Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
* Euro rises as yields drag down dollar* Central banker speeches keep markets edgy* Traders brace for German, Italian political developments* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 26 (Reuters) - The euro gained on Monday as a fall in U.S. Treasury yields dragged down the dollar, but trading was relatively quiet ahead of speeches by central bankers and political developments in...Read More
* Equity markets calm ahead of Fed chief's testimony* Sterling gains on hawkish BoE deputy governor, Corbyn* Chinese stocks rally as Xi set to stay in power* Graphic: World FX rates in 2017 * For a live blog on European stocks, type LIVE/ in an Eikon news window By Alasdair PalLONDON, Feb 26 (Reuters) - Global stocks notched further gains on Monday and the dollar stayed on the back foot, as inves...Read More
Despite stocks scoring their best week in over a year last week, active money managers once again reduced their exposure to the stock market. In fact, the National Association of Active Investment Managers (NAAIM) exposure index fell to its lowest reading since the week prior to the November 2016 election, and has dropped roughly 34% since Jan. 24. However, previous such sharp reductions in equity...Read More
The demand for gold in the United States exceeded the supply in 2017.Gold does not react to the law of supply and demand as we would expect due to the overwhelming presence of the futures market.The United States is expected to run enormous deficits for as far as the eye can see which could lead to inflation in a rising interest rate environment.Gold is a hedge against inflation due to the fact th...Read More
COLOMBO, Feb 26 (Reuters) - The Sri Lankan rupee ended firmer on Monday as exporters and banks sold dollars on fears of an appreciation in the local currency amid expectations of equity and capital inflows, dealers said.The rupee ended at 154.85/95 per dollar, compared with Friday's close of 155.15/20. The rupee hit a record low of 155.90 on Feb. 14."There were conversions today, on expectati...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE DRILLS 123.93 METERS OF 1.41 G/T GOLD AT THE DAISY DEPOSIT, STERLING GOLD PROJECT, NYE COUNTY, NEVADANorthern Empire Resources Corp. has released drill results from the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.STERLING DRILL RESULTSHole IDFrom (m) To (m)Length (m)Au (g/t)D18-003C 67.88 191.81123.931.41Including 134.97...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE DRILLS 123.93 METERS OF 1.41 G/T GOLD AT THE DAISY DEPOSIT, STERLING GOLD PROJECT, NYE COUNTY, NEVADANorthern Empire Resources Corp. has released drill results from the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.STERLING DRILL RESULTSHole IDFrom (m) To (m)Length (m)Au (g/t)D18-003C 67.88 191.81123.931.41Including 134.97...Read More
Norsk Hydro has offered Rio Tinto (ASX, LON:RIO) $345 million for the mining giant's aluminum plant in Iceland, as part of the Norwegian firm's efforts to ensure its output is as green as possible and also to strengthen its position in Europe.The proposed acquisition also includes an offer for Rio's 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminu...Read More
Canada's Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2015 after finding the world's second-largest diamond, has taken a page of De Beers' books by investing in technology to track diamonds as they move through the supply chain.To that end, the Vancouver-based miner has acquired Clara Diamond Solutions, a digital platform aimed at transforming how rough precious rocks are sold...Read More
Canada's Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2015 after finding the world's second-largest diamond, has taken a page of De Beers' books by investing in technology to track diamonds as they move through the supply chain.To that end, the Vancouver-based miner has acquired Clara Diamond Solutions, a digital platform aimed at transforming how rough precious rocks are sold...Read More
Courtesy GoldinAmerica.comUpdate: 736 am. System advises trailing stop loss up to point of entry. Target not hit in 3 bars warns of failed momentum higher. Update 9:50- signal negated. Target not attained. Instructions in this post would have given a scratch trade. We move on to other markets that present signals. Though not backtested; a reversal lower is on the table now as the system pre...Read More
Gold Pukeage Foretoldvia GoldinAmerica.comIn deference to the title here; Gold ran out of buyers, there was blood in the water, Monday's failed rally was the final straw, and Commercials rightly their foot on its neck. Did you expect anything different? What is different is we have the play by play giving the alerts to the break higher, the failure, and the reversal; All captured using a system...Read More
Explore the leading publication for the global mining industry: Mining Journal provides an in depth analysis of the mining sector outlook and the latest developments.Read full newsRead More
A powerful earthquake rattled forest villages and a large gold mine in central Papua New Guinea early Monday, but there were no immediate reports of injuries. Officials were waiting for more information about damage from the magnitude-7.5 quake that hit about 89 kilometers (55 miles)...Read full newsRead More
Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake Canadian miner Lundin Gold Inc.Read full newsRead More
Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc as the gold major ramps up its exposure to Ecuador to secure growth.The stake is part of a $400 million equity raising by Lundin Gold to fund development of its Fruta del NorteRead full newsRead More
South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1,722 jobs at its Evander Gold Mine in the country's Mpumalanga province.Read full newsRead More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth. Physicist Michio Kaku, writing in his new book "The Future of Humanity" (Doubleday), believes a bonanza is coming from mining a...Read full newsRead More