XAU/USD: Gold prices pushed on; Expect stiff resistance at 1221.70 What is going on with XAU/USD? XAU/USD: Gold prices slipped below 1221.70 support on Friday's session and finished the last session at the bottom of the consolidation channel at 1217.75. Gold prices picked up from where it finished off in last week in today's opening trades and pushed prices back up to the top of the channe...Read More
* European stocks hit 22-month low, Wall Street futures flat * China and Japan stocks tumble in tough start to week forAsia * Oil climbs as fate of missing journalist impacts Saudirelations * Yen, Swiss franc, gold, bunds among safe havens to shine * Sterling recovers from latest Brexit wobbleBy Marc JonesLONDON, Oct 15 (Reuters) - World markets turned tail againon Monday, as a bounceback in oil p...Read More
Miner and commodities trader Glencore (LON:GLEN) is cutting 430 jobs, or about 30 percent of the workforce at its Hail Creek coal mine in Queensland, Australia, following a 100-day review that began after it bought the asset from Rio Tinto.Under the "reconfiguration" of Hail Creek, the two-dragline operation would become a truck-and-shovel mine with a seven-day-on, seven-day-off roster, meaning th...Read More
JOHANNESBURG, Oct 15 (Reuters) - South Africa's rand firmedagainst the dollar in early trade on Monday as markets digestednews that ratings agency Moody's opted to hold off publishing areview of the country's debt on Friday, Oct. 12, as planned.* The rand was 0.5 percent stronger at 14.4475 perdollarat 0700 GMT, having closed in New York at 14.5200 on Friday. * Moody's said it would not publish a...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, with downward momentum already in control, the Index got sucked down alongside the weakness in US and world markets. The INK CIN Index slid 42.55 points for a 3.5% loss. The INK CIN finished the week at 1175.72 and has fallen 5.9% in the last two weeks alone.Momentum indicators...Read More
Spot gold remains supported above the confluence of S1 and the 21.6% Fibo retracement of the latest rally. Currently, gold is consolidating at $1,221/oz, slightly above the pivot and will continue to take cues from the stock markets and investor's risk appetite. There were a recent combination short covering and a flight to safety that lead to gold's rapid increase in price with t...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce the appointment of Zara Kanji, CPA, CGA as Chief Financial Officer of Quadron.Zara is a founder of Zara Kanji & Associates (established in 2004). Zara is experienced in financial reporting and compliance for listed companies, personal and corporate taxation, general accounting, financial...Read More
A loan of $1,725 helps a member to purchase a solar lighting system, a clean cookstove, and a subscription of biomass pellet fuel that will help reduce deforestation.Read full newsRead More
A loan of $1,725 helps a member to purchase a solar lighting system, a clean cookstove, and a subscription of biomass pellet fuel that will help reduce deforestation.Read full newsRead More
Prices for steel billet in the major global markets have gone down or remained stable during the working week from Monday October 8 to Friday October 12, amid poor demand and increasing supply.The major buying regions, such as Turkey the Middle East, were mostly quiet and no major trading activity was heard for billet, while only a few deals were heard in Southeast Asia.Southeast AsiaImport prices...Read More
Prices for steel billet in the major global markets have gone down or remained stable during the working week from Monday October 8 to Friday October 12, amid poor demand and increasing supply.The major buying regions, such as Turkey the Middle East, were mostly quiet and no major trading activity was heard for billet, while only a few deals were heard in Southeast Asia.Southeast AsiaImport prices...Read More
Investing.com - Market players are likely to stay focused on global crude supplies in the upcoming week, after a pair of closely watched forecasters said world oil stocks are adequate and the outlook for demand is weakening.The monthly report by the International Energy Agency (IEA) on Friday said the market looked "adequately supplied for now" and trimmed its forecasts for world demand growth thi...Read More
Investing.com - After a week which saw a rout in global equity markets triggered by fears over rising bond yields, concerns about global growth and an escalating trade war there’s a lot on this week’s calendar to keep investors on edge.On Wednesday investors will get the chance to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time...Read More
Investing.com - This week precious metals traders will see whether gold’s surge higher can be sustained after a rout in global equity markets which coincided with weakness in the dollar bolstered safe haven demand for the yellow metal.On Wednesday investors will get the chance to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time this y...Read More
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Fears of a full-blown trade war and higher oil have all been weighing heavily on the global economic outlook, including materials and base metals exchange-traded funds such as the iShares Global Materials ETF and SPDR S&P Metals and Mining ETF, which are both down by 13% since the start of 2018.While Trump's approach to trade along with firmer crude poses a threat to the global economic upswin...Read More
It has been a difficult few years for investors in what is known as the most electrically conductive element silver. The white metal appears caught in a prolonged slump with little to no signs of a recovery occurring anytime soon. With silver trading at US$14.60 an ounce, there's increasing speculation that it is close to the marginal cost of production for many primary silver miners, which makes...Read More
Weaker demand for silver sees the white metal down by 14% for the year to date, trading at less than US$15 an ounce, and its stagnant outlook is weighing heavily on primary silver miners. In an attempt to stimulate growth and expand earnings, primary silver miner Great Panther Silver (TSX:GPR)(NYSE:GPL) has announced that it will acquire Australian gold miner Beadell Resources. This US$105 million...Read More
As a reformed silver bug and long-term investor in the white metal, I understand the pain felt by many silver investors since its price collapsed in late 2016 after breaking through the psychologically important US$20 an ounce barrier. There is every sign that silver will remain stagnant for the foreseeable future, dashing my hopes that bullion will soar to over US$20 per ounce.This is bad news fo...Read More
Gold producers are catching a tailwind as the price of gold continues to claw back the losses it sustained over the past six months.Let's take a look at the current situation that is driving gold stocks higher and see if this is the right time to add Goldcorp (TSX:G)(NYSE:GG) to your portfolio.Gold rallySafe-haven demand has apparently returned to the gold market. The price of the yellow metal has...Read More