Great Atlantic Purchases Portable Gold Mining PlantVancouver, British Columbia (FSCwire) - Great Atlantic Resources Corp. (the "Company" or "Great Atlantic") (GR: TSXV) is pleased to announce it has purchased a turnkey portable Gold mining plant from an independent third party for $99,000. Great AtlanticRead full newsRead More
The mine, at Cononish, near Tyndrum, aims to extract more than half a million tonnes of ore.Read full newsRead More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
No takers for gold despite risk aversion. The implied volatility premium for XAU puts (bearish bets) continues to rise. Despite being a classic safe-haven asset, the bearish sentiment in the gold (XAU/USD) options market continues to strengthen. The S&P 500 fell 30.45 points, or 1.1 percent, to 2,713.83 yesterday and the Dow Jones industrial average lost 380.83, or 1.5 percent, to 25,029.20....Read More
Cobalt companies flooded with interest at mining conferenceGold miners vulnerable after large precious-metal funds leftEvolution Chairman Says Gold Giants Must Change to Woo InvestorsGold producers are doing everything they’re supposed to be doing -- squeezing more profit out of mines, penny-pinching on projects and resisting the kind of big deals that got them into trouble when prices fell...Read More
Treasuries climb, oil plunges after strong inventories reportEuropean shares fall on China output data, dollar gainsBofAML's Michelle Meyer says Fed Chair Powell hinted he may be comfortable with faster rate hikes.U.S. stocks tumbled in afternoon trading, adding to the worst month for equities in two years, while Treasuries climbed with the dollar.The S&P 500 Index dropped more than 1 percent,...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and S&P 500 posted their first monthly losses since March 2017.The Dow recorded its first losing February since 2009.The Dow remains more than 1,500 points below its all-time high reached on Jan. 26, 2018. Wall Street Overview Stocks sunk on Wednesday, Feb. 28, as global investors parsed potentially...Read More
3 Hots Things to Know About Stocks Right Now The S&P 500 Net Earnings Revisions Index (NERI) popped to 21.0% during February, the highest positive reading since the start of the data in 1985, points out Yardeni Research. Papa John's (PZZA) shares will be under pressure after an ugly fourth quarter. It will exit its contract with the NFL.Netflix (NFLX) is closing in on one hot month: sha...Read More
Gold pour at Porcupine mine. Image: GoldcorpAccording to the World Gold Council primary gold production hit another record in 2017 after nine years of growth in output, albeit at a much slower pace.Global gold production totalled roughly 105m troy ounces in 2017. Output is up 525 tonnes or nearly 17m ounces since the start of the decade.The top 10 listed, non-state owned gold miners are responsibl...Read More
The latest news and price moves to start the Asian day on Thursday March 1.Base metals prices on the London Metal Exchange fell across the board at the close on Wednesday February 28, with the complex under pressure from the resurgent dollar, which hit its highest level since January 19. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Metal Bulletin has lea...Read More
My readers know I'm not a bitcoin proponent. I don't deny that it's made some people a lot of money. But even with the recent pullback, I believe bitcoin is a massive bubble.But I've also stated my belief in blockchain technology, which is the technology behind bitcoin and other cryptocurrencies. There's great promise here.And despite what some critics may claim, I'm not some technophobe who doesn...Read More
A lot of bitcoin advocates sold the idea that it was invisible to the IRS. Well, not really, I said all along. And now that's becoming evident, as you're about to see.I was reminded of a story from about 15 years ago...A Swiss banker loaded all of the confidential information on Americans with Swiss bank accounts that he could find onto a CD-ROM. He then flew to the United States and handed the in...Read More
In a CNBC interview this week, Warren Buffett was asked if he would still consider investing in gun companies after the school shooting in Florida and calls for corporate America to stop supporting the NRA and gun manufacturers.This was his response:“I think what the kids are doing there is very admirable, but I don’t think that Berkshire should say, ‘We’re not going to do...Read More
Amy was a very bright and active little girl.But before long her parents noticed a change in her behavior.A progression of tests revealed a scary reality. Amy had cancer.Fortunately for Amy, radiologists were able to zero in and locate the cancer in her body more accurately than ever before.You see, Amy's doctors were assisted by powerful artificial intelligence (AI) systems that processed the ima...Read More
Macy's (NYSE:M) is finally escaping retail purgatory.The iconic department store beat earnings and revenue estimates and has slowed its declining same-store sales. Its cost-cutting efforts are finally working as management appears to be setting the company up for a steady recovery after absorbing blow after blow from Amazon.com.As the brick and mortar retail wars escalate, Macy's looks like a pote...Read More
“It’s not a Republican thing... It’s not a Democrat thing... It’s simply the right thing to do!“That’s what Jamie Dimon, CEO of J.P. Morgan Chase (JPM) and a member of President Trump’s business advisory council, had to say at our closed door lunch this week in Miami.It was a lively conversation touching on everything from politics to the U.S. economy, to...Read More
The emerging mainstream narrative runs to sweet music...At 4.1%, unemployment scarcely exists.Wages are rising… and wage-driven inflation is on the jump.Retail sales are roaring. So is consumer confidence.Corporate profits are ringing the registers.And because of tax cuts, more money will soon jingle in consumer pockets.Rising global growth provides the beautiful cadenza, the final flourish....Read More
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canap?(C) and wine reception. Details on the presenting companies can be found below. This event is suitable for the following:Sophisticated & private investors, private client brokers, fund managers, financial instit...Read More
Powell's hawkish outlook increases pressure on bullion pricesConsumer price growth may boost demand for gold as a hedgePhotographer: Luke MacGregor/BloombergGold tumbled after Federal Reserve Chairman Jerome Powell opened the door to four interest rate hikes this year on the back of a strengthening U.S. economy, another instance of the competing forces that have corralled prices into a $...Read More
Cobalt companies flooded with interest at mining conferenceGold miners vulnerable after large precious-metal funds leftEvolution Chairman Says Gold Giants Must Change to Woo InvestorsGold producers are doing everything they’re supposed to be doing -- squeezing more profit out of mines, penny-pinching on projects and resisting the kind of big deals that got them into trouble when prices fell...Read More