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GOLD (MSM)

Claude Secures $25 Million Credit Facility with Scotiabank to Replace Existing Debt

[PR Newswire] – SASKATOON, Sept. 21, 2015 /PRNewswire/ – Claude Resources Inc. (“Claude” and or the “Company”) has entered into an agreement with The Bank of Nova Scotia (“Scotiabank”) for a Senior Secured Credit Facility (“facilities”) consisting of a Revolving Tranche (“revolver”) in the amount of $10.0 million and a Term Loan Tranche (“term loan”) in the amount of $15.0 million. These facilities will be used to replace the Company’s

SILVER (MSM)

June 5th Options Now Available For IShares Silver Trust

Investors in iShares Silver Trust saw new options begin trading today, for the June 5th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SLV options chain for the new June 5th contracts and identified one put and one call contract of particular interest. The put contract at the $15.00 strike price has a current bid of 37 cents. If an investor was to sell-to-open

Thursday, April 23: Today in Gold and Silver

NEW YORK (TheStreet) — Despite the fact that the dollar index got smoked in Far East trading for most of their Wednesday session, the gold price didn’t react much to that fact, or wasn’t allowed to—you pick.  The gold price continued to chop a few dollars around either side of unchanged until shortly before 1 p.m. in London trading.  The HFT boyz showed up ten minutes after the COMEX open—and

Wednesday, April 22: Today in Gold and Silver

NEW YORK (TheStreet) — The gold price didn’t do much in Far East trading session on their Tuesday.  It began to rally starting around 8:30 a.m. BST in London—and that happy state of affairs lasted until 1:00 p.m. BST.  The rally got capped at that point—and JPMorgan et al finished the job twenty minutes later when the COMEX opened.  The New York low came at the London p.m. gold fix—and

Tuesday, April 21: Today in Gold and Silver

NEW YORK (TheStreet) — The gold price didn’t do much, or wasn’t allowed to do much—take your pick—in morning trading in the Far East on Monday.  The low tick over there came at 1 p.m. Hong Kong time.  From that point it rallied to its high tick at the 8:00 a.m. BST London open—and JPMorgan et al were waiting.  The low tick came about fifteen minutes before the London close. 

Saturday, April 18: Today in Gold and Silver

NEW YORK (TheStreet) — The gold price didn’t do much of anything until noon in Hong Kong on their Friday—and then it rallied about ten bucks, with the high of the day coming shortly before 11:30 a.m. in London trading.  From there it sold down to just above the $1,200 spot mark shortly after the equity markets opened in New York yesterday morning—and from there the price didn’t do much

Friday, April 17: Today in Gold and Silver

NEW YORK (TheStreet) — Gold rallied a bit in early Far East trading, but then got sold back down to the $1,200 spot mark just before 1 p.m. Hong Kong time.  From there it rallied to its noon high tick in London—and “da boyz” showed up at the London p.m. fix.  The subsequent rally that began thirty minutes later got capped shortly after 2 p.m. EDT in electronic trading—and despite

Thursday, April 16: Today in Gold and Silver

NEW YORK (TheStreet) — In the broad strokes of Far East and early London trading, the gold price really didn’t do a lot when all was said and done, even though I was making a big deal out of it in The Wrap in yesterday’s column.  The low tick occurred on Wednesday morning in New York at the same time as it bottomed on Tuesday—8:30 a.m. EDT.  From there it

ENERGY (MSM)

Look after fossil fuel workers in shift to clean energy: union chief

By Megan Rowling BARCELONA (Thomson Reuters Foundation) – Coal, oil and gas workers need a secure future as the world moves away from fossil fuel use, and governments and companies must plan to ensure any new global climate change deal is fair for all those impacted, a top trade unionist said. “We know that if governments and industry aren’t visionary enough to engage in a dialogue, to put the plan

Ghana replaces head of troubled Tema oil refinery

Ghana’s President John Mahama has replaced the head of the Tema Oil Refinery, the presidency said on Monday, in yet another management change at the cash-strapped 45,000 barrel-per-day plant. The facility, Ghana’s sole refinery, has been plagued with regular shutdowns due to lack of funds for its operations and for the supply of crude for processing. The new managing director, Kingsley Awuah-Darko, will be the refinery’s seventh managing director in

Oil companies played hardball in bid to defeat climate outsiders

Led by New York City Comptroller Scott Stringer and proposed at 75 U.S. companies in various industries this year, the so-called proxy access measure would give investor groups who own 3 percent of a company for more than three years the right to nominate directors. At the 19 oil and gas companies targeted, the aim was to demand more accountability on global warming. While the non-binding measure passed at two-thirds

Aden oil refinery ablaze as Yemen rebels shell port

Fire erupted at Aden’s oil refinery Saturday when rebels shelled the nearby port to prevent a Qatari ship carrying aid for Yemen’s devastated second city from docking, officials told AFP. “The rebels fired artillery rounds at the area and one hit an oil tank at the refinery, sparking a fire,” said an official at the Aden Refinery Company. A government official told AFP the rebels had targeted a Qatari vessel

Fossil fuel divestment alone will not halt climate change: Gates

Fossil fuel divestment would be ineffective on its own as a means of halting global warming, software billionaire and philanthropist Bill Gates said Friday. Pulling money out of carbon-heavy industry must be coupled with large spending on alternative technologies to make any difference, said the Microsoft mogul who is under fire for his charitable Bill and Melinda Gates Foundation’s reported $1.4-billion (1.3-billion-euro) investment in carbon-spewing companies like BP. The Financial

Britain to privatise Green Investment Bank

Britain is to begin selling stakes in its Green Investment Bank (GIB) to bring it into private ownership and to help it to grow, the government said on Thursday. Since the bank was created as a commercial venture at the end of 2012 to back green energy projects and to spur private sector investment it says it has invested 2 billion pounds in 50 projects worth over 8 billion pounds

Kenya's Lake Turkana Wind Power eyes Sept 2016 for first output

By Edmund Blair LAKE TURKANA, Kenya (Reuters) – Kenya’s Lake Turkana Wind Power project aims to start supplying some electricity as early as September 2016, once a transmission line is built linking the remote northern region to the national grid, a director of the project said on Wednesday. The transmission line was approved in August 2014 and will take about two years to build. Carlo Van Wageningen, a director of