CEO: Optimization Plan To Allow Excellon To Hike Silver Output, Cut Costs
Excellon Resources Inc. (TSX: EXN; OTC: EXLLF) is embarking upon a new optimization plan for its Platosa Mine in Durango, Mexico, that company officials say should double silver output while reducing costs.
Read moreGold & Silver Coin Sales Fall In October After Hitting Stellar Numbers In Q3
After posting stellar sales in the third quarter for both gold and silver coins, the U.S. Mint released its latest sales data for October, and this quarter does not seem to be getting off on a strong footing as it did last quarter.
Read moreMoney Managers Begin Cutting Net Long In Gold Futures–CFTC Data
Large speculators began trimming their bullish bets in gold during the Commodity FuturesTrading Commission’s most recent reporting week and probably cut it further since last week’s meeting of the Federal Open Market Committee, analysts said.
ISM: U.S. Manufacturing Index Inches Down To 50.1% In October
The Institute for Supply Management said Monday that its headline manufacturing index fell to 50.1% in October from 50.2% in September.
Read moreTechnical Trading: Gold Retreats Within Rising Bull Channel
Gold prices are under pressure to start the week, as follow-through selling continues to weigh on the yellow metal.
Read moreGold Still Back-Pedaling, Hits 4-Week Low
Gold futures prices are modestly lower in early U.S. trading Monday and hit a four-week low overnight. Perceived higher odds of a U.S.
Read moreEndeavour Silver Reports 3Q Net Loss; Gold, Silver Output Higher
Endeavour Silver Corp.(NYSE: EXK; TSX: EDR) reports higher revenue and cash flow in the third quarter but lower net earnings compared to both the second quarter of this year and third quarter of 2014.
Read moreSeasonal Asian Demand To The Rescue For Gold Despite potential December Rate hikes – RBC Capital Markets
Despite the perception of a potential U.S. rate hike in December, analysts at RBC Capital Markets expect robust Asian demand to support the gold price for the rest of the year.
Read moreGold Still Back-Peddling From Hawkish FOMC
Gold prices are lower and hit a four-week low overnight as perceived higher odds of a U.S. Federal Reserve interest rate hike in December are bearish for the precious metal. The gold market has been back-peddling since last week’s hawkish FOMC statement.
Read moreThe 6PM Recap With Gary Wagner: The Geopolitics of Oil As It Affects Syria And Russia Should Be Of Concern To Everyone
A week that started with fear over what the Federal Reserve might do in its meeting just concluded this past Wednesday, ended up being a good week for equities, and, in spite of major bumps in the road, a very good week for crude.
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