Thursdaycould be a big day for markets, especially gold. Starting out this morningmarkets will hear from Mario Draghi and the ECB. Will the ECB keep the nuclearoption or drop a news bomb on markets? Comey testifies on the hill, his openingstatement on Wednesday caused a quick selloff and a quicker recovery. TheElection and Theresa May has turned from prohibitive favorite to a TV Thriller All that...Read More
Stocks moved back into the green on Thursday as former FBI director James Comey delivered public testimony before the Senate Intelligence Committee. The S&P 500 was flat, the Dow Jones Industrial Average added 0.1%, and the Nasdaq rose 0.12%. The Nasdaq hit an intraday high in early trading Thursday. Trading volume on the S&P 500 sat at 671 million shares having traded hands as of late...Read More
(Kitco News) - Gold prices are still trading with solid losseson the day, in late-morning action Thursday. However, the market has beenlifted off its daily lows by the perception of the marketplace that whileformer FBI director James Comey has not directly implicated President Trump inillegal obstruction during his testimony to the Senate, Comey certainly has notput Trump in a positive light. Augu...Read More
(Kitco News) - Goldfutures fell hard Thursday on an apparent exodus by some of the "fast funds"that previously had been buying into the market, traders said.Asof 10:48 a.m. EDT, Comex August gold was $15 lower to $1,278.20 an ounce. JustTuesday, the contract had hit its highest level since mid-April, peaking at$1,298.80 an ounce, and a break of $1,300 had been seen as imminent.Acouple of New York...Read More
Mr. Gregory Beischer reports MILLROCK ACQUIRES OPTION ON EL PICACHO GOLD PROJECT, IN AN ALLIANCE ARRANGEMENT WITH CENTERRA GOLD, SONORA STATE, MEXICO Millrock Resources Inc. has entered an option agreement to purchase the El Picacho project. The project consists of district-scale concessions that cover approximately 6,300 hectares, located in Sonora state, Mexico, 18 kilometres southwest of the Sa...Read More
Mr. David Wolfin reportsCORAL AND BARRICK CLOSE SALE OF ROBERTSON PROPERTY IN NEVADA Further to Coral Gold Resources Ltd.'s news release dated June 21, 2016, Coral has closed the purchase and sale agreement with Barrick Cortez Inc., a subsidiary of Barrick Gold Corp., for the sale of the Robertson property in Lander county, Nevada, to Barrick.The agreement with BarrickThe consideration under the a...Read More
Mr. Jim Payne reportsDYNACERT APPOINTS FORMER PRESIDENT OF CUMMINS DIESEL CANADA, MICHAEL CHRISTODOULOU, AS BUSINESS/MARKETING ADVISOR Michael Christodoulou, the former president of Cummins Eastern Canada LP and Cummins Diesel of Canada, is joining DynaCERT Inc.'s advisory board as a business/marketing adviser. Mr. Christodoulou has over 30 years of extensive experience and vast knowledge working...Read More
Mr. Brian Ostroff reports ARIANNE ENTERS INTO A MEMORANDUM OF UNDERSTANDING PARTNERING TO EXPLORE DOWNSTREAM PRODUCTION OF PHOSPHORIC ACIDArianne Phosphate Inc. hassigned a memorandum of understanding with a major global producer of sulphuric acid to explore the possibility of setting up a downstream operation that would produce phosphoric acid.Although currently at an early stage of discussion, t...Read More
(Kitco News)- Thegold market has shown some resilience Thursday in the face of a weaker euroafter the European Central Bank removed its lower rates bias following amonetary policy meeting. However,gold has seen renewed weakness following the North American equity open.Inhis press conference following the central bank's monetary-policy decision thatleft interest rates unchanged, ECB President Mario...Read More
The EU regulation on mineral sourcing that comes into force today is a good but small first step. Additionally, due to its limited scope and delay in implementation, it will not be effective enough, says the GoodElectronics Network. The extraction and trade of minerals, including those that end up in our electronics, has been widely linked to serious human rights violations and environmental pol...Read More
The EU regulation on mineral sourcing that comes into force today is a good but small first step. Additionally, due to its limited scope and delay in implementation, it will not be effective enough, says the GoodElectronics Network. The extraction and trade of minerals, including those that end up in our electronics, has been widely linked to serious human rights violations and environmental pol...Read More
"Massive demand" forgold exchange-traded funds lately reflects a surge in safe-haven buying of themetal, says Commerzbank. Global ETFs posted inflows of 14.6 tonnes Wednesday,the most in 11 months, analyst point out. Almost 10 tonnes were attributable tothe world's largest gold ETF, the SPDR Gold Trust. "Clearly investors areseeking to hedge against the numerous risks," Commerzbank says. These ris...Read More
(Kitco News)-Gold prices remain under pressure and relatively unchangedon the day as initial weekly U.S. jobless claims dropped by 10,000 a seasonallyadjusted 245,000 in the week to Saturday, the government said. This was lessthan consensus forecasts.Consensus expectations compiled by various news organizations called for initial claims to be around 241,000. The government revisedprior week's tall...Read More
Mr. Jeff Pontius reports CORVUS GOLD EXPANDS MINERALIZATION AT NORTH JOLLY JANE AND CAT HILL TARGETS, NORTH BULLFROG PROJECT Corvus Gold Inc. has released results from initial drill testing of four new targets and follow-up drilling on the North Jolly Jane and Cat Hill targets. Follow-up drill holes from the Cat Hill and North Jolly Jane targets have continued to return broad zones of low-grade mi...Read More
BBX rose 78% last week and a further 52.9% this week, taking its share price to US$0.20, despite no further news since its announcement of successful results from its Tres Estados project on June 1.In Australian terms, its share price of A$0.25 today is light years ahead of its price 12 months ago of A$0.02, making a one-year gain of 1,344.4%.Unsurprisingly gold plays featured heavily in this wee...Read More
Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal, has finalized the acquisition of a mining project in Nevada that abandoned in 2015 due to budgetary constraints.But since gold prices staged a comeback last year, the Toronto-based miner approached its former partner Coral Gold Resources (TSXV:CLH) to buy the Robertson Property, located 60 miles south of Elko, Lander...Read More
Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal, has finalized the acquisition of a mining project in Nevada that abandoned in 2015 due to budgetary constraints.But since gold prices staged a comeback last year, the Toronto-based miner approached its former partner Coral Gold Resources (TSXV:CLH) to buy the Robertson Property, located 60 miles south of Elko, Lander...Read More
Gold futures are trading lower early Thursday as investors awaited news that could determine the market's direction the rest of the session. During the previous session, the market was under pressure after nearly reaching a seven-month high during Tuesday's session.August Comex gold futures settled at $1289.50, down $8.00 or -0.62%.Although the market is still being underpinned by geopolitical con...Read More
Qatar agreed to provision allowing Moscow to reacquire at least portion of shares By Sarah McFarlane in London and Summer Said in Dubai Russia's sale of one-fifth of its state-owned oil company to Qatar and commodities giant Glencore PLC last year had an unusual provision: Moscow and Doha agreed Russia would buy a stake back, people familiar with the matter said. Russian President Vladimir Putin h...Read More
The Trump administration is going after another of the Obama-era environment protection rules by ordering a review of conservation plan for the greater sage grouse, in a move that would make more land available to oil, gas and mining companies.Announcing the measure, Interior Secretary Ryan Zinke said that while the federal government has a responsibility under the Endangered Species Act to prot...Read More