Recent News

Gold Oversold And In Danger Of Breaking Down

March 12, 2018 / www.kitco.com

(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

Newfield acquires Stellar Diamonds for $23.6 million

March 12, 2018 / www.mining.com

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

Newfield acquires Stellar Diamonds for $23.6 million

March 12, 2018 / www.mining.com

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

PRECIOUS-Gold slips as U.S. jobs data boosts risk appetite

March 12, 2018 / www.kitco.com

* 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

Gold Prices: Overall Short-Term Picture Looks Lethargic

March 12, 2018 / www.kitco.com

(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

Gold Prices Continue To Slide Amid Risk-On Trading Attitudes

March 12, 2018 / www.kitco.com

(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

SPY Takes On 280 Strike Ahead of Options Expiration

March 12, 2018 / www.schaeffersresearch.com

"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

Gold flat-lined above $1320 level

March 12, 2018 / www.fxstreet.com

   •  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

RT @VisualCap: Infographic: Why Investors Turn to Copper as an Inflation Hedge (See full graphic:

March 12, 2018 / www.visualcapitalist.com

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

US miners ask Supreme Court to end uranium mining ban near Grand Canyon

March 12, 2018 / www.mining.com

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

US miners ask Supreme Court to end uranium mining ban near Grand Canyon

March 12, 2018 / www.mining.com

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

US miners ask Supreme Court to end uranium mining ban near Grand Canyon

March 12, 2018 / www.mining.com

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

US miners ask Supreme Court to end uranium mining ban near Grand Canyon

March 12, 2018 / www.mining.com

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

5 Top Weekly TSXV Stocks: Atlantic Gold Rises on Commercial Production

March 12, 2018 / bit.ly

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

Taxes aren't the real problem with mining in Congo: Gadfly

March 12, 2018 / www.mining.com

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

Taxes aren't the real problem with mining in Congo: Gadfly

March 12, 2018 / www.mining.com

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

Newcrest Mining moves fast on Cadia dam breach, but problems will linger

March 12, 2018 / dlvr.it

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

The Mountain West Is Experiencing A Second Gold Rush. This Time They're Mining Bitcoin.

March 12, 2018 / dlvr.it

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

Newcrest Suspends Cadia Gold Mining After Dam Wall Collapse

March 12, 2018 / dlvr.it

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

Dow Jones And The Barron's Gold Mining Index A 98 Year Examination

March 12, 2018 / dlvr.it

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

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok