(Kitco News) - Gold moved to our short-term target of $1,322 overnight but a slightly stronger tone to the dollar brought fresh selling into the metals complex. Gold appears overextended in the short term and is trying to consolidate but requires a break above the $1,322 level to generate further momentum. There is support at the $1,311 spot level but a break through here would bring a test of the...Read More
(Kitco News) - Gold prices are hovering near unchanged levels in early U.S. trading Wednesday, asthe market pauses after hitting a 3.5-month high overnight. Silver prices are abit weaker but scored a five-week high overnight. Gold and silver bulls havethe technical momentum to suggest more price gains in the near term. February Comex gold was last up $0.70 an ounce at $1,316.70. March Comex silver...Read More
Roxgold Inc. (TSX: ROXG)says it has received the necessary permit approval from the Burkina FasoMinistry of Environment and Sustainable Development to develop the BagassiSouth Project. “The approval of the environmental and social impact assessmentfor Bagassi South allows us to confirm our development decision and begin minedevelopment and construction for our first growth project on the Yar...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
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
To quote the great Howard Cosell, “it’s over, it’s over,”and that’s what we think about this rally in the metals the last three weeks.To be clear, we are big fans of gold and silver and we are not liquidating ourinvestments, but from a trader’s standpoint, we are going to take a shortposition somewhere in this $1,315-$1,325 area. Gold and silver look exhausted,...Read More
As surprising and uncharacteristic as a Donald Trump presidency is, it might not make sense to compare this year to past presidential cycles, but I have decided to do it anyway. It's well known that historically, stocks have been outstanding in the third year of the cycle. The theory is, that before the election year politicians focus their energy on campaigning, they tend to pass legislation that...Read More
BEIJING, Jan 3 (Reuters) - China's central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source said. While the People's Bank of China (PBOC) can't directly regulate bitcoin miners' power usage, it can ask local authorities to do so, th...Read More
KELOWNA, BRITISH COLUMBIA--(Marketwired - Jan. 3, 2017) - FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce the remaining assay results from its summer 2017 program at its' PLS property in Canada's Athabasca Basin region. The final three holes to report targeted the shallow, high-grade R780E zone as part of a metallurgical study for use...Read More
ELKO - Mining headlines in 2017 united the hardrock mining community of Northern Nevada, as readers rallied around news of tragedies, growth, regulatory changes and giving. Here is a lookRead full newsRead More
Washington aims to destabilize Iran and overthrow the regime by using economic leverage, Kamel Wazni, a political analyst and economist in Beirut, told RT.Read full newsRead More
Firms in U.S., China, Germany, U.K. warn of supply constraintsWorld economy predicted to be strongest since 2011 this yearChristian Schulz Sees Phillips Curve as Big 2018 QuestionFactories across the globe warned they are finding it increasingly hard to keep up with demand, potentially forcing them to raise prices as the world economy looks set to enjoy its strongest year since 2011.A slew of Purc...Read More
Stocks rose on Tuesday, Jan. 2, the first trading day of 2018, as stocks in the consumer discretionary and energy sectors posted solid gains. U.S. equities have risen for three of the past four trading sessions as companies count the benefits of U.S. tax cuts and take advantage of the dollar's worst run slump 2003. The S&P 500 and Nasdaq both started off the new year with...Read More
McClellan Financial Publications, IncPosted Jan 2, 2018December 29, 2017We are now entering the upward phase of gold’s 8-year cycle, and that should bring some fun gains.And this comes at a time when gold has not been getting much of investors’ attention.If gold stays flat for a year, and Bitcoin twinkles to get all of the attention, speculators eventually drift away from gold.That set...Read More
Spot bullion gains for 8th day to the highest since SeptemberPrecious metal advanced in 2017 even as Fed hiked three timesGolden Cross for Gold a Bullish Sign, Says StreibleGold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Bullion for immediate delivery advanced 0.9 percent to...Read More
Gold prices jumped past a three-month high Tuesday, extending the bullion's best run in more than six years as investors dumped the U.S. dollar and continue to ride the global rally in metals prices. The price of gold for immediate delivery, also known as spot gold, was marked 0.63% ahead of its Friday close and changing hands at $1,311.55 an ounce by mid-day in London after hitting a Sept. 26 h...Read More
Rick Wiles is joined by Trends Journal publisher Gerald Celente, as they take a look at trends that are happening as we move forward into 2018. For more than three decades, Celente has built his reputation as a fearless teller of the truth, an accurate forecaster and an analyst whose expertise crosses many arenas, from economics to politics, from health to science, and more. Together they discuss...Read More
Stock futures indicated Wall Street would open with modest gains on Tuesday, Jan. 2, while European stocks were firmly in the red as a slumping U.S. dollar lifted the value of regional currencies and pressured equities amid firming global metals prices and renewed signs of economic strengthening. Early indications suggested stocks would continue their record run early into the new year as f...Read More
The U.S. dollar extended its worst year since 2003 in early European trading Tuesday as investors shunned the greenback in favor of rival currencies amid diverging bets on growth rates in the coming year that could mean big changes for global stocks. The dollar index, which benchmarks the greenback against a basket of six global currencies, was marked 0.3% lower from its New Year's Eve clo...Read More
Barrick Gold is one of the largest gold producers in the world with 1.243 Moz of gold produced in 3Q'17. The company forecasts gold production of ~5.4 Moz/2017.Acacia Mining in Tanzania: A lingering subject of concern for Barrick that will remain in 2018.ABX offers a good opportunity and seems undervalued as it enters 2018 while it is not totally "risk free." It is perhaps the right...Read More