The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving averages and at the lower end of their...Read More
Mr. Joseph Campbell reportsTERRAX STAKES 337.5 SQUARE KILOMETERS OF CONTIGUOUS GROUND IN THE HIGHLY PROSPECTIVE YELLOWKNIFE GOLD DISTRICTTerrax Minerals Inc. has expanded its land position at its wholly owned Yellowknife City gold (YCG) project through the staking of an additional 337.5 square kilometres immediately to the north of its current properties. These additional 47 claims were staked bas...Read More
Mr. David Wolfin reportsCORAL GOLD PROVIDES OUTLOOK FOR 2018, INCLUDING BARRICK'S PLANS FOR ROBERTSON EXPLORATION Coral Gold Resources Ltd. has concluded a watershed year, highlighted by the sale of the company's Robertson property to Barrick in June, 2017. The agreement included a cash payment to Coral of $15.75-million (U.S.) (approximately $21.2-million(Canadian) based on the exchange rate at t...Read More
Mar 07, 2018 Guest(s): Randy Smallwood Wheaton Precious Metals remains focused on accretive acquisitions for the coming year, and the main criteria they have in selecting potential targets is the quality of the assets, said Randy Smallwood, CEO of Wheaton Precious Metals."That's really what we have to focus on, is how good are the assets themselves. Does it have good margins? Because not only w...Read More
The continuation of yesterday’s strong upside move in gold was short-lived with today’s price decline erasing much of Tuesday’s $17 gain.Gold is trading under strong pressure today in reaction to the robust ADP jobs report and the release of the Federal Reserve’s Beige Book. As of 5:00 PM Eastern standard time, gold futures are currently down -$8.90 at $1326.30.Gold had bee...Read More
Mr. Joseph Campbell reportsTERRAX STAKES 337.5 SQUARE KILOMETERS OF CONTIGUOUS GROUND IN THE HIGHLY PROSPECTIVE YELLOWKNIFE GOLD DISTRICTTerrax Minerals Inc. has expanded its land position at its wholly owned Yellowknife City gold (YCG) project through the staking of an additional 337.5 square kilometres immediately to the north of its current properties. These additional 47 claims were staked bas...Read More
Mr. David Wolfin reportsCORAL GOLD PROVIDES OUTLOOK FOR 2018, INCLUDING BARRICK'S PLANS FOR ROBERTSON EXPLORATION Coral Gold Resources Ltd. has concluded a watershed year, highlighted by the sale of the company's Robertson property to Barrick in June, 2017. The agreement included a cash payment to Coral of $15.75-million (U.S.) (approximately $21.2-million(Canadian) based on the exchange rate at t...Read More
Mar 07, 2018 Guest(s): Rob McEwen We are entering the early stages of a commodities cyclical bull market that could last another 10-12 years, said Rob McEwen, Chairman of McEwen Mining."This is an oversold sector, it's very depressed, and we're coming into t a cyclical upturn in commodities," McEwen told Kitco News on the sidelines of the PDAC 2018.McEwen noted that while some of the major mine...Read More
Steve HollandWASHINGTON (Reuters) - The White House on Wednesday raised the possibility that impending hefty U.S. tariffs on steel and aluminum imports could exclude a clutch of countries other than Canada and Mexico as President Donald Trump planned to authorize the measures on Thursday.Trump is expected to sign a presidential proclamation establishing the tariffs during a ceremony scheduled for...Read More
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving averages and at the lower end of their...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
China will "steadily promote" the development of nuclear power this year, according to a plan released today by the country's National Energy Administration (NEA). The plan calls for five new nuclear power reactors to be brought online in 2018 and construction to be started on a further six to eight units.In its Energy Work Guidance Opinion for 2018, the NEA said China's installed nuclear generati...Read More
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday that many online trading platforms for cryptocurrencies should be registered with the regulator and subject to additional rules, in a further sign regulators are cracking down on the digital currency sector.In a statement, the SEC said these “potentially unlawful” platforms may be giving investors an u...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
Affiliates of Entergy Corporation and NorthStar Group Services Inc have signed agreements with State of Vermont agencies and other parties on terms for the sale approval of the shut-down Vermont Yankee nuclear power plant to NorthStar. The sale will enable the accelerated decommissioning of the single-unit boiling water reactor plant.Vermont Yankee (Image: Entergy)Entergy's affiliates and NorthSta...Read More
(Kitco News)- Mininginvestors might want to pay more attention to Canadian projects as the countryis expected to have strong production growth in a world that is seeing adecline in the quality of gold deposits, according to one search firm.Canada's largest gold mine, Malartic Mine, Quebec, CanadaIna presentation during the 2018 Prospectors & Developers Association ofCanada (PDAC) convention, V...Read More
(Kitco News)- One mining analyst said that hethinks the threat of a global trade war is overblown and investors shouldinstead look at all the good President Donald Trump has done for the mining sector,particularly for companies focused in the U.S.Mickey Fulp, creator of theMercenary Geologist newsletter, said in an interview with Kitco News on thesidelines of the 2018 Prospectors & Developers...Read More
The restriction on imports of some copper scrap products to China has already caused the industry to make some process changes but many questions are still unanswered, a panel of scrap experts said at the Metal Bulletin Copper conference.The number of licenses granted by the Chinese government for copper scrap imports dropped by 94% year on year to account for 136,685 tonnes in the first two...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Base metals prices on the London Metal Exchange slumped by the 5pm close on Wednesday March 7, with uncertainty stemming from the latest developments over the US' Section 232 probe leading to a sell-off.Aluminium was the most traded metal of the complex today, with more than 20,000 lots changing hands by the close. Its price fell 1.6% - it concluded below support at $2,100 per tonne.The cash/three...Read More