(Kitco News)- Gold is lower again this morningand last week's rally to $1,340 is a distant memory. The only thing that canhelp gold here is the oversold conditions and a dead-cat bounce. The pattern ingold is ugly, making lower highs and lower lows. Now, $1,300 is the key levelthat gold must hold or $1,240 is in the cards.There are so many things that arein play here when it comes to the metals. T...Read More
The board of directors at Stellar Diamonds (LON:STEL) recommended Monday a merger with Australia's Newfield Resources (ASX: NWF), which also operates in Sierra Leone.The all-share takeover by the Sydney-listed company offers 0.76 Newfield shares for each Stellar one, valuing the diamond miner at ?7.74 million (about $10.8 million).Under the deal, Newfield will lend Stellar $3 million to help it...Read More
The board of directors at Stellar Diamonds (LON:STEL) recommended Monday a merger with Australia's Newfield Resources (ASX: NWF), which also operates in Sierra Leone.The all-share takeover by the Sydney-listed company offers 0.76 Newfield shares for each Stellar one, valuing the diamond miner at ?7.74 million (about $10.8 million).Under the deal, Newfield will lend Stellar $3 million to help it...Read More
* Stocks jump to two-week high after U.S. data* Report shores up bets on more U.S. rate hikes* GRAPHIC-2018 asset returns: (Updates prices, adds comment)By Jan HarveyLONDON, March 12 (Reuters) - Gold fell on Monday as theprevious session's upbeat U.S. payrolls data sparked a freshrally in stock markets and shored up expectations that theFederal Reserve would press ahead with further interest rater...Read More
(Kitco News) - Gold continues to see selling pressure as both the short-term fundamentals and the technical picture have deteriorated. Gold's failure to break above the $1,337 level early last week and the subsequent break of $1,322 overnight suggests the technical picture may have turned bearish. The FOMC meeting next week is expected to bring a 25-basis-point increase in rates, especially after...Read More
(Kitco News)- Goldprices are again moderately lower in early U.S. trading Monday. Growing riskappetite in the world marketplace at present is prompting selling pressure inthe safe-haven metals. U.S. and world stock markets have made solid reboundsfrom the sharp losses seen in January and February. April Comex gold futures were last down $6.20 an ounce at $1,317.80. May Comex silver was last down $...Read More
"If the market is destined to chop in the days ahead, the put-heavy [SPY] 270 strike is one to watch as potential overhead resistance. Although this wasn't the case when equities rebounded from their lows early last month, often times put-heavy strikes like 270, after being broken, act as resistance on the rally back."-- Monday Morning Outlook, March 5, 2018$VIX closed below 18.30-18.66 area for s...Read More
• Fails to build on Friday’s rebound amid fading safe-haven demand. • A goodish pickup in the US bond yields adds to the downward pressure. • Weaker USD helps limit immediate sharp downfall. Gold extended its post-NFP consolidative price action and remained confined within a narrow trading range around the $1320-25 band. W...Read More
Used in everything from autos to appliances, copper is widely watched as an economic bellwether - and this same relationship makes it a good inflation hedge.Read full newsRead More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
Last week's other top-gaining TSXV-listed mining stocks were Meridian Mining, DLV Resources, Inter-Rock Minerals and Red Eagle Exploration.Read full newsRead More
There's a strange thing about the fear going through the global mining industry after the Democratic Republic of Congo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.The existing 2 percent rate on copper extraction compares with royalties five times that level in Chile and Peru, the two biggest producers.Even at the new 3.5...Read More
There's a strange thing about the fear going through the global mining industry after the Democratic Republic of Congo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.The existing 2 percent rate on copper extraction compares with royalties five times that level in Chile and Peru, the two biggest producers.Even at the new 3.5...Read More
Three words the mining industry never likes to hear - tailings dam breach. Fortunately for Newcrest, its incident won't draw the same awful headlines as BHP.Read full newsRead More
Thanks to its plentiful land and cheap power, rural Montana, Washington, and Wyoming are now home to a new crop of cryptocurrency prospectors. Their neighbors aren't too happy about it.Read full newsRead More
By Rhiannon Hoyle SYDNEY--Newcrest Mining Ltd. (NCM.AU) said it expects to downgrade annual production and cost targets after suspending its Cadia gold operation in eastern Australia because par...Read full newsRead More
Stocks Analysis by Mark Lundeen covering: XAU/USD, Dow Jones Industrial Average, International Business Machines, US Dollar Index Futures. Read Mark Lundeen's latest article on Investing.comRead full newsRead More