Recent News

Gold Prices Under Pressure As U.S. Economy Creates 250K Jobs In October

November 02, 2018 / www.kitco.com

(Kitco News)- The gold market is seeing a little selling pressurefollowing stronger than expected U.S. employment data.The Bureau of Labor Statistics said 250,000 jobs werecreated in October, economists were expecting to see job gains of around 194,000. At the same time the unemployment rate was unchanged at 3.7%,in line with expectations. The unemployment rate is at its lowest level since 1969.Go...Read More

GLOBAL MARKETS-Shares roar higher on US-China trade deal hopes

November 02, 2018 / www.kitco.com

* U.S.-China trade deal hopes trigger risk rally * Emerging-market shares head for best day since early 2016 * Europe higher with Germany's DAX leading the charge * Hong Kong, Korean markets have best day in seven years * U.S. jobs data next test for rising bond yields * Dollar dips, sterling builds on strongest day of the year * Graphic: World FX rates in 2018 By Marc JonesLONDON, Nov 2 (Reuters)...Read More

Forget gridlock, Republican win may be better for stocks

November 02, 2018 / www.kitco.com

SAN FRANCISCO (Reuters) - U.S. President Donald Trump has warned that his favorite measure of success, the stock market, is imperiled if voters favor Democrats in next week’s congressional elections.While not fully accurate - stocks tend to rise regardless of who controls the government - it does bear out that the market has delivered a slightly stronger performance on average when Republica...Read More

Good news for the whole junior #lithium space.

November 02, 2018 / twitter.com

"Not yet an off-take agreement but a good signal for investors. Kudos to Kidman Resources. #lithium https://t.co/FRCjgITu3W"Read full newsRead More

UPDATE 1-Euro zone bond yields rise as trade-war fears recede

November 02, 2018 / www.kitco.com

* Talk of improved U.S.-China ties boosts risk appetite* 10-year U.S., German yields hit one-week highs* Euro zone manufacturing data disappoints* U.S. jobs data due 1230 GMT* EBA to publish stress test results at 1700 GMT (Updates pricing, adds detail on PMI data)By Virginia FurnessLONDON, Nov 2 (Reuters) - Euro zone government bond yields rose on Friday before U.S. jobs data and after reports th...Read More

German economy likely shrunk by around 0.3 percent in third-quarter: IfW institute

November 02, 2018 / www.kitco.com

BERLIN (Reuters) - Germany's economy likely shrunk by around 0.3 percent in the third quarter, the IfW institute said on Friday, adding this was probably largely caused by declines in production in the auto industry due to the introduction of new pollution standards known as WLTP.Stefan Kooths, head of the forecasting center at the Kiel Institute for the World Economy (IfW), said growth in Europe'...Read More

Stocks fall after wild session as conflicting trade news keeps investors guessing

November 02, 2018 / www.cnbc.com

Fred Imbert| @foimbert Published 16 Hours AgoUpdated5 Hours AgoCNBC.com show chapters Stocks pare losses on Trump's optimism for trade deal with China   6 Hours Ago |01:45 Stocks traded in a wide range on Friday as investors digested different comments and reports on global trade, while Apple shares dented the broader tech sector.The Dow Jones Industrial Average closed 109.9...Read More

Iamgold: Feasibility Study Points To Improved C??t?(C) Gold Economics

November 02, 2018 / www.kitco.com

Iamgold Corp. (TSX: IMG; NYSE: IAG) says a feasibility study for a joint venture withSumitomo Metal Mining Co., Ltd., for the C??t?(C) Gold project in northern Ontario,points to “an economically viable, long-life project that is expected to be alow-cost producing mine.” Compared to the prefeasibility study, proven andprobable reserves increased by 1.4 million ounces to 7.3 million. Mea...Read More

@TraderPamplona They have some big advantages most didn't realize yet. Nemaska will be a vertical integrated specia...

November 02, 2018 / twitter.com

"@TraderPamplona They have some big advantages most didn't realize yet. Nemaska will be a vertical integrated special chemical company, focused on valuable b-g Li hydroxide in prime location. High Q partners and OT with LG Ch, NorthV, FMC, JohnsonM. $NMX.TO"Read full newsRead More

Australian Mines shares soar after partnering with Indian firm to produce key battery meta...

November 02, 2018 / www.mining.com

Shares in Australian Mines (ASX:AUZ) closed 25 percent higher on Friday in Sydney after the company announced it had partnered with an Indian firm to evaluate the use of scandium in next-generation battery storage technology.The Perth-based miner said its planned collaboration with India's Amrita Centre for Research and Development's Centre of Excellence in Advanced Materials and Green Technologi...Read More

Bitcoin Daily Chart Alert - Quiet Trading At Present - Nov. 2

November 02, 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

Australian Mines shares soar after partnering with Indian firm to produce key battery metal

November 02, 2018 / www.mining.com

Shares in Australian Mines (ASX:AUZ) closed 25 percent higher on Friday in Sydney after the company announced it had partnered with an Indian firm to evaluate the use of scandium in next-generation battery storage technology.The Perth-based miner said its planned collaboration with India's Amrita Centre for Research and Development's Centre of Excellence in Advanced Materials and Green Technologi...Read More

Gold Trying To Break Out

November 02, 2018 / www.kitco.com

After Wednesday's ugly trade, gold spiked on Thursday, testing the $1,240 level once again. Although gold broke down through $1,220, trading as low as $1,215, it immediately bounced back to the $1,240 resistance level. Gold looks poised to make a big up move and push through $1,240 resistance sooner rather than later. Gold's rally may have been sparked by the weaker dollar; however, gold has been...Read More

Gold Trying To Break Out

November 02, 2018 / www.kitco.com

After Wednesday's ugly trade,gold spiked on Thursday, testing the $1,240 level once again. Although goldbroke down through $1,220, trading as low as $1,215, it immediately bouncedback to the $1,240 resistance level.Gold looks poised to make a bigup move and push through $1,240 resistance sooner rather than later. Gold'srally may have been sparked by the weaker dollar; however, gold has beengaining...Read More

@TraderPamplona Add $AAL to that list as well. There should be taken out by $ORL / $LAC in the long run. $ORL alrea...

November 02, 2018 / twitter.com

"@TraderPamplona Add $AAL to that list as well. There should be taken out by $ORL / $LAC in the long run. $ORL already controls 25% plus JV, key project is just 50 miles south of Olaroz."Read full newsRead More

@TraderPamplona M&A should be also coming to the USA. $SLL.V in Arkansas is being closely watched by spec. chemical...

November 02, 2018 / twitter.com

"@TraderPamplona M&A should be also coming to the USA. $SLL.V in Arkansas is being closely watched by spec. chemical giant LANXESS (already partn.)and next to $ALB as well. Prime target imho.$PLLL in NC might be interesting for $ALB re location."Read full newsRead More

@TraderPamplona More consolidation coming here for sure. In the long term I see Pastos Grandes from $ML / $LSC be c...

November 02, 2018 / twitter.com

"@TraderPamplona More consolidation coming here for sure. In the long term I see Pastos Grandes from $ML / $LSC be consolidated and taken out, as well as $NLC. They all are already in discussions."Read full newsRead More

Gold holds steady just below weekly tops, NFP awaited

November 02, 2018 / www.fxstreet.com

   •  Easing USD bearish pressure/risk-on mood fails to provide fresh impetus.   •  The latest US monthly jobs report might help determine the near-term trajectory. Gold held steady through the early European session on Friday and was seen consolidating overnight strong upsurge to fresh weekly tops.  After falling for three days in a row, the precious m...Read More

Cardero completes acquisition of historic Arizona copper mine

November 02, 2018 / www.mining.com

Cardero Resource Corp. (TSXV: CDU) announced today that it has completed the acquisition of an undivided 100% interest in the Zonia copper deposit, originally owned by Redstone Resources Corp.The Zonia Copper Oxide Project, located in central Arizona, has been held under private ownership for almost 100 years and has undergone comprehensive exploration, metallurgical studies and mine development p...Read More

Cardero completes acquisition of historic Arizona copper mine

November 02, 2018 / www.mining.com

Cardero Resource Corp. (TSXV: CDU) announced today that it has completed the acquisition of an undivided 100% interest in the Zonia copper deposit, originally owned by Redstone Resources Corp.The Zonia Copper Oxide Project, located in central Arizona, has been held under private ownership for almost 100 years and has undergone comprehensive exploration, metallurgical studies and mine development p...Read More

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