Lachlan Broadfoot has become the sixth person to head up Behre Dolbear since it was established back in 1911. Staff reporter Lachlan Broadfoot has become Behre Dolbear's sixth CEO16 MARCH 201816/03/2018commentsshareThe mining consultancy and advisory group has appointed Broadfoot as CEO as it looks to further expand its service offering.Broadfoot has an impressive CV, having worked at Anglo Am...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Financial stocks tipped the scales in the bulls' favorAfter trading on both sides of the coin throughout the day, the Dow ultimately closed modestly higher. The blue-chip index was powered by upbeat economic data, as well as a rally in financial stocks, which helped to offset reports of more personnel changes in the Trump administration. The S&P and Nasdaq were also able to finish in the black to...Read More
BAMAKO, March 16 (Reuters) - Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said on Friday.Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years, but Boubou Cisse told reporters...Read More
By Alasdair MacleodThe measure of a man's real character is what he would do if he knew he would never be found out. Lord Macaulay wrote this nearly two hundred years ago. His aphorism is particularly apposite of modern politicians, and also of the modern state itself, which is meant to be selfless in the interest of the common good. We can be certain that when a person moves from outside to ins...Read More
(Kitco News) - This year’s market volatility had no significant impact on gold, which proves the yellow metal’s worth as a portfolio hedge, Sprott Asset Management said in a report.“We have long been proponents of holding precious metal bullion and equities as a portfolio hedge against general market volatility. The events which transpired in February underscore the validity of o...Read More
CloseGain/LossOn WeekGold $1313.60-$2.90-0.75%Silver$16.33-$0.06-1.51%XAU78.70-0.14%-0.25%HUI171.16-0.24%-1.02%GDM598.50-0.3%-0.81%JSE Gold1050.82-17.12-6.73%USD90.21+0.06+0.09%Euro122.87-0.18-0.17%Yen94.32+0.21+0.67%Oil$62.34+$1.15+0.48%10-Year2.845%+0.020-1.79%Bond145.46875-0.34375+0.98%Dow24946.51+0.29%-1.54%Nasdaq7481.99+0.00%-1.04%S&P2752.01+0.17%-1.24% The Metals: G...Read More
Canadian mining technology firm Newtrax Technologies has appointed Boris Burgos as vice president of Latin America as it continues to target growth in the region.Staff reporterBoris Burgos has been promoted at NewtraxNewtrax16 MARCH 201816/03/2018commentsshareCanadian mining technology firm Newtrax Technologies has appointed Boris Burgos as vice president of Latin America as it continues to target...Read More
The gold miners’ stocksremain deeply out of favor, trading at prices seen when gold was half or even aquarter of current levels. So manytraders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from thetruth! The major gold miners’recently-released Q4’17 results prove they are thriving. Their languish...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Loop Capital upgraded the retail stock and lifted its price targetLumber Liquidators Holdings Inc (NYSE:LL) has jumped 3.3% to trade at $25.39, after Loop Capital upgraded the retail stock to "buy" from "hold," and boosted its price target to $30 from $22 -- citing expectations for continued growth in both same-store sales and market share. Options traders aren't buying the upside, though, with LL...Read More
Some steel product prices in the United States have risen in response to the looming introduction of 25% tariffs on imports, while sentiment in steel markets outside the US has been dampened by fears of potential shifts in trade flows. US president Donald Trump signed the 25% tariff into law on March 8 after the conclusion of his government's Section 232 investigation, and from Friday March 23 the...Read More
ULAANBAATAR, March 16 (Reuters) - Annual revenue from Mongolia's giant Oyu Tolgoi copper-gold mine fell 22 per cent last year, the Rio Tinto unit in charge of the project said, with construction delays leaving it unable to take full advantage of higher prices.Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year, Turquoise Hill Resources said in its 2017 fi...Read More
The gold miners' stocks remain deeply out of favor, trading at prices seen when gold was half or even a quarter of current levels. So many traders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from the truth! The major gold miners' recently-released Q4'17 results prove they are thriving. Their languishing stock prices are the re...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,43166,48382,713161,604350,414478,748499,610Change from Prior Reporting Period -11,1564,71919,9028,183-7,91016,92916,711Traders17874884957262192 Small Speculators LongShortOpen Interest 48,01427,152526,762 1,7331,95118,662 non reportable positionsChange from the previous repor...Read More
Highlights:Gerald Celente, founder of the Trends Research Institute, returns to the show with new commentary on the geopolitical arena and financial markets.Our guest is concerned that the US US could be drawn into a military conflict in the Middle East or with NK with potentially dire consequences.US equities indexes have benefited from artificial and unsustainable stock buybacks.Gerald Celente e...Read More
Not long after Gary Cohn hit the bricks, Rex Tillerson was fired by TrumpIt was a seesaw week for U.S. stocks, as traders digested the latest inflation and economic data ahead of next week's highly anticipated Fed meeting. More notably, perhaps, stocks reacted to speculation of a global trade war and another dramatic week in Washington, D.C., with Rex Tillerson the latest White House staffer to hi...Read More
MUMBAI/BENGALURU, March 16 (Reuters) - Weaker demand in India prompted gold dealers to offer discounts for a second week straight, as a drop in local prices to 2-week lows and a festival failed to lure buyers.Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week. The domestic price includes a 10 percent import tax."Since retail deman...Read More
On Thursday crude oil wavered between smallgains and losses, but finished the day only 23 cents above Wednesday closingprice. Such small daily changes that we observe recently don’t look too encouragingfor oil bulls or for the bears. However, to dispel boredom, we rummaged deeper inthe charts and we found something that may interest both sides of the market’sbattle. Curious?Nevertheles...Read More
In 1992 a book entitled "Bankruptcy 1995: The Coming Collapse of America and How to Stop It" hit the nation by storm. Written by Harry Figgie, a prominent businessman who had built a Fortune 500 company, and Gerald Swanson, an economics professor with expertise in public finance, it forecast that the US federal government would go bankrupt in 1995 and default.The default would arise from a currenc...Read More