Recent News

Canada's Rusoro Mining reaches $1.3B deal with Venezuela

October 12, 2018 / www.mining.com

Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More

Germany says it will only assess Italy's budget once Rome presents it to EU

October 12, 2018 / www.kitco.com

BERLIN, Oct 12 (Reuters) - The German government will onlyassess Italy's budget plans once Rome has submitted them toBrussels, a spokeswoman for the German Finance Ministry said onFriday.The Italian government has already issued the financialtargets that will provide the framework for its budget, drawingfire from the European Commission for plans to triple theprevious fiscal deficit goal for 2019....Read More

UPDATE 1-G20 fails to mend trade rift, chair urges protagonists to resolve disputes

October 12, 2018 / www.kitco.com

* G20 can only provide platform for talks on trade -chairman * Adds members must resolve trade frictions themselves * Japan wants to put global imbalance on next year's G20agenda (Adds quotes, detail)By Leika Kihara and Yawen ChenNUSA DUA, Indonesia, Oct 12 (Reuters) - Trade tensionswithin the Group of 20 leading industrialised and emergingeconomies could only be solved by the countries directlyin...Read More

Russian rouble up thanks to high oil prices and weaker dollar

October 12, 2018 / www.kitco.com

MOSCOW, Oct 12 (Reuters) - The Russian rouble firmed to itsten day high supported by a recovery in oil prices and weakerU.S. dollar that was pressed by declining U.S. treasury yieldsand a sell-off on the global markets.At 0756 GMT, the rouble was 0.46 percent stronger againstthe dollar at 65.96 , hitting its highest levelsince Oct. 3 at 65.85, and had gained 0.41 percent to trade at76.50 versus th...Read More

Temporary period needed between Brexit transition and long-term deal- UK's Hammond

October 12, 2018 / www.kitco.com

LONDON, Oct 12 (Reuters) - Britain will need a period ofcontinuity after the Brexit transition ends and before along-term partnership negotiated between London and Brusselscomes into force, Britain's finance minister said on Friday."We're not going to remain in anything indefinitely," PhilipHammond told Bloomberg Television on the sidelines of anInternational Monetary Fund meeting in Bal...Read More

Lynas jumps after its critic in Malaysian Gov't leaves review team

October 12, 2018 / www.mining.com

Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More

Lynas jumps after its critic in Malaysian Gov't leaves review team

October 12, 2018 / www.mining.com

Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More

October 12, 2018 / www.fxempire.com

Christopher Lewis22 hours agoSilver markets were extraordinarily bullish during the trading session on Thursday, as we reached towards the $14.50 level. That’s an area that of course will offer a lot of support and resistance, as we had sold off from that area rather drastically, but we had a little bit of a pullback only to turn around and slam back into it. If we can clear the impulsive c...Read More

South African rand firmer ahead of Moody's rating decision

October 12, 2018 / www.kitco.com

JOHANNESBURG, Oct 12 (Reuters) - The South African randfirmed against the globally hobbled dollar early on Friday aheadof the country's credit review announcement by ratings agencyMoody's later in the day.* The rand was 0.85 percent stronger at 14.5100 perdollar at 0650 GMT, having closed in New York at 14.6350. * The rand is expected to trade between 14.3500 and 14.7000to thedollar on Friday, NKC...Read More

Gold backs off from 10-week high, 100-day EMA is the level to beat for the bulls

October 12, 2018 / www.fxstreet.com

Gold is flashing red in Asia, possibly due to an uptick in the US equity index futures. The oversold safe haven found love this week as the sell-off in the US equities triggered a flight to safety. Technically speaking, the metal's bull breakout would gain more credence above the 100-day exponential moving average (EMA). Gold is losing altitude in Asia, having clocked a ten-week high of...Read More

Forget Russia: Could This Hurt the GOP in November?

October 12, 2018 / www.schaeffersresearch.com

Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More

5 Questions With Peter Mackay, President and CEO of Venzee

October 12, 2018 / kincommunications.com

Venzee Technologies (VENZ:TSXv) has recently announced another channel partnership. And as Company continues to execute these technology partnerships I thought it was important to sit down with Peter Mackay, President of Venzee, to discuss who their channel partners are and what Venzee does to enhance the existing digital supply chain software. The digital supply chain is an enormous business and...Read More

IMF: too many euro zone countries not using good times to cut debt

October 12, 2018 / www.kitco.com

NUSA DUA, Indonesia, Oct 12 (Reuters) - Too many euro zonecountries are missing the opportunity to reduce debt now, wheneconomic growth is good, to prepare for the next economicdownturn, the head of the International Monetary Fund's Europeandepartment Poul Thomsen said."Fiscal policy has been insufficiently counter-cyclical,"Thomsen told a news conference at the IMF's annual meetings inB...Read More

Yuan weakens vs dollar as China's booming exports add to trade war worries

October 12, 2018 / www.kitco.com

SHANGHAI/HONG KONG, Oct 12 (Reuters) - China's onshore yuancurrency weakened against the dollar on Friday morning asunexpectedly strong China exports data renewed anxiety over theSino-U.S. trade war.The weakness followed a jump in late trading on Thursday,spurred by news that Washington will not accuse Beijing ofcurrency manipulation - seen as a sign of easing tensions. The People's Bank of China...Read More

UPDATE 1-China Sept copper imports jump on scrap crackdown, open arb window

October 12, 2018 / www.kitco.com

* China's Sept unwrought copper imports at 521,000 T-customs * Open arbitrage to send metal to China swells shipments-analyst * Copper concs imports at new record high of 1.93 mln T (Adds background, analyst quote)By Tom DalyBEIJING, Oct 12 (Reuters) - China's unwrought copper importssurged to their highest in 2-1/2 years in September, whilecopper concentrate imports climbed an all-time high as th...Read More

Kevin's corner live

October 12, 2018 / www.youtube.com

Please check out myt-shirts and support by purchasing https://shop.spreadshirt.com/kevinsco...Follow me on Twitter https://twitter.com/kevinellerbe32Minorities for Trump on Facebook:https://www.facebook.com/groups/13615...FaceBook https://www.facebook.com/senseoutofno...Read More

Is Barrick Gold Corp. (TSX:ABX) Stock a Top Buy Right Now?

October 12, 2018 / www.fool.ca

Gold is suddenly back in favour and investors are wondering if the recent surge is the start of a new extended bull market.Let's take a look at the current situation and see if this is the time to buy Barrick Gold (TSX:ABX)(NYSE:ABX), the world's largest producer.Fear tradeGold is back in vogue, as investors dump high-flying stocks and rush into safe-haven alternatives. Gold's appeal as a place to...Read More

Risky Market Round-Up: 3 Fun Ways to (Probably) Lose Money on the TSX Index

October 12, 2018 / www.fool.ca

Three attractive industries; one somewhat bemused stock market: these are three of the riskiest ways to invest in the TSX index. Which do you hold positions in, and which have caught your eye lately?Legal Canadian potTo get behind a weed bears' tongue-in-cheek phrase, the pot-com bust is almost certainly about to happen - and very, very soon. As of October 17, disappointment with lower-than-expect...Read More

Core Exploration boosts Napperby uranium deposit

October 12, 2018 / tinyurl.com

Core Exploration Ltd (ASX:CXO) has upgraded the JORC resource estimate for its 100% owned Napperby Uranium Deposit in the Northern Territory.The new estimate of 9.54 million tonnes at 382 ppm U3O8 for 8.03 million pounds of U3O8 is an increase in both grade and contained U3O8.Notably, the Napperby deposit also includes significant vanadium mineralisation of 9.54 million tonnes at 236 ppm vanadium...Read More

A Crash but maybe not The Crash

October 12, 2018 / www.321gold.com

Bob Moriarty ArchivesOct 12, 2018I was looking for a gold and resource shares rally starting in the Jun/July timeframe followed by a Sept/Oct crash in the general market. I suggested investors cash up in the rally with anticipation of picking up some low hanging fruit in the crash.The price of gold hit a low on August 15th as the DSI touched a low of only 6 for gold and 7 for silver marking an ext...Read More

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