Mark Bristow taking over the leadership of Barrick Gold Corp. facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country's attorney general said.Barrick unit Acacia Mining Plc has been at odds with Tanzania's government since July 2017, when the state handed it a $190-billion tax bill, saying the gold producer falsely declared bullion...Read More
Kyrgyz gold producer Chaarat (AIM:CGH) and Turkish mining and mine construction contractor ??iftay ??nsaat Tahh? 1/4 t ve Ticaret signed today a binding term sheet to enter into a joint venture with the idea of collaborating on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.In a press release, the companies explained that even though they have worked together since 2017 and that in 20...Read More
Havilah Resources (ASX: HAV) is planning to run a detailed, high resolution, airborne electromagnetic survey or AEM to explore for additional copper-cobalt resources in the Mutooroo copper-cobalt district, located in New South Wales, eastern Australia.The survey is planned to commence in mid-April and it is expected to take at least three weeks to complete. This type of study has never been done o...Read More
Chile's Supreme Court has ruled in favour of Barrick Gold (TSX:ABX) (NYSE:GOLD), revoking the permanent closure of the Canadian miner's Pascua-Lama gold-silver project.The world's largest gold miner, which completed its merger with Randgold at the beginning of the year, said the March 14 ruling overturned the Antofagasta Environmental Court's order, issued late last year, and it also ordered...Read More
* European stocks rise, led by banks, resources sectors * Commerzbank, Deutsche Bank jump on merger talkconfirmation * German stocks fall for first time in three days * Germany's Leoni slumps after scrapping 2019 profit target (Updates prices to close)March 18 (Reuters) - European stocks rose for the fourthsession in a row on Monday as a flurry of dealmaking, includingmerger talks between Deutsche...Read More
Bulk alloy suppliers are reporting increased prompt demand from British consumers amid concerns about potential supply disruptions when the United Kingdom leaves the European Union. Increased demand as a result of increased call-offs - consumers exercising their rights to material under existing contracts - as well as better spot demand, could lead to higher prices in the coming weeks, according t...Read More
Rio Tinto (ASX, LON: RIO), the world's second largest miner, is recommending shareholders to vote against a resolution requiring the company to release its direct emissions details and strategies on how its greenhouse gas emissions and those of its customers can be cut.In a letter from chairman Simon Thompson, Rio urged investors to vote against the proposed rule change that would have the miner t...Read More
* FTSE 100 up 1 pct, at 5-month high * FTSE 250 about flat * Worldpay's London shares jump after buyout deal * Financial stocks up on M&A * Hunting up on rating upgrade (Adds news items, updates share moves)By Muvija M and Shashwat AwasthiMarch 18 (Reuters) - London's exporter-heavy FTSE 100 surgedto a five-month high on the back of a drop in sterling afterBritain's parliament speaker struck a...Read More
* Wave of mergers fuelled by shift away from cash * Deal values Worldpay at about $43 bln including debt * Worldpay shareholders to get $112.12 per share * Cash-and-stock deal offers premium of about 14 pct (Adds quotes from source close to deal, adds analyst comment)By Justin George Varghese, Rachel Armstrong and PamelaBarbagliaMarch 18 (Reuters) - U.S. fintech Fidelity NationalInformation Servic...Read More
The number of new passenger car registrations in the EU decreased by only 0.96% year-on-year in February 2019. This made it the sixth consecutive month to show a decline but there were also signs of recovery, the European Automotive Manufacturers Assn (ACEA) said on Friday March 15.New car sales in Europe totaled 1,114,692 units in February 2019, compared with 1,125,472 vehicles sold in the corres...Read More
Import prices for steel slab in Southeast Asia and East Asia were unchanged over the past week amid a lack of trading activity.The weekly Fastmarkets MB import price assessment for slab in Southeast Asia and East Asia was $475-495 per tonne cfr on Monday March 18, the same as a week earlier.Trading activity in the spot market remained sluggish over the week amid...Read More
Aftergold’s plunge on Thursday, it made a comeback attempt on Friday. But thaterased only half of Thursday’s vigorous decline. The situation in silver and goldminers doesn’t provide much ground for optimism either. The silent scream wewrote about in the Wednesday’s Alert for our subscribers brought seriousrepercussions. Both immediately and step-by-step as in a trainwreck i...Read More
Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More
By: Dave KranzlerI sourced the chart below from a blog called The Macro Tourist. I added the title and the two yellow trend lines. The chart shows the daily price of gold since the inception of the bull market in 2000-2001. Last Friday (March 8th) gold popped $12 +/- (depending on the time from which you measure). I mentioned to some colleagues that "gold may be starting something special."The...Read More
By: Avi GilburtMany investors maintain beliefs about the stock market which often have them looking the wrong way at the market turns. In fact, I can no longer count how many comments I see about how the Fed is what directs our stock market action, and it just makes me scratch my head.The main argument by Fed watchers is that the Fed's easy money drives the stock market. Yet, the Fed's balance s...Read More
The broad averages have rallied from their Christmas lows almost as steeply as they got there in the fourth quarter. The first 2,000 points of the Dow's trampoline bounce took just seven trading days. At the time, we wrote that the trend would continue until even hardcore skeptics were convinced that new all-time highs were likely. That is what bear rallies are supposed to do. Well, another 1100...Read More
Mar. 15th, 2019(S14-E687)Featured GuestsCEO Ken Lewis &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS!(Remember to say Goldseek Radio sent you!).ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott.CEO of APMEX and founder of ONEGOLD Inc., Kenneth Lewis ret...Read More
Trading may not pick up until after Wednesday's Fed decisionThe Dow spent much of the day in negative territory due to more losses out of Boeing, but the blue-chip index managed to reverse higher by the close, extending its win streak to four sessions. The S&P 500 and Nasdaq followed similar paths, with both benchmarks notching modest gains after a wishy-washy session. Chances are high that many t...Read More
Analyst sentiment toward FDX is broadly optimistic, despite the dismal price actionShipping name FedEx Corporation (NYSE:FDX) is up 1.6% at $180.91 in afternoon trading, despite earlier receiving a pre-earnings price-target cut to $230 from $235 at Raymond James. The company's fiscal third-quarter earnings report is due out after the market closes this Tuesday, March 19 -- and ahead of the event,...Read More
It’s been years since the gold and silver topped out in 2011. We have been waiting for a new bottom form and a new bull market to emerge for nearly 8 years. In this article, I’m going to compare palladium, gold, platinum, and silver and show you which of these precious metals I feel is the best long-term investment and also the best trade for 2019.The analysis presented below is based...Read More