling of Drill Program to 400,000m and Increase to 14 Drill RigsCanada NewsWireVANCOUVER, BC, Oct. 25, 2021Read More