Gold losses momentum during American sessions despite weaker US dollar. Metal remains bullish as US yields consolidate recent slide. Gold peaked earlier today at $1,233/oz the highest level since July 26 but pulled back under $1,230 finding support around the $1,225 zone. Still was headed for the highest close in two months, with a gain of almost $10. The yellow metal continued...Read More
Gold prices recovered the incremental price decline on Friday and are now trading above Thursday's closing price. On Thursday of last week, gold prices rose from the opening price of $1,197 to $1,230 by the closing bell. On Friday, gold prices had a fractional decline with the most active December Comex contract closing at $1,222 per ounce. Even with Friday's small daily decline, gold futures had...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES ANNOUNCES $20 MILLION PRIVATE PLACEMENT AND SHARE CONSOLIDATION Bonterra Resources Inc. has entered into an agreement with Sprott Capital Partners to act as lead agent, on its own behalf and, if applicable, on behalf of a syndicate of agents, in connection with a marketed private placement to raise gross proceeds of up to $20,000,130.Prior to closing of t...Read More
Gold rose 3.5 percent in the past week, and it could keep moving higher, particularly if stocks remain under pressure.The precious metal is also seeing improved emerging market physical demand.Analysts expect gold, after two quarters of weakness, to trade higher through next year.Patti Domm| @pattidomm Published 8 Hours AgoUpdated7 Hours AgoCNBC.com Regis Duvignau | ReutersAn employee checks a...Read More
Silver has suffered massive consequences of the 2011 bubble.The current drop has decimated the bulls and metal is grinding along the bottom.We explain why Silver is a great option on inflation and monetary madness coming in the next recession and why you should be accumulating now.The silver bear market has carted off many bulls in bodybags. Since the 2011 peak iShares Silver Trust ETF (SLV) is do...Read More
WASHINGTON (Reuters) - U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.But other details of the report from the Commerce Department on Monday were upbeat and suggested that consumer spending ended the third quarter with strong momentum, which should provide a boost to economic...Read More
WASHINGTON (Reuters) - Retiring U.S. House Speaker Paul Ryan on Monday launched a whirlwind tour of a dozen states, where he aims to pump up the campaigns of 25 embattled Republican members of Congress as the party fights to keep control of Congress.With three weeks until the Nov. 6 congressional elections, most projections show Democrats holding a strong chance of gaining the 23 seats they would...Read More
Apple (AAPL) weighed heavy on the Nasdaq todayU.S. stocks struggled for direction today, before ultimately closing lower. Specifically, the Nasdaq ended lower as tech stocks weighed heavy, including FAANG member Apple (AAPL). Tech also succeeded in dragging the Dow and S&P into the red by the closing bell. As such, and in light of a weaker-than-expected report on September retail sales, many trade...Read More
ROME (Reuters) - Italy’s cabinet on Monday approved the country’s expansionary 2019 budget bill, Prime Minister Prime Minister Giuseppe Conte said.Conte told reporters the budget “keeps our promises while keeping public accounts in order”, adding that the government had sent the budget framework to the European Commission in Brussels for its review.Reporting by Giuseppe Fon...Read More
(Reuters) - A drop in technology stocks on Monday kept pressure on Wall Street and led the Nasdaq lower, but the S&P 500 and Dow Jones Industrial Average eked out slim gains as defensive sectors rose, while traders also pointed to technical support.Apple (AAPL.O) fell 1.5 percent and weighed the most on the three major indexes after Goldman Sachs said there were multiple signs of rapidly slowi...Read More
WASHINGTON (Reuters) - Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter.After Tuesday, when the district council is expected to vote on whether rentals on platforms like Airbnb and HomeAway can continue in the U.S. capital, Howard’s lis...Read More
WASHINGTON (Reuters) - The U.S. federal government closed the 2018 fiscal year $779 billion in the red as tax cuts hit revenues and the government paid more to service a growing national debt, according to Treasury Department data released on Monday.The deficit for the fiscal year - or the 12 months through September - was the largest since 2012.The data also showed a $119 billion budget surplus i...Read More
Mike Gleason: It is my privilege now to welcome in Dr. Stephen Leeb, Chief Investment Officer at Leeb Capital Management. Dr. Leeb has decades of experience in the financial markets and has even authored seven well regarded books, including best sellers The Coming Economic Collapse: How to Thrive When Oil Costs $200 a Barrel, and Game Over: How to Prosper in a Shattered Economy. He's also the...Read More
The world's biggest miner BHP on Tuesday upped its share in SolGold Plc, bolstering its position against top shareholder Newcrest Mining as it eyes SolGold's promising Cascabel copper-gold project in Ecuador.Under the deal, SolGold will issue a 100 million shares to the company, raising its stake to 11.2 percent from 6.0 percent.BHP has agreed to pay 45 pence per SolGold share, which is offered at...Read More
NEW YORK (Reuters) - The U.S. dollar dipped on Monday after retail sales data for September missed economists’ expectations, and as benchmark U.S. Treasury yields consolidated after hitting seven-year highs last week.U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.Retail...Read More
MUMBAI (Reuters) - Amazon’s investment in an extensive delivery network, and offering installation services and monthly payment plans, helped make large appliances a major category during its annual festive sale, the head of its Indian business said on Monday.The bulk of orders for goods such as washing machines and refrigerators came from India’s smaller towns and cities, said Amit Ag...Read More
OTTAWA (Reuters) - Mexican Economy Minister Ildefonso Guajardo on Monday discussed his concerns about new Canadian tariffs on steel during a call with Foreign Minister Chrystia Freeland, a Canadian government source said.Guajardo said last week he rejected Canada's move to impose new quotas and tariffs on imports of seven categories of steel from many countries, including Mexico.Reporting by David...Read More
NEW YORK (Reuters) - JP Morgan & Chase Co (JPM.N) Chief Executive Jamie Dimon and Ford Motor Co (F.N) Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi.The cancellations could add pressure on other U.S. firms like Goldman Sachs Group Inc (G...Read More
Gold futures rose Monday to settle at their highest since late July as benchmark stock indexes mostly declined and a leading dollar index weakened. December gold GCZ8, -0.31% rose $8.30, or 0.7%, to settle at $1,230.30 an ounce. That was the highest finish for a most-active contract since July 31, according to FactSet data. Meanwhile, December SIZ8, -0.24% silver rose 9.2 cents, or 0.6%, to $14....Read More
(Kitco News) - Scientists backed by the U.S. Army have developed a new gold-silver alloy that would lighten U.S. military’s devices as well as make them more powerful, according to a new study.The new alloy comes from the U.S. Army Research Laboratory — completed in conjunction with the University of Maryland and Brazil's Paulista State University.The discovery opens doors for lighter...Read More