BOGOTA, Feb 13 (Reuters) - The railway line of Colombia's largest coal mine, Cerrejon, was attacked with explosives overnight, causing the train to halt transport but without affecting production or exports, the company reported on Tuesday.The attack occurred late on Monday in northern La Guajira province where the open-pit coal mine is located."At kilometer 27 an explosive device detonated on the...Read More
BOGOTA, Feb 13 (Reuters) - The railway line of Colombia's largest coal mine, Cerrejon, was attacked with explosives overnight, causing the train to halt transport but without affecting production or exports, the company reported on Tuesday.The attack occurred late on Monday in northern La Guajira province where the open-pit coal mine is located."At kilometer 27 an explosive device detonated on the...Read More
Shares of HCA Healthcare Inc (NYSE:HCA) hit a record high in late January, thanks to a positive reaction to the healthcare company's earnings report. This just mirrored the stock's recent technical tenacity, having broke out above a long-term flag pattern in December. More recently, the security has pulled back to its 2015 highs, making now an opportune time to join HCA on its next leg higher. A...Read More
(Kitco News)- The gold market is regaining some lost ground Tuesday,benefiting from a weaker U.S. dollar as markets continue to digest PresidentDonald Trump’s proposed budget for 2019.April gold futures last traded at $1,331 an ounce, up0.35% on the day. The gains come as the U.S. Dollar index has dropped below thecritical psychological level of 90 points. The USD Index last traded at 89.65p...Read More
(Kitco News) - The gold market is regaining some lost ground Tuesday, benefiting from a weaker U.S. dollar as markets continue to digest President Donald Trump’s proposed budget for 2019.April gold futures last traded at $1,331 an ounce, up 0.35% on the day. The gains come as the U.S. Dollar index has dropped below the critical psychological level of 90 points. The USD Index last traded at 8...Read More
By Gertrude Chavez-DreyfussNEW YORK, Feb 13 (Reuters) - U.S. long-dated Treasury yields slipped on Tuesday in quiet trading, tracking the decline in stocks ahead of a crucial U.S. inflation report on Wednesday that could shed more light on the pace of future interest rate increases by the Federal Reserve."We're seeing stocks trading lower and so perhaps the Treasury market is a little bit on...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE IDENTIFIES NUMEROUS NEW BASE METAL SOIL ANOMALIES AT JUAN DE HERRERA PROJECT, DOMINICAN REPUBLICPrecipitate Gold Corp. has released regionally compiled results of its near property-wide soil sampling program conducted on its 100-per-cent-owned Juan de Herrera project in the Dominican Republic.The combination of previously collected soil sampling analyses with...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE IDENTIFIES NUMEROUS NEW BASE METAL SOIL ANOMALIES AT JUAN DE HERRERA PROJECT, DOMINICAN REPUBLICPrecipitate Gold Corp. has released regionally compiled results of its near property-wide soil sampling program conducted on its 100-per-cent-owned Juan de Herrera project in the Dominican Republic.The combination of previously collected soil sampling analyses with...Read More
(Kitco News) - Goldprices briefly slipped below unchanged levels inmid-morning U.S. dealings Tuesday. However, traders quickly stepped in to"buy the dip" in prices, to push gold back above unchanged and totrade modestly up on the day. A slumping U.S. dollar index early this week isworking in favor of the precious metals market bulls. Aprilgold was last up$3.70 an ounce at $1,330.10.By Ji...Read More
Gold is still making higher highs.It seems now to be bouncing out of a daily cycle low.The dollar has also topped. We could have a nice rally on our hands.The gold market (NYSE:GLD) remains a very difficult sector to trade. Gold has actually formed a daily swing low which could mean we have a daily cycle low on our hands. Why? Well the momentum oscillators have reached oversold territory and short...Read More
The S&P 500 Index (SPX) on Monday notched a gain of more than 1%, after rallying on Friday. It marked the index's first back-to-back gains of that magnitude since June 2016. The last time the SPX went at least a year without consecutive gains was in February 2014, four years ago, according to Schaeffer's Senior Quantitative Analyst Rocky White. Here's what that could mean for the stock market in t...Read More
GNC Holdings Inc (NYSE:GNC) stock is at the top of the New York Stock Exchange (NSYE) -- up 25.5% to trade at $5.26 -- afterthe health and wellness retailer announced a joint venture with Harbin Pharmaceutical to make and sell its products in China. The Chinese drumaker will also invest roughly $300 million in GNC, becoming its largest shareholder. The company also reported fourth-quarter earning...Read More
The jump up in bond yields that tripped up stocks this month ultimately came from concerns over the U.S. fiscal outlook, rather than a realization that the Federal Reserve's monetary tightening would restrict liquidity, according to Evercore ISI analysis.Read full newsRead More
* Battery technology evolving towards higher nickel useRead full newsRead More
The Midas Touch Gold Model?,,? is back to a neutral conclusion! Today our Midas Touch Gold Model?,,? moved back to a neutral conclusion as Gold in Chinese Yuan gave a new buy signal! This without a doubt is a ...Read full newsRead More
There has been some debate on Wall Street lately as to whether the "changing of the guard" at the Federal Reserve triggered the major stock market drop in February. Coincidence or not, we know that Jerome Powell was sworn in as the head of the Federal Reserve on Monday, Feb. 5, which wound up being the Dow Jones Industrial Average's (DJI) worst single-session point loss on record. The stock market...Read More
Pallinghurst Resources's precious gemstones miner Gemfields is standing up to disturbing allegations of human rights abuses at the company's Montepuez ruby mine in Mozambique, and disclosed it's now target of a legal claim on behalf of 29 locals.The company, the world's top coloured gems producer, accounting for roughly a third of the global supply of emeralds and rubies, revealed that human right...Read More
Pallinghurst Resources's precious gemstones miner Gemfields is standing up to disturbing allegations of human rights abuses at the company's Montepuez ruby mine in Mozambique, and disclosed it's now target of a legal claim on behalf of 29 locals.The company, the world's top coloured gems producer, accounting for roughly a third of the global supply of emeralds and rubies, revealed that human right...Read More
(Kitco News) - Goldpriceshave slipped from modestly higher levels seenovernight to near steady in late-morning trading Tuesday. The light sellingpressure comes as the U.S. stock market is lower, but the volatility is nothigh and the selling pressure is orderly. If volatility in the stock marketheats up today, then look for gold prices to see some fresh safe-haven demand. Selling pressure in the go...Read More
Concerns about competition from e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) have rattled several sectors recently, including shipping stocks. Today, the shares of several healthcare suppliers are lower on reports that Amazon is aiming to be a major hospital supplier (subscription required). Against this backdrop -- not to mention buzz about a big pharmacy merger in the works -- McKesson Corpor...Read More