One month ago we already knew that the U.S. budget deficit for the 2018 fiscal year - Trump's first full year in office - would be jarring after the August deficitContinue...Read More
Australia's chronic shortage of Greenfields mineral discoveries can only be overcome by changing the sector's exploration, financing and training models, according to a keynote speaker at a major international geoscience forum in Adelaide today.Dr Hronsky urged the sector and geoscientists to "front-end load" the area selection process to target new search spaces and to better understand and explo...Read More
So statistically speaking Senator Warren has less native American blood in her than an average white American.Continue...Read More
For a measure of how much last week's surge in gold prices may have caught the market by surprise, consider that hedge funds had just made their biggest-ever bearish wager on the metal days before.Speculators boosted their net-short position in bullion futures and options to the largest since at least 2006 in the week ended Tuesday, according to government data released three days later. By Thursd...Read More
BRUSSELS (Reuters) - Euro zone banks have a large shortfall in their loss-absorbing buffers and now face tougher market conditions for building them up due to higher volatility and widening spreads in sovereign yields, the bloc’s banking watchdogs said on Monday.Under international and EU banking rules, large banks must issue special loss-absorbing debt known as TLAC and MREL that can be con...Read More
On top of some carry over from last week's fear trade, gold is seeing some safe-haven buying due in part Continue...Read More
Mining at the Gruyere project, a joint venture between Gold Road (ASX: GOR) and Gold Fields (JSE, NYSE: GFI) in Western Australia, could begin as early as next month with first gold production expected to come in the second half of next year, the companies said Monday.Overall project engineering at the 270,000 ounce-a-year project, which is already more than A$100 million over its original budget...Read More
(Reuters) - Bank of America Corp (BAC.N) reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender reined in costs, while higher interest rates and loan growth helped offset lower bond trading revenue.Like its peers, the bank has benefited from U.S. President Donald Trump’s tax cuts and a rise in interest rates. A strong job market has also kept bad...Read More
Brien Lundin, publisher of Gold Newsletter, discusses recent moves in the precious metals markets, several mining companies he has his eyes on, and plans for the upcoming New Orleans Investment Conference. The Gold Report: Brien, thanks for joining us today. Can we start with your take on the current situation in the precious metals market? Brien Lundin: Yes. As everyone knows by now, gold respo...Read More
The European market for standard-grade ferro-silicon was unchanged for the third consecutive week on Friday October 12, with suppliers in talks about selling alloy within the present spot price range, while Chinese prices were beginning to slide on slow demand. European market solidifies price position Outlook slow, but stable for the near term Chinese market starts to slip on lackluster demand US...Read More
Technical analyst Clive Maund charts a young gold explorer that he expects to soar. American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) looks set to soar on the back of a rising gold price, after negative sector sentiment has hammered it down to a silly price. It's always nice to pick up a stock that experts are raving about when, by waiting a few months, you can buy it at a little over a quarter...Read More
Money manager Adrian Day looks at three resource companies in his portfolio, one the latest addition with lots of activity; the second, a waiting game; and the third, a re-emergence. Evrim Resources Corp. (EVM, CN, 1.49) received this past week its eagerly awaited permit to drill the Cuale project, and has already got crews on the property ready to commence the drilling. Evrim is planning a minim...Read More
Technical analyst Clive Maund uses charts to explain why he believes the gold bear market is over. Thursday was a momentous day for the precious metals sector with gold, GDX and other ?ndices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stock market was crashing. This is viewed as a strong si...Read More
LONDON, Oct 15 (Reuters) - Portuguese and Italian government bond yields fell on Monday, outperforming euro zone peers after ratings agency Moody's upgraded Portugal's credit rating by one notch back to investment grade.Portugal's bond yields fell up to four basis points after Moody's lifted Portugal's credit rating to Baa3 on Friday, a move that came after the close of European markets.Its 10-yea...Read More
JOHANNESBURG, Oct 15 (Reuters) - South Africa's rand firmedagainst the dollar in early trade on Monday as markets digestednews that ratings agency Moody's opted to hold off publishing areview of the country's debt on Friday, Oct. 12, as planned.* The rand was 0.5 percent stronger at 14.4475 perdollarat 0700 GMT, having closed in New York at 14.5200 on Friday. * Moody's said it would not publish a...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
Gold has been surging as traders seek safe-haven assetsGold prices have been climbing, as investors seek out safe havens amid the recent surge in stock market volatility. After gaining 1.4% last week, December-dated gold futures are up again today, last seen 0.7% higher at $1,230.30. Against this backdrop, options volume is accelerated on the SPDR Gold Shares (GLD), the VanEck Vectors Gold Miners...Read More
CGC is on pace for its highest close everSeveral cannabis-related stocks are higher today, ahead of the Oct. 17 legalization of recreational marijuana in Canada. In addition, Canopy Growth Corp (NYSE:CGC) stock is flying high -- and attracting option bulls -- on M&A news, and Cronos Group Inc (NASDAQ:CRON) shares are higher after inking a notable partnership.CGC Option Bulls Emerging Ahead of Big...Read More
The Dow stock is fresh off its worst week since February 2016Dow name Boeing Co (NYSE:BA) has seenheavy options trading in recent weeks, landing on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 stocks that have attracted the highest amount of weekly options volume during the past 10 trading days. Names highlighted yellow are new to the list. BA is fresh off its worst week since...Read More
The European Commission's imposition of tariff rate quotas on 23 steel products earlier this year is severely threatening non-integrated downstream wire rod consumers who have become increasingly reliant on imports over the last few years, the European Non-Integrated Wire Rod Processors Association (Eunirpa) said. Wire rod imports into Europe have increased sharply in the past three years - the ti...Read More