Hecla Mining Reports Record Silver Reserves For 10th Consecutive Year
Hecla Mining Co. (NYSE: HL) reports that exploration efforts have resulted in the 10th straight year of record silver reserves despite the use of reduced metals prices for the calculation.
Read moreGold Vulnerable To “Backing and Filling” After Parabolic Move
The gold market is sagging lower Tuesday as the market continues to “correct” following the parabolic rally move higher seen in recent weeks. Since the start of 2016, April Comex gold futures surged over 19% higher into the price peak at $1,263.90, hit…
Read moreBNP Paribas: ‘The Odds Of Another U.S. Recession Are 100%’
BNP Paribas says it’s only a matter of time before the U.S. undergoes another recession. “The odds of another U.S. recession are 100%; it’s just the timing that is unclear,” the bank says.
Empire State Manufacturing Index Bounces Off January Lows, But Still Firmly In Negative Territory At -16.6
(Kitco News) – The manufacturing sector in the New York region has managed to bounce off last month’s lows, but momentum was still weaker than expected, according to the latest data from the New York Federal Reserve.
Goldman Sachs Ignores Latest Rally, Sticks To Call For $1,000 Gold Prices In 12 Months
Despite gold prices hitting a one-year high last week, analysts at Goldman Sachs have reiterated their bearish call on gold, saying the fear that has battered broader financial markets is overdone.
Read moreGold Sharply Lower On Profit-Taking, Better Risk Appetite
Gold prices are solidly lower on profit-taking and a corrective technical pullback from strong gains last week that saw prices hit a 12-month high.
Read moreIncreased Risk Appetite Pressures Gold
Gold is are under solid selling pressure Tuesday morning, on profit taking and a corrective pullback from the recent strong gains.
Read moreThe 6PM Recap With Gary Wagner: U.S. Markets Are Closed And Rest Of World Goes Astray
European shares rallied 3.00% before falling back to a 2.00% rise. Asian stocks snapped a five-day losing streak as China’s central bank fixed the yuan at a much higher rate.
Read moreGold-Currency Snapshot on Presidents Day
Despite U.S. financial markets being closed Monday for Presidents Day, spot gold prices in different currencies showed losses across the on the day.
Read moreHow A Greek Silver Mine Discovery Is Rewriting History
Archeologists in Greece have found a silver mine that may rewrite mining history during the Aegean times.
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