KIEV, Jan 16 (Reuters) - The results of an audit of PrivatBank, Ukraine's largest lender, have been passed to prosecutors for use in a possible criminal investigation into shady deals made before its 2016 nationalisation, a central bank deputy governor said on Tuesday."We received assurances from the general prosecutor that the results of the forensic audit were received by the general prosec...Read More
Gold (XAU/USD) risk reversals hit a 7-week high. Spot gold looks set to revisit 2017 high of $1357.54. Gold (XAU/USD) one-month 25 delta risk reversals rose to a 7-week high of -0.175 yesterday, indicating a drop in demand for bearish bets (put) on the XAU. The risk reversals gauge bottomed out at -1.375 on Dec. 8. The sharp rise from -1.375 to -0.175 only adds credence to the bullish move in sp...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 PRODUCTION RESULTS FROM ITS AVINO PROPERTYAvino Silver & GoldMines Ltd. has released its fourth quarter 2017 and full year 2017 production results from its Avino property near Durango, Mexico. Consolidated production highlights for 2017 (compared with 2016): Silver equivalent production increased 1 per cent to 2,700,585...Read More
After breaking down and trading as low as $1,238, gold has turned around and broken out to the upside closing over $1,330 last week, turning in a dramatic bull run culminating on Friday with a huge up day and 5th week in a row with gains. Can this breakout hold?As we look at the price action, there is no doubt that this is a breakout. Every attempt to slow gold has been met with buyers. Much like...Read More
* Dollar recovers some poise after hitting 3-mth low* Palladium slips below Monday's record high* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl(Updates throughout, adds LONDON dateline)By Jan HarveyLONDON, Jan 16 (Reuters) - Gold fell on Tuesday from the previous day's four-month high, reflecting losses across precious metals and commodities more widely, as the dollar clawed back some lost ground...Read More
Marc JonesLONDON (Reuters) - Asia and Europe’s big bourses kept world shares on their record-breaking run on Tuesday, though a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets sprawling.MSCI's all-country world index .MIWD00000PUS notched its third consecutive all-time high as growing confidence about the global economy pushed Japan's h...Read More
VANCOUVER, British Columbia, Jan.16, 2018(GLOBE NEWSWIRE) -- First Majestic Silver Corp. ("First Majestic" or the "Company") (NYSE:AG) (TSX:FR) is pleased to announce the Company's fourth quarter and full year 2017 production results, as well as production and cost guidance for 2018. Production costs are scheduled to be released on February 28, 2018 with the Company's full-year and fourth quart...Read More
Gold demand is set to jump this year thanks to government policies targeted at transparency and economic growth, the World Gold Council said Tuesday in its annual outlook report.In particular, the industry body believes that gold will maintain its relevance as a strategic asset in 2018 thanks to four key trends - synchronised global economic growth, shrinking central bank balance sheets, risin...Read More
Gold demand is set to jump this year thanks to government policies targeted at transparency and economic growth, the World Gold Council said Tuesday in its annual outlook report.In particular, the industry body believes that gold will maintain its relevance as a strategic asset in 2018 thanks to four key trends - synchronised global economic growth, shrinking central bank balance sheets, risin...Read More
Mr. Christian Milau reports PACIFIC ROAD EXERCISES NON-DILUTION RIGHTS TO ACQUIRE ADDITIONAL COMMON SHARES OF EQUINOX GOLD Pacific Road Resources Funds has provided notice to Equinox Gold Corp. of the exercise of its pre-existing non-dilution rights and will acquire an additional 21 million Equinox Gold common shares for aggregate proceeds to the company of $19,215,000, subject to TSX Venture Exch...Read More
Even after the impressive 5-week rally, gold prices still have upside potential.Some key industrial commodities are pointing the way higher.Meanwhile, internal momentum remains supportive of the XAU rally.After a strong start to the New Year, what some traders think is just a temporary short-covering rally gold will likely prove otherwise. As I'll argue here, the metal has enough support to contin...Read More
Canada's gold producer GoldCorp Inc. said on Tuesday its all-in sustaining costs are expected to fall further to $800 per ounce in 2018 from $825 per ounce in 2017.The company's 2017 preliminary gold production of 2.6 million ounces was at the high end of its forecast range.U.S.-listed shares of the company were up 5.5 per cent at $15.14 premarket, on track to hit a nine-month high when market ope...Read More
Economists bump up 2018 outlook for euro-area; oil edges upChina's yuan touches 2-year high; Mexican peso leads EM rallyJohn Normand, head of cross-asset fundamental strategy at JPMorgan Chase, sees the euro at $1.24 by the end of 2018.Despite a U.S. holiday, the dollar dominated trading on Monday as it headed for a fourth day of declines, weakening against every major currency. The euro’s...Read More
Zinc at decade-high, palladium hits record as greenback dropsIMF's David Lipton says there's 'faster growth in all regions'BlackRock's Hambro Sees Commodities Bull Run in 2018Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlook for demand. Palladium rallied to a...Read More
The Roman Republic and the later Roman Empire had gold coins called the aureus and solidus, but they also minted a popular silver coin called the denarius. One denarius was the daily wage for unskilled labor and Roman soldiers.Of course, in the late Empire, the aureus, solidus and denarius were all debased by mixing the gold and silver with base metals. The decline of the Roman Empire went hand in...Read More
Changes in public sentiment and to state laws have created a tidal wave of profits for fast moving investors in pot stocks.With the pot industry still in its infancy, many of these companies have their best days ahead of them.If you buy into the right companies now, before the big money starts rolling in, you could stand to make six figures, or more.Today, I'll show you a few marijuana companies t...Read More
If you or I pulled a stunt like this, we’d go to jail.(And our faces would be plastered all over the news, our families shamed, and our savings would be taken away.)But Saudi Finance Minister Mohammed Al-Jadaan — along with his counterparts at the Saudi Oil Ministry — is pulling off one of the biggest market manipulation schemes since the Hunt brothers cornered the silver market...Read More
Investment expert Matt Badiali recently released a viral video called "Freedom Checks" that has many scratching their heads, wondering what these investments are exactly.In the video, now viewed by millions of Americans, Matt says these "freedom checks" are not a government program like Social Security or Medicare, and they're not a 401(k) or IRA or any similar type of retirement account.As Matt d...Read More
Bob Moriarty ArchivesJan 16, 2018Novo shareholders have been on a wild rollercoaster ride since early July when the stock snoozed at about $.80 a share. Avideo posted on YouTube of prospectors locating gold nuggets at surface at Purdy’s Reward acted as a catalyst to propel Novo higher to $8.83 in the first week of October for a 1000% increase in just over three months.While the price of shar...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 16, 2018Gold and related investments are off to a very positive start in 2018. I don’t expect any major pause in the action until China’s Golden Week holiday celebrations get underway.Chinese gold dealers will be on holiday this year from about February 15 to February 21....Read More