Recent News

Paulson Maintains Gold Position During 4Q As Price Rises

February 14, 2018 / www.kitco.com

(Kitco News) - Well-known hedge fund manager John Paulson maintained his holdings in SPDR Gold Shares, the world’s largest gold exchange-traded fund, during the fourth quarter, filings show.Meanwhile, Soros Fund Management LLC has remained out of gold since exiting from its shares of Barrick Gold Corp. (NYSE, TSX: ABX) in the fourth quarter of 2016.Institutional investment managers must file...Read More

Gold Seeker Closing Report: Gold and Silver Gain Almost 2%

February 14, 2018 / news.goldseek.com

CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34% The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation dat...Read More

Global Debt Crisis II Cometh

February 14, 2018 / news.goldseek.com

- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More

Gold Seeker Closing Report: Gold and Silver Gain Almost 2%

February 14, 2018 / news.goldseek.com

CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34% The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation dat...Read More

Global Debt Crisis II Cometh

February 14, 2018 / news.goldseek.com

- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More

UPDATE 2-Barrick Gold sees output slide as reserves fall

February 14, 2018 / www.kitco.com

(Recasts, adds reserves, capital spend, context)Feb 14 (Reuters) - Canada's Barrick Gold Corp , the world's biggest gold producer, forecast an output drop over the next four years on Wednesday, with mining costs flat to higher.Barrick, which reported quarterly earnings that matched market expectations, said its reserves of unmined gold dropped by 25 percent last year to 64.5 million ounces, as it...Read More

Australian jobs up again in Jan, longest run of gains on record

February 14, 2018 / www.kitco.com

SYDNEY, Feb 15 (Reuters) - Australian employment notched up the longest streak of gains on record in January, while unemployment fell a tick and female participation in the workforce climbed to an all-time high.Thursday's figures from the Australian Bureau of Statistics showed 16,000 net new jobs were added in January, in line with forecasts and a solid result given it came on top of outsized incr...Read More

Agnico Eagle Lists 4Q Profit, Increases Output Guidance

February 14, 2018 / www.kitco.com

(Kitco News) - Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) reported a profitable fourth quarter Wednesday and hiked its output guidance for 2018 and 2019.The company listed quarterly net income of $35.1 million, 15 cents per share, down from $62.7 million, or 28 cents, in the year-ago period.The October-December results included mark-to-market adjustments and derivative losses of $1 million, non-recu...Read More

Agnico Eagle Lists 4Q Profit, Increases Output Guidance

February 14, 2018 / www.kitco.com

(Kitco News) - Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) reported a profitable fourth quarter Wednesday and hiked its output guidance for 2018 and 2019.The company listed quarterly net income of $35.1 million, 15 cents per share, down from $62.7 million, or 28 cents, in the year-ago period.The October-December results included mark-to-market adjustments and derivative losses of $1 million, non-recu...Read More

UPDATE 1-Liberia's new president orders review of concession agreements

February 14, 2018 / www.kitco.com

(Adds details)MONROVIA, Feb 14 (Reuters) - Liberia's new President George Weah has ordered a review of concessions entered into by previous administrations, the presidency said in a statement on Wednesday.Concessions generally cover government grants of rights, land or property. The statement said a committee would "review and ensure that all contracts entered into by the government of Liber...Read More

Singapore January exports up 13.0 pct y/y

February 14, 2018 / www.kitco.com

SINGAPORE, Feb 15 (Reuters) - Singapore's on-year non-oil domestic exports (NODX) growth rose faster than expected in January thanks to a surge in petrochemical exports, official data showed on Thursday.Exports rose 13.0 percent in January year-on-year, data fromtrade agency International Enterprise Singapore showed, accelerating from the 3.1 percent rise the month before.This was better than the...Read More

Kinross Lists 4Q Profit, Acquires Power Plants For Brazilian Mine

February 14, 2018 / www.kitco.com

(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reported late Wednesday that the company posted a profit in the fourth quarter and acquired two hydroelectric power plants in Brazil to provide electricity to its Paracatu mine.Net earnings in the October-November period were pegged at $217.6 million, or 17 cents per share, a turnaround from a net loss of $116.5 million, or 9 cents, in the four...Read More

Kinross Lists 4Q Profit, Acquires Power Plants For Brazilian Mine

February 14, 2018 / www.kitco.com

(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reported late Wednesday that the company posted a profit in the fourth quarter and acquired two hydroelectric power plants in Brazil to provide electricity to its Paracatu mine.Net earnings in the October-November period were pegged at $217.6 million, or 17 cents per share, a turnaround from a net loss of $116.5 million, or 9 cents, in the four...Read More

UPDATE 1-Japan's Dec machinery orders cast doubt on strength of capex

February 14, 2018 / www.kitco.com

(Adds details on forecasts)* Dec core machinery orders -11.9 pct m/m vs forecast -2.3 pct* Jan-March core machinery orders seen +0.6 pct* Data casts doubt on outlook for capital investment By Stanley WhiteTOKYO, Feb 15 (Reuters) - Japan's core machinery orders tumbled in December and companiesexpect orders to rise only marginally in January-March, raising concerns that recent gains in capital exp...Read More

Velocity Minerals Releases Introductory Video

February 14, 2018 / bit.ly

Velocity Minerals Ltd. (TSXV:VLC) has recently released an introductory video, which includes footage of drilling at the Rozino gold project in Bulgaria and its partner's gold processing facilitiesRead full newsRead More

DIARY-Government Debt Auctions to March 30

February 14, 2018 / www.kitco.com

Feb 15 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS15-FebJapan 3-month discount bill auction15-FebSpain Bond auction15-FebSwedenAuction of inflation-linked government bonds15-FebUnited KingdomAuction of 1 3/4 % Treasury Gilt 205715-FebFranceIndex-linked Securities auction16-FebJapan 1-ye...Read More

DIARY-Emerging Markets Economic Events to March 29

February 14, 2018 / www.kitco.com

Feb 15 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily-----------------------------------------------------------THURSDAY, FEBRUARY 15JAKARTA - Indonesia Central Bank board of governors meetin...Read More

DIARY-Top Economic Events to March 27

February 14, 2018 / www.kitco.com

Feb 15 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events -----------------------------------------------------------THURSDAY, FEBRUARY 15PARIS - Participation in panel discussion by ECB executive board member and...Read More

UK watchdog slow to stop "vulture" advisers ripping off steelworkers -lawmakers

February 14, 2018 / www.kitco.com

* UK watchdog asked to ban contingent fees* Pensions Regulator told to improve information* FCA says has already taken robust action* Pensions Regulator says fulfilled main role By Huw JonesLONDON, Feb 15 (Reuters) - Britain's markets watchdog was too slow to prevent "vulture" financial advisers from ripping off steelworkers faced with critical decisions over their 14 billion pound ($19...Read More

UPDATE 1-Paulson holds stake steady in gold investments in Q4 2017 -filing

February 14, 2018 / www.kitco.com

(Adds Soros, CI Investments, gold price, market background, 13F background)By Renita D. YoungNEW YORK, Feb 14 (Reuters) - New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the fourth quarter of 2017, while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp all remained unexposed to the metal.Th...Read More

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