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Genius Properties to adjourn ASM to July 26

July 05, 2018 / www.stockwatch.com

Mr. Guy Goulet reportsGENIUS TO ADJOURN ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS Genius Properties Ltd.'s annual and special meeting of its shareholders is scheduled to be held on Friday, July 6, 2018. At the beginning of the meeting, after the appointment of the auditor, Genius will propose to its shareholders to adjourn the meeting to July 26, 2018. The other matters on the agenda of the m...Read More

Gold Up; FOMC Minutes A Non-Event As Traders Await U.S. Jobs Report

July 05, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices aremodestly to slightly higher in early-afternoon U.S. trading Thursday, on mildcorrective rebounds after both metals hit multi-month lows earlier this week.This afternoon’s release of the minutes from the latest meeting of the FederalOpen Market Committee (FOMC) did not have a significant impact on preciousmetals prices. August gold futures were last up...Read More

Hitching gold to the electric vehicle bandwagon

July 05, 2018 / www.mining.com

There may also be a gold angle to the electric vehicle revolution, argues the Gold Council in a study that looks at precious metal and various uses in electronics. While lithium, nickel, copper and cobalt have all enjoyed a lift, gold may have a role to play since it offers some circuitry and conductivity advantages over other types of metals.The industry is shifting rapidly towards electrificatio...Read More

Metanor drills 5.5 m of 8.4 g/t Au at Moroy

July 05, 2018 / www.stockwatch.com

Mr. Pascal Hamelin reportsMETANOR INTERSECTS 8.4 G/T AU OVER 5.5 METRES AT MOROY Metanor Resources Inc. has released the drill results from the continuing underground drill campaign at the Moroy zone, including new high-grade results of 8.4 grams per tonne gold over 5.5 metres, 11 g/t Au over four metres and 10.7 g/t Au over 4.4 metres. These new results demonstrate the high-grade continuity to t...Read More

Mirasol Outlines 1.4 km long Geophysical anomaly at Nico Ag-Au Project

July 05, 2018 / www.stockwatch.com

Mr. Stephen Nano reports MIRASOL OUTLINES 1.4 KM LONG GEOPHYSICAL ANOMALY AT THE RESOLUTION TREND OF THE NICO AG-AU PROJECT, SANTA CRUZ, ARGENTINAMirasol Resources Ltd. has completed this season's exploration at the Resolution trend, one of four high-grade silver-gold prospects at the 100-per-cent-Mirasol-owned Nico project, Santa Cruz province, Argentina. Highlights from the recent Resolution Tre...Read More

Genius Properties to adjourn ASM to July 26

July 05, 2018 / www.stockwatch.com

Mr. Guy Goulet reportsGENIUS TO ADJOURN ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS Genius Properties Ltd.'s annual and special meeting of its shareholders is scheduled to be held on Friday, July 6, 2018. At the beginning of the meeting, after the appointment of the auditor, Genius will propose to its shareholders to adjourn the meeting to July 26, 2018. The other matters on the agenda of the m...Read More

Rio Tinto says synergies, no Brexit behind decision to move sales team to Germany

July 05, 2018 / www.mining.com

World's second largest miner Rio Tinto (ASX, LON:RIO) said its recent decision to consolidate the sales and marketing teams in London and other European countries into one located in Frankfurt, Germany, had less to do with Brexit than with "synergies."In an interview with Australian Financial Review (subs. needed), chief executive Jean-S?(C)bastien Jacques said the plan was part of a wider reorga...Read More

Trump Says U.S. Tariffs On Chinese Goods Could Exceed $500 Billion

July 05, 2018 / www.kitco.com

David Lawder, Elias GlennWASHINGTON/BEIJING (Reuters) - President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods as the world’s two largest economies hurtled toward the start of a trade war.Trump confirmed that the United States would begin collecting tariffs on $34 billion in Chinese goods at 1...Read More

FOMC Minutes: Gold Prices Holding Steady As The Fed Sees Signs Of A Very Strong Economy

July 05, 2018 / www.kitco.com

(Kitco News)- Gold prices continue to hold on to its gains even after the minutes from the June Federal Reserve monetary policy meeting showed overall optimism on the U.S. economy.According to the June minutes, participants saw the U.S. economy has "very strong" with inflation rising to 2% over the medium term. In this environment, the committee saw interest rates rising to slightly abov...Read More

Under Fire For Ethics Scandals, EPA Chief Pruitt Resigns

July 05, 2018 / www.kitco.com

U.S. Environmental Protection Agency chief Scott Pruitt, who pleased President Donald Trump with his aggressive efforts to roll back environmental regulations, resigned on Thursday under heavy fire for a series of ethics controversies.Pruitt was one of Trump’s most effective Cabinet members, slashing regulations on the energy and manufacturing industries, including his move to repeal Democra...Read More

Trump's Tariffs Could Bring 1930s Style Depression

July 04, 2018 / www.kitco.com

Jul 05, 2018 Guest(s): John Doody An escalating trade war could spiral out of control and bring the world to the brink of an economic collapse on the scale of the Great Depression of the 1930s, said John Doody, founder of Gold Stock Analyst."We're going to get a replay, to some extent, of the 1930s episode where the U.S. put the Smoot-Hawley Tariff Act, imposed taxes on 20,000 imports, and basi...Read More

Look For Gold To Rally In September As USD Weakens - Natixis

July 05, 2018 / www.kitco.com

(Kitco News)- Gold prices are pushing modestly higher as the U.S. dollarlosses some momentum as it falls from its recent 12-month high, but one Frenchbank thinks investors have to wait until the fall to see a clear uptrend in theprecious metal.In a report Thursday, Bernard Dahdah said that they areexpecting to see material weakness in the U.S. dollar in September, whichshould support gold prices t...Read More

Brace For Global Economic Depression Should Trade War Escalate - John Doody

July 05, 2018 / www.kitco.com

(Kitco News)- An escalating trade war could spiral out of control andbring the world to the brink of an economic collapse on the scale of the GreatDepression of the 1930s, said John Doody, founder of Gold Stock Analyst.“We’re going to get a replay, to some extent, of the 1930sepisode where the U.S. put the Smoot-Hawley Tariff Act, imposed taxes on 20,000imports, and basically made what...Read More

Stocks End Near Day's Highs - TheStreet

July 06, 2018 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average  rose Thursday as the U.S. readies $34 billion of tariffs on China-made goods.U.S. automakers were higher after a report said Donald Trump could suspend his threat to slap a new 25% tariff on imports from the European Union.The private sector in the U.S. added 177,000 jobs in June...Read More

LORD COPPER: Valete

July 05, 2018 / www.metalbulletin.com

In his final column for Metal Bulletin, Lord Copper looks over the events that have shaped the metals industry during his tenure and considers and what might be in store over the coming years.ValeteWell, it's been a good run since December 2009 but now has come the parting of the ways. This is the last time Lord Copper will grace the pages - or, rather, the pixels - of Metal Bulletin. Looking back...Read More

LIVE FUTURES REPORT 05/07: Pressure mounts against LME base metals; nickel steady

July 05, 2018 / www.metalbulletin.com

Base metals on the London Metal Exchange were mixed at the close of trading on Thursday July 5, pressured by macroeconomic uncertainty amid continued sell-offs in copper, zinc and tin prices.While zinc prices continue to be hampered by a flurry of short-covering, the metal's three-month price avoided another drop below the nearby support level of $2,700 per tonne at the afternoon close. In ad...Read More

Uranium trader Yellow Cake debuts on AIM after raising £150mln in its IPO

July 05, 2018 / tinyurl.com

Uranium trader Yellow Cake PLC (LON:YCA) has made its debut on AIM this morning (Thursday July 5).Yellow Cake - a nickname for uranium - is backed by Bacchus Capital, the corporate finance boutique set up in 2016 by a group of senior bankers led by Peter Bacchus.The company reckons Uranium is structurally mis-priced and will make its money from stockpiling the radioactive metal, commodity streamin...Read More

Goldman Sachs Remains 'Overweight' On Commodities

July 05, 2018 / www.kitco.com

Editor's Note: Updating earlier story with more details from report. (Kitco News)- Goldman Sachs analysts are maintaining an “overweight”rating on commodities despite recent weakness in the complex.Commodities are still the top-performing asset class of2018, although they fell in June due to weaker emerging-market demand,trade-war worries and supply concerns in the oil market, Goldman...Read More

Silver Institute: 'Green Technologies' To Require More Silver

July 05, 2018 / www.kitco.com

(Kitco News)- So-called “greentechnologies,” meant to better protect the environment while meeting the demandsof consumers, should boost silver demand in the future, says a report from theSilver Institute.In particular, the reportcited an expectation for exponential growth of new-energy vehicles (NEVs) andcontinued investment in solar photovoltaic energy. The combined demand fromthese...Read More

PEOPLE MOVES: Ben Thomson joins Viant Commodities

July 05, 2018 / www.metalbulletin.com

Former Trafigura base metals trader Ben Thomson has joined Viant Commodities to look after the company's European business, Metal Bulletin has learned. Thomson joined the Singapore-headquartered trading company last month. He was the head of the base metals Singapore desk at Trafigura until January this year, having joined in 2013...Read More

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