ATHENS (Reuters) - The European Union’s executive approved Greece’s first post-bailout budget on Wednesday, but said the country had to speed up reforms if it hoped to qualify for any future disbursements under debt relief measures.The European Commission said it had adopted its first report for Greece under an enhanced surveillance framework put in place after the concusion of its bai...Read More
* EU Commission rejects Italian budget* Yields down as much as 16 bps on day* Salvini may be open to review budget -La Stampa* Salvini not seeking budget deficit changes (Adds Salvini, European Commission comment)By Virginia FurnessLONDON, Nov 21 (Reuters) - Italian government bond yields fell on Wednesday as some signs of a compromise from Rome on its 2019 budget boosted investor confidence, even...Read More
(Kitco News) - Gold andsilver prices aremodestly up in early U.S. trading Wednesday, supported by a weaker U.S. dollar indexon this day and by a rebound in the beleaguered crude oil market. December goldfutures were last up $2.60 an ounce at $1,223.80. December Comex silver waslast up $0.141 at $14.41 an ounce. Globalstock markets were mostly firmer overnight. U.S. stock indexes are also pointe...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...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
Gold has virtually done nothingfor weeks, yet investors seem to be getting very nervous. There is no reasonfor gold investors to be concerned at these levels as gold continues toconsolidate.Based on the emails I receive andthe people I talk to, gold is looking more like a buy every day. We know thatwhen a market is consolidating, it creates the biggest challenge for bittraders and investors who al...Read More
Toronto-based Minera Alamos (TSXV: MAI) announced today it has received a positive notification from the Mexican environmental authorities regarding the permit application for the development of the La Fortuna gold project in the northern Durango state.The notification confirms the completion of the technical review phase of the company's application for the change of land use to build mining and...Read More
Toronto-based Minera Alamos (TSXV: MAI) announced today it has received a positive notification from the Mexican environmental authorities regarding the permit application for the development of the La Fortuna gold project in the northern Durango state.The notification confirms the completion of the technical review phase of the company's application for the change of land use to build mining and...Read More
* U.S. jobless claims rise to more than four-month high * Trade volume subdued ahead of U.S. Thanksgiving holiday * GRAPHIC-2018 asset returns: (Updates prices, adds details and comment)By Sumita LayekBENGALURU, Nov 21 (Reuters) - Gold rose on Wednesday as thedollar retreated after weekly data showed an increase in U.S.jobless claims, though bullion's gains were seen as limited by arecovery in equ...Read More
Mr. Jeff Sundar reportsGENESIS WELCOMES NEW ADVISORS AND ANNOUNCES STRATEGIC PRIVATE PLACEMENTGenesis Metals Corp. has appointed Dr. Robert Carpenter, Dr. Andrew J. Ramcharan and Garrett Ainsworth as advisers to the company. It has also arranged a strategic private placement financing."We are proud and excited to have these exceptional gentlemen join the Genesis team as strategic advisers. We beli...Read More
Following a revision of its extraction plan, Canada's Altiplano Metals (TSXV: APN) tested the viability of continuing operations in the current environment of lower copper prices and obtained positive results.In a media statement, the Edmonton-based miner explained that results from the latest 2,445 tonnes extracted in October from the historic Farellon copper-gold mine in Chile show considerable...Read More
Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) were up Wednesday following an agreement announced late Tuesday between its subsidiary Pebble Limited Partnership (PLP) and the Alaska Peninsula Corporation (APC) that lets the company use defined portions of lands to build and operate roads for the stalled Pebble copper-gold-silver project.If the proposed mine makes it through the le...Read More
ANKARA, Nov 21 (Reuters) - Turkey's interest rates arefalling and the lira is firming, giving concrete reason to beoptimistic about the economy, President Tayyip Erdogan said onWednesday.Erdogan added that shops that keep food items like onionsand potatoes in stock, causing prices to increase, will beraided if complaints are received about them. (Reporting by Ece Toksabay and Tuvan GumrukcuEditing...Read More
Gold ignores the new high in the dollar.Silver makes a lower low, but gold only probes below $1200.Gold has been making higher lows since mid-August.December has been an ugly month, but 2018 has been a year of departures for gold.UGLD and DGLD for a volatile period before the end of this year.In mid-August, the price of gold fell to $1161.40 which was its lowest level of 2018. The yellow metal had...Read More
* Strong support for copper at $6,150-$6,160 * Premium for zinc cash over 3-month at 21-year high (Updates with closing prices)By Pratima DesaiLONDON, Nov 21 (Reuters) - Copper prices rose on Wednesdayas a lower dollar and higher equities triggered fund buying, butworries about the U.S.-China trade dispute and about demandgrowth in top consumer China are expected to cap gains.Benchmark copper on t...Read More
* Euro rises before European Commission responds to Italybudget * Italy Deputy PM open to reviewing fiscal plans, newspapersays * Dollar falls amid fears of global growth * Yen down, sterling up as investors await Brexitdevelopments* Graphic: World FX rates in 2018 By Tom Finn LONDON, Nov 21 (Reuters) - The euro rose on Wednesday,buoyed by reports that Italy may be open to reviewing its draftbudge...Read More
Illegal gold mining is reaching new record highs in Venezuela as hyperinflation, power cuts, as well as food and medicine shortages are pushing citizens to either flee the country or find new ways of survival.UN heritage site famous for green tourism, now home to multiple illegal mines.Arguably the biggest problem facing Venezuelans in their day-to-day lives is the ongoing currency inflation, whic...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices rose on Wednesday in subdued trade ahead of a U.S. holiday amid weakness in the dollar.Spot gold was up 0.5 percent at $1,226.76 per ounce. U.S. gold futures rose $6.80 to settle at $1,228 per ounce."Gold is tracking the dollar movement," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong, adding "trading is expected...Read More
Investors should buy gold stocks and ETFs.Higher interest rates bode well for gold prices.Gold provides a hedge during the pending recession.Editor's note: Seeking Alpha is proud to welcome Daniel Maday as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to the SA PRO archive. Click here to fi...Read More
MOSCOW, Nov 21 (Reuters) - Russia's central bank mayconsider cutting the key interest rate in late 2019, the bank'sGovernor Elvira Nabiullina said on Wednesday.She said that the neutral level for the bank's key rateremained at between 6 and 7 percent and added that currencycontrols, which Russia does not have now, would have a negativeimpact on the economy.The key rate is now at 7.50 percent. (Rep...Read More