Nicaragua-focused Condor Gold (LON:CNR) (TSX:COG) expects to begin construction at its 100%-owned La India Project in the first half of the year, following the reception of final permits currently being processed by the country's government.The company, which just this week started trading in the Toronto Stock Exchange, knows that acquiring the pending licences would not only represent a signifi...Read More
Nicaragua-focused Condor Gold (LON:CNR) (TSX:COG) expects to gain all the necessary permits for its 100%-owned La India Project in the first half of the year, chief executive Mark Child said.The company, which just this week started trading in the Toronto Stock Exchange, knows that acquiring the pending licences would not only represent a significant milestone, but it would also materially de-ri...Read More
Nicaragua-focused Condor Gold (LON:CNR) (TSX:COG) expects to gain all the necessary permits for its 100%-owned La India Project in the first half of the year, chief executive Mark Child said.The company, which just this week started trading in the Toronto Stock Exchange, knows that acquiring the pending licences would not only represent a significant milestone, but it would also materially de-ri...Read More
* Reserve bank interest rate decision due on Thursday* Rand recovery, politics boost rate cut chances* Markets point to 56 pct chance of 25 basis point cut By Mfuneko ToyanaJOHANNESBURG, Jan 17 (Reuters) - South Africa's central bank is most likely to cut interest rates by 25 basis points on Thursday, forward markets showed on Wednesday, as the rand currency continues its rally and political tens...Read More
Shares of oncology biotech Halozyme Therapeutics, Inc. (NASDAQ:HALO) are trading 12.2% lower before the open, after Deutsche Bank analyst Andrew Peters cut his price target by $2 to $19. Peters labeled the company's experimental enzyme for hyaluronic acid (HA) as "disappointing" and said the development of the treatment brings on additional risk. On the other hand, Peters noted Halozyme's Enhanze...Read More
NEW YORK, Jan 17 (Reuters) - The dollar held its earlier gains versus a basket of currencies on Wednesday as stronger-than-forecast data on domestic industrial output in December supported the notion of a steady U.S. economic expansion. At 9:27 a.m. (1427 GMT), the index that tracks the greenback against six other major currencies was last up 0.27 percent at 90.639. It fell to a three-year low ear...Read More
One day after the Dow Jones Industrial Average (DJI) took a brief trek north of 26,000 for the first time ever, futures on the blue-chip index are signaling a triple-digit jump out of the gate. Financial earnings continue to be in focus, with Goldman Sachs (GS) stock lower in pre-market trading after the big bank posted its first quarterly loss in six years, though profit beat on an adjusted basis...Read More
The U.S. dollar index is stabilizing Wednesday, afterfalling to a three-year low, but, Lukman Otunuga, research analyst at FXTM,questions whether this is the start of a new uptrend. “Heightened politicaluncertainty in Washington is likely to weigh heavily on the Dollar and may fuelthe downside,” he says. “Dollar bulls are clearly struggling to find freshinspiration from Fed hike...Read More
(Refiles to fix typo in 8th paragraph)* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 17 (Reuters) - The euro fell nearly half a percent on Wednesday after rocketing to a fresh three-year high above $1.23 as some investors ramped up bullish bets about the currency, though concerns voiced by policymakers this week damped broader optimism.Reflecting the apparent disquiet among som...Read More
(Kitco News) - Gold continues to consolidate,awaiting further signals on the direction of the dollar. Recent comments by BOJand ECB officials on concerns around the strengthening of the yen and euro againstthe dollar have created a pause in the dollar weakness. Yesterday's reversal inthe Dow from an opening 200 plus point gain to a negative close is alsocreating speculation that the equity market...Read More
(Kitco News) - Gold pricesare just a bit lower in early U.S. trading Wednesday, on some minorbacking and filling on the charts after prices scored a four-month high onTuesday. February Comex gold was last down $1.40 an ounce at $1,335.60. March Comex silver was last up $0.021 at $17.21 an ounce.Goldand silver market bulls are still sitting comfortable, amid their positivechart postures, a deprecia...Read More
SASKATOON, SK--(Marketwired - January 17, 2018) - Winter Exploration ProgramUEX Corporation (TSX: UEX) (OTC PINK: UEXCF) (FRANKFURT: UXO) ("UEX" or the "Company") is pleased to announce that the Company plans to spend $1.5 million drilling its 100% owned West Bear Cobalt-Nickel Prospect located on the Hidden Bay project, immediately east of the West Bear Uranium Deposit ("WBU Deposit"). The drill...Read More
Once again, the master manipulators, better known as theFederal Reserve, are manipulating dollars to try and keep interest rates low.They are scared to death that rates will get away from them, as they have everytime. They have tried to control and keep them artificially low.The entire QE program has been a debt building bust, fromBernanke through Yellen and there are no real changes expected. The...Read More
Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers, has begun offering early and voluntary retirement to at least 130 of its 1,700 workers, Xinhua reports.According to the agency, the move seeks to ensure the sustainability of Namdeb land-based operations, which is facing potential sales, Mineworkers Union of Namibia Oranjemund branc...Read More
Presidential candidate for the conservative National Integration Party (PIN in Spanish), Diego Castro, caused controversy in Costa Rica after he called environmentalist groups "eco-terrorists."Castro, who has been compared by local media to Donald Trump and Rodrigo Duterte, as well as accused of right-wing populism, said that if he wins the election, he would not yield to ecologists' "petty demand...Read More
Presidential candidate for the conservative National Integration Party (PIN in Spanish), Diego Castro, caused controversy in Costa Rica after he called environmentalist groups "eco-terrorists."Castro, who has been compared by local media to Donald Trump and Rodrigo Duterte, as well as accused of right-wing populism, said that if he wins the election, he would not yield to ecologists' "petty demand...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD TARGETS HIGHER PRODUCTION, IMPROVED UNIT COSTS IN 2018 GUIDANCE, ANNOUNCES NEW SHAFT PROJECT FOR MACASSAKirkland Lake Gold Ltd. has provided the company's full-year guidance for 2018, which includes increased production, improved unit costs, andhigher levels of capital and exploration expenditures in support of the company's objective of growing annual...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD TARGETS HIGHER PRODUCTION, IMPROVED UNIT COSTS IN 2018 GUIDANCE, ANNOUNCES NEW SHAFT PROJECT FOR MACASSAKirkland Lake Gold Ltd. has provided the company's full-year guidance for 2018, which includes increased production, improved unit costs, andhigher levels of capital and exploration expenditures in support of the company's objective of growing annual...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
Stocks have shot higher to begin 2018. The S&P 500 Index (SPX) is up nearly 4% in the first 10 trading days of the year, giving it its best start since 2003. This is a good sign based on the popular January Barometer, which asserts that no matter how January fares, the rest of the year will follow. Below, I run the numbers for the January Barometer and break them down to relate to the current trad...Read More