It was a brutal year for the United States Natural Gas Fund (UNG) in 2017, as the exchange-traded fund (ETF) shed more than 37% of its value over the course of that 12-month stretch. In fact, the fund was trading around $5 at the start of 2018, just prior to a reverse 4-for-1 share split executed after the close on Jan. 4 -- which accomplished the ostensible goal of pulling the ETF back from the p...Read More
Stock futures are signaling a second straight day of sharp losses, as the 10-year Treasury yield holds near a three-year high of 2.7%. Traders are also reacting to news Amazon (AMZN), Berkshire Hathaway (BRK.A), and JPMorgan Chase (JPM) are teaming up to tackle rising healthcare costs for their U.S. employees, with blue-chip insurance giant UnitedHealth (UNH) down more than 6% ahead of the bell --...Read More
Gold is likely to consolidate in the near term even though themetal may be headed toward $1,400 an ounce yet this year, says TD Securities.For one thing, forex and gold traders want to see what Federal Reservepolicymakers say at their meeting this week before becoming too aggressive. “It is likely that with the Fed signaling a March hike, there willbe many market participants choosing to tak...Read More
(Kitco News) - Gold and silver markets are modestly higher in early U.S. trading Tuesday. A weakerU.S. dollar index is working in favor of the precious metals market bulls onthis day. April Comex gold futures were last up $0.90 an ounce at $1,345.80. March Comex silver was last up $0.043 at $17.185 an ounce.Worldstock markets were mostly weaker overnight. U.S. stock indexes are pointedtoward lowe...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
Alio Gold Inc.(TSX, NYSE AMERICAN: ALO)says 2018 production at the San Francisco Mine in Mexico is forecast toincrease to between 90,000 and 100,000 ounces. All-in sustaining costs areprojected at between $1,000 and $1,100 per ounce, and capital and mine siteexploration spending is pegged at between $2.5 and $3 million “After aturnaround year in 2017, we are expecting the San Francisco Mine...Read More
* Graphic: World FX rates in 2017 By Saikat Chatterjee and Tommy WilkesLONDON, Jan 30 (Reuters) - The dollar reversed earlier gains and fell a quarter of a percent on Tuesday after U.S. yields pulled back from recent highs while the euro strengthened after economic data confirmed the euro zone economy is growing at a healthy clip.The greenback is set for its biggest monthly decline since July 2017...Read More
Markets are under pressure -- theequities, dollar, oil and gold are all struggling at these lofty levels.Equities are as overbought as they have been in history, based on the RSI. On aweekly and monthly basis, the RSI has never been higher. This is the firstmarket I can remember which only goes up and hasn't had two-way trade. Even thefamous bubbles of the 1990s and 2008 went up and down.Gold and...Read More
Mr. Walt Coles reportsSKEENA INTERSECTS 44.10 G/T GOLD OVER 1.50 METRES AT SNIPSkeena Resources Ltd. has released results from the final 12 holes of the 62-hole diamond drill program completed at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: 10.02 grams per tonne gold over 4.15 metres (UG17-049); 9.21 g/t Au over 5.88 m (UG17-050);44.10 g/...Read More
Mr. Walt Coles reportsSKEENA INTERSECTS 44.10 G/T GOLD OVER 1.50 METRES AT SNIPSkeena Resources Ltd. has released results from the final 12 holes of the 62-hole diamond drill program completed at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: 10.02 grams per tonne gold over 4.15 metres (UG17-049); 9.21 g/t Au over 5.88 m (UG17-050);44.10 g/...Read More
Despite beginning the year in good shape, the global iron ore industry is starting to experience a fresh drop in prices that has analysts trying to decide whether this is the start of a deeper downtrend or a pull-back.According to the Metal Bulletin, the price for benchmark 62% fines slipped Tuesday below $73 per tonne, down $1.36 per tonne month-to-date average.Chinese iron ore futures ticked hi...Read More
On January 30th, 2018, Kate Hiscox, President of Venzee Technologies Inc. (TSX-V: VENZ), Marc Sylvestre, CTO and the Venzee team will be present at the Toronto Stock Exchange to open the day's trading session.Kate Hiscox, President of Venzee Technologies, commented, "We are thrilled to be opening the bell at the Toronto Stock Exchange, and sharing it with those who have supported our growth....Read More
Mining giant Rio Tinto's (ASX, LON, NYSE: RIO) driverless trucks fleet has achieved a major milestone as it moved its one-billionth tonne of material in Western Australia's Pilbara region last month, the company said.The figure corresponds to roughly 25% of both ore and waste material hauled last year across the company's five sites in the Pilbara region, including the newly commissioned Silvergra...Read More
Scott Pruitt's decision maintains the Obama-era stance that the operation could harm world's largest sockeye salmon fishery.Read full newsRead More
Toro Gold became Africa's newest gold producer last week after delivering first batch of bullion; firm is now weighing possibility of selling shares in 2018.Read full newsRead More
Santo Domingo. -Prominent ecologist Luis Carvajal, on Mon. warned that gold mining in the San Juan province (west) couldRead full newsRead More
When Advanced Micro Devices Inc. reports earnings, investors will look at the results for clues about how cryptocurrency mining is figuring into sales and the forecast for indications about the effects of chip-design flaws.Read full newsRead More
DUBAI, UAE / ACCESSWIRE / January 17, 2018 / Sudan Gold Coin (SGC Token), is among few Cryptocurrency that is backed by real physical assets. It is a unique combination of Real Gold Mining with Blockchain ...Read full newsRead More
Maintains industry lowest quartile AISC over new Life of Mine at CAD$692 / oz. Au (USD$555 / oz. Au)Canadian dollars unless otherwise notedVANCOUVER, Jan. 2...Read full newsRead More
(This version of the Jan. 26 story corrects headline, first, third and fifth paragraphs to show the EPA has maintained restrictions and not halted project approval process.)Read full newsRead More