Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
INTERSECTS HIGH GRADE MINERALIZATIONCalgary, Alberta (January 22, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce it has now received final assay results from its initial drilling program on the Daylight Property located in southeastern, BC.Encouraging assay results have been obtained from an 18-hole drill program whic...Read More
Palisade Research January 22, 2018 Category: Research This morning Mexican Gold released the final assays of its 2017 program. . .The results focused on the Eastern extent of El Dorado/Juan Bran, where the Dike Contact has only seen one drill hole in the past.Currently, the west contact zone has been outlined for over 360 meters along strike. Today's assays outline high-grade mineralization on the...Read More
Ubika Gold 20 Index has climbed 10.8% during the past five weeks, outperforming its benchmarks the Gold Spot price and the Global Gold IndexThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Gold 20 Index has climbed 10.8% since our last report dated December 11, 2017, outperforming its benchmarks, the Gold Spot price and the Global Gold Index, which returned 6...Read More
Jan 22 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Britain would struggle to withstand Russian forces on the battlefield and ministers must invest in defence or further erode the country's ability to combat threats, the head of the army, Nick Carter, will say on Mo...Read More
(Adds Cornyn comment, Durbin quote, Wall Street reaction)By Susan Cornwell and Ginger GibsonWASHINGTON, Jan 21 (Reuters) - U.S. Senate Republican and Democratic leaders met on Sunday amid a flurry of congressional negotiations aimed at breaking an impasse that has kept the U.S. government shut down for two days, but it was unclear if a deal could be struck to reopen federal agencies by the start...Read More
(Corrects format error)SEOUL, Jan 22 (Reuters) - South Korea is "positively considering" issuing a 50-year treasury bond and will review the matter after studying market demand, the finance minister on Monday."I've heard that there is market demand for 50-year treasury bonds and am quite positively considering the issuance," Finance MinisterKim Dong-yeon said in response to a...Read More
* Company cannot pay $30 mln put option price* Slide in to administration follows short-seller attack* Shares not traded since May (Adds Glaucus comments and short-selling details)By Tom WestbrookSYDNEY, Jan 22 (Reuters) - Australia's largest sandalwood forest company, Quintis Ltd , has called in administrators after it was unable to pay one of its bondholders A$37 million ($30 million), the compa...Read More
(Corrects market cap to A$115 mln from A$390 mln in final paragraph)MELBOURNE, Jan 22 (Reuters) - Australia's largest sandalwood forest company, Quintis Ltd , has called in administrators after one of its bondholders forced the firm to pay out A$37 million ($30 million), a spokesman for the administrators, KordaMentha, said on Monday.Quintis has been trying to raise new financing over the past ni...Read More
Susan Cornwell, Ginger GibsonWASHINGTON (Reuters) - Republican and Democratic leaders of the U.S. Senate held talks on Sunday seeking to break an impasse that has kept the U.S. government shut down for two days, but it was unclear if a deal could be struck to reopen federal agencies by the start of the work week.The high-level meeting followed discussions among a bipartisan group of moderate senat...Read More
(Reuters) - U.S. lawmakers struggled on Sunday to reach a breakthrough during the second day of a government shutdown.If Republicans and Democrats are unable to resolve their differences, federal agencies could remain partially closed when the work week begins on Monday.During shutdowns, non-essential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essentia...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +0.3 pct, HSI +0.4 pct* HK->Shanghai Connect daily quota used 2.9 pct, Shanghai->HK daily quota used 41.9 pct* HK->Shenzhen Connect daily quota used 6.5 pct, Shenzhen->HK daily quota used 17.6 pct* CNY official close 6.403 per dollar* FTSE China A50 +0.2 pct, BNY Mellon ADR China Select Index +0.1 pct SHANGHAI, Jan 22 (Reuters)...Read More
* Dollar sags but manages to hold above 3-year lows* US govt shutdown seen to have been priced in* Treasury yields at 3-1/2-yr highs, helps limit USD losses By Shinichi SaoshiroTOKYO, Jan 22 (Reuters) - The dollar sagged against its peers on Monday as a U.S. government shutdown dented sentiment, although losses were limited for now as investors took a wait-and-see stance on developments in Washin...Read More
(Adds quote)NEW YORK, Jan 21 (Reuters) - Bond investors mostly shrugged off the second day of a government shutdown in the United States on Sunday, with prices of U.S. Treasury debt futures easing as the market bet that the political impasse would be brief.Democrats and Republicans, locked in a bitter dispute over immigration, failed to agree on a last-minute deal to fund government operations, c...Read More
Jan 22 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- MONDAY, JANUARY 22** BRUSSELS - ECB President Mario Draghi and executive board member Benoit Coe...Read More
(Kitco News) - Gold edged up in its initial reaction to the U.S. government shutdown as Asian markets opened on Monday.Spot gold on Kitco.com was last at $1,334.10, up 0.26% on the day. Markets were digesting the latest headlines as U.S. Republican and Democratic Senators were holding talks on Sunday to break the political stalemate.The Senate is scheduled to vote on the proposed bill to exte...Read More
ABUJA, Jan 22 (Reuters) - Nigeria's central bank said on Monday a key interest rate setting meeting intended for January 22-23 will not be held due to an inability to form a quorum, adding that the benchmark rate will be maintained at 14 percent.The decision comes because there are not enough members of the Central Bank of Nigeria's (CBN's) Monetary Policy Committee (MPC) to form a quorum, the len...Read More
* Jan manufacturers' sentiment index +35 vs +27 in Dec* Service-sector index +33 in Jan vs +34 in Dec* Manufacturers' mood seen steady ahead, service sector down* Reuters Tankan backs BOJ Kuroda's optimistic economic view By Tetsushi Kajimoto and Izumi NakagawaTOKYO, Jan 22 (Reuters) - Confidence among Japanese manufacturers jumped in January to an 11-year high, the Reuters Tankan poll showed on...Read More
A collapse at an abandoned gold mine in Uzbekistan has resulted in one death and roughly 20 trapped underground.Radio Free Europe reported on Thursday that around 30 illegal gold miners managed to escape after the cave-in in Sarmarkand - located in the country's southeast. About 20 could not make it back up to surface. The mine used to be run by state-owned Navoiy Mining and Metallurgy Combine bu...Read More
By Svea Herbst-BaylissBOSTON, Jan 21 (Reuters) - Hedge funds managers who bet on stocks scored some of the industry's biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers. The annual list, released on Sunday, shows Steve Mandel's Lone Pine Capital, John Armitage's Egerton Capital, Andreas Halvorsen's Vik...Read More