Last year I predicted that oil, specifically West Texas Intermediate, would end the year with a price of $61.55 a barrel. On the last trading day of the year, it closed at $60.28. I apologize for falling short.As I write this, WTI is trading at $60.85, and it is in a solid uptrend. The price of crude has been going up since January of 2016. As you can see by the chart above, it is now at a crucia...Read More
Source: Thomson Reuters Datastream; BMG Group Inc.Read More
Gold is the money of kings, but silver is the money of commerce. Here's a look at how silver is the key to humanity's future...Ken Schortgen interviewed by Rory Hall on The Daily CoinThe conversation starts off with the recent developments out of Venezuela in general, and the "petro" specifically. Ken believes the announcement of the "petro" cryptocurrency is a way to buy time to pay off the milit...Read More
Michael Oliver explains why he is bullish on commodities including precious metals and especially agricultural commodities in the new year.Read More
Why should we expect gold stocks to breakout this year? Jordan Roy Byrne from The Daily Gold provides five reasons.Read full newsRead More
Canadian gold miner Golden Star Resources said on Tuesday two employees died on Dec. 29 after inhaling poisonous gasses at the company's Prestea underground gold mine in Ghana.Read full newsRead More
GSE: GSR) (Read full newsRead More
The Welsh mine that produced the gold for three generations of royal wedding rings is to reopen after nearly 20 years.Read full newsRead More
There's gold in them there hills?EUR?-?EUR?or is there? In the Superstition Mountains outside of Phoenix, people have died trying to find out.Read full newsRead More
Mergers and acquisitions in the mining industry ticked higher in 2017 compared with the year before. But deal-making activity is still a long way below the boom yearsRead full newsRead More
SHANGHAI, Jan 3 (Reuters) - China's yuan eased against the U.S. dollar on Wednesday after the central bank set the daily midpoint at its strongest level in 20 months, prompting a rush of dollar buying by corporates.Prior to market opening on Wednesday, the People's Bank of China (PBOC) set its official yuan midpoint at 6.4920 per dollar, breaching the key threshold 6.5 per dollar level.Wednesday's...Read More
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2018) - ML Gold Corp. (TSXV: MLG) (Read full newsRead More
ELKO - Mining headlines in 2017 united the hardrock mining community of Northern Nevada, as readers rallied around news of tragedies, growth, regulatory changes and giving. Here is a lookRead full newsRead More
By Aditya SoniJan 3 (Reuters) - Most Southeast Asian stock markets rose on Wednesday, tracking gains across Asia, with the Philippines rising more than 1 percent to a fresh record on its first trading day of the year.A bevy of strong manufacturing data that underscored an upturn in world economic growth boosted risk appetite, lifting broader Asian stocks to a fresh decade high. MSCI's index of Asi...Read More
The Trump administration on Tuesday threw the weight of the U.S. government behind the protesters taking to the streets of Iran, rooting them on despite the risk of helping Iranian authorities dismiss a week of major demonstrations as the product of American instigation. As Iran's supreme...Read full newsRead More
Indonesia's government has extended until June 30, 2018, the temporary special mining permit it issued to PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan (NYSE:FCX).The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations in the country, wh...Read More
Indonesia's government has extended until June 30, 2018, the temporary special mining permit it issued to PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan (NYSE:FCX).The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations in the country, wh...Read More
Indonesia's government has extended until June 30, 2018, the temporary special mining permit it issued to PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan (NYSE:FCX).The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations in the country, wh...Read More
CloseGain/LossGold $1318.20+$15.00Silver$17.17+$0.23XAU88.14+3.36%HUI198.60+3.27%GDM666.00+2.30%JSE Gold1317.36+13.77USD91.86-0.44Euro120.65+0.62Yen89.12+0.31Oil$60.37-$0.0510-Year2.458%+0.047T-Bond151.84375-1.15625Dow24824.01+0.42%Nasdaq7006.90+1.50%S&P2695.79+0.83% The Metals: Gold gained $11.20 to $1314.40 in midmorning New York trade before it pared back heading into midday, but it the...Read More