Vancouver-based ML Gold Corp.(TSXV: MLG) announced that is has started a winter drilling program on the Stars property, located 40 kilometres south-west of Houston, British Columbia. The company acquired the mine in November from Pacific Empire Minerals Corp. and Divitiae Resources.In a press release, ML Gold informed that it has mobilized a diamond drill rig and drilling is underway. The program...Read More
In the wake of Tuesday's eleventh-hour record highs, bulls stayed the course in today's trading. Investors appeared to completely brush off some late-night nuclear brinksmanship on the part of President Donald Trump, with the VIX trading firmly lower throughout the course of the session. Meanwhile, the afternoon release of the latest Fed minutes didn't cause any major waves, with policymakers offe...Read More
(Reuters) - Bitcoin was the star of the white-knuckle ride that cryptocurrencies offered in 2017 but lesser-known names, such as Ripple and Ethereum, are seen gaining prominence in 2018.While bitcoin jumped more than 1,200 percent last year, Ripple, created by the founder of bitcoin exchange Mt Gox, surged 35,000 percent in the same period.That means $100 invested in Ripple in January 2017 would h...Read More
(Adds details on specific stocks, updates prices)* TSX finishes up 61.56 points, or 0.38 percent, at 16,371.55* Six of the TSX's 10 main groups move higher By Alastair SharpTORONTO, Jan 3 (Reuters) - Canada's main stock index notched its highest-ever close on Wednesday, boosted by a jump in shares of BlackBerry Ltd after it announced a self-driving deal with China's Baidu and by sharp gains for...Read More
Palladium was up 55% in 2017 - the best performing commodity in the world - and if the first two days of this year are anything to go by, 2018 will see a repeat...Read full newsRead More
Gold retraces a small part of yesterday's gains. Wall Street starts the day on a positive note. DXY edges higher toward 92 on upbeat data. After closing eight straight days with robust gains, the XAU/USD pair lost traction on Wednesday and pulled away from the highest level since mid-September that was set at $1321 yesterday. As of writing, the pair was trading at $1316.70, down 0.07% o...Read More
VANCOUVER, British Columbia, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Argentina Lithium & Energy Corp.(TSX-V:LIT) (FSE:OAY1) (WKN:A0RK7E) (OTC:PNXLF), "Argentina Lithium" or the "Company") is pleased to provide anupdate with respect to the completion of its private placement (the "Private Placement...Read full newsRead More
While it's pulled back a bit since New Year, the price of copper ended 2017 near a four-year high of $3.30 a pound ($7,260 per tonne) extending the bull run in the red metal for a second year. Measured from its multi-year lows struck at the beginning of 2016, copper has gained more than 70% in value.The rally for zinc has been even more spectacular with the metal, mainly used to galvanize steel, e...Read More
Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News)- "Steadyas she goes" will be the best way to describe the gold market in 2018 with themarket sensitive to upside surprises, according to researchers at Murenbeeld& Co.Chantelle Schieven Head of research at Murenbeeld & Co In aninterview with Kitco News, Chantelle Schieven, head of research at the firm,said that h...Read More
(Kitco News) - News that billionaire entrepreneur Peter Thiel’s Founders Fund bought “hundreds of millions of dollars” in cryptos, boosted bitcoin’s deflating price levels on Wednesday.Thiel’s fund purchased somewhere between $15 million to $20 million worth of digital currencies since mid-2017, the Wall Street Journal reported.Following the news, bitcoin prices surge...Read More
(Kitco News) - News that billionaire entrepreneur Peter Thiel’s Founders Fund bought “hundreds of millions of dollars” in cryptos, boosted bitcoin’s deflating price levels on Wednesday.Thiel’s fund purchased somewhere between $15 million to $20 million worth of digital currencies since mid-2017, the Wall Street Journal reported.Following the news, bitcoin prices surge...Read More
WINNIPEG, Manitoba/CALGARY, Alberta, Jan 3 (Reuters) - Suncor Energy Inc said on Wednesday it and Teck Resources Ltd have taken higher stakes in the Fort Hills oil sands mine from partner Total SA, resolving a dispute over building costs.Under terms of the deal, Suncor and Teck will fund more of the C$17 billion ($13.56 billion) project's capital cost - C$300 million and C$120 million more respect...Read More
LONDON, Dec 22 (Reuters) - A little bit of metals history was recorded on March 29 this year.The small Central American country of El Salvador became the first nation to ban all exploration, mining and processing of metals.Don't worry if you didn't notice. El Salvador doesn't have any operating mines. It was going to have a gold mine, but in a public debate pitting economic growth against clean wa...Read More
WANdisco PLC (LON:WAND) shares were strong in late afternoon trading, jumping nearly 10% higher to 626p on news the firm has secured a record contract for its live data platform with a "world-leading" financial institution.The AIM listed group said the contract is worth US$4.3mln in royalties to the company, and will see it deploy its WANdisco Fusion platform to the client.The company said the con...Read More
Getty ImagesFederal Reserve Chair Janet Yellen leaves after her last news conference in the leadership role on December 13. The Federal Reserve in December forecast three rate hikes in 2018 but minutes of that central bank meeting released Wednesday show a distinct lack of unity with the projection. The minutes portray two camps, of roughly the same size, who are both uncomfortable with the foreca...Read More
Brokerage firm SunTrust Robinson weighed in bullishly on the restaurant sector today, saying it expects tax reform to provide tailwinds for the group. Included in the note was a price-target hike for burger chain Shake Shack Inc (NYSE:SHAK) to $60 from $50. SHAK stock has added 7.6% as a result to trade at $47.01, earlier hitting a two-year high of $47.39. However, options traders are seemingly b...Read More
Corning Incorporated (NYSE:GLW) has started 2018 off hot, up almost 4% already, and touching a nearly 17-year high of $33.10 earlier today. It appears this rally might have legs, too, with the iPhone glass manufacturer sending up a buy signal to short-term options traders right now.At last check, Corning stock was trading near its session highs -- up 1.9% at $33.22. The equity has tacked on an imp...Read More
* Stock markets globally start 2018 on cheerful note* S&P cruises past 2,700 as tech stocks advance* Dollar up after strong U.S. data, ahead of Fed minutes (Updates with reaction to Fed minutes; adds commentary)By Stephanie KellyNEW YORK, Jan 3 (Reuters) - The U.S. dollar extended gains against key currencies on Wednesday after the release of minutes from last month's Federal Reserve meeting,...Read More
Editor's Note: Carley Garner, president of DeCarley Trading, provided exclusive commentary for Kitco News' 2018 Outlook Series.(Kitco News)- Gold and silver have taken a backseat to Bitcoin-mania,but they are still more relevant assets.Carley Garner, president of DeCarley Trading Bitcoin has dominated the financial news cycle, but inthe long run, this particularcryptocurrency might be more bark th...Read More
Gold rose for a ninth consecutive session Wednesday, settling at its highest since the middle of September, with haven demand for the precious metal supporting prices even as a bruised dollar strengthened. Prices, however, retreated in electronic trading after the release of minutes from the U.S. Federal Reserve's December monetary policy meeting. February gold GCG8, -0.64% rose $2.40, or 0.2%, t...Read More