- Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold- They are yet to provide the same benefits or safety as owning physical gold- National mints jumping in on the 'sexy blockchain' act - BOE declares bitcoin 'not a currency;' Royal Mint launches blockchain gold product- Digital gold, blockchain gold and crypto gold is frequently not fully bac...Read More
Mr. Eric Fier reports SILVERCREST ANNOUNCES LAS CHISPAS MAIDEN RESOURCE ESTIMATE: 3.4 MILLION TONNES @ 3.66 GPT AU AND 297 GPT AG OR 572 GPT AGEQ FOR 63 MILLION OZ AGEQTetra Tech Canada Inc. has completed its independent mineral resource estimation for Silvercrest Metals Inc.'s Las Chispas property, located in Sonora, Mexico. Inferred Mineral Resources are estimated at 3.4 million tonnes grading 3...Read More
Mr. Eric Fier reports SILVERCREST ANNOUNCES LAS CHISPAS MAIDEN RESOURCE ESTIMATE: 3.4 MILLION TONNES @ 3.66 GPT AU AND 297 GPT AG OR 572 GPT AGEQ FOR 63 MILLION OZ AGEQTetra Tech Canada Inc. has completed its independent mineral resource estimation for Silvercrest Metals Inc.'s Las Chispas property, located in Sonora, Mexico. Inferred Mineral Resources are estimated at 3.4 million tonnes grading 3...Read More
SHANGHAI, Feb 27 (Reuters) - China's central bank said it will skip open market operations on Tuesday as liquidity levels in the banking system were "relatively high".On a net basis, the People's Bank of China (PBOC) will neither drain nor inject any funds into the market for the day as there are no reverse repos due to mature on Tuesday.The PBOC injected a net 580 billion yuan ($91.90 b...Read More
(Repeats Feb 26 column; no changes to text)By Jamie McGeeverLONDON, Feb 26 (Reuters) - Hedge funds and other speculators are making their biggest ever short-term bet on higher U.S. interest rates, a clear sign that the "vol-mageddon" bout of market turbulence earlier this month has almost completely fizzled out.Speculators are also slowly beginning to rebuild their bets on lower U.S. st...Read More
SEOUL, Feb 27 (Reuters) - The Bank of Korea left its key interest rate unchanged on Tuesday, as expected, taking note of muted inflationary pressure and showing caution ahead of any further monetary tightening in the United States. The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in May 1999:- - - -Nov. 30, 2017Up 25 bp to...Read More
SEOUL, Feb 27 (Reuters) - The Bank of Korea left its key interest rate unchanged on Tuesday, as expected, taking note of muted inflationary pressure and showing caution ahead of any further monetary tightening in the United States. A Bank of Korea media official did not elaborate on the monetary policy committee's decision to keep the base rate at 1.50 percent. Governor Lee Ju-yeol is due to hold...Read More
Hot on the heels of a successful Friday, Monday morning showed signs of prosperity across several different markets in both Canada and the US.Read full newsRead More
Canyon Copper Corp. ('Canyon') (TSX-V: CNC) is pleased to announce that the Company commenced the planned diamond drilling program on Canyon's Bootleg Lake project on February 19, 2018.Read full newsRead More
(Widens distribution)MELBOURNE, Feb 27 (Reuters) - Miners in northwest Papua New Guinea reported some damage to infrastructure following a powerful magnitude 7.5 earthquake on the weekend, as projects in the resource-rich region assess the impact on their operations.Barrick Gold Corp said a power station that supplies its Porgera gold mine had been damaged, while Ok Tedi Mining Ltd said a landsli...Read More
(Corrects time of quake to early Monday, paragraphs 1, 3; fixes typographical error, paragraph 4)MELBOURNE, Feb 27 (Reuters) - Miners in northwest Papua New Guinea reported some damage to infrastructure following a powerful magnitude 7.5 earthquake that hit on Monday, as projects in the resource-rich region assess the impact on their operations.Barrick Gold Corp said a power station that supplies...Read More
Feb 27 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 27-FebJapan Auction of 2-year government bonds 27-FebItaly Medium-long term auction 27-FebBelgium Auction of Treasury bills 28-FebGermany Auction of 10-year Federal bonds 28-Fe...Read More
Feb 27 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------TUESDAY, FEBRUARY 27 ** NEW DELHI -I...Read More
LONDON, Feb 27 (Reuters) - Sales expectations among small and medium-sized British factories hit an almost three-year high last month, boosted by a strong global economy, adding to positive signals from the manufacturing sector, a survey showed on Tuesday.Some 72 percent of manufacturers expect sales to increase over the next six months, up from 59 percent three months ago, according to the quarte...Read More
Feb 27 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, FEBRUARY 27 ** WELLINGTON...Read More
The other top-gaining mining stocks on the TSX last week were Brio Gold, Hudbay Minerals, Leagold Mining and Coro Mining.Read full newsRead More
(Recasts with peso losses)By Sheky EspejoMEXICO CITY, Feb 26 (Reuters) - Mexico's peso sank on Monday, hurt by worries over the future of the country's free trade deal with the United States, while Chilean equities fell on losses in a lithium miner and the forestry sector.The Mexican pesoshed 0.8 percent as renewed signs of tension between Mexico and U.S. President Donald Trump over his planned bo...Read More
Although trading well off of highs achieved earlier in the trading session, gold is moderately higher as traders await Jerome Powell’s first testimony to the House and Senate committees this week.As of 3:45 PM Eastern standard time, gold futures (April Comex contract) are trading up $4.50 (+0.34%) at $1,334 80. Gold traded to $1,342.90 overseas last night but has softened as a strong risk-on...Read More
Although trading well off of highs achieved earlier in the trading session, gold is moderately higher as traders await Jerome Powell’s first testimony to the House and Senate committees this week.As of 3:45 PM Eastern standard time, gold futures (April Comex contract) are trading up $4.50 (+0.34%) at $1,334 80. Gold traded to $1,342.90 overseas last night but has softened as a strong risk-on...Read More
(Kitco News) - Gold investors should not be disappointed this year, as the yellow metal is doing exactly what it is supposed to, which is to serve as a portfolio hedge, said BlackRock’s investment strategist.“Gold as a portfolio hedge and as hedge in terms of signs of stress is doing exactly as advertised. It's delivering that diversification benefit, and it has done that, especially t...Read More