Yellow metal soars and gains almost 1% in a few minutes. Lowe US yields favored gold as UK Cabinet meeting brings no certainty. Gold has risen $10 during the last 60 minutes on the back of Brexit headlines. Uncertainty about the future of UK PM May pushed the Pound to the downside and added support for gold. The metal moved all day in a small range around $1200 and recently bro...Read More
Mr. Erfan Kazemi reportsSANDSTORM GOLD LTD.: SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER RESULTSSandstorm Gold Ltd. has released its results for the third quarter ended Sept. 30, 2018 (all figures in United States dollars).Third quarter highlights:Revenue of $17.3-million (Q3 2017 -- $17.9-million); Attributable gold equivalent ounces sold of 14,314 ounces (Q3 2017 -- 14,293 ounces); Ave...Read More
Oil, however, snapped a record 12-session losing streak The Dow continued to fall today, dropping for a fourth straight session -- its longest losing streak since August -- despite starting the day higher. Apple (AAPL) stock flirted with bear-market territory after downgrades from Guggenheim and UBS, sinking for a fifth straight day to mark its longest losing streak since April. In addition, bank...Read More
NEW YORK - Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the third quarter of 2018 while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp remained unexposed to the metal.With investors continuing to favor the U.S. dollar and riskier assets against the backdrop of a global trade war, New York-based Paulson &...Read More
Premier Gold Mines (TSX: PGM) has signed an option agreement with Ely Gold Royalties (TSXV: ELY; US-OTC: ELYGF) to acquire its Rodeo Creek property, which sits adjacent to Premier's South Arturo open-pit mine, a joint-venture operation in which it owns a 40% stake and Barrick Gold (TSX: ABX; NYSE: ABX) owns 60%.Under the agreement with Ely Gold Royalties, Premier Gold can acquire a 100% stake...Read More
Premier Gold Mines (TSX: PGM) has signed an option agreement with Ely Gold Royalties (TSXV: ELY; US-OTC: ELYGF) to acquire its Rodeo Creek property, which sits adjacent to Premier's South Arturo open-pit mine, a joint-venture operation in which it owns a 40% stake and Barrick Gold (TSX: ABX; NYSE: ABX) owns 60%.Under the agreement with Ely Gold Royalties, Premier Gold can acquire a 100% stake...Read More
Natural gas ETF UNG is surging to new highsNatural gas prices have been spiking in recent days, as predictions of a colder-than-normal winter exacerbate fears of low supplies. As a result, United States Natural Gas Fund (UNG) is trading up 17.1% today at $38.70 -- earlier hitting a three-year high of $39.87 -- and pacing for its first close above the 36-month moving average in four years. This is...Read More
NEW YORK/LONDON (Reuters) - Bitcoin fell to a more than one-year low on Wednesday, breaching a key support level of $6,000 and causing a wave of selling in the digital currency and other crypto assets in what has been a prolonged market slump that began early this year.Bitcoin fell to as low as $5,533.09 BTC=BTSP on the Bitstamp platform. It was down 9 percent at $5,690.47.“For the last fe...Read More
LONDON (Reuters) - British Prime Minister Theresa May won the backing of her senior ministers for a draft European Union divorce deal on Wednesday, freeing her to tackle the much more perilous struggle of getting parliament to approve the agreement.More than two years after the United Kingdom voted to leave the EU in a referendum, May told reporters outside her Downing Street residence that she ha...Read More
The brokerage firm said "compelling" evidence is needed to convince investorsIt's a volatile day on Wall Street, with the Dow exploring a 466-point trading range on both sides of breakeven so far. Among individual stocks making big moves are racino operator Empire Resorts Inc (NASDAQ:NYNY), utility name PG&E Corporation (NYSE:PCG), and cancer immunotherapies specialist Jounce Therapeutics Inc (NAS...Read More
History suggests both stocks could revisit record highs next weekEarlier this week, Goldman Sachs chimed in on airline stocks and the its top picks throughout the sector. Two names on the list were United Continental Holdings Inc (NASDAQ:UAL) and Delta Air Lines, Inc. (NYSE:DAL), which are also flashing bullish signals ahead of Thanksgiving week. United Continental Has Plenty of Room on the Runw...Read More
• The precious metal struggled to register any meaningful recovery and has been consolidating within a narrow trading range, just above one-month lows, forming a rectangular chart pattern on the 1-hourly chart. • A Rectangle is considered as a continuation pattern that marks a pause/consolidation phase, though is not complete until a breakout h...Read More
KEYS could move after earnings next weekKeysight Technologies Inc (NYSE:KEYS) is scheduled to report earnings after the close on Tuesday, Nov. 20. Below, we will take a look at how KEYS has been fairing on the charts, and see why now may be a good time to bet on the tech name's next leg higher, if history is any indicator. KEYS is up 0.1% at $57.85 in afternoon trading. The stock has been stai...Read More
(Reuters) - U.S. stocks fell on Wednesday, with the S&P 500 dropping for the fifth session in a row, as Apple Inc (AAPL.O) continued to lead a retreat in technology stocks and financials were hit by fears that sector-wide regulations would no longer be eased.Mounting concerns that iPhone sales have hit a wall pushed Apple shares lower for the fifth day in a row. At their session low, shares we...Read More
Gold prices settled higher on Wednesday, marking a modest reversal in selling action that had driven the metal down for seven sessions in the past eight. December gold GCZ8, -0.03% settled at $1,210.10 an ounce, up $8.70, or 0.7%. Tuesday's finish at $1,201.40 was the lowest for a most-active contract since Oct. 10, according to FactSet data. December silver SIZ8, +0.14% tacked on 10.3 cents, o...Read More
BARCELONA (Reuters) - Telecom networks equipment maker Ericsson (ERICb.ST) said on Wednesday security concerns about its Chinese rivals and wider trade tensions had not translated into more orders for the Swedish firm’s products.Chief Executive Borje Ekholm also said his firm was investing in new technology for 5G networks to help boost its market share, particularly in China.“There is...Read More
Golden Ridge Resources (TSX-V: GLDN) has completed its option agreement with Lac Properties Inc. (LAC), a subsidiary of Barrick Gold Corporation, and now has a 100% interest in the Hank project in British Columbia's Golden Triangle District.LAC will continue to hold a 2% NSR on the project as well as certain back-in rights. LAC has the option to purchase a 51% interest in the Hank Project upon a m...Read More
Bernstein pegged "troubling" trends at Pinnacle FoodsBernstein downgraded Conagra Brands Inc (NYSE:CAG) to "underperform" from "market perform," saying growth in frozen entrees "seems to be running out of steam." The brokerage firm also cited "troubling" trends at Pinnacle Foods, which Conagra bought earlier this year. In reaction, CAG stock is down 6.8% at $32.72 -- earlier hitting a new annual l...Read More
Stephanie Landsman| @stephlandsmanPublished 11 Hours AgoUpdated10 Hours AgoCNBC.com show chapters Wells Fargo turns bullish on gold, sees near-term gains 4:47PM ET Tue, 13 Nov 2018 |02:20 With gold trading around one-month lows, the Wells Fargo Investment Institute is getting bullish.John LaForge, the firm's head of real asset strategy, sees gold regaining its luster and deliv...Read More
Stephanie Landsman| @stephlandsmanPublished 11 Hours AgoUpdated10 Hours AgoCNBC.com show chapters Wells Fargo turns bullish on gold, sees near-term gains 4:47PM ET Tue, 13 Nov 2018 |02:20 With gold trading around one-month lows, the Wells Fargo Investment Institute is getting bullish.John LaForge, the firm's head of real asset strategy, sees gold regaining its luster and deliv...Read More