Mining – Page 2 – Equity Daily

McEwen Mining Inc. (NYSE: MUX) Forecast: Expect A -90.91% Drop Within A Few Months

By Miguel Garcia McEwen Mining Inc. (NYSE:MUX) shares, rose in value on Friday, September 24, with the stock price up by 0.46% to the previous day’s close as strong demand from buyers drove the stock to $1.10. Actively observing the price movement in the recent trading, the stock is buoying the session at $1.09, falling …

McEwen Mining Inc. (NYSE: MUX) Forecast: Expect A -90.91% Drop Within A Few Months Read More »

With its new cryptocurrency mining business on city land, Denton is suddenly a crypto player

Leave a Comment / Mining / By Luis

By https://www.dallasnews.com/author/dave-lieber The City of Denton has leased 31 acres of vacant land next to its gas-fired energy plant to a cryptocurrency mining company. You may not have heard this because most public documents in the deal refer to the venture only as a “data center.” The secretive agreement requires that no news releases be …

With its new cryptocurrency mining business on city land, Denton is suddenly a crypto player Read More »

Lead hits three-year peak after German plant shuts, copper firm

Leave a Comment / Mining / By Luis

ReutersWednesday July 21, 2021LONDON, July 21 Lead prices surged to a three-year high on Wednesday after a major lead smelter in Germany halted operations due to flooding. Berzelius Stolberg declared force majeure on metal shipments from its plant in western Germany, the biggest primary lead smelter in Europe. Three-month lead on the London Metal Exchange …

Lead hits three-year peak after German plant shuts, copper firm Read More »

Elon Musk on owning bitcoin, ethereum and doge: ‘I might pump, but I don’t dump

Leave a Comment / Mining / By Luis

(Kitco News) Tesla CEO Elon Musk said he owns bitcoin, ethereum and dogecoin, adding that Tesla is “most likely” to restart accepting bitcoin as payment. “I own bitcoin, Tesla owns bitcoin, SpaceX owns bitcoin, I own ethereum and dogecoin,” Musk said at the B Word conference during a discussion with ARK Invest CEO Cathie Wood …

Elon Musk on owning bitcoin, ethereum and doge: ‘I might pump, but I don’t dump Read More »

Gold and silver are flat leading into the European open

Leave a Comment / Mining / By Luis

Rajan DhallWednesday July 21, 2021 (Kitco News) – Gold and silver are trading flat this morning leading into the European open. Gold is still hanging on to the $1800/oz level while silver is just below $25/oz. In the rest of the commodities complex, copper has dropped 0.69% while spot WTI (0.72%) continues to consolidate after …

Gold and silver are flat leading into the European open Read More »

Gold price weaker as bulls seek catalyst

Leave a Comment / Mining / By Luis

Jim WyckoffWednesday July 21, 2021 (Kitco News) – Gold prices are lower in early U.S. trading Wednesday, amid a lack of fresh bullish market news that is causing prices to drift sideways. Bulls need a fundamental spark to jumpstart a price uptrend on the daily chart that is in trouble at present. Silver prices have …

Gold price weaker as bulls seek catalyst Read More »

The lion, gold and silver sleep tonight

Leave a Comment / Mining / By Luis

Todd ‘Bubba’ HorwitzWednesday July 21, 2021 The metals markets cannot get much quieter; once again, gold failed to breakout. Gold’s constant failure at resistance making lower highs is very bearish. The overall action is like the Lion King, The Lion Sleeps Tonight. Silver continues to drift lower without energy and has broken out to the …

The lion, gold and silver sleep tonight Read More »

Gold weaker as bulls looking for a spark

Leave a Comment / Mining / By Luis

Jim WyckoffWednesday July 21, 2021 (Kitco News) – Gold prices are lower in midday U.S. trading Wednesday, amid a lack of fresh bullish market news that is causing prices to drift sideways. Bulls need a fundamental catalyst to jumpstart a price uptrend on the daily chart that is in trouble at present. Silver prices have …

Gold weaker as bulls looking for a spark Read More »

Higher high in the Dollar residual slowing fears = bearish

Leave a Comment / Mining / By Luis

The Hightower Report Wednesday July 21, 2021 14:04 GOLD / SILVER We continue to think gold and silver lack a definitive fundamental focus, but we think the charts favor the bear camp to start today. The markets came under pressure yesterday due to a significant washout in equities and from fears of a return to …

Higher high in the Dollar residual slowing fears = bearish Read More »

Gold is bearish within macro bearish correction 7/19/21

Leave a Comment / Mining / By Luis

Moor AnalyticsWednesday July 21, 2021 15:17Kitco Commentaries | Opinions, Ideas and Markets Talk Featuring views and opinions written by market professionals, not staff journalists. Commentaries & ViewsShare this article: On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5. The break above $1,347.0 projected …

Gold is bearish within macro bearish correction 7/19/21 Read More »