Mr. Jeff Husseyof Osisko Metals reportsOSISKO METALS INTERSECTS 8.45 % ZINC+LEAD OVER 8.25 METRES AT PINE POINTOsisko Metals Inc. has released assay results from 27 shallow drill holes completed in the L27 deposit area. Drill hole EM-18-PP-017 intersected 7.05 per cent zinc and 1.40 per cent lead over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36, which was reported previ...Read More
(Kitco News)- With gold stuck in a rut, now might be the time to take some moneyoff the table on profitable positions in mining companies, according to CNBCand TheStreet.com’s Jim Cramer.Monday, during Mad Money’s lighting round, Cramer gave his take onKirkland Lake Gold (NYSE: KL, TSX: KL). He recommended to the caller to takesome profits.“I just don’t see gold going anywh...Read More
Mr. Joe Campbell reportsTERRAX EXTENDS CRESTAURUM ZONE TO 300 METERS VERTICAL DEPTH, DOUBLING SIZE OF KNOWN MINERALIZED STRUCTURETerrax Minerals Inc. has released assay results from the remaining 11 holes drilled at the Yellowknife City gold project this winter.Four of these holes (1,170 metres) were drilled on the high-grade Crestaurum gold-bearing structure to test whether gold mineralization co...Read More
Mr. Jeff Husseyof Osisko Metals reportsOSISKO METALS INTERSECTS 8.45 % ZINC+LEAD OVER 8.25 METRES AT PINE POINTOsisko Metals Inc. has released assay results from 27 shallow drill holes completed in the L27 deposit area. Drill hole EM-18-PP-017 intersected 7.05 per cent zinc and 1.40 per cent lead over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36, which was reported previ...Read More
(Kitco News) - Gold’s price rally has been a product of demand-side economics, and there is still a considerable amount of interest in gold that is not fully tapped, according to Tom Brady, chief economist at Newmont Mining.“The trend that we’ve seen over the last couple of years has continued, this was very much an investor-driven market since 2016,” Brady told Kitco News...Read More
Once again, a strong U.S. dollar has curtailed any sustained upside move in gold. Today, for example, traders bid up spot gold by $5.20. However, dollar strength took away $4.60 of that move. This resulted in gold pricing gaining only $0.60 in the physical market, according to the Kitco Gold Index (KGX).Gold prices did, in fact, firm in trading today after President Trump said that he is canceling...Read More
Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it's due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No one can know for certain but Gold's...Read More
(Kitco News) - This year is all about market uncertainty, which will drive risk-off investments and greatly benefit gold, GFMS metals research analysts at Thomson Reuters said in the 2018 Gold Survey.Gold prices will average $1,360 an ounce in 2018, with the potential to hit up to $1,500 an ounce on geopolitical risks, Cameron Alexander, director of metals demand at Thomson Reuters’ GFMS, to...Read More
(Kitco News)- Gold prices briefly rallied to session highs as PresidentDonald Trump officially pulled U.S. support from the international nuclearagreement with Iran; however, analysts say that more needs to happen for goldto see sustainable gains.According to some market observers, Trump’s comment on theagreement, formally known as the Joint Comprehensive Plan of Action,was not a surprise as...Read More
(Kitco News) - Gold prices saw a modest rally in early-afternoon U.S. trading Tuesday, as U.S. President Donald Trump announced the U.S. is pulling out of the 2015 agreement with Iran regarding that nation halting its nuclear weapons program. However, prices have pulled back a bit from session highs scored just after Trump started his speech. Still, gold prices are modestly above where they were j...Read More
By combining flexible nuclear power plant operation with the use of variable renewable energy sources, Europe will be able to ensure security of energy supply while reducing its greenhouse gas emissions, according to the European nuclear trade body Foratom. However, it calls for an EU energy policy that creates the right market and regulatory conditions for this to happen.Brussels-based Foratom no...Read More
Weekly Reports |May 08 2018Demand picked up in the spot uranium market last week but every time the sellers back off the buyers lose interest once more.-Uranium market activity reasonable in April-Spot price rises in May-Australian sales to India getting closerBy Greg PeelActivity in the uranium market in the month of April did not match that of March but was brisk nonetheless, as fuel loading beg...Read More
Steve HollandWASHINGTON (Reuters) - President Donald Trump said on Tuesday he was reimposing economic sanctions on Iran and pulling the United States out of an international agreement aimed at stopping Tehran from obtaining a nuclear bomb.The decision is likely to raise the risk of conflict in the Middle East, upset America’s European allies and disrupt global oil supplies.“I am announ...Read More
Base metals on the London Metal Exchange ended mostly lower at the close of trading on Tuesday May 8, with aluminium and zinc bucking the trend. Tin's three-month price was the most significant downward move in the complex, falling 1.5% and reaching a low of $20,865 per tonne during the afternoon.The drop comes after prices remained firmly above $21,000 per tonne throughout April, largely due to c...Read More
(Kitco News)- Warren Buffet, CEO ofBerkshire Hathaway, is known for his pernicious views on gold but his latestbout of negativity misses the point of yellow metal’s true investment value,according to some analysts.The Oracle of Omahamade some ripples through the gold market over the weekend as he compared theprecious metal to the S&P 500. During his presentation Saturday at theBerkshire...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMay 8, 2018Pleaseclick here now. Double-click to enlarge this daily gold chart. Gold has traded in a drifting rectangle pattern for most of this year.Pleaseclick here now. Double-click to enlarge this important weekly gold chart. The rectangle pattern on the daily chart is part of a huge...Read More
An upcoming European Union/New Zealand free trade agreement (FTA) will benefit the metals industry, New Zealand and European experts have told Metal Bulletin, after a preparatory customs agreement between the partners came into force on May 1. Notably, Europe will gain more access to New Zealand's quality low emission-produced metals as well as metal components, Nick Collins, chief executive of in...Read More
Ann Saphir, Howard SchneiderPALO ALTO, Calif./AMELIA ISLAND, Fla. (Reuters) - The Federal Reserve is entering new terrain in its post-crisis planning: how to describe the conditions under which it would try to slow the economy and to do so without alarming financial markets.The Fed’s gradual interest-rate hikes are bringing it ever closer to a shift to a neutral stance from “accommodat...Read More
Base metals on the London Metal Exchange were mostly lower during morning trading on Tuesday May 8, with broad consolidation in effect across the complex. Aluminium's three-month price continues to trade firmly above $2,300 per tonne, reaching a high of $2,372 per tonne over the morning. Despite the light metal's recent activity typified by spates of volatility and alternating spreads, prices are...Read More
WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo said on Tuesday he had not received a commitment from Pyongyang that three American prisoners would be released when he visits North Korea.President Donald Trump said earlier that Pompeo was on his way to North Korea in a surprise visit.Speaking to U.S. reporters en route to Pyongyang, Pompeo said he would raise the issue of the three impr...Read More