CloseGain/LossGold $1229.10-$4.90Silver$14.45-$0.25XAU64.70-0.71%HUI144.02-0.43%GDM529.83-0.10%JSE Gold1166.01-47.57USD96.61+0.26Euro113.85-0.35Yen89.06-0.36Oil$67.04-$0.5510-Year3.088%+0.009T-Bond139.28125-0.15625Dow24442.92-0.99%Nasdaq7050.29-1.63%S&P2641.25-0.66% The Metals: Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New York trade, but it th...Read More
Gold will remain strong as long as global equity markets are weak.Gold's relative strength vs. stocks, bonds and currencies is growing.Without additional dollar weakness, though, gold's upside is limited. Without the intense fear generated by the global stock market rout, gold would surely be without any meaningful support. To that end, gold bulls can be thankful that gold's safety bid has...Read More
"Velocity Files PEA Technical Report on SEDAR for the Rozino Gold Project, Tintyava Property, Bulgaria @velocitymineral https://t.co/ILTOsrb1xt"Read full newsRead More
"Did you know that Canada Cobalt Works created a premium grade end product (cobalt sulphate) without a smelting process? Check them out now. #CCW $CCW @CanadaCobalt #Cobalt #Mining #CCW.V #TSXV #SmallCaps #batterymetalsRead more here: https://t.co/1aGISH81te"Read full newsRead More
Correction in gold prices continues amid higher US yields and modest dollar gains. Gold suffers the worst slide in three weeks. The yellow metal corrected to the downside after reaching last week the strongest level since mid-July at $1,243/oz. Price bottomed during the American session at $1,224 amid a stronger US dollar and also higher US yields. The US dollar index rose mode...Read More
The U.S. is preparing new tariffs against all remaining Chinese imports if talks between Presidents Donald Trump and Xi Jinping fail, according to Bloomberg.The new round of taxes against goods from China could occur as early as December and target the rest of the imports from China, about $257 billion worth, per the report.The Dow Jones Industrial Average fell more than 100 points following the t...Read More
It was another wild roller coaster ride today with U.S. equities going through tremendous price swings and closing dramatically lower on the day. Officially, today’s closing price in the Dow puts that index into corrective territory. The Dow Jones Industrial Average traded to a high with gains of 352 points. It also traded to a low, which resulted in a 566-point drop only to recover slightly...Read More
It wasanother wild roller coaster ride today with U.S. equities going throughtremendous price swings and closing dramatically lower on the day. Officially,today’s closing price in the Dow puts that index into corrective territory.TheDow Jones Industrial Average traded to a high with gains of 352 points. It alsotraded to a low, which resulted in a566-point drop only to recover slightly off th...Read More
Familiar trade-war concerns killed an early rally for stocksIt was a volatile, ugly session on Wall Street today, with the Dow up more than 352 points at its session highs before pivotingsharply lower late in the day. Driving the sudden U-turn was a Bloomberg report that the U.S. was planning on imposing tariffs on all remaining Chinese imports -- about $257 billion worth of goods -- should upcomi...Read More
The British bank initiated coverage on Goldcorp, Kinross Gold, Newmont Mining and Yamana GoldRead full newsRead More
(Reuters) - The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war, Bloomberg reported on Monday.The list would apply to imports from China that aren't already covered by previous rounds of tariffs, which may be $257 billion using last year's import figures,...Read More
WASHINGTON (Reuters) - The U.S. Department of Agriculture is not planning to extend an up to $12 billion aid package for farmers into 2019, Secretary Sonny Perdue said on Monday, to mitigate farmer losses due to the imposition of tariffs on American exports.“Farmers are very resilient and adept in making their planning and marketing decisions based on the current market,” Perdue told r...Read More
"The S&P/TSX Venture Composite Index is down, falling by 4.03 points, or 0.62 percent, to 642.59. https://t.co/hk50FpEwT5 #Investing #Resource #Gold"Read full newsRead More
(Reuters) - Declines in big tech and Internet stocks such as Amazon pushed the Nasdaq lower on Monday, while strength in financial shares mitigated declines for the S&P 500 as investors grappled with a recent spike in market volatility.The three major U.S. stock indexes lost their initial solid gains from earlier in the session.Major tech and growth stocks, such as Amazon (AMZN.O), Google pare...Read More
WASHINGTON (Reuters) - Wells Fargo & Co will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters.U.S. regulators slapped Wells Fargo with a $1 billion penalty in April when it admitted to wrongly forcing drivers into auto insurance policies. That agreement envisioned the cu...Read More
One investor guru thinks this may be the next big play to make in gold.The world's wealthiest investors always grab the headlines...Especially with a track record that's off the charts, producing explosive gains like this:$1.29 to $23.86, where $10,000 grew to over $184,000!Or how about his record-breaking score last month, 9 cents Canadian to C$1.18 in about 2 weeks, turning $10,000 into over $1...Read More
Mining companies must forge new ties with partners from customers to governments...Read full newsRead More
WASHINGTON, Oct 29 (Reuters) - The U.S. Treasury said on Monday it expects to borrow $15 billion less during the fourth quarter than previously estimated. The department said in a statement it expects to issue $425 billion through credit markets during the October-December period, assuming an end-December cash balance of $410 billion. Treasury also expects to issue $356 billion in net marketable d...Read More
HONG KONG (Reuters) - A five-year old Chinese smartphone company whose high-end products are little known outside a tech-savvy niche is entering the U.S. market on Monday with the backing of two key local allies: chipmaking giant Qualcomm (QCOM.O) and mobile operator T-Mobile.The foray by Shenzhen-based OnePlus comes after U.S. mobile carriers AT&T and Verizon this year backed away from plans...Read More
It's the only blue chip on the list of the best SPX stocks in NovemberThe U.S. equities market is set to end October at a substantial loss, with the Dow down 7.7% month-to-date, and the S&P 500 off 9.2%, at last check. History suggests a turnaround could be coming, considering November marks the start of the most bullish six-month period for stocks. Among specific names bulls may want to watch nex...Read More