Both gold and silver had a stellar performance today, moving sharply to higher pricing as the net result of both dollar weakness and market participants bidding up these precious metals. As of 3:15 PM Eastern standard time, gold futures are trading up $21.40 (+1.76%), and silver is up 3.38% (+ $ 0.473). Currently, the most active December Comex gold contract is fixed at $1,236.30, and silver futur...Read More
The world's fastest-growing vertically integrated global cannabis company could net investors a huge return in the months to come.The worldwide trend toward marijuana legalization has triggered a wave of growth opportunities for investors around the globe.Beyond the explosive Canadian market - this diversified cannabis operator maintains production, processing, and distribution facilities worldwid...Read More
Oil prices fell to a nearly seven-month low as supply ramped upStocks rallied again today, with the Dow and Nasdaq both notching a third straight triple-digit gain. Upbeat earnings from DowDuPont (DWDP) drove the Dow higher, and traders applauded an encouraging tweet on trade talks with China from President Donald Trump. The S&P also extended its winning streaks to three days, continuing to chip a...Read More
NEW YORK (Reuters) - World equity markets began November with a broad rally on Thursday after a brutal October, boosted by strong corporate earnings and signs that a trade war between economic giants, China and the United States, could be contained.The MSCI All-Country World Index, which tracks stock markets in 47 countries, climbed about 1.1 percent.October was the index’s worst month since...Read More
ADEN (Reuters) - The Saudi-backed Yemeni government said on Thursday it was ready to work on confidence-building measures under U.N.-led peace efforts as the United States pressed for an end to a war that has pushed Yemen to the brink of starvation.Saudi Arabia and the United Arab Emirates, who are leading a coalition fighting Yemen’s Iranian-aligned Houthi insurgents in a conflict that has...Read More
All eyes will be on Fed Chair Jerome Powell and the latest FOMC statement this ThursdayThe first full trading week of November is set to be a lively one for stocks. Earnings season remains in full swing, with quarterly reports due out from the likes of Dow stock Walt Disney Co (NYSE:DIS), online marketplace Etsy Inc. (NASDAQ:ETSY), dating app service Match Group Inc (NASDAQ:MTCH), and a number of...Read More
Amid a lackluster gold market, Central banks' demand for gold remains robust, and overall consumer market demand is up 13%, a World Gold Council report on Q3 demand trends released today has revealed.The World Gold Council found that gold demand reached 964.3 tonnes in Q3, which was 6.2 tonnes higher year-over-year. Central bank buying reached a three year high in September, and emerging marke...Read More
WASHINGTON (Reuters) - The chair of the House Financial Services Committee says he is still hopeful the Senate will vote on a bill that would make it easier for companies to raise capital and go public, despite a growing likelihood the legislation has stalled in the upper chamber.In a statement to Reuters on Thursday, Texas Representative Jeb Hensarling said, without offering a date, he had &ldquo...Read More
(Reuters) - Twenty-First Century Fox Inc (FOXA.O) Executive Chairman Lachlan Murdoch said Thursday it is still an “open question” whether the company will buy back the regional sports networks it sold to entertainment company Walt Disney Co (DIS.N) in July as part of a $71 billion deal.Speaking at the New York Times Co’s (NYT.N) DealBook conference in New York, Murdoch, who will...Read More
(Kitco News) - The U.S. dollar and economic growth can’t keep going up indefinitely and next year will be the time for a slowdown, according to one French bank, which is bullish on gold and silver in 2019.“We are bullish on gold prices, mainly due to our expectations of a weaker dollar in 2019. We think that the weaker currency and macroeconomic environment will be the main driver behi...Read More
Fitbit stock is trading up, tooThe U.S. stock market is higher today on trade optimism. Among individual names making big moves are wearable tech firm Fitbit Inc (NYSE:FIT), Chinese e-commerce name JD.com, Inc. (NASDAQ:JD), and molecular diagnostics specialist Myriad Genetics, Inc. (NASDAQ:MYGN). Here's a quick look at what's moving shares of FIT, JD, and MYGN.Fitbit Earnings Boosted By Smartwatch...Read More
LONDON (Reuters) - British sports minister Tracey Crouch resigned from government on Thursday, the BBC reported, in a row over whether ministers had delayed a proposed implementation of gambling reforms.The government is to cut the maximum stake on fixed-odds betting terminals (FOBTs) from 100 pounds to just two pounds, but not until next October. The move came after ministers opted to try to tack...Read More
Gold appears to be an attractive investment during the next few years.A larger degree corrective rebound is probably unfolding.Another spike below the August 2018 lows seems likely to start a bigger rally.Introduction Gold appears to be an attractive investment during the next few years. Technical analysis and sentiment indicators lead to this conclusion. However, the Elliott wave framework sugges...Read More
(Reuters) - Chuck Wirtz voted for Donald Trump in the 2016 election, inspired by the then-political outsider, but the veteran Iowa hog farmer now has buyer’s remorse as the U.S. Republican president’s trade policy exacts a heavy toll on his business.Wirtz, 56, estimates the tariffs resulting from the U.S. trade war with China and other nations have cost him $200,000 this year and force...Read More
WASHINGTON (Reuters) - Washington ratcheted up pressure on Venezuela’s leftist President Nicolas Maduro on Thursday with new measures aimed at disrupting the South American country’s gold exports, U.S. national security adviser John Bolton said.Bolton promised a tough stance by the Trump administration toward “dictators and despots near our shores” and singled out Venezuela...Read More
BEIJING (Reuters) - Chinese President Xi Jinping hopes China and the United States will be able to promote a steady and healthy relationship, Chinese state media reported on Thursday, as the world’s two largest economies engage in a bitter trade dispute.In a phone call with U.S. President Donald Trump, Xi also said he and Trump hoped to expand bilateral trade cooperation, Xi was quoted as sa...Read More
WASHINGTON (Reuters) - The U.S. Justice Department unveiled an indictment against two companies based in China and Taiwan and three individuals on Thursday, saying they conspired to steal trade secrets from U.S. semiconductor company Micron (MU.O) relating to its research and development of memory storage device products.The charges against Taiwan-based United Microelectronics Corp (2303.TW), Chin...Read More
Short covering could keep the wind at ALK's back, tooThe shares of Alaska Air Group, Inc. (NYSE:ALK) are up 3.6% to trade at $63.63 today, bouncing back after logging a stiff October loss. The regional airliner could be due for an even bigger breakout this month, if past is prologue.On the charts, Alaska Air Group stock gapped lower in early October, eventually turning in a 10.8% loss for the mont...Read More
This story first appeared on www.northernminer.com in September 2018STEWART, BRITISH COLUMBIA - Vancouver-based IDM Mining (TSXV: IDM; US-OTC: IDMMF) is steadily advancing its wholly owned Red Mountain gold project in northwestern British Columbia's Golden Triangle region."We are about to have one of the few shovel-ready mines in Canada, and it's going to do the one thing the mining business...Read More
(Kitco News) - Cryptocurrencies have no place inthe global economy as a legitimate unit of money, this according to JanetYellen, former Chair of the Federal Reserve.“I am not a fan of bitcoin, let metell you why,” Yellen told an audience during a live panel at the 2018 CanadaFinTech Forum in Montreal on Monday.Yellen said that cryptocurrencieslike bitcoin lack the necessary characteris...Read More