(Kitco News)- The European CentralBank left interest rates unchanged Thursday and continued to say it will endits monthly asset purchases at the end of the year.The central bank’s GoverningCouncil left the interest rate on the main refinancing operations and theinterest rates on the marginal lending facility and the deposit facility at 0.00%,0.25% and minus 0.40%, respectively.“The Gov...Read More
All markets go through the samephases from consolidation to blow off; the metals are no different. For months,gold languished in the consolidation pattern churning between $1,180-$1,220. Threeweeks ago today, it broke out right to blow off.Since its blow off, gold settledand resolved the blow-off pattern by consolidating once again but at muchhigher levels. The phase that gold missed was the trend...Read More
All markets go through the same phases from consolidation to blow off; the metals are no different. For months, gold languished in the consolidation pattern churning between $1,180-$1,220. Three weeks ago today, it broke out right to blow off. Since its blow off, gold settled and resolved the blow-off pattern by consolidating once again but at much higher levels. The phase that gold missed was the...Read More
The Responsible Artisanal Gold Solutions Forum (Forum), with USAID and local partners, is proud to announce several milestones, including the first conflict-free artisanal gold from the Democratic Republic of the Congo (DRC) exported to U.S. jewelers.Forum member Sasha Lezhnev, Deputy Director of Policy at the Enough Project, said, "This gold proves that it is possible to source conflict-free, res...Read More
Goldcorp Inc. plunged to the lowest since 2002, the steepest decline among gold miners, after the company reported a bigger third-quarter loss than analysts had expected.The Vancouver-based miner posted a net loss of 12 cents a share, compared with the average analysts' estimate of 10 cents compiled by Bloomberg. Operating results were hurt by lower output of all metals from the company's Pe??asqu...Read More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture the perfect stock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands...Read More
A month after announcing it had acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, Canada's First Cobalt (TSX-V: FCC) released a video today aimed at selling high the product of its flagship asset."As federal agencies seek ways to reduce U.S dependency on foreign sources of cobalt, projects such as Iron Creek in mining-friendly Idaho support a strategy to red...Read More
A month after announcing it had acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, Canada's First Cobalt (TSX-V: FCC) released a video today aimed at selling high the product of its flagship asset."As federal agencies seek ways to reduce U.S dependency on foreign sources of cobalt, projects such as Iron Creek in mining-friendly Idaho support a strategy to red...Read More
* LME copper on-warrant inventories tumble to lowest since2005 * Nickel touches lowest since December * Aluminium pulls off six-month low(Updates with closing prices)By Eric OnstadLONDON, Oct 25 (Reuters) - Copper prices bounced on Thursdayfrom two-week lows as a sharp drop in inventories to theirlowest in a dozen years outweighed worries about sliding stockmarkets and the potential for slower glo...Read More
(Adds detail)BEIJING, Oct 25 (Reuters) - China's finance ministry said onThursday it will adjust tax rebates on a wide range of exportproducts including soymeal, a widely used animal feedingredient, from Nov. 1.China is scrapping the soymeal export rebate even as itseeks to reduce consumption of soymeal by its huge livestockherd after slapping a 25 percent tariff on imports of soybeansfrom its No....Read More
* Falling stock markets spur interest in gold * Wall Street suffered worst one-day fall since 2011 * ECB keeps policy unchanged even as growth wanes * Palladium moves away from Tuesday's record high (Updates prices, adds details)By Swati VermaBENGALURU, Oct 25 (Reuters) - Gold edged lower on Thursday,with some investors taking advantage of a recent surge in pricesto lock in profits.Spot gold was d...Read More
BUENOS AIRES, Oct 25 (Reuters) - Argentina's lower house ofCongress approved President Mauricio Macri's austere 2019 budgetbill early on Thursday, a political victory for the first termleader as he tries to make steep spending cuts demanded by theInternational Monetary Fund.The spending plan now goes to the Senate, where it isexpected to be voted on next month. Up for re-election in 2019,Macri neg...Read More
Australia's Lucapa Diamond (ASX:LOM) said Thursday it had received ZAR100 million (about $7 million) from South Africa's IDC - of the largest development financiers in southern Africa - to boost development at its 70%-owned Mothae mine in Lesotho.The company, which commissioned a 1.1 million tonne a year treatment plant at the mine, said the loan will considerably strengthen Mothae's cash posi...Read More
Australia's Lucapa Diamond (ASX:LOM) said Thursday it had received ZAR100 million (about $7 million) from South Africa's IDC - of the largest development financiers in southern Africa - to boost development at its 70%-owned Mothae mine in Lesotho.The company, which commissioned a 1.1 million tonne a year treatment plant at the mine, said the loan will considerably strengthen Mothae's cash posi...Read More
A decline that negated the bullish trading pattern.A period of consolidation and a break to the upside.Rising rates pushed gold to lows during the final months of the past three years.Will gold negate the bearish pattern after it ignored the bullish one in 2018?BAR is the cheapest game in town compared to other gold ETF products.The gold market is now preparing to enter a time of the year where th...Read More
BEIJING, Oct 25 (Reuters) - The impact of China-U.S. tradefrictions on China's cross-border capital flows are largelyunder control, the foreign exchange regulator said on Thursday.China will continue opening up its capital markets in anorderly manner and further ease requirements for capitaloutbound remittance for investors its under Qualified ForeignInstitutional Investor (QFII) and the Renminbi...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More