Mr. Peter Tallman reportsKLONDIKE GOLD LONE STAR ZONE ASSAYS 0.72 G/T AU OVER 92.3 METRES INCLUDING 10.0 G/T AU OVER 4.6 METRESKlondike Gold Corp. has provided assays from a further six drill holes at the Lone Star zone, and results from four holes in the Gold Run Creek area at the company's wholly owned Klondike district property, Yukon territory. A total of 87 holes (9,511.93 metres) were drille...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD LONE STAR ZONE ASSAYS 0.72 G/T AU OVER 92.3 METRES INCLUDING 10.0 G/T AU OVER 4.6 METRESKlondike Gold Corp. has provided assays from a further six drill holes at the Lone Star zone, and results from four holes in the Gold Run Creek area at the company's wholly owned Klondike district property, Yukon territory. A total of 87 holes (9,511.93 metres) were drille...Read More
Buyers may be hesitant due to rising bond yieldsDow Jones Industrial Average (DJI) futures are signaling a pullback for stocks, trading well below fair value despite more upbeat jobs data. Weekly jobless claims fell to a nearly 49-year low, with unemployment claims coming in at 207,000, compared to estimates of 213,000. What's more, this bodes well for tomorrow's closely watched nonfarm payrolls r...Read More
• Risk-off mood/modest USD retracement helped regain some positive traction. • Surging US bond yields might continue to keep a lid on any meaningful up-move. Gold caught some fresh bids on Thursday and recovered a part of the previous session's corrective slide from 1-1/2 week tops, albeit lacked any strong follow-through. A combination of support...Read More
Despite calls for increased transparency along the cobalt supply chain to avoid alleged human rights violations in the Democratic Republic of Congo, the activity continues to escalate, with as many as 100,000 diggers, sorters and washers believed to be involved in the trade.Cobalt, a by-product of copper or nickel, is used to make lithium-ion batteries found that power smartphones and electric car...Read More
Geopolitical risks, such as thosesurrounding Italy, could trigger a short-covering rally in gold, says StandardChartered. Prices rose sharply Tuesday, helped by Italy’s fiscal and politicalissues, before falling back around $1,200 again on Wednesday. Still, Tuesday’srally shows that gold “remains on investors’ radar” during times of uncertaingeopolitical developments,...Read More
HONG KONG, Oct 4 (Reuters) - China is testing global investors’ appetites with plans for a rare sovereign bond issue this month even as U.S. tariffs threaten to put more pressure on its slowing economy.The $3 billion deal would be only the third U.S.-dollar denominated issuance by China in the last 14 years. It returned to global markets in October last year for the first time since 2004.The...Read More
Despite calls for increased transparency along the cobalt supply chain to avoid alleged human rights violations in the Democratic Republic of Congo, the activity continues to escalate, with as many as 100,000 diggers, sorters and washers believed to be involved in the trade.Cobalt, a by-product of copper or nickel, is used to make lithium-ion batteries found that power smartphones and electric car...Read More
Geopolitical risks, such as those surrounding Italy, could trigger a short-covering rally in gold, says Standard Chartered. Prices rose sharply Tuesday, helped by Italy’s fiscal and political issues, before falling back around $1,200 again on Wednesday. Still, Tuesday’s rally shows that gold “remains on investors’ radar” during times of uncertain geopolitical developm...Read More
Silver climbed 3% this week surging to $14.90 to hit a 1- month high whilst Gold climbed back to $1208 on Tuesday. However the metals remain under pressure as the U.S Dollar hit 6-weeks highs on Wednesday after Federal Reserve Chairman Jerome Powell stated that the U.S. economy is "remarkably positive" and spoke of the need to continue raising interest rates. Where are metal prices...Read More
ZURICH/HONG KONG (Reuters) - The performance of big wealth managers may take hit as a trade war between the United States and China hurts business in major growth market Asia, bankers said.UBS (UBSG.S), Citi (C.N), Credit Suisse (CSGN.S), HSBC (HSBA.L), Julius Baer (BAER.S) and Deutsche Bank (DBKGn.DE) have relied on Asia to power private banking revenues.But investors there are shying away from r...Read More
HELSINKI (Reuters) - The need for the European Central Bank to give financial markets an extended guidance on future interest rate moves will diminish once inflation bounces back enough, ECB policymaker Olli Rehn said on Thursday.The comments suggest that the debate about the ECB’s guidance remains open after board members Benoit Coeure and Peter Praet both argued recently that the bank ma...Read More
(Kitco News) - Gold ticked up even though the U.S. Labor Department reported that the initial weekly jobless claims neared 49-year lows by dropping to 207,000 in the week to Saturday, beating expectations. Market consensus called for initial claims to decline to 211,000 from the upwardly revised 215,000. In an initial reaction to the weekly jobless claims data, December Comex gold futures edged up...Read More
(Kitco News) - Gold ticked up even though the U.S. Labor Department reported that the initial weekly jobless claims neared 49-year lows by dropping to 207,000 in the week to Saturday, beating expectations. Market consensus called for initial claims to decline to 211,000 from the upwardly revised 215,000. In an initial reaction to the weekly jobless claims data, December Comex gold futures edged up...Read More
(Kitco News) - Gold pricesare modestly higher in early U.S. trading Thursday, global stock markets wereweaker overnight, suggesting a bit of risk aversion present in the marketplace.December gold futures were last up $1.70 an ounce at $1,204.60. December Comex silver was last up $0.04 at $14.71 an ounce. Worldstock markets are pressured by rising world government bond yields andcontinued strong-gr...Read More
Uranium Energy Corp Closes $20 Million Public OfferingCanada NewsWireCORPUS CHRISTI, TX, Oct. 4, 2018Read More
Alacer Gold Corp. (TSX: ASR; ASX: AQG) reports third-quarter gold production of26,160 ounces from the ????pler Gold Mine in Turkey. “The company expects to meetthe lower end of the full-year consolidated production guidance of 160,000 to230,000 ounces,” Alacer says. Alacer is 80% owner of the ????pler Gold Mine.By Allen Sykoraof Kitco News; asykora@kitco.com Coeur Mining Completes...Read More
Uranium Energy Corp Closes $20 Million Public OfferingCanada NewsWireCORPUS CHRISTI, TX, Oct. 4, 2018Read More
Alacer Gold Corp. (TSX: ASR; ASX: AQG) reports third-quarter gold production of 26,160 ounces from the ????pler Gold Mine in Turkey. “The company expects to meet the lower end of the full-year consolidated production guidance of 160,000 to 230,000 ounces,” Alacer says. Alacer is 80% owner of the ????pler Gold Mine.By Allen Sykora of Kitco News; asykora@kitco.com Coeur Mining Compl...Read More
LONDON (Reuters) - Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production boost from Saudi Arabia and Russia.Brent crude oil futures LCOc1 were down 19 cents at $86.10 a barrel by 1133 GMT, having risen to a late 2014 high of $86.74 the day before. U.S. crude futures CLc1 fell 17 ce...Read More