Mr. Walter Coles reportsSKEENA INTERSECTS 14.57 G/T AUEQ OVER 31.50 METRES AT ESKAY CREEKSkeena Resources Ltd. has released additional gold-silver drill results for seven holes from the recently completed phase 1 surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase 1 program was performed in the historically drill-defined 21...Read More
(Kitco News)- Weaker-than-expected U.S. manufacturing sector data is keeping a bid under gold prices, which hit session highs following the numbers.Thursday, the U.S. Census Bureau said that new durable goods orders fell by $11.5 billion or 4.4% to $248.5 billion, in October, down from up from September's increase of 0.7% and significantly missing expectations. Consensus forecasts were calling f...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Goldmoved little - hanging on to overnight gains -- after Labor Department dataThursday showed that initial weekly U.S. jobless claims rose by 3,000 to aseasonally adjusted 224,000 in the week to Saturday.Consensusexpectations compiled by various news organizations had called for initialclaims to be around 2...Read More
World's largest miner BHP (ASX, NYSE, LON, JSE:BHP) told investors on Wednesday that it has learned from its past mistakes and is now spending its money more wisely.Explaining BHP's fresh strategy to seek growth while maintaining a healthy balance sheet, chief financial officer Peter Beaven said in a briefing the company has learned to assess both risks and returns, actively manage threats and thi...Read More
World's largest miner BHP (ASX, NYSE, LON, JSE:BHP) told investors on Wednesday that it has learned from its past mistakes and is now spending its money more wisely.Explaining BHP's fresh strategy to seek growth while maintaining a healthy balance sheet, chief financial officer Peter Beaven said in a briefing the company has learned to assess both risks and returns, actively manage threats and thi...Read More
World's largest miner BHP (ASX, NYSE, LON, JSE:BHP) told investors on Wednesday that it has learned from its past mistakes and is now spending its money more wisely.Explaining BHP's fresh strategy to seek growth while maintaining a healthy balance sheet, chief financial officer Peter Beaven said in a briefing the company has learned to assess both risks and returns, actively manage threats and thi...Read More
World's largest miner BHP (ASX, NYSE, LON, JSE:BHP) told investors on Wednesday that it has learned from its past mistakes and is now spending its money more wisely.Explaining BHP's fresh strategy to seek growth while maintaining a healthy balance sheet, chief financial officer Peter Beaven said in a briefing the company has learned to assess both risks and returns, actively manage threats and thi...Read More
BRUSSELS (Reuters) - The European Commission said on Wednesday it had adjusted its recommendation for the euro zone as a whole to have a stronger focus on what it said were the key challenges of boosting growth and shoring up public finances.“The recommendation calls for policies that support inclusive and sustainable growth, and improve resilience, rebalancing and convergence within the eur...Read More
TOKYO (Reuters) - Japan must maintain its ultra-loose monetary policy and proceed with gradual hikes in the consumption tax, including a scheduled increase next year, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday.The country’s ageing population also requires labor market reforms such as abolishing the mandatory retirement age and promoting female employme...Read More
ATHENS (Reuters) - The European Union’s executive approved Greece’s first post-bailout budget on Wednesday, but said the country had to speed up reforms if it hoped to qualify for any future disbursements under debt relief measures.The European Commission said it had adopted its first report for Greece under an enhanced surveillance framework put in place after the concusion of its bai...Read More
* EU Commission rejects Italian budget* Yields down as much as 16 bps on day* Salvini may be open to review budget -La Stampa* Salvini not seeking budget deficit changes (Adds Salvini, European Commission comment)By Virginia FurnessLONDON, Nov 21 (Reuters) - Italian government bond yields fell on Wednesday as some signs of a compromise from Rome on its 2019 budget boosted investor confidence, even...Read More
(Kitco News) - Gold andsilver prices aremodestly up in early U.S. trading Wednesday, supported by a weaker U.S. dollar indexon this day and by a rebound in the beleaguered crude oil market. December goldfutures were last up $2.60 an ounce at $1,223.80. December Comex silver waslast up $0.141 at $14.41 an ounce. Globalstock markets were mostly firmer overnight. U.S. stock indexes are also pointe...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...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
Gold has virtually done nothingfor weeks, yet investors seem to be getting very nervous. There is no reasonfor gold investors to be concerned at these levels as gold continues toconsolidate.Based on the emails I receive andthe people I talk to, gold is looking more like a buy every day. We know thatwhen a market is consolidating, it creates the biggest challenge for bittraders and investors who al...Read More
Gold has virtually done nothing for weeks, yet investors seem to be getting very nervous. There is no reason for gold investors to be concerned at these levels as gold continues to consolidate. Based on the emails I receive and the people I talk to, gold is looking more like a buy every day. We know that when a market is consolidating, it creates the biggest challenge for bit traders and investors...Read More
Toronto-based Minera Alamos (TSXV: MAI) announced today it has received a positive notification from the Mexican environmental authorities regarding the permit application for the development of the La Fortuna gold project in the northern Durango state.The notification confirms the completion of the technical review phase of the company's application for the change of land use to build mining and...Read More
Toronto-based Minera Alamos (TSXV: MAI) announced today it has received a positive notification from the Mexican environmental authorities regarding the permit application for the development of the La Fortuna gold project in the northern Durango state.The notification confirms the completion of the technical review phase of the company's application for the change of land use to build mining and...Read More
Toronto-based Minera Alamos (TSXV: MAI) announced today it has received a positive notification from the Mexican environmental authorities regarding the permit application for the development of the La Fortuna gold project in the northern Durango state.The notification confirms the completion of the technical review phase of the company's application for the change of land use to build mining and...Read More
* U.S. jobless claims rise to more than four-month high * Trade volume subdued ahead of U.S. Thanksgiving holiday * GRAPHIC-2018 asset returns: (Updates prices, adds details and comment)By Sumita LayekBENGALURU, Nov 21 (Reuters) - Gold rose on Wednesday as thedollar retreated after weekly data showed an increase in U.S.jobless claims, though bullion's gains were seen as limited by arecovery in equ...Read More