LONDON (Reuters) - British Prime Minister Theresa May was fighting for survival on Friday after a draft divorce deal with the European Union provoked the resignations of senior ministers and calls for a vote of no confidence in her leadership.More than two years after the United Kingdom voted to leave the EU, it is still unclear how, on what terms or even if it will leave the EU as planned on Marc...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
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
Likea gymnast, gold stuck a perfect landing as it tumbled from the $1,240 level,holding the $1,200 support level the last few days. The pattern for goldremains solid, although the selling before the landing was ratheruncomfortable.Tradersand investors look to the news for reasons to buy or sell when the simple truthis all the news plays out in the chart long before it ever hits the mainstream.The...Read More
Like a gymnast, gold stuck a perfect landing as it tumbled from the $1,240 level, holding the $1,200 support level the last few days. The pattern for gold remains solid, although the selling before the landing was rather uncomfortable.Traders and investors look to the news for reasons to buy or sell when the simple truth is all the news plays out in the chart long before it ever hits the mainstrea...Read More
I’m back and it appears so is theprice of gold. After violating a couple of our key levels, gold held the mostimportant level of $1,200. It was a scary time with gold going through $1,200but managing to close above. The support held, clearing the way for a move backto $1,240 and then $1,275.Many of you expressed concernwhen gold was violating $1,220. My comments were the same -- “don&r...Read More
Technical Weekly: The sideways consolidation continued although the market managed to post a significant low at 1160 in mid-August. Levels close to the 78.6% pullback level of 1175 found buyers. This weeks’ price action is forming a bullish hammer. Price action looks to be forming a bottom. Daily: The selloff from 1243 has stalled at the 78.6% Fibonacci retracement (1194). This completed an...Read More
• The precious metal traded with a mild positive bias for the fourth consecutive session on Friday, albeit seemed struggling to build on its positive move beyond the $1216-17 strong resistance. • The mentioned hurdle, representing 50% Fibonacci retracement level of $1237-$1196 recent downfall and nearing 200-hour SMA, has been capping the up-mo...Read More
Ontario-based White Metal Resources Corp. (TSXV: WHM) is growing its recently acquired Williams Gold property, located in central Newfoundland, where a gold rush seems to be taking place.In a media statement, the junior explorer announced that it has staked an additional 50 claim units totaling 1,250 hectares near the project and south of the former producing Beaver Brook Antimony mine.In detail,...Read More
Ontario-based White Metal Resources Corp. (TSXV: WHM) is growing its recently acquired Williams Gold property, located in central Newfoundland, where a gold rush seems to be taking place.In a media statement, the junior explorer announced that it has staked an additional 50 claim units totaling 1,250 hectares near the project and south of the former producing Beaver Brook Antimony mine.In detail,...Read More
Ontario-based White Metal Resources Corp. (TSXV: WHM) is growing its recently acquired Williams Gold property, located in central Newfoundland, where a gold rush seems to be taking place.In a media statement, the junior explorer announced that it has staked an additional 50 claim units totaling 1,250 hectares near the project and south of the former producing Beaver Brook Antimony mine.In detail,...Read More
* Palladium only $56 from parity with gold * GRAPHIC-2018 asset returns: (Updates prices)By Sumita Layek and Swati VermaBENGALURU, Nov 16 (Reuters) - Gold rose to a one-week highon Friday as the dollar softened, while palladium held near arecord high close to the price of bullion.The surge in palladium, used as an emissions-reducing autocatalyst for vehicles, reflected speculative buying driven by...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
(Updates with closing prices)By Peter HobsonLONDON, Nov 16 (Reuters) - Copper rose on Friday as signs ofsupply tightness supported prices, but worries about the outcomeof the U.S.-China trade dispute limited gains.Supply shortages also powered zinc towards its biggestweekly gain since September.Benchmark copper on the London Metal Exchange closedup 0.3 percent at $6,205 a tonne, 2.4 percent higher...Read More
German automaker Volkswagen said Friday it will spend tens of billions of dollars refocusing the company on the making of electric cars, autonomous vehicles and new mobility services.The Wolfsburg-based manufacturer, which plans to have some of the new offering in the market by 2023, said the 44-billion euro ($50 billion) investment in what CEO Herbert Diess describes as an "electric offensive,"...Read More
LONDON, Nov 16 (Reuters) - Senior Eurosceptic ministerMichael Gove said on Friday he had confidence in Prime MinisterTheresa May and was focussed on working for a good deal forBritain as it leaves the European Union.Two of his cabinet colleagues quit over May's Brexit plans,leading to speculation that Gove might follow them.Asked if he had confidence in May, Gove said "I absolutelydo."&q...Read More
LONDON, Nov 16 (Reuters) - Senior Eurosceptic ministersMichael Gove, Liam Fox, Chris Grayling, Penny Mordaunt andAndrea Leadsom have agreed to stay in British Prime MinisterTheresa May's government, the Sunday Times reported on Friday.Two senior ministers quit May's cabinet on Thursday over herdraft withdrawal agreement, throwing her premiership into chaos."Gove, Fox, Grayling, Mordaunt and L...Read More