Recent News

Gold Sees More Profit-Taking Amid Firmer Greenback

March 28, 2018 / www.kitco.com

(Kitco News) - Gold aremoderately lower in early U.S. trading Wednesday, on some more normal profittaking from recent good gains that saw prices hit a five-week high Tuesday. Arebound in the U.S. dollar index at mid-week is also a negative for theprecious metals markets. April Comex gold futures were last down $8.30 an ounceat $1,333.70. May Comex silver was last down $0.141 at $16.40 an ounce.Wor...Read More

China's premier pledges market opening in bid to avert U.S. trade war

March 28, 2018 / www.kitco.com

BEIJING (Reuters) - Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.Li told a conference that included global chief executives that China would treat foreign and domestic firms equally, would not force foreign firms to transfer technology and would st...Read More

China preparing list of retaliatory tariffs on U.S. imports: Global Times

March 28, 2018 / www.kitco.com

BEIJING (Reuters) - China will soon announce a list of retaliatory tariffs on United States exports to China to counter an expected announcement from the United States of proposed new tariffs on Chinese imports, the Global Times said Wednesday.The Chinese list will target a large number of major U.S. imports to China, said the English-language editorial.The widely-read state run Global Times is ru...Read More

Gold Headed Back To Support

March 28, 2018 / www.kitco.com

Last week’s great rally in gold is just a memory as gold heads back down to its support level. The excitement from gold heading higher every day last week has now turned into the fear that it may go back to the lower end of the range.Gold was lower on Tuesday and is lower again overnight into Wednesday morning. The congestion period is always the toughest for traders, as the markets have a l...Read More

Are We Ahead Of A Major Breakout In Gold Prices?

March 28, 2018 / seekingalpha.com

Despite gold trading very close to its cyclical top, the gold and silver markets are driven by smaller or bigger pessimism now.Very often such conditions result in a major price breakout.My thesis is additionally supported by US treasuries.US dollar may be a challenge to my theory but, as I discuss it below, this threat is deferred.I am pretty sure that the highly volatile US stock market makes ma...Read More

Surprising Stats on Big Weekly Stock Swings

March 28, 2018 / www.schaeffersresearch.com

The S&P 500 Index has gained or lost at least 2% in eight of the past 10 weeksA couple things happened this week that caught my eye. I noticed the weekly returns of the S&P 500 Index (SPX) were moving up or down significantly, and I found the 10-week average absolute return was moving above 3% for the first time since 2011. Also, it has been an eventful last few days. Last Friday, the S&P 500 fell...Read More

Sibanye-Stillwater partners with Wits to create the 'mine of the future'

March 28, 2018 / www.mining.com

In a technology-focused partnership that will help make mines safer and more productive, Sibanye-Stillwater and the Wits Mining Institute (WMI) at the University of the Witwatersrand, today launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities now inclu...Read More

Sibanye-Stillwater partners with Wits to create the 'mine of the future'

March 28, 2018 / www.mining.com

In a technology-focused partnership that will help make mines safer and more productive, Sibanye-Stillwater and the Wits Mining Institute (WMI) at the University of the Witwatersrand, today launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities now inclu...Read More

Was Marlin Gold Mining Ltd's (CVE:MLN) Earnings Growth Better Than The Industry's?

March 28, 2018 / dlvr.it

Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. Below, I will assess Marlin Gold Mining Ltd's (TSXV:MLN) track record onRead More...Read full newsRead More

Is This Unique Gold & Silver Mining Company Just Getting Started?

March 28, 2018 / dlvr.it

Wheaton Precious Metals Inc. (TSX:WPM)(NYSE:WPM) has a unique and exciting business model that allows it to reward investors with relatively low risk and a variable dividend.Read full newsRead More

Gold created bearish outside day candle, is the rally over?

March 28, 2018 / www.fxstreet.com

Tuesday's price action engulfed Monday's high-low (bearish outside day candle).  Gold's decline could be short-lived as markets have a hard time trusting Fed's hawkish dot plot.  Gold (XAU/USD) created a bearish outside day candle on Tuesday, signaling the rally from the March 20 low of $1,307 may have run out of steam. The metal dropped to $1,330 yesterday as the...Read More

DRDGold okays Sibanye-Stillwater $110 million-assets exchange deal

March 28, 2018 / www.mining.com

South African DRDGold approved Wednesday a deal proposed by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) to exchange some its assets for a 38% stake in the mid-tier gold miner.The transaction, valued at R1.3 billion (roughly $110 million at today's rates), also gives Sibanye the option to buy another 12.1% of DRDGold shares - enough to give it control of the firm.The assets the precious metals produc...Read More

DRDGold okays Sibanye-Stillwater $110 million-assets exchange deal

March 28, 2018 / www.mining.com

South African DRDGold approved Wednesday a deal proposed by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) to exchange some its assets for a 38% stake in the mid-tier gold miner.The transaction, valued at R1.3 billion (roughly $110 million at today's rates), also gives Sibanye the option to buy another 12.1% of DRDGold shares - enough to give it control of the firm.The assets the precious metals produc...Read More

Japan's JXTG raises profit forecast despite $1.2bn charge

March 28, 2018 / www.mining.com

Japan's JXTG Holdings Inc on Wednesday raised its net profit forecast by about 12 percent for the ongoing fiscal year despite an impairment loss of 125 billion yen ($1.2 billion) at its Caserones copper mine in Chile due to higher production costs.The Japanese energy and metals company said annual net profit for the year ending March 31 would touch 335 billion yen, against an earlier estimate of 3...Read More

Three reasons gold will climb to $1,500 this year

March 28, 2018 / www.marketwatch.com

Gold prices could jump to $1,500 an ounce this year, a level they haven't seen since 2013, according to Frank Holmes, chief executive officer of U.S. Global Investors. That would mark a roughly 11% rise from the current price, as April gold futures GCJ8, +0.06% traded under $1,345 on Tuesday. Despite pressure from the rally in global stocks and massive cryptocurrency speculation, gold futures ha...Read More

How resource companies are using the blockchain

March 28, 2018 / www.mining.com

Adapted from white paper by SAPAccording to Harvard Business Review (HBR 2017), billions of dollars are being invested in blockchain technology, and some of the smartest people on the planet are engaged in understanding how this technology can reinvent organizations and industries. A report from PriceWaterhouse Coopers (PwC 2017) has named blockchain as a 'tech breakthrough megatrend' for CIOs, wh...Read More

How resource companies are using the blockchain

March 28, 2018 / www.mining.com

Adapted from white paper by SAPAccording to Harvard Business Review (HBR 2017), billions of dollars are being invested in blockchain technology, and some of the smartest people on the planet are engaged in understanding how this technology can reinvent organizations and industries. A report from PriceWaterhouse Coopers (PwC 2017) has named blockchain as a 'tech breakthrough megatrend' for CIOs, wh...Read More

How resource companies are using the blockchain

March 28, 2018 / www.mining.com

Adapted from white paper by SAPAccording to Harvard Business Review (HBR 2017), billions of dollars are being invested in blockchain technology, and some of the smartest people on the planet are engaged in understanding how this technology can reinvent organizations and industries. A report from PriceWaterhouse Coopers (PwC 2017) has named blockchain as a 'tech breakthrough megatrend' for CIOs, wh...Read More

Zinc price awaits demand uptick

March 28, 2018 / news.metal.com

SHANGHAI, Mar 28 (SMM) – Zinc prices are likely to stay rangebound with pressure as downstream consumption is recovering slower while ore supply was sufficient, SMM believes.China’s domestic consumption is affected as another round of cutback has been imposed to galvanising plants in north China earlier this week. The move was in response to the medium-to-high level of air po...Read More

The Dow Plunges Into the Close of Trading on Tuesday - TheStreet

March 28, 2018 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks At the Close The Dow Jones Industrial Average fell back into correction territory after losing 345 points Tuesday. The Dow was up nearly 245 points at its high point Tuesday. The Nasdaq led the way lower, falling nearly 3%, or 212 points, on the day. The Dow is on pace for its worst month of trading since January 2016. ...Read More

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