Investing.com - Gold struggled for direction on Monday as the U.S. stock market rallied, dampening investor appetite for the precious metal.Comex gold futures for April delivery fell 0.01% to $1,335.90 a troy ounce as of 11:11 AM ET (15:11 GMT).The price of the precious metal eased up slightly but was still down as U.S. stocks surged and the dollar remained under pressure. The U.S. dollar index, w...Read More
Apr 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of April 6, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------------ SHORT TERM RATINGS: ------------------- Abc LeathersFund based- Working ICRA A3+120ReaffirmedCapital Fac Abc LeathersNon-fundICRA A3+80Reaffirmedbased-...Read More
3 Market Stats You Must Know Right Now Via @BrianSozzi Ahead of Facebook (FB) CEO Mark Zuckerberg's two-day testimony on Tuesday, the social media giant's stock has rallied about 3% off its March 27 lows. The stock has lagged the Nasdaq Composite since mid-January.Friday's big down session in the markets brought the S&P 500 below its key 200-day moving average.Bank stocks remain stuck in the...Read More
Investing.com - Gold prices were lower on Monday as gains in U.S. stock futures and a firmer dollar dampened demand for bullion, despite simmering trade tensions between the U.S. and China.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $3.20 or 0.24% to $1,333.00 a troy ounce by 04:15 AM ET (08:15 AM GMT).U.S. stock futures pointed to a higher open on...Read More
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds...Read More
The latest news and price moves to start the Asian day on Tuesday April 10.Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday April 9, with only lead and zinc bucking the trend. Read more in our live futures report.Here is how prices looked at Monday's close:Volume traded on the London Metal Exchange has soared since the United States Treasury...Read More
ProactiveInvestors CEO Forums have rapidly gained global recognition as the preferred format for hundreds of listed companies across the world's leading stock exchanges seeking to present to an audience of institutional and retail investors.This exclusive forum on June 13, 2018 starts at 4:30 pm with registration, networking and an open bar. Hear several brief presentations directly from CEOs abou...Read More
Many are expecting gold to rally on a market decline.History has shown gold often rallies along with the equity market.Summary of near term expectations.For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a weak 73-100-117. The TSX Venture Exchange fell three points to 765 while polished diamond prices were flat. Bruce Counts's Lithoquest Diamonds Inc. (LDI) slumped 23 cents to 62 cents...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold rose $2.30 to $1,335.70 on Monday. The TSX Venture Exchange fell 3.69 points to 766.46 while the TSX Gold Index lost 1.84 points to 184.11. Most Canadian gold miners moved little today, although Guyana Goldfields Inc...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterWest Texas Intermediate crude for May delivery gained $1.36 to $63.42 on the New York Merc, while Brent for June gained $1.54 to $68.65 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to WTI ($46...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost 3.69 points to 765.46 Monday. Scott Ackerman's North Bluff Capital Corp. (NBK) has a filing statement for its QT with Mark O'Dea and Donald McInnes's Sun Metals Corp. This means that North Bluff is one ste...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellProsecutors in North Carolina have asked for a 12-year jail term for Michael Kipp, the architect of an accounting fraud that led to the demise of Swisher Hygiene Inc., a onetime Toronto Stock Exchange listing. They say that his actions caused at least...Read More
Cuban doesn't mince words when it comes to his opinion of gold.Considering how far off base his supply side argument was, it gives his other statements on gold zero credibility.There are times to hate gold, this is not one of them.Mark Cuban...billionaire, Mav's owner, investor, philanthropist, and future U.S. Presidential candidate?...doesn't mince words when it comes to his opinion of gold....Read More
The latest news and price moves to start the Asian day on Tuesday April 10.Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday April 9, with only lead and zinc bucking the trend. Read more in our live futures report.Here is how prices looked at Monday's close:Volume traded on the London Metal Exchange has soared since the United States Treasury...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) issued a press release today stating that its mining operations in Russia continue to function according to plan and remain unaffected by the new sanctions announced by the United States on April 6, 2018.Last Friday, the U.S. Treasury Department imposed sanctions on seven Russian oligarchs including metal magnate Oleg Deripaska, as well as 12 companie...Read More
Colombia-focused Gran Colombia Gold (TSX:GCM) announced today that gold production for the first quarter of 2018 reached 52,672 ounces, a growth of 35 per cent when compared to the same quarter of 2017."This brings the Company's trailing 12-months' total gold production to 187,485 ounces, up 8% from 2017's annual production of 173,821 ounces and within the Company's production guidance for 2018 of...Read More
Chris Verbiski & Al Chislett (Wiki Source)This excerpt is from the 2007 PDAC 75th anniversary publication.Originally looking for diamonds in 1993, Albert Chislett and Chris Verbiski instead discovered one of the world's major nickel sulphide deposits near Nain, Labrador. The Voisey's Bay deposit was eventually bought and developed by Inco Limited. Most experts agree that the deposit will be a...Read More
On April 9, U.S. president Donald Trump said that the U.S., Canada, and Mexico were "fairly close on NAFTA" and added that all three "have a chance to make a deal." Mexican economy secretary Ildefonso Guajardo said there was an "80%" chance a deal in principle could be reached by early May. But Laura Dawson, director of the Canada Institute at Washington's Wilson Center think tank, said last week...Read More
The TSX Composite was virtually unchanged last month in March - down 60 basis points, or 0.6%.But just because the broader averages aren't very active, it certainly doesn't mean there aren't pockets of the market offering you the potential for outsized returns.These five stocks have rewarded investors handsomely over the past month.The energy sector has been one of the stronger performing sectors...Read More