Recent News

Pretium Reports Year-On-Year Rise In 3Q Profit

November 09, 2018 / www.kitco.com

Pretium Resources Inc. (TSX, NYSE: PVG), which operates the Brucejack Mine in British Columbia that began commercial production in July 2017, reports adjusted earnings rose to $26.3 million, or 14 cents per share, in the third quarter, up from $14 million, or 8 cents, in the same period a year ago. Net earnings were $10.7 million, or 6 cents per share, compared to a net loss of $7 million, or 4 ce...Read More

China concerns, U.S. rate view send stocks lower

November 09, 2018 / www.kitco.com

LONDON (Reuters) - Global stocks are on track for their biggest drop in two weeks while oil prices held near six-month lows on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets.While the decision to hold interest rates by the U.S. Federal Reserve was anticipated by markets, some participants had expected a more cautious approach from the central bank after a...Read More

Oil falls below $70 as U.S. crude enters 'bear market'

November 09, 2018 / www.kitco.com

LONDON (Reuters) - Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes.Benchmark Brent crude LCOc1 fell below $70 a barrel for the first time since early April, down more than 18 percent since reaching four-year highs at the beginning of October.Brent dropped $1.52 to a low of $69...Read More

UK economy grows strongly in third-quarter, with hints of tougher times ahead

November 09, 2018 / www.kitco.com

LONDON (Reuters) - Britain’s economy picked up pace during the third quarter, growing at the fastest rate since late 2016, but this may prove a high watermark ahead of Brexit, official figures showed on Friday.Gross domestic product in the three months to September was 0.6 percent higher than in the previous quarter, matching the consensus forecast in a Reuters poll of economists, figures fr...Read More

Orca #Gold has landed on an interesting two-stage plan in the feasibility study for its Block 14 project in Sudan....

November 09, 2018 / twitter.com

"Orca #Gold has landed on an interesting two-stage plan in the feasibility study for its Block 14 project in Sudan. The mine would produce 228,000oz over 14 years($) | https://t.co/gFxmY6fXdR"Read full newsRead More

U.S., Mexico, Canada ministers to sign trade pact Nov. 30, official says

November 09, 2018 / www.kitco.com

MEXICO CITY (Reuters) - Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on Nov. 30, Mexico’s economy minister said on Thursday.The deal will be signed in Buenos Aires, Argentina, the Mexican Economy Minister Ildefonso Guajardo told reporters at an event in Mexico City. Argentina is hosting the G20 international forum for governments and central ban...Read More

Bitcoin Daily Chart Alert - Bulls Fade Late This Week - Nov. 9

November 09, 2018 / www.kitco.com

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

UPDATE 1-Italian bond yields rise as govt digs in heels on budget

November 09, 2018 / www.kitco.com

* Italy/Germany bond gap returns to above 300 bps* Bank of Italy says Italy/Germany spread must be reduced* German Bund yields fall from 2-week highs* US 2, 5-year bond yields hit decade highs after Fed meeting* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts to focus on Italy, adds quotes)By Dhara Ranasinghe and Virginia FurnessLONDON, Nov 9 (Reuters) - Italy’s bond yields...Read More

U.S. judge halts construction of Keystone XL oil pipeline

November 09, 2018 / www.kitco.com

(Reuters) - A federal judge in Montana halted construction of the Keystone XL oil pipeline on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project.The ruling deals a major setback for TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline.The rulin...Read More

Guyana Goldfields starts underground development at Aurora

November 09, 2018 / www.mining.com

Guyana Goldfields (TSX:GUY) announced today that is has started underground development at its 100%-owned Aurora Mine, which is located in northwestern Guyana, in a territory in dispute with Venezuela.In a media statement, Guyana Goldfields said is has completed the first blast on the Mad Kiss portal and that now the contractor is working on completing and reinforcing the collar and extending the...Read More

Guyana Goldfields starts underground development at Aurora

November 09, 2018 / www.mining.com

Guyana Goldfields (TSX:GUY) announced today that is has started underground development at its 100%-owned Aurora Mine, which is located in northwestern Guyana, in a territory in dispute with Venezuela.In a media statement, Guyana Goldfields said is has completed the first blast on the Mad Kiss portal and that now the contractor is working on completing and reinforcing the collar and extending the...Read More

Rio's Argyle pink diamonds tender breaks record

November 09, 2018 / www.mining.com

Rio Tinto, (NYSE:RIO) the world's No.2 miner, announced today that it delivered record results at its 2018 Argyle Pink Diamonds Tender, which included 63 rare pink, red and violet diamonds from its Argyle mine in Australia.The mine is the biggest diamond operation down under, and the source of rare and prized fancy pink gems. Argyle has been active since 1983, first as an open pit mine and then fr...Read More

METALS-Nickel hits near 11-month low as speculators step up pressure

November 09, 2018 / www.kitco.com

* Copper marks biggest weekly drop since August * Zinc premium of cash over 3 months highest in over a year (Updates with closing prices)By Eric OnstadLONDON, Nov 9 (Reuters) - Nickel slumped to its lowest pricein nearly 11 months on Friday and other industrial metals slidas speculators unleashed more selling due to worries abouthigher U.S. interest rates and slowing Chinese economic growth.Copper...Read More

UPDATE 1-Turkish Treasury cuts bond auctions as financing need declines

November 09, 2018 / www.kitco.com

(Adds background, details, quotes)ISTANBUL, Nov 9 (Reuters) - Turkey's Treasury will not holdthree of six bond auctionsoriginally scheduled for next week,it said on Friday, after its financing needs decreased due tonew savings measures and strong demand for eurobonds.The move is likely to ease some worries over Ankara'sexternal funding after a currency sell-off earlier this yearsent the lira to a...Read More

Silver Is Stuck In Neutral

November 09, 2018 / seekingalpha.com

Looking ugly below $14.00.Looking great over $14.90.A speculative metal in hibernation.Silver is not following gold.USLV and DSLV can provide explosive short-term returns.The silver market is stuck in a rut. Even though gold broke above its short-term technical resistance, silver has not moved to a level that is outside of its trading range since trading down to the lowest level at $13.91 in mid-S...Read More

Turkish lira weakens after Fed reaffirms tightening policy

November 09, 2018 / www.kitco.com

ANKARA, Nov 9 (Reuters) - Turkey's lira weakened around onepercent against the dollar to its weakest level of the week onFriday after the U.S. Federal Reserve reaffirmed its stand ontightening monetary policy, causing markets to price in a U.S.December rate hike.The lira has recovered strongly from a plunge toa record low of 7.24 to the dollar in August, triggering heftyinterest rate hikes. Howeve...Read More

PRECIOUS-Gold eases as dollar rallies on hawkish Fed

November 09, 2018 / www.kitco.com

* Silver headed for biggest weekly fall since Sept. 7 * Platinum set for worst week since late Sept * Fed holds rates for now, on track to gradually hike them (Updates prices)By Sumita LayekBENGALURU, Nov 9 (Reuters) - Gold dipped on Friday, on trackfor its biggest weekly fall since August, as the dollar rosetowards 16-month highs after U.S. Federal Reserve stuck to itstight monetary stance and lo...Read More

UPDATE 2-Commodities stocks drag Europe down as Thyssenkrupp, Richemont earnings disappoint

November 09, 2018 / www.kitco.com

* Europe's STOXX down 0.4 pct * Miners, autos, oil stocks tumble * Thyssenkrupp sinks 9 pct after profit warning* Luxury stocks suffer from weak Richemont results (Updates prices, adds details)By Julien Ponthus and Helen ReidLONDON, Nov 9 (Reuters) - European shares slipped on Fridayas mining and oil stocks sold off and weak results fromThyssenkrupp and Richemont weighed on sentiment.The pan-Europ...Read More

UPDATE 1-Italy's Di Maio commits to 2.4 pct deficit goal, euro currency

November 09, 2018 / www.kitco.com

(Adds quotes, background)By Gavin JonesROME, Nov 9 (Reuters) - Deputy Prime Minister Luigi Di Maiosaid on Friday Italy would meet its 2019 deficit target thanksto extra spending cuts, if necessary, adding that the governmentwas committed to remaining in the euro zone.Speaking at a news conference with foreign reporters, Di Maio said his party had reversed its previous anti-euro stancebecause chang...Read More

This Could Be the Biggest IPO Since Facebook

November 09, 2018 / www.schaeffersresearch.com

One private company has been minting millionaires, and it's about to go public.Sensitive details about a potential new IPO have been "leaked" from this secure facility in Pittsburgh, PA...40 of the world's top researchers are working on a breakthrough that could be worth $15 TRILLION. So for anyone who missed out on Google, Facebook or even Alibaba - this is thebest chance to cash in right now....Read More

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