(Kitco News) -Pan American SilverCorp. (Nasdaq, TSX: PAAS), the world’s second-largest primary silver producer,will acquire Tahoe Resources Inc. (NYSE: TAHO;TSX: THO) in a $1.07 billionstock-cash deal announced by the two companies Wednesday.Officials said themerger will create the world’s largest publicly traded silver-mining companyand will have the world’s largest silver reser...Read More
The head of the International Monetary Fund believes it's time for global central banks to explore the idea of a state-backed digital currency. "I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy," said Christine Lagarde in prepared remarks for delivery Wednesday local time at the Singapore Fintech Festi...Read More
Vancouver-based Xiana Mining (TSXV: XIA), formerly Dorato Resources, paid $25 million and a 1.5% net smelter royalty to acquire Glencore's (LON:GLEN) Minera Altos De Punitaqui in Chile.Minera Altos De Punitaqui (MAP) is a copper-gold producing company that currently holds three operating mines, additional exploration licenses, a concentrator, and associated infrastructure. All these elements are c...Read More
* Euro stuck below $1.13 on Italian jitters, growth worries * Dollar pulls back from 16-month high on profit taking * Sterling traders brace for Brexit cabinet meeting* Swedish crown knocked lower by inflation data * Graphic: World FX rates in 2018 (Adds details, updates prices)By Tommy WilkesLONDON, Nov 14 (Reuters) - The euro struggled below $1.13 onWednesday as Italy stuck to its deficit target...Read More
HISTORICAL DRILLING INCLUDES INTERCEPTS OF UP TO 20 G/T GOLD NEAR SURFACE FROST PROJECT 12 MILES FROM GRASSY MOUNTAIN, HAS SIMILAR GEOLOGICAL SIGNATURESWINNEMUCCA, Nev., Nov.14, 2018(GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount") today announced that it has entered into an agreement with Nevada Select Royalty ("Nevada Select"), a wholly owned subsidiary of Ely G...Read More
* China retail sales growth slows, industrial output rises * Nickel touches fresh 11-month low * GRAPHIC-2018 asset returns: (Updates with closing prices, Lead and zinc balance)By Zandi ShabalalaLONDON, Nov 14 (Reuters) - Base metals held steady onWednesday as weak retail sales data from top consumer China tookthe shine off upbeat industrial output and investment figures inthe country.Benchmark co...Read More
* Silver matches its lowest since Jan. 21, 2016 * GRAPHIC-Gold/silver ratio:* SPDR Gold Trust holdings fell on Tuesday (Updates prices)By Sumita LayekNov 14 (Reuters) - Gold prices fell on Wednesday as thedollar held near a multi-month high buoyed by interest frominvestors seeking cover from sliding stocks and by prospects forhigher U.S. interest rates.Spot gold was down 0.1 percent at $1,201.08 p...Read More
SHANGHAI, Nov 14 (Reuters) - The outlook for copper demandin the mid to long term remains healthy despite current tradefriction between China and the United States as a renewableenergy revolution will require vast amounts of the metal,industry executives said on Wednesday.Delegates at the Asia Copper Conference in Shanghai notedrecent Chinese indicators showed the real impact on demand forcopper-i...Read More
Canada's IAMGOLD (TSX: IMG) has triggered force majeure to suspend operations at its Rosebel Gold Mine in Suriname because some unionized employees have started a work stoppage.In a press release, the miner said the strike is a breach of the Collective Labour Agreement that prescribes a number of procedures in the event of a dispute between Rosebel and Rosebell Werknemers Organisatie. The company...Read More
This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More
Canada's Pan American Silver (TSX:PAA) (NASDAQ:PAAS) is buying precious metal miner Tahoe Resources (TSX:THO) (NYSE:TAHO) for $1.07 billion in cash and stock, creating one of the world's largest silver producers.Pan American, already the world's second-largest primary silver miner, will effectively double its silver reserves with the acquisition, as Reno, Nevada-based Tahoe Resources owns a maj...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended modestly lower on Tuesday, a session after the blue-chip index fell 600 points on a selloff in tech shares.Home Depot Inc. (HD) fell slightly after the home-improvement retailer posted stronger-than-expected third-quarter earnings and raised its full-year profit guidance.Ap...Read More
Jack ChanPosted Nov 13, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on sell signal.***CEF – on sell signal.***GDXJ – on sell signal.***Speculation remains at multi decade low, but short covering has begun with specs back to net long.Speculation remains at multi decade low, but short covering has begun.Two observations:#1...Read More
The Tuesday Market Minute Global stocks rebound as the prospects of U.S.-China trade talks supports markets in Asia and Europe even as tech shares continue to weaken following last night's Apple-inspired sell off.Big tech names such as Samsung, Japan Display and Taiwan Semiconductor trade sharply lower overnight amid global tech sector weakness and the specter of higher Fed interest rates.South...Read More
CloseGain/LossGold $1211.90+$10.20Silver$14.15+$0.16XAU63.53+2.74%HUI143.45+3.61%GDM522.86+1.78%JSE Gold1080.74-2.00USD96.92-0.27Euro113.20+0.31Yen88.15+0.29Oil$56.25+$0.5610-Year3.122%-0.018T-Bond138.96875+0.375Dow25080.50-0.81%Nasdaq7136.39-0.90%S&P2701.58-0.76% The Metals: Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot...Read More
By Peter Schiff, Chief Economist and Global Strategist Euro Pacific Capital Currently, some market watchers have begun to openly question whether the bull market in stocks has finally come to an end. They certainly have cause to worry. Valuations are frothy after a record run-up in the last few years. Bond yields across the yield curve are rising sharply, as the Fed Funds Rate breaks into terr...Read More
By Ira EpsteinGold responds to crude oil being lost by day's end. Is there another leg down in oil coming?https://www.iraepstein.com/ Read More
By Craig HemkeIt may not be enough to reverse the momentum or flip the downtrend, but another Spec short squeeze is coming. Of that, you can be certain. And how do we know this? Because the COMEX is a rigged casino! The market-making Banks have monopolistic control of the proceedings, and this grants them almost unlimited power to rig results in their favor. To the point, Speculators (primarily...Read More
Vancouver, BC / Newswire / November 14, 2018 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company".I would like to update our investors, that Golden Arrow is currently on track to deliver exceptional growth in value for our shareholders. Despite the current softness in the mining markets, our Company has been busy executing on a strategy that...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More