Mr. Brett Heath reportsMETALLA REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF FISCAL 2018 Metalla Royalty and Streaming Ltd. has released its financial results for the third quarter of fiscal 2018. For complete details of the condensed interim consolidated financial statements and accompanying management's discussion and analysis for the nine months ended February 28, 2018, please see the Comp...Read More
Mr. Stephen Nano reports MIRASOL REPORTS START OF US$ 750,000 EXPLORATION PROGRAM AT THE ZEUS GOLD PROJECT WITH NEWCREST MININGMirasol Resources Ltd. and Newcrest Mining have initiated a $750,000 (U.S.) surface exploration program at the Zeus project to explore for a large high-sulphidation epithermal (HSE) gold deposit within the prospective Mio-Pliocene age belt of Northern Chile. Zeus comprises...Read More
(Kitco News) - Four major gold producers are betting that a new digitalgold market will bring millennials to the table and revitalize the marketplace.On Wednesday, new fintech startup Tradewind announcedthat it raised $10.6 million in a strategic placement. The investment was ledby Agnico Eagle (NYSE: AEM, TSX: AEM),IAMGOLD (TSX: IMG, NYSE: IAG) and Wheaton Precious Metals (NYSE: WPM, TSX:WPM). At...Read More
Mr. N. Eric Fier reportsSILVERCREST FILES MINERAL RESOURCE TECHNICAL REPORT ON THE LAS CHISPAS PROPERTYSilvercrest Metals Inc. filed today a technical report titled "Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico," dated April 23, 2018, with an effective date of Feb. 12, 2018, on SEDAR, and the report is also available on Silvercrest's website. The Las...Read More
(Kitco News)- Although gold equity companies continue to struggle to attract investorinterest, one of the market’s newest gold producers is expecting it’sonly a matter of time before sentiment will shift. In an interview with Kitco News, Ken Berry, CEO of Northern VertexMining Corp. (TSX.V: NEE), said that there has been no better time forinvestors to look at commodity m...Read More
Sanction panic in the aluminium market has calmed following the US Department of the Treasury's Office of Foreign Assets and Control's (OFAC) slight loosening of sanctions involving Rusal material. The OFAC said on April 23 companies now have until October 23, instead of June 5, to wind-down contracts with Rusal. The London Metal Exchange has followed the same guidelines, including the updated sta...Read More
Gold is back on the defensive yet remains within the widetrading band that has been in place all year so far, says LukmanOtunuga, research analyst atFXTM. “An aggressively appreciating dollar, expectations of higherU.S interest rates and easing geopolitical tensions are the most likelyculprits for the yellow metal’s depreciation,” the analyst says. “With thedollar expected...Read More
Mr. Bill Ostlund reportsPAN ORIENT ENERGY CORP.: NORMAL COURSE ISSUER BIDPan Orient Energy Corp. intends to continue the ability to purchase its common shares pursuant to the renewal of its normal course issuer bid through the TSX Venture Exchange.Under the terms of the bid, Pan Orient will be authorized to purchase, for cancellation, up to 4,514,494 of its common shares (10 per cent of the publi...Read More
Metal Bulletin will follow guidance provided by the US Office of Foreign Assets Control (OFAC) and the London Metal Exchange on the treatment of Rusal production when assessing its aluminium premiums.Transactions, bids and offers in the US, Japanese and European markets for Rusal's aluminium ingots and products produced after April 6 will be discarded and not taken into consideration when assessin...Read More
Mr. Stephen Nano reports MIRASOL REPORTS START OF US$ 750,000 EXPLORATION PROGRAM AT THE ZEUS GOLD PROJECT WITH NEWCREST MININGMirasol Resources Ltd. and Newcrest Mining have initiated a $750,000 (U.S.) surface exploration program at the Zeus project to explore for a large high-sulphidation epithermal (HSE) gold deposit within the prospective Mio-Pliocene age belt of Northern Chile. Zeus comprises...Read More
With all the panic in equitiesTuesday, the metals did not rally enough, indicating that they are headedlower. Goldlooks to be headed for $1,300 and silver $16.40, where they shouldfind some support.The metals markets look weak,especially when looking at the troubles equities are having. The action shouldhave created more upward momentum in the metals, but it did not. This suggeststhat the top end...Read More
Defendant found not guilty of scheming to manipulate marketsExpert defense witness raised doubts about trading patternsIf anything is more precious than gold, it might be an acquittal.A former UBS Group AG precious metals trader was found not guilty on Wednesday of scheming to manipulate futures markets through a practice known as spoofing.Andre Flotron, 54, was cleared by a federal jury in New Ha...Read More
Base metals on the London Metal Exchange were mixed at the close of trading on Wednesday April 25, with zinc falling 2.5% after a 30,075-tonne delivery into Antwerp rattled price sentiment.The metal recorded its widest intraday price move in a week, reaching a low of $3,129.50 per tonne. Positive backdrops continue to support a potential uptrend for zinc however, with Metal Bulletin's...Read More
I would have thought that after all of the fraudulent, illegal and unethical business activity for which Wells Fargo has endured, a situation placed in their lap by a concerned citizen would have received immediate attention. What's most appalling about the story below is the haughty indifference with which this potentially criminal complaint was treated by Wells Fargo employees. While Wells has r...Read More
Apr 24, 2018 Guest(s): Carley Garner Co-founder, DeCarley Trading Gold has missed several opportunities to rally this year and the path of least resistance is in the downward direction for now, this according to Carley Garner, president of DeCarley Trading. "[Gold] has had every excuse in the book to rally. We've had political turmoil, trade conflict, and gold just can't seem to get above $1,350...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
Despite its potential impact on nickel ore supply, the latest development in the Philippine mining industry is having lesser impact on Shanghai Futures Exchange nickel prices while market participants focus on demand-side issues. SHFE nickel prices have trended down since the most-traded SHFE July nickel contract hit a high of 109,790 yuan ($17,396) per tonne on April 18, the highest since May 201...Read More
CloseGain/LossGold $1323.10-$8.40Silver$16.56-$0.17XAU82.47-0.97%HUI180.83-0.85%GDM628.27-0.76%JSE Gold1095.11-17.72USD91.20+0.43Euro121.74-0.63Yen91.53-0.60Oil$68.05+$0.3510-Year3.026%+0.034T-Bond141.75-0.78125Dow24083.83+0.25%Nasdaq7003.74-0.05%S&P2639.40+0.18% The Metals: Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York, but it still ended...Read More
The global aluminium market is facing "increased market uncertainty" following the United States' import tariffs on the metal, sanctions on UC Rusal and the Brazilian authorities' order to halve production at Alunorte refinery, Norilsk Hydro said on Wednesday April 25. "The US sanctions on Rusal have caused great uncertainty in the world's aluminium markets and will impact trade flows and availabi...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher after closing lower for five straight sessions. Boeing rose 4% after reporting better-than-expected quarterly earnings.Twitter fell 1.9% even after posting earnings that beat analysts' estimates. Wall Street Overview Stocks fluctuated on Wednesday, April 25, following stronger-than-ex...Read More