Mr. Derek White reportsASCOT DRILLING AT UNICORN INTERSECTS MORE HIGH-GRADE GOLDAscot Resources Ltd.'s diamond drilling at the Unicorn area near the Big Missouri ridge has intercepted high-grade gold mineralization. The 2018 drill program is now complete and results are being integrated into a resource update for the entire property including Premier/Northern Lights and all parts of the Big Misso...Read More
WASHINGTON (Reuters) - New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market conditions tightened further.Other data on Thursday showed worker productivity slowing in the third quarter, but still growing at a relatively decent clip and compensation surging, adding to recent reports and anecdotal...Read More
SAN FRANCISCO/DUBLIN (Reuters) - Over 1,000 Google employees and contractors in Asia and Europe staged brief midday walkouts on Thursday, with more expected to follow at offices worldwide, amid complaints of sexism, racism and unchecked executive power in their workplace.In a statement late on Wednesday, the organizers called on Google parent Alphabet Inc (GOOGL.O) to add an employee representativ...Read More
The streaming stock just wrapped up its worst month on recordWedbush upgraded Roku Inc (NASDAQ:ROKU) stock to "outperform" from "neutral," saying the streaming name has positioned itself as "the best in class option for over-the-top advertising." However, in the wake of the equity's sharp October loss, the brokerage firm cut its ROKU price target to $65 from $73, though this is still a 17% premium...Read More
NEW YORK (Reuters) - U.S. online spending during the holiday shopping season is likely to grow 14.8 percent this year to $124.1 billion, far outpacing the 2.7 percent growth predicted for brick-and-mortar locations and highlighting the ongoing switch from stores to web shopping.The forecast was released on Thursday by Adobe Analytics, the web analytics arm of Adobe Systems Inc. The company measure...Read More
DowDuPont is powering the DJI today after an earnings beatFutures on the Dow Jones Industrial Average (DJI) are on the rise once more, on track for their third straight gain, as stocks try to put steep October losses in the rear-view mirror. Blue chip DowDuPont (DDP) is an early morning earnings winner, while investors eagerly await the quarterly report from Apple (AAPL) after the close today. The...Read More
(Kitco News) - Gold demand was largely unchanged in the third quarter of the year, as massive gold-backed exchange-traded-fund (ETF) outflows were offset by consumers taking advantage of lower gold prices, the World Gold Council (WGC) said in its Gold Demand Trends report.Total global gold demand was 964.3 tonnes in Q3, just 6.2 tonnes higher on an annual basis, the WGC said on Thursday.The Counci...Read More
LONDON (Reuters) - Oil fell on Thursday, on course for its fourth consecutive week of decline, as rising crude supply met the bearish combination of concern over global growth and weak equity markets.Russia is pumping oil at a post-Soviet high, U.S. crude output has topped 11 million barrels a day and a Reuters survey of OPEC production shows the group more than made up for any declines in Iranian...Read More
(Reuters) - U.S. health insurer Cigna Corp (CI.N) beat analysts’ estimates for quarterly profit and raised its full-year earnings forecast on Thursday, as it kept a tight lid on costs of the services provided under its health plans.Cigna is looking to close its $52 billion acquisition of Express Scripts and hopes that the deal will lower client expenses and cushion the impact of increases in...Read More
Gold moved higher this month in response to the stock market.Now that the stock market 'fear-trade' has subsided, gold will return to its normal correlations.Rates, the dollar and inflation expectations are all working against the gold price. Gold is a reactive market, not a leading one. It reacts to, among other things, the sentiment generated by the much larger debt market, currency mark...Read More
Streaming and royalty company Royal Gold, Inc. (Nasdaq:RGLD) reports that revenue fell 11.1% year-on-year to $100 million in itsfiscal quarter, as volume of 82,400gold-equivalent ounces was down by 6.4%. Lower gold and copper prices alsoplayed a role. This left the company with net incomeof $15 million, or 23 cents per share, compared to $28.6 million, or 44 cents,in the year-ago period. The...Read More
(Reuters) - Canada's Encana Corp said on Thursday it would buy Newfield Exploration Co for $5.5 billion, for greater access to North America's biggest oil patches and making it one of the largest shale oil producers in the region.As part of the all-stock deal, Encana will get greater access to the Anadarko basin as well as the Permian and Montney areas.Encana is focusing on high-margin, liquids-ri...Read More
HONG KONG(Reuters) - The economic impact of the intensifying trade war between Washington and Beijing appeared to deepen last month with factory activity and export orders weakening across Asia, but analysts warned the worst was yet to come.In a sign conditions for exporters and factories were deteriorating, manufacturing surveys showed marginal growth in China, a slowdown in South Korea and Indon...Read More
(Kitco News) - Gold prices remained near daily highs as the U.S. Labor Department showed that the initial weekly jobless claims declined to 214,000 in the week to Saturday.Market consensus called for initial claims to fall to 213,000 from the revised level of 216,000 reported in the previous week. The December Comex gold futures were not impacted by the data, with prices continuing to trade near d...Read More
Gold spot ($) Key resistance at 1219.00. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1219.00 Our preferenceShort positions below 1219.00 with targets at 1214.50 & 1212.00 in extension. Alternative scenario Above 1219.00 look for further upside with 1223.50 & 1226.50 as targets. CommentAs Long as the resistance at 1219.00 is not surpassed,...Read More
(Kitco News) - Gold pricesare posting good gains in early U.S. trading Thursday. Traders stepped in tobuy the dip in gold prices on some perceived bargain hunting and by some shortcovering from the futures traders. Also, precious metals are seeing buyinginterest as the U.S. dollar index is posting sharp losses today, on acorrective pullback from recent gains that pushed the index to a 16-month hig...Read More
(Kitco News) - CoeurMining, Inc. (NYSE: CDE) posted a loss in the third quarter on lower metalsprices and a dip in production due to temporary factors at two mines, thecompany said late Wednesday.Coeurlisted a net loss from continuing operations of $53 million, or 29 cents pershare, compared to a loss of $11.7 million, or 7 cents, in the same period of2017. The July-September results included a $3...Read More
9.9 Metres Grading 3,212 gpt AgEq3.5 Metres Grading 4,570 gpt AgEq11.1 Metres Grading 879 gpt AgEqVancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce further Phase III drill results for the Las Chispas Property (the "Property") located in Sonora, Mex...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD, PRELIMINARY ECONOMIC ASSESSMENT RESULTS FOR COMBINED NORTH BULLFROG AND MOTHER LODE DEPOSITS, NEVADACorvus Gold Inc. has provided its results for its initial preliminary economic assessment (PEA) combining the North Bullfrog-Mother Lode projects in southwest Nevada. Results outline a large new Nevada mining project with attractive preliminary production stat...Read More
* Rakuten rises after report co and KDDI will team up on mobile payment* NTT Docomo drags down KDDI, SoftBank* Zozo sinks after it abandons Zozo suit* Panasonic, Yamaha Motor among Thursday losersBy Ayai TomisawaTOKYO, Nov 1 (Reuters) - Japan's Nikkei fell on Thursday, pulled down by large cap mobile phone companies after NTT Docomo said lower service fees will start hitting its earnings next year...Read More