(Kitco News)- The gold market is holding on to modest gains as preliminary data shows improving sentiment in the U.S. manufacturing and service sector.Wednesday, research firm IHS Markit said in its The flash U.S. manufacturing Purchasing Managers Index for February to a reading of 55.9, up from January's reading of 55.5.Economists were expecting to see only a modest change with consensus forecast...Read More
Mosaic Co (NYSE:MOS) reported better-than-expected fourth-quarter earnings on Monday night, citing higher potash and phosphate prices. The fertilizer firm also upped its full-year earnings forecast, sending MOS shares up 5.2% on Tuesday. The stock is up another 2.4% today to trade at $27.40, after grabbing several post-earnings bullish brokerage notes.Most notably, J.P. Morgan Securities raised it...Read More
Stock futures are slightly higher this morning, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) hoping to bounce back after snapping their six-day winning streaks. Markets are bracing for the release for the Federal Open Market Committee (FOMC) meeting minutes from last month. Stock traders will dissect the minutes for hints regarding inflation and the pace of futurerate hikes....Read More
(Kitco News) - Gold prices have moved to modestly higher levels and are at theirdaily highs in morning trading Wednesday. Traders stepped in to "buy thedip" and do some bargain hunting following Tuesday's big losses. Preciousmetals traders are still tentative ahead of this afternoon's release of theminutes of the last FOMC meeting. Aprilgold was last up $3.00 an ounce at$1,334.20. By Jim...Read More
Brokerage firm Instinet this morning weighed in on financial stocks Capital One Financial Corp. (NYSE:COF) and Discover Financial Services (NYSE:DFS). Analysts there cut COF shares to "neutral" from "buy" and trimmed the price target to $109 from $111, saying DFS stock offers a better valuation. The note also mentioned that Discover had better loan and sales growth over the past year, and that tre...Read More
Investment bank gives brownfield copper-gold developer buy ratingRead full newsRead More
Newmont Mining Corp. (NYSE: NEM) reports gold reserves of 68.5million ounces for 2017, unchanged from 2016 as additions and revisions fullyreplaced depletion. The company says it added 6.4 million ounces of goldreserves, including 4.4 million through exploration and projects and 2 millionthrough revisions and acquisitions. Newmont has reported 5.3 million ounces ofproduction in 2017, resulting in...Read More
Andriyko Herchak, CEO of FinCanna Capital Corp. (CSE:CALI), was recently interviewed by Mark Bunting, Media Publisher of Capital Ideas Research to learn more about FinCanna, their royalty model and portfolio.See below for an snippet of the interview as well as a link to the video.Mark Bunting:We know that in the U.S., cannabis is still illegal federally, but on a state by state basis, it's legal...Read More
Martin Eales, chief executive of Rainbow Rare Earths Limited (LON:RBW), tells Proactive they're expecting to commission the new processing plant at the Gakara mine later this month, after which the scale of mining should pick up sharply.He says the the plant is now running as designed and final adjustments have been completed. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd., Harve...Read More
Mr. Mark Kolebaba reportsADAMERA MINERALS 2017 PRESIDENT'S LETTERIn conjunction with the annual general meeting ofAdamera Minerals Corp.on Thursday, Feb. 22, 2018, Mark Kolebaba, president and chief executive officer, has issued a president's letter to the shareholders detailing corporate and exploration activities in 2017. A technical overview of the projects will be presented at the meeting. The...Read More
Mr. Mark Kolebaba reportsADAMERA MINERALS 2017 PRESIDENT'S LETTERIn conjunction with the annual general meeting ofAdamera Minerals Corp.on Thursday, Feb. 22, 2018, Mark Kolebaba, president and chief executive officer, has issued a president's letter to the shareholders detailing corporate and exploration activities in 2017. A technical overview of the projects will be presented at the meeting. The...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
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
(Kitco News) - Gold prices are trading steady to slightly lower in early U.S. trading Wednesday. Theyellow metal is pausing after Tuesday's shellacking and ahead of thisafternoon's release of the latest minutes from the Federal Open MarketCommittee meeting. April Comex gold futures were last down $1.40 an ounce at$1,329.80. March Comex silver was last down $0.058 at $16.38 an ounce.Thehighlight of...Read More
Stock market volatility had been extremely low for several years, but it has spiked over the past few weeks. The Cboe Volatility Index (VIX), which measures the implied volatility of S&P 500 Index (SPX) options, sits around 20. The last time the VIX averaged 20 for an entire year was 2011. Additionally, the S&P 500 has moved up or down at least 2% the last four weeks in a row. The last time we've...Read More
Tuesday was an ugly day for gold,as the metal started lower and never came back. Gold has lost $33 from itsrecent high and is getting closer to our first target of $1,300. Equitiesdidn’t want to let gold suffer alone as they also got clobbered. Both marketsare a mess now and are in danger of taking out recent lows.Manipulation of currencies by theFed and central banks around the globe is cau...Read More
(Kitco News) - Pan American Silver Corp. (Nasdaq, TSX: PAAS), one of the world’s largest primary silver producers, lateTuesday announced a higher dividend and larger net profit in the fourth quarteras the company unwound an impairment charge.Net earnings were $49.7 million, or 32 centsper share, more than double the $22.3 million, or 14 cents,in the fourth quarter of 2016. The...Read More
Jamal Rushdy, chief executive of Collagen Solutions PLC (LON:COS), discusses with Proactive the successful results from an eight-year extension clinical study of patients who received ChondroMimetic (R) implants for the repair of cartilage defects in the knee.Rushdy says the positive results have now allowed them to submit an initial submission for a CE Mark. Meet Medusa Mining, Cora Gold, G...Read More
• Strong follow-through USD buying continues to weigh. • Overnight fall in US equities fails to lend any support. • FOMC minutes to provide fresh directional impetus. Gold traded with a mild negative bias through the early European session and is currently placed at one-week lows, around the $1326-25 region. The US Dollar...Read More
China Hanking Holdings Ltd launched a takeover bid for Australia's Primary Gold Ltd on Wednesday in line with a plan to build a long-term Australian gold business, valuing the target firm at A$37.5 million ($29.6 million).China Hanking, which owns 8.4 percent of Primary Gold, will offer A$0.0575 a share for the miner through its unit Hanking Australia Investment Ltd, it said in a filing to th...Read More