Recent News

S.Korea c.bank chief says ready for rapid Fed rate hikes

February 20, 2018 / www.kitco.com

SEOUL, Feb 21 (Reuters) - South Korea's central bank chief said on Wednesday the Bank of Korea is prepared to respond to any negative impact fromfaster-than-expected policy tightening in the U.S."If (the Fed moves) faster than expected, it will immediately impact international financial markets and also domestic markets as well, so we're prepared to respond to such a scenario," Governor...Read More

In case you missed it... Corex Gold -- #CorexGold $CGE $CGE.CA Read the News Release here:

February 20, 2018 / ow.ly

MONTRÉAL, QUÉBEC--(Marketwired - Feb. 16, 2018) - Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) (Read full newsRead More

RPT-With stimulus exit looming, communication challenges await new BOJ trio

February 20, 2018 / www.kitco.com

(Repeats story that ran on Feb 20)* Kuroda's reappointment signals policy status quo* Reflationist deputy, Wakatabe, wants more bond buying* Wakatabe may oppose attempts to dial back stimulus* But other deputy, Amamiya, may wield more influence over policy By Leika KiharaTOKYO, Feb 20 (Reuters) - The incoming Bank of Japan leadership looks similar to the one going out but its mission ahead will...Read More

Check out this article about Corex Gold -- #CorexGold $CGE $CGE.CA Read the article here:

February 20, 2018 / ow.ly

Minera Alamos (MAI.V) and Corex Gold (CGE.V) announced earlier this week both companies have entered into a merger agreement, creating a larger Mexico-focused entity with three relatively advanced stage gold projects. Minera Alamos is planning to issue 0.95 new shares of MAI for every share of Corex Gold, which will ...Read full newsRead More

Canada's stock market is the worst in the world

February 20, 2018 / www.macleans.ca

As an energy bear market weighs on the TSX, investors are missing out on techRead full newsRead More

Ely Gold Royalties Options North Carlin Project to Fremont Gold

February 20, 2018 / bit.ly

Ely Gold Royalties Inc. (TSXV: ELY) (OTC Pink: ELYGF) ('Ely Gold' or the 'Company') through its wholly owned subsidiary, Nevada Select Royalty, Inc ('Nevada Select') is pleased to announce that it has entered into a definitive option agreement with Intermont Exploration LLC., ('Intermont') a Nevada limited liability company and a wholly owned subsidiary of F...Read More

A One-Two Combination Knocks Gold Dramatically Lower

February 20, 2018 / www.kitco.com

Gold traded dramatically lower as a direct result of both selling pressure and a stronger U.S. dollar, which began after the conclusion of the three-day holiday yesterday. As of 2:30 PM Eastern standard time, April gold futures are currently down $23.20 (-1.72%) and fixed at $1,333 per ounce. The price decline began modestly as trading resumed on Monday and accelerated into trading overseas last n...Read More

A One-Two Combination Knocks Gold Dramatically Lower

February 20, 2018 / www.kitco.com

Gold traded dramatically lower as a direct result of both selling pressure and a stronger U.S. dollar, which began after the conclusion of the three-day holiday yesterday. As of 2:30 PM Eastern standard time, April gold futures are currently down $23.20 (-1.72%) and fixed at $1,333 per ounce. The price decline began modestly as trading resumed on Monday and accelerated into trading overseas last n...Read More

CANADA STOCKS-TSX closes lower on weakness in mining stocks

February 20, 2018 / www.kitco.com

(Adds details, activity, updates prices to close)TORONTO, Feb 20 (Reuters) - Canada's main stock index closed lower on Tuesday, following a mixed session, with weakness among gold mining stocks offsetting gains for the energy group.The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed down 13.2 points, or 0.1 percent at 15,439.44. Just three of the index's 10 main groups ended lo...Read More

UPDATE 4-U.S. short-term borrowing costs hit highest since 2008

February 20, 2018 / www.kitco.com

* This week's sales to raise $48 bln in new cash for Treasury* Analysts cautious about 5-, 7-year note auctions* Five-year yield near 8-year peak* Seven-year yield highest since 2011 (Adds historical context on issuance)By Richard LeongNEW YORK, Feb 20 (Reuters) - Some of the U.S. government's short-term borrowing costs rose to their highest level in more than nine years on Tuesday as the governme...Read More

FTSE 100 makes up some ground to close a tad lower as earnings disappoint

February 20, 2018 / www.proactiveinvestors.co.uk

FTSE 100 closes tad lowerBanks lower as HSBC disappointsPound rises on rumour that UK may get 'privileged' access to EU post BrexitWalmart pulls Dow Jones lowerFTSE 100 closed the day near flat, but down a tad, as the premier index was weighed on by disappointing earnings and a stronger pound.The blue-chip index closed down 0.89, or 0.01% at 7,246.The FTSE 250 by contrast gained over 149 points at...Read More

TREASURIES-U.S. yields increase on supply worries

February 20, 2018 / www.kitco.com

* U.S. sells $28 bln 2-year notes to lukewarm demand* U.S. 5-year yield hits near 8-year peak before supply* Traders await Fed's Jan. 30-31 minutes on rate-hike clues* Wall Street losses stoke safe-haven bids for bonds (Adds context of second biggest weekly issuance in paragraph 2)By Richard LeongNEW YORK, Feb 20 (Reuters) - U.S. Treasury yields rose on Tuesday with the benchmark 10-year yield hov...Read More

Argentina central bank cuts rate on short-term securities

February 20, 2018 / www.kitco.com

BUENOS AIRES, Feb 20 (Reuters) - Argentina's central bank cut interest rates on its short-term securities on Tuesday in its monthly auction, the second straight reduction since the government loosened its inflation targets in late December.The monetary authority sold 411.011 billion pesos ($20.72 billion) in Lebac securities, compared with the 492.878 billion pesos' worth of securities that mature...Read More

Jamaica: An Island of Opportunity for Mining Investment

February 20, 2018 / bit.ly

Jamaica is more than an island in the Caribbean - it's also a destination for mining investment that investors may want to consider.Read full newsRead More

Bitcoin hits 3-week high, trading above $11,000

February 20, 2018 / www.marketwatch.com

Cryptocurrency prices were mixed Tuesday, with the No. 1 digital currency in the green, reaching its highest level since Jan. 28. The torrid start to the year for crypto investors is slowly abating, with bitcoinBTCUSD, -4.98% rising to an intraday high of $11,746.23, according to news and research site CoinDesk. The recovery has bitcoin on track to record its sixth daily gain in the past seven s...Read More

UPDATE 1-Concho Resources tops profit estimates

February 20, 2018 / www.kitco.com

(Adds I/B/E/S estimates, fourth-quarter details)Feb 20 (Reuters) - U.S. shale oil producer Concho Resources Inc posted a better-than-expected quarterly profit on Tuesday, helped by higher crude prices, and forecast a 16-20 percent rise in total production for 2018 from a year earlier.The company estimated capital expenditure for 2018 at between $1.9 billion and $2.1 billion, higher than its 2017...Read More

Technical Analysis of Gold and Silver for February 19, 2018

February 20, 2018 / www.marketslant.com

After surging higher on Valentine's Day in the wake of a hotter than expected CPI report, gold prices have consolidated and have formed a bull flag pattern. This is a pause that refreshes higher, and accelerates on an upside breakout. The rebound in stock prices did not seem to effect gold prices, but the surge in bond yields are helping the dollar gain traction which is weighing on gold bar price...Read More

Gold slips to a fresh four-day low

February 20, 2018 / www.fxstreet.com

Improved market mood and soft physical demand hurt gold prices. Spot gold now bearish, at least as it holds below 1,335.35. The American dollar continues climbing against the safe-haven metal, despite demand against other currencies receded after Wall Street's opening. The improving mood among equities traders, with indexes bouncing from daily lows, and US Treasury yields holding on to gains...Read More

CANADA STOCKS-TSX dips as gold mining shares slide

February 20, 2018 / www.kitco.com

TORONTO, Feb 20 (Reuters) - Canada's main stock index dipped on Tuesday as a drop in the shares of gold mining companies offset gains for the energy group.The Toronto Stock Exchange's S&P/TSX composite index closed down 13.2 points, or 0.09 percent at 15,439.44. Just three of the index's 10 main groups ended lower. (Reporting by Fergal Smith; editing by Jonathan Oatis) Disclaimer: The views e...Read More

Concho Resources reports fourth-quarter profit

February 20, 2018 / www.kitco.com

Feb 20 (Reuters) - U.S. shale oil producer Concho Resources Inc reported a profit for the fourth quarter on Tuesday compared with a year-ago loss, helped largely by a $398 million benefit from U.S. tax changes.The company posted net income of $267 million, or $1.79 per share, in the quarter ended Dec. 31, compared with a net loss of $125 million, or 86 cents per share, a year earlier. Total produc...Read More

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