(Kitco News) - Large speculators increased their bearish positioning in gold futures by 67% during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, which analysts say accounts for much of the slide in prices during the early part of November. During the week-long period to Nov. 13 covered by the report, Comex December gold fell 2% to $1,201.40 an oun...Read More

(Reuters) - U.S. home builder sentiment recorded its steepest one-month drop in over 4-1/2 years in November as rising mortgage rates and tight home inventory squeezed the real estate sector, the National Association of Home Builders said on Monday.The NAHB and Wells Fargo housing market index fell to 60 points in November, which was the lowest level since the 59 recorded in August 2016. That comp...Read More

With the second round of bids to secure a piece of Teck Resources Ltd.'s $4.7 billion copper expansion expected in the coming weeks, victory may come down to more than price.Teck, which owns 90 percent of Quebrada Blanca in northern Chile, would like to sell a 30 to 40 percent stake to an outside investor. With the copper market widely forecast to go into deficit as soon as this year and the numbe...Read More

With the second round of bids to secure a piece of Teck Resources Ltd.'s $4.7 billion copper expansion expected in the coming weeks, victory may come down to more than price.Teck, which owns 90 percent of Quebrada Blanca in northern Chile, would like to sell a 30 to 40 percent stake to an outside investor. With the copper market widely forecast to go into deficit as soon as this year and the numbe...Read More

Mr. David Suda reportsTERRAX INCREASES FINANCING TO $2.3 MILLIONTerrax Minerals Inc., due to significant demand, has increased and closed its previously announced non-brokered private placement for $1.5-million to $2.3-million.The placement now consists of 5.88 million units of the company at a price of 40 cents per unit.Each unit shall consist of one common share and one transferable common share...Read More

Mr. David Suda reportsTERRAX INCREASES FINANCING TO $2.3 MILLIONTerrax Minerals Inc., due to significant demand, has increased and closed its previously announced non-brokered private placement for $1.5-million to $2.3-million.The placement now consists of 5.88 million units of the company at a price of 40 cents per unit.Each unit shall consist of one common share and one transferable common share...Read More

The shares are down 29% from their early October peakEnergy stocks have taken a big hit during the recent rout in oil prices. One name that has taken a particularly bruising hit is Rowan Companies PLC (NYSE:RDC), with the shares of the Texas-based offshore drilling firm down 29% from its Oct. 9 nearly two-year high of $20.87 to trade at $14.83. However, RDC is now trading near a trendline that's m...Read More

Mr. Nelson Baker reports MINERAL MOUNTAIN RESOURCES LTD. - WINTER PHASE 2 DRILL PROGRAM FINALIZEDMineral Mountain Resources Ltd. and its wholly owned subsidiary, Mineral Mountain Resources (SD) Inc., have engaged the professional services of Devico AS, a recognized expert in directional core drilling (DCD), to partner with the company's drill contractor, First Drilling, to target over 1,130 metres...Read More

Mr. Nelson Baker reports MINERAL MOUNTAIN RESOURCES LTD. - WINTER PHASE 2 DRILL PROGRAM FINALIZEDMineral Mountain Resources Ltd. and its wholly owned subsidiary, Mineral Mountain Resources (SD) Inc., have engaged the professional services of Devico AS, a recognized expert in directional core drilling (DCD), to partner with the company's drill contractor, First Drilling, to target over 1,130 metres...Read More

Civil rights groups will urge a U.S. judge on Monday to temporarily halt an order by President Donald Trump that bars asylum for migrants who illegally cross the border with Mexico.The groups argued in court papers that Trump’s Nov. 9 order violated administrative and immigration law.The hearing before U.S. District Judge Jon Tigar in San Francisco comes as thousands of Central Americans, in...Read More

LONDON (Reuters) - The dollar drifted lower on Monday after posting its biggest weekly drop in two months as investors pared some long positions after dovish comments by U.S. policymakers last week.Against a basket of its rivals .DXY, the greenback slipped 0.1 percent at 96.38 after falling nearly half a percent last week, its biggest weekly drop since late September.“We are seeing some sign...Read More

MOSCOW - CEFC paid almost 225 million euros ($257 million) in compensation to a consortium of Qatar Investment Authority and Glencore after the Chinese firm's deal to buy a stake in Russian oil firm Rosneft fell through, a document showed.The chief executive of Rosneft, Igor Sechin, said in September 2017 that CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore.The deal w...Read More

BRUSSELS (Reuters) - European Union foreign ministers on Monday endorsed a French government decision to sanction Iranian nationals accused of a bomb plot in France, potentially allowing the measures to take effect across the bloc, three diplomats said.The ministers said technical work could now start on an EU-wide asset freeze on two Iranians and the Iranian intelligence service over a failed plo...Read More

COPENHAGEN (Reuters) - The whistleblower who revealed alleged money laundering involving Danske Bank (DANSKE.CO) said on Monday that a major European bank helped process up to $150 billion in suspicious payments and two U.S. lenders were also involved.Authorities in Denmark, Estonia, Britain and the United States are investigating payments totaling 200 billion euros ($228.5 billion) made through D...Read More

Mr. Chris Taylor reports GREAT BEAR COMPLETES PURCHASE OF 100% ROYALTY-FREE INTEREST IN DIXIE GOLD PROJECT, RED LAKE, ONTARIOGreat Bear Resources Ltd. has accelerated payments and completed its purchase agreements to earn a 100-per-cent royalty-free interest in its flagship Dixie project, located in the Red Lake district of Ontario.Great Bear now has 100-per-cent ownership of the 9,140-hectare pro...Read More

Mr. Chris Taylor reports GREAT BEAR COMPLETES PURCHASE OF 100% ROYALTY-FREE INTEREST IN DIXIE GOLD PROJECT, RED LAKE, ONTARIOGreat Bear Resources Ltd. has accelerated payments and completed its purchase agreements to earn a 100-per-cent royalty-free interest in its flagship Dixie project, located in the Red Lake district of Ontario.Great Bear now has 100-per-cent ownership of the 9,140-hectare pro...Read More

Copper output in Chile, the world's top producer of the metal, is expected to increase 2% by the end of the year and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.According to the latest report by Fitch Solutions Macro Research, the main possible obstacle to the forecast production growth in Chi...Read More

Copper output in Chile, the world's top producer of the metal, is expected to increase 2% by the end of the year and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.According to the latest report by Fitch Solutions Macro Research, the main possible obstacle to the forecast production growth in Chi...Read More

UAL also tends to outperform during Thanksgiving weekThis morning, Credit Suisse initiated coverage on airline stocks United Continental Holdings Inc (NASDAQ:UAL) and Alaska Air Group, Inc. (NYSE:ALK), doling out "overweight" ratings on both, as well as price targets of $113 and $81, respectively. The analyst in coverage also named the latter its top pick among U.S. airlines.At last check, UAL...Read More

LONDON (Reuters) - Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output.Brent crude futures were down $1.04 at $65.72 a barrel at 1447 GMT, having retreated from a session high of $67.64. WTI crude futures fell $1.03 to $55.43 a barrel.The Organization...Read More