Exchange-traded-fund investors appear to be using the recent pullback in gold and silver prices as a buying opportunity, says Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal moving in and out of storage as necessary to back the shares. The bank says ETF investors, who tend to have a longer-term horizon than speculators in the futures market, “have se...Read More

BRUSSELS (Reuters) - Britain agreed to a potentially unpalatable deal to avoid a “hard border” for Northern Ireland on Monday to win agreement from the European Union that it would retain most EU benefits for nearly two years after Brexit.After a weekend of intensive talks under the shadow of Irish fears of “backsliding” by London on a “backstop” accord that Pri...Read More

Global copper production will spike over the next decade as rising prices and increasing demand from the electric vehicles sector encourage project development, a new reports shows.According to analysts at BMI Research, output for the red metal worldwide will grow an average annual rate of 3.6% over 2018 - 2027 thanks to a number of major projects come online, particularly in Peru and Australia....Read More

LONDON (Reuters) - The European Union and Britain agreed that their divorce treaty would include an emergency “backstop” to avoid a hard border in Ireland, the bloc’s Brexit negotiator said on Monday, adding that meant London would now get a transition deal.“We have transition deal,” Michel Barnier told reporters after a weekend of late-night negotiations with Britain...Read More

(Reuters) - Nasdaq stock index futures dropped sharply on Monday as reports of Facebook’s user data being misused weighed on technology stocks and the broader market also bracing for signals from the Federal Reserve for the future path of interest rate hikes.While it is near certain that the Fed will raise rates by a quarter basis point on Wednesday, investors are more focused on whether pol...Read More

* Wafi-Golpu JV capital expenditure estimates cut* Newcrest Mining’s fiscal 2018 guidance hit by Cadia mine closure* Harmony to consider various capex funding options (Adds Harmony funding options)JOHANNESBURG, March 19 (Reuters) - Newcrest Mining has cut capital and operating cost estimates for its Wafi-Golpu joint venture in Papua New Guinea.The new estimates announced on Monday are based...Read More

Facebook stock is spiraling lower amid negative headlinesComing off a week where all three major benchmarks fell at least 1%, Dow Jones Industrial Average (DJI) futures are trading sharply below fair value this morning. Investors continue to monitor any news out of Washington D.C. after last week's White House shake-up -- and following several tweets from President Donald Trump over the weekend ai...Read More

Alio Gold Inc.  (TSX: ALO; NYSE AMERICAN: ALO)will acquire Nevada-based producer Rye Patch Gold Corp. (TSXV: RPM) under anagreement announced Monday. Each common share of Rye Patch will be exchangedfor 0.48 share of Alio Gold, with the offer implying C$1.57 per Rye Patchshare, a 35% premium to Rye Patch shareholders, based on the 20-dayvolume-weighted average trading price of Alio Gold shares...Read More

HARARE (Reuters) - Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice.The Indigenisation and Economic Empowerment Act introduced during the rule of former president Robert Mugabe was designed to increase black Zimbabweans’ stake...Read More

Norwegian subsidiary the latest divestment in bid to pay off debtRead full newsRead More

* Bond yields touch higher* ECB’s de Galhau, Knot, Weidmann optimistic on inflation* But overall dovish ECB message buffers bond market* U.S. Fed meeting in focus* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates throughout)By Dhara RanasingheLONDON, March 19 (Reuters) - Most euro zone government bond yields crept up on Monday, pushing off multi-week lows after upbeat commen...Read More

BRUSSELS (Reuters) - The European Union is close to offering Britain a deal on a post-Brexit status quo transition this week, EU diplomats said on Monday, as Ireland sought assurances any agreement would not let London water down pledges on its Northern Irish border.Asked about a deal, EU negotiator Michel Barnier told reporters “We are determined” as he welcomed British Brexit Secreta...Read More

(Kitco News) - Hecla Mining Co. (NYSE: HL) hasagreed to buy all outstanding shares of KlondexMines Ltd. (NYSE American: KLDX; TSX: KDX), allowing Hecla to bump up production with the addition of theFire Creek, Midas and Hollister mines in Nevada, the companies reported Monday.Klondex'sCanadian assets will be spun out to existing shareholders. The value of Hecla’sacquisition of Klondex was p...Read More

(Kitco News) - Hecla Mining Co. (NYSE: HL) has agreed to buy all outstanding shares of Klondex Mines Ltd. (NYSE American: KLDX; TSX: KDX), allowing Hecla to bump up production with the addition of the Fire Creek, Midas and Hollister mines in Nevada, the companies reported Monday.Klondex's Canadian assets will be spun out to existing shareholders. The value of Hecla’s acquisition of Klondex...Read More

NEW DELHI (Reuters) - The United States has raised concerns about the functioning of the World Trade Organisation and asked for reforms, WTO Director General Roberto Azevedo said on Monday.Azevedo, speaking to reporters on the sidelines of an informal meeting of about 50 WTO members in New Delhi, said the global trade environment was quite risky and the trade body had sought an “open and hon...Read More

Two SPX trendlines are converging around 2,740, making this a key level for bulls to hold "The SPY again comes into the week just below resistance -- this time from the late-February high, with the round $280 level, which corresponds with the S&P 500 Index (SPX - 2,786.57) 2,800 century mark, residing just above that."The $280 level is also interesting from an options perspective, as we embark upo...Read More

The new cry for metals is “Help! I have fallen and can’t get up.” Across the board, metals are taking a beating and need the alert button as they call for help. Gold, copper and silver are all at the bottom end of trading ranges and could be in danger of breaking down here as we wait for Wednesday’s Fed decision. Interestingly enough, the suppression of the dollar by the Fe...Read More

LONDON (Reuters) - Shares were stuck on their worst run since November on Monday, as caution gripped traders in a week in which the Federal Reserve is likely to raise U.S. interest rates and perhaps signal as many as three more hikes lie in store this year.A near 1 percent drop for Europe’s main bourses <0#.INDEXE> amid a flurry of gloomy company news [.EU] and weaker Wall Street futur...Read More

Mr. Mike Mutchler reportsAMARILLO ANNOUNCES NON-BROKERED PRIVATE PLACEMENTAmarillo Gold Corp. is proposing to complete a non-brokered private placement ofunits at a subscription price of 28 cents per unit for aggregate gross proceeds to the company of approximately $3-million. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the ho...Read More

Mr. Mike Mutchler reportsAMARILLO ANNOUNCES NON-BROKERED PRIVATE PLACEMENTAmarillo Gold Corp. is proposing to complete a non-brokered private placement ofunits at a subscription price of 28 cents per unit for aggregate gross proceeds to the company of approximately $3-million. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the ho...Read More