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
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 Wednesday was a weak 67-89-134. The TSX Venture Exchange gained 13 points to 829 while rough diamond prices were flat. Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC) dropped 11 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 ReporterNew York spot gold fell $0.40 to $1,317.30 on Wednesday. The TSX Venture Exchange rose 13.94 points to 829.12 while the TSX Gold Index dropped 0.42 point to 179.59. Continuing troubles with some militant locals sent Torex Gold Resource...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 13.94 points to 829.12 Wednesday. Joe DeVries's new capital pool shell, Anquiro Ventures Ltd. (AQR), resumed trading today, following a $200,000 initial public offering at 10 cents.Anquiro has 2.5 milli...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 Tuesday was a bleak 59-104-127. The TSX Venture Exchange fell 11 points to 815 while rough diamond prices were flat. Patrick Power's Arctic Star Exploration Corp. (ADD) gained one-half cent to 21...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 fell $15.20 to $1,317.70 on Tuesday. The TSX Venture Exchange fell 11.69 points to 815.18 while the TSX Gold Index dropped 4.55 points to 180.01. Detour Gold Corp. (DGC) led Canadian gold miners lower today, dropping...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 lost 11.67 points to 815.20 Tuesday. Andrew Shapack and Sean Nakamoto have filed a preliminary prospectus to list a capital pool shell called Pine Trail Capital Trust. The shell is a trust, rather than a corpor...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 April delivery lost 90 cents to $63.01 on the New York Merc, while Brent for April lost 87 cents to $66.63 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28 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 Mike CaswellScotia Capital Inc. has settled a lawsuit it faced in the Supreme Court of British Columbia over losses in the accounts of an Alzheimer's patient. The suit, filed by the Public Guardian and Trustee, claimed that Scotia Capital had allowed speculative...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