Recent News

US Supreme Court mostly in favour of Virginia's uranium mining ban

November 06, 2018 / www.mining.com

The US Supreme Court seems inclined to support a Virginia law that bans mining at the nation's largest known uranium deposit due to public health and economic reasons, as it begins to hear a challenge to the prohibition brought forward by the owners of the property, with support from the Trump administration.On Monday, the justices considered whether Virginia's moratorium on uranium mining clashes...Read More

ETF Gold Holdings Rise In Oct. For First Time In Four Months

November 06, 2018 / www.kitco.com

(Kitco News) - Gold holdings in global exchange-traded funds and similar products rose in October by 16.5 tonnes for the first monthly inflow in four months, the World Gold Council reported Tuesday.Holdings now stand at 2,345.6 tonnes. Still, they are down 25.8 tonnes for the year to date.“Global stock markets experienced their worst October since the 2008 financial crisis, with the MSCI All...Read More

Goldmoney to distribute 3.99M Mene shares to holders

November 06, 2018 / www.stockwatch.com

Mr. Josh Crumb reportsGOLDMONEY CONGRATULATES MENE INC. (TSXV:MENE) FOR ITS LISTING ON THE TSX VENTURE EXCHANGEGoldmoney Inc. is congratulating the entire team at Mene Inc., a luxury e-commerce 24-karat investment jewellery brand, for its achievements, as Mene commences trading today on the TSX Venture Exchange under the ticker symbol MENE.Goldmoney will declare a distribution of 3.99 million Clas...Read More

Goldmoney to distribute 3.99M Mene shares to holders

November 06, 2018 / www.stockwatch.com

Mr. Josh Crumb reportsGOLDMONEY CONGRATULATES MENE INC. (TSXV:MENE) FOR ITS LISTING ON THE TSX VENTURE EXCHANGEGoldmoney Inc. is congratulating the entire team at Mene Inc., a luxury e-commerce 24-karat investment jewellery brand, for its achievements, as Mene commences trading today on the TSX Venture Exchange under the ticker symbol MENE.Goldmoney will declare a distribution of 3.99 million Clas...Read More

Schaeffer's on CNBC: Post-Midterm Returns Favor the Bulls

November 06, 2018 / www.schaeffersresearch.com

This week's under-the-radar Fed meeting could give the bullish case a boostSchaeffer's own Andrea Kramer stopped by CNBC's Squawk Box this morning, where the discussion was focused on today's midterm elections and the potential impact on equity markets. Andrea called out the key VIX levels to watch that could signal the market's next big directional move, and explained why history favors the bulls...Read More

The Shortcut to Earnings Season Profits

November 06, 2018 / www.schaeffersresearch.com

A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More

San Marco begins diamond drilling at Chunibas

November 06, 2018 / www.stockwatch.com

Mr. Christian Grijalva reportsSAN MARCO ANNOUNCES DRILLING HAS COMMENCED AT THE CHUNIBAS CU-AG PROJECTDiamond drilling has commenced at San Marco Resources Inc.'s 100-per-cent-owned Chunibas copper-silver project, located in Sonora state, Mexico. San Marco and a wholly owned subsidiary of Antofagasta PLC have entered into an earn-in agreement to jointly explore and drill test several copper-silver...Read More

San Marco begins diamond drilling at Chunibas

November 06, 2018 / www.stockwatch.com

Mr. Christian Grijalva reportsSAN MARCO ANNOUNCES DRILLING HAS COMMENCED AT THE CHUNIBAS CU-AG PROJECTDiamond drilling has commenced at San Marco Resources Inc.'s 100-per-cent-owned Chunibas copper-silver project, located in Sonora state, Mexico. San Marco and a wholly owned subsidiary of Antofagasta PLC have entered into an earn-in agreement to jointly explore and drill test several copper-silver...Read More

Commerzbank: Indian Gold Buying Eases; Chinese Demand Strong

November 06, 2018 / www.kitco.com

The latest data from the world’s two largest gold-buyingnations points to soft demand in India but strong buying in China, points outCommerzbank. Analysts cite data from the country’s Ministry of Finance showingthat gold imports plunged by 42% year-on-year to 38.8 tonnes in October. “Theconsumer restraint was chiefly due to the steep rise in gold prices in Indianrupees beforehand...Read More

China to push for tax cuts, avoid competitive currency devaluation

November 06, 2018 / www.kitco.com

BEIJING (Reuters) - China will push for larger tax cuts, Premier Li Keqiang said on Tuesday, adding that it would help small firms facing funding difficulties and widen access for private firms in infrastructure.China will not resort to competitive currency devaluation and is able to keep its yuan currency basically stable, Li added, reiterating that it would not resort to forceful stimulus to pro...Read More

Gold Prices Gain As U.S. Dollar Rally Pauses

November 06, 2018 / www.kitco.com

(Kitco News) - Gold pricesare moderately higher in early U.S. trading Tuesday, supported in part by theU.S. dollar index backing down from the 16-month high scored last week. Lookfor a quieter trading session in the metals and in many other markets, astraders and investors await the outcome of the U.S. mid-term elections. Decembergold futures were last up $3.70 an ounce at $1,236.00. December Com...Read More

What's Next for IWM After an Ugly October

November 06, 2018 / www.schaeffersresearch.com

Fund flows indicate investors rushed to buy the dip on small-caps in OctoberThe historically unpleasant month of October is over for investors, having left in its wake quite a few freshly broken levels of former technical support for the major equity benchmarks. And in surveying the damage, perhaps no moving average was treated with greater disrespect than the 200-day trendline on the iShares Russ...Read More

Lilly lifts earnings target after Trulicity boost

November 06, 2018 / www.kitco.com

(Reuters) - Eli Lilly and Co (LLY.N) recorded higher sales of its newer drugs Trulicity and Taltz in the third quarter, helping the diabetes specialist top Wall Street profit estimates and raise its yearly earnings target on Tuesday.Shares of Lilly jumped 4 percent in premarket trading following the news.Lilly is relying on new drugs to drive growth after it took its animal health unit public in S...Read More

Euro zone economy slowing, but not as much as feared

November 06, 2018 / www.kitco.com

LONDON (Reuters) - Euro zone business growth slumped to a two-year low in October as growing trade tensions and tariffs, alongside rising political uncertainty, put a dent in exports and optimism, a survey showed on Tuesday.However, while survey and official figures on Tuesday showed the slowdown is relatively widespread, the clouds over the euro zone are not as dark as recently feared.Any positiv...Read More

Barrick chairman says miner eyes nimble future after Randgold deal

November 06, 2018 / www.kitco.com

TORONTO (Reuters) - If all goes according to plan, Barrick Gold (ABX.TO) will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources (RRS.L), the Canadian miner’s executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After R...Read More

Franco-Nevada Reports Third-Quarter Profit

November 06, 2018 / www.kitco.com

Royalty and streaming company Franco-Nevada (NYSE, TSX: FNV) reportsthird-quarter adjusted net income of $54.6 million, or 29 cents a share, downfrom $55.3 million, or 30 cents, in the same period a year ago. Net income camein at $52.1 million, or 28 cents a share, compared to $60 million a year ago.Franco-Nevada reports sales of 120 million gold-equivalent ounces in the thirdquarter, down modestl...Read More

Bitcoin Daily Chart Alert - Bulls Trying To Start Price Uptrend - Nov 6

November 06, 2018 / www.kitco.com

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

Third Point says buybacks allowed Campbell heirs to build power

November 06, 2018 / www.kitco.com

CHICAGO (Reuters) - Daniel Loeb’s Third Point LLC criticized Campbell Soup Co’s (CPB.N) board on Monday for allowing the grandchildren of the company’s former chairman to quietly build voting power through the soup maker’s share buybacks in recent decades.Third Point, which owns 7 percent of Campbell’s stock, has been campaigning to oust its entire board at a sharehol...Read More

Barrick #Gold shareholders have backed the merger with Randgold, and there are also rumours a Nevada tie-up with Ne...

November 06, 2018 / twitter.com

"Barrick #Gold shareholders have backed the merger with Randgold, and there are also rumours a Nevada tie-up with Newmont is in play ($) | https://t.co/hIjXn01QNE $ABX $RRS"Read full newsRead More

U.S. Gold Corp. Commences Autumn 2018 Drilling Program at the Keystone Project, Cortez Trend, Nevada

November 06, 2018 / www.stockwatch.com

ELKO, Nevada, November 6, 2018 /PRNewswire/ --- U.S. Gold Corp. will drill up to 16,000 feet (approx. 5,000m) in approximately 8 holes - This program will assess a number of previously inaccessible targets because of previous permitting limitations - Identification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, and geophysi...Read More

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