LONDON (Reuters) - Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico due to Hurricane Michael.Benchmark Brent crude jumped $1.13 a barrel to a high of $85.04 before easing back to trade at $84.71, up 80 cents, by 1030 GMT. Brent hit a four-y...Read More
ROME (Reuters) - Italy’s Deputy Prime Minister Matteo Salvini said on Tuesday that the government would not change its plan to increase deficit spending next year because it would curb the country’s unemployment while spurring the national income.“We go ahead calm and responsible. There are no plan B or backtracks. We are convinced that the planned budget measures will create job...Read More
* Italian 30-yr tops 4 pct for first time in 4 years* Italy/Germany bond yield spread widest since 2013* Tria’s speech fails to stem selling* Investors focus on clash with EU over budget (Updates pricing, adds quotes and background)By Virginia Furness, Dhara Ranasinghe and Abhinav RamnarayanLONDON, Oct 9 (Reuters) - Italian government bond yields rose to new highs on Tuesday after Economy Mi...Read More
Mr. Joseph Campbell reportsTERRAX COMPLETES HIGH RESOLUTION AIRBORNE MAGNETIC AND RADIOMETRIC AND LIDAR SURVEYS OVER THE QUYTA-BELL PROPERTYTerrax Minerals Inc. has completed a helicopter-borne high-resolution magnetic and radiometric survey over the Quyta-Bell property of the Yellowknife City gold project (YCGP). This 6,409-line-kilometre survey was completed by Precision GeoSurveys Inc. of Langl...Read More
Mr. Joseph Campbell reportsTERRAX COMPLETES HIGH RESOLUTION AIRBORNE MAGNETIC AND RADIOMETRIC AND LIDAR SURVEYS OVER THE QUYTA-BELL PROPERTYTerrax Minerals Inc. has completed a helicopter-borne high-resolution magnetic and radiometric survey over the Quyta-Bell property of the Yellowknife City gold project (YCGP). This 6,409-line-kilometre survey was completed by Precision GeoSurveys Inc. of Langl...Read More
(Kitco News) - Gold and silver prices are steady to modestly up in early U.S. trading Tuesday. Someshort covering in the futures markets and bottom-fishing in the cash marketsare featured in both metals today, following Monday's solid losses. Thesafe-haven metals are so far seeing little benefit from an uptick in riskaversion early this week. December gold futures were last up $1.70 an ounce a...Read More
Metals have appeared to have bottomed out and the selling problem looks to have halted. As we have heard in the past, the first step to curing a problem is admitting you have one. Gold and silver look to have made it through step one. Now that the hedge funds have poured tons of resources into shorting gold, it's only a matter of time before the big breakout to the upside begins. Yes, the metals a...Read More
Metals have appeared to havebottomed out and the selling problem looks to have halted. As we have heard inthe past, the first step to curing a problem is admitting you have one. Gold and silver look to have made it through step one.Now that the hedge funds havepoured tons of resources into shorting gold, it's only a matter of time beforethe big breakout to the upside begins. Yes, the metals are st...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
Mr. Dan Stuart reportsJUGGERNAUT DRILLS 35.35 METERS OF 0.56 GRAMS PER TONNE GOLD EQUIVALENT ON MIDASJuggernaut Exploration Ltd.'s exploratory drilling on the 100-per-cent-controlled Midas property has confirmed widespread near-surface polymetallic gold mineralization in multiple drill holes targeting newly discovered zones. The drilling confirmed mineralization seen at surface continues to depth...Read More
Mr. Dan Stuart reportsJUGGERNAUT DRILLS 35.35 METERS OF 0.56 GRAMS PER TONNE GOLD EQUIVALENT ON MIDASJuggernaut Exploration Ltd.'s exploratory drilling on the 100-per-cent-controlled Midas property has confirmed widespread near-surface polymetallic gold mineralization in multiple drill holes targeting newly discovered zones. The drilling confirmed mineralization seen at surface continues to depth...Read More
Mr. Anthony Makuch reports KIRKLAND LAKE GOLD ANNOUNCES RECORD QUARTERLY GOLD PRODUCTION IN Q3 2018Kirkland Lake Gold Ltd. had record quarterly gold production of 180,155 ounces for the third quarter of 2018. Production in the third quarter of 2018 exceeded target levels for the quarter driven by record quarterly production from Fosterville of 90,618 ounces as well as from the company's Canadian o...Read More
Mr. Anthony Makuch reports KIRKLAND LAKE GOLD ANNOUNCES RECORD QUARTERLY GOLD PRODUCTION IN Q3 2018Kirkland Lake Gold Ltd. had record quarterly gold production of 180,155 ounces for the third quarter of 2018. Production in the third quarter of 2018 exceeded target levels for the quarter driven by record quarterly production from Fosterville of 90,618 ounces as well as from the company's Canadian o...Read More
Mr. Peeyush Varshney reportsZINCX RESOURCES CORP. TO HOST INVESTOR CALLFollowing the release of Zincx Resources Corp.'s positive preliminary economic assessment (PEA) of the Cardiac Creek (Akie property) zinc-lead-silver deposit, interest in the company and its projects has increased significantly. Peeyush Varshney, chief executive officer of Zincx Resources, commented: "The positive results outli...Read More
Mr. Peeyush Varshney reportsZINCX RESOURCES CORP. TO HOST INVESTOR CALLFollowing the release of Zincx Resources Corp.'s positive preliminary economic assessment (PEA) of the Cardiac Creek (Akie property) zinc-lead-silver deposit, interest in the company and its projects has increased significantly. Peeyush Varshney, chief executive officer of Zincx Resources, commented: "The positive results outli...Read More
Gold dropped 1.3 percent yesterday, boosting the odds of a downside break below key support of $1,180. As of writing, the yellow metal is trading at $1,189, representing a 0.10 percent gain on the day. Daily chart As can be seen, $1,208 - 23.6 percent Fibonacci retracement of April-August sell-off - proved a tough nut to crack in the last 5.5 weeks. Further, the 50-day exponential moving average...Read More
* IMF cuts global economic growth forecasts for 2018, 2019 * Spot gold may end its weak bounce below $1,193/oz-technicals(Updates prices, adds comment)By Arpan VargheseBENGALURU, Oct 9 (Reuters) - Gold prices eased for a secondsession on Tuesday as a stronger dollar and bullish U.S.interest rate outlook outweighed support from an earlier equitysell-off. Spot gold was down 0.1 percent at $1,186.79...Read More
Thailand, which ordered the shutdown of all gold mining and exploration activities in 2016, will have to deal with the fact the country will continue to be a regional mining underperformer, as it will lose both tax revenue and investors, a new report says.Thailand's military regime's decision to halt gold mining indefinitely followed a long-standing conflict between Akara Resources and villagers...Read More
Thailand, which ordered the shutdown of all gold mining and exploration activities in 2016, will have to deal with the fact the country will continue to be a regional mining underperformer, as it will lose both tax revenue and investors, a new report says.Thailand's military regime's decision to halt gold mining indefinitely followed a long-standing conflict between Akara Resources and villagers...Read More