LONDON, 26 April 2018 - BullionVault is named today as a way to buy gold by top-selling UK personal finance magazine MoneyWeek.Looking at different ways to buy gold, "If you're not keen to store your own gold then opt for an online specialist such as BullionVault.com," says MoneyWeek editor John Stepek.You can read the full report here:Protect your wealth from the growing inflation threat Read More
The looming 2020 financial crisis is the accumulation of the demographic problem which will manifest itself into a a financial and economic disaster. Continue...Read More
- Emergency cash offered by Ulster Bank as cash vanishes from accounts- Bank makes EUR500 available to customers whose deposits vanish- Bank investigates after hundreds of complaints on social media- "My salary has disappeared from my account today and my wife had her card declined when trying to pay for a GP visit and medication"- Cyber attacks and Brexit are biggest threats to the securities...Read More
Frank Holmes joined Pimm Fox and Lisa Abramowicz on Bloomberg Radio to chat about gold's current trajectory. Frank explains how rising inflation, which he believes is currently understated, has historically been a catalyst for higher bullion prices. For this reason, Frank believes gold is on track to hit $1,500 an ounce and that investors should consider including the yellow metal in their portfol...Read More
Anyhope for potential support and subsequent reversal in gold was short-lived as astrengthening U.S. dollar and a predominantly bearish sentiment took priceslower today. Gold futures are currently trading off by nine dollars to be fixed at $1,324 per ounce, a net decline of-0.67%.Exceptfor palladium, precious metals are trading lower today across the board.Physical palladium is trading unchanged o...Read More
(Kitco News) - GoldcorpInc. (TSX: G, NYSE: GG) late Wednesday reported that its output and profit fellduring the first quarter, compared to the same period a year ago.Net earnings came in at $67million, or 8 cents per share, compared to $170 million, or 20 cents, for thefirst quarter of 2017. According to news reports, analysts were expecting around11 cents per share.However, the company said that...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD EXPANDS NEW HIGH-GRADE ZONE BELOW TAYLOR MINE, REPORTS MINERALIZED EXTENSIONS ALONG STRIKE AND AT DEPTHKirkland Lake Gold Ltd. has releasednew exploration drill results from surface and underground drilling at the Taylor mine in Northeastern Ontario and situated along the PDF. Recent drilling occurred at depth below both the East and West porphyry depos...Read More
(Kitco News) - CoeurMining, Inc. (NYSE: CDE) late Wednesdayreported a small profit for the first quarter.Thecompany listed both net income and adjusted income of $0.7 million, or zerocents per share. In the year-ago quarter, net income was $18.3 million, or 10cents, while adjusted income was $6.8 million, or 4 cents.Revenuefell to $163.3 million from $185.6 in the same period a year ago, as the ta...Read More
U.S. 10-year yields declined for the first time in nine daysFacebook, AMD earnings eased some concern in tech sectorMike Siegel of Goldman Sachs says the markets are seeing levels of "normalized" volatility.U.S. equities rose, with technology shares rallying after strong earnings from Facebook Inc. and Advanced Micro Devices Inc. offered a reprieve for bulls. The yield on 10-year Treasuries fell b...Read More
Australia's biggest gold miner Newcrest Mining Ltd on Thursday cut its full year production forecast, while reporting a fall in third-quarter production.Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30, down from 2.4 million to 2.7 million ounces expected earlier. It also downgraded guidance for its flagship Cadia mine which restarted production...Read More
Mr. Mike Beckstead reportsKLONDEX REPORTS FIRST QUARTER 2018 OPERATING RESULTS Klondex Mines Ltd. has released its preliminary operating results for the first quarter of 2018.First quarter 2018 highlights:Announced proposed acquisition of Klondex by Hecla Mining Co. for $462-million (U.S.);Mined 49,873 gold equivalent ounces (GEOs);Produced 43,525 GEOs;Mining and production results in line with co...Read More
The Dow erased earlier losses, while the S&P and Nasdaq finished mixedThe Dow muscled its way to a daily win thanks to Boeing's (BA) dramatic post-earnings lift, with the blue-chip index snapping its five-day losing streak. The S&P also closed higher, while the Nasdaq ended in the red -- though moves were modest, as the 10-year U.S. Treasury yield continued to push above the psychologically signi...Read More
WASHINGTON (Reuters) - The United States will press NATO allies, especially Germany, to increase military spending while underscoring the heightened threat from Russia, a senior State Department official said on Wednesday before Friday’s meeting of the alliance in Brussels.Asked whether U.S. Secretary of State nominee, Mike Pompeo, would attend the meeting if he was confirmed by the U.S. Sen...Read More
NEW YORK (Reuters) - Wall Street climbed into positive territory on Wednesday as optimism over a spate of upbeat earnings was dampened by jitters over rising bond yields and corporate costs.All three major U.S. indexes fluctuated in choppy trading and the Dow flirted with its sixth consecutive decline during much of the session, which would continue its longest losing streak since an 8-day slide i...Read More
WASHINGTON (Reuters) - The Trump administration is preparing to submit to the U.S. Congress up to $25 billion in immediate spending cuts, including possible reductions to social safety net programs, lawmakers said on Wednesday, in a move that could upend a budget deal enacted last month.The White House plan, which has not yet been unveiled, would call on Congress to rescind funding already enacted...Read More
Snap stock is on track to break its longest winning streak since JanuaryIt's been a roller-coaster ride for the broader U.S. stock market, as Wall Street weighs a fresh batch of corporate earnings and the 10-year Treasury yield holds near a four-year high. Among individual stocks, Snapchat parent Snap Inc (NYSE:SNAP), healthcare management name Magellan Health Inc (NASDAQ:MGLN), and drugmaker Dare...Read More
NEW YORK (Reuters) - The New York Stock Exchange said on Wednesday that trading was suspended on its exchange in five stocks, including Amazon and Alphabet, for the rest of the day due to a technical glitch involving trade reporting.The exchange, which is owned by Intercontinental Exchange Inc (ICE.N), said the suspension was due to a “price scale code” issue and any open orders in tho...Read More
WASHINGTON (Reuters) - French President Emmanuel Macron on Wednesday called on the United States not to abandon a nuclear agreement with Iran until a broader international accord is reached that addresses all remaining U.S. and European concerns about Iran.Capping a three-day visit to the United States in which he urged President Donald Trump to stay in the Iran pact, Macron told a joint meeting o...Read More
(Kitco News) - Gold has missed several opportunities to rally this year andthe path of least resistance is in the downward direction for now, thisaccording to Carley Garner, president of DeCarley Trading.“[Gold] has had every excuse in the book to rally. We’ve hadpolitical turmoil, trade conflict, and gold just can’t seem to get above$1,350, $1,360 [an ounce]. So, I think we&rsqu...Read More
WASHINGTON (Reuters) - Volkswagen AG (VOWG_p.DE) has reached a $33.5 million settlement with Maryland over state claims related to the German automaker’s excess emissions, court documents show.Volkswagen previously agreed to spend more than $750 million to resolve various state environmental and consumer claims in the United States.In total, VW has agreed to spend more than $25 billion in th...Read More