DETROIT, Oct 31 (Reuters) - General Motors Co onWednesday posted far stronger-than-expected quarterly profit andsaid its full-year earnings forecast would come in at the highend of its forecast due to strong demand in North America.The Detroit automaker reported third-quarter net income of$2.53 billion, or $1.75 a share, compared with a loss last yearof $2.98 billion, or $2.03 a share. Last year's...Read More
• USD climbs to 16-month tops and keeps exerting downward pressure. • Improving risk-appetite dents safe-haven status and add to the selling bias. Gold remained under some selling pressure for the third consecutive session and is currently placed at near three-week lows, just above $1215 level. The precious metal extended its corrective slide from ove...Read More
One investor guru thinks this may be the next big play to make in gold.The world's wealthiest investors always grab the headlines...Especially with a track record that's off the charts, producing explosive gains like this:$1.29 to $23.86, where $10,000 grew to over $184,000!Or how about his record-breaking score last month, 9 cents Canadian to C$1.18 in about 2 weeks, turning $10,000 into over $1...Read More
* Gold on track to end six-month losing streak * Shares bounce, dollar hits 16-month high * Silver falls to lowest since Oct. 11 (Updates prices)By Swati VermaBENGALURU, Oct 31 (Reuters) - Gold slid to its lowest innearly three weeks on Wednesday asthe dollar jumped and stockmarkets regained momentum after a spate of heavy losses, but themetal remained on track for its biggest monthly gain sinceJa...Read More
Democrats are expected to gain several House seats this yearMidterm elections are a week away and you would expect them to have an important effect on stocks. This week I'm comparing Election Day -- the day after the first Monday in November -- in midterm years, presidential election years, and off years. I'm curious about how stocks tend to behave leading up to the elections and thereafter. Not o...Read More
Published 19 Hours AgoUpdated6 Hours AgoReuters Gold fell to a near three-week low on Wednesday as the dollar scaled a 16-month peak and a bounce in stock markets following a recent rout revealed renewed appetite for riskier investments.However, the metal remained on track for its best month since January, ending a six-month run of losses in October, the longest such streak since a period from Aug...Read More
Published 19 Hours AgoUpdated6 Hours AgoReuters Gold fell to a near three-week low on Wednesday as the dollar scaled a 16-month peak and a bounce in stock markets following a recent rout revealed renewed appetite for riskier investments.However, the metal remained on track for its best month since January, ending a six-month run of losses in October, the longest such streak since a period from Aug...Read More
* Graphic: World FX rates in 2018 By Saikat Chatterjee LONDON, Oct 31 (Reuters) - The dollar rose to its highestlevels in more than a year on Wednesday as dovish comments bythe Bank of Japan and weak data from China reinforced thegreenback's attractiveness as an investment destination.Fuelled by an overnight rally in equities - Japanese stocks are up more than 2 percent - the dollarwas set for a s...Read More
MOSCOW, Oct 31 (Reuters) - Russia's rouble held steady onWednesday as the impact of the globally stronger dollar wasoffset by rising risk appetite and higher oil prices before thefinance ministry's weekly auction of government bonds.At 0747 GMT, the rouble was little changed at 65.57 againstthe dollar and 74.40 versus the euro.The rouble showed a muted reaction to the U.S. dollar'sadvance to 16-mo...Read More
Oct 31 (Reuters) - Finnish mining technology company Outotec cut its margin target for 2018 and said the impact ofproblems at one of its start-up operations is still unknown. "At this point, it is too early to assess the totalfinancial impact of the needed repair" Outotec said in itsthird-quarter report, referring to issues in one of its electricfurnaces, flagged on Friday. Outotec, whic...Read More
* Cbank autonomy essential, accepted governance requirement- govt * India govt to continue consultations, suggest solutions -govt * RBI Governor may consider resigning - TV* Govt invokes rare power to issue directions to RBI -report * Bonds, rupee weaken after reports that RBI governor mayquit (Adds comments from ruling party, describes section 7 of RBIAct, updated markets closing)By Manoj Kumar a...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rebounded Tuesday after closing lower for eight of the past 11 sessions.General Electric Co. (GE) fell 9% after disclosing the expansion of federal investigations. The company slashed its dividend, a move that analysts and investors initially cheered.Pfizer Inc. (PFE) declined 1....Read More
The Tuesday Market Minute Global stocks bounced higher Tuesday, with markets in Asia driven by fresh signals of intervention from authorities in China as investors continue to fret over a renewed escalation in the ongoing trade war between Washington and Beijing.European stocks book early gains on the back of a weaker euro and better-than-expected earnings from regional bluechips BP and Volkswag...Read More
Bob Moriarty ArchivesOct 31, 2018I just got back from an interesting visit to Ireland. From 1975 to 1985 I was working flying small aircraft to new owners all over the world. Gander Newfoundland and Shannon Ireland were natural jumping off points for ferry pilots. The distance between the two via a great circle route is 1922 nautical miles. Give me five minutes and a glance at a wind chart and I c...Read More
CloseGain/LossGold $1216.90-$6.70Silver$14.28-$0.20XAU64.28-1.77%HUI142.82-1.66%GDM525.44-1.36%JSE Gold1163.80-6.70USD97.01+0.02Euro113.25-0.20Yen88.62-0.03Oil$65.31-$0.8710-Year3.147%+0.028T-Bond138.25-0.65625Dow25115.76+0.97%Nasdaq7305.90+2.01%S&P2711.74+1.09% The Metals: Gold fell $11.50 to $1212.10 by midmorning in New York before it bounced back higher at times, but...Read More
By Ira EpsteinDollar rally kills gold rally. https://www.iraepstein.com/ Read More
TSX Venture Exchange (TSX-V): GRG Frankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWF VANCOUVER, Oct. 31, 2018 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company") is pleased to announce that the Company has entered into a Definitive Agreement (the "Agreement") to acquire up to 100% of the Indiana gold-copper p...Read More
By Craig HemkeA small move in price enables The Banks to lay the shorts right back on. Just three weeks ago, we warned you to ignore newsletter pundits who were claiming that one day soon, The Banks that operate on the COMEX will be long and on the side of the regular investor/stacker. As with all nonsense, this sentiment ignores reality. Before reading further, I urge you to read this post from...Read More
By David SmithLast month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing - a case of "great minds thinking along similar lines"?Please take time to read or review that Money Metals Exchange Post of August 28.I made the case of a misalignment i...Read More