Candelaria calls off Georgian acquisition
(Kitco News) – Citing “protracted delays”, Candelaria Mining (TSXV:CAND, OTC PINK:CDELF) said it and Empire Metals have mutually agreed to terminate their agreement for Candelaria to acquire GMC Investments, a wholly-owned subsidiary of Empire.
Read more$2,700 gold price ‘could be reached in 1 to 2 years’ at the earliest – Chris Vermeulen
(Kitco News) – The last two gold bull cycles, culminating in peaks in 1980 and 2011, were both followed by a price correction and then a multi-year consolidating pattern.
Read moreGold, silver succumb to mild profit-taking pressure
(Kitco News) – Gold and prices are modestly down in midday U.S. trading Tuesday, on some routine profit taking from the shorter-term futures traders. Still, the sellers are constrained by the still-bullish technical chart postures in place for both met…
Read moreGold Mountain receives draft mining permit for Elk gold project
(Kitco News) – Gold Mountain Mining (TSX.V:GMTN), an exploration and development company focused on past-producing Elk gold mine in BC, announced today that the Ministry of Energy, Mines & Low Carbon Innovation Communications Office (“EMLI”) has released the company’s draft Mine Permit for review.
Economy is ‘sitting on a time bomb’: Deutsche Bank warns of ‘devastating’ effects of inflation
(Kitco News) – The view that inflation is transitory could lead to devastating consequences for the U.S. economy, warned Deutsche Bank in a report.
Read moreNewcore delivers robust PEA for Enchi gold project in Ghana
(Kitco News) – Newcore Gold (TSX-V: NCAU, OTCQX: NCAUF) today announced the positive results of an updated independent preliminary economic assessment (“PEA”) completed for the company’s 100%-owned Enchi gold project in Ghana.
Gold’s path to $2,000 is becoming difficult – Société Générale
(Kitco News) – Enjoy gold’s rally because it might not last through the end of the year, according to analysts at Société Générale.
21% of central banks expect to buy gold this year – WGC
(Kitco News) – Central banks expect gold to continue to play an important role in their reserves, according to the latest research from the World Gold Council (WGC).
Read moreLME to resume open-outcry after unprecedented pushback from traders
(Kitco News) – Hailed as a victory for small retail traders, the London Metals Exchange is reversing its controversial decision to end open-outcry trading after significant pushback from market participants.
Read moreModest price declines for gold, but bulls remain in firm control
(Kitco News) – Gold prices are modestly down in early morning U.S. trading Tuesday, on some routine profit taking from the futures traders. Still, the sellers are constrained by the bullish technical chart postures in place for both gold and silver.
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