This company could give savvy investors a "backdoor" to cash in on the $50 billion marijuana boom.Any investor interested in the opportunities in the marijuana industry need to get involved as soon as possible.Financial experts from all over the world agree: a marijuana boom is coming. To the tune of an estimated $50 billion.Anda little-known Canadian company might have just unlocked the key to pr...Read More
The oversold stock's pullback could be an opportunity for bulls Clearly, the legalization of marijuana in Canada on Oct. 17 was a "sell the news" event, one that pressured Canopy Growth Corp (NYSE:CGC) and its weed-growing peers lower from record highs. However, as Canaccord Genuity analysts noted yesterday, "cannabis stocks are seeing selling volume decrease as they approach important support lev...Read More
MEXICO CITY (Reuters) - Mexico’s economy rebounded in the third quarter, official data showed on Tuesday, helped by stronger industrial output and a jump in services that reflected a surge in consumer confidence in the wake of elections.The economy grew 0.9 percent in seasonally adjusted terms in the third quarter, bouncing back from a 0.2 percent contraction in the previous three-month peri...Read More
(Kitco News) - Gold prices aremodestly down in early-afternoon U.S. trading Tuesday. A strongerU.S. dollar index that scored a new for-the-move high today is weighing on the preciousmetals markets. A rebound in the U.S. stock market so far today is also anegative element for the safe-haven gold and silver markets. December gold futures were last down $2.10 an ounce at $1,225.40. December Comex sil...Read More
(Kitco News) - Gold prices areagain modestly down in early U.S. trading Tuesday. A stronger U.S. dollar indexthat scored a new for-the-move high overnight is weighing on the preciousmetals markets today. Higher U.S. stock indexes to start the trading day arealso a negative for the safe-haven gold and silver markets. December goldfutures were last down $3.40 an ounce at $1,224.20. December Comex si...Read More
Ms. Akiko Levinson reportsIRVING RESOURCES RECEIVES MINING PERMIT AT ITS OMU GOLD-SILVER PROJECT, HOKKAIDO, JAPANIrving Resources Inc. has received approval from the Ministry of Economy, Trade and Industry (METI) of its Omui mine plan covering mining- and exploration-related activities at its Omui mining licence. Omui is part of Irving's 100-per-cent-controlled Omu gold-silver project in Hokkaido,...Read More
WASHINGTON (Reuters) - President Donald Trump said he will seek to limit the right of citizenship for certain children born in the United States in a new bid to dramatically reshape immigration policies that appeared to run afoul of the U.S. Constitution.Seeking to shore up support for Republicans ahead of the congressional elections next week, Trump told the Axios news website he would try to end...Read More
MILAN/AMSTERDAM (Reuters) - Dutch bank ING Groep NV (INGA.AS) plans to sell its remaining Italian real estate leasing portfolio to Goldman Sachs (GS.N) as it continues to cut leasing activities outside its home markets, a document reviewed by Reuters showed.A letter ING sent to unions in Italy said the group expected to sign the deal by early December and close it in the first quarter of next year...Read More
• Resurgent USD demand/positive US bond yields prompted fresh selling. • Signs of stability in equity markets further undermine safe-haven demand. • Traders now eye US consumer confidence index for short-term impetus. Gold kept losing ground through the mid-European session and fell to 1-1/2 week lows in the last hour. The commo...Read More
(Reuters) - For months, Republican U.S. Representative Steve Chabot was running about even with Democratic opponent Aftab Pureval in his traditionally conservative southwest Ohio district.But as the Nov. 6 elections approach, the contest has begun breaking in Chabot’s favor, one of about half a dozen races in conservative-leaning districts where improving Republican odds are stoking speculat...Read More
(Reuters) - Apple Inc (AAPL.O) refreshed some of its lower-profile products at a New York event on Tuesday, adding iPhone features like facial recognition to the iPad Pro and faster processors and better displays to some Mac computers that have not had a major update in years.The Cupertino, California, company introduced new versions of the iPad Pro, its higher-end tablet that competes with Micros...Read More
Coca-Cola and Under Armour are big earnings winners todayStocks are stabilizing after yesterday's volatile session, with the Dow Jones Industrial Average (DJI) up more than 250 points at midday. Earnings season remains a primary driver, with the blue-chip index getting a lift from a positive earnings reactions for Coca-Cola (KO), while Nike (NKE) surges alongside Under Armour (UAA). The S&P 500...Read More
An updated preliminary economic assessment (PEA) of Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland, which was based on 20,000 metres of additional drilling since February, among other work, demonstrates stronger economics than an earlier PEA completed in May.The new PEA estimates the project will produce 2.72 million ounces of gold, an average of 225,100 ounces per year, over a...Read More
An updated preliminary economic assessment (PEA) of Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland, which was based on 20,000 metres of additional drilling since February, among other work, demonstrates stronger economics than an earlier PEA completed in May.The new PEA estimates the project will produce 2.72 million ounces of gold, an average of 225,100 ounces per year, over a...Read More
On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine? Draghi Says That We Shouldn’t Worry Let’s start with the latest ECB’s monetary policy statement and the following Draghi’s press conference. In short,...Read More
Oct 30 (Reuters) - Randgold Resources Ltd said on Tuesday its Loulo-Gounkoto gold mining complex in Mali had stepped up production, with increased grades expected in the third and fourth quarter of the year.Mali is the third biggest producer of gold after South Africa and Ghana, with gold mines operated by multinational companies including Randgold Resources, Anglogold Ashanti , B2Gold and Resolut...Read More
Mr. Blaine Monaghan reportsFREMONT IDENTIFIES POSSIBLE EXTENSION TO THE GOLD BAR MINE NEVADAFremont Gold Ltd. has identified several highly prospective drill targets at the company's Gold Bar project located in Eureka county, Nevada. A recently completed soil sampling program, based on a new structural interpretation, has identified coincident gold and mercury geochemical anomalies, and suggests t...Read More
The casino name has been one of the biggest underperformers in NovemberThe shares of Wynn Resorts Ltd. (NASDAQ:WYNN) have taken a beating in October, down 26% so far to trade at $93.32. This would mark the casino stock's worst month since September 2015. The selling could be far from exhausted on WYNN stock, though, if history is any guide.According to Schaeffer's Senior Quantitative Analyst Rocky...Read More
Gold witnessed only moderate upward pressure despite the recent equity rout.Speculators slightly lifted net long positions in Comex gold in the week to October 23, the CFTC shows.ETF investors bought just a small quantity of gold last week, according to Fastmarkets.For now, investors are not overly worried about the "technical" sell-off in US equities. As such, the dollar acts as the ideal safe-ha...Read More
NEW YORK, Oct 30 (Reuters) - Yields on U.S. Treasury bonds rose modestly on Tuesday as equities recovered from Monday’s sell-off after President Donald Trump said he believed “a great deal” on trade can be struck with China, but warned new tariffs were ready if talks fail.Treasury prices fell as risk appetite increased, with U.S. stocks up slightly in mid-morning after a mixed op...Read More