Gold markets were rocking on Tuesday, lifted by a basket of factors that included poor stock market performance earlier in the week, slow growth in China, weak earnings reports and expectations the US Federal Reserve would strike a dovish tone at its two-day meeting starting on Tuesday afternoon.It used to be that major gold miners were looking at 5-million ounce projects to buy and develop; now t...Read More

History says beware one blue chip before earningsWhile the broader S&P 500 Index (SPX) is on pace for its best month since October 2015, several stocks could take a breather in February, if past is prologue. Below are the 25 worst stocks to own in the shortest month of the year, looking back 10 years, with Merck & Co, Inc. (NYSE:MRK) at the top of the list ahead of earnings tomorrow.In order to ma...Read More

in 2018, Central banks bought the most gold by volume since 1967.The Russian central bank is leading the way as it looks to reduce its reliance on dollar reserves.David Reid| @cnbcdavyPublished 13 Hours AgoCNBC.com Carla Gottgens | Bloomberg | Getty ImagesGold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018.The amount of go...Read More

In his latest Discovery Watch interview, John Kaiser from Kaiser Research Online believes the share price of INK Canadian Insider Index member Wesdome Gold Mines (Mostly Sunny; WDO) is getting a lift from exploration at its Kiena Mine Complex near Val d'Or Quebec and gold's strength.Wesdome Gold Mines shares benefiting from discovery news and productionMr. Kaiser explains that back in late 2106 W...Read More

The Nasdaq, meanwhile, is set for its best month since 2011The Dow Jones Industrial Average (DJI) is down 78 points at midday -- after being down more than 170 points earlier -- dragged lower by disappointing earnings reports from Microsoft (MSFT) and DowDuPont (DWDP). Intel (INTC) joined the list of stocks at the bottom of the Dow, too, after naming Robert Swanits permanent CEO. The S&P 500 Ind...Read More

One name has explored both sides of breakeven todayB. Riley upgraded Geron Corporation (NASDAQ:GERN) to "buy" from "neutral," and raised its price target to $3.25 from $1.50 -- a 215% premium to last night's close. The analyst in coverage waxed optimistic on the drugmaker's myelofibrosis treatment imetelstat, projecting approval from the Food and Drug Administration (FDA) by 2023, and U.S. sales o...Read More

The horrific collapse of a dam owned by Brazilian mining giant Vale - with the death toll likely to reach the hundreds and widespread environmental damage - highlights a mix of failed government oversight and laws that favor mining interests over public safety. "They thought it was easier to sink the bill" he says.Joao Vitor Xavier, a legislator in mineral-rich Minas Gerais state, had been warnin...Read More

Australia's two biggest miners on Thursday backed calls for an indigenous advisory body in parliament, saying Prime Minister Scott Morrison's opposition to the proposal did not "stand up to scrutiny".Australia has struggled for decades to reconcile with descendants of first inhabitants, who arrived on the continent some 50,000 years before British colonists.The government only issued a formal apol...Read More

Gold and Silver, Daily & H4 Gold Futures soared to fresh eight-month highs of 1,323.00 from near $1,308, after the dovish FOMC statement, which removed the reference to further gradual rate increases, resulting in a fresh round of risk-on, and a lower Dollar and Treasury yields. Today marks the fourth straight day of higher daily highs, following the January 18, which provided a Gold...Read More

* Chalco says Shandong unit subject to 'flexible production'* Says is considering transformation, upgrade of plant* Company has closed 850kt of capacity since 2018 - consultancyAluminum Corp of China , known as Chalco, said late on Wednesday it had stopped production at an aluminium smelting plant in eastern China's Shandong province, citing high electricity costs.In a statement to the Shanghai an...Read More

Fed confirms that gold has nothing to fear from rising rates.Stronger pound and weaker dollar also continue to support bullion.Gold's relative strength versus S&P 500 bodes well for interim outlook. The outlook for gold continues to brighten now that it no longer has to compete with higher interest rates. In today's report, we'll discuss the Federal Reserve's latest interest rate statement...Read More

Japan's Idemitsu Kosan, Kyushu Electric Power and Tokyo Gas said on Thursday they have given up their plan to build a 2 gigawatt (GW) coal-fired power station in Chiba, near Tokyo, as it would not be economically feasible.The move follows a similar decision by Chugoku Electric Power and JFE Steel, a unit of JFE Holdings last month, and comes amid growing pressure in most of the world for companies...Read More

The company reported fiscal second-quarter revenue that fell shortThe shares of Microsoft Corporation (NASDAQ:MSFT) are down 2.3% at $103.92 -- dragging on the Dow -- after the company reported fiscal second-quarter revenue below analysts' expectations. The company cited a strengthening U.S. dollar, slowing Azure revenue growth, and a personal computing segment revenue miss for the disappointing n...Read More

PFE shares recently came into contact with their 200-day moving averageComing off the company's earnings release on Tuesday, Pfizer Inc. (NYSE:PFE) just received an upgrade to "outperform" from "neutral" at Credit Suisse, which bumped up its price target to $47 from $45. This is overshadowing a minuscule price-target reduction out of Independent Research, from $44 to $43. PFE shares are trading hi...Read More

Additional 110,000t of LCE and 36,000t of cobalt forecast for 2019Read full newsRead More

Zijin completes acquisition of Nevsun.The new Barrick Gold starts trading as GOLD. What comes next?Newmont and Goldcorp to combine forces. Is it a good move?Here's a look at that news and more top news in the gold sector for January 2019.Top Gold Mining News for January 2019 I am here to provide you with the top news in the gold mining sector for January 2019. Well, things are looking pretty g...Read More

This article is an update to the view that we expressed here on Silver during the past couple of months. The precious metal apparently broke through a bearish mid-term trend support as we publish this article. Therefore, it is reasonable to reassess the outlook for silver. To recap briefly, we presented a long asymmetric risk/reward trade idea on November 15th, 2019. The nearest silver future was...Read More

The brokerage firm downgraded the stock and cut its price targetGoldman Sachs downgraded H & R Block Inc (NYSE:HRB) stock to "sell" from "neutral," and lowered its price target to $22 from $27 -- a discount to last night's close at $25.52. Analyst George Tong said U.S. tax reform and the ending of many promotions this year will likely lead to falling assisted tax volume for the company.In reaction...Read More

Brazil's Minas Gerais state labour prosecutors have frozen more than 800 million reais ($219 million) of Vale's funds as compensation for victims of last week's tailing burst, which killed at least 99 people.People located at and near Brumadinho, the town where the breach occurred, are now facing the dangers associated with having toxic elements in the Parapoeba river, which flows into Sao Franci...Read More

Brazil's Minas Gerais state labour prosecutors have frozen more than 800 million reais ($219 million) of Vale's funds as compensation for victims of last week's tailing burst, which killed at least 99 people.People located at and near Brumadinho, the town where the breach occurred, are now facing the dangers associated with having toxic elements in the Parapoeba river, which flows into Sao Franci...Read More