Klondike Gold Corp. reported assays from a further twelve drill holes at the Lone Star Zone at the Company's wholly owned Klondike District Property, Yukon Territory.A total of 87 holes (9,511.93 meters) were drilled in 2018. To date, final assay results have been received and released from 42 of the 87 diamond drill holes completed in 2018. Exploration continues to affirm multiple local sources o...Read More
Marijuana stocks are getting a lift from a recent bullish analyst noteThe shares of Aurora Cannabis Inc (NYSE:ACB) are up 10.8% to trade at $6.75 today, as several weed stocks enjoy sector tailwinds from the Canaccord Genuity bull note yesterday. The stock is now up 14% since Monday's close, and the surge has sparked a flurry of options trading for ACB. At last check, more than 6,400 options h...Read More
The Federal Reserve released a set of proposed rules Wednesday that would "significantly" lower regulator barriers for smaller banks.Under the rules, the banks would be divided into four categories, with those having between $100 billion and $250 billion in assets seeing the greatest relief.The largest banks would face essentially the same regulations under the Dodd-Frank reforms, though the frequ...Read More
SBBP and KIN are also making big moves on the charts todayA round of upbeat earnings and economic data has the U.S. stock market up big today, though it's still staring at a sizable October deficit. Among individual names making notable moves are da Vinci Surgical System parent Intuitive Surgical, Inc. (NASDAQ:ISRG), rare disease specialist Strongbridge Biopharma plc (NASDAQ:SBBP), and veterinary...Read More
BRUSSELS (Reuters) - European Union finance ministers will discuss next week a watered down proposal on an EU-wide digital tax, a document seen by Reuters shows, trying to persuade reticent governments to agree on the plan by the end of the year.Under a proposal from the European Commission in March, EU states would charge a 3 percent levy on the digital turnover of large firms such as Google and...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD LONE STAR ZONE ASSAYS 1.32 G/T AU OVER 47.0 METRES AND 1.11 G/T AU OVER 36.25 METRESKlondike Gold Corp. has provided assays from a further 12 drill holes at the Lone Star zone at the company's wholly owned Klondike district property, Yukon territory.A total of 87 holes (9,511.93 metres) were drilled in 2018. To date, final assay results have been received and...Read More
NEW YORK (Reuters) - Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago.Strong earnings reports in the United States and Europe spurred a broad rally, despite data showing that China’s factory growth slowed to its lowest in...Read More
(Kitco News) - Gold andsilver prices arelower and have hit three-week and four-week lows, respectively, in early-afternoonU.S. trading Wednesday. Improving trader and investor risk appetite in themarketplace at mid-week is bearish for the safe-haven metals. Also, a strongerU.S. dollar index that scored a new for-the-move high today is pressuring theprecious metals markets this week. December gold...Read More
LONDON (Reuters) - A Brexit deal is now firmly in sight and should be finalised by November 21, Brexit Secretary Dominic Raab said in a week-old letter to a lawmaker published on Wednesday that briefly sent sterling sharply higher.The United Kingdom and European Union have resolved most differences, though the issue of Northern Ireland remains, Raab said in the letter, dated Oct. 24 and sent to Hi...Read More
Mr. Mark Kolebaba reportsADAMERA COMPLETES FIRST DRILL HOLE AT LAMEFOOT SOUTH - DRILL MOVES TO OVERSIGHT PROSPECT TO FOLLOW UP HIGH GRADE INTERSECTIONAdamera Minerals Corp. has completed the first drill hole, LFS18-01, on the Lamefoot South property in Washington. The drill hole was sited 280 metres south of the Lamefoot gold mine. Assays are pending. Drill hole LFS18-01 encountered zones with int...Read More
WASHINGTON (Reuters) - U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September.The strong jobs market is gradually putting upward pressure on compensation, with other data on Wednesday showing a solid increase in labor costs in the third quar...Read More
(Reuters) - U.S. stocks rose for a second day on Wednesday, as investors snapped up technology favorites and strong results for General Motors and a host of others lifted spirits at the end of a torrid month for global equities.Shares of Facebook Inc (FB.O) jumped 2.7 percent after the social media giant said margins would stop shrinking after 2019 as costs from scandals ease.The S&P communica...Read More
LONDON (Reuters) - British Prime Minister Theresa May on Wednesday backed a U.S. call for a cessation of hostilities in the Yemen war, a conflict that has killed at least 10,000 people and brought on the world’s worst humanitarian crisis.Yemen’s plight and the role of Saudi Arabia in the war have taken center stage after the killing of Saudi journalist Jamal Khashoggi at its embassy in...Read More
PARIS (Reuters) - European planemaker Airbus softened its key target for jet deliveries on Wednesday and warned that reaching it would be a “greater stretch” after a sequence of industrial problems.The cautious tone on deliveries - which implied a 2 percent cut in the annual target by changing its parameters to include a recently acquired Canadian jet - came despite higher than expecte...Read More
The shares are set for their biggest monthly loss in almost 10 yearsIt's been a brutal month for Amazon.com, Inc. (NASDAQ:AMZN), with the FAANG stock set to close out October with a 20% loss, its biggest monthly drop since November 2008. The swift decline took a notable slice out of Amazon's market cap -- which topped $1 trillion for the first time in early September, but closed last night at $748...Read More
Mr. N. Eric Fier reportsSILVERCREST ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND PROVIDES PROJECT UPDATESilvercrest Metals Inc. has appointed Hannes Portmann to the board of directors, replacing George Sanders, who is retiring from the board. Silvercrest is also pleased to provide a brief update of continuing activities at the Las Chispas project.Mr. Portmann is a mining executive with significant...Read More
Editorial credit: Andriy Blokhin / Shutterstock.com(Kitco News) - Global central bank interest in gold is growing and has roomto grow according to one former senior executive at the New York FederalReserve.That growing sentiment could be felt during the LondonBullion Market Association’s 2018 precious metals conference, which includedmore than 30 delegates from central banks around the world...Read More
Facebook and General Motors are big earnings winners todayStocks are pushing higher once more, with the Dow Jones Industrial Average (DJI) up 389 points earlier in the session. The blue-chip benchmark is making a frenetic push to trim its steep October losses, but is still heading toward its worst month since January 2016. The S&P 500 (SPX) and Nasdaq Composite (IXIC) are vaulting higher tod...Read More
NEW YORK (Reuters) - The dollar edged up to a fresh 16-month high against a basket of key currencies on Wednesday on the back of continued U.S. economic strength, putting the greenback on pace for a seventh straight month of gains.Against a basket of its rivals, the dollar, was up 0.13 percent at 97.12, its highest level since June 2017.“If you look at the G10 as well as some of the emerging...Read More