(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reversed to a lossin the third quarter as production and gold prices fell, the company reportedlate Wednesday.Excluding special items, the company listed an adjusted netloss of $48.4 million,or 4 cents per share, a turnaround from adjusted net earnings of $84.1 million,or 7 cents, in the same period a year ago.The net losswas $104.4 million, or...Read More
Mr. David Wolfin reportsAVINO REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS Avino Silver & Gold Mines Ltd. has released the consolidated financial results for the company's third quarter ended Sept. 30, 2018. The financial statements and the Management Discussion and Analysis (MD&A) can be viewed on the Company's web site, on SEDAR and on EDGAR."During the third quarter of this year, the Co...Read More
Mr. Brett Heath reportsMETALLA CLOSES SANTA GERTRUDIS ROYALTY ACQUISITIONMetalla Royalty and Streaming Ltd. has closed its previously announced acquisition of a 2-per-cent net smelter return (NSR) royalty on the Santa Gertrudis gold property located north of Hermosillo in Sonora, Mexico, from GoGold Resources Inc. (as disclosed in a news release dated Sept. 5, 2018) for $12-million (U.S.).Brett He...Read More
Investorsand market participants seem unfazed while bidding the U.S. equities upsubstantially following the midterm elections which resulted in the DemocraticParty now controlling the House of Representatives. Although the Senate remainsfirmly in control by the Republicans, yesterday's election gave Democrats the needed majority to control the House ofRepresentatives.With one hour left in trading,...Read More
This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More
Stocks reacted as the Democrats took back control of the House of RepresentativesThe Dow ended more than 500 points higher today, as stocks reacted to U.S. midterm elections. Several sectors popped on favorable results, with UnitedHealth (UNH) leading insurers after three states voted to expand Medicaid programs, and many energy stocks gaining ground on a key vote in Colorado, even as oil prices f...Read More
Sarah N. LynchWASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions was fired on Wednesday after unrelenting criticism from President Donald Trump over his recusal from an investigation into Russia’s role in the 2016 presidential race.Sessions’ departure was widely expected to come soon after Tuesday’s congressional elections in which Republicans retained their majority in t...Read More
Consumer attitudes toward both buying and selling homes dropped, with the former falling the most of all the six survey components, a sizable 5 percentage points. It tied its second lowest reading in the survey's history.Fewer consumers now expect home prices to rise, echoing other surveys that have shown a drop in the number of people who think owning a home is currently a good investment.Fewer c...Read More
Options volume for both NBL and WES is ramped up todayEnergy stocks are enjoying sector tailwinds thanks to the midterm elections, after Colorado voters rejected a ballot initiative to impose tougher drilling measures. The bill would have called for greater distances between drilling projects and public spaces, which would have severely impacted oil and gas development. Two individual names moving...Read More
Three U.S. states voted to expand the healthcare program for low-income peopleThe stock market is soaring today as Wall Street digests the results of the U.S. midterm elections. Among individual names making big moves are insurance giant UnitedHealth Group Inc (NYSE:UNH), chipmaker Micron Technology, Inc. (NASDAQ:MU), and biopharmaceutical firm MiMedx Group Inc (NASDAQ:MDXG). Here's a quick look a...Read More
The buyout of Acacia Mining's minority shareholders by the new, larger Barrick Gold is one option, said Mark Bristow, CEO of Randgold Resources. Toronto-based Barrick, which owns about 64% of Acacia, and Randgold are merging in a $7.9 billion share deal that will see Barrick gain control over one of its fiercest competitors.Barrick shareholders have given a big thumbs up to the merger with Randgol...Read More
Toronto-based Barkerville Gold Mines has released the drilling results from the ongoing Cow Mountain program at its flagship Cariboo gold project near the town of Wells. The company says the results demonstrate the continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge.The results trace mineralized vein corridors at Cow Mountain extending the hig...Read More
Gold futures posted their first climb in four sessions on Wednesday, buoyed by a weaker dollar in the wake of midterm elections that will leave the U.S. with a divided Congress. "I view the results as supportive of a lower dollar and higher gold prices because the only thing that comes out of a gridlocked Congress is higher spending," Brien Lundin, editor of Gold Newsletter, told MarketWatch. "T...Read More
PLNT shares are making a double-digit percentage move Planet Fitness Inc (NYSE:PLNT) is trading up 17.1% at $55.63 after the company's third-quarter earnings and revenue beat, on top of a better-than-expected full-year outlook. Revenue for the period jumped 40% year-over-year, and the impressive results have earned the stock a round of bullish analyst attention. For example, at least three price-t...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Cowen is expecting a strong holiday season for TGTTarget Corporation (NYSE:TGT) is up 0.9% today $86.32, following an upgrade to "outperform" from "market perform" at Cowen, which also boosted its price target to $100 from $90. The brokerage firm likes Target's new digital strategy, and is bullish on the company's potential holiday sales. Taking a broader view, most other analysts remain skeptical...Read More
(Kitco News) - Gold and silver prices are slightly higher, but well down from earlier daily highs, in early-afternoon U.S. trading Wednesday. The metals were lifted by a drop in the U.S. dollar index today. December gold futures were last up $2.40 an ounce at $1,228.70. December Comex silver was last up $0.08 at $14.58 an ounce.Tuesday’s U.S. mid-term elections turned out as many had expecte...Read More
Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More
OTTAWA (Reuters) - Canada has no particular concerns over the fate of a new continental trade deal after U.S. elections that gave Democrats control of the House of Representatives, a senior official said on Wednesday.Some U.S. commentators are already predicting the U.S.-Mexico-Canada (USMCA) pact - agreed in late September - could face problems when the new House convenes in January, given skepti...Read More
WASHINGTON (Reuters) - “Expand the battlefield.”The Democrats’ mantra for seizing control of the U.S. House of Representatives took shape within weeks of President Donald Trump’s stunning 2016 White House victory.Democratic strategists wanted to go beyond the traditional strategy of flipping Republican seats in swing districts. Now, they would also compete in more conservat...Read More