Recent News

Gold Needs To Push Past $1,240 An Ounce To Signal A Trend Reversal - Analyst

November 19, 2018 / www.kitco.com

(Kitco News) - Although optimism is starting to grow among gold traders, one technical analyst warns that it is still a little too early to turn overly bullish on the precious metal.In a recent interview with Kitco News, Greg Harmon, founder of Dragonfly Capital, said while gold has bounced off recent support at $1,220 an ounce, prices need to push past their October highs above $1,246 an ounce, b...Read More

Apple cuts production orders for all three new iPhone models: WSJ

November 19, 2018 / www.kitco.com

(Reuters) - Apple Inc (AAPL.O) has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources.A lower-than-expected demand for the new iPhones and Apple's decision to offer more models has made it difficult to anticipate the number of components and handsets the company needs, according to the WSJ report here...Read More

Saudi king to open mine project, crown prince to attend G20

November 19, 2018 / www.kitco.com

RIYADH (Reuters) - Saudi Arabia's King Salman will inaugurate the Waad Al-Shamaal mining project on Thursday, Alarabiya TV said on Twitter, quoting energy minister Khalid al-Falih.The project will cost 85 billion riyals ($22.7 billion) and will create 10,000 jobs, according to Falih. It is part of an industrial scheme aimed at opening up Saudi's north to development that will boost job creation.Sa...Read More

The Gold & Silver Corrective Rally is Almost Over

November 19, 2018 / www.fxstreet.com

Strong words, aren't they? And yet, we are not afraid to put them right in the title. The number of factors (and their importance) that point to a nearby reversal and continuation of the major decline is too significant to believe in the bullish case, even though gold, silver, and mining stocks moved higher in the last few days. We emphasized it many times and we will continue to do so, as it&...Read More

Komatsu's Frontrunner automated trucks haul a record 2B tonnes

November 19, 2018 / www.mining.com

ILLINOIS - Komatsu America announced on Nov. 15 that the FrontRunner autonomous haulage system (AHS) has achieved the unprecedented milestone of more than 2.0 billion tonnes of material moved autonomously.Since its first commercial deployment in 2008 at Codelco's Gabriela Mistral (Gaby) copper mine in Chile, the FrontRunner AHS has experienced exponential growth in cumulative production, breaking...Read More

Komatsu's Frontrunner automated trucks haul a record 2B tonnes

November 19, 2018 / www.mining.com

ILLINOIS - Komatsu America announced on Nov. 15 that the FrontRunner autonomous haulage system (AHS) has achieved the unprecedented milestone of more than 2.0 billion tonnes of material moved autonomously.Since its first commercial deployment in 2008 at Codelco's Gabriela Mistral (Gaby) copper mine in Chile, the FrontRunner AHS has experienced exponential growth in cumulative production, breaking...Read More

Nighthawk still finding strong grades at Colomac

November 19, 2018 / www.mining.com

NORTHWEST TERRITORIES - Toronto-based Nighthawk Gold completed almost 16,000 metres of drilling this summer at its Colomac gold project 220 km northwest of Yellowknife in the Indin Lake greenstone belt. The company says it continues to intersect broad zones of mineralization with higher grade centres.This year rather than focus on the northern half of the sill, Nighthawk tested several prospective...Read More

Nighthawk still finding strong grades at Colomac

November 19, 2018 / www.mining.com

NORTHWEST TERRITORIES - Toronto-based Nighthawk Gold completed almost 16,000 metres of drilling this summer at its Colomac gold project 220 km northwest of Yellowknife in the Indin Lake greenstone belt. The company says it continues to intersect broad zones of mineralization with higher grade centres.This year rather than focus on the northern half of the sill, Nighthawk tested several prospective...Read More

Nighthawk still finding strong grades at Colomac

November 19, 2018 / www.mining.com

NORTHWEST TERRITORIES - Toronto-based Nighthawk Gold completed almost 16,000 metres of drilling this summer at its Colomac gold project 220 km northwest of Yellowknife in the Indin Lake greenstone belt. The company says it continues to intersect broad zones of mineralization with higher grade centres.This year rather than focus on the northern half of the sill, Nighthawk tested several prospective...Read More

#Crypto Carnage Continues As Bitcoin Cash Fork Battle Builds | Zero Hedge

November 19, 2018 / www.zerohedge.com

The selling pressure is showing no signs of abating as Bitcoin plunges back below $5,000 for the first time since October 2017...Read full newsRead More

Nissan to oust Ghosn after arrest for alleged financial misconduct

November 19, 2018 / www.kitco.com

YOKOHAMA, Japan (Reuters) - Nissan Motor Co (7201.T) Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy.Ghosn is also chairman and chief executive of Nissan’s French partner Renault (RENA.PA) and his departure will raise questi...Read More

Instant View: Wall Street stocks tumble, S&P falls 2 percent

November 19, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. stocks tumbled on Monday, with the S&P 500 and Dow Jones industrial Average shedding about 2 percent and the Nasdaq down more than 3 percent.A slide in Apple’s shares to their lowest since July 6 battered the technology sector on concerns about iPhone demand, with mixed signals over the state of play between the United States and China on their trade dispute add...Read More

U.S. Federal Reserve governor Randal Quarles poised to become FSB chair

November 19, 2018 / www.kitco.com

WASHINGTON (Reuters) - Federal Reserve governor Randal Quarles is to become the new head of the Financial Stability Board, the international body that helps monitor and safeguard financial stability globally, two people familiar with the process said.He will replace Mark Carney, the Bank of England governor whose term ends this year. Klaas Knot, president of the Dutch Central Bank, is expected to...Read More

Explainer: Was Trump's appointment of Whitaker lawful?

November 19, 2018 / www.kitco.com

(Reuters) - President Donald Trump’s appointment of Matthew Whitaker as acting U.S. attorney general on Nov. 7 drew another legal challenge on Monday, this time by three Democratic senators.Senators Richard Blumenthal, Sheldon Whitehouse and Mazie Hirono sued Whitaker and Trump, asking for a court order stating the appointment violated the U.S. Constitution by denying the Senate its right to...Read More

Great Bear Completes Purchase of 100% Royalty-Free Interest in Dixie Gold Project, Red Lake, Ontario @GreatBearGBR...

November 19, 2018 / twitter.com

"Great Bear Completes Purchase of 100% Royalty-Free Interest in Dixie Gold Project, Red Lake, Ontario @GreatBearGBR https://t.co/bmeWSNxImD"Read full newsRead More

ATAC grows Osiris zone at Rackla with high grade

November 19, 2018 / www.mining.com

YUKON - ATAC Resources of Vancouver continues to drill on that part of the Rackla gold project not optioned to Barrick, and has made high grade gold discovery at surface at the Osiris property.Two rotary air blast (RAB) holes 1,000 metres southwest of the Conrad zone and 800 metres east of the Ibis zone returned 1.5 metres of 3.05 g/t gold and 6.1 metres of 3.39 g/t.Step-out drilling at the Osiris...Read More

ATAC grows Osiris zone at Rackla with high grade

November 19, 2018 / www.mining.com

YUKON - ATAC Resources of Vancouver continues to drill on that part of the Rackla gold project not optioned to Barrick, and has made high grade gold discovery at surface at the Osiris property.Two rotary air blast (RAB) holes 1,000 metres southwest of the Conrad zone and 800 metres east of the Ibis zone returned 1.5 metres of 3.05 g/t gold and 6.1 metres of 3.39 g/t.Step-out drilling at the Osiris...Read More

ATAC grows Osiris zone at Rackla with high grade

November 19, 2018 / www.mining.com

YUKON - ATAC Resources of Vancouver continues to drill on that part of the Rackla gold project not optioned to Barrick, and has made high grade gold discovery at surface at the Osiris property.Two rotary air blast (RAB) holes 1,000 metres southwest of the Conrad zone and 800 metres east of the Ibis zone returned 1.5 metres of 3.05 g/t gold and 6.1 metres of 3.39 g/t.Step-out drilling at the Osiris...Read More

Golden Predator find new style mineralization at 3 Aces

November 19, 2018 / www.mining.com

YUKON - Vancouver-based Golden Predator Mining reports that it has discovered an important new style of disseminated gold mineralization in the Sprogge area of its 3 Aces project. This is a potentially large gold bearing intrusive system not previous known at 3 Aces.A total of 27 shallow diamond drill holes tested six zones within a 1.4 by 1.0 km at Sprogge, and will be followed up next year. The...Read More

Golden Predator find new style mineralization at 3 Aces

November 19, 2018 / www.mining.com

YUKON - Vancouver-based Golden Predator Mining reports that it has discovered an important new style of disseminated gold mineralization in the Sprogge area of its 3 Aces project. This is a potentially large gold bearing intrusive system not previous known at 3 Aces.A total of 27 shallow diamond drill holes tested six zones within a 1.4 by 1.0 km at Sprogge, and will be followed up next year. The...Read More

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