ARNA and MRNS stocks are trading sharply higher todayThe Dow is set for a nice win today, thanks in part to rising oil prices. Three stocks making notable moves are drugmakers Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Marinus Pharmaceuticals Inc (NASDAQ:MRNS), and Proteostasis Therapeutics Inc (NASDAQ:PTI). Let's take a closer look at what's moving shares of ARNA, MRNS, and PTI.Trial Results Driv...Read More
The gold price is up just 1% year to date in 2018 and has advanced 5.5% from the December 2017 low. There are some bullish signs from the chart, including a number of higher highs and higher lows following the late 2015 bottom at $1,045. But it certainly hasn't been the powerful breakout the gold bugs have been hoping to see.The late 2017 spike above the resistance trend line was also bullish, but...Read More
A YouTuber has been convicted by a court in the UK for making a "grossly offensive" video in which he trained his dog to do a Nazi salute Continue...Read More
German government figures and steel companies are looking for a quick resolution to the concerns cerated by the impending United States import tariffs on European steel. "We have agreed that very intensive talks between the EU and [the US] are needed this week to avoid a trade conflict that could damage the vital interests of both sides," Peter Altmaier, Germany's economy minister, said on Monday...Read More
Dear Friend of GATA and Gold:Thanks to Keith Weiner of Monetary Metals for at least attempting a reply to your secretary/treasurer's recent commentary --http://gata.org/node/18105-- disputing his assertion that central banks don't care about gold and aren't manipulating its price. But in his new commentary, "Standing Ready to Lease Gold," posted at GoldSeek here --http://news.goldseek.com/GoldSe...Read More
BRUSSELS (Reuters) - Euro zone consumer confidence was unchanged in March, figures released on Tuesday showed.The European Commission said a flash estimate showed euro zone consumer morale was 0.1 points, the same as in February. Economists polled by Reuters had on average expected a figure of 0.0.In the European Union as a whole, sentiment was also unchanged, at -0.3 points.Uncertainty about poss...Read More
CloseGain/LossGold $1310.40-$6.40Silver$16.20-$0.13XAU78.13-0.68%HUI169.21-1.11%GDM594.85-0.78%JSE Gold1066.77+5.10USD90.41+0.54Euro122.46-0.92Yen94.08-0.15Oil$63.40+$1.3410-Year2.887%+0.035T-Bond144.8125-0.71875Dow24727.27+0.47%Nasdaq7364.30+0.27%S&P2716.94+0.15% The Metals: Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but i...Read More
Sentiment is now completely disconnected from reality.Currently, sentiment suggests that stocks are in a raging bull market and will never fall. This sentiment is based on the fact that much of last year (2017) the US stock markets rose virtually non-stop.However, that era is now OVER. And globally the markets are moving into "risk-off" mode.Don't believe me?Consider that most global markets are i...Read More
CloseGain/LossGold $1310.40-$6.40Silver$16.20-$0.13XAU78.13-0.68%HUI169.21-1.11%GDM594.85-0.78%JSE Gold1066.77+5.10USD90.41+0.54Euro122.46-0.92Yen94.08-0.15Oil$63.40+$1.3410-Year2.887%+0.035T-Bond144.8125-0.71875Dow24727.27+0.47%Nasdaq7364.30+0.27%S&P2716.94+0.15% The Metals: Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but i...Read More
ZURICH (Reuters) - Switzerland's highest court has upheld the seizure of $1.85 million in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto mining project, a ruling showed.The Swiss Office of the Attorney General (OAG) also confirmed it has an ongoing criminal investigation in which prosecutors contend on...Read More
Peter Ginelli writes: Lately we have been seeing the term “stagflation” used in many headlines, by many respected analysts as well as the former and longest serving Federal Reserve Chairman Alan Greenspan in recent months. Here are just a few samples headlines:“Alan Greenspan says there are bubbles in both stocks and bonds” By Tae Kim, January 31, 2018, CNBC“Stagflati...Read More
Call buying has been popular on FedEx stock in recent weeksFedEx Corporation (NYSE:FDX) is all over the news today after a package exploded at the San Antonio FedEx facility, possibly in connection with other serial bombings in Austin, Texas. In addition, the company announced it will add 500 new locations in Walmart stores over the next two years. In addition to this flurry of news, FedEx is als...Read More
Washington's gratuitous raising of tensions with Russia that we have been witnessing for many years is so reckless and irresponsible that we need some relief Continue...Read More
The FOMC members will gather today for a two-day meeting. It will be the most important event this week, since Powell will chair the meeting for the first time. Gold investors want to get to know him better as the uncertainty makes them a bit nervous. What should we expect from the new Fed Chair?First FOMC meeting under Powell as ChairDo you remember your first bike ride? Or the first date - and k...Read More
VANCOUVER, BRITISH COLUMBIA / March 20, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce the Company has been nominated in two categories as a finalist for the S&P Global Platts Metal Awards. MGX has been chosen as a finalist for the Base and Specialty Metals Industry Leadership Award as well as the Breakthrough Solution of the Year Awar...Read More
The major long-term driver of the gold price is confidence in the official money and in the institutions (governments, central banks and private banks) that create/promote/sponsor the official money. As far as long-term investors are concerned the gold story is therefore a simple one: gold will be in a bull market when confidence in the financial establishment (money, banks and government) is in...Read More
By Ira EpsteinGold is flirting with downside breakout.https://www.iraepstein.com/ Read More
NEW DELHI (Reuters) - Nearly 50 countries expressed concern on Tuesday about the “serious threat” to the World Trade Organisation posed by unilateral trade actions, a pointed reference to U.S. import tariffs that have caused a global outcry.Delivering concluding remarks after a two-day informal meeting of the WTO members in New Delhi, Indian Trade Minister Suresh Prabhu did not refer t...Read More
Sentiment is now completely disconnected from reality.Currently, sentiment suggests that stocks are in a raging bull market and will never fall. This sentiment is based on the fact that much of last year (2017) the US stock markets rose virtually non-stop.However, that era is now OVER. And globally the markets are moving into "risk-off" mode.Don't believe me?Consider that most global markets are i...Read More
ABIDJAN, March 19 (Reuters) - Renewable energy company Total Eren said on Monday it had opened the world's largest solar-thermal hybrid plant in Burkina Faso, the first of what it hopes will be many projects supplying the African mining industry's growing need for power.Total Eren and Africa-focused independent power producer AEMP inaugurated Essakane Solar over the weekend, adding 15 megawatts (M...Read More