Gold stocks Articles

Strike takes shine off Barrick's Loulo-Gounkoto production results

Jan. 22, 2019, 9:06 AM / Cecilia Jamasmie

Full-year production at Barrick Gold's Loulo-Gounkoto mining complex in Mali, which the Canadian miner obtained as part of its merger with Randgold, fell shy of expected targets, mainly as a consequence of a week-long strike at the operation, the company said.The Mali-based operation, one of the pillars of the country's economy since Loulo went into production in 2005, produced 1.29 million gold o...Read More

Tobacco Stock Set to Dip After Downgrade

Jan 22, 2019 9:05 AM / Patrick Martin

MO short sellers have been cashing outThe shares of Altria Group Inc (NYSE:MO) aredown 2.4% in electronic trading, after Morgan Stanley downgraded the tobacco name to "underweight" from "equal-weight," while trimming its price target to $45 from $54. The analyst in coverage lowered their earnings growth forecast, and warned that Altria's business algorithm is at risk from changing demographic tren...Read More

Retail Investor Bear Extreme is Short-Term S&P Bull Signal

Jan 22, 2019 9:01 AM / Todd Salamone

What to expect as the rebound rally carries the S&P 500 Index toward overbought status "...the fact that the S&P 500 Index (SPX) took out its 2018 lows gives more credence to a V-rally...After moving above the February 2018 daily closing low of 2,581 on Wednesday, the SPX didn't make much headway. Profit-taking may have slowed the momentum, as the SPX climbed to the 2,586 area, a round 10% above t...Read More

GLOBAL MARKETS-IMF pessimism + trade tensions = sickly stocks

Tuesday January 22, 2019 7:38 AM / Kitco News

(Adds details on Huawei extradition, graphic, U.S. futures) * European shares follow Asia lower, UBS results disappoint * U.S. futures down after Wall Street was closed on Monday * Brexit plans remain uncertain but UK employment datastrong * IMF downgrades world growth forecasts again * Asian stock markets: By Marc JonesLONDON, Jan 22 (Reuters) - Pessimism about global growthdrove down world share...Read More

METALS-Aluminium hits near one-month high on signs of tighter China supply

Tuesday January 22, 2019 7:08 AM / Kitco News

* China aluminium smelters losing $145/T -Commerzbank * China zinc production 'very weak' -Deutsche Bank * Stocks slump on IMF growth forecasts, China data (Adds closing prices, detail)By Maytaal AngelLONDON, Jan 22 (Reuters) - Aluminium prices hit theirhighest in nearly a month on Tuesday as investors brushed offweaker economic growth in China to focus on signs of fallingproduction.Trading volume...Read More

PRECIOUS-Gold bounces as global growth worries weigh on equities

Tuesday January 22, 2019 6:58 AM / Kitco News

* European shares in the red* Platinum recovers from lowest in nearly three weeks * Palladium slips 1.4 pct (Updates prices, adds comment)By Eileen SorengJan 22 (Reuters) - Gold bounced back on Tuesday frommulti-week lows touched in the previous session as mountingconcerns of an economic slowdown exacerbated by a cut in theInternational Monetary Fund's global growth forecast droveinvestors to the...Read More

Pan American Silver shares slide on 2018 production slightly below targets

Jan. 22, 2019, 6:55 AM / Cecilia Jamasmie

Shares of Pan American Silver (TSX, NASDAQ:PAAS), the miner that recently acquired precious metal miner Tahoe Resources, (TSX:THO) (NYSE:TAHO) creating one of the world's largest silver producers, fell in pre-market trading after it reported full year production was marginally below guidance.The Canadian miner said it had churned out 24.8 million ounces of silver last year, just shy of the 25-26.5...Read More

The New "Disruptor" Tech Ready to Boom

Jan 22, 2019 6:47 AM / Stansberry Research Sponsored

Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More

UPDATE 2-Fresh global growth worries drag on FTSE 100; lift-off for easyJet

Tuesday January 22, 2019 5:44 AM / Kitco News

* FTSE 100 down 1 pct; FTSE 250 down 0.4 pct * UBS results weighs on financials * Oil majors, miners among major blue-chip drags * easyJet climbs to outperform main index * Mid-cap IG Group sinks after trading update * Pets at Home posts best day ever (Adds company news items, analyst comment, updates to closingprices)By Shashwat AwasthiJan 22 (Reuters) - Britain's FTSE 100 posted its worst dayin...Read More

Eldorado Gold counting down to open its first mine in Canada

Jan. 22, 2019, 5:40 AM / Cecilia Jamasmie

Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is getting close to opening its first mine in Canada - the Lamaque project in Val d'Or, Quebec, which it grabbed after acquiring Integra Gold in 2017 and is expected to come online during the first quarter of the year.Delivering full year and last quarter of 2018 results, the Vancouver-based company said pre-commercial production from the operation had al...Read More

Eldorado Gold counting down to open its first mine in Canada

Jan. 22, 2019, 5:40 AM / Cecilia Jamasmie

Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is getting close to opening its first mine in Canada - the Lamaque project in Val d'Or, Quebec, which it grabbed after acquiring Integra Gold in 2017 and is expected to come online during the first quarter of the year.Delivering full year and last quarter of 2018 results, the Vancouver-based company said pre-commercial production from the operation had al...Read More

Gold remains on defensive despite IMF's downward revision of global growth

Jan 22, 2019 02:29 / Omkar Godbole

Gold is under pressure in Asia, having witnessed range breakdown on Jan. 18. The International Monetary Fund (IMF) trimmed global growth forecasts on Monday. Sino-US trade talks are making little progress on key issues. The S&P 500 futures are reporting losses at press time. Even so, the yellow metal is struggling to find bids. Gold is currently trading at $1,278; down 0.37 percent on the da...Read More

Gold firm on fragile risk-sentiment, buoyant dollar caps gains

2019-01-21T20:36:15-0500 / CNBC

Spot gold was up 0.3 percent at $1,283.40 an ounce at 12:48 p.m. ET.Dollar stands near 2-week highs.Palladium below record highs touched last week.Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold held firm on Tuesday, propped by interest from investors seeking refuge from concerns over slowing global growth, while gains for the metal were limited as the dollar held near a multi-we...Read More

Silver To Climb To $20, Outperform Gold In 2019 - TheStreet

January 22, 2019 / Daniela Cambone

While catalysts are in place for gold to rally in 2019, silver will be the outperforming asset next year, said Todd "Bubba" Horwitz of bubbatrading.com. "I think silver will be up near $18 to $20 [an ounce] and I think silver is going significantly higher too and I expect it, in the next couple of years, to close the ratio between gold and silver. I expect silver to be stronger than gold when it...Read More

Why the Economy Is Particularly Vulnerable Right Now - TheStreet

January 22, 2019 / Jacob Sonenshine

Nobody would disagree that the economy is currently in good shape, and nobody would disagree that it's in the best shape it's been in for a long time.  But there's one reason it is particularly susceptible to a shock that could trigger a recession. The economy has grown to close to 5% GDP growth this year, but achieving that growth rate has taken the U.S. a very long time during this painful...Read More

Global Stocks Retreat on IMF Economic Downgrade, China Growth Concerns - TheStreet

January 22, 2019 / Martin Baccardax

Global stocks retreated Monday as investors reacted the weakest growth data from China in nearly thirty years and a downgrade to the world's economic forecast from the IMF. China's National Bureau of Statistics said fourth quarter GDP slowed to 6.4%, taking the full-year advance to 6.4%, down from 6.8% in 2017 and the slowest since 1990. Domestic demand and export growth have both suffered this...Read More

Raw Commodities Reached Cyclical Low; 2019 To See Comeback - TheStreet

January 22, 2019 / Daniela Cambone

Commodities have reached a cyclical low and should be headed for higher prices in the years to come, this according to Jim Wyckoff, senior market analyst for Kitco News. "Raw commodities, in the past year or so, I believe has put in a longer-term cyclical low. That means in the coming years those raw commodity prices are going to work higher," Wyckoff said. Wyckoff said that next year should see...Read More

Global Stocks Mixed as China GDP Slows, Brexit Uncertainty Hangs Over Europe - TheStreet

January 22, 2019 / Martin Baccardax

  Global stocks were mixed Monday as investors reacted the weakest growth data from China in nearly thirty years in favor of a cautious bet that stimulus from Beijing, and a trade deal with Washington, will ignite growth in the world's second largest economy. China's National Bureau of Statistics said fourth quarter GDP slowed to 6.4%, taking the full-year advance to 6.4%, down from 6....Read More

US Earnings Season Off to Solid Start, But 2019 Growth Rate Set to Slow Sharply - TheStreet

January 22, 2019 / Martin Baccardax

U.S. corporate earnings have largely topped analysts' estimates over the first two weeks of the reporting season, according to data from Refinitiv, but slowing revenue growth suggests the fading impact of tax cuts, and the uncertainty surrounding trade talks with China, will clip the collective bottom line of U.S companies over the first half of this year.  Fifty-five S&P 500 companies...Read More

Gold: Is The Correction Over?

January 22, 2019 / Stewart Thomson

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJanuary 22, 2019 Is the price correction in gold already over? Please click here now. Double-click to enlarge.I told investors to prepare for a modest and healthy correction from the $1300 area, and that’s happened. Gold hasn’t even reached the first Fibonacci retracement lin...Read More