The similarities are eerie, and Republicans could be facing a crisis.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tarif...Read More
BMY gapped lower to a five-year bottom at the start of 2019 The shares of Bristol-Myers Squibb Co (NYSE:BMY) are down 3% in electronic trading, after the pharma name pulled the U.S application for its combo lung cancer treatment of Opdivo and Yervoy. This comes as the company has struggled to keep up with sector peer Merck (MRK) and its rival cancer drug Keytruda. What's more, the news is oversh...Read More
The chipmaker's fiscal 3Q results beat estimatesThe shares of Xilinx, Inc. (NASDAQ:XLNX) are set to soar 9.4% out of the gate-- and could take aim at its June 2000 record high of $98.31 -- after the chipmaker reported fiscal third-quarter adjusted earnings of 92 cents per share on $800 million in revenue -- more than analysts were expecting. Plus, the San Jose-based company said it expects current...Read More
Dow component Intel will be in the earnings spotlight post-closeDow Jones Industrial Average (DJI) futures are indicating a lower open this morning, as traders prepare for a huge day of earnings. While no blue-chip numbers are set to come through untilIntel (INTC) reports after the close, there are still plenty of other quarterly updates to digest this morning. Adding to the busy backdrop are fres...Read More
• A modest USD uptick/stability in equity markets prompts some fresh selling. • Dovish Fed expectations/partial US govt. shutdown might limit further downside. Gold struggled to build on the overnight attempted rebound and remained under some selling pressure for the second consecutive session. The precious metal failed to capitalize on the early upti...Read More
Freeport-McMoRan Inc.'s FCX, -13.08% profit fell in the fourth quarter as revenue fell and interest expenses rose. The company reported earnings of $140 million, down from $1.04 billion the comparable quarter a year ago. Earnings were nine cents a share, down from 71 cents a share. Analysts polled by Refinitiv were expecting earnings of 22 cents a share. Adjusted earnings were 11 cents a share, do...Read More
(adds UK reaction)BRUSSELS, Jan 24 (Reuters) - The European Commission said onThursday it was suing Britain over tax exemptions the countrygrants to some commodity markets, waivers that Brusselsconsiders in breach of European Union rules.Under EU rules, countries need EU authorisation not tocharge sales tax on products and services. In 1977, Britainobtained a waiver to charge a zero rate value-add...Read More
(Updates with closing prices, adds column)By Peter HobsonLONDON, Jan 24 (Reuters) - Aluminium prices fell on Thursdayfrom the previous session's four-week high as worries over theeffect of a Chinese economic slowdown outweighed signs of tightsupply.On-warrant stocks of aluminium available to the market inLondon Metal Exchange-registered warehouses tumbled to 848,650tonnes from more than a million...Read More
Orinoco Gold (ASX: OGX) announced that it has just started working with AngloGold Ashanti (JSE:ANG) (NYSE:AU) on establishing an in-country joint venture entity in Brazil, an undertaking that should be completed in the first quarter of 2019.The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.The regional exploration joint ven...Read More
Orinoco Gold (ASX: OGX) announced that it has just started working with AngloGold Ashanti (JSE:ANG) (NYSE:AU) on establishing an in-country joint venture entity in Brazil, an undertaking that should be completed in the first quarter of 2019.The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.The regional exploration joint ven...Read More
Gold _ Silver Spot Gold bounces back towards our selling opportunity at 1286/88, with stops above 1290. Next target & resistance at 1294/95. Bulls need a break above 1299.Minor support at 1278/77. Below 1276 is a sell signal targeting 1274 & probably a buying opportunity at 1268/66. Try longs with stops below 1263. Silver bounces back to 1543 but look for a selling opportunity at 1553/55 w...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
The price of gold dropped six bucks last week. The price of silver fell 26 cents, a greater percentage.The price of gold can sometimes correlate well with the price of stocks.In the short term, the gold-SPX correlation has clearly turned negative (in fact, a negative correlation is generally thought of as "normal").The Monetary Metals Gold Fundamental Price fell $10 to $1,334.The Monetar...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose after solid earnings from several bellwethers helped to allay growth worries.International Business Machines Corp. (IBM) jumped 8.46% after the technology giant posted adjusted fourth-quarter earnings that beat estimates and issued an outlook for the year that was higher than forecasts.Procter &a...Read More
For many of the world's companies, the best investment opportunities aren't always located within their own domestic borders. Whether it is building a new Starbucks store in Abu Dhabi or Tata Motors acquiring Land Rover, foreign direct investment (FDI) is a measure of how much business capital is flowing in and out of countries. In 2017, total foreign direct investment was $1.43 trillion glo...Read More
Billionaire Sam Zell just announced that he bought gold for the very first time in his life because, as he puts it, "it is a good hedge." In a recent Bloomberg interview, the Equity International founder and creator of the real estate investment trust (REIT) admitted to seeing an opportunity in gold's increasing supply shortage."For the first time in my life, I bought gold because it is a good h...Read More
January 24th, 2019, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce the appointment of Mr. Geoff Burns to the Company's Board of Directors.Mr. Burns is Chairman of Maverix Metals Inc. ("Maverix"), an emerging precious metals royalty and streaming company he co-founded in 2016. Prior to Maverix...Read More
By: Ira EpsteinGold making lower highs, Bollinger Bands narrowing:Read More
Dear Friend of GATA and Gold:Financial blogger Don Swenson today reports disappointedly on his attendance at the Vancouver Resource Investment conference a few days ago. In commentary headlined "Digital Currencies, Electronic Trading, Robots, and Algorithms! Repeat!" --https://kingdomecon.wordpress.com/2019/01/22/digital-currencies-electron...-- Swenson complains that the conference took no noti...Read More