Gold Resource shares rose sharply higher after the miner announced its preliminary numbers for the first quarter and gave its outlook for the rest of this year. Continue...Read More
Gold now has limited downside (20%) but substantial upside (650%)Gains on gold are likely to come at a time when stocks are crashingInvestors and savers without an allocation to gold will be wiped outTime to consider saving in physical gold? Editors noteby James Rickards, Daily ReckoningFollowing the Panic of 1907, John Pierpont Morgan was called to testify before Congress in 1912 on the subject...Read More
The catchphrase “follow the money,” popularized by the 1976 film All the Presidents Men, suggested that if you’re looking for a motive behind an event, you simply need to follow the money. In the case of recent price declines in gold, the more appropriate catchphrase would be to “follow the dollar,” or more appropriately, follow the dollar index.The dollar index is th...Read More
Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.This is according to the Minister for Resources and Northern Australia Senator Matt Canavan who, in interview with The North West Star, explained that surface soil samples collected at 776 sites yielded significant concentrations of copper,...Read More
May 9 (Reuters) - Galane Gold Ltd:* GALANE GOLD LTD. RELEASES FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2018 AND ANNOUNCES PRODUCTION RESULTS FOR APRIL 2018* GALANE GOLD LTD - PRODUCED 7,649 OUNCES OF GOLD IN QUARTER* GALANE GOLD LTD - PRODUCED A TOTAL OF 4,004 OUNCES OF GOLD FOR MONTH OF APRIL 2018 Source text for Eikon: Disclaimer: The views expressed in this article are those of the au...Read More
Angus McDowall, Jeffrey HellerBEIRUT/JERUSALEM (Reuters) - The Syrian Observatory for Human Rights said on Wednesday an Israeli attack on Iranian military facilities south of Damascus had killed at least 15 people, including eight Iranians.The reports of an Israeli attack in Kisweh late on Tuesday emerged after U.S. President Donald Trump announced he was pulling out of the Iranian nuclear deal.Th...Read More
Oil prices had a huge dayStocks rallied today, taking their cue from a surge in oil prices following President Donald Trump's decision to pull the U.S. from the Iran nuclear deal. Thanks to a strong second-half push, the Dow closed the day well into triple-digit-gain territory, overcoming Walt Disney's (DIS) weak earnings reaction and Walmart's (WMT) M&A-related sell-off. For economic data, trader...Read More
North American gold-backed exchange traded funds saw inflows in April at the highest since September 2017, as a U.S.-China trade war stand-off, tensions over Syria and worries over possible U.S. sanctions on Russia ushered in safe-haven purchases.This happened amid a strong U.S. dollar and expectations for the U.S. Federal Reserve to increase interest rates, which makes dollar-priced gold a less a...Read More
WASHINGTON (Reuters) - U.S. Senator Joe Manchin said in a statement on Wednesday he would back President Donald Trump's pick to be CIA director, Gina Haspel, becoming the first Democrat to support her nomination.Support from Manchin, a moderate who often votes with Republicans, is a huge boost for Haspel's chances at winning the majority of votes needed to be confirmed in the full Senate, where Tr...Read More
(Reuters) - Uber Technologies Inc [UBER.UL] on Wednesday re-opened a contest to select the first international city to launch its proposed flying taxi project, following apparent delays in getting the service off the ground in Dubai, a previously proposed market.UberAIR, as the service will be known, aims to launch demonstrator flights starting in 2020 and begin paid, intra-city operations in 2023...Read More
NEW YORK (Reuters) - Benchmark 10-year U.S. Treasury yields are threatening to break above a declining trendline that has contained the bonds for more than 30 years. That may mark the beginning of a long-term bear market, though confirming such a trend could take years.Expectations that the Federal Reserve will raise interest rates at least two more times this year and surging Treasury issuance as...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he will announce the site for a summit with North Korean leader Kim Jong Un within three days and it will not be held at the demilitarized zone along the border between the two Koreas.“It will not be there,” he told reporters at the start of a Cabinet meeting at the White House when asked if the planned meeting would...Read More
PARIS (Reuters) - Emmanuel Macron will become on Thursday only the second sitting French president to win the prestigious Charlemagne Prize for offering a “vision of a new Europe”, and Germany’s Angela Merkel will deliver the official speech commending his efforts.But, while lavish in her praise for the 40-year-old Macron since he swept to power a year ago, the German chancellor...Read More
(Reuters) - Wall Street rallied on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear deal with Iran.Gains were broad, with all but the utilities and telecom sectors advancing as investors who had moved to the sidelines in recent days ahead of Trump’s decision returned to the market.“It’s...Read More
WMT bought a controlling stake in India's e-tailer FlipkartUnder growing pressure from Amazon (AMZN), Walmart Inc (NYSE:WMT) said it paid $16 billion for a 77% controlling stake of Indian e-tailer Flipkart. The deal is the biggest ever for the U.S. retailer, with the company saying it could lower its full-year per-share earnings by 25 cents to 30 cents. In reaction, WMT shares are trading down 2.5...Read More
ANKARA (Reuters) - Turkey’s Tayyip Erdogan and his economy team on Wednesday agreed to take measures to ease interest rates and help shield the tumbling lira, underscoring a deep split between the president and international investors hoping for tighter monetary policy.Erdogan, a self-described “enemy of interest rates” who believes they cause inflation, met with members of his e...Read More
TWLO is eyeing its best day since 2016 after earningsStocks are surging today, as oil prices continue to climb. Retail giant Sears Holdings Corp (NASDAQ:SHLD) and cloud stock Twilio Inc (NYSE:TWLO) are soaring, while airliner American Airlines Group Inc (NASDAQ:AAL) is grounded. Here's a closer look at what has shares of SHLD, TWLO, and AAL moving today.Sears Stock Higher After Scoring Amazon Tire...Read More
Last time this rare options signal sounded, the shares skyrocketedTenet Healthcare Corp (NYSE:THC) stock has been on fire lately, with the shares exploring two-year highs in the wake of last week's earnings win. What's more, THC options are trading at a relative bargain, despite the equity's advance. The last time Tenet shares were trading near new highs and simultaneously sported attractively pri...Read More
WASHINGTON (Reuters) - The U.S. troop presence in South Korea would not be part of initial negotiations with North Korea, U.S. Defense Secretary Jim Mattis said on Wednesday, ahead of expected talks between President Donald Trump and North Korean leader Kim Jong Un.His comments came just hours after North Korea released three American prisoners and handed them over to U.S. Secretary of State Mike...Read More
Put buying has been unusually popular on FTRTelecom stock Frontier Communications Corp (NASDAQ:FTR) continues to struggle on the charts, down another 8.8% today at $8.92, following a bear note out of Citigroup. An analyst there downgraded FTR shares to "sell" from "neutral," and cut his price target by $1.00 to $6.25, expecting increased pressure on the company's free cash flow going forward. Opti...Read More