Sibanye-Stillwater said on Wednesday about 3,450 jobs would be lost in the proposed restructuring of the South African company's gold mining operations, following financial losses at some of its mines since 2017.The number of job losses is lower than a February forecast that put layoffs at about 5,870 employees and 800 contractors.The precious metal miner said it had concluded talks with stakehold...Read More
When the next downturn will occur?Why does this recovery diverges from the historical pattern?What it all means for the gold prices?We are just a few weeks from breaking the record. If the current US economic expansion lasts until July 2019, it will reach 121 months, becoming the longest ever. The extended duration of the prosperity begs the question of when the next downturn will occur. We invite...Read More
* GRAPHIC-2019 asset returns:* Nickel hits lowest in over four months (Releads, adds fresh comment, updates with closing prices)By Pratima DesaiLONDON, June 5 (Reuters) - Copper sunk to a five-month lowon Wednesday as a firmer dollar and anxiety about the fallout ongrowth and demand from the U.S.-China trade dispute outweigheddovish comments from the U.S. Federal Reserve chairman.Benchmark copper...Read More
Volatility could ramp up in the near termI'm old enough to remember when there was only one expiration date per month available for options on stocks. It was the third Friday of each month. That's still the most heavily traded expiration date, but with weekly expiration dates now available on so many stocks, there's less focus on how the third Friday of the month affects stocks. This month, howeve...Read More
The Ministry of Energy, Northern Development and Mines has issued 10 exploration permits to Golden Share Resources (TSXV: GSH) for drilling targets within the Ogoki project and the Kagiami project, located in the Wabassi and Albany River area of the James Bay Lowlands of Ontario, Canada.Ogoki and Kagiami sit 200 kilometres southwest of DeBeers' Victor diamond mine, approximately 150 kilometres sou...Read More
The Vice President of Ecuador, Otto Sonnenholzner, and the Minister of Energy and Non-renewable Natural Resources, Carlos P?(C)rez, presented the country's new Public Mining Policy, with the focus on supporting large-scale operations and investments, and eradicating illegal mining.The announcement was made during a visit to the southern Zamora Chinchipe province, where Lundin Gold's (TSX:LUG) flag...Read More
* EU Commission says procedure against Rome is warranted * If started in next weeks, procedure could lead tosanctions * Brussels open to changing analysis if Italy makescommitments * IMF sees Italy's debt as major risk to euro zone (adds details, quotes)By Francesco Guarascio and Jan StrupczewskiBRUSSELS, June 5 (Reuters) - The European Commissionconcluded on Wednesday that Italy is in breach of E...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose more than 500 points Tuesday on signs the Federal Reserve is at least considering a rate cut and on positive comments about trade from Chinese officials. Uber Technologies (UBER) shares rose as investors reacted to a series of analysts' recommendations for the ride-sharing company following its $82...Read More
The Tuesday Market Minute Global stocks traded mixed Tuesday, with weakness ini Asia offset by modest optimism in Europe and the US following signals of a near-term Fed rate cut.St. Louis Fed President James Bullard said a "darkened" global trade narrative could lead to easing, with investors now waiting a mid-morning speech from Chairman Jerome Powell today in Chicago.European stocks edge highe...Read More
By: Richard (Rick) Mills Gold was riding high Monday on bad news regarding the US economy, causing stocks to fall and Wall Street traders to pile into bullion. US markets were choppy on the first trading day after June 1, when the United States increased the tariff on $200 billion of Chinese imports from 10% to 25%. Shares of the so-called 'FAANG' stocks slumped, pulling the S&P 500 and the D...Read More
COLORADO SPRINGS, Colo., June 05, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the expansion of Isabella Pearl Mine mineralization with intercepts within and outside the current open pit deposit boundary. Drill intercepts outside the pit boundary include 22.86 meters of 1.03 grams per tonne (g/t) gold, including 4.57 meters of 2.02 g/t...Read More
By: Avi GilburtFirst, I want to begin this article by thanking all those who read my articles for the amazing outpouring of support and prayers for my wife who is recovering from a freak accident. So, with her sleeping right now, I thought I would pen another article to at least keep myself somewhat busy.Over the years, I have published many price trend change expectations which have hit quite w...Read More
By: Dave KranzlerAn inverted yield curve has historically been the most accurate indicator of an impending or concurrent recession. The inversion during late 2006 and most of 2007 is a good example. Studies have shown that curve inversions precede a recession anywhere from 6 months to 2 years. I would argue that, stripping away the affects of inflation and data manipulation, real economic activi...Read More
By: Stewart Thomson, Graceland Updates 1. The powerful sell signals I have in play for US stock markets at my www.guswinger.com trading service show no signs of abating.2. Please click here now. Double-click to enlarge this Nasdaq ETF chart. 3. President Trump unleashed a huge corporate tax cut early in his presidency, and that was very positive news for the stock market. Since...Read More
Every dog has its day, and Tuesday's vicious short squeeze was a pooch-lover's delight. DaBoyz even managed to goose Tesla for a 9% gain. Although that won't be nearly enough to reverse the death spiral in the automaker's shares, it will suffice to spook traders who have been shorting the stock with impunity for the last couple of months. Scandal-plagued Boeing was a relatively modest gainer amo...Read More
Trading volumes will be very less in Asia and even in Europe due to "Eid". There has been lots of news which gives a sense that precious metals are about to move away from the shackles of continued manipulation. I am hopeful that gold and silver will draw more and more short-term investors as well as medium term investors. 1. China has issued travel warning to its citizens travelling t...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Jim, Evan and Phil assess the state of play in high-yield credit, macroprudential regulation and an instructive recent op-ed in the Wall Street Journal. 1:40 Trump and the USS John McCain5:24 Do businesses need a rate cut?10:26 An Aiful-ly low yield16:16 Alternatives to raising ratesJames "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-mon...Read More
"We just got hit with such an abysmal piece of economic news that the market realizes without direct - and nearly immediate intervention - the Federal Reserve, this house of cards built on top of a pool of gasoline, is about to go up."Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active...Read More
QUESTION: Hello, with all the talk of sanctions in the news against North Korea and Iran, have sanctions against a country ever worked? Aren't they a pretext that leadsContinue...Read More