Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosity on Monday with their chief executives trading insults after Barrick launched an $18 billion hostile bid for the U.S. company, presaging an aggressive battle.The tough talk underscored deep personality and cultural differences between the world's two biggest gold producers. Their past attempts to merge ended in acrim...Read More
The Dow was down triple digits earlierThe Dow Jones Industrial Average (DJI) is modestly higher at midday, swinging into positive territory after spending most of the morning in the red thanks to a negative earnings reaction for Home Depot (HD). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have also erased earlier losses, as investors digest the latest remarks from Fed Chair Jerome Pow...Read More
Gold On Tuesday, the yellow metal pierced the support of the 200-hour SMA. With that the commodity price was signalling that it will decline. Gold has no technical support as low as the 1,315.00 mark. The metal might reach this level by the end of this week. However, take into account that round numbers on the gold price charts have shown resistance and support to the commodity. This ov...Read More
"#Tesla Tumbles After SEC Asks Judge To Hold Musk In Contempt, Musk Responds By Calling SECRead full newsRead More
With most of the world distracted by President Trump's second summit meeting with Kim Jong Un in Hanoi, tensions between two nuclear-armed powers flared roughly 2,000 miles West in the contested border region of Kashmir.Read full newsRead More
The beauty stock has tended to outperform in MarchThe shares of Ulta Beauty Inc (NASDAQ:ULTA) have put in a strong performance since bottoming at an eight-month low near $225 in late December, up 37% at $308.39. There could be more upside in store for the beauty expert, too, considering it's been one of the best stocks to own in March, looking back 10 years.Specifically, data from Schaeffer's Seni...Read More
Caterpillar Inc. was downgraded by two notches to sell from buy at UBS on Tuesday, with the firm writing that it expects more than half of the company's end markets to "peak" in 2019, "pressuring revenue and margins in 2020 as demand declines." It also cut its price target to $125 from $154.Shares of the Dow component fell 3.3 percent in pre-market trading. The stock has risen by more than 25 perc...Read More
* Nornickel sees 2019 palladium market deficit at 800,000 oz* Sees 2019 global palladium consumption up by 500,000 oz* Reports 2018 EBITDA of $6.2 bln, highest level since 2011Norilsk Nickel, the world's largest palladium producer, said on Tuesday tighter emissions regulations in all major markets and flattish primary supply would widen a palladium deficit in 2019.Prices for palladium, chiefly use...Read More
Botswana has offered to lend Zimbabwe $600 million to support its diamond industry and local private firms, a state-owned newspaper reported on Tuesday, amid a severe dollar crunch in the southern African nation.There are few signs the flow of foreign currency is improving in Zimbabwe after it ditched a discredited 1:1 dollar peg for its dollar-surrogate bond notes and electronic dollars, merging...Read More
Goldcorp has revealed the names of the three finalists that will pitch their ideas to the panel of judges at the #DisruptMining live finale Sunday, March 3 in Toronto. The event will be co-hosted by KPMG.The finalists - who are competing for the opportunity to negotiate up to $1 million investment in the winning technology - are:Anaconda Mining for its revolutionary drilling approach to narrow vei...Read More
Goldcorp has revealed the names of the three finalists that will pitch their ideas to the panel of judges at the #DisruptMining live finale Sunday, March 3 in Toronto. The event will be co-hosted by KPMG.The finalists - who are competing for the opportunity to negotiate up to $1 million investment in the winning technology - are:Anaconda Mining for its revolutionary drilling approach to narrow vei...Read More
Goldcorp has revealed the names of the three finalists that will pitch their ideas to the panel of judges at the #DisruptMining live finale Sunday, March 3 in Toronto. The event will be co-hosted by KPMG.The finalists - who are competing for the opportunity to negotiate up to $1 million investment in the winning technology - are:Anaconda Mining for its revolutionary drilling approach to narrow vei...Read More
Palladium's deficit-driven ascent has some analysts warning of the growing potential for a correction given the rapid sprint upward.The silvery-white metal used to control harmful emissions in gasoline-fueled cars surged 40 percent in four months, hitting repeated records, as a supply deficit deepens and demand surges. It's the top-performing raw material tracked by Bloomberg this year, and the th...Read More
Progress on the U.S.-China trade front is worrisome to gold investors.Yet despite the loss of safety demand, gold still has plenty going for it.Increased demand from China, emerging markets will pick up the slack.Now that the March 1 trade tariff deadline on Chinese goods has been extended, investors can finally breathe a sigh of relief. More importantly for gold, however, the trade deadline exten...Read More
Teranga finishes 2018 with record production and $112 million EBITDA.Wahgnion construction is on time and budget and commercial production could start earlier than planned.Golden Hill initial resource tops one million ounces of gold.The first quarter of 2019 should be the strongest quarter of the year, which could provide a boost for the share price once results are released. Source Introduction...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) has published an initial resource estimate for its high-grade discovery at WKP, 10 km north of its Waihi gold mine in New Zealand.WKP contains 234,000 ounces of gold and 296,000 ounces of silver in the East Graben vein contained within 0.41 million indicated tonnes grading 18 grams gold per tonne and 22.7 grams silver per tonne.OceanaGold intends to drill 14,5...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) has published an initial resource estimate for its high-grade discovery at WKP, 10 km north of its Waihi gold mine in New Zealand.WKP contains 234,000 ounces of gold and 296,000 ounces of silver in the East Graben vein contained within 0.41 million indicated tonnes grading 18 grams gold per tonne and 22.7 grams silver per tonne.OceanaGold intends to drill 14,5...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) has published an initial resource estimate for its high-grade discovery at WKP, 10 km north of its Waihi gold mine in New Zealand.WKP contains 234,000 ounces of gold and 296,000 ounces of silver in the East Graben vein contained within 0.41 million indicated tonnes grading 18 grams gold per tonne and 22.7 grams silver per tonne.OceanaGold intends to drill 14,5...Read More
Aphria just signed an agreement to create cannabis-based transdermal patchesThe shares of Aphria Inc (NYSE:APHA) are up 3.7% at $10.05 in early trading, after the marijuana concern said it signed an agreement with Manna Molecular Science to create new cannabis oil transdermal patches for medical and recreational use. As part of the agreement, Aphria has exclusive licensing rights to the product fo...Read More
FAST has added 15.5% year-over-year Fastenal Company (NASDAQ:FAST) is up 15.5% year-over-year and has already added 19.8% in 2019. During this climb, the stock overcame staunch technical resistance located at the $60 level, and in early February successfully re-tested this area as support. FAST has gone on to trade above its October and December 2018 highs, and shrugged off a KeyBanc downgrade to...Read More