Recent News

Uruguay says consumer prices rose 0.13 percent in May

June 05, 2017 / www.kitco.com

MONTEVIDEO, June 5 (Reuters) - Consumer prices in Uruguay rose 0.13 percent in May from the prior month, government data showed on Monday, bringing the country's 12-month inflation rate to 5.58 percent. That marked the third straight month in which inflation was in the central bank's target range of 3 to 7 percent. The 12-month rate entered the target range for the first time since 2010 in March.(...Read More

UPDATE 2-Sterling hits 10-day high as traders bet on Tory victory

June 05, 2017 / www.kitco.com

* Graphic: Sterling and gilt yields * Graphic: World FX rates in 2017 * Graphic: Trade-weighted sterling since Brexit vote (re-leads, updates prices)By Ritvik Carvalho and Jemima KellyLONDON, June 5 (Reuters) - Sterling rose to its highest in ten days against the dollar on Monday, with investors taking comfort from a opinion poll that gave Britain's ruling Conservative Party a comfortable lead ahe...Read More

Russian gold producer Polyus returning to LSE

June 05, 2017 / www.marketwatch.com

MOSCOW -- Polyus PJSC, Russia's largest gold producer, announced a return Monday to the London Stock Exchange following a two-year hiatus. The company said the offering would comprise at least 7% of its issued share capital. Polyus has a market capitalization of $9.9 billion on the Moscow Exchange. The company delisted in 2015 to ensure its eligibility to bid for the Sukhoi Log deposit, one of the...Read More

CHART: Commodity prices slump to 50-year low against US stocks

June 05, 2017 / www.mining.com

The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world's largest economy remains stuck around the 1% level."Following the notion of mean reversion, we should be seeing attractive investment opportunities"In contrast the S&P GSCI All Commodities index is flat so far in 2017 although prices for energy, m...Read More

CHART: Commodity prices slump to 50-year low against US stocks

June 05, 2017 / www.mining.com

The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world's largest economy remains stuck around the 1% level."Following the notion of mean reversion, we should be seeing attractive investment opportunities"In contrast the S&P GSCI All Commodities index is flat so far in 2017 although prices for energy, m...Read More

CHART: Commodity prices slump to 50-year low against US stocks

June 05, 2017 / www.mining.com

The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world's largest economy remains stuck around the 1% level."Following the notion of mean reversion, we should be seeing attractive investment opportunities"In contrast the S&P GSCI All Commodities index is flat so far in 2017 although prices for energy, m...Read More

VIX \\\'Risk\\\' Hits Record High As Traders Bet On Chaos To Come

June 05, 2017 / www.zerohedge.com

While VIX closed at its lowest level since 1993 on Friday, VVIX (which tracks the anticipated volatitilty of VIX) completed a fourth week of gains in five, reaching a record high relative to the measure of equity turbulence. As Bloomberg notes, with the VIX down more than 30% this year through the end of last week, investors have been using options to bet on volatility.As the chart above shows, t...Read More

US STOCKS-Wall Street edges lower as Apple drags

June 05, 2017 / www.kitco.com

* Herbalife falls after cutting current-quarter forecast* Apple slips after rating cut; top drag on all three indexes* Oil prices fall after Arab states cut ties with Qatar* Indexes down: Dow 0.02 pct, S&P 0.07 pct, Nasdaq 0.13 pct (Updates to early afternoon)By Tanya AgrawalJune 5 (Reuters) - Wall Street edged lower in early afternoon trading on Monday as Apple weighed on all the three major inde...Read More

Precipitate samples up to 13.5% Cu at Juan de Herrera

June 05, 2017 / www.stockwatch.com

Mr. Jeffrey Wilson reports PRECIPITATE'S LATEST IP RESULTS PRODUCE EMERGING NEW DRILL TARGETS AT SOUTHEAST AND SOUTH JENGIBRE ZONESPrecipitate Gold Corp. has released results and interpretation from the latest geochemical and geophysical surveys at the Southeast and South Jengibre zones within the company's 100-per-cent-owned Juan de Herrera project in the Dominican Republic. The latest results ha...Read More

Gold Hits 6-Wk High, On Safe-Haven Buying, Bullish Charts

June 05, 2017 / www.kitco.com

(Kitco News) - Gold prices were ending the U.S. day session modestly higher and hit a six-week high Monday. Geopolitical developments in the Middle East and an increasingly bullish near-term technical posture are prompting trader and investor buying interest. Gold prices are now within striking distance of the key $1,300.00 mark. August Comex gold was last up $1.70 an ounce at $1,281.90. July Come...Read More

IMF's Lagarde offers eurozone Greek debt compromise, Handelsblatt says

June 05, 2017 / www.kitco.com

BERLIN, June 5 (Reuters) - International Monetary Fund Managing Director Christine Lagarde has offered Greece's European creditors a way out of their impasse over Athens' debts that would allow the euro zone to release a tranche of aid later this month.The IMF believes Greece needs a debt haircut, which Germany rejects. Lagarde suggested agreeing a deal whereby the IMF would stay on board in the b...Read More

Egypt has not banned dealing in Qatari riyal, central bank says

June 05, 2017 / www.kitco.com

CAIRO, June 5 (Reuters) - The Central Bank of Egypt said on Monday that it had issued no instructions to halt the buying or selling of the Qatari riyal.There would be no restrictions on exchanging the Qatari currency to Egyptian pounds or any foreign currencies, the bank said in a statement.Egypt was one of four Arab nations to cut diplomatic ties with Qatar on Monday, along with Saudi Arabia, Uni...Read More

Mining's Tesla moment: DeepGreen harvests clean metals from the seafloor

June 05, 2017 / www.mining.com

A first look at DeepGreen Resources, a seafloor mining startup partnered with Glencore, Maersk, and Fiore Group to disrupt the metals industry and defend the environment. Growing up on his family's dairy farm in Queensland, Australia, Gerard Barron developed a work ethic that has helped him realize success in diverse industries. Barron has built and sold successful ventures in the finance, publi...Read More

Stock Warning: 'Death Cross', Narrowing Breadth Are Noted

June 05, 2017 / www.marketslant.com

Decline, Deterioration, and Bear WarningsBy Dennis SlothowerWritten Saturday, June 3, 2017Trump Rejects Climate PactThe stock market responded favorably to the President's announcement that the United States will be pulling out of the Paris Climate Pact that benefits countries like China and India at the expense of the U.S.Whether you agree or disagree with the President's decision, the financial...Read More

METALS-Copper falls on rise in Shanghai inventories, dollar

June 05, 2017 / www.kitco.com

* LME/ShFE arb: (Adds closing prices)By Maytaal AngelLONDON, June 5 (Reuters) - Copper fell on Monday, extending last month's losses, as the dollar recovered and investors eyed an increase in Shanghai inventories, while zinc tracked renewed weakness in steel markets.Data on Friday showed copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 4.9 percent on the week, marki...Read More

Where's TheBig Money in Bitcoin vs. Gold and Silver ?

June 05, 2017 / www.marketslant.com

Where Will The Big Money Be Made? There are some conclusions here we do not agree with. But SRSrocco does fine work, and since we are in data intake mode ourselves, all ideas must be noted, and many of the ones here are good. Notably the energy costs for mining these crpyto's and how that affects their scalability. One other thing, the author is on board identifying that these are not 'safety...Read More

UPDATE 2-Canada's Osisko enters mining finance big leagues with Orion buy

June 05, 2017 / www.kitco.com

(Rewrites after share price jump, adds context)By Nicole MordantJune 5 (Reuters) - Canada's Osisko Gold Royalties Ltd said on Monday it had agreed to buy a precious metals portfolio from U.S. private equity firm Orion Mine Finance Group for C$1.13 billion ($839.40 million), sending its shares up 10 percent. The transaction is "transformative" for Quebec-based Osisko as it increases its portfolio...Read More

CORRECTED-BRIEF-Domino's Pizza Turkey, Russia franchisee plans London IPO

June 05, 2017 / www.kitco.com

(Corrects to clarify 20 million pounds will be the proceeds from new shares issued)June 5 (Reuters) - * DP Eurasia intention to float on London Stock Exchange* DP Eurasia says expects to have free float of not less than 50 percent* DP Eurasia says to raise proceeds of around 20 million pounds from the issue of new shares, on top of selling some of the shares held by existing shareholdersSource te...Read More

Oreninc Index - Monday, June 5, 2017

June 05, 2017 / www.mining.com

Last week index score: 73.35This week: 37.34Prospero Silver (TSXV: PSL) provided an update on planned drilling of the Matorral, Petate and Pachuca SE projects in Mexico.Zinc One Resources (TSXV: Z) completed the acquisition of Forrester Metals.The Oreninc Index plummeted in the week ending June 1st, 2017 to 37.34 from 73.35 in what was another volatile week for gold.Total raises announced fell to...Read More

UPDATE 1-Chile central bank downgrades 2017 growth forecast

June 05, 2017 / www.kitco.com

(Recasts, new throughout with further estimates, comments)SANTIAGO, June 5 (Reuters) - Chile's central bank cut its 2017 growth forecast to between 1 and 1.75 percent from its previous view of 1 percent to 2 percent as the mining and construction sectors continue to lag, the bank said Monday.The bank also said it was "most probable" that, following rate cuts of 100 basis points this year, further...Read More

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