Bitcoin daily chart alert – Bulls fading, need to show fresh power soon – Jan. 23
(Kitco News) – Bitcoin-U.S. dollar prices are lower and hit a nearly two-week low in early U.S. trading Thursday. The Bitcoin bulls need to step up soon and show power to keep their overall near-term technical advantage, as a five-week-old uptrend on t…
Read moreWeak lithium market forces Galaxy to cut production 60%
(Kitco News) – The company said it will maintain flexibility to produce more if conditions improve. The company noted that lithium carbonte prices dropped 16% and lithium hydroxide declined 19% in Q4.
Read moreMining orders drop during Q4 at Sandvik
(Kitco News) – Sandvik said customer activity in the mining industry “remained stable at a high level.”
Read moreInterim CEO at Hudbay is sticking around
(Kitco News) – Hudbay is an integrated mining company with copper, molybdenum and zinc operations.
Read moreAlacer Gold ups guidance for 2020
(Kitco News) – The company said it reduced debt. Alacer generated over $215 million of un-levered free cash flow and deleveraged the balance sheet to $47 million of net debt.
Read moreSyrah Resources produces 15Kt of flake graphite, reduces cost
(Kitco News) – Australia-based Syrah runs the Balama Graphite Project in Moazambique. In 2018 the company produced 100,000 tonnes of graphite. Nameplate capacity is 350ktpa.
Read moreExpect gold prices to climb to $1,700 this quarter; S&P 500 to pull back 300 points
(Kitco News) – Gold prices are on track for another rally into the $1,700 an ounce price range on the back of frothy equity markets, this according to Patrick Ceresa, founder and chief market derivatvies strategist at Big Picture Trading.
Read moreMore investors feel ‘comfortable’ holding long gold positions – VanEck
(Kitco News) – Gold is gaining momentum and the outlook for 2020 remains very favorable for the yellow metal, according to VanEck.
Read moreLook ma, 18-carat gold jewelry made with plastic, not metal
(Kitco News) – Scientists have discovered a method to create 18-carat gold using a mixture of protein fibers and a polymer latex instead of a conventional recipe of gold and base metals, according to research published earlier this month.
Read moreDavos themes good for gold price but not for oil – Bloomberg Intelligence
(Kitco News) – Gold will continue to be a popular investment asset as the world’s economic elite highlight shifting global trends at the World Economic Forum (WEF), according to one market strategist.
