WASHINGTON (Reuters) - Republican leaders in the U.S. Congress stepped up their efforts to pass a temporary extension in funding and prevent the federal government from shutting down, scheduling a vote on the measure for later on Thursday.For months, the Republican-controlled Congress has been struggling to fund the government, which is now operating on its third temporary funding extension since...Read More
Chile's environmental authority - SMA - has ordered the definitive closure of Barrick Gold's (TSX, NYSE:ABX) already halted Pascua-Lama project, but lowered the fine for violations to 7 billion pesos ($11.5 million) from the previous $16 million it had charged the company."Given the nature and the size of the breaches that the company committed, there is the conviction that total and definitive...Read More
Rio Tinto-controlled Turquoise Hill (TSX, NYSE:TRQ) has declared force majeure at its massive Oyu Tolgoi copper and gold mine in Mongolia, following protests by Chinese coal haulers that have interrupted shipments near the border.In a note released Wednesday night, the Vancouver-based miner said that earlier this month protestors used a large number of vehicles to block the main access road...Read More
Stock markets are at an all-time high despite overstretched valuations, but one best-selling author sees more upside in equities. Paul Mladjenovic, author of "Stock Investing For Dummies" and "Precious Metals Investing For Dummies," told Kitco News that recent political reforms in the U.S. could still create tailwinds for stocks. "I'm generally bullish on the stock market," Mladjenovic said, "es...Read More
Fiat money will lose its significance to gold and cryptocurrencies in the next twenty years, said Robert Kiyosaki, bestselling author of "Rich Dad Poor Dad" and his latest, "Why The Rich Are Getting Richer." The self-proclaimed gold bug is one of few investors to be bullish on both bitcoin and gold, noting that the cryptocurrency will slowly erode fiat currencies' relevance, while gold will act...Read More
Online dealer sold 30kg of gold Tuesday, worth more than $1mBitcoin tumbles below $10,000 for first time since DecemberSonny Singh, BitPay's chief commercial officer, and Bloomberg's Cory Johnson discuss the plunge in Bitcoin.Amid the wild Bitcoin ride that’s wiped more than 40 percent off the cryptocurrency’s price in a month, a pattern may be emerging: sellers are switching out of...Read More
Dow Industrials add more than 300 points to close above 26,000Dollar rises, Treasuries fall, intervention weighs on the euroDollar Rises Against Major CurrenciesU.S. stocks rose to fresh highs as companies continued to indicate the tax overhaul will boost earnings this year. Treasuries fell with gold and the dollar climbed on speculation Congress will avert a government shutdown.The S&P 500 In...Read More
"This will make the whole system transparent and accountable. It will ensure the safety of kids"Continue...Read More
Volatility could be staging a comeback. The Cboe VIX Volatility Index (VIX.X) surged 15% on Tuesday, Jan. 16, as stocks failed to hold onto fresh records set the week before. It was the biggest jump that the index, commonly referred to as Wall Street's "fear gauge," has seen in four months. With the Tuesday surge, the VIX pushed to its highest level relative to its European counterpart, the VSto...Read More
North and South Korea have both agreed to create a combined women's ice hockey team to participate in next month's Winter Olympics in PyeongChang Continue...Read More
Here's everything you need to know before Wednesday's opening bell: Celgene (CELG) is reportedly in talks to buy Juno (JUNO) . Ford (F) fell premarket after saying it expects lower operating profit in 2018. Nissan's (NSANY) Infiniti said it will begin phasing our gas-powered vehicles in 2021. Bitcoin prices extended their decline, dropping more than $1000. U.S. stock f...Read More
Despite the fact that the stock market has been booming, so many people are not meeting their financial goals. Some wonder if they'll ever be able to retire.Well, I want this year to be the year in which you actually reaching your financial goals.I'm a trader. Usually, when traders are not meeting or reaching their financial goals there are some simple and easy to explain reasons why. That fact ma...Read More
Dear Reader,It is a red-letter day here at The Daily Reckoning... a day of celebration.For we have hooked a hefty fish.Mr. Timothy Sykes - trader extraordinaire - has joined our swelling ranks of misfits, dreamers, visionaries and money men."I know 1,000s of day traders," begins our own James Altucher, himself a former hedge fund manager and venture capitalist."I know one successful day trader," h...Read More
Barron's kicked off the short trading week with another head-scratcher:One retailer's stock has jumped 10% in 2018 - and there could be more to come.Retail stock?I doubt it. The article probably tells the story of a cutting-edge startup looking to challenge Amazon in the online retail space.Or a logistics firm helping shops streamline their inventory process using blockchain technology. An actual...Read More
Stocks finished in the red on Tuesday.I know that's hard to believe. But it's true. After leaping above 26,000 for the first time ever, the Dow Jones Industrial Average coughed up more than 250 points to finish the trading day just barely in the red.The S&P 500 and the Nasdaq followed suit. Both posted new all-time highs before lunch only to reverse and finish in the red by the closing bell. W...Read More
“Do NOT fall out of the boat!!”I was 17-years old and thought I was invincible. My class was on a white water rafting expedition and I was cutting up at the front of the boat. That’s when I saw the pale look on our guide’s face.I can still remember the tension in his voice as he barked out the orders for our next set of rapids.“Diamond Splitter is a class four rapids!...Read More
U.S. Gold continues to develop multiple attractive gold mine assets.Recent PEA on Copper King project shows a nice bump to NPV that far exceeds stock valuation and de-risks the investment opportunity.Leadership of a legend geologist with a proven track record provides another solid catalyst for a potential gold gem.About six months ago, U.S. Gold Corp. (USAU) popped onto the scene as a new junior...Read More
Dynacor is ramping up production at its new processing plant, Veta Dorada.After poor 1H 2017 the company seems to be on the right track.However, Dynacor is facing a few risks discussed in this article.In my opinion, the biggest constraint is a fragile business model based on the unpredictable artisanal segment of the gold sector in Peru.Dynacor Gold Mines (OTCPK:DNGDF) is a processing company oper...Read More
Online dealer sold 30kg of gold Tuesday, worth more than $1mBitcoin tumbles below $10,000 for first time since DecemberSonny Singh, BitPay's chief commercial officer, and Bloomberg's Cory Johnson discuss the plunge in Bitcoin.Amid the wild Bitcoin ride that’s wiped more than 40 percent off the cryptocurrency’s price in a month, a pattern may be emerging: sellers are switching out of...Read More
The dream of making a million on an options trade has been one of my dreams for some years, so today, I'll outline one such possibility.It is interesting to note at this point that the producers haven't really joined in the fun and are not reflective of the progress made by gold.Therein lies our opportunity.This sort of trade is a very big ask. Preamble Every now and again it is nice to sit back...Read More