(Adds detail)ZAGREB, Oct 30 (Reuters) - Croatia plans to formally notifyBrussels next year about its intention of joining the two-yearwaiting room before eventually adopting the euro currency,central bank governor Boris Vujcic said on Tuesday."We're preparing a letter of intention on joining theEuropean Exchange Mechanism (ERM-2) (that) we plan to send (toBrussels) next year," Vujcic tol...Read More
A new high last week.Gold was crawling higher after breaking out.Danger ahead if history repeats.Higher rates are baked in the market.The dollar poses the most significant risk.Gold bulls had a rough summer in 2018. After making higher lows since late 2015, the price of the precious metal broke its bullish pattern in July when the price declined below the December 2017 low at $1236.50 per ounce. G...Read More
* Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit voteLONDON, Oct 30 (Reuters) - Sterling languished at a ten-weeklow on Tuesday as concern about Britain's departure from the EUled investors to largely ignore hopes of an end to austerityraised by Britain's finance minister Philip Hammond.The pound has weakened 4 percent since September as tradersfret over lack of pro...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried and failed to buy Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company.The Central Asia-focused gold miner last month proposed buying the Toronto-based company in an all-cash transaction at...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried and failed to buy Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company.The Central Asia-focused gold miner last month proposed buying the Toronto-based company in an all-cash transaction at...Read More
* Underlying profits rise to $3.8 billion * Nine-month production rises thanks to field start-ups * BHP deal to complete on Wednesday(Adds CFO, analyst comment, details)By Ron Bousso and Shadia NasrallaLONDON, Oct 30 (Reuters) - BP's profits thundered toa five-year high, boosted by stronger oil prices with productionset to rise further thanks to the $10.5 billion acquisition ofBHP Billiton's U.S....Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices fell on Tuesday as concerns about a further escalation in the U.S.-China trade war boosted the U.S. dollar, eroding bullion's appeal as it tested key technical support.Spot gold was down 0.47 percent to $1,223.61 per ounce, having touched $1,219.37, its lowest since Oct. 18. U.S. gold futures settled at $1,225.30 an ounce.The dollar climb...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices fell on Tuesday as concerns about a further escalation in the U.S.-China trade war boosted the U.S. dollar, eroding bullion's appeal as it tested key technical support.Spot gold was down 0.47 percent to $1,223.61 per ounce, having touched $1,219.37, its lowest since Oct. 18. U.S. gold futures settled at $1,225.30 an ounce.The dollar climb...Read More
TOKYO, Oct 30 (Reuters) - Honda Motor Co reportedon Tuesday a 40.2 percent jump in second-quarter operatingprofit due to higher motorcycle sales in Asia and costreductions, and as the year-ago earnings were hurt by pensionaccounting changes and litigation settlements.Japan's No. 3 automaker posted a 214.4 billion yen ($1.90billion) operating profit for July-September, up from 152.9billion yen a ye...Read More
Here Are 4 Hot Things to Know About Stocks Right Now Dow logs eighth losing session in past 11The Dow remains in the red for the year. The S&P 500 also declined more than 2%.Shares of International Business Machines Corp. (IBM) fell 4.8% on Monday after $34 billion deal for Red Hat Inc. (RHT) Tesla Inc. (TSLA) jumps after one of the electric car company's shareholders s...Read More
The Monday Market Minute Global stocks edge cautiously higher as investors continue to focus on developments in the U.S. corporate earnings season and rising geo-political risks.China stocks tumble, with the Shanghai Composite falling 2.2%, after weaker industrial profit data and further signs of slowing growth in the world's second largest economy.European stocks book modestly gains, with HSBC...Read More
Chancellor Angela Merkel said Monday that her party's dismal showing in weekend elections has meant her coalition government has "lost credibility" and that she will step down as party leader and retire from politics when her current term as leader of Europe's biggest economy ends in 2021. Merkel's told Christian Democrat leaders that she will stand down as leader of the party that has ruled Ger...Read More
* Spot gold faces strong resistance at $1,238/oz- technicals * Speculators cut net short position in week to Oct. 23(Updates prices)By Vijaykumar VedalaBENGALURU, Oct 29 (Reuters) - Gold prices edged lower onMonday as the dollar firmed, but the metal moved in a narrowrange as worries over U.S. corporate earnings and a slowdown inglobal economic growth weighed on Asian shares.Spot gold was down 0.2...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comOct 30, 2018 The US stock market continues to gyrate wildly with many key Dow stocks staging truly horrific meltdowns.This market is beginning to look eerily like the bear market that started in 1929.Instead of buying stocks as the business cycle troughed as Barrack Obama was elected, man...Read More
CloseGain/LossGold $1223.60-$5.50Silver$14.48+$0.03XAU65.44+1.14%HUI145.23+0.84%GDM532.62+0.49%JSE Gold1170.50+4.49USD96.99+0.38Euro113.45-0.40Yen88.65-0.41Oil$66.18-$0.8610-Year3.119%+0.031T-Bond138.84375-0.50Dow24874.64+1.77%Nasdaq7161.65+1.58%S&P2682.63+1.57% The Metals: Gold dropped $9.10 to $1220.00 in London before it chopped back higher in early New York trade, but...Read More
By Ira EpsteinStall time in gold now that stock indices look to be finding their footing.https://www.iraepstein.com/ Read More
COLORADO SPRINGS, Colo., Oct. 30, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold and 321,590 ounces of silver, which along with base metal revenue generated $24.3 million in net revenue for the quarter. Gold Resource Corporation is a gold and sil...Read More
Graceland Updates By Stewart Thomson 1. The US stock market continues to gyrate wildly with many key Dow stocks staging truly horrific meltdowns.2. This market is beginning to look eerily like the bear market that started in 1929. Instead of buying stocks as the business cycle troughed as Barrack Obama was elected, many investors appear to have bought maniacally after Trump was el...Read More
By Ricky WenMonday's session was a deadly and massive bull trap due to the morning false breakout above the key 2693/2700 levels with the high at 2707 that lasted for a brief moment and looked like the start of a significant temporary bottom formation off Friday's 2627 low. Eventually, the market managed to tank about 100 points from the intraday high towards the 2620/2590 major support area tha...Read More
By Stefan GleasonThe Nasdaq composite enters this week's trading down over 10% in the month of October. For what it's worth, market technicians consider a 10% pullback an official "correction."So far it's just that - a correction. It may therefore be a bit premature to carve the stock market's tombstone.But investors should be prepared for further downside in share prices... and a possible longe...Read More