CloseGain/LossOn WeekGold $1291.70+$0.70-2.06%Silver$16.43-$0.01-1.44%XAU82.06+0.27%-2.15%HUI177.75+0.16%-2.46%GDM619.01-0.25%-3.27%JSE Gold1012.82-1.17-5.19%USD93.67+0.19+1.22%Euro117.68-0.28-1.47%Yen90.49+0.05-1.07%Oil$71.28-$0.21+0.82%10-Year3.065%-0.045+3.20%Bond141.21875+0.78125-1.40%Dow24715.09+0.00%-0.47%Nasdaq7354.34-0.38%-0.66%S&P2712.97-0.26%-0.54% The Metals: Gold fell $4.90 to...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort201,468109,02565,319195,925314,014462,712488,358Change from Prior Reporting Period 2,92017,9177,70614,339-2,55624,96523,067Traders19384835452288189 Small Speculators LongShortOpen Interest 57,24631,600519,958 3,5955,49328,560 non reportable positionsChange from the previous repor...Read More
- Welsh gold and the misconceptions surrounding it - GoldCore speak to China Central Television (CCTV)- Welsh gold mired in misconceptions, namely that it is 'rarest' and most 'sought after' gold in world- Investors to be reminded that all mined gold is rare and homogenous- Nothing chemically different between Welsh gold and that mined elsewhere- Investors led to believe Welsh gold is more valu...Read More
The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.Key conclusions emerging from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innova...Read More
HONG KONG (Reuters) - Rising demand for battery materials cobalt and lithium infused some optimism into an otherwise cautious London Metal Exchange (LME) Asia Week, amid a backdrop of slowing growth in China and escalating trade tensions between it and the United States.In the event's first ever session on battery materials in Hong Kong, Chinese cobalt producers such as Jinchuan Group Internationa...Read More
(Bloomberg) - China tightened its grip on the global supply chain for battery raw materials as Tianqi Lithium Corp. struck a deal to take a $4.1 billion stake in Chilean rival SQM, the second-largest lithium producer.Chengdu-based Tianqi is seeking to almost triple production capacity through 2020, part of an aggressive expansion by Chinese companies to tie up sources of the metals and chemicals...Read More
(Bloomberg) - The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe. Now, U.S. city planners are worried about the same risk of hard-to-control blazes as these power-storage units make their way into basements and onto rooftops."You can have these things go on fire, and then hours or days later, they can reignite," presenting a new chal...Read More
Eight years after the adoption of the world's first Glacier Protection Law, Argentina's Glacier Institute (the IANIGLA) finally released the official version of Argentina's first complete glacier inventory. The IANIGLA has registered 16,968 glaciers, which are now precisely identified and fully protected by Argentina's Glacier Law, the first of its kind anywhere on the planet. The results of this...Read More
Gemfields has once again partnered with the G? 1/4 belin Gem Lab to embed nanoparticles proving origin into all emeralds for sale at the upcoming auction in Lusaka, Zambia from 15-18 May 2018, to drive greater levels of transparency in the coloured gemstone sector.Why is this important for coloured gemstones customers?- Brands and their customers are becoming increasingly aware of the need to know...Read More
After a series of false alarms over the past week, the Financial Times reported Friday that Italy's anti-establishment Five Star Movement (M5S) and the far-right Northern League have finally agreed on a policy program that had previously eluded them.Read full newsRead More
NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says.The unit...Read More
LONDON, May 18 (Reuters) - Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said.Sibanye's 285 million pound ($386 million) all-share bid to create the world's second largest platinum miner faces hurdles including Lonmin's weak cash position, competition authority app...Read More
Dr. Morgan Poliquin reportsALMADEX MINERALS LTD. AND AZUCAR MINERALS LTD. ANNOUNCE CLOSING OF ARRANGEMENTAlmadex Minerals Ltd. has closed the previously announced statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) to spin out Old Almadex's early-stage exploration projects, royalty interests and certain other assets, into Almadex Minerals Ltd., effe...Read More
Canada-listed junior miner Thor Explorations (TSX-V: THX) published Friday first results from metallurgical test work at its Segilola project in Nigeria, poised to become the country's first large-scale gold mine.The testing is part of the definitive feasibility study (DFS) for the project, located about 200km from the capital Lagos, and which is expected to come online in early 2020.The project,...Read More
VANCOUVER - Production is primed to ramp up at the Marigold Mine near Valmy, SSR Mining Inc. reported in its financial and operation results released May 10.Read full newsRead More
(Bloomberg Opinion) - The world doesn't like its essential commodities being controlled by a small group of producers.When Arab members of Opec resolved to cut their oil exports in response to U.S. involvement in the 1973 Arab-Israeli war, the situation was rightly deemed a global crisis.Less than a year after BHP Billiton Ltd. announced plans to merge its iron ore operations with those of Rio...Read More
Chromium and cyanide had been improperly handled and seeped into rivers used for drinking water in Kratie and Mondulkiri.Read full newsRead More
Gold has not performed especially well as of late, especially when compared to other assets such as the S&P 500. One of the reasons for this is the strong dollar and the rising interest rate policy being embarked on by the Federal Reserve. There are several demand-side pressures on gold right now that should cause the price to move upward. It's possible that all of the major gold deposits worl...Read More
Argonaut Gold Inc:Read full newsRead More
Glencore's (LON:GLEN) copper operations in the Democratic Republic of Congo will soon be the target of British regulators, which are planning to open a formal bribery investigation into the company and its deals Dan Gertler, an Israeli mining tycoon implicated in the payment of bribes to the country's leader Joseph Kabila.An investigation by Britain's Serious Fraud Office (SFO) "would represent a...Read More