Paper Shorts Capitulating As Gold Holds Near Two-Week High
(Kitco News) – Gold prices ended the U.S. day session moderately higher and hit a two-week high Monday. Gold and silver have recently seen the futures traders who were sold short those markets getting very nervous and exiting those short positions (sho…
Read moreToo Big To Sell? World’s Biggest Diamond Could Be Cut Up
The 1,109-carat rock wonder is too big to be sold, which means it could be cut up in order to attract new interest, Reuters reported quoting industry experts.
Read moreJoint Ventures, Strategic Partnerships Provide Junior Miners Long-term Potential
(Kitco News) – Investors can expect to see more strategic partnerships and joint ventures in the mining sector as smaller companies look for sustainable capital flows, according to one mining executive.
Read moreGold, Silver At Extreme Bearish Positioning; Analysts See Short-Covering Potential
(Kitco News) – For the fifth week in a row, hedge funds reduced their bullish exposure to gold and have turned outright bearish on silver, according to the latest trade data from the Commodity Futures Trading Commission.
Read moreGold Looking “Impressive” Says Market Watcher Dennis Gartman
Gold is getting a reprieve from a weaker U.S. dollar, which hit a 10-month low overnight, following Friday’s lackluster economic data, said market watcher Dennis Gartman.
SEMAFO: Boungou Mine On Track For 2H 2018 Commissioning
SEMAFO Inc. (TSX, OMX: SMF) reports that construction of the open-pit Boungou Mine in Burkina Faso is progressing according to plan for commissioning in the second half of 2018.
Read moreGold Holding Overnight Gains Following Drop In Empire State Manufacturing
(Kitco News) – Gold prices are relatively unchanged, holding on to their overnight gains following a surprising drop in sentiment in the New York manufacturing sector.
Read moreGold At 2-Week High Signals A Near-Term Bottom’s In Place
Gold prices are moderately higher and hit a two-week high in early U.S. trading Monday, on decent follow-through buying from Friday’s good gains.
Standard Chartered: Gold’s Strongest Correlation Now With U.S. Dollar
The inverse correlation between gold prices and the U.S. dollar has strengthened, with recent greenback weakness underpinning the yellow metal, says Standard Chartered.
Read moreGold’s Next Move Is ‘Sideways To Higher,’ Not Lower – ICBC’s Kendall
With gold prices making a comeback Friday, after hitting four-month lows earlier in the week, one analyst now says he is more bullish on the yellow metal.
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