600 points. Dow plunged so much yesterday. The S&P 500 and Nasdaq also suffered. The persistence of losses is disturbing. Should, then, gold shine? Bears Are Back in Town The stock market sell-off continues. Yesterday, the Dow Jones Industrial Average dropped more than 600 points. It means that the index erased all of its 2018 gains, as one can see in the chart below. Similarly, the S&P 500 fe...Read More
By Avi Gilburt When we see a large market move occur which surprises you, what do you do? The first thing you likely do is go on the internet to read the financial news so that you can "understand" what just happened.And, what does the news present to you? Well, the news presents to you what the market did and what the "cause" of that move was based upon what hit the news wires that day. In oth...Read More
It may have felt like stocks were free-falling Wednesday, but for many of us who were short, making 'easy' money was like pulling teeth for most of the day. The broad averages jerked around for hours after falling hard in the early going. As the morning wore on, it felt at times as though DaBoyz were going to muscle shares back to unchanged. They failed at this, however, because shorts hung toug...Read More
COLORADO SPRINGS, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for October 2018 payable on November 23, 2018 to shareholders of record as of November 12, 2018. The Company is proud to note that this dividend marks the one hundredth consecutive mont...Read More
- Is Dublin's property market heading for a soft landing?- Increasing fears the latest housing boom could foreshadow another slump as reported in the Financial Times- 68 per cent of prime properties in Dublin 4 and 6 have cut prices- "I doubt it will be 'soft' ... My suspicion is that it'll hurt like hell..." warned Karl Deeter of Irish Mortgage BrokersExcerpt via FT:Over the past five year...Read More
Imported steel billet prices in Egypt widened upward in the week ended Thursday October 25, although demand in the country remained weak.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-490 per tonne cfr on Thursday, compared with $480-485 per tonne cfr last week.The assessment nudged upward because offers at the higher...Read More
(Writes through)By Francesco Canepa and Balazs KoranyiFRANKFURT, Oct 25 (Reuters) - Italy would need to secure a bailout from the European Union if it is to receive any help from the European Central Bank to bring down its borrowing costs on financial markets, the ECB’s President Mario Draghi said on Thursday.The European Commission rejected Italy’s draft 2019 budget this week, saying...Read More
(Reuters) - Paints and coatings maker PPG Industries (PPG.N) said its board unanimously backed Michael McGarry as Chairman and CEO, in response to Nelson Peltz-owned Trian Fund Management’s call for his ouster.Peltz’s Trian Fund, which owns a 2.9 percent stake in PPG, had reportedly asked for the current CEO to be replaced by his predecessor, Charles Bunch, in a bid to improve performa...Read More
Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc.,...Read More
Iranian export billet and slab prices continued to decline in the week ended Wednesday October 24, but customers showed little interest in the material.Some customers refrained from booking Iranian materiel due to the United States sanctions."Customers [in the UAE] were signing documents confirming they will not buy anymore sanctioned material," a UAE-based trading source told Fastmarkets."Buyers...Read More
Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on Londo...Read More
Less than a year after B2Gold Corp. (TSX: BTO; NYSE-AM: B2G) declared commercial production at its 80%-owned Fekola mine in southwestern Mali, the gold producer has updated the mine's resource estimate.Based on about 192,000 metres of exploration drilling in 928 holes, B2Gold estimates Fekola now contains 92.81 million indicated tonnes grading 1.92 grams gold per tonne for 5.73 million ounces of...Read More
Import prices for steel billet in Southeast Asia edged down on Thursday October 25 amid lower offers and lackluster domestic sales for finished steel.Fastmarkets' daily price assessment for billet imported into Southeast Asia was $505-510 per tonne cfr Manila on Thursday, narrowing downward by $5 per tonne from $505-515 per tonne cfr on Wednesday.The assessment range declined from $510-515 per ton...Read More
BUDAPEST (Reuters) - Hungary’s Central European University, a graduate school founded by U.S. financier George Soros, said it was being forced out of the country by the nationalist government and would switch to enrolling new students in Vienna if it did not get guarantees of academic freedom by Dec. 1.The U.S. billionaire, who promotes liberal causes through his charities, has been the subj...Read More
Click here for the full transcript: http://financialrepressionauthority.c...Peter Boockvar is the Chief Market Analyst with The Lindsey Group, a macro economic and market research firm founded by Larry Lindsey. He is also the Co-Chief Investment Officer for Bookmark Advisors, an asset management firm and a member of Advisory Services Network, LLC. Prior to joining The Lindsey Group, Peter spent a...Read More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
Everyone wants to know whether this stock market sell-off is a buying opportunity or the first move in a long-term downtrend. Swiss investor Marc Faber joins Silver Doctors with a word of caution.Faber doubts the majority of stocks will make new highs. In the next two years, many investors will not make money in equities, he says. The Fed will likely try to prop up the market through more accommod...Read More
The Responsible Artisanal Gold Solutions Forum (Forum), with USAID and local partners, is proud to announce several milestones, including the first conflict-free artisanal gold from the Democratic Republic of the Congo (DRC) exported to U.S. jewelers.Forum member Sasha Lezhnev, Deputy Director of Policy at the Enough Project, said, "This gold proves that it is possible to source conflict-free, res...Read More