Is this the quiet before the storm or the quiet before the quiet? Gold is trading in a narrow and defined trading range. Only eight dollars separates the intraday low and intraday high for today’s trading range. Currently gold futures, basis the most active April contract, is trading -$1.40 lower and fixed at $1,325.70.With next week’s FOMC meeting, traders across the board are looking...Read More
(Kitco News) - Just under a year ago an ounce of gold cost the same as one bitcoin, said Bloomberg Intelligence's Mike McGlone, adding that prices are about to converge once again as the Federal Reserve proceeds with its monetary policy tightening this year.Fed rate hikes played a big role in gold and bitcoin’s paths this past year, McGlone said in a note on Monday, specifying that December...Read More
(Kitco News) - Just under a year ago an ounce of gold cost the same as one bitcoin, said Bloomberg Intelligence's Mike McGlone, adding that prices are about to converge once again as the Federal Reserve proceeds with its monetary policy tightening this year.Fed rate hikes played a big role in gold and bitcoin’s paths this past year, McGlone said in a note on Monday, specifying that December...Read More
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 9, 2018.Number of shares: 21,451,769 shares Purchase price: 11 cents per shareWarrants: 21,451,769 share purchase warrants to purchase 21,451,769 sharesWarrant exercise price: 16 cents for a two-year period Number of placees: 66 placeesInsider: Chancery Asset M...Read More
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 9, 2018.Number of shares: 21,451,769 shares Purchase price: 11 cents per shareWarrants: 21,451,769 share purchase warrants to purchase 21,451,769 sharesWarrant exercise price: 16 cents for a two-year period Number of placees: 66 placeesInsider: Chancery Asset M...Read More
Democratic Republic of Congo will declare cobalt and coltan, used in electric vehicle and renewable energy technology, as "strategic" minerals which will earn the country higher royalties, an advisor to the prime minister said on Wednesday.A new mining code was signed into law on Friday by President Joseph Kabila despite vigorous opposition by global mining companies with operations in Congo such...Read More
Democratic Republic of Congo will declare cobalt and coltan, used in electric vehicle and renewable energy technology, as "strategic" minerals which will earn the country higher royalties, an advisor to the prime minister said on Wednesday.A new mining code was signed into law on Friday by President Joseph Kabila despite vigorous opposition by global mining companies with operations in Congo such...Read More
PDAC 2018 was a major success, and Stockhouse was thereRead full newsRead More
Tommy WilkesLONDON (Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Wednesday it was banning advertisements for cryptocurrencies and initial coin offerings, the latest internet company to clamp down on the sector amid growing concerns about scams.Google’s action, which takes effect in June and follows a similar move by Facebook earlier this year, sent the price of the best-known cry...Read More
Boeing stock was the biggest blue-chip loser Stocksstartedoff strong, as traders weighed mixed data oninflation and retail sales. However, escalating concerns of a trade war with China ultimately sent the Dow down triple digits for the third straight day. Boeing (BA) was the biggest loser on the blue-chip index, amid fears the company could be targeted for tariff retaliation from Beijing. The S&P...Read More
Minera Salar Blanco, a joint venture that operates the Maricunga project together with Vancouver-based Bearing Lithium (TSXV:BRZ), has just received authorization from the Chilean Nuclear Commission to extract, produce and market lithium products from the Maricunga salar.According to a corporate press release, the authorization is for an extraction quota of 88,885 metric tonnes of metallic lithium...Read More
NEW YORK (Reuters) - U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies.The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, the White House said Wednesday.Trump is looking to levy tariffs on up t...Read More
Where is the gold bull market that we predicted would begin about now? Here is our broad-based overview. The financial markets continue to expect an aggressive Fed going forward with four-even five-rate hikes this year and a continuing shrinkage of its balance sheet (Quantitative Tightening). Given this, gold has held up pretty well, essentially range trading, but the gold stocks have suffered bec...Read More
WASHINGTON (Reuters) - Pennsylvania’s tight congressional special election underscores the need for states to replace aging voting machines and use paper ballots as backups to ensure the integrity of vote counts ahead of pivotal November U.S. midterm elections, election security advocates said on Wednesday.Democrat Conor Lamb led Republican Rick Saccone by only a few hundred votes out of nea...Read More
NEW YORK (Reuters) - U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies.The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, the White House said Wednesday.Trump is looking to levy tariffs on up t...Read More
Patricia Hatter could bolster gold miner's digital transformation planRead full newsRead More
SAO PAULO (Reuters) - World Trade Organization Director-General Roberto Azevedo said on Wednesday that Brazilian government officials tell him they have not ruled out any response to U.S. steel tariffs and may resort to the WTO to settle the dispute.Speaking to reporters at the World Economic Forum on Latin America, Azevedo said the “potential systemic risks” of reactions to the tariff...Read More
WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday overwhelmingly passed legislation to help schools and local law enforcement prevent gun violence, one month after the mass shooting at a Florida high school that killed 17 people.The House passed the bill by a vote of 407-10, sending it to the Senate for consideration.Earlier on Wednesday, the White House announced President Don...Read More
WASHINGTON (Reuters) - The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Donald Trump.Last Wednesday, Trump tweeted that China had been asked to develop a plan to reduce its trade imbalance with the United States by $1 billion, but the spokeswoman said...Read More
EDINBURGH (Reuters) - Scotland and Wales are within reach of a deal with the central government over power-sharing, Scotland’s Nicola Sturgeon said on Wednesday, easing the pressure on the British government as it negotiates its exit from the European Union.Speaking after a meeting with Prime Minister Theresa May in London, Scotland’s First Minister struck a more positive tone than she...Read More