Gold imports by India surged in April amid falling prices and higher demand ahead of the second-biggest gold-buying day in the Hindu calendar.Inbound shipments grew to 121 tons last month from 52.8 tons a year earlier, according to a person familiar with the data, who asked not to be identified as the information isn't public. Shipments were higher than the 73 tons in March as well. Finance Minist...Read More
ROKU could be set for more volatility with earnings around the cornerTwo growth stocks receiving positive analyst attention on Wall Street this morning are streaming technology expert Roku Inc (NASDAQ:ROKU) and low-cost gym operator Planet Fitness Inc (NYSE:PLNT). A brief breakdown of the bull notes on the shares of ROKU and PLNT is below. ROKU was started with an "overweight" designation at Steph...Read More
Norway's proposal to divest billions more from coal, and instead use the world's largest sovereign wealth fund to invest in solar and wind is a sign of things to come - and may just be what catapults the global clean energy market into sky rocketing growth.The proposal is set to pass into law in June and follows supportive policy agreed by the ruling Conservative Party last year. It will see the N...Read More
GWPH short sellers could soon head for the exitsThe shares of GW Pharmaceuticals PLC (NASDAQ:GWPH) are in focus today, aftera double-dose of good news last night. First, the drugmaker's first-quarterlosswas slimmer than expected. But more importantly, its epilepsy drug Epidiolex met the main goals in a late-stage study, while first-quarter sales for the drug were higher than expected. In respon...Read More
ArcelorMittal will reduce output and cut 300 out of 800 jobs at its iron ore mines in Bosnia, the world's largest steelmaker said on Tuesday.Output will be reduced by a third to 1 million tonnes and the job cuts will be carried out from September, it said in a statement.ArcelorMittal operates a steel plant in the central Bosnian town of Zenica which processes iron ore from its Omarska mines in Pri...Read More
The shoe company posted first-quarter earnings and revenue that beat expectationsThe shares of Crocs Inc (NASDAQ:CROX) are popping in early trading, after the firm posted first-quarter earnings of 33 cents per share on $295.9 million in revenue -- both topping analysts' estimates. CROX cited strong e-commerce and wholesale revenue, and said its same-store sales were up 8.7% for the first part of t...Read More
The biotech missed on both the top- and bottom-lineRegeneron Pharmaceuticals Inc (NASDAQ:REGN) stock is trading down 3.7% ahead of the bell, after the biotech reported slimmer-than-expected first-quarter adjusted earnings of $4.45 per share. Regeneron revenue of $1.71 billion also missed the mark. The shares have sold off sharply since their March 4 17-month high of $442. The stock's $330-$335 are...Read More
Indians could buy at least 10 percent more gold during the annual Hindu and Jain holy festival of Akshaya Tritiya than a year ago, industry officials said, as a dip in prices prompted consumers to increase purchases.A rise in consumption by the world's second-biggest gold consumer could help global prices which are currently hovering near a 4-month low, but could widen India's trade deficit and pu...Read More
Robert Lighthizer said tariffs on $200B in Chinese goods will increaseFollowing confirmation by U.S. Trade Representative Robert Lighthizer that tariffs on $200 billion in Chinese goods will increase this Friday, May 10, if no deal is reached, Dow Jones Industrial Average (DJI) futures are once again in the red. Chinese Vice Premier Liu He is expected in the U.S. for trade talks later this week....Read More
Iron ore prices look increasingly caught between the bullish reality of lower supply from Brazil and the bearish possibility of weaker demand if President Donald Trump carries out his threat to ramp up his tariff war against China.The price action in the wake of Trump's Twitter threat on Sunday to ramp up tariffs on $200 billion of imports from China to 25% was indicative of iron ore's dilemma.Tak...Read More
Yamana Gold has announced something huge: a doubling of its dividend. How did it manage that and what does it mean for investors?Read full newsRead More
Traders seem to be "all-in" on a bearish price move for gold, despite Friday's strong finishGold futures took a big hit in the aftermath of last week's Federal Open Market Committee (FOMC) meeting -- which was punctuated by a press conference at which Chairman Jerome Powell disappointed anyone who may have been anticipating a hairpin shift from rate hikes to rate cuts on the part of the central ba...Read More
Great Atlantic Resources (TSXV: GR) acquired, through an option agreement and by staking, the Glenelg vanadium property located in southwest New Brunswick, Canada.In a press release, Great Atlantic said that recent bedrock grab samples from the property from a layered intrusion returned significant levels of vanadium, specifically 0.33 & 0.42% V2O5.Located approximately 5 kilometres southeast of t...Read More
Transition Metals (TSXV: XTM) announced this week that it completed a ground magnetotellurics or MT survey and stacked an additional 235 hectares at its 100%-owned Saturday Night project, located north of Thunder Bay, Ontario.In a press release, the Sudbury-based miner said that the completed MT survey included 37 stations focused on further evaluating a reversely-polarized magnetic anomaly measur...Read More
* Zinc hits two-month low on expectated higher supplies * Copper cancelled warrants near 27 percent * GRAPHIC-2019 asset returns: (Updates with closing prices)By Pratima DesaiLONDON, May 7 (Reuters) - Copper prices fell on Tuesdaytowards 2-1/2 month lows hit last week on worries about demandafter U.S. President Donald Trump said he would raise tariffs onChinese goods before U.S-China trade talks.B...Read More
Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world's largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal this year, or 7.1% of the total global output, according to data and analytics firm GlobalData.In comparison, main rival Barrick Gold's (TSX:ABX)(NYSE:GOLD) output for 2019 is estimated at only 5.6 million oun...Read More
Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world's largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal this year, or 7.1% of the total global output, according to data and analytics firm GlobalData.In comparison, main rival Barrick Gold's (TSX:ABX)(NYSE:GOLD) output for 2019 is estimated at only 5.6 million oun...Read More
Question? Which nation is the biggest gold producer in Europe, excluding Russia? Clue: it gave the world Santa Claus, gifted tulips to the Netherlands and calls olive oil wrestling its national sport. Kerim Sener is devoted to making it better known for auricerous land.Read full newsRead More
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can beRead full newsRead More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More