* Dollar index hovers near 5-month high* Benchmark U.S. Treasury yield hovers around 3 percent * Spot gold may bounce to resistance at $1,302/oz- technicals(Updates prices)By Apeksha NairBENGALURU, May 16 (Reuters) - Gold prices recovered some lost ground on Wednesday on short-covering after prices fell to the lowest level this year in the previous session on surging U.S. bond yields and a stronge...Read More
How the S&P fares after a volatile start to the yearAt this time last year, there had been only three days in which the S&P 500 Index (SPX) moved by at least 1%. That's absurdly low. This year is quite a bit different, as the number of 1% days has spiked to 32. That's only one more day than we saw in all of 2016, but it's the highest number since 2009. This week, I'm looking at how this year compa...Read More
Vancouver, BC - Peekaboo Beans Inc (TSX-V:BEAN) (the "Company" or "Peekaboo Beans"), is excited to announce a new promotion in the form of a Hostess Bonus for the month of May featuring a popular product from Vancouver-based apparel company, Smash + Tess.Stylists who host a qualifying Pop-Up with CAD$500 in sales and 3 unique orders are eligible to receive a Smash + Tess Sunday Romper for onl...Read More
The Canadian government is prepared to financially shield Kinder Morgan Canada Ltd's proposed Trans Mountain pipeline expansion against unnecessary delays that are politically motivated, Finance Minister Bill Morneau said on Wednesday.Morneau also told a news conference that if Kinder Morgan decided to walk away from the project, which the provincial government of British Columbia opposes, the ind...Read More
Gold dropped to $1,290 an ounce today.We are approaching a ripe buying opportunity.Ignore the bears.Well the price of gold (GLD) collapsed today (05-15-2018) by well over $20 an ounce. The precious metal is now trading around the $1,291 mark. The GLD ETF finished up trading today at the $122,48 level, which means gold is now down well over 2% year to date. I wrote an article on the triple leverage...Read More
The price of gold plunged below the $1,300 per ounce level May 15, taking mining companies' stock down with it.Read full newsRead More
CANON CITY -- A gold mining company conducting exploratory drilling on Dawson Peak has raised concern about future mining plans among residents in the nearby Dawson Ranch neighborhood.Read full newsRead More
FAIRBANKS - There are two kinds of gold found in Alaska, and both created stampedes to Interior Alaska and the Fairbanks area in particular.Read full newsRead More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
Russia's Alrosa, the world's largest diamond producer by output, plans to boost revenue from selling rare, coloured stones where demand is stable, although it is a niche business.Nature gives fancy colours to about one in every 10,000 rough diamonds of gem quality that are mined around the world.The stones that can be blue, pink or green form a special asset class, relying on a consumer passion...Read More
The price of bitcoin has rallied this week, as the world's number one cryptocurrency continues its recovery from its worst ever start to a year. (File Photo) Bitcoin (BTC) has recovered from its recent price slump, mirroring an annual trend that envisions a cryptocurrency surge in value f...Read full newsRead More
SHANGHAI, May 16 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded to a four-month high of 93.46, and closed at 93.25 last night as the US Treasury yield climbed up and its retail sales data met the expectation. Most LME base metals dipped as the US dollar strengthened. Lead dropped nearly 1.2%. LME copper fell over...Read More
SHANGHAI, May 16 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded to a four-month high of 93.46, and closed at 93.25 last night as the US Treasury yield climbed up and its retail sales data met the expectation. Most LME base metals dipped as the US dollar strengthened. Lead dropped nearly 1.2%. LME copper fell over...Read More
SHANGHAI, May 16 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded to a four-month high of 93.46, and closed at 93.25 last night as the US Treasury yield climbed up and its retail sales data met the expectation. Most LME base metals dipped as the US dollar strengthened. Lead dropped nearly 1.2%. LME copper fell over...Read More
Gold fell to 4.5-month low yesterday as rising Treasury yields put a bid under the US dollar. The double top reversal in gold weekly chart suggests the tide has turned in favor of the bears. Gold (XAU/USD) fell to $1,288 in the US session yesterday - the lowest level since Dec. 28 as the US dollar strengthened on the back of rising Treasury yields. As of writing, the metal is changing hands at $...Read More
The London Bullion Market Association said on Tuesday it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".The refinery in Russia is controlled by Moscow-based conglomerate Renova Group, which along with its key shareholder, billionaire Viktor Vekselberg, was sanctioned by the United States on April 6.T...Read More
The London Bullion Market Association said on Tuesday it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".The refinery in Russia is controlled by Moscow-based conglomerate Renova Group, which along with its key shareholder, billionaire Viktor Vekselberg, was sanctioned by the United States on April 6.T...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished lower Tuesday for the first time in nine sessions.The S&P 500 declined for the first time in five trading days.Home Depot Inc. (HD) fell 1.6% after same-store sales missed analysts' expectations. Wall Street Overview Stocks fell sharply on Tuesday, May 15, as investors a...Read More
Leading mining technology players have urged the big miners to do more to support the growing sector.Kristie Batten* L-R: Paul Lucey, Paul Goiak, Penny Stewart and Ashley Brown on a panel at METSStocks. Photo: METS Ignited16 MAY 201816/05/2018commentsshareKPMG mining strategy national lead and program director of the KPMG Energise accelerator Ashley Brown led a panel session at METSStocks Sydney,...Read More