Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. 2017 YEAR END FINANCIAL AND OPERATING RESULTSPan Orient Energy Corp. has released its fiscal 2017 and fourth quarter consolidated financial and operating results.The company is filing its audited consolidated financial statements as at and for the year ended Dec. 31, 2017, and related management's discussion and analysis with Canadian securities reg...Read More
When Iopened my inbox on Monday, I was happy to see the news of three miner take-overdeals which could possibly be the beginning of more to come in this undervaluedsector. It is no secret to sector professionals in the mining space that gold production has peaked and global miners have beenhigh-grading, while running out of economic ore to produce. There is a dearthof quality pipeline projects at...Read More
Both houses of the US Congress have approved an omnibus appropriations bill including USD1.2 billion for nuclear energy. The bill will see the suspension of sales by the Department of Energy (DOE) of surplus uranium to pay for decommissioning work at the former Portsmouth uranium enrichment plant.Senators today approved the Consolidated Appropriations Act 2018, which appropriates some $1.3 trillio...Read More
It's been one crazy week, with tariffs,trade wars and equity markets breaking down. Gold and silver put their lows infor the week on Tuesday just as the Fed meeting started. They have both ralliedhard since, driven higher by the Fed, fear and trade wars.With gold and silver on majorsupport, the rally was no surprise. Both are still in big consolidation rangesand although the rallies are nice, they...Read More
Kyushu Electric Power Company today began the process of restarting operation of unit 3 at its Genkai nuclear power plant in Japan's Saga prefecture. The reactor is scheduled to resume commercial operation next month.The four-unit Genkai plant (Image: Kyushu)The utility said the process of extracting the control rods from the 1180 MWe pressurised water reactor (PWR) was restarted at 11.00am today....Read More
Base metals prices on the London Metal Exchange closed the week in negative territory on Friday March 23, with zinc the only metal to increase by the close. Nickel prices were the worst affected, losing $240 per tonne at the close - despite a 10,278 tonne cancellation in Johor.Yesterday, President Donald Trump signed off on import tariffs for Chinese products - this triggered further worries of a...Read More
It was all going so well for the London Metal Exchange metals at the turn of the year: Robust late-2017 price strength was initially carried through into January, with a commensurate increase in turnovers, and the words "bull market" were on many people's lips. But, as winter turns into spring and temperatures mostly rise, the heat has gone out of the market, and much of that bullish ardor has coo...Read More
The number of lead-acid battery recyclers in China is expected to triple by the end of this year due to the Chinese government's recycling friendly policies, China Nonferrous Metals Industry Association's (CMRA) recycling metal branch said on Friday March 23.As of July 2017, the country approved 116 certified companies to recycle lead-acid batteries with a total recycling capacity of about 2.7 mil...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
(Kitco News) - Gold aresolidly higher and hit a four-week high in early U.S. trading Friday, onsafe-haven demand amid concerns the world’s two largest economies are squaringoff in a trade war. April Comex gold futures were last up $19.20 an ounce at$1,346.60. May Comex silver was last up $0.213 at $16.605 an ounce.Buystop orders in the gold and silver futures markets were triggered shortly...Read More
Here Are 4 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and S&P 500 are now down for the year.The Dow remains more than 10% below its record high from Jan. 26.U.S. stocks posted their third weekly drop in four weeks. For the week the Dow declined 5.67%, the S&P 500 dropped 5.95% and the Nasdaq fell 6.54%.Shares of Facebook Inc. fell for a fifth straight day,...Read More
A close above $1,340 an ounce on Fridaycould mean technical-chart strength that carries gold to the $1,355 area, says Lukman Otunuga, research analyst atFXTM. As of 7:54 a.m. EDT, spot metal was $13.15 higher at $1,341.75 an ounce.“Gold bulls were back inaction on Friday, with prices venturing towards $1,340 thanks to a vulnerabledollar and a sell-off in global equity markets,” Otunuga...Read More
Adam HamiltonArchivesMar 23, 2018 The junior gold miners' stocks have spent much of the past year grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling taxphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn't mislead them. The...Read More
Lupaka Gold (LPK.V) has now completed a systematic underground sampling program on the 3400 level at its Invicta polymetallic project. The company has identified (and confirmed) high-grade footwall mineralization (9.86 g/t AuEq) over a length of 130 meters and an average width of 6.1 Meters. This is a very positive development as the average grades encountered in the sampling program are similar t...Read More
LONDON (Reuters) - Investors have long toasted the U.S. stock market boom that emerged from the depths of the 2008 financial crisis, but one of the bull market’s most vocal and visible cheerleaders has abruptly fallen silent: the U.S. President.Since his inauguration in January last year, Donald Trump has regularly taken to Twitter to proclaim the gains in U.S. stocks, often appearing to tak...Read More
CloseGain/LossOn WeekGold $1345.70+$17.40+2.44%Silver$16.53+$0.14+1.22%XAU81.50+2.66%+3.56%HUI176.86+3.01%+3.33%GDM616.94+2.55%+3.08%JSE Gold1131.26+41.30+7.65%USD89.45-0.33-0.84%Euro123.56+0.45+0.56%Yen95.70+0.61+1.46%Oil$65.88+$1.58+5.68%10-Year2.812%-0.009-1.16%Bond145.00+0.25-0.32%Dow23533.20-1.77%-5.67%Nasdaq6992.67-2.43%-6.54%S&P2588.26-2.10%-5.95% The Metals: Gold climbed $21.90 to...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort223,88275,151102,004173,307340,577499,193517,732Change from Prior Reporting Period -10,5498,66819,29111,703-9,83720,44518,122Traders17890965160278205 Small Speculators LongShortOpen Interest 46,30627,767545,499 -1,70861518,737 non reportable positionsChange from the previous repo...Read More
(Reuters) - Wall Street on Friday struggled to shake off fears of a global trade war after the United States moved to slap tariffs on China and as technology stocks took another hit with Micron’s results weighing on chipmakers, though oil prices gave some succor.The Dow Jones Industrial Average and the benchmark S&P 500 indexes swung between gains and losses in a choppy session, but the...Read More
- Market turmoil as trade war concerns deepen and Trump appoints war hawk Bolton- Oil, gold and silver jump as 'Russia China Hawk' Bolton appointed- Oil up 4%, gold up 2.2% and silver up 1.6% this week (see table)- Stocks down sharply - Nikkei down 4.5%, S&P 4.3% & Nasdaq 5.5%- Bolton scares jittery markets already shell-shocked by US' tariffs against China- Currency wars and trade wars tend to...Read More
One of Novo Resources (CN:NVO) most recent recruits, senior exploration manager Kas De Luca, has been tasked with figuring out exactly how much gold the company is sitting on in the Pilbara, and she is tackling that challenge with the help of science. Kristie Batten Novo now has a team of eight looking over the unusual system in the PilbaraNovo Resources23 MARCH 201823/03/2018commentsshare De Luca...Read More