Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More
JOHANNESBURG, May 11 (Reuters) - South Africa's ImpalaPlatinum is seeking tenders for the construction of atailings or waste storage facility for its Marula mine in a signof recovery for an operation which was on the verge of closuredue to community protests.The company posted an advertisement on Friday in the localMail & Guardian newspaper seeking tenders for the project. (Reporting by Ed Sto...Read More
Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More
Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More
Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More
Indian conglomerate Adani Enterprises Ltd. has taken a 896.4 million rupees ($13.3 million) writedown on its Carmichael coal mine in Australia's Queensland state due to delays and legal challenges.The impairment charge was booked by its Australian unit Adani Mining Pty in the quarter ended March 31, Adani Enterprises said in a stock exchange filing Thursday in Mumbai.Even though the writedown is s...Read More
Gold (XAU/USD) jumped to 10-day high yesterday, adding credence to long-tailed candles. Eyes gradually ascending (bullish) 100-day moving average (MA) hurdle. Having created back-to-back long-tailed doji candles at the 200-day moving average support, gold shot up to a ten-day high of $1,323 - the highest level since April 30. The yellow metal picked up a bid yesterday as the dollar index (DXY),...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
Chris VermeulenPosted May 10, 2018Since before the start of 2018, we have been relying on our advanced predictive modeling systems, technical analysis and our understanding of the capital markets to help our members take advantage of the incredible price swings in 2018.These charts presented below of the SPY and Transportation index should help to clear up any confusion with direction and potentia...Read More
4 Things in the Markets to Know Right Now The Dow Jones Industrial Average closed higher for the sixth consecutive day.U.S. crude oil prices rose 22 cents on Thursday, settling at $71.36 a barrel.Roku's (ROKU) Chief Financial Officer tells TheStreet's Executive Editor Brian Sozzi strong growth in the streaming industry will be the norm. Roku's earnings beat after the close on Wednesday. &nb...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.- - - - - EVENTS: *Rwanda releases inflation data for April.GLOBAL MARKETS Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump's decision to pull out of a nucl...Read More
The latest news and price moves to start the Asian day on Friday May 11.Copper was the big gainer among base...Read More
Gold continues to make higher lows, but it fell to the bottom end of its trading range.Platinum's price action looks a lot different."Rich man's gold" has been a poor performer since 2014.Fundamentals favor a rebound in platinum.Patience is a virtue, and the platinum-gold spread requires incredible fortitude.Value is often a subjective concept. What is cheap to one person may be...Read More
Investing.com - Gold prices edged up on Thursday while the dollar traded sideways.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up $1.6, or 0.12%, to $1,351.5 a troy ounce by 12:40AM ET (04:40 GMT).Meanwhile, the U.S. dollar index that tracks the greenback against a basket of six major currencies last stood at 92.93, up 0.01%.?EUR?The greenback reache...Read More
The latest news and price moves to start the Asian day on Friday May 11.Copper was the big gainer among base...Read More
Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) and Cameco Corp. (TSX:CCO)(NYSE:CCJ) are trading at 12-month highs, and investors are wondering if more gains could be on the way for these long-suffering stocks.Let's take a look at the current situation to see if Baytex and Cameco deserve to be in your portfolio.BaytexBaytex has surged from close to $3 per share in early March to $6. That's an impressive m...Read More