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Graphite One's Alaska project may prove key to US defence industry - CEO

October 10, 2018 / www.mining.com

Battery minerals, in particular lithium and cobalt, have attracted lots of investors and media attention this year. But graphite, one of three naturally occurring carbons on Earth, seems to have been overlooked.The situation is about to change or so it thinks Anthony Huston, chief executive officer of Graphite One Resources (TXS-V:GPH), especially after a White House/US Department of Defence (DoD...Read More

Bitcoin Daily Chart Alert - Prices Continue To Trade Sideways In Narrow Ranges - Oct. 10

October 10, 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

Fitch Solutions has released a bearish forecast for South Africa's #mining industry, with 0.8% annual growth for th...

October 10, 2018 / twitter.com

"Fitch Solutions has released a bearish forecast for South Africa's #mining industry, with 0.8% annual growth for the next few years driven by Eskom's #coal needs ($) | https://t.co/m7nN0lldZE"Read full newsRead More

METALS-Zinc falls after nearing 3-month high on tighter supplies

October 10, 2018 / www.kitco.com

* LME zinc stocks near decade lows * Shanghai stocks at decade lows (Adds official midday prices)By Maytaal AngelLONDON, Oct 10 (Reuters) - Zinc fell on Wednesday on tradeand inflation worries, although it had earlier risen backtowards a 3-month high reached last week on shrinkinginventories and smelter cuts in China.Zinc inventories in LME-registered warehouses fell to194,575 tonnes from more tha...Read More

ALROSA September sales of rough and polished diamonds reached $338.7 million

October 10, 2018 / www.mining.com

Moscow: 10 October 2018 - ALROSA, the world's largest diamond miner, announces diamond sales results for September and nine months of 2018.In September, ALROSA Group sales of rough and polished diamonds increased by 9% yoy to $338.7 million.Rough diamond sales by value amounted to $331.6 million, polished diamond sales - $7.1 million.ALROSA's total diamond sales in January-September 2018 grew 9% y...Read More

PRECIOUS-Gold slips on rising Treasury yields, strong dollar

October 10, 2018 / www.kitco.com

* Benchmark U.S. 10-year Treasury yield edges higher * Support for gold seen at $1,180-$1,183/oz- analyst (Adds quotes, updates prices)By Sethuraman N RBENGALURU, Oct 10 (Reuters) - Gold prices eased on Wednesdayas U.S. Treasury yields surged, with further bearish influencefrom a hawkish outlook for interest rates.Spot gold fell 0.2 percent to $1,187.41 per ounce by1415 GMT. U.S. gold futures were...Read More

What's Different About This Rare Small-Cap Signal

October 10, 2018 / www.schaeffersresearch.com

A buying opportunity may be flashing for small-cap IWM stocks.The small-cap iShares Russell 2000 ETF (IWM) has fallen nearly 7% off its recent highs. The Relative Strength Indicator (RSI), which is a popular technical analysis tool, is now signaling that IWM is oversold. These popular indicators don't often hold up to scrutiny when you look at historical results. That's what I'm going to do here w...Read More

Indian shares gain more than 1 percent as rupee recovers

October 10, 2018 / www.kitco.com

* NSE index up 1.5 pct; BSE index up 1.4 pct * Eight stocks in Nifty50 fall * IT stocks falterOct 10 (Reuters) - Indian equities ended more than 1 percenthigher on Wednesday with shares of non-banking financialcompanies staging a recovery, while IT stocks closed lower asthe rupee strengthened against the U.S. dollar.The benchmark BSE index closed up 1.35 percent at34,760.89.The broader NSE index e...Read More

INSIGHT-Italy coalition eyes alternatives to economy minister Tria

October 10, 2018 / www.kitco.com

* Tria overruled by party bosses on fiscal deficit target * Tria spokeswoman denies he plans to quit in January * League deputy econ minister cited as possible replacement * Investors sell bonds as budget tensions mount withBrusselsBy Gavin Jones and Giuseppe FonteROME, Oct 10 (Reuters) - When a senior representative ofItaly's ruling coalition met international investors over dinnerlast week he wa...Read More

Silver holds 1420 but below 1415 retests the September low at 1397/90

October 10, 2018 / www.fxstreet.com

Gold & Silver Spot Gold still in a 2 month sideways trend as we bounce back to 1191/92. Resistance at 1194/95 is key to direction but a break higher targets 1197/98. Above look for 1200/01 before important resistance at 1206/08.Below minor support at 1188/87 retests 1184/83 before the September low at 1180. A break lower targets 1176.75 & 1172/71. Silver holds 1420 but below 1415 retests t...Read More

Euro zone growth will persist even if risks are on the rise - ECB's Mersch

October 10, 2018 / www.kitco.com

FRANKFURT, Oct 10 (Reuters) - Risks to euro zone growth areon the rise but the currency bloc will continue to expandslightly above what is considered its natural potential,European Central Bank board member Yves Mersch said onWednesday."While risks to growth remain broadly balanced, thoserelated to global factors, including the threat of increasedprotectionism, the finalisation of the Brexit...Read More

October 10, 2018 / www.fxempire.com

Christopher Lewis21 hours agoGold markets continue to be very noisy, moving basically upon the US dollar and its movement. I think at this point, it’s likely that we continue to see buyers on these dips, and I think that the $1185 level should continue to be important. If we can break above the $1195 level, then that should open the door to the $1200 level next. In general, I believe that t...Read More

RNC Minerals recovers giant gold slab from its mine in Australia

October 10, 2018 / www.mining.com

Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, has recovered the first specimen.The Toronto-based miner said the slab, weighing about 90kg, was cut in the field, revealing impressive visible gold and quartz structures. It's estimated that the stone, which will be divided up...Read More

RNC Minerals recovers giant gold slab from its mine in Australia

October 10, 2018 / www.mining.com

Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, has recovered the first specimen.The Toronto-based miner said the slab, weighing about 90kg, was cut in the field, revealing impressive visible gold and quartz structures. It's estimated that the stone, which will be divided up...Read More

RNC Minerals recovers giant gold slab from its mine in Australia

October 10, 2018 / www.mining.com

Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, has recovered the first specimen.The Toronto-based miner said the slab, weighing about 90kg, was cut in the field, revealing impressive visible gold and quartz structures. It's estimated that the stone, which will be divided up...Read More

RNC Minerals recovers giant gold slab from its mine in Australia

October 10, 2018 / www.mining.com

Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, has recovered the first specimen.The Toronto-based miner said the slab, weighing about 90kg, was cut in the field, revealing impressive visible gold and quartz structures. It's estimated that the stone, which will be divided up...Read More

Gold edges up as dollar slips, global stocks sag

October 10, 2018 / www.cnbc.com

Global equities slide to 3-month lowsDollar retreats from seven-week highPublished 21 Hours AgoUpdated4 Hours AgoReuters Gold prices inched up on Wednesday as some investors sought refuge in the metal after the dollar weakened and global stocks tumbled on the back of rising bond yields.Spot gold edged 0.1 percent higher to $1,189.73 per ounce. U.S. gold futures gained 0.1 percent at $1,192.90 an o...Read More

Yuan firms as dollar takes breather, but outlook still weak

October 10, 2018 / www.kitco.com

SHANGHAI, Oct 10 (Reuters) - China's yuan firmed against thedollar on Wednesday as a rally in the greenback paused and asBeijing reiterated it will not use its currency as a tool in thetrade dispute with Washington.All the same, analysts expect the yuan to trend lower overthe longer run on economic slowdown fears, with current andformer central bank officials downplaying the significance ofthe cur...Read More

BHP aims to restart Olympic Dam copper facility this month

October 10, 2018 / www.mining.com

BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday."The expectation remains that we'll have that back up and running this month," Mike Henry, president of operations, minerals Australia, said in an intervi...Read More

BHP aims to restart Olympic Dam copper facility this month

October 10, 2018 / www.mining.com

BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday."The expectation remains that we'll have that back up and running this month," Mike Henry, president of operations, minerals Australia, said in an intervi...Read More

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