CloseGain/LossGold $1322.10-$3.10Silver$16.48UNCHXAU78.97+0.23%HUI173.54+0.07%GDM605.40-0.08%JSE Gold1120.34-17.90USD90.13+0.55Euro123.15-0.98Yen94.15-0.20Oil$60.12-$1.0510-Year2.860%-0.022T-Bond144.6875+0.5625Dow24895.21+0.38%Nasdaq7427.95+0.42%S&P2738.97+0.45% The Metals: Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the close, but it still...Read More
Turkish steel producers spent Thursday March 8 without making any deep-sea scrap transactions, but they are still expected to book more cargoes for April, according to market sources.The mills have booked a number of deep-sea cargoes this week, leading to an increase in the prices."Today, the scrap market was quiet, but Turkish mills need more...Read More
(Kitco News) - The World’s famous mining gathering in Toronto revealed a clear reversal in the industry, as participants filled the convention halls with cheerful outlooks, renewed interest, and hope.The Prospectors and Developers Association of Canada (PDAC) was attended by over 25,000 people this year, beating last year’s total of 24,000.“This year’s convention was full o...Read More
Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was here the other day. As usual he fixed the problem right away and charged us less than expected. We love this guy.While he was working I asked him how business was going. He claimed to be swamped to the point of turning away jobs. I asked why he doesn't...Read More
VANCOUVER, BRITISH COLUMBIA / March 8, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce it has executed a Letter of Intent (the "LOI") with Orion Laboratories, LLC ("Orion") of Oak Ridge, Tennessee, and Light Metals International Inc. ("LMI") of Vancouver, British Columbia, to jointly develop and commercialize a new process for extractin...Read More
COLORADO SPRINGS, Colo., March 08, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced as of December 31, 2017, it increased proven and probable reserve tonnes by 32%, extending its Oaxaca Mining Unit's mine-life. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA....Read More
Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was hereContinue...Read More
Iron ore prices tumbled to $73 per tonne cfr China on Thursday March 8 amid a weakening Chinese steel market.Metal Bulletin's 62% Fe Iron Ore Index Today: $73.23 per tonne cfr QingdaoDaily change: down by $2.61 per tonneMonth-to-date average: $76.65 per tonneMetal Bulletin's 58% Fe Premium Index Today: $59.28 per tonne cfr QingdaoDaily change: down by $1.05 per tonneMonth-to-date average: $60.78 p...Read More
The financial media is awash with claims that Gary Cohn's resignation as Chief Economic Advisor is triggering a market collapse.While it's true that a market collapse is starting again, it has nothing to do with Gary Cohn.How do I know?Because Gary Cohn first wrote a resignation letter back in August 2017 in the wake of the Charlottesville mess... and stocks exploded higher beginning one 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
COLORADO SPRINGS, Colo., March 08, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company" or "GRC") today announced a seventh consecutive year of profitability, reporting net income of $4.2 million or $0.07 per share. Included in the financial results is a $7.3 million, or $0.13 per share, non-cash income tax expense related to the recently enacted Tax Cuts and Jo...Read More
Cranbrook, B.C., March 8th, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") has received an Interim Order from the Court of Queens Bench of Alberta and is mailing out a Notice of Special Meeting and Information Circular related to the proposed spin-out of Taiga Gold Corp. ("Taiga"). The Special Meeting date has been set for April 6th, 2018. As announced previously, Eagle Plains plans to reorgan...Read More
The drop in the market yesterday was widely attributed to Gary Cohn resigning from the Trump Administration over his tariff policy. That must be a Continue...Read More
Sound Money Bill Heads to Governor Matt Mead's DeskFollowing a 44-14 vote in the Wyoming House last week, the Wyoming State Senate today overwhelmingly approved a bill which helps restore constitutional, sound money in Wyoming.Wyoming Senators voted 25-5 to pass the Wyoming Legal Tender Act (House Bill 103), sending the measure introduced by Representative Roy Edwards (R-Gillette) to Governor Matt...Read More
3 Hot Things Happening in the Markets Right Now It took just over a decade, but the S&P Financials sector has almost erased the massive losses inflicted by the Great Recession, notes Yardeni Research. The sector's stock price index is just 5.8% off its peak 11 years ago on February 7, 2007.Cigna (CI) will buy Express Scripts (ESRX) in a monster $67 billion deal. The question now: who will Am...Read More
Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was here the other day. As usual he fixed the problem right away and charged us less than expected. We love this guy.While he was working I asked him how business was going. He claimed to be swamped to the point of turning away jobs. I asked why he doesn...Read More
COLORADO SPRINGS, CO, March 08, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its 2017 fourth quarter and year-end earnings conference call scheduled for Friday, March 9, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company...Read More
This deal may be a forerunner for how the Defense Department will purchase certain technologies in the future.Continue...Read More