(Kitco News) - Australia’s weak currency is the key behind the country’s gold mining success, which is seeing new exploration and low debt levels, according to RBC Capital Markets.“The Australia gold mining sector is very healthy; we have strong margins and low to no levels of debt in the sector. There’s plenty of exploration upside, which can deliver some additional discov...Read More

(Kitco News) - Australia’s weak currency is the key behind the country’s gold mining success, which is seeing new exploration and low debt levels, according to RBC Capital Markets.“The Australia gold mining sector is very healthy; we have strong margins and low to no levels of debt in the sector. There’s plenty of exploration upside, which can deliver some additional discov...Read More

Gold may well benefit two ways from U.S. midterm elections,says Commerzbank. Democrats won control of the House of Representatives,although Republicans maintained the Senate. This presumably will put an end anyfurther tax cuts, “which means in the longer term that the Fed will need to implementfewer rate hikes, which per se will have a negative impact on the U.S. dollar,”Commerzbank sa...Read More

WASHINGTON (Reuters) - Now that the Democrats have won control of the U.S. House of Representatives, they need to choose a leader and that means solving one of their toughest puzzles: Nancy Pelosi.A contest among the Democrats for the House’s top job of speaker will play out over the next 10 weeks or so, with the formidable 78-year-old San Francisco liberal at the center.Pelosi has been clea...Read More

   •  The US midterm election results-led USD weakness helps regain positive traction.   •  A fresh leg of a downfall in the US bond yields provides an additional boost.   •  Further gains are likely to remain capped amid the prevalent risk-on mood. Gold quickly reversed a knee-jerk slide to four-day lows and was now seen building on its...Read More

(Reuters) - U.S. stock futures pointed to strong opening gains for Wall Street on Wednesday after the midterm elections handed Democrats the House of Representatives and saw Republicans reinforce their control of the Senate in a widely expected outcome.After an initial muted market reaction globally, futures for the three major Wall Street indexes powered higher along with European stocks, while t...Read More

ROME (Reuters) - Italy's government won a confidence motion in the upper house Senate on Wednesday on a contested security decree, which tightens immigration regulations and bolsters anti-terrorism and anti-mafia rules.The bill was championed by Deputy Prime Minister Matteo Salvini, who is also head of the far-right League, but was opposed by a handful of members of his coalition ally, the anti-es...Read More

(Reuters) - U.S. satellite TV service provider Dish Network Corp (DISH.O) reported a 5 percent fall in quarterly revenue on Wednesday as it leaked more subscribers in the face of cheaper options like Netflix and Hulu.Dish shed a net 367,000 satellite subscribers during the third quarter, far beyond a consensus estimate of 232,000 net customer losses, according to research firm FactSet.Net income a...Read More

LONDON (Reuters) - Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019.Russia’s TASS news agency, citing an unnamed source, reported that the two countries, the biggest producers in an OPEC-led alliance that has been limiting supply since 2017, have started bilateral tal...Read More

TahoeResources Inc. (TSX: THO, NYSE: TAHO) lists a third-quarter loss as resultscontinue to be hurt by suspension of operations at the giant Escobal silvermine in Guatemala. The Supreme Courtshut down the mine last year over a dispute on whether the Ministry of Energyand Mines properly consulted surrounding indigenous communities on the project.Tahoe’s July-September net loss was $190 mill...Read More

Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) lists a third-quarter loss as results continue to be hurt by suspension of operations at the giant Escobal silver mine in Guatemala. The Supreme Court shut down the mine last year over a dispute on whether the Ministry of Energy and Mines properly consulted surrounding indigenous communities on the project. Tahoe’s July-September net loss was $19...Read More

(Kitco News) - Gold andsilver prices are moderately higher in early U.S. trading Tuesday, boosted by asharp drop in the U.S. dollar index today. December gold futures were last up $7.10an ounce at $1,233.40. December Comex silver was last up $0.175 at $14.675 anounce. Tuesday’sU.S. mid-term elections turned out as many had expected and saw the Republicansmaintain control of the Senate but t...Read More

BRUSSELS, Nov 7 (Reuters) - Euro zone retail sales rose more than expected year-on-year in September, and August data was also revised upwards, signalling continued consumer demand, especially in online shopping, despite slowing economic growth, data showed on Wednesday.The European Union's statistics office Eurostat said retail sales in the 19 countries sharing the euro were flat month-on-month f...Read More

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

WASHINGTON (Reuters) - Donald Trump faced greater restraints on his presidency after Democrats won control of the U.S. House of Representatives and pledged to hold the Republican accountable after a tumultuous two years in the White House.Trump and his fellow Republicans expanded their control of the U.S. Senate in Tuesday’s midterm elections, following a divisive campaign marked by fierce c...Read More

(Kitco News) - First Majestic SilverCorp. (NYSE: AG; TSX: FR) posted record production in the second quarter,although the company ended with an adjusted loss as silver prices fell, thecompany said Wednesday.Net earnings were $5.9 million, or 3 centsper share, compared to a loss of $1.3 million, or a penny, in the same quarterof 2017. The increase was primarily due to a $15.5 million increase in de...Read More

(Kitco News) - First Majestic Silver Corp. (NYSE: AG; TSX: FR) posted record production in the second quarter, although the company ended with an adjusted loss as silver prices fell, the company said Wednesday.Net earnings were $5.9 million, or 3 cents per share, compared to a loss of $1.3 million, or a penny, in the same quarter of 2017. The increase was primarily due to a $15.5 million increase...Read More

Tuesday's U.S. elections took place and the results were as expected; the House turned blue and Republicans added a couple of seats in the Senate. Gold had a very active night as well with a big rally on fear, sell-off on relief and now a rally towards the overnight highs on relief. How do these results affect the price of gold? The simple answer is they don't. Asset classes may react to the news,...Read More

Tuesday's U.S. elections tookplace and the results were as expected; the House turned blue and Republicans addeda couple of seats in the Senate. Gold had a very active night as well with abig rally on fear, sell-off on relief and now a rally towards the overnighthighs on relief.How do these results affect theprice of gold? The simple answer is they don't. Asset classes may react to thenews, but th...Read More

Following its recent announcement of a partnership with Purlucid Treatment Solutions, Vancouver-based MGX Minerals (CSE: XMG) said today that it is moving forward with its third petrolithium and advanced wastewater treatment system to recover lithium from brine.In detail, MGX said that the manufacturing of nano-filtration membrane housing is underway and primary nano-flotation, piping, and structu...Read More