Mr. Paul Reynolds reportsTRIUMPH GOLD ANNOUNCES RESULTS FROM EXPLORATION DRILLING IN THE GRANGER AND GUDER ZONESTriumph Gold Corp. has released the results of exploration drilling in the Granger and Guder zones on its 100-per-cent-owned, road-accessible Freegold Mountain property in Yukon. The Granger and Guder zonesare located in the central portion of a six-kilometre-long multielement soil anoma...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS ITS DISTRICT-WIDE LAND PACKAGE BY 15 SQ. KM, ADDING SEVERAL NEW TARGET AREAS, BULLFROG DISTRICT, NEVADA Corvus Gold Inc. has expanded its district-wide land package by approximately 14 per cent and now controls 100 per cent of 123.1 square kilometres in the Bullfrog mining district. The new 15.2-square-kilometre land package was staked as open ground...Read More
(Reuters) - Federal authorities were investigating suspicious packages sent to former U.S. President Barack Obama and former Democratic presidential candidate Hillary Clinton, the U.S. Secret Service said on Wednesday.The package to Clinton was found late Tuesday while another package addressed to Obama was found early Wednesday, both during routine mail screenings, the Secret Service said. Both O...Read More
BloombergEmployees prepare fabric for clothing at the 9B Apparel manufacturing facility in Los Angeles. The numbers: The flash reading of IHS Markit's manufacturing purchasing managers index rose to a five-month high of 55.9 in October from 55.6, while the flash services PMI rose to a two-month high of 54.7 from 53.5 in September. Any reading above 50 indicates improving conditions. A flash readi...Read More
(Reuters) - Global tech stocks have lost about $1 trillion or 9 percent of market value this month, Refinitiv data showed, hurt by worries over slowing global demand, valuations and trade tensions between the United States and China.The losses were also exacerbated by a rise in U.S. yields, which shot up to a near 7-1/2 year high this month and prompted investors to leave risky sectors and move in...Read More
(Kitco News)- Gold prices are off their lows but remain down on the day following further weaknessin the housing sector as fewer consumers bought new homes last month.Wednesday,the U.S. Commerce Department said that new home sales dropped 5.5% inSeptember, to a seasonally adjusted annualized rate of 553,000 homes, down fromAugust's downward revised rate of 585,000. According to consensus fore...Read More
(Kitco News) - The Bank of Canada (BoC) raised its key interest rate to 1.75% on Wednesday, hiking rates for the third time this year. Gold priced in Canadian dollars tumbled down immediately following the news, last trading at C$1,599.45 an ounce, down 0.60% on the day, according to Kitco’s Gold-Currency charts. The interest rate hike was widely expected by the markets and marks the fifth t...Read More
Earnings are less than a week away3D Systems Corporation (NYSE:DDD) is trading up 4.3% at $17.40 this morning, after Piper Jaffray upgraded the stock to "neutral" from "underweight" and lifted its price target to $17 from $14. The brokerage firm cited the company's recent partnership with Align Technology (ALGN) as a source of future growth, along with the launch of DDD's Figure 4 platform. Before...Read More
TEL AVIV (Reuters) - Network security provider Check Point Software Technologies reported quarterly net profit that beat expectations and said it has acquired Israel’s Dome9 to strengthen its position in cloud security.Founded in 2011, Dome9 enables security and compliance for rapid public cloud adoption.Full financial details of the acquisition were not disclosed, but Israel-based Check Poi...Read More
(Kitco News)- Not only is gold in the midst of a digital revolution butthe marketplace will see a significant advancement in transparency.Fin-tech start up, Tradewind Markets has announced a newaddition to its digital gold and silver exchange, Vaultchain Gold. The platformwill now include a provenance application, which will allow traders andinvestors to see where their gold came from and how it w...Read More
(Kitco News)- Goldprices were largely unchanged seeing modest selling pressure followingstronger-than-expected preliminary data for the U.S. manufacturing and servicesectorTheflash U.S. manufacturing Purchasing Managers Index for October rose to areading of 55.9, up from September's reading of 55.6, research firm IHS Markitsaid in its latest report. Economists were expecting a modest decline to 55...Read More
(Kitco News)- Palladium prices hit a recordhigh this week and widened the premium over sister metal platinum, whichultimately could encourage automakers to switch to platinum for auto catalysts,analysts report.“In a year that’s seen losses formost other commodities, the rally in palladium has been exceptional,” saidcommodities brokerage SP Angel. “It’s the one major m...Read More
BERLIN (Reuters) - Germany supports the European Commission’s demand that Italy improve its budget draft, German government spokesman Steffen Seibert said on Wednesday.The European Commission had rejected Italy’s draft 2019 budget on Tuesday, saying it brazenly broke EU rules on public spending, and asked Rome to submit a new one within three weeks or face disciplinary action.“Th...Read More
JBLU has wildly underperformed in 2018JetBlue Airways Corporation (NASDAQ:JBLU) is 2% lower in electronic trading, after the stock received two price-target cuts overnight. The bear notes come roughly 24 hours after the company reported a drop in third-quarter profit -- though the results still beat the consensus estimate -- with Stifel and Imperial Capital lowering their respective price targets...Read More
Newcrest Mining Ltd, Australia's largest independent gold miner, said on Wednesday that gold production rose 5 percent in the first quarter from the year-ago period, led by a sharp increase at its flagship Cadia mine.Production rose to 548,351 ounces for the quarter ended Sept. 30 from 522,917 ounces a year ago. This was less than the UBS forecast of 619,000 ounces, and below the 634,950 ounces in...Read More
RNC Minerals (TSX: RNX) announced a record quarterly gold production of 31,360 mined gold ounces in the third quarter of 2018.According to the Toronto-based company, such production represents a 199% increase when compared to the third quarter of 2017 and a 135% increase when compared to the second quarter of 2018.The Toronto-based miner also reported that gold production for the first nine months...Read More
RNC Minerals (TSX: RNX) announced a record quarterly gold production of 31,360 mined gold ounces in the third quarter of 2018.According to the Toronto-based company, such production represents a 199% increase when compared to the third quarter of 2017 and a 135% increase when compared to the second quarter of 2018.The Toronto-based miner also reported that gold production for the first nine months...Read More
S&P and Nasdaq-100 futures are in the red, howeverDow Jones Industrial Average (DJI) futures are trading above fair value this morning, overcoming earlier weakness to now signal a nearly triple-digit jump at the open for the index. It's another huge day of Dow earnings, with Boeing (BA) setting the tone with an impressive quarterly report that has the shares ready to rally at the open. There will...Read More
BEIJING (Reuters) - Sinopec Group and China National Petroleum Corp (CNPC), the country’s top state-owned refiners, have not made any nominations to load Iranian oil for November because of concerns they would be violating U.S. sanctions, two persons with direct knowledge of the matter said.Washington is set to re-impose sanctions on oil exports from Iran on Nov. 4 to force Tehran to halt it...Read More
Boeing shares had been in a ugly slump heading into todayThe shares of Boeing Co (NYSE:BA) are up 4.2% ahead of the bell, after the Dow name posted an impressive third-quarter earnings beat. The aerospace and industrial giant reported adjusted quarterly profit of $3.58 per share, exceeding the average analyst estimate of $3.47. Boeing also upped its fiscal-year revenue and profit forecasts. Boe...Read More