Alio Gold Inc. (TSX, NYSE American: ALO) has agreed to sell non-core assetsin Nevada to Coeur Rochester, Inc., a subsidiary of Coeur Mining, Inc., for $19million payable in shares of Coeur common stock. The assets being sold includethe Lincoln Hill project, Wilco project, Gold Ridge property and other nearbyclaims. Alio also says it reduced its outstanding debt with Macquarie Bank Ltd.from $1...Read More
(Kitco News) - Gold prices aremodestly up and not far below Monday’s 10-week high in early U.S. trading Tuesday.The near-term technical posture for the yellow metal has dramatically improvedthe past few sessions, which continues to invite the chart-based buyers. Also,the recent volatility in world stock markets and some heightened geopoliticaltensions are continuing to provide some demand f...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2018 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...Read More
The above chart shows hourly price action. Key support is potentially at the confluence of factors including the central pivot level (P), the 38.2% Fibonacci retracement level and price congestion support (green rectangle). The stochastic is moving from buyer friendly levels (green ellipse). A pullback in XAUUSD may provide a “buy the dip in an uptrend” opportunity. Note: Al...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Company Website: http://www.coeur.comCHICAGO -- (Business Wire)Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire a property package adjacent to its Rochester operation consisting of the Lincoln Hill Project, Wilco Project, Gold Ridge Property and other nearby claims (collectively, the "Proje...Read More
* Graphic: World FX rates in 2018 By Saikat ChatterjeeLONDON, Oct 16 (Reuters) - The dollar was mired near athree-week low on Tuesday thanks to tepid U.S. data overnight,though broadly firmer U.S. Treasury yields prevented a sell-off.The data, showing U.S. retail sales barely rose inSeptember, was a rare blemish in a run of economic indicatorswhich this month pushed 10-year U.S. Treasury yields to...Read More
BEIJING, Oct 16 (Reuters) - * The Shanghai Futures Exchange (ShFE) on Tuesday invitedcompanies to apply for a market maker role on its nickel and gold futures contracts in a bid to boostliquidity* Applicants must have net assets of at least 50 millionyuan($7.23 million) and have comprehensive risk management system,according to a ShFE statement. * Candidates must submit their applications no later...Read More
CAPE TOWN, Oct 16 (Reuters) - South Africa expects Moody'sto release its ratings review after next week's medium termbudget policy statement (MTBPS), Dondo Mogajane, the directorgeneral of the National Treasury said on Tuesday.Mogajane said he met Moody's representatives at aninternational financial conference in Bali last week and toldReuters that the ratings agency "will obviously get back...Read More
NAIROBI, Oct 16 (Reuters) - China is likely to boost importsfrom African countries as it seeks new sources of commodities inthe wake of a trade war with the United States, a seniorexecutive of Standard Chartered Bank in China said.Trade links between the Asian economic powerhouse andAfrican nations like Kenya have been growing robustly in recentyears, offering opportunities to lenders who serve Ch...Read More
Trump may be facing an uphill battle he can't win in 2020.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tariffs in total...Read More
TOKYO, Oct 16 (Reuters) - No country would benefit from anyescalation in global trade tensions that were fueled by theUnited States' push this year to impose tariffs, the head ofAustrian steelmaker Voestalpine AG said on Tuesday."If we build up trade barriers, there will be only losers,"Chief Executive Wolfgang Eder told Reuters on the sidelines ofthe World Steel Association's general as...Read More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More
Diversified global engineering, project delivery and operations management group, DRA Global ("DRA"), partnered JSE Listed Pan African Resources [JSE: PAN] in completing its R1.74 billion Elikhulu tailings retreatment project in Evander, Mpumalanga, within budget and ahead of schedule.Over the next 14 years, the R1.74-billion Elikhulu project will process an estimated one-million tons of monthly w...Read More
* Contraction in revenues putting stress on government * Moody's to release review after next week's budget (Adds treasury official's comments on ratings, analyst)By Wendell RoelfCAPE TOWN, Oct 16 (Reuters) - Falling revenues and arecession mean South Africa will struggle to finance the publicservices that form the largest part of its budget, the NationalTreasury said on Tuesday.Africa's most indu...Read More
* Options, NDFs show investors bet on yuan weakening to7/dollar * PBOC insists there is no deliberate currency weakening * Easing monetary policy, rising dollar set up yuan fordeclinesBy Andrew Galbraith and Noah SinSHANGHAI/HONGKONG, Oct 16 (Reuters) - Investors are bettingthat the powerful forces of easier monetary policy at home andunrelenting gains in the U.S. dollar will push China's yuandown...Read More
World's No.2 miner Rio Tinto (ASX, LON, NYSE:RIO) said Tuesday it will likely have to delay first production from the $5.3 billion underground expansion of its Oyu Tolgoi copper-gold-silver mine in Mongolia, originally scheduled for early 2020.Delivering third-quarter results, the miner said that while capital costs for the project remained in line with the overall budget, shaft-sinking challenge...Read More
LONDON, Oct 16 (Reuters) - Hardline eurosceptics in BritishPrime Minister Theresa May's party are threatening a vote of noconfidence in her leadership within the next couple of weeks,unless she drops her "Chequers" plans for Brexit, the DailyTelegraph reported on Tuesday."If the cabinet does not chuck Chequers I think we will havea vote of no confidence ... by this week, next week....Read More
* Shanghai stocks close weaker, blue-chip CSI300 index down * Gains in Shanghai stocks led by Guirenniao Co Ltd andlosses byShanghai Hongda Mining Co Ltd * China's A-shares are at a 22.82 percent premium overH-shares SHANGHAI, Oct 16 (Reuters) - China stocks reversed earlygains to end lower on Tuesday, after data showed factory-gateinflation had cooled for a third straight month in Septemberamid l...Read More
Retail sales in the U.S. barely rose in September, with a bounce in motor vehicle purchases offset by the largest fall in expenditure on restaurants and bars in almost two years.Published 22 Hours AgoUpdated9 Hours AgoReuters Gold prices held steady on Tuesday near last session's 2-1/2-month high as risk-averse investors sought refuge in the metal amid rising political tensions and economic uncert...Read More