Gold is, without a doubt, the most controversial asset class.However, efficient frontier models show that gold wins portfolio allocations for far greater amounts than the naive expectation would be.Gold holds key investment advantages over other commodities. Additionally, gold shows a positive skew in returns, meaning it tends to "melt up" rather than crash to the downside like equities....Read More
Trump said he would intervene in the Huawei exec's legal troubles "if necessary"Dow Jones Industrial Average (DJIA) futures are trading more than 200 points above fair value, after President Donald Trump chimed in on last week's arrest of Chinese tech exec Meng Wanzhou -- who was released on bail yesterday by a Canadian judge. Speaking to Reuters, POTUS said he "would certainly intervene" if he th...Read More
MELBOURNE- Australia is this week set to sign a preliminary deal with the United States to support joint research and development of minerals deemed critical to the U.S. economy, a government minister said on Wednesday.That comes as Washington is looking to diversify its sources of supply for 35 minerals used in smartphones, computers and military equipment amid a festering trade war with China."T...Read More
NVDA has shed nearly half its value since Oct. 2Perhaps no stock has fallen further from grace during the broad market sell-off than Nvidia Corporation (NASDAQ:NVDA). Today, the chip stock is down 0.6% in electronic trading, after RBC trimmed its price target to $230 from $260, but even that still represents a 55% premium to yesterday's closing perch of $148.19. Also adding pressure is a report ou...Read More
• The prevalent USD bullish sentiment prompts some fresh selling. • Rebounding US bond yields exert additional downward pressure. • US-China trade optimism further dampens safe-haven demand. Gold reversed an early uptick to $1246 area and has now drifted into negative territory for the third consecutive session. The precio...Read More
BHP, (ASX:BHP) the world's No.1 miner, won't sell its smallest Chilean copper operation this year after all, as would-be buyer EMR Capital Advisors Pty, an Australian private equity firm that invests in natural resources, failed to meet a financing deadline for the $230 million cash deal.The Melbourne-based mining giant had decided to offload Cerro Colorado mine in May last year, as part of ch...Read More
The inverted yield curve is a popular predictor of recessionsThe yield curve is created by plotting the yields on U.S. Treasuries at various maturities. It's getting a lot of press lately because the five-year rate has overtaken the two-year rate. It's expected that the 10-year rate will soon surpass the two-year rate, meaning an inversion between the more popular 2-year/10-year yield spread. An i...Read More
* GRAPHIC-2018 asset returns: (Adds closing prices)By Maytaal AngelLONDON, Dec 12 (Reuters) - Copper slipped on Wednesday asinvestors shrugged off upbeat comments from U.S. PresidentDonald Trump about a potential trade deal with China, while thedollar hovered near a one-month peak against its peers.Trump said he would intervene in the Justice Department'scase against a top executive at China's Hua...Read More
Amarillo Gold Corporation (TSX.V: AGC) has received approval from the Brazilian Mining National Agency for a three-year extension of its mining concessions for the Posse gold deposit, also known as the Mara Rosa gold project.According to Amarillo, the agreement allows for the continued delay of mining activities, thereby preserving the mining status of the concessions and providing enough time for...Read More
Amarillo Gold Corporation (TSX.V: AGC) has received approval from the Brazilian Mining National Agency for a three-year extension of its mining concessions for the Posse gold deposit, also known as the Mara Rosa gold project.According to Amarillo, the agreement allows for the continued delay of mining activities, thereby preserving the mining status of the concessions and providing enough time for...Read More
A move above a resistance level.A bullish pattern since August but falling interest.Defying the December curse.The Fed could ignite a rally.UGLD for maximum impact on the upside.The gold market faded into the background over the past months as the price of the yellow metal broke down over the summer months and declined to its lowest level since early 2017. The strong dollar weighed on the price of...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is working on expanding its footprint in Burkina Faso, West Africa, where it already operates its Essakane mine, in production since 2010.From the drilling carried out this year around the mine, particularly the Gossey satellite deposit, located 15 km north, IAMGOLD has concluded the prospect holds combined, indicated and inferred resources amounting...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is working on expanding its footprint in Burkina Faso, West Africa, where it already operates its Essakane mine, in production since 2010.From the drilling carried out this year around the mine, particularly the Gossey satellite deposit, located 15 km north, IAMGOLD has concluded the prospect holds combined, indicated and inferred resources amounting...Read More
* FTSE 100 up 1.1 pct; FTSE 250 up 1.9 pct * Market sees PM May defeating leadership challenge * Brexit-sensitive housebuilders rise* Trump's conciliatory trade talk boosts markets * Superdry sinks 38 pct on profit warning (Updates prices, adds details, graphic)By Josephine Mason and Helen ReidLONDON, Dec 12 (Reuters) - British stocks rose on Wednesdayas investors welcomed conciliatory talk from U...Read More
* May wins no-confidence vote by 200 to 117 votes * Sterling still near 20-month lows * Traders say little has changed, pound still under pressure * Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Recasts with results, adds new quotes, updates prices)By Tommy WilkesLONDON, Dec 12 (Reuters) - Sterling retreated from earlierhighs on Wednesday after Prime Minister...Read More
Wayne ColePublished 20 Hours AgoReuters politics@* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Trump says trade talks ongoing with China, could act on Huawei* Asia markets push higher, Europe stocks seen starting firmer* Pound hits 20-mth low as British PM risks party challenge* Oil prices bounce after big draw in stockpilesSYDNEY, Dec 12 (Reuters) - Asian stock markets rallied on Wednesday a...Read More
Published 21 Hours AgoUpdated6 Hours AgoReuters Leonhard Foeger | ReutersGold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.Gold prices edged higher on Wednesday as the dollar slipped and expectations of U.S. interest rate hikes next year dimmed, brightening the appeal of non-interest yielding bullion.Spot gold was up 0.12 percent at $1,244.34 per ounce as of 2:07 p.m...Read More
Canada's Harte Gold (TSX: HRT) said Wednesday it expects to begin commercial production at its Sugar Zone operation before year-end.Since landing commercial production permits from the Ontario government in September, it has been running full tilt - it poured its first gold bar in October, held the mine's official opening later that same month, and conducted its first production blast in November...Read More
Canada's Harte Gold (TSX: HRT) said Wednesday it expects to begin commercial production at its Sugar Zone operation before year-end.Since landing commercial production permits from the Ontario government in September, it has been running full tilt - it poured its first gold bar in October, held the mine's official opening later that same month, and conducted its first production blast in November...Read More
Canada's Harte Gold (TSX: HRT) said Wednesday it expects to begin commercial production at its Sugar Zone operation before year-end.Since landing commercial production permits from the Ontario government in September, it has been running full tilt - it poured its first gold bar in October, held the mine's official opening later that same month, and conducted its first production blast in November...Read More