Micaella Feldstein, Research Analyst at Natixis, suggests that as upside parallels are still intact on the daily chart of gold and as the daily MACD (trend indicator) remains bullish, dips towards the support at 1318 (daily parabolic) will be seen as corrective. Key Quotes “Gold is indeed expected to resume the upside to 1340-1342 (weekly Bollinger upper band) ahead of eyeing 1347 (declining...Read More
Dow futures are sluggish this morning, despite a round of relatively well-received blue-chip earnings and the end of the government shutdown. Verizon (VZ), Johnson & Johnson (JNJ), and Travelers (TRV) stocks are pointed higher after earnings, though fellow Dow stock Procter & Gamble (PG) is headed lower. The big earnings winner ahead of the bell so far is FAANG stock Netflix (NFLX), which has the...Read More
Gold looks constructive on the technical charts as the metalcontinues to get a “slight sparkle” with the U.S. dollar remaining nearthree-year lows, says LukmanOtunuga, research analyst at FXTM. “The yellow metal remains bullish onthe daily charts and has the potential to venture higher amid the weakeningU.S. dollar,” the analyst says. “From a technical standpoint, the...Read More
SANTIAGO, Jan 23 (Reuters) - Chile's conservative President-elect Sebastian Pinera on Tuesday named Senator Baldo Prokurica as incoming mining minister, a key post in the world's top copper exporter.Pinera, who won the presidency last month, governed the country from 2010 to 2014. He named his former Finance Minister Felipe Larrain to fill the same spot again in his incoming cabinet. (Reporting by...Read More
(Kitco News) - TheLondon Bullion Market Association is seeking proposals on how to develop a“blockchain” for gold to underpin integrity of the supply of the metal, theorganization announced Tuesday.Accordingto news reports, this would track metal to its origins, thereby helping preventuse of gold for financing terrorism, money laundering and helping resolve theproblem of “conflic...Read More
(Kitco News) - The London Bullion Market Association is seeking proposals on how to develop a “blockchain” for gold to underpin integrity of the supply of the metal, the organization announced Tuesday.According to news reports, this would track metal to its origins, thereby helping prevent use of gold for financing terrorism, money laundering and helping resolve the problem of “c...Read More
Phil Reason, chief executive of Instem Plc (LON:INS), caught up with Proactive's Andrew Scott while in London to meet with some of the firm's customers.Reason touched on their recently won two-year SEND (Standard for the Exchange of Nonclinical Data) outsourced services contract plus gave a quick run through of second-half trading.He says the big priorities for them in 2018 include capitalising on...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
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
Mr. John Burzynski reportsOSISKO INTERSECTS 415 G/T AU OVER 5.9 METRES AT LYNXOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and around...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 415 G/T AU OVER 5.9 METRES AT LYNXOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and around...Read More
PretiumResources Inc. (TSX,NYSE: PVG) produced 70,281ounces of gold at its Brucejack Mine in British Columbia during the fourthquarter as ramp-up continues. As a result, officials now list 152,484 ounces ofgold produced during the first six months of ramp-up. Officials say steadystate gold production is expected by mid to late 2018 as the ramp-up of mining into areas ofhigher-definition drill...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 91.56 G/T GOLD OVER 3.82 METRES AT SNIPSkeena Resources Ltd. has released additional drill results from nine holes at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: UG17-044: 12.59 grams per tonne gold over 4.70 metres; UG17-053: 58.70 g/t Au over 1.15 metres; UG17-054: 30.40 g/t Au over 1.50 metres...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 91.56 G/T GOLD OVER 3.82 METRES AT SNIPSkeena Resources Ltd. has released additional drill results from nine holes at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: UG17-044: 12.59 grams per tonne gold over 4.70 metres; UG17-053: 58.70 g/t Au over 1.15 metres; UG17-054: 30.40 g/t Au over 1.50 metres...Read More
Russia and Argentina signed Tuesday a memorandum of understanding to advance uranium exploration and production in the South American country, which already generates 5% of its electricity with three heavy-water nuclear reactors.The deal, sealed during a visit by Argentine President Mauricio Macri to Moscow, could bring up to $250 million in investments into the country's sector, according to Arg...Read More
Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.Still, the mood remains cautious and the focus has been on smaller deals after the damage inflicted by steep commodity price falls and as uncertainty surroun...Read More
Russian miner Alrosa (MCX:ALRS), the world's top diamond producer by output, said Tuesday it had signed 67 long-term contracts for the sale of gem quality and industrial rough diamonds.Twelve of those agreements, said the miner, are with Russian companies and include three new clients - Aives, Diapur and Kristalldiam.Apart from long-term deals, Alrosa also sells rough diamonds in almost equal...Read More
Zimbabwe's new government may soon scrap a 51% requirement of local ownership for foreign investors in the diamond and platinum sectors, in an effort to re-engage international lenders, curb spending and attract investors to revive the country's battered economy.Mnangagwa's administration has already repealed the 51% indigenization law, now only restricted to platinum and diamond mining.The...Read More
Gold mining stocks lagged behind the performance in prices for the precious metal last year, but they could surpass gold's rise in 2018.Read full newsRead More
MADISON, Wis. (AP) - A Wisconsin tribe is suing the federal government in hopes of blocking a proposed gold mine in Michigan's Upper Peninsula.Aquila Resources Inc. wants to dig the so-called Back Forty mine on the Menominee River but needs a state permit to fill wetlands.The river is a key part of Wisconsin's Menominee Indians' culture. The tribe filed a federal lawsuit Monday alleging Michigan l...Read More