Mr. Walt Coles Jr. reportsSKEENA COMMENCES TRADING ON OTCQXSkeena Resources Ltd. has been accepted by the OTC Markets Group Inc.to trade on its OTCQX Best Market. Skeena Resources begins trading today on OTCQX under the symbol SKREF. "We are pleased to welcome Skeena Resources to the OTCQX Best Market," said Jason Paltrowitz, executive vice-president of corporate services at OTC Markets Group. "S...Read More
Mr. Walt Coles Jr. reportsSKEENA COMMENCES TRADING ON OTCQXSkeena Resources Ltd. has been accepted by the OTC Markets Group Inc.to trade on its OTCQX Best Market. Skeena Resources begins trading today on OTCQX under the symbol SKREF. "We are pleased to welcome Skeena Resources to the OTCQX Best Market," said Jason Paltrowitz, executive vice-president of corporate services at OTC Markets Group. "S...Read More
Interest rates are running higheras the Fed proves how worthless it is as they lose control. The game ofmanipulation is over, and the Fed is being backed into a corner. This is not anew story; the Fed has never been right in their exit and they are going to bewrong again.The equities are gettingclobbered for the third day in a row, and the metals are struggling to staynear the unchanged level. Gol...Read More
Stock futures are signaling an extended sell-off after Friday's historic pullback. Specifically, the Dow Jones Industrial Average (DJI) is pacing for a more than 200-point drop at the open, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are set for sharp slides, as well. As such, volatility will likely remain in focus, as the CBOE Volatility Index (VIX) comes off its highest close since...Read More
"Another headline that took me back to the mid-1990s was the one describing the longest overbought streak in 21 years. On Friday, the SPX's 14-day Relative Strength Index (RSI) was above 70 for the 17th straight day. According to the Bloomberg article, the last time the index had an 'overbought' streak like this was 18 days in November-December 1996...This overbought streak may be worth watching i...Read More
South Australia unveils plans to build 250MW "virtual power plant", linking household rooftop solar and battery storage, in what it says will be world's biggest. It will involve 5...Read full newsRead More
Nissan Motor Co. intends to spend 1 trillion yen ($9 billion) over five years in China as it vies to become the largest global electrified vehicle maker in the country.Read full newsRead More
Inflows ofgold into physically backed exchange-traded products hit 32 tonnes in Januaryafter a lackluster fourth quarter, when holdings rose by a modest 10 tonnes,says Standard Chartered. “ETP inflows since the start of 2017 are at profitablelevels; only if prices fall below $1,200/oz do almost 250 tonnes becomeloss-making, which is not our base-case scenario,” the bank says in a resea...Read More
(Kitco News) - The sell-off in equities gained momentum overnight as globalinvestors stewed over the weekend following Friday’s carnage. The market wasalready stretched and the rise in the yield curve and a hawkish Fed was thecatalyst that created the sell-off. Metals reacted as in past equity marketsell-offs, with investors initially raising cash to meet margins and pick up perceived value....Read More
(Kitco News) - The sell-off in equities gained momentum overnight as global investors stewed over the weekend following Friday’s carnage. The market was already stretched and the rise in the yield curve and a hawkish Fed was the catalyst that created the sell-off. Metals reacted as in past equity market sell-offs, with investors initially raising cash to meet margins and pick up perceived va...Read More
(Kitco News) - Gold and silver markets are modestly higher in early U.S. trading Monday, on a bitof safe-haven demand as world equity markets are under strong selling pressure.A stabilized U.S. dollar index is limiting the upside in the precious metalsmarkets early this week. April Comex gold futures were last up $2.30 an ounceat $1,339.70. March Comex silver was last up $0.116 at $16.825 an ounce...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
• Subdued USD demand lends some support. • Risk-off mood provides an additional boost. • Fed rate hike prospects to cap strong gains. Gold consolidated Friday's downfall to over 2-week lows and was seen oscillating in a narrow trading band around the $1330 region. Friday's robust US jobs data raised prospects of at...Read More
(Kitco News) - While some have been shying awayfrom the gold market, with prices seeing their biggest daily decline in twomonths Friday, one country is paying close attention to the precious metal --Russia.According to Shae Russell, leadeditor of Markets & Money, the country’s path to increasing its goldreserves is something that shouldn’t be ignored.“Even though the precious...Read More
The Democratic Republic of Congo's state-owned miner, G?(C)camines, is seeking to take advantage of the country's new mining code and revise contracts with its international partners, as it claims the old rules meant foreign firms benefitted more from the country's riches than local producers.The company, which is heavily indebted and has consistently failed to meet production targets as of late,...Read More
The Democratic Republic of Congo's state-owned miner, G?(C)camines, is seeking to take advantage of the country's new mining code and revise contracts with its international partners, as it claims the old rules meant foreign firms benefitted more from the country's riches than local producers.The company, which is heavily indebted and has consistently failed to meet production targets as of late,...Read More
The Democratic Republic of Congo's state-owned miner, G?(C)camines, is seeking to take advantage of the country's new mining code and revise contracts with its international partners, as it claims the old rules meant foreign firms benefitted more from the country's riches than local producers.The company, which is heavily indebted and has consistently failed to meet production targets as of late,...Read More
Mr. Mark Kolebaba reportsADAMERA STARTS DRILLING THE SE-01 VTEM TARGETAdamera Minerals Corp. has begun drilling on the SE-01 targets, the first of a number of gold targets recently approved for drilling by the U.S. Forest Service (see news release dated Jan. 29, 2018).The target is located approximately four kilometres from the Kettle River gold mill in Washington State. The SE-01 target was init...Read More
Mr. Mark Kolebaba reportsADAMERA STARTS DRILLING THE SE-01 VTEM TARGETAdamera Minerals Corp. has begun drilling on the SE-01 targets, the first of a number of gold targets recently approved for drilling by the U.S. Forest Service (see news release dated Jan. 29, 2018).The target is located approximately four kilometres from the Kettle River gold mill in Washington State. The SE-01 target was init...Read More
Three years after a commodity slump left their finances in shambles, mining companies are swimming in so much cash that investors aren't sure where the industry will spend it all.With metals from zinc to palladium trading at multi-year highs, four of the world's top producers generated combined free cash flow last year of about $87 million a day. Some of the unprecedented windfall is earmarked for...Read More