Tag: Kitco NEWS

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Editor’s Note: Don’t miss Kitco’s LIVE interview with Gareth Soloway, chief market strategist of InTheMoneyStocks.com, on Tuesday, June 29, at 4:00 pm EST, to be hosted by anchor David Lin. Barrick’s Carlin is the largest gold operation in the US and the second largest in the world. Heap leach production was lower due to a […]

Editor’s Note: Don’t miss Kitco’s LIVE interview with Gareth Soloway, chief market strategist of InTheMoneyStocks.com, on Tuesday, June 29, at 4:00 pm EST, to be hosted by anchor David Lin. “Gold continues to recover. They had to come out and make a bold statement to curb some commodity prices, which they did. “We’ve seen a […]

According to the company’s statement, commissioning activities were completed to plan over the last three weeks, culminating in the ball mill and crushing circuit being ready for full operations in the last week. “First ore processing on time and on budget at our largest royalty speaks to the quality of the management team at Capricorn. […]

Within government social benefits, ‘other’ social benefits decreased as economic impact payments made to individuals from the American Rescue Plan Act of 2021 continued, but at a lower level than in April. …Read the full story

Managing Director Mel Palancian said, “It’s great to have the support of Glencore for Hillgrove given our strong four-year working relationship to date. Red River’s foundation asset is the Thalanga base metal operation in Northern Queensland, which was acquired in 2014 and where the company commenced copper, lead and zinc concentrate production in September 2017. […]

Some short covering in the futures market and some bargain hunting in the cash market are featured heading into the weekend. The PCE price indexes will be closely watched for their inflation implications, as it’s been said the Federal Reserve very closely follows those indexes. stock indexes are pointed toward modestly higher openings when the […]

As of 4:30 PM, EST gold futures are trading down, with the most active August 2021 contract currently fixed at $1775.20, after factoring in today’s decline of $8.20 . The NASDAQ gained .69%, a total of 97.98 points, and closed at 14,369.78. Yellen’s remarks occurred during her testimony before a Senate subcommittee about the Biden […]

This level was not broken for 3,248 days until the new all-time high was made recently in August 2020 of $2075.14/oz. In fairness, there was some stickiness at that point but it actually turned into a resistance level to make a lower high. As analysts, we cannot predict the futures but we can allow ourselves […]

In the selloff over the past week, however, we have seen the put skew decrease or ‘cheapen’, suggesting investors may be selling out-of-the-money puts, in lieu of downside puts to take advantage of the recent increase in implied volatility, as the ATM put prices will likely be more sensitive to price and volatility changes”. In […]

Silver on the other hand has had two days worth of gains and has made a good start so far this morning. …Read the full story

For the third consecutive week, weekly jobless claims missed expectations. …Read the full story

– Last week’s surprisingly hawkish tone from the Federal Reserve may have driven the speculative hot money out of the market. In an interview with Kitco News, Peter Grosskopf, chief executive officer of Sprott Inc, which manages more than $17 billion, said that he is not paying much attention to the latest projections from the […]

According to the company’s statement, Dugbe has a significant production potential, with expected production of approximately 2.5 Moz of gold over a 14-year Life-of-Mine . The company said that the project has strong financial metrics, with a pre-tax NPV5% of USD825M . Our consulting engineers and management team have set the basis for a quality […]

On Wednesday’s session, gold spiked higher to reached $1795.2/oz but failed to close there and ending the session-0.01% lower at $1777.75/oz. We could also get comments from BoE’s Bailey, Fed’s Williams, Barkin, Bostic, Bullard, Harker, Kaplan, ECB’s Schnabel and Panetta. …Read the full story

August gold futures were last up $6.50 at $1,783.90 and July Comex silver was last up $0.283 at $26.14 an ounce. lawmakers by Federal Reserve Chairman Jerome Powell this week that higher inflation is only transitory and that the Fed will not put the brakes on its easy money policies too soon. In overnight news, […]

“On the one hand, if we get inflation rising, then Powell will at some point, have to act,” he said. …Read the full story