Marlin Gold Mining (TSX-V: MLN) issued a media statement today saying that as a result of heavy rainfall caused by Hurricane Willa, which made landfall on Mexico's Pacific coast as a Category 3 on Oct. 23, a significant amount of water has accumulated inside one of the pits at its La Trinidad gold mine located in the northwestern state of Sinaloa, 42 kms southeast of Rosario.Marlin Gold explained...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Lupaka Gold (TSXV: LPK) denounced today that operations its Invicta Gold Development Project, which is located some 120 kilometres north of the Peruvian capital, have been impacted by an ongoing demonstration organized by a group of residents of the nearby community of Paran.According to the Canadian miner, the protesters have blockaded the access road directly outside of the main gate of the mine...Read More
Meet the innovative company crushing the competition.Nothing's hotter than this stock right now.Professional sports franchises and celebrities across the globe are pumped about it. Even Justin Bieber and his group are excited. The next wave of giant sportswear companies is going to be based on this new "tech" apparel industry and its potential to reshape both the apparel and technological landscap...Read More
* LME copper stocks at lowest in nearly 13 years * Global equities head for worst week in more than 5 years * Nickel hits lowest since Dec, aluminium lowest since lastAugust (Adds closing prices, details)By Maytaal AngelLONDON, Oct 26 (Reuters) - Copper fell 1 percent on Fridayas global equities headed for their worst week in more than fiveyears, overshadowing a supply shortage of the metal buildi...Read More
* Robust GDP could send dollar higher * Euro under pressure after ECB's Draghi fails to boostconfidence * Australian dollar hits a near 33-month low * Yen strengthens as investors seek safety from equitylosses * Graphic: World FX rates in 2018 (Adds detail on safe-havens, updates prices)By Tom FinnLONDON, Oct 26 (Reuters) - The dollar rose to a 10-week highon Friday as investors waited to see if U...Read More
* Stocks set for worst losing streak since 2013 * U.S. Q3 economic growth slows less than expected * Palladium slips off record highs hit on Tuesday (Updates prices, adds comments, details)By Swati VermaBENGALURU, Oct 26 (Reuters) - Gold prices rose on Fridaytowards the three-month highs hit earlier this week as nervousinvestors retreated from stock markets and piled into theprecious metal seen as...Read More
Trump may be facing an uphill battle he can't win in 2020.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tariffs in total...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday it had concluded a proposed deal with Canada's Regulus Resources (TSX-V: REG), and its newly formed subsidiary Aldebaran Resources, to jointly unlock value at the Altar copper-gold project, in Argentina.The precious metal miner said it benefitted from the transaction by obtaining upfront proceeds of $15 million while retaining a d...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday it had concluded a proposed deal with Canada's Regulus Resources (TSX-V: REG), and its newly formed subsidiary Aldebaran Resources, to jointly unlock value at the Altar copper-gold project, in Argentina.The precious metal miner said it benefitted from the transaction by obtaining upfront proceeds of $15 million while retaining a d...Read More
(Adds detail)FRANKFURT, Oct 26 (Reuters) - Euro zone prices are expectedto continue growing at 1.7 percent per year until 2020 despiteweaker underlying inflation and economic growth, a EuropeanCentral Bank survey showed on Friday.The ECB confirmed a day earlier plans to wind down its 2.6trillion euro ($2.96 trillion) stimulus programme at the end ofthis year and raise interest rates sometime after...Read More
Christopher Lewis20 hours agoSilver markets have calm down a bit after rallying significantly from the $14 level, and it now looks as if we are probably going to see a bit of sideways action in the short term as the EMA is flattening. If we can break above the $15 level, then the market could go to the $15.50 level, but I think it’s going to take a bit of US dollar weakness, something that...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is strengthening its footprint outside Greece, where it has faced ongoing hurdles to advance two major gold projects, by investing $520 million in a mill at its K????lada?? gold mine in Turkey.The project would make of K????lada?? a nine-year, 270,000-ounce-per-annum mine. Currently, it's a heap leach operation, but Eldorado ran into major recovery troub...Read More
* Japan life insurers' preference for foreign bonds intact * But higher FX hedging costs suppress interest towardsTreasuries * Demand for JGBs still low, but bump up in yields stirsinterest * For individual reports on each insurer, click* Table of the insurers' investment plansBy Shinichi SaoshiroTOKYO, Oct 26 (Reuters) - Japanese life insurers are poisedto buy more foreign bonds in the second hal...Read More
Oct 26 (Reuters) - Glencore Plc on Friday reporteda 12 percent rise in copper production so far this year, whilecobalt production rose 44 percent, boosted by the restart ofKatanga's processing operations in the Democratic Republic ofCongo. The London-listed miner and commodities trader, whichposted record half-year earnings in August, said then it hadbeen facing higher costs and weak prices for co...Read More
TRONDHEIM, Norway, Oct 26 (Reuters) - Norway's central bankwill maintain its policy of gradual monetary policy tightening,it said on Friday."The outlook and balance of risks imply a gradual increasein the key policy rate," Governor Oeystein Olsen told a businessconference.On Thursday the board of Norges Bank kept rates unchanged at0.75 percent and said a hike would likely take place in t...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Gold rose on Friday to a more than three-month peak as investors rushed to the safety of bullion as stock markets around the globe plunged, putting the metal on track for its fourth week of gains.Spot gold rose 0.2 percent to $1,234.35 an ounce, having earlier gained nearly 1 percent to $1,243.32, its highest since mid-July.U.S. gold futures settled...Read More
SHANGHAI, Oct 26 (Reuters) - China's yuan hit a fresh22-month low against the dollar on Friday, as aweaker-than-expected central bank fixing ramped up market viewsthat authorities would allow larger declines in the currency.The move lower follows broad dollar strength as the eurofell after the European Central Bank failed to convince marketsthat its rates would rise, while expectations of gradual...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rebounded Thursday after plunging more than 600 points in the previous session and wiping out its gains for the year. The Nasdaq's fall on Wednesday pushed it into correction territory.Tesla Inc. (TSLA) jumped 7.6% on Thursday after surprising Wall Street with a profit in its third quarter.Micros...Read More
The Thursday Market Minute Global stocks were a sea of red overnight, with the broadest Asia benchmark falling more than 2% to within touching distance of bear market territory and the Nikkei 225 slumping to a six-month low after last night's Wall Street meltdown.European stocks open with heavy selling, but a busy earnings slate provides some support ahead of today's European Central Bank meetin...Read More