* Global stocks gauge set for largest weekly gain in five* Aluminum hits 6-yr high; USD jumps to 6-week high vs. yen* Oil set for biggest weekly gain since July* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates prices, changes dateline; previous LONDON)By Rodrigo CamposNEW YORK, April 13 (Reuters) - A gauge of stocks across the world fell on Friday but was on track to end the week...Read More
Investing.com - Gold rose on Friday, as the dollar wavered around the unchanged mark and Middle Eastern tensions remained in the back of investors’ minds.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched up 0.01% to 89.50 as of 10:32 AM ET (14:32 GMT).The dollar struggled for direction after rallying on Thursday. The greenba...Read More
* MSCI All Country World Index set for best week in a month* Easing fear of imminent U.S. attack on Syria* China trade data mixed, runs a rare deficit in March* Aluminium hits 6-yr high* Dollar jumps to 6-week high vs. yen* Oil set for highest weekly gain since July* Gold set for second week of gains* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Ritvik CarvalhoLONDON, April 13 (Reute...Read More
Investing.com - Gold was slightly higher on Friday, as tensions in the Middle East rose and the risk-adverse precious metal became more attractive to investors.Comex gold futures for June delivery were up 0.17% to $1,344.20 a troy ounce as of 4:41 AM ET (8:41 GMT).After a Russian diplomat said his country’s forces would shoot down U.S. missiles launched at Syria, U.S. President Donald Trump...Read More
* MSCI All Country World Index set for best week in a month* Easing fear of imminent U.S. attack on Syria* China trade data mixed, runs a rare deficit in March* Dollar jumps to six-week high vs. yen* Oil set for highest weekly gain since July* Gold set for second week of gains* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Ritvik CarvalhoLONDON, April 13 (Reuters) - World stocks and c...Read More
(Recasts lead, updates levels, adds analyst quote)* Asia ex-Japan shares tad firmer, earnings season to kick off* China trade data mixed, runs a rare deficit in March* Easing fear of imminent U.S. attack on Syria* Dollar jumps to six week high of 107.59 yenBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, April 13 (Reuters) - Asian stocks were cautiously higher on Friday ahead of the U.S. earnings se...Read More
(Rewrites throughout with new levels, adds analyst quote)* Asia ex-Japan shares flat, earnings season to kick off* China trade data mixed, runs a rare deficit in March* Easing fear of imminent U.S. attack on Syria* Bitcoin supported after biggest gains in 4 monthsBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, April 13 (Reuters) - Asia stocks pared early gains on Friday as caution crept in ahead of...Read More
AUY's share price is breaking out higher.Its fundamentals are improving.I am buying a longer-dated call spread.Yamana Gold (AUY) is breaking out higher alongside strength in precious metals. Its share price has fallen significantly in recent years due to the collapse in silver and gold prices. Management has reduced costs and expanded production over that time. Now, as precious metal prices st...Read More
Gold as an investment is a unique asset class, and observing price action can be particularly important when investing in the precious metal.Historical data indicates that making trading decisions in gold based on a combination of price trends and relative strength analysis can generate solid risk-adjusted returns.The quantitative indicators currently look bullish for gold prices.Gold is a very si...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 May delivery gained 32 cents to $67.39 on the New York Merc, while Brent for June gained 56 cents to $72.58 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to W...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 an upbeat 93-72-129. The TSX Venture Exchange rose 13 points to 795 while polished diamond prices were flat. James Nelson's Spearmint Resources Inc. (SRJ) closed unchanged at seven cen...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 $11.10 to $1,345.40 on Friday. The TSX Venture Exchange rose 13.57 points to 795.94 while the TSX Gold Index added 3.66 points to 190.26. Canadian gold miners were strong today, at least if one overlooks Endeavo...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 climbed 13.57 points to 795.94 Friday. Marc Sontrop's halted Aim1 Ventures Inc. (AIMI) has an update on its QT to acquire James E. Wagner Cultivation Ltd. (JWC). JWC is a licensed marijuana grower in Kitchener,...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 CaswellErik Matz, one of those charged in New York for a $147-million manipulation scheme that involved cold-calling seniors, has pleaded guilty. (All figures are in U.S. dollars.) He entered the plea in an appearance on Wednesday, April 11, before Judge Joa...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) is amping up its corporate social responsibility game in northern Chile by investing $1 million in a program called Originarias.According to a press release, Originarias was launched in 2016 with a similar investment and is run in partnership between UN Women and Teck. The program's main goal is to provide education...Read More
Local media in the Democratic Republic of Congo are reporting the passing of at least 40 people following a landslide at an artisanal gold mine.The accident is said to have taken place in the town ofNyange, located in the eastern province of South Kivu. According to witnesses quoted by different websites, police, the armed forces and traditional chiefs, among other groups, are helping in the emerg...Read More
A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years as new projects come online in Australia, India's production ramps up, and Indonesia re-enters the market following the end of the mineral ore export ban.According to the firm, Indonesia is bound to become a big player as it reclaims its share of bauxite exports to China. "We fore...Read More
Abraplata (ABRA.V) has released the final results of its Preliminary Economic Assessment on the 100% owned Diablillos silver-gold project in Argentina's Salta province. The company anticipates a production scenario of 9.8 million silver-equivalent ounces (or 136,000 gold-equivalent ounces) which would be produced at an all-in cost of $7.52 per silver-equivalent ounce ($542/oz AuEq) using a silver...Read More
This year's World Copper Conference was brought to you by the letters E and V. Standing for Electric Vehicles, of course.Tom Azzopardi in Santiago14 APRIL 201814/04/2018commentsshare Lithium and, more recently, cobalt have caught the attention of investors looking for exposure to the rush to electrify the world's transport system. But copper may be the commodity which benefits most from the slow d...Read More
Chile's Codelco plans to launch its new brand of sustainable copper cathode by early next year, the company's head of marketing has told Mining Journal in Santiago.Tom Azzopardi in Santiago14 APRIL 201814/04/2018commentsshare The state-owned mining company is developing a series of certifications for its operations based on their environmental and social qualities, such as their carbon footprint a...Read More