Canada's Pure Gold Mining (TSX-V: PGM), which recently listed in London, has started its 2019 exploration program at its 100%-owned Madsen Red Lake gold mine in Ontario.The Vancouver-based miner said it would focus on the Wedge, Fork, and Russet South satellite deposits with the purpose of converting and growing mineral resources used in the recently released preliminary economic assessment (PEA...Read More
Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold's low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it.The comments in an interview are the first public response from one of Acacia's top shareholders since Barrick's offer earlier this month to buy them out for $787 million.Bar...Read More
The chip stock is pacing for its worst month since the October sell-offIt's been a rough month for the stock market, with chip stocks hit particularly hard amid the escalating U.S.-China trade war. NVIDIA Corporation (NASDAQ:NVDA) stock is no exception, on pace to end its fourth straight week in the red, and set for its steepest monthly slide since the October sell-off. What's more, NVDA's technic...Read More
Tariff concerns have overshadowed Amazon's interest in Boost MobileE-tail powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is back in headlines this week, today seeing a steep pullback alongside its fellow FAANG stocks in response to the latest tariff threat from President Donald Trump. At last check, AMZN is trading 1.6% lower at $1,787.44. Also making headlines for Amazon is its reported interest in b...Read More
The shares have gained more than 11% so far this monthIt's been a dismal month for the U.S. stock market, with the S&P 500 Index (SPX) pacing toward a 6.5% May decline. However, video game stock Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been a bright spot amid the broader battering, up 11% from its April 30 close, and headed for its third straight monthly gain.In fact, the shares have...Read More
Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,311.80 an ounce, the highest in seven weeks with 29m ounces changing hands in New York by lunchtime.Trump's plan to impose a 5% tariff on all Me...Read More
Gold premiums in top consumer China rose this week as investors bought the metal as a safe-haven due to rising trade tensions with the United States, while bullion demand moderated in India as local prices jumped to two-week highs.In China, premiums rose to about $14-$18 an ounce over the benchmark from $12-14 an ounce last week."Investment demand has been picking up, due to uncertainties on trade...Read More
QCOM is headed toward its biggest monthly loss since early 2002Qualcomm, Inc. (NASDAQ:QCOM) topped out above $90 earlier this month after the chipmaker settled with Apple (AAPL) in a patent dispute -- marking QCOM stock's highest mark since January 2000. The shares quickly retreated on news of an antitrust court ruling, last seen down 1.6% at $65.56 -- putting them on track for their worst monthly...Read More
GM is the largest automaker in MexicoThe auto sector took a hit this morning thanks to President Donald Trump's threats to impose up to 25% tariffs on all imports from Mexico in the coming months. As the largest automaker in Mexico, General Motors Company (NYSE:GM) has been hit hardest thus far, down 4.2% to trade at $33.85. General Motors stock has now breached its year-to-date breakeven point...Read More
Put traders have been buying options on EWW in recent weeksMarkets are reeling this morning after President Donald Trump said he will impose tariffs on imports from Mexico, and that's obviously bad news for the iShares MSCI Mexico ETF (EWW). The Mexican exchange-traded fund (ETF) is set to open down 5% at $42.30, which would be its worst day of 2019. However, not everyone may be a loser during th...Read More
Trump will impose tariffs on Mexico until it stops the flow of illegal migrantsFutures on the Dow Jones Industrial Average (DJI) are signaling a negative open, down more than 200 points, after President Donald Trump tweeted he will impose a 5% tariff on Mexican imports beginning June 10. "The Tariff will gradually increase until the Illegal Immigration problem is remedied," he wrote. Auto stocks a...Read More
(Updates with closing prices)By Peter HobsonLONDON, May 31 (Reuters) - Copper was set for its biggestmonthly fall since November 2015 as weak Chinese factory dataand a U.S. threat to impose tariffs on Mexican goods fannedfears that trade disputes will damage the global economy anddemand for metals.Benchmark copper on the London Metal Exchange(LME)ended down 0.4% at $5,830 a tonne.The metal used in...Read More
Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More
(Adds details, quotes, background)By Stefano Bernabei and Giuseppe FonteROME, May 31 (Reuters) - The Bank of Italy warned on Fridaythat the country's $2.6 trillion of debt may swell this year bymore than the government forecasts and called for "credible"measures to curb it.Concerns over Italy's public finances have driven up Rome'sdebt costs since a populist government took power a year...Read More
* Negative-yielding euro zone govt bond pool at 48% in May * Highest share since Sept 2016 - Tradeweb data * Global pool of negative-yielding bonds over $10.5 trillion * Dutch 10-year bond yield negative for 1st time since 2016 (Updates first paragraph, adds par on Japan)By Dhara RanasingheLONDON, May 31 (Reuters) - The Netherlands on Friday becamethe latest euro zone state to see its 10-year yiel...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended in positive territory Thursday as investors moved to discount increased trade-war saber-rattling from China. Shares of Palo Alto Networks (PANW - Get Report) tumbled after the cyber security company issued weaker-than-expected guidance. PVH (PVH - Get Report) shares fell after the Tommy Hilfig...Read More
Investing.com - Gold prices slipped on Thursday in Asia as the U.S. dollar remained supported near two year highs amid heightened Sino-U.S. trade tensions.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.3% at $1,276.8 per ounce by 11:15 PM ET (03:15 GMT)."Gold has to crack the $1,289 resistance first if it wants to get to $1,300," said...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 194,463107,77562,206191,290301,244447,959471,225 Change from Prior Reporting Period -9,165-7,048-21,32723,46325,479-7,029-2,896 Traders 17874875253270179 Small Speculators LongShortOpen Interest 57,16733,901505,126 3,512-621-3,517 non reportable positions...Read More
By: Ira EpsteinThe US Dollar very strong near two-year highs. Metals went into a state of collapse. Precious metals higher - fear will be needed to move the price higher..Read More
Vancouver, B.C. - May 27, 2019 - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB:XXMMF) (the "Company" or "Ximen") is pleased to announce its option partner New Destiny Mining Corp. (TSX.v NED) has begun the 2019 field exploration program on the Treasure Mountain Silver Property, located near Tulameen, B.C. Drilling and Trenching has been approved under the company's current work permit.The...Read More