A funny thing happened on the wayto new highs. On Thursday, gold looked like it was going to break out theupside and take out the highs on its way to $1,400. Suddenly without warning,the markets reversed and went from up $8 to down $14. This is known as a keyreversal, which is an indication that the top of this move is in.With the dollar crashing,equities going parabolic for some reason at 1:16 p....Read More
A funny thing happened on the way to new highs. On Thursday, gold looked like it was going to break out the upside and take out the highs on its way to $1,400. Suddenly without warning, the markets reversed and went from up $8 to down $14. This is known as a key reversal, which is an indication that the top of this move is in. With the dollar crashing, equities going parabolic for some reason at 1...Read More
Mining Capital's Alastair Ford gives his take on coal and currency wars, specifically his analysis on how coal mining companies Minergy (MIN:BT) and Anglo Pacific Goup PLC (APF:LSE) are faring.Ford says there is an increasing demand on coal, and believes Minergy will be one of the few coal companies listed on AIM with significant prospects.Ford says Anglo Pacific Group is benefiting from...Read More
* UBS Wealth Management upgrades 6-month forecasts* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 26 (Reuters) - The dollar fell more than half a percent against a basket of currencies on Friday as comments by senior U.S. officials this week backing a weak dollar reverberated through currency markets.After U.S. President Donald Trump said on Thursday he ultimately wanted the doll...Read More
* Premiums in China at about $7* Discounts in India down to $3 from $5 last week By Nithin ThomasPrasad and Rajendra JadhavBENGALURU/MUMBAI, Jan 26 (Reuters) - Demand for physical gold improved slightly in most Asian hubs this week, despite rising prices, as buyers stocked up on expectations of a further rally in the yellow metal. Gold prices rose on Friday, putting them on course for a near 2 pe...Read More
ALROSA, the world's largest diamond mining company, continues the contest "She said "YES!" for the most creative idea of a marriage proposal. The competition started in December 2017 and will last until February 14, 2018. The winner will receive a diamond ring as a reward to translate the idea into reality.Applications to the contest are accepted at a special email address: [email protected]. To...Read More
Gold regained some positive traction on Friday and managed to recover part of previous session's sharp corrective slide from 1-1/2 year tops. A smart US Dollar recovery move, after the US President Donald Trump backed a stronger greenback, prompted some aggressive selling around the dollar-denominated commodity on Thursday. Spot prices retreated around 1.75% from an intraday high level o...Read More
(Refiles to add apostrophe in headline)* Graphic: World FX rates in 2018 * Stocks on longest weekly winning streak since '99* Dollar buckles again, worst weekly run since 2010* Pound boosted by GDP numbers* Oil helped by weak dollar, gold near 17-month high By Ritvik CarvalhoLONDON, Jan 26 (Reuters) - World stocks were set for their longest weekly winning streak since 1999 on Friday, while the d...Read More
Global Energy Metals (CVE:GEMC) CEO Mitchell Smith tells Proactive after recent drilling at their Millennium Cobalt project in Mount Isa, Australia, the company drew significant intercepts showing high-grade Cobalt over wide intercepts. Smith says because of these favorable results, they are fast-tracking a work program on the project, that will begin in early February. Meet Reward Minerals...Read More
* UBS Wealth Management upgrades 6-month forecasts* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 26 (Reuters) - The euro jumped more than half a percent higher on Friday as comments by senior U.S. officials this week advocating their support for a weak dollar reverberated through currency markets.Though U.S. President Donald Trump's comments on Thursdaythat he wanted a "str...Read More
Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) said Friday it had begun additional exploration drilling at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The Australian gold miner noted said efforts are now focussed on targeting high-grade extensions to the Alpala resource. It also said that an additional 13,384 metres of drilling has been complet...Read More
Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) said Friday it had begun additional exploration drilling at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The Australian gold miner noted said efforts are now focussed on targeting high-grade extensions to the Alpala resource. It also said that an additional 13,384 metres of drilling has been complet...Read More
Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) said Friday it had begun additional exploration drilling at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The Australian gold miner noted said efforts are now focussed on targeting high-grade extensions to the Alpala resource. It also said that an additional 13,384 metres of drilling has been complet...Read More
LONDON, Jan 26 (Reuters) - UBS Wealth Management upgraded its six-month forecasts for the euro and sterling on Friday after upgrading its short-term forecasts earlier this week, citing protracted dollar weakness.The firm upgraded its euro forecast against the dollar to $1.28 for six months from a previous forecast of $1.22, according to a report published by the Chief Investment office at UBS Weal...Read More
Russian state-controlled diamond miner Alrosa increased fourth-quarter production by 6 percent year-on-year to 10.1 million carats as a shutdown at its Mir mine was offset by higher output at other assets.The Russian government has been considering selling part of its stake in Alrosa, the world's largest producer of rough diamonds, as part of its privatisation programme.But that is off the agenda...Read More
Before you pull the trigger on Hecla Mining, you need to consider these two things.Read full newsRead More
SHANGHAI, Jan 26 (SMM)? 1/4 ?Copper: LME copper remains strong on continued increase of inventory. SHFE copper is expected to trade at 53,000-54,000 yuan/mt and spot discounts are to move at 100-50 yuan/mt supported by stockholders.Zinc: LME zinc performed strongly supported by firm fundamentals, and is expected to trade at $3,435-3,485/mt while SHFE zinc is expected to trade at 26,000-2...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ?Copper: LME copper remains strong on continued increase of inventory. SHFE copper is expected to trade at 53,000-54,000 yuan/mt and spot discounts are to move at 100-50 yuan/mt supported by stockholders.Zinc: LME zinc performed strongly supported by firm fundamentals, and is expected to trade at $3,435-3,485/mt while SHFE zinc is expected to trade at 26,000-2...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ?Copper: LME copper remains strong on continued increase of inventory. SHFE copper is expected to trade at 53,000-54,000 yuan/mt and spot discounts are to move at 100-50 yuan/mt supported by stockholders.Zinc: LME zinc performed strongly supported by firm fundamentals, and is expected to trade at $3,435-3,485/mt while SHFE zinc is expected to trade at 26,000-2...Read More
VANCOUVER, British Columbia, Jan. 25, 2018 (GLOBE NEWSWIRE) - Orla Mining Ltd. (TSX VENTURE:OLA) ("Orla" or the "Company") is pleased to announce that it has entered into an agreement to acquire up to a 100% interest in the Monitor Gold exploration project (the "Project") consisting of 340 claims covering approximately 2,800 hectares in central Nevada. ...Read full newsRead More