Further U.S.rate hikes have already been factored into the markets while there is potentialfor monetary tightening in Europe, all meaning potential for weakness in theU.S. dollar and conversely strength for gold in 2018, says Mitsubishi. Thedollar weakened in 2017 despite three Fed rate hikes. “Nonetheless the Fedhikes and strong growth had already been priced into the dollar, whereas econom...Read More
TORONTO, ONTARIO--(Marketwired - Jan. 4, 2018) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) is pleased to announce that it has retained Stantec Consulting Inc. ("Stantec") and ENGCOMP Engineering and Computing Professionals Inc. ("ENGCOMP") to lead and author the Pre-Feasibility Study ("PFS") for the Wheeler River project, which is the largest undev...Read More
With VAT introduced on January 1, prices of most goods and services are set to rise by at least 5% UAE residents who have to pay value-added tax (VAT) on their gold purchases will find some comfort in retailers deciding to absorb the VAT costs for the month of January.Pure Gold Jewellers has announced that it will absorb VAT on all gold and diamond purchases from January 1 to 31, 2018.With VAT int...Read More
Meet Globe 24-7 at one of the world's premier technical mineral exploration conferences, AME's Mineral Exploration Roundup 2018 will take place in beautiful Vancouver, BC. Every year, explorers from around the world come together to share their latest findings, stories, successes and innovative ideas to further the exploration industry.As the industry gains momentum, and sees a resurgence in many...Read More
Central bankers discussed reasons to speed up, slow down hikesDebate also focused on risks of a flattening yield curveBloomberg's Chris Condon reports on the takeaways from the FOMC December meeting minutes.Federal Reserve officials in December debated the risks to the U.S. economic outlook, with some concerned about low inflation and others pointing to robust growth that was about to get a furthe...Read More
Stocks refuse to go down, even when Trump and Bannon declare war on one another as it appeared on Wednesday. The Dow Jones Industrial Average, the S&P 500 and Nasdaq jumped to new records on Wednesday, Jan. 3, as global markets continued to ride a bullish wave powered by synchronized growth and accelerating corporate profits. The Dow Jones Industrial Average was up 0.40% to finish at 2...Read More
The Dow Jones Industrial Average, the S&P 500 and Nasdaq set intraday record highs on Wednesday, Jan. 3, as global markets continued to ride a bullish wave powered by synchronized growth and accelerating corporate profits. The Dow Jones Industrial Average gained 57 points, or 0.23%, and hit an intraday high of 24,894. The S&P 500 rose 9.6 points and topped 2,700 for the first t...Read More
European stocks rebounded firmly Wednesday, while U.S. equity futures pointed to another set of records on Wall Street as global markets continue to ride a bullish wave powered by synchronised growth and accelerating corporate profits. The Stoxx 600 Europe index, the region's broadest measure of share prices, added 0.24% in the opening two hours of trading, driven in part by solid gains for...Read More
While it's pulled back a bit since New Year, the price of copper ended 2017 near a four-year high of $3.30 a pound ($7,260 per tonne) extending the bull run in the red metal for a second year. Measured from its multi-year lows struck at the beginning of 2016, copper has gained more than 70% in value.The rally for zinc has been even more spectacular with the metal, mainly used to galvanize steel, e...Read More
The latest news and price moves to start the Asian day on Thursday January 4.Base metal prices on the London Metal Exchange were mostly lower at the close on Wednesday January 3, with lead and tin the only metals to finish the day in positive territory. Read more in our live futures report.Here are how prices looked at the end of the day on Wednesday.Glencore said it will add 100,000 tonnes o...Read More
After overindulging during the holidays, most folks strive to get their lives back on track in January…This year will be different! No more sweets. No booze. Instead of snacking on the couch and binge-watching my favorite shows, I'll hit the gym three days a week...Of course, there are plenty of companies ready to cash in on your dubious resolutions. Weight Watchers (NYSE:WTW) is hyping the...Read More
Dear Reader,A new, long-term, secular bull market in gold has begun.This new trend will take gold past $1,400 per ounce by the end of 2018, past $4,000 per ounce by 2020 (if not sooner) and ultimately to $10,000 per ounce or higher by the mid-2020s.This bull market actually began on Dec. 17, 2015, when the dollar price of gold sank to $1,051 per ounce. This new bull market was two years old last w...Read More
The most important piece of evidence that the next great bull market in gold has begun is the technical behavior of the prior bear market itself.Over many decades, commodities rallies have exhibited 50% retracements (bear markets) before resuming their long-term upward trends based on the slow, steady devaluation of the fiat currency in which the commodities are priced.Using the $252 price from Au...Read More
Too many people are dying on our roads.The number of deaths annually - nearly 40,000 - means someone dies in a car every 13 minutes.The economic impact related to care and productivity losses amounts to over $80 billion. The National Highway Traffic Safety Administration estimates the overall economic cost of traffic accidents approaches $1 trillion.Despite the daunting figures, the truth is motor...Read More
Welcome to 2018!!It’s a brand new year with a brand new Trump agenda in play.And this time, there’s $1 trillion in government payments up for grabs!You might think that Trump and the Republicans might take a few weeks to catch their breath after passing the highly contested tax cut at the end of 2017.But even before leaving Washington for his Christmas vacation, Trump told reporters to...Read More
Heavy Chinese investment in Indonesian nickel smelting and stainless steel production means that an increasing quantity of nickel ore mined in the country will be consumed internally from 2018 onwards.In spite of higher production in the coming year, Indonesian nickel pig iron (NPI) exports to China will fall in 2018 as around 180,000 tonnes of nickel metal will be consumed domestically on an ...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 had its sixth consecutive up-day, climbing 18.9 points to 889.94 Wednesday. Alan Friedman's Tova Ventures II Inc. (TOVA) has arranged to acquire Enthusiast Gaming Inc. as its qualifying transaction. Enthusiast...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 CaswellRan Armon, a Toronto-area man charged in the United States for a fraudulent on-line trading firm, has pleaded not guilty. He entered the plea in a nine-minute appearance before New Jersey Magistrate Judge Cathy Waldor. She permitted Mr. Armon to go fr...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 positive 88-71-119. The TSX Venture Exchange added another 20 points to 867 while polished diamond prices dropped 0.15 per cent. Thin-trading and effectively bankrupt True North Gem...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 gained $14.60 to $1,317.10 on Tuesday. The TSX Venture Exchange rose 20.32 points to 871.04 while the TSX Gold Index added 3.88 points to 199.34. McEwen Mining Inc. (MUX) was strong, adding 23 cents to $3.09 on 981,0...Read More