By SaadSayeedISLAMABAD, Nov 6 (Reuters) - Pakistan begins nearly twoweeks of talks with the International Monetary Fund on Wednesdayover what would be the South Asian country's 13th IMF bailoutsince the 1980s to help it end a spiralling current accountcrisis. Finance Minister Asad Umer says $12 billion is requiredimmediately, a large chunk of which is expected to be drawn fromthe IMF."The ini...Read More
By Ernest ScheyderNov 6 (Reuters) - A years-long fight over the future of theworld's second largest silver mine between Tahoe Resources Inc and opponents of the project shows no signs of abating,creating uncertainty for the U.S. miner and its investors.With environmental and indigenous opponents of Tahoe'sEscobal mine vowing it will never again produce silver, thetension is top of mind for Wall St...Read More
Mr. Antonio Berlanga reportsTRAFIGURA COMMITS 2ND LOAN TRANCHE US$5 MILLION TO TELSON'S TAHUEHUETO MINE CONSTRUCTIONTelson Mining Corp. has received $5-million (U.S.) for the second tranche of the loan agreement with Trafigura Mexico SA de CV, advanced under the loan facility and offtake agreement originally announced by the company on Dec. 18, 2017, for the rehabilitation, construction, operation...Read More
* Stock markets, dollar little changed * SPDR holdings fell on Monday (Updates prices)By Sumita LayekBENGALURU, Nov 6 (Reuters) - Gold edged up on Tuesday asinvestors sought shelter fromuncertainty over the outcome ofthe U.S. midterm elections.Spot gold rose 0.3 percent to $1,234.94 per ounce asof 1314 GMT, while U.S. gold futures were up 0.4 percentat $1,236.50."One scenario (from the electi...Read More
(Updates with closing prices)By Pratima DesaiLONDON, Nov 6 (Reuters) - Copper prices fell on Tuesday asthe market waited for the result of the U.S. midterm electionsand a monetary policy meeting of the U.S. Federal Reserve laterthis week.Benchmark copper on the London Metal Exchange closeddown 0.5 percent at $6,158 a tonne.Aside from a brief dip below $6,000 a tonne last week,copper has been wedge...Read More
* Government supporters to press RBI at board meeting onNov. 19 * Government wants its economic priorities to be accepted byRBI * Govt officials prepared to risk RBI governor'sdeparture-sources * If Patel departs it is likely to roil financialmarkets-traders * Struggle will be a test of the powers of the RBIboard-sources By Manoj Kumar and Suvashree ChoudhuryNEW DELHI/MUMBAI, Nov 6 (Reuters) - The...Read More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter.HighlightsLargest quarterly exploration program in company historyThere were up to 20 drills at 10 properties, 5 operating mines, all in North AmericaReserve price assumptions to determine this year's reserve...Read More
(Updates with production, Barrick vote)LONDON, Nov 6 (Reuters) - Randgold Resources said onTuesday third-quarter profit rose 25 percent on the previousquarter helped by lower costs a day before its shareholders voteon a $6.1 billion tie-up with Barrick Gold.The London-listed miner said profit for the period reached$73.2 million while cash costs fell 18 percent versus theprevious quarter to $181.6...Read More
As reported by Bloomberg, fund managers are cautioning against hoping that the US mid-term elections, which drop late Tuesday, could see a revival spark in Gold prices. Key highlights According to Franklin Templeton Investment's Stephen Land, concerns that the US Federal Reserve will pick up their pace of rate hikes will far overshadow any short-term action from the US midterm elections,...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 ended higher on Monday after closing Friday with a weekly gain of 2.4%, the index's biggest weekly increase since March.Verizon Communications Inc. (VZ) rose 0.9% after saying it would split its operations into three separate units as it moves into the 5-G arena.Amazon.com Inc. (AMZN) was dow...Read More
Gold isn't the only game in town, even though you'd never know it by watching late night TV. Here's what to know and what to consider if you'd like to invest in silver. What Does Investing In Silver Mean? Investing in silver means putting your money into the production, trading or outright ownership of silver metal. For most investors this means buying quantities of bullion in coin or bar form a...Read More
Global oil prices bounced higher Monday after the U.S. State Department granted a waiver to China to purchase crude from Iran as the first day of sanctions imposed by President Donald Trump came into effect. U.S. Secretary of State Mike Pompeo called the sanctions "the toughest sanctions ever put in place on the Islamic Republic of Iran", but his department noted Friday that waivers had bee...Read More
Bob Moriarty ArchivesNov 6, 2018Prosper Goldreleased incredible results on Monday. The stock did respond, moving up 42.6% on 332,000 shares. If the market actually understood the release, it would have moved a lot higher on a lot more volume. So far the company hasn’t bothered even putting the news on their own site.Here’s the real story.In March of this year Prosper Gold led byPeter B...Read More
Bob Moriarty ArchivesNov 6, 2018Martin Armstrong is easily one of the most interesting and original writers in the financial world. Love him or leave him, he is 100% original. He has come up with some of the most timely financial calls I have ever witnessed, often years in advance.Armstrong’s Pi Model calls for a Panic Cycle with a critical turning point on November 22, 2018. Martin is calli...Read More
CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63% The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon...Read More
How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?* * *Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals Markets for Years By H...Read More
By Craig HemkeIt has been an odd and frustrating year for COMEX Digital Gold and Silver. However, conditions exist that could drive prices back to unchanged or even slightly positive by year end. Let's begin by noting why and how this year got sideways on us. We were on the record stating that COMEX gold would break out of its 5-year "bowl" pattern by late 2018. Why did we think this? See the ch...Read More
By Ira EpsteinAfter the election results we get the FOMC and then opportunity?https://www.iraepstein.com/ Read More
Graceland Updates By Stewart Thomson 1. US elections are here! 2. Please click here now. Double-click to enlarge this big picture chart for gold. 3. From both a technical and fundamental perspective, gold looks solid. 4. This chart suggests that whatever happens in the US election, it's going to be positive for gold.5. One of my biggest predictions for the...Read More
By Stefan GleasonGold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal.Metals investors who want to hold...Read More