Shares in Caterpillar (NYSE:CAT), the world’s no.1 heavy machinery maker, more than 7 percent in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row. The stock lost as much as $9.76 by 8:48 a.m. ET, to $118.95, after closing at $128.71 on Monday, the lowest so far this year. The… Read More
Canada’s IAMGOLD Corp. (TSX IMG), (NYSE: IAG) plans to apply for a mining concession before year-end after releasing a robust feasibility study for its near-2 million ounce Boto gold exploration project in Senegal. President and CEO Steve Letwin said while a final investment decision on the $254-million project was yet to be made, Boto represented… Read More
London-listed explorer Greatland Gold (LON:GGP) has detected copper, silver, gold and pathfinder elements at its Scallywag target of the company’s Paterson project in Western Australia. The sampling results, said Greatland on Tuesday, reinforce the potential of both precious metals and copper mineralization at the site, located within its Havieron licence. Copper, silver and gold detected in… Read More
The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multi-billion dollar Inga 3 hydropower plant. The government signed an accord with Chinese and Spanish consortia this week to advance the 11,000-megawatt facility, the first time it’s formally appointed entities to draw… Read More
The burgeoning interest in gold has reached Wall Street, with Bank of America Merrill Lynch strategists backing bullish options linked to the precious metal. A negative view on the dollar, large short positions in gold futures and investor demand for portfolio protection are some of the reasons behind the call, investment strategists including James Barty… Read More
For nine years now, every time we have an intermediate degree correction the perma-bears crawl out of the woodwork and start screaming the sky is falling. If you had listened to these people you would have missed one of the greatest bull markets in history. We had one of the most destructive bear markets in… Read More
In this video we look at upside targets for Gold and the gold stocks as well as the fundamental catalyst for the sector. We also opine on the reversal in uranium stocks. Click Here to Learn More About & Subscribe to TheDailyGold Premium Source: The Daily Gold
Canada’s RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site. The Toronto-based miner said, set to release third-quarter production results… Read More
Hungary isn’t known today as one of the world’s top gold producing countries. There was a time, though, when it accounted for around three-quarters of Europe’s entire output of the yellow metal, if you can believe it. According to historian Peter Sugar’s A History of Hungary, the central European country was a “veritable El Dorado”… Read More
Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post. Glasenberg (62), whose strategic brilliance has made Glencore’s — and his own — prodigious fortune, is… Read More
The 20-page update was published and emailed to subscribers Sunday late morning. In this update we cover most of our holdings and cover a few stocks on our watch list. This was a real meaty update. There are some buying opportunities in the sector. Source: The Daily Gold
By Jim Curry – October 21, 2018 From my prior article earlier this month, a short-term upward phase was deemed to be in force for the gold market, with higher prices expected to play out, due to the position of the 34 and 72-day time cycles. With stocks, a sharp decline was… Source: gold-eagle.com
The Russian central bank has announced yet another increase in its gold reserves in September – this time it has added a massive 1.2 million troy ounces (37.3 tonnes) to the gold in its forex holdings. This brings the overall total to 65.5 million ounces (2,037.3 tonnes) and means it has added just short of… Read More
Shandong Zhaojin Group , one of China’s biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday. The company has set up a representative office in Machala, capital of Ecuador’s El Oro province, historically a gold-producing region, and will… Read More
Until the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as commonly believed. However, since then, the statistics say this is no longer the case, and bond yields are increasingly influenced by the rate of price inflation. This article explains why this… Read More
The oil price is rising due to the upcoming restrictions on the sale of Iranian oil – the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Iran nuclear agreement, known formally as the Joint Comprehensive Plan of Action (JCPA).… Read More
Diversified global engineering, project delivery and operations management group, DRA Global (“DRA”), partnered JSE Listed Pan African Resources [JSE: PAN] in completing its R1.74 billion Elikhulu tailings retreatment project in Evander, Mpumalanga, within budget and ahead of schedule. Over the next 14 years, the R1.74-billion Elikhulu project will process an estimated one-million tons of monthly… Read More
By Christopher Aaron – October 10, 2018 There is a fallacy now spreading throughout the precious metals world, and gold investors who believe it to be true will be making a costly mistake when attempting to navigate the volatility in this market over the next several years. Source: gold-eagle.com
According to a recent Cornerstone Macro report, the three most influential macro trends this year have been 1) the strengthening U.S. dollar, 2) the flattening yield curve and 3) slowing global manufacturing expansion. I’ve written about all three topics numerous times this year, but the one I’ve watched the most closely has been global manufacturing,… Read More
South African mining executives, investors and officials gather in the nation’s economic hub for the Joburg Indaba conference, a week after Mineral Resources Minister Gwede Mantashe published the government’s new Mining Charter. It’s been a tough couple of years for South African mining, from regulatory uncertainty and legal fights with the government, to thousands of… Read More