Mr. Murray Payne reportsDYNACERT ANNOUNCES OFFERING AMENDMENT, PROPOSED OVERSUBSCRIBED SECOND TRANCHE CLOSING AND WARRANT AMENDMENTSDynaCERT Inc. has received subscriptions for an aggregate of $2,454,480 in respect of the proposed closing of the second tranche of its financing previously announced of up to $3-million of units (see press releases of Sept. 18, 2018, Sept. 20, 2018, and Sept. 25, 201...Read More
Gold The previously discovered descending channel pattern has been fully confirmed. Gold price has declined after encountering the patterns resistance line and declined down to the 1,220.00 level. The commodity price has reached the support of the 50.00% Fibonacci retracement level at 1,220.00. It is expected that the metal will eventually pass the support of the Fibo, as it is expected to...Read More
The two stocks are now staring at year-to-date lossesThis morning, two names in the healthcare sector are lower after receiving some bearish analyst attention. For starters, athenahealth, Inc (NASDAQ:ATHN) is down 0.3% to trade at $132.25, after Wells Fargo downgraded the IT services specialist to "market perform" from "outperform," while slashing its price target to $135 from $185. -- the per-sh...Read More
Both retailers reported quarterly profit and revenue missesWhile Amazon (AMZN) unveiled record Cyber Monday sales, Buckle Inc (NYSE:BKE) reported third-quarter earnings of 42 cents per share on $215.1 million in revenue -- lower than analysts were expecting. What's more, the retailer confirmed same-store sales for the three-month period plunged 1.4%. BKE stock has dropped 8.2% to trade at $19.17,...Read More
JOHANNESBURG - South Africa's Gold Fields is not acting in good faith in talks with the government over planned job cuts, mining minister Gwede Mantashe said on Monday, a setback for negotiations aimed at ending a weeks-long strike.Most workers at Gold Fields' struggling South Deep mine have been on strike since Nov. 2 over the company's plans to cut around 1,100 jobs, or 30 percent of its workfor...Read More
LONDON - La Mancha Group plans to buy more underground gold mines in Africa and is ready to snap up mines that Barrick Gold and Randgold Resources will sell after their merger, its billionaire chairman Naguib Sawiris said on Tuesday."The Barrick disposals might be in geographies where we are very strong and that makes sense for us," Sawiris told reporters on the sidelines of the Mines and Money co...Read More
Financial technology company Tradewind Markets has made its VaultChain metals-trading blockchain platform available for silver producers, building on the company's work with gold mining companies that began earlier this year.One of the first clients of the new service, Tradewind says, is Japan's Sumitomo Corporation Global (SCMI US Inc), but the company is confident there will be more miners using...Read More
Trump said it's "highly unlikely" the U.S. will delay tariff increasesStock futures appear poised to pull back from yesterday's strong rebound, as fresh trade tensions between the U.S. and China surface ahead of Friday's G-20 summit, where leaders of the countries are expected to meet. President Donald Trump told the Wall Street Journal it was "highly unlikely" the U.S. would delay its tariff incr...Read More
VANCOUVER, British Columbia, Nov 27, 2018 (GLOBE NEWSWIRE via COMTEX) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Lumina Gold Corp. (LUM)LMGDF, -3.45% (the "Company" or "Lumina") is pleased to announce that it has completed its previously announced short form...Read More
Amid heavy tech-sector outflows, FAANG stocks have been racking up ominous-sounding death crossesThere has been much ado about "death crosses" among the talking heads of Wall Street, particularly regarding the so-called "FAANG" stocks. Case in point: A MarketWatch headline on Nov. 20 warned, "Netflix's 'death cross' is the third for FAANG stocks and Nasdaq Composite is next." Against this backdrop...Read More
GM puts and calls were both active yesterdayGeneral Motors (NYSE: GM) stock closed up 4.8% yesterday following the company's announcement it'll be halting production at three North American plants. This was the shares' best session since they rallied more than 9% after earnings late last month, as they push higher from their two-year low of $30.56 on Oct. 24. GM settled Monday's session at $37.65,...Read More
Gold is financial insurance & reasons to hold gold is still strong today.Third leg of gold bull market is coming and it is where we will see the biggest gains.The case for platinum and palladium.Chris Blasi, President at Neptune Global, shares on SBTV about how the secular bull market in gold is still intact. He sees the pull back in prices in recent years as a needed correction before the thi...Read More
(Adds May comments)LONDON, Nov 27 (Reuters) - British Prime Minister TheresaMay rebutted U.S. President Donald Trump's warning about thefuture of anglo-American trade, saying a trade deal was possibleand that work towards it was making good progress.Trump said on Monday the agreement by which the UnitedKingdom will leave the European Union may make trade betweenWashington and London more difficult...Read More
• The precious metal extended overnight rejection slide from one-week-old descending trend-line resistance and dropped to test an important horizontal support near $1220 level. • A follow-through selling below the mentioned support will mark a near-term bearish breakthrough a descending triangular formation on the 1-hourly chart and add to the...Read More
Mr. Ralph Shearing reportsTELSON REACHES AGREEMENT WITH NYRSTAR TO AMEND LOAN AGREEMENTTelson Mining Corp. has reached an agreement to amend the terms of its loan agreement dated June 13, 2018, with Nyrstar Canada (Holdings) Ltd. The amended terms of the loan agreement will help Telson to better manage its cash flows at Campo Morado in a subdued zinc price environment.Effective Nov. 19, 2018, Tels...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
Published 21 Hours AgoUpdated4 Hours AgoReuters Umit Bektas | ReutersGold fell to its lowest in more than a week on Tuesday as the dollar rallied after comments from U.S. Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue hiking interest rates.Spot gold fell 0.66 percent to $1,21418 per ounce, after touching its lowest since Nov. 16 at $1,213.94...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average posted solid gains on Monday after sliding 4.4% during Thanksgiving week. Cyber Monday is expected to bring in $7.8 billion in sales, according to Adobe Analytics.General Motors Co. (GM) rose 5% after the automaker announced a restructuring that will include plant closures and job...Read More
Bob Moriarty ArchivesNov 27, 2018Lorimer Wilson January 24, 2011$5,000 Gold Bandwagon Now Includes 85 Analysts!More and more economists, analysts and financial writers, 125 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak with 5 individuals claiming that the peak price will be realized sometime in 2011. Some have adjusted their previous progno...Read More
CloseGain/LossGold $1215.00-$7.50Silver$14.14-$0.11XAU63.55-1.82%HUI143.71-1.99%GDM526.50-1.91%JSE Gold1105.78-21.46USD97.36+0.31Euro112.95-0.39Yen88.02-0.12Oil$51.56-$0.0710-Year3.053%-0.014T-Bond139.90625+0.125Dow24748.73+0.44%Nasdaq7082.70+0.01%S&P2682.20+0.33% The Metals: Gold edged up to $1225.20 by a little after 8AM EST before it fell back to $1212.00 in early afte...Read More