Russia adds another 600,000 oz to it's gold reserves in MayHoldings of U.S. government debt slashed in half to $48.7 billion in April'Keeping money safe' from U.S. and Trump - Danske BankTrump increasing the national debt by another 6% to $21.1 trillion in less than 18 monthsAsian nations accumulating gold as shield against dollar devaluation and trade warsRussia dumps Treasuries for gold and in...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
FRANKFURT (Reuters) - Bank regulation has gone too far, yet supervisors may still be missing risk factors that could herald the next crisis, the outgoing Dutch member of the European Central Bank’s Supervisory Board said on Thursday.Banks have faced increasingly stringent rules since the global financial crisis and critics argue that excessive regulation could force financial companies to ta...Read More
DUBLIN (Reuters) - Tariffs imposed on the European Union by U.S. President Donald Trump go against “all logic and history” and the EU will do what is required to rebalance transatlantic trade, EU Commission President Jean-Claude Juncker said on Thursday.“The United States’ decision to impose tariffs goes against that (trust),” Juncker said in an address to the Irish p...Read More
(Kitco News) - Gold prices were trading near fresh six-month lows after the U.S. initial weekly jobless claims fell to 218,000 in the week to Saturday, the Labor Department said. The total was better than expected.Market consensus called for initial claims to be around 220,000. The government revised the previous week’s figures by 3,000 from 218,000 to 221,000.In an initial reaction to data,...Read More
Examples of New Sun Group's conveniently-sized "Jade Bullion" product that is used as a alternative financial asset and to supply jewellery manufacturers with a certified and authenticated source of gem-grade jade. Photo courtesy New Sun Group.The beautiful ornamental mineral jade has been carved since prehistoric times. Jade is actually two minerals - jadeite and nephrite. The more iron, the more...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold is still on the defensive despite a report showing theheadline index for a survey of manufacturers in the Philadelphia area weakenedin June.The index for current general activity in the PhiladelphiaFed's manufacturing business outlook survey retreated to 19.9 from 34.4 in May,the regional bank said. The consens...Read More
Exploring Canadian Platinum's Cook Project in northern Nevada. Source: Canadian Platinum Corp.Canadian Platinum Corp. [CPC-TSXV] released the results on June 21 of the initial field exploration program on the 70%-owned Cook gold project located 100 km northwest of Winnemucca, northern Nevada.Managed by Axiom Exploration Ltd., of Saskatoon, SK, exploration work completed to date on the property inc...Read More
WASHINGTON (Reuters) - White House adviser Jared Kushner met with Egyptian President Abdel Fattah Al Sisi on Thursday, the White House said in a statement, as he continues to conduct meetings in the Middle East over a much-anticipated plan he is drafting for peace between Israel and the Palestinian territories.Kusher, President Donald Trump's son-in-law, and the White House Middle East envoy Jason...Read More
(Reuters) - The Dow Jones Industrial Average opened lower on Thursday, as concerns over an ongoing trade spat between the United States and China lingered, while strong results from Micron and gains in large-cap technology stocks buoyed the S&P 500 and Nasdaq.The Dow Jones Industrial Average .DJI fell 18.59 points, or 0.08 percent, at the open to 24,639.21.The S&P 500 .SPX opened highe...Read More
Bowl Zone Drilling NorthContact Gold Corp. [TSXV: C] is pleased to announce drill results from the first five holes, totaling 983 metres from its 2018 drill program at the Pony Creek gold property ("Pony Creek"), located on the Carlin Trend in Elko County, Nevada, immediately south of Gold Standard Venture's Railroad/Pinion project.These first five holes were designed to offset and build upon area...Read More
Comex copper prices traded in negative territory on Thursday June 21 morning in the United States, with threats of an impending trade war between the US and China hanging over the market.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.70 cents or 0.3% to $3.0330 per lb. The contract is now on a six-day losing streak."Copper has started to consolid...Read More
Click to EnlargeNevada Exploration Inc. ("NGE" or the "Company") (TSX-V: NGE; OTCQB: NVDEF) is pleased to report that a review of historic drilling at its South Grass Valley Project has provided further evidence for the presence of shallow hydrothermally-altered lower-plate bedrock at the company's South Grass Valley Project (the "Project"). The Company is also pleased to report that it has sign...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Thursday June 21, with the complex down by an average of 0.2%. Nickel, up by 0.3% at $15,000 per tonne, was the exception. Copper was off by 0.3% at $6,797 per tonne.Volume has been high with 10,539 lots traded as at 7.15am London time.This morning's general weakness follows a more divergent...Read More
The ZincX Resources Akie Project exploration camp in the Kechika Trough, 260 km north-northwest of Mackenzie, northeastern British Columbia. Photo courtesy ZincX Resources Corp.(Click Here for recent ZincX story published in Resource World Magazine)ZincX Resources Corp. [TSX Venture Exchange: ZNX] is pleased to announce it has received positive and robust results from the recently commissioned ind...Read More
The Thursday Market Minute Global stocks mixed as trade war rhetoric eases, but risk aversion dominates trading.Oil slumps lower as OPEC preps for Friday decision on output in Vienna.Wall Street futures point to modestly higher open; Nasdaq may test new record highs.Dollar holds at 11-month highs; pound weakens ahead of Bank of England rate decision in London.Daimler warns on profits, cites trad...Read More
VIENNA (Reuters) - OPEC edged closer on Thursday towards raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable.A production rise of about 1 million barrels per day (bpd) or around 1 percent of global supply was emerging as a consensus for the group and its allies, OPEC sources told Reuters,...Read More
LONDON (Reuters) - The dollar rose to a fresh 11-month high and the euro hit another low on Thursday as investors increased their bets on a prolonged period of monetary policy divergence between the U.S. and European central banks.The euro also weakened on Thursday to its lowest since July, 2017 after the Italian government appointed two eurosceptics to head key finance committees, reigniting worr...Read More
LONDON (Reuters) - Russian miner Petropavlovsk’s largest shareholder, who is calling for an overhaul of the board, has written to fellow shareholders, setting out plans to sell the company’s stake in an iron ore unit and to draw up deal targets in the gold sector.The company holds its annual general meeting in London on June 29, when, only a year after the previous board was toppled, s...Read More