Jan 10, 2018 Guest(s): Peter Hug Director, Global Trading, Kitco Metals Gold prices hit a three-and a half month high this Wednesday amid a sharp sell-off in world government bond markets. Peter Hug, Global Trading Director of Kitco Metals, has been constructive on gold over the $1,300 level, but wants to see the yellow metal move higher before he becomes bullish on the momentum. "I'd like to se...Read More
Klondike Gold Corp. has been halted at 6:25 a.m. PT on Jan. 10, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
(Kitco News) - Gold and silver investments should not be missed out on amid the recent crypto craze, said ABC Bullion’s global general manager, pointing out that risks associated with digital currencies are often overlooked.Crypto’s “huge returns of late” might not be able to protect traders against much bigger problems that exist within the cryptocurrencies space, Nicholas...Read More
Recent price action in gold suggests that the precious yellow metal might be forming a base at just above $1300 per ounce. The most recent rally, which began in mid-December, took pricing from $1238 to $1327 before finding resistance. Since Friday of last week, gold has been trading in a narrow and defined range with intraday lows coming in above $1305 and intraday highs falling below $1324.When f...Read More
Gold prices were solidly higher on Wednesday as the metal hit a 3-1/2 month high, remaining above the key support level of $1,300 an ounce. Since the U.S. Federal Reserve Rate hike in December, the metal has managed to rally close to 6%. But Peter Hug, global trading director for Kitco Metals, is waiting for the road to fully clear. "I am not a complete bull on this market yet. I would like to se...Read More
Mr. Paul Huet reports KLONDEX ANNOUNCES A REDUCTION IN UNDERGROUND OPERATIONS AND WORKFORCE AT TRUE NORTH AND EXECUTIVE MANAGEMENT CHANGE Klondex Mines Ltd. has made a change in operations in Canada, which includes the immediate reduction of underground mining operations and work force at its True North mine in Manitoba, Canada.Following an extensive review of recent operational performance at Tru...Read More
Mr. Matthew Hornor reportsMAPLE GOLD FINALIZES DRILLING PLANS AND PREPARES TO COMMENCE WINTER DRILLING CAMPAIGNMaple Gold Mines Ltd. has provided an update on exploration activities and the upcoming winter drilling campaign. The company'seight geologists have now relogged over 18,000 metres from selected higher-grade sections throughout the resource areas, and are preparing for the 25,000-to-30,00...Read More
Editor's Note:View Kitco News' full 2018 outlook coverage(Kitco News)- Known as a fan favorite, the Expert Series brings togetherwell-known investors and Kitco regulars to find out where they will be puttingtheir money in 2018.Addinga twist this year's feature, we have asked popular mining sectoranalysts for their thoughts on the mining sector and what companies they likein the new year.This time,...Read More
(Kitco News)- The world’s most famous investor doubled down on hisnegative view of bitcoin and cryptocurrencies Wednesday.In an interview with CNBC, Warren Buffett, from Omaha,Neb., said that he will have nothing to do with cryptocurrencies. In a harshrebuke of the asset class, Buffett said, “I can say almost with certainty thatthey will come to a bad ending.”He explained that he...Read More
Mr. Christian Milau reportsEQUINOX GOLD CONTINUES TO INTERSECT SIGNIFICANT GOLD MINERALIZATION AT PIABA WESTEquinox Gold Corp. has released positive results from an additional 24 shallow stepout and infill drill holes totalling 4,200 metres that were drilled below the shallow, westernmost Piaba reserve pit and west along strike from existing reserves at the company's 100-per-cent-owned Aurizona go...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
Most people have heard of the DRC, but might not know exactly where to find it on the map of Africa, even if the DRC is the second-largest country on the continent at 2 344 858km ?. Algeria is the largest country in Africa, covering close to 2 381 741km ? of North Africa. In stark contrast to Algeria, of which almost 90% is desert, the DRC straddles the equator, and more than 60% of its surfac...Read More
The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets.The strength of the rebound pushed the miners well beyond their 200-day moving av...Read More
Klondike Gold Corp. has been halted at 6:25 a.m. PT on Jan. 10, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
Cooperation on nuclear power technology is to be expanded between China General Nuclear (CGN) and the French Alternative Energies and Atomic Energy Commission (CEA) under an agreement signed yesterday in Beijing. New Areva and China National Nuclear Corporation (CNNC) have also agreed to work towards signing a contract for the construction of a used fuel processing and recycling facility in China....Read More
(Kitco News)- Correlations breakdowns between gold and critical financialmarkets could be a troubling signal for the yellow metal, which has seen astrong start to the new year, according to one trading firm.In a research note published on Seeking Alpha Tuesday,analysts at ANG Traders said that they had noticed a breakdown in gold’scorrelation to inflation expectations, and its negative relat...Read More
VANCOUVER, BC--(Marketwired - January 10, 2018) - Anfield Energy, Inc. (TSX VENTURE: AEC) (OTCQB: ANLDF) (FRANKFURT: 0AD) ("Anfield" or "the Company") following the name change and share consolidation, is pleased to provide this review and corporate update of its very active and constructive 2017. Anfield continues to position itself to become a top-tier U.S.-based uranium producer to take advant...Read More
(Kitco News) - Gold prices ended the U.S. session higher and hit a nearly four-month highWednesday. Safe-haven demand for the yellow metal was featured amid a rise inworld government bond yields that troubled the marketplace. A lower U.S. dollar index on this day also provided support to the precious metals. February Comex gold was last up $5.60 an ounce at $1,319.40. March Comex silver was last u...Read More
TORONTO, ONTARIO--(Marketwired - Jan. 9, 2018) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at December 31, 2017 was CAD$506.0 million or CAD$3.82 per share. As at December 31, 2017, UPC's uranium investment portfolio consisted of the following:(in thousands of Canadian dollars, except quantity amounts)QuantityFair ValueInvestments in Uranium: Uraniu...Read More
Nickel continued to rally on the London Metal Exchange during afternoon trading on Wednesday January 10, closing in positive territory alongside the rest of the metals.The three-month nickel price closed up 1.8% on Tuesday's close, having hit an intraday high of $13,200 per tonne earlier, thanks to a tighter market and robust demand from the stainless steel sector."We have a constructive view over...Read More