NVIDIA Corporation (NASDAQ:NVDA) stock turned in its best week since July last week, capitalizing on Intel's (INTC) controversial chip issues. Then, at the Consumer Electronics Show (CES) this weekend, NVIDIA announced it ispartnering with Uber, Volkswagen, and Baidu, to provide graphics chips for artificial intelligence (AI) in driverless cars. The big news has NVDA stock up another 2.7% to trade...Read More
Nigeria, Africa's biggest oil producer and a member of OPEC, has suffered fuel shortages over the past few weeks. They complicated transport and hurt economic activity and, in the words of President Muhammadu Buhari, ensured that for many Nigerians the Christmas holidays were "anything but merry and happy." His administration says it's working overtime to end the queues that have formed at gasolin...Read More
Mr. Marc Prefontaine reportsORLA INTERSECTS 102.5 METRES GRADING 0.46 G/T AU AND 1.21% CU AT THE CERRO QUEMA PROJECT, PANAMA Orla Mining Ltd. is providing new results from the 2017 drill program at its wholly owned Cerro Quema project in Panama.Highlights are from the last two holes drilled in the Caballito copper-gold zone.Hole CQDH17-148 intersected 102.5 metres grading 0.46 gram per tonne gold...Read More
Mr. Marc Prefontaine reportsORLA INTERSECTS 102.5 METRES GRADING 0.46 G/T AU AND 1.21% CU AT THE CERRO QUEMA PROJECT, PANAMA Orla Mining Ltd. is providing new results from the 2017 drill program at its wholly owned Cerro Quema project in Panama.Highlights are from the last two holes drilled in the Caballito copper-gold zone.Hole CQDH17-148 intersected 102.5 metres grading 0.46 gram per tonne gold...Read More
Gold & Silver Spot Gold higher again to the next target of 1325/26 as we look for 1330/31 & 1334/35. I am concerned about severely overbought conditions but no sell signal so shorts are out of the question. Watch first support at 1316/15. Below here risks a slide to 1310/09 then a buying opportunity at 1306/04. Stop below 1300. Silver Spot key to direction is resistance at 1718/20 of cours...Read More
After posting their strongest first week in years, U.S. stocks are set to open slightly lower this morning. The Fed will be in focus amid a relatively light economic and earnings docket, with Boston Fed President Eric Rosengren, Atlanta Fed President Raphael Bostic, and San Francisco Fed President John Williams all slated to speak. Traders will be looking for any insight on the potential timeline...Read More
(Kitco News) - Coeur Mining, Inc. (NYSE: CDE) posted record silver-equivalent production in thefourth quarter and full-year 2017, the company announced Monday.The company said fourth-quarteroutput hit a record of 11.7 million silver-equivalent ounces, which was aquarter-on-quarter gain of 23% and year-on-year gain of 17%. This consisted of4.5 million ounces of silver and 119,114 ounces of gold, bo...Read More
• Strong USD recovery prompts profit taking. • Further weighed down by risk-on mood/positive US bond yields. Gold traded with a mild negative bias for the second consecutive session on Monday and retreated further below a 3-1/2 month peak touched last week. The post-NFP US Dollar recovery kept exerting some downward pressure around dollar-denominated...Read More
Canada's Cruz Cobalt (TSX-V:CUZ) plans to go all in at its projects in North America in 2018, particularly at its three British Columbia-based properties, as the junior miner bets on the growing demand for ethically sourced cobalt, a key ingredient in the batteries used in electric vehicles."We plan to be active on all of our Canadian and US cobalt projects in 2018," the company's president James...Read More
"From a seasonality perspective, there is hope for the bulls, with New Year's week having a historically bullish seasonality... [but] with [the Santa Claus rally] yet to arrive, the Fed might be labeled as the Grinch that is stealing Santa's thunder... "[T]he levels that are a round 20% above the SPX and SPDR S&P 500 ETF Trust (SPY - 266.86) 2016 closes -- 2,686.60 and $268.23 - have been areas of...Read More
The board of directors of Equinox Gold Corp. (TSXV: EQX,OTC: LWLCF) has approved full-scale construction of the Aurizona Gold Mine inBrazil, with the cost estimated at $146 million, the company says. Early-worksconstruction began in the third quarter, and the company’s timetable calls fora gold pour by late 2018. “This will be a milestone year for Equinox Gold as weadvance Aurizona and...Read More
Aaron LeBlanc, COO of oil and gas company Aminex (LON:AEX) talks Proactive through developments at the Ntorya 1/2/3 wells in Tanzania. The new operations, Aaron explains, will enable Aminex to exploit further multiple leads and assets there in the very near future. See Kiliwani North well updates here too, particularly on a significant recharge happening at the reservoir close to the well bore. Aa...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Updates with official midday prices)By Maytaal AngelLONDON, Jan 8 (Reuters) - Copper steadied on Monday as the market consolidated after strong gains in December and as a firmer dollar weighed, while aluminium hit a near two-week low amid growing stockpiles in China.The dollar rose against the euro, making dollar-priced metals costlier for non-U.S. in...Read More
Trading ingold futures is being dominated by moves in the U.S. dollar at the moment, althoughthe yellow metal remains range-bound, says George Gero, managingdirector with RBC Wealth Management. As of 9:10 a.m. EST, Comex February gold was down $2.20 to $1,320.10 anounce. Meanwhile, the March dollar index was up 0.38 point at 92.055. “We still see some profittaking but better open...Read More
(Kitco News) - Gold prices are modestly lower in early U.S. trading Monday. Some profit-taking andchart consolidation are featured, which is not unexpected after recent goodgains that pushed prices to a 3.5-month high last week. February Comex gold waslast down $3.50 an ounce at $1,318.80. March Comex silver was last down $0.13at $17.155 an ounce.Worldstock markets were mixed to firmer in quieter...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
Gold has had a monsterrally of almost $90 over the last 19 trading days. What looked like a breakdownturned into a great buying opportunity or a short squeeze. On Thursday, goldlooked like it had the final blow-off to the upside on heavy volume, making ahigh at $1,327.30 in the February futures. Since Thursday, gold has tradedslightly lower than the high but has stayed inside a $20 range. Typicall...Read More
Gold has had a monster rally of almost $90 over the last 19 trading days. What looked like a breakdown turned into a great buying opportunity or a short squeeze. On Thursday, gold looked like it had the final blow-off to the upside on heavy volume, making a high at $1,327.30 in the February futures. Since Thursday, gold has traded slightly lower than the high but has stayed inside a $20 range. Typ...Read More
Mr. Christian Milau reports EQUINOX GOLD ANNOUNCES FULL-SCALE CONSTRUCTION OF THE AURIZONA GOLD MINEEquinox Gold Corp.'s board of directors has approved the start of full-scale construction at the Aurizona gold mine in Brazil. All dollar amounts shown are in U.S. dollars.Early works construction has been under way at Aurizona since the third quarter of 2017. The project is advancing well and remai...Read More
Mr. Christian Milau reports EQUINOX GOLD ANNOUNCES FULL-SCALE CONSTRUCTION OF THE AURIZONA GOLD MINEEquinox Gold Corp.'s board of directors has approved the start of full-scale construction at the Aurizona gold mine in Brazil. All dollar amounts shown are in U.S. dollars.Early works construction has been under way at Aurizona since the third quarter of 2017. The project is advancing well and remai...Read More