California’s Single-Family Zoning Exemplifies the Market-Intervention Problem
Thursday, May 2,2024,18:08
California’s government bet that they knew better than the free market. And now millions are paying the price. The story begins in 1919, when the city of Berkley, California instituted legislation setting aside districts that would only allow the construction of single-family housing. The idea spread, and soon much of California’s urban areas had adopted the zoning policy. Today, approximately 40% of the total land in Los Angeles is […] The post California’s Single-Family Zoning Exemplifies the Market-Intervention Problem first appeared on SchiffGold . .. read more..
Cryptos and stocks rebound as investors brush off interest rate concerns to b...
Thursday, May 2,2024,16:39
It was a day of recovery for financial markets as cryptos and stocks rebounded from yesterday’s Fed-inspired pullback, with Bitcoin climbing back above $59,000. .. read more..
Bitcoin price climbs above $59k, altcoins follow suit as markets rebound
Thursday, May 2,2024,16:34
It was a day of recovery for financial markets as cryptos and stocks rebounded from yesterday’s Fed-inspired pullback, with Bitcoin climbing back above $59,000. .. read more..
Copper prices slide from two-year highs but uptrend remains as demand outstri...
Thursday, May 2,2024,16:08
(Kitco News) - The copper market is seeing some renewed volatility, but analysts note that a perfect storm continues to churn, as growing demand and dwindling supplies could push prices to record highs later this year.At the start of the week, July high-grade copper futures rallied to $4.6945 per pound. However, near-term momentum has shifted as prices have dropped to initial support at $4.50 an ounce and are down nearly 4% from their recent two-year highs. .. read more..
Adventus closes $25.62M financing with Silvercorp
Thursday, May 2,2024,15:34
Adventus closes $25.62M financing with Silvercorp Adventus Mining Corp. has closed the previously announced private placement of 67,441,217 common shares of Adventus at an issue price of 38 cents per common share to Silvercorp Metals Inc. for aggregate gross proceeds to Adventus of $25,627,662. Silvercorp Met… Thu, 05/02/2024 - 15:34 .. read more..
Bitcoin and interest rates: will rate cuts fuel the next bull run?
Thursday, May 2,2024,15:00
With the Bitcoin halving in the rearview mirror, crypto investors are looking for the next major bull market catalyst. Experts weigh in on how an interest rate cut or hike will affect the market. .. read more..
BlackRock’s Bitcoin ETF records first drawdown as outflows hit record high
Thursday, May 2,2024,14:35
The post-halving weakness from Bitcoin led to the first recorded day of outflows from BlackRock’s IBIT on Wednesday, but analysts remain bullish on the long-term trajectory. .. read more..
Coinbase to add support for QCAD – a stablecoin pegged to the Canadian dollar
Thursday, May 2,2024,14:21
Coinbase continues to push for expansion into Canada, announcing they will be adding support for QCAD, a stablecoin pegged to the Canadian dollar, in the coming months. .. read more..
Seeds of destruction - Can mining side step another bubble, wonders Newcore G...
Thursday, May 2,2024,12:55
(Kitco News) - Newcore Gold jumped 75% this month after releasing an updated preliminary economic assessment. .. read more..
Atlantic Lithium approved to list on Ghana Stock Exchange
Thursday, May 2,2024,12:55
The miner is developing the Ewoyaa project, which will be Ghana’s first lithium operation. .. read more..
Explorers need majors to fund innovation – report
Thursday, May 2,2024,12:26
There’s a deep disconnect between explorers and those deciding the future of exploration technology. .. read more..
Bitcoin price climbs above $59k as dip-buyers position for a potential uptrend
Thursday, May 2,2024,12:03
Bitcoin and the broader crypto market have seen a slight rebound in prices following Wednesday’s pullback as risk-tolerant dip buyers start to slowly reenter the market. .. read more..
Gold prices see post-Fed pullback but uptrends remain intact – FXStreet’s Mon...
Thursday, May 2,2024,10:38
(Kitco News) – Gold is at an inflection point post-Fed with prices pulling back on improved market sentiment and lower safe-haven demand, according to Joaquin Monfort, European Editor at FXStreet. .. read more..
Treasury Metals buys Giustra-backed Blackwolf Copper and Gold
Thursday, May 2,2024,09:48
Treasury expects this business combination to help advance its Goliath Gold Complex (GGC) project in northwestern Ontario to production. .. read more..
Treasury Metals to combine with Giustra-backed Blackwolf Copper and Gold
Thursday, May 2,2024,09:48
Treasury expects this business combination to help advance its Goliath Gold Complex (GGC) project in northwestern Ontario to production. .. read more..
Treasury Metals to buy Giustra-backed Blackwolf Copper and Gold
Thursday, May 2,2024,09:48
Treasury expects this business combination to help advance its Goliath Gold Complex (GGC) project in northwestern Ontario to production. .. read more..
Gold price holding support at $2,300 as U.S. weekly jobless claims remain unc...
Thursday, May 2,2024,09:10
(Kitco News) - The gold market is holding support above $2,300 but is not seeing much momentum as the U.S. labor market continues to stabilize. .. read more..
New welding technology makes solar panels easy to recycle
Thursday, May 2,2024,09:06
US-based researchers found that the use of femtosecond lasers to form glass-to-glass welds for solar modules would make the panels easier to recycle. .. read more..
Savannah Resources grows resources at Barroso lithium project
Thursday, May 2,2024,08:33
Savannah said that 93% of the resources of the Barroso lithium project in Portugal are now in the “indicated” category. .. read more..
Gold price slightly down on consolidation, post-FOMC
Thursday, May 2,2024,08:13
(Kitco News) - Gold and silver prices are modestly lower in early U.S. trading Thursday, on some chart consolidation after rallying in the aftermath of the Federal Reserve’s FOMC meeting. .. read more..
Gold market analysis for May 2 - key intra-day price entry levels for active ...
Thursday, May 2,2024,07:49
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. .. read more..
Bitcoin May 2 daily chart alert - Downtrend is the bears’ friend
Thursday, May 2,2024,07:44
(Kitco News) - Thursday, May 2—May bitcoin futures prices are up a bit in early U.S. trading Thursday, after hitting a two-month Wednesday. .. read more..
Contango grows Alaska gold footprint with two major buys
Thursday, May 2,2024,06:47
Contango is buying HighGold Mining and Avidian Gold Alaska, which will boots its annual production to over 150,000 ounces. .. read more..
“Safe Haven” Yen Trending Towards Zero Against Gold
Wednesday, May 1,2024,18:01
The yen was once known as a safe-haven currency for investors to protect themselves when broader markets are shaky or other currencies are dropping, but those days are numbered. A stable government and consistent (and low) interest rates have been some of the driving factors, but it’s the unwinding of that ultra-low interest rate policy that will be the yen’s “safe […] The post “Safe Haven” Yen Trending Towards Zero Against Gold first appeared on SchiffGold . .. read more..
The Technicals: Something Else is Driving Gold
Wednesday, May 1,2024,17:46
This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks). In the analysis below, the price indicators suggest the correction has more to go, but some of the less-watched metrics indicate the correction could be much […] The post The Technicals: Something Else is Driving Gold first appeared on SchiffGold . .. read more..
Glencore takes 15.4% Stillwater Critical Minerals stake
Wednesday, May 1,2024,17:05
Miner now owns stake of the Montana platinum group metals developer and its eponymous project next to Sibanye-Stillwater’s. .. read more..
Cryptos and stocks rebound after Fed holds rates steady, DXY and U.S. 10-yr. ...
Wednesday, May 1,2024,16:53
Crypto prices dumped and pumped on Wednesday, rebounding after Fed Chair Powell held interest rates steady, which put pressure on the DXY and Treasury yields. .. read more..
Fed Chair Powell maintains hawkish stance, tells reporters ‘I don’t see the s...
Wednesday, May 1,2024,16:49
(Kitco News) – Federal Reserve Chair Jerome Powell stuck to his guns at this afternoon’s post-FOMC press conference, telling reporters the central bank would maintain restrictive rates as long as necessary and refusing to offer specific triggers or timeframes for hikes, holds, or cuts to the benchmark interest rate. .. read more..
Pan American Silver sells La Arena gold project in Peru to Zijin Mining for $...
Wednesday, May 1,2024,16:43
Zijin will grant Pan American a life-of-mine gold net smelter return royalty of 1.5%. .. read more..
Pan American sells La Arena gold project in Peru to Zijin for $295 million
Wednesday, May 1,2024,16:43
Zijin will grant Pan American a life-of-mine gold net smelter return royalty of 1.5%. .. read more..
Intrepid Metals shares jump on broad Corral project copper cuts in Arizona
Wednesday, May 1,2024,16:29
Intrepid’s latest results occur in a district that’s seen a resurgence in exploration activity. .. read more..
Intrepid Metals jumps on Corral project copper cuts near site of Wyatt Earp g...
Wednesday, May 1,2024,16:29
Intrepid’s latest results occur in a district that’s seen a resurgence in exploration activity. .. read more..
Gold price holding firm gains as Fed sees lack of progress on 2% inflation ta...
Wednesday, May 1,2024,14:35
(Kitco News) -The gold market is holding solid gains above $2,300 an ounce but is not seeing any new momentum as the Federal Reserve maintains its restrictive monetary policy stance and warns that inflation remains a stubborn problem. .. read more..
Gold, silver firmer after FOMC statement with no big surprises
Wednesday, May 1,2024,14:21
(Kitco News) - Gold and silver prices are posting decent corrective advances in early-afternoon U.S. trading Wednesday, following the just-released FOMC statement from the Federal Reserve that contained no big surprises to move the markets. .. read more..
How quickly can management build a mine? - Alex Black on long investment hori...
Wednesday, May 1,2024,14:00
(Kitco News) - Management, deposit and social license are all key when considering a resource investment, said Alex Black, executive chairman of Rio2, but time to production plays an important role, too.Black spoke to Kitco Mining on Monday. /**/ .. read more..
i-80 Gold closes $84 million offering for projects in Nevada
Wednesday, May 1,2024,13:56
The company has four advanced projects in the state. .. read more..
i-80 Gold closes $83m offering for projects in Nevada
Wednesday, May 1,2024,13:56
i-80 owns the Lone Tree property, including the former mine of the same name, in the Battle Mountain trend. .. read more..
i-80 Gold closes $83 million offering for projects in Nevada
Wednesday, May 1,2024,13:56
i-80 owns the Lone Tree property, including the former mine of the same name, in the Battle Mountain trend. .. read more..
'No euphoria' - Kai Hoffmann says generalist investor is still missing from r...
Wednesday, May 1,2024,13:53
(Kitco News) - The mining market is still subdued despite "violent moves" higher by gold, said Kai Hoffmann, the CEO of Soar Financial. .. read more..
Thesis grows M+I gold equivalent to 4 million oz. at Lawyers-Ranch in British...
Wednesday, May 1,2024,13:51
The new resource estimate includes 82 million tonnes grading 1.51 g/t gold equivalent in the measured and indicated categories. .. read more..
Thesis grows M+I gold equivalent to 4 million oz. at Lawyers-Ranch project
Wednesday, May 1,2024,13:51
The new resource estimate includes 82 million tonnes grading 1.51 g/t gold equivalent in the measured and indicated categories. .. read more..
Western Copper and Gold closes $33 million offering to advance Casino project
Wednesday, May 1,2024,13:49
The copper-gold deposit is one of the largest in Canada. .. read more..
Downside risks growing for silver as prices test initial support around $26.50
Wednesday, May 1,2024,13:47
(Kitco News) - Silver is finding some solid support after being dragged down by gold’s sharp two-week selloff; however, some analysts have said that investors should not rule out potentially lower prices in the near term. .. read more..
Pan American Silver announces the sale of La Arena for $245 million to Zijin ...
Wednesday, May 1,2024,13:12
Kitco News - Pan American Silver (NYSE: PAAS) announced today it will sell its 100% interest in La Arena S.A. , which owns the La Arena gold mine as well as the La Arena II project in Peru, to Zijin Mining Group for $245 million cash upfront and a $50 million contingent payment. .. read more..
How BHP CEO prepared for the Anglo American offer
Wednesday, May 1,2024,13:10
Looking back, Henry was 'almost walking the board, the company, and the investors up the ladder, back to big acquisitions,' an investor told the Financial Times. .. read more..
How BHP’s CEO prepared for the Anglo American offer
Wednesday, May 1,2024,13:10
Looking back, Henry was 'almost walking the board, the company, and the investors up the ladder, back to big acquisitions,' an investor told the Financial Times. .. read more..
Bitcoin outlook: short-term weakness on the road to global adoption
Wednesday, May 1,2024,12:45
As Bitcoin undergoes its typical 20% post-halving pullback, analysts agree that the long-term outlook remains bullish, but warn its price could fall as low as $50,000. .. read more..
Red Pine Exploration plunges as it retracts all assays for Wawa gold project
Wednesday, May 1,2024,12:03
The company last year received a C$6.8 million cash injection from Franco-Nevada. .. read more..
The Fed could still cut rates in July despite market’s ‘hawkish’ perception -...
Wednesday, May 1,2024,11:59
(Kitco News) - The Federal Reserve could still cut rates in July despite the market's hawkish expectations of higher-for-longer rates this year, said Kristina Hooper, Chief Global Market Strategist at Invesco. .. read more..
U.S. & Canada’s capital gains tax hikes could cripple economic innovation - D...
Wednesday, May 1,2024,11:58
(Kitco News) - The proposed capital gains tax increases in the U.S. and Canada could significantly dampen economic vitality and stifle innovation, potentially altering the landscape for entrepreneurs and investors, according to Daryl Ching, a Chartered Financial Analyst and Managing Partner at Vistance Capital Advisory. .. read more..