Tag: Kitco NEWS

The mining license area applied for covers a large part of the existing exploration license. …Read the full story

In a tweet, Saylor took aim at gold, saying that if he had chosen the precious metal instead of Bitcoin in 2020, it would have been a mistake in the “multi-billion dollar” neighborhood. He explained how gold does not fit the bill as a store of value asset over the past 10 years, saying, in […]

trading Tuesday, on normal corrective pullbacks after recent good gains that saw both metals score around four-week highs last Friday, and amid price uptrends that are still in place on the daily bar charts. stock indexes not far below their recent record highs, market watchers are wondering if those gains can be extended in the […]

Gold looks like it is rejecting the top of the consolidation area on the daily chart near £1833/oz and silver has stalled just ahead of $25/oz. In FX markets, it was all the commodities currencies that suffered overnight. …Read the full story

There has also been a discount for the physical buyers as local gold futures fell to 45,662 rupees per 10 grams on 10th August, the lowest in four months. The price has found support at the consolidation low on the daily and weekly charts near $1682.19/oz and it seems whenever the price gets close to […]

Another key consideration has to be the lack of volume over the last 5-6 weeks there seemed to be no real conviction in any of the downside moves. …Read the full story

Alamos Gold’ Island Gold mine is a high grade, low-cost underground mining operation located just east of the town of Dubreuilville, Ontario, Canada, 83km northeast of Wawa. Gran Colombia Gold’s Segovia operations, an area of approximately 9,000 hectares, is made up of several mines including El Silencio, Sandra K, Providencia, and Carla, located in the […]

The first was how he cautiously stressed not making an “ill-timed policy move,” indicating “The timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff, for which we have articulated a different and substantially more stringent test.” Therefore when […]

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The green zone is a low volume node on the market profile and the $1800/oz psychological number. …Read the full story

The employment situation report from the Labor Department showed the key non-farm payrolls component up only 235,000 compared to a rise of 720,000 that was expected by the marketplace. In a Wall Street Journal op-ed, Manchin said rising inflation and a soaring national debt necessitate a go-slow approach and a “significantly” smaller plan. China has […]

There is very little information that will drive markets in either direction, hence the pattern we are stuck in now. You have witnessed very little action in the last few months except for a burst of buying or a short-term selloff. Those who believe they can predict where markets will go next, or those that […]

It’s been and likely will continue to be a quieter trading week on this unofficial last week of summer for Americans, ahead of the three-day Labor Day holiday weekend. In overnight news, the U.S. The world’s second-largest economy saw its unofficial non-manufacturing purchasing managers’ index drop to 47.5 in August, compared to 53.3 in July. […]

24 showed money managers increased their speculative gross long positions in Comex gold futures by 9,364 contracts to 126,636. The gold market managed to recover all of its losses caused by the flash crash earlier in the month. Analysts at TDS said that they see the potential for higher prices as it appears sentiment among […]

If the price is to move beyond that level, there is lots of traffic currently in the way. More near term, the red horizontal line represents the volume point of control and this is where the most contracts have been traded within the timeframe on the chart. …Read the full story

Better risk appetite to start the trading week, as seen by the S&P 500 and Nasdaq stock indexes scoring record highs today, is also a negative for the safe-haven metals. trader and investor attention to start the trading week was on Hurricane Ida that pounded the Louisiana and Mississippi coasts Sunday and overnight. While several […]

It’s a quieter start to the trading week, which is the unofficial last week of summer for Americans, ahead of the three-day Labor Day holiday weekend. stock indexes are pointed to firmer openings when the New York day session begins, with the Dow and Nasdaq futures poking to record highs overnight. While several Federal Reserve […]

In the crypto space, BTC/USD is 0.66% in the black trading at $47,160.Looking at the news, Fed’s Kaplan says the Fed rate liftoff would be appropriate in 2022. …Read the full story

While at first blush the latest inflation data appears to be negative for gold, some market analysts have said the Fed doesn’t have to react to an overheating economy and have room to maintain their ultra-accommodative monetary policies. …Read the full story

– Gold and silver prices are modestly higher in early trading Friday, as the market event of the week, if not the month, lies just ahead: Federal Reserve Chairman Jerome Powell’s speech at the annual Kansas City Fed symposium. The annual Fed confab being held in Jackson Hole, Wyoming late this week has seen four […]