(Kitco News) - Gold has bounced in a $20 range since the end of October. Discounting the drop on Oct. 31, which we believe was fund selling to grab some profits for client-statement purposes to offset losses in the equity space, gold has remained in a very tight range. Good economic numbers on Friday helped to strengthen the dollar, but gold remained resilient into the weekend. The technical pictu...Read More
WASHINGTON/DUBAI (Reuters) - Iran said it would defy U.S. sanctions reimposed on it by Washington on Monday, denouncing as “economic war” the U.S. attempt to curb Tehran’s missile and nuclear programs and weaken its influence in the Middle East.The U.S. move restores sanctions lifted under a 2015 nuclear deal negotiated by the administration of President Barack Obama and five oth...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
Despite additional easing and a 403.5 billion yuan 1-year maturity MLF operation, yuan is tumbling along with China (and Hong Kong stocks) following an ugly Caixin Composite PMI print (the weakest since June 2016).Read full newsRead More
SHANGHAI (Reuters) - Chinese President Xi Jinping promised on Monday to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the United States and others.The Nov. 5-10 China International Import Expo, or CIIE, brings thousands of foreign companies together with Chinese buyers in a bid to demons...Read More
CoT large speculators are in a rare net long position on VIX futures, which means volatility could decline"'At some point, maybe now, this 200-day breach will signal bearish activity to come. But there have been many 'false negatives' along the way too in which the break of this trendline occurred around major lows.'"...That said, there is often a volatile, choppy phase that equity markets endure...Read More
Spearmint Resources (CSE:SPMT) started operations on its Chibougamau Vanadium Prospects located in Quebec, in the direct vicinity of the vanadium deposit of BlackRock Metal's Ilmenite project and Vanadium One Energy's Mont Sorcier project.Chibougamau is comprised of four separate claim blocks totalling 9,735-acres, near Lac Chibougamau in the northern region of the French-speaking province."As the...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), which last month announced it was buying Randgold Resources (LON:RRS) in a $6.1-billion deal, is said to have resumed talks with rival Newmont Mining (NYSE:NEM) aimed at merging their gold operations in Nevada, US."They have been trying to negotiate for years but Newmont couldn't agree with Barrick, now that you have a new management team, it's certain they...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), which last month announced it was buying Randgold Resources (LON:RRS) in a $6.1-billion deal, is said to have resumed talks with rival Newmont Mining (NYSE:NEM) aimed at merging their gold operations in Nevada, US."They have been trying to negotiate for years but Newmont couldn't agree with Barrick, now that you have a new management team, it's certain they...Read More
* Specs increase net short positions in gold to highest in 3weeks * Platinum scales more than 4-month peak * GRAPHIC-2018 asset returns: (Recasts, updates prices, adds quotes)By Sumita LayekBENGALURU, Nov 5 (Reuters) - Gold fell on Monday asinvestors took some profits following a rally over the pastweek, but the market is cautious ahead of the U.S. midtermelections this week.Spot gold was down 0.3...Read More
ANKARA, Nov 5 (Reuters) - Turkey has no worries aboutreaching its year-end budget deficit target of 1.9 percent ofgross domestic product, Finance Minister Berat Albayrak said onMonday. Speaking in a broadcast interview on A Haber, Albayrak saidborrowing costs, which at one point hit around 40 percent forcommercial and consumer loans, will fall further with thenormalisation of the economy. (Reporti...Read More
* World stocks fall after four-day rally * Italy leads Europe down as banks slide * Crude slides as waivers dilute Iran sanctions * Investors cautious before U.S. midterms * Sterling jumps on Brexit deal hopes By Helen Reid LONDON, Nov 5 (Reuters) - World stocks slipped on Monday,halting a four-day recovery rally as anxiety surrounding globaltrade conditions and rising U.S. interest rates dampene...Read More
Published 21 Hours AgoUpdated5 Hours AgoReuters Edgar Su | ReutersGold inched lower within a narrow range on Monday ahead of the U.S. congressional elections, which may fuel interest in bullion as a hedge against risk if the result sparks volatility in financial markets.Spot gold was down 0.18 percent at $1,230.21 per ounce, trading in an $8 range. U.S. gold futures settled at $1,232.30 per ounce...Read More
ANKARA, Nov 5 (Reuters) - Turkish authorities have orderedthe arrest of gold trader Reza Zarrab, a prosecution witness inthe New York trial of a Turkish banker, over unlawful buildingwork, Anadolu news agency said on Monday. Zarrab, 34, a dual national of Iran and Turkey, was agovernment witness in the trial of Mehmet Hakan Atilla, a formerdeputy general manager at Turkey's state-owned Halkbank wh...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN Index made a final plunge as low as 1108.56 before it embarked on a powerful turnaround. The Index ended the week at 1151.95 with a 1.5% or 17.5-point gain, as world markets rebounded with gusto.For the last couple of weeks, including in last week's blog post "Dives...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that in preparation for its launch into the United States, it has signed a distribution agreement with Ingram Micro Inc. for its Uniden (R) UV350 in-vehicle 4G/LTE device.Ingram Micro's distribution reach is a key component to Siyata's strategy as they distribute through key...Read More
The Gold Shares ETF is stabilizing above monthly and quarterly value levels of $111.60 and $110.26, respectively.The commodities ETF has a negative weekly chart but is above its "reversion to the mean" and my annual value level.The long dollar ETF has been rising around its "reversion to the mean" since the week of July 30, 2017. Here are the weekly charts for the gold, commodities and dollar exch...Read More