Here Are 4 Hot Things to Know About Stocks Right Now The U.S. added 164,000 jobs in April, lower than economists' forecasts. The unemployment rate last month fell to 3.9% from 4.1%. Apple Inc. (AAPL) closed at an all-time high of $183.83 on Friday.Shares of Alibaba Group Holding Ltd. (BABA) rose 3.4% after the Chinese e-commerce giant posted quarterly earnings and revenue toppe...Read More
Adam HamiltonArchivesMay 04, 2018 Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts. But its nice advance has crumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Index futures. The surging USDX motivated gold-futures speculators to flee rather aggressively. But this will likely prove a short-lived a...Read More
3 Things in the Markets to Know Right Now TheStreet's May 5 "Investor Boot Camp" conference is coming up, and you won't want to miss it. Quickly register here. Food for thought from Jefferies: The large-cap Russell 2000's price-to-earnings multiple continues to contract and at 16.6 times, is off quite considerably versus the recent peak of 20 times. It stands 7.9% above its long-term a...Read More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
* Dalian exchange allows foreign investors to trade iron ore* Volume in most-active contract slightly above April average* Second Chinese commodity opened to overseas traders after oil* China to open more markets to expand influence - official (Adds Glencore and Trafigura carrying out first trades)By Muyu Xu and Manolo Serapio JrDALIAN/MANILA, May 4 (Reuters) - China plans to open more of its fu...Read More
Investing.com - Gold prices moved lower in early morning European trade on Friday as investors looked ahead to the U.S. employment report for April and a slightly stronger dollar weighed on the precious metal. Comex gold futures dropped $3.00, or 0.23%, at $1,309.70 a troy ounce by 4:30AM ET (8:30GMT). Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a trade-...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 Friday was a mediocre 73-77-144. The TSX Venture Exchange rose fractionally to 772 while polished diamond prices jumped over 1 per cent. Dermot Desmond's Mountain Province Diamonds Inc. lost one-...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 Reporter West Texas Intermediate crude for June delivery gained $1.29 to $69.72 on the New York Merc, while Brent for June gained $1.25 to $74.87 (all figures in this para U.S.). Western Canadian Select traded at a discount of $17.55 to WTI ($...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 $3.40 to $1,315.00 on Friday. The TSX Venture Exchange rose 0.99 point to 772.24 while the TSX Gold Index added 0.08 point to 191.58. Alacer Gold Corp. (ASR) led Canadian gold miners higher, adding seven cents t...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 closed up a fraction to 772.24 Friday, ending the week down 11.52 points. Dennis Nerland's Arkadia Capital Corp. (AKC: halted) has signed a definitive agreement with its qualifying transaction target, Trent Cla...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 CaswellHarris Dempsey "Butch" Ballow has received 40 years in jail for defrauding Canadians and others of $32.5-million through a purported Mexican resort listing. (All figures are in U.S. dollars.) U.S. District Court Judge Ewing Werlein handed down the sen...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 CaswellVancouver-linked securities lawyer Diane Dalmy has asked a judge to spare her jail for her part in a series of pump-and-dumps. As she tells it, a con artist named Billy Lieberman influenced her into participating in the fraud. She also claims that she...Read More
MINING.com editor Frik Els sat down with the chair of the upcoming Resources for Future Generations conference (RFG2018), John Thompson, to discuss trends in mining like responsible sourcing, as well as the conference's drive towards educating consumers about resource issues. John Thompson is currently the Wold Family Professor in Environmental Balance for Human Sustainability at Cornell Universi...Read More
Callinex Mines (CNX.V) has now released an updated resource estimate on its fully-owned Nash Creek zinc project in New Brunswick. The total resource estimate now contains 13.6 million tonnes in the indicated category (at an average grade of 2.68% zinc) and an additional 5.9 million tonnes in the inferred category (at 2.68% zinc as well) for a total zinc-equivalent content of 1.37 billion pou...Read More
Plenty of stupid ideas kill people. But one man’s stupid ideas have killed over a hundred million people.Karl Marx was born 200 years ago today. And despite the utter failure of his communist philosophy in practice, the cult lives on. Still people want to try again… this time they will get it right.Karl Marx and Friedrich Engels originally published The Communist Manifesto in 1848. It...Read More
A Useful Public ServiceThere are nooks and corners in every city where talk is cheap and scandal is honorable. The Alley, in Downtown Los Angeles, is a magical place where shrewd entrepreneurs, shameless salesmen, and downright hucksters coexist in symbiotic disharmony. Fakes, fugazis, and knock-offs galore, pack the roll-up storefronts with sparkle and shimmer. The Alley in LA - in places s...Read More
A veteran investor is getting very bullish on silver, so much so that we can go ahead and call him a "Silverbug". Here's the details...Louis James interviewed on Palisade RadioLobo Tiggre, better known by the pen name Louis James, discusses the launch of his new investment newsletter "Independent Speculator" and his reasons for starting it. He believes we are approaching an up-turn in resource mar...Read More
The UAE government came under tremendous pressure by the dealers that the VAT was killing their business. The government has responded dropping the VAT (Sales Tax) on gold, diamonds, and precious metals for investors. Taxing such products is, in reality, taxing money the same as if it bought bonds or stocks. Not everyone buys stocks just as not everyone buys gold. Taxing gold and not stocks is a f...Read More
Seven of the thirteen gold miners who were trapped underground since Thursday at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mine in South Africa have died as a result of their injuries, the company confirmed Saturday.The workers got stuck at the company's Masakhane mine, part of the Driefontein operations following a quake that caused a fall of ground in an operating stope.The deaths brings the nu...Read More
Tahoe Resources (TSX: THO, NYSE: TAHO) announced this week the end of a strike carried out by 65 per cent of its workforce at the La Arena gold mine since April 22, 2018.Workers were demanding higher profit-sharing payouts. However, the company has said that it addresses such payouts in accordance with the Peruvian labour law. In a press release, the miner said that, following an agreement with th...Read More