DUBAI/ISTANBUL (Reuters) - Saudi Arabia’s public prosecutor said on Thursday the murder of journalist Jamal Khashoggi in the kingdom’s Istanbul consulate this month was premeditated, reversing previous official statements that the killing was unintended.The death of Khashoggi, a Washington Post columnist and critic of de facto Saudi ruler Crown Prince Mohammed bin Salman, has sparked g...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
Thursday gold was relatively flat, but the miners got crushed. For some reason, the gold bears decided to sell the miners like they were going to zero. Once again, it looks like the aggressive selling was a huge mistake. None of the miners were safe, with most falling 5% to 10%. It appeared that the sellers were chasing the short-covering dead-cat bounce in equities. In the pre-market this morning...Read More
Thursday gold was relativelyflat, but the miners got crushed. For some reason, the gold bears decided tosell the miners like they were going to zero. Once again, it looks like theaggressive selling was a huge mistake.None of the miners were safe,with most falling 5% to 10%. It appeared that the sellers were chasing theshort-covering dead-cat bounce in equities. In the pre-market this morning, them...Read More
(Kitco News)- Yamana Gold Inc. (TSX: YRI; NYSE: AUY) late Thursday reported a dip inits third-quarter profit but hiked guidance for gold and copper production infull-year 2018.The company also announced an agreement to sell itsinterest in the Gualcamayo mine in Argentina to Colombia-based Mineros S.A.Excluding specialitems, adjusted earnings were $23.6 million, or 2 cents per share, compared to$29...Read More
(Kitco News) - Yamana Gold Inc. (TSX: YRI; NYSE: AUY) late Thursday reported a dip in its third-quarter profit but hiked guidance for gold and copper production in full-year 2018.The company also announced an agreement to sell its interest in the Gualcamayo mine in Argentina to Colombia-based Mineros S.A.Excluding special items, adjusted earnings were $23.6 million, or 2 cents per share, compared...Read More
(Kitco News)- SocieteGenerale is “cautiously bullish” on gold prices, looking for the metal toaverage $1,250 an ounce in the fourth quarter and $1,275 in the first quarterand for all of 2019.Thebank released an updated forecast Thursday ahead of next week’s gathering ofthe London Bullion Market Association. The bank said its outlook has notchanged materially since the one issued...Read More
(Kitco News) - Societe Generale is “cautiously bullish” on gold prices, looking for the metal to average $1,250 an ounce in the fourth quarter and $1,275 in the first quarter and for all of 2019.The bank released an updated forecast Thursday ahead of next week’s gathering of the London Bullion Market Association. The bank said its outlook has not changed materially since the one...Read More
SASKATCHEWAN - Star Diamond Corp. (TSX: DIAM), formerly Shore Gold, has received approval for the Star-Orion South diamond project from the provincial Minister of environment. The project is located near Fort a la Corne, in the central part of the province.The federal environment assessment agency announced its positive decision in December 2014. Additional permit approvals from the provincial a...Read More
SASKATCHEWAN - Star Diamond Corp. (TSX: DIAM), formerly Shore Gold, has received approval for the Star-Orion South diamond project from the provincial Minister of environment. The project is located near Fort a la Corne, in the central part of the province.The federal environment assessment agency announced its positive decision in December 2014. Additional permit approvals from the provincial a...Read More
Marlin Gold Mining (TSX-V: MLN) issued a media statement today saying that as a result of heavy rainfall caused by Hurricane Willa, which made landfall on Mexico's Pacific coast as a Category 3 on Oct. 23, a significant amount of water has accumulated inside one of the pits at its La Trinidad gold mine located in the northwestern state of Sinaloa, 42 kms southeast of Rosario.Marlin Gold explained...Read More
Marlin Gold Mining (TSX-V: MLN) issued a media statement today saying that as a result of heavy rainfall caused by Hurricane Willa, which made landfall on Mexico's Pacific coast as a Category 3 on Oct. 23, a significant amount of water has accumulated inside one of the pits at its La Trinidad gold mine located in the northwestern state of Sinaloa, 42 kms southeast of Rosario.Marlin Gold explained...Read More
A top Chilean court decided not to hear a lawsuit that sought to block China's Tianqi from acquiring Nutrien's (TSX:NTR) stake in the world's No. 2 lithium miner SQM, clearing the way for the biggest-ever deal in an industry that supplies the growing electric-vehicle market.The Constitutional Court said Thursday a complaint brought by companies owned by Julio Ponce, the Chilean miner's top shareho...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Lupaka Gold (TSXV: LPK) denounced today that operations its Invicta Gold Development Project, which is located some 120 kilometres north of the Peruvian capital, have been impacted by an ongoing demonstration organized by a group of residents of the nearby community of Paran.According to the Canadian miner, the protesters have blockaded the access road directly outside of the main gate of the mine...Read More
Meet the innovative company crushing the competition.Nothing's hotter than this stock right now.Professional sports franchises and celebrities across the globe are pumped about it. Even Justin Bieber and his group are excited. The next wave of giant sportswear companies is going to be based on this new "tech" apparel industry and its potential to reshape both the apparel and technological landscap...Read More
Lupaka Gold (TSXV: LPK) denounced today that operations its Invicta Gold Development Project, which is located some 120 kilometres north of the Peruvian capital, have been impacted by an ongoing demonstration organized by a group of residents of the nearby community of Paran.According to the Canadian miner, the protesters have blockaded the access road directly outside of the main gate of the mine...Read More
Lupaka Gold (TSXV: LPK) denounced today that operations its Invicta Gold Development Project, which is located some 120 kilometres north of the Peruvian capital, have been impacted by an ongoing demonstration organized by a group of residents of the nearby community of Paran.According to the Canadian miner, the protesters have blockaded the access road directly outside of the main gate of the mine...Read More
* LME copper stocks at lowest in nearly 13 years * Global equities head for worst week in more than 5 years * Nickel hits lowest since Dec, aluminium lowest since lastAugust (Adds closing prices, details)By Maytaal AngelLONDON, Oct 26 (Reuters) - Copper fell 1 percent on Fridayas global equities headed for their worst week in more than fiveyears, overshadowing a supply shortage of the metal buildi...Read More