After a gravity-defying run, nickel has now also succumbed to weakness in the industrial metals complex as global trade fears mount, declining to $14,125 per tonne on Monday.The metal, mainly used in stainless steel manufacture, is down 10% or more than $1,600 a tonne from more than three-year highs hit on the LME a month ago.Nickel is still up by 62% compared to its June 2017 lows, mostly on the...Read More

For centuries, man has been trying to create ways to hide among the waves of the sea. The ocean is a dark, foreboding place that's mystified man for centuries. We've spent time immemorial above the waves, fishing and boating with little knowledge of what lies below...But the desire for that knowledge, and the more practical reason of recovering treasure and salvaging valuables from sunken ships,...Read More

Publisher's Note: We're fortunate enough to have access to the legendary Mr. James Dines and his renowned research. What follows are his "Cautious Considerations" from the most recent issue of The Dines Letter. Happy Fourth of July!-NickWho goeth a borrowing Goeth a sorrowing. Few lend but fools Their working tools. Thomas Tusser, The Farmer's Daily DietThat the future is unknowable is...Read More

(Kitco News) - After nearing one-year lows in June, gold is looking to get its groove back and head upwards during the rest of the summer months, according to TD Securities, which cites the lack of fuel in trade war rhetoric and a weaker U.S. dollar as supporting factors for the metal.“The yellow metal is projected to move past $1,270/oz during the summer months. Indeed, we would not be surp...Read More

Gold futures gained $2.60 in trading today and is currently fixed at $1,258.40. Gold traded to the highest level in the last eight days when, on an intraday basis, it traded to $1,266.90.Although the dollar finished in positive territory, it was dollar weakness that was the underlying factor taking gold prices to their intraday high. As in previous weeks, gold pricing continues to be most influenc...Read More

Metals and minerals prices have come a long way since hitting multi-year lows late-2015, early 2016.Copper is up by nearly half, recent weakness notwithstanding. Zinc's nearly doubled since then and nickel bulls (suddenly aplenty) have achieved the same for devil's copper, the only major metal in positive territory for 2018.Gold has gained 20% from lows hit mid-December 2015; technically a bull...Read More

(Kitco News)- Gold and silver prices are modestly higher in early-afternoon U.S. trading Monday.Mild support comes from some bargain hunting in the cash market and shortcovering in the futures market, following recent losses that drove the twoprecious metals prices to multi-month lows last week. The metals were well downfrom their daily highs as the U.S. dollar index recovered early losses to trad...Read More

(Kitco News)- Geopolitical uncertainty iscausing gold prices to spike in the United Kingdom as investors react to twohigh-profile resignations Monday.Spot gold, priced in Britishpounds, has spiked higher and is holding on to gains as uncertainty ripplesthrough the country following the resignation of Brexit Minister David Davisand British Foreign Minister Boris Johnson. Spot gold against the pound...Read More

Homeowners now have a collective $5.8 trillion in tappable equity, the highest volume ever recorded.The average homeowner with a mortgage gained $14,700 in tappable equity over the past year and has $113,900 available to draw.Consumer confidence in the housing market, which has been quite bullish, is actually dropping now.Diana Olick| @DianaOlick Published 9 Hours AgoUpdated6 Hours AgoCNBC.com sho...Read More

After spooking investors in January with worrisome production results, Pretium Resources (TSX:PVG) said it produced 111,340 oz of gold in the second quarter sending the stock 13 per cent higher to $11.99 a share.The company said it had a 14.9 grams per tonne gold mill feed grade and a 97.7% gold recovery rate."With more than 187,000 ounces produced in the first half of 2018, we have delivered on o...Read More

(Kitco News)- Expectedexponential demand for electric vehicles (EV) is breathing new life into awell-established polymetallic project in Canada’s Yukon Territory.Nickel CreekPlatinum (TSX: NCP), formerly known as Wellgreen Platinum is well positioned to takeadvantage of growing need for battery-grade nickel sulfide, according to thecompany executives.It has beennearly two years since new man...Read More

Tiger Resources will not be selling its Democratic Republic of the Congo mining and exploration assets to Sinomine HK for $260M.Tiger Resources said on Friday that terms acceptable to the company were not acheived and it issued a notice of termination to Sinomine HK.The assets comprised of the Kipoi Project, Lupoto Project and La Patience permit. Announcing the sale in January, Tiger said it was f...Read More

Mr. Nav Dhaliwal of Bonterra reports BONTERRA SIGNS DEFINITIVE AGREEMENT WITH BEAUFIELD RESOURCES INC.Further to its news release of May 23, 2018, Bonterra Resources Inc. has now completed and entered into an option agreement with Beaufield Resources Inc., whereby Beaufield has granted the company an option to acquire a 70-per-cent interest in 81 strategic mineral claims totalling 3,590 hectares,...Read More

INTL FCStone looks for goldprices to perform better in July than they did during a “miserable” month forthe metal in June. Analysts expressed surprise that gold fell last month,considering the dollar index “flatlined,” Treasury yields fell, inflationpicked up in the U.S. and Europe and equity markets were wobbly. They chalkedup gold’s declines to the general rout in c...Read More

Written with material from Denham Capital news releaseDenham Capital, a resources and energy-focused global private equity firm, closed its first stand-alone mining fund, the Denham Mining Fund, at $558 million to expand its portfolio in Australia, Canada, South America and Africa.Denham Capital says it will continue its strategy of partnering with management teams with proven track records to ac...Read More

As we wrote on Friday, gold hadat least another $20 to rally before it would find resistance. Gold is now up$15 from Friday's low and should start to run into some resistance. The $1,275level should act as the first stopping point for this current rally. The rally -- whether it's real orjust a dead-cat bounce from oversold conditions --should see some sellers comein between $1,275 and $1,280. Tha...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average  rose Monday for a third-straight session. Leading the Dow higher on Monday were Caterpillar Inc. (CAT) , JPMorgan Chase & Co. (JPM)  , Goldman Sachs Group Inc. (GS) and Walmart Inc. (WMT) .Groupon Inc. (GRPN) rose 10% after a report said it was looking for a buyer. Wall Street Ov...Read More

(Kitco News)- Barrick Gold Corp. (NYSE: ABX, TSX: ABX) has entered into an “enhanced strategic cooperation agreement” to shareinformation with China’s Shandong Gold Group Co., Ltd. and possibly undertakenew projects or acquisitions together, Barrick said Monday.Thedocument builds on an April 2017 deal in which Shandong acquired 50% ofBarrick’s Veladero mine in Argentina for...Read More

CoeurMining, Inc.(NYSE: CDE) has upped full-year productionguidance. The company lists second-quarter production of 3.2 million ounces ofsilver and 94,052 ounces of gold, or 8.8 million silver-equivalent ounces.Output was higher than in the year-ago period at most Coeur mines. The companysays it hiked full-year production guidance to a range of 37.3 million to 40.5million silver-equivalent ounces,...Read More

LONDON (Reuters) - Sterling slid on Monday after the resignation of the British foreign minister heaped pressure on Prime Minister Theresa May, but its losses were expected to be contained unless a full-blown leadership challenge materialized.Boris Johnson followed Brexit minister David Davis in resigning in opposition to May's hard-fought blueprint for how Britain is to structure its relationship...Read More