Recent News

Stock Futures Plummet with Amazon and Alphabet

October 26, 2018 / www.schaeffersresearch.com

Shares of AMZN and GOOGL are down big before the openIt's setting up to be an ugly day on Wall Street, with Dow Jones Industrial Average (DJI) futures pointing to a more than 250-point sell-off. Likewise, the Nasdaq-100 Index (NDX) is also bracing for a triple-digit drop out of the gate. The latest round of corporate earnings has been thoroughly disappointing, headlined by sharp pre-market losses...Read More

TerraX grab samples up to 63 g/t Au at Yellowknife City

October 26, 2018 / www.stockwatch.com

Mr. David Suda reportsTERRAX 2018 SUMMER EXPLORATION PROGRAM CONTINUES TO EXPAND NORTHBELT TARGET TerraX Minerals Inc. has released further assay results from the company's 2018 summer field program on the Yellowknife City gold (YCG) project. A total of 262 samples were taken on the company's Northbelt target, which represents the possible extension of Con-Giant trend and constitutes the core focu...Read More

TerraX grab samples up to 63 g/t Au at Yellowknife City

October 26, 2018 / www.stockwatch.com

Mr. David Suda reportsTERRAX 2018 SUMMER EXPLORATION PROGRAM CONTINUES TO EXPAND NORTHBELT TARGET TerraX Minerals Inc. has released further assay results from the company's 2018 summer field program on the Yellowknife City gold (YCG) project. A total of 262 samples were taken on the company's Northbelt target, which represents the possible extension of Con-Giant trend and constitutes the core focu...Read More

Leagold said restarting Santa Luz mine in Brazil requires $82 million

October 26, 2018 / www.mining.com

Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More

Leagold said restarting Santa Luz mine in Brazil requires $82 million

October 26, 2018 / www.mining.com

Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More

Leagold said restarting Santa Luz mine in Brazil requires $82 million

October 26, 2018 / www.mining.com

Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More

Turkey's Erdogan urges Saudis to say who ordered Khashoggi's killing

October 26, 2018 / www.kitco.com

ISTANBUL (Reuters) - Turkish President Tayyip Erdogan urged Saudi Arabia on Friday to disclose who ordered the murder of journalist Jamal Khashoggi in Istanbul, as well as the location of his body, heightening international pressure on the kingdom to come clean on the case.Erdogan said Turkey had more information than it had shared so far about the killing of Khashoggi, a prominent U.S.-based crit...Read More

China's Xi says Japan relations back on 'right track': state media

October 26, 2018 / www.kitco.com

BEIJING (Reuters) - Chinese President Xi Jinping said on Friday that bilateral relations with Japan had returned to the “right track” and China would ensure the positive momentum continues, state media reported.Xi, who made the remarks while meeting with visiting Japanese Prime Minister Shinzo Abe, added that a healthy and stable relationship was in line with the interests of both coun...Read More

EU shows no sign of heeding U.S. threat over derivatives clearing

October 26, 2018 / www.kitco.com

LONDON (Reuters) - The European Union is proposing to give the European Central Bank sweeping powers over foreign clearing houses in times of market stress, an EU document showed, as the bloc shows little sign of heeding U.S. calls to water down the plans.The bloc has proposed changing the ECB’s statute to give it a broad role in the oversight of EU and foreign clearing houses that handle la...Read More

China, Japan to forge closer ties at 'historic turning point'

October 26, 2018 / www.kitco.com

BEIJING (Reuters) - China and Japan on Friday pledged to forge closer ties as both countries stood together at an “historic turning point”, signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington.Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang also agreed the two countries would work together to achiev...Read More

Buckle Up! Gold Gains As Volatile Trading Day Expected

October 26, 2018 / www.kitco.com

(Kitco News) - Gold prices aremoderately higher in early U.S. trading Friday, on more safe-haven buying aheadof a likely volatile trading session in the U.S. stock market, and an uncertainweekend on the geopolitical front. December gold futures were last up $3.00 anounce at $1,235.00. December Comex silver was last down $0.005 at $14.625 anounce. TheU.S. economic highlight this week is this mornin...Read More

Gold Moves Little After U.S. 3Q GDP Growth Reported At 3.5%

October 26, 2018 / www.kitco.com

(Kitco News)- Gold held a slight gain but moved little after a government report Friday showedthat U.S. gross domestic product rose by a seasonally adjusted annual rateof 3.5% in the third quarter.Thiswas the government’s first estimate of economic growth for theJuly-September quarter, showing that growth slowed some from 4.2% in the secondquarter. Consensus forecasts compiled by n...Read More

Gold Moves Little After U.S. 3Q GDP Growth Reported At 3.5%

October 26, 2018 / www.kitco.com

(Kitco News) - Gold held a slight gain but moved little after a government report Friday showed that U.S. gross domestic product rose by a seasonally adjusted annual rate of 3.5% in the third quarter.This was the government’s first estimate of economic growth for the July-September quarter, showing that growth slowed some from 4.2% in the second quarter. Consensus forecasts compil...Read More

Euro zone money markets push back rate hike bets to December 2019

October 26, 2018 / www.kitco.com

LONDON, Oct 26 (Reuters) - Euro zone money markets have pushed back rate hike expectations, and are now only fully pricing in a 10 basis point rate hike from the European Central Bank for December 2019.They had been fully pricing in a hike for October 2019 on Monday.In addition, money market pricing suggests that investors are now only pricing in a 50 percent chance of a 10 basis point rate hike i...Read More

Oil falls on oversupply worries despite Iran sanctions

October 26, 2018 / www.kitco.com

LONDON (Reuters) - Oil prices dropped more than 1 percent on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand.Brent crude oil LCOc1 fell $1.12 to a low of $75.77 per barrel and was trading around $78.84, down $1.05, by 0950 GMT. The contract is on course for a weekly loss of...Read More

Mixed U.S. inflation signals leave investors adrift

October 26, 2018 / www.kitco.com

(Reuters) - U.S. quarterly earnings reports this month were supposed to give investors clarity about the health of Wall Street’s rally this year.Instead, profit reports and forecasts following the most recent three months are giving investors indigestion as companies send unclear messages about the rising cost of goods and labor.“I don’t understand why people are so hesitant to a...Read More

UPDATE 1-Pessimism on Italy, U.S. tech earnings push German yields to 6-week low

October 26, 2018 / www.kitco.com

* Bund yields edge lower as stock markets tank again* Money markets push back rate hike expectations to Dec 19* Italian short-dated yields higher ahead of S&P review* Euro zone inflation expectations nearly lowest in a year* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates pricing)By Abhinav RamnarayanLONDON, Oct 26 (Reuters) - German borrowing costs hit a six-week low as pess...Read More

Japan shares suffer worst weekly fall in 8 months as worry on earnings mounts

October 26, 2018 / www.kitco.com

* Nikkei, Topix post biggest weekly drop since early February* Canon falls to lowest level since Feb 2017 on forecast cut* Mazda Motor drops after media report on new NAFTA rulesBy Hideyuki Sano and Ayai TomisawaTOKYO, Oct 26 (Reuters) - Japanese shares posted their biggest weekly loss in more than eight months on growing worries over earnings of domestic firms, with camera maker Canon disappointi...Read More

Barrick Gold sees potential to expand Tier 1 assets

October 26, 2018 / www.kitco.com

TORONTO (Reuters) - Barrick Gold Corp (ABX.TO) could have nine of the world’s top gold mines in a relatively short time under its $6.1 billion acquisition of African miner Randgold Resources Ltd (RRS.L), Barrick Executive Chairman John Thornton said Thursday.Barrick and Randgold will focus on Tier 1 assets, ones that produce 500,000 ounces of gold annually, have a mine life of more than 10 y...Read More

FBI focuses on Florida in hunt for sender of package bombs

October 26, 2018 / www.kitco.com

MIAMI (Reuters) - Federal authorities investigating the pipe bombs sent to prominent Democrats and critics of U.S. President Donald Trump are focusing on Florida, where they believe at least some of 10 packages originated.A police bomb squad and canine units joined federal investigators on Thursday to examine a sprawling U.S. mail distribution center at Opa-Locka, northwest of Miami, Miami-Dade Co...Read More

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