(LPC) - The size of fund financing loans is increasing along with banks’ exposure to the US$400bn market as managers raise ever-larger funds, but the wall of cash pouring into the sector is also encouraging smaller debt funds to leverage portfolios to maintain returns.Up to 50 banks are now competing to offer subscription lines of up to ?,?2bn to support multi-billion dollar private equity f...Read More
Holidays in Turkey and across much of Europe for the traditional May 1 Labor Day meant that there was no change in prices for Turkish imports of deep-sea scrap from European and US suppliers, sources said on Tuesday May 1.Renewed business activity is expected later in the week when traders return to work, they added.Market sentiment is cautious about how much more prices may increase in the near t...Read More
May 1, 2018 (Investorideas.com Newswire) Ralph Profiti, an Eight Capital analyst, reviewed this producer's Q1/18 financials and revised outlook.In an April 25 research note, analyst Ralph Profiti reported that Eight Capital lowered its price target on Freeport-McMoRan Inc. (FCX:NYSE) to $20 from $23 following its "slight miss" on Q1/18 results and reduction in both sales and production guidance fo...Read More
WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross on Tuesday said building a next-generation 5G mobile network was a priority for the Donald Trump administration, boosting the argument behind wireless carriers’ Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) proposed deal.“I think the pitch that Sprint and T-Mobile are making is an interesting one, that their merger would prope...Read More
CloseGain/LossGold $1305.10-$9.60Silver$16.17-$0.14XAU81.42+0.34%HUI179.20+0.41%GDM623.44+0.16%JSE Gold1104.60+8.93USD92.47+0.62Euro119.94-0.90Yen91.23-0.35Oil$67.25-$1.3210-Year2.969%+0.034T-Bond143.1875-0.65625Dow24099.05-0.27%Nasdaq7130.70+0.91%S&P2654.80+0.25% The Metals: Gold dropped $12.80 to $1301.90 in late morning New York trade before it bounced back higher into...Read More
May 1, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold profiles a mining explorer that is switching gears.There are hundreds of junior resource companies in Vancouver and Toronto that have had the devil's own time trying to get traction since the high water mark for the metals in 2011. I believe we had a major bottom in December/January of 2016 but many companies have yet to secure fina...Read More
WASHINGTON (Reuters) - Goldman Sachs (GS.N) on Tuesday agreed to pay the Federal Reserve $54.75 million to settle claims that the bank allowed foreign exchange traders to wrongly share information about investment positions.Goldman failed to catch forex traders who used chatrooms to discuss their positions on currency trades, the Fed said in a statement.“The firm failed to detect and address...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
COLORADO SPRINGS, Colo., May 01, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company" or "GRC") reported production results for the first quarter ended March 31, 2018 of 6,647 ounces of gold and 425,884 ounces of silver, which along with base metal revenue generated $32.2 million in net revenue and $5.5 million, or $0.10 per share in net income for the quarter....Read More
May 1, 2018 (Investorideas.com Newswire) Gabriel Gonzalez, an analyst with Echelon Wealth Partners, discussed one of this company's projects, relaying the latest permitting development and impressions from a site visit.In an April 24 research note, analyst Gabriel Gonzalez with Echelon Wealth Partners reported that First Mining Gold Corp. (FF:TSX) began the provincial environmental assessment and...Read More
Source: Michael J. Ballanger for Streetwise Reports 04/30/2018Precious metals expert Michael Ballanger discusses the gold and silver ratio."SHE-NAN-I-GANS"pronunciation: "SH?(TM)?^nan???(TM)nz/"Noun informal1. "secret or dishonest activity or maneuvering." as in "widespread financial shenanigans had ruined the fortunes of many"2. "silly or high-spirited behavior; mischief."To start off, I find...Read More
If you're running a business and the price of one thing goes up, you can work around it by economizing elsewhere. But when everything - wages, rent, supplies, taxes - goes up simultaneously, you have a problem that can be solved one of only two ways: Raise prices or close up shop. That's the dilemma apparently facing restaurants pretty much everywhere. In New York City, they're trying to split t...Read More
(Kitco News) - The gold market is seeing strong selling pressure inlate-morning price action Tuesday. The bears are working hard to push pricesbelow major psychological support at the $1,300.00 level, after having alreadysunk prices below the key 200-day moving average, basis June Comex futures. Apowerful up-move in the U.S. dollar index today, to a nearly four-month high,has the precious metals m...Read More
Chaarat Gold Holdings (LON:CGH) disclosed Tuesday its unsolicited bid for Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan valued the operation, the Asian country's largest gold mine, at $800 million (about Cdn $1.025 billion at today's exchange rate).The miner, which is developing the Chaarat project in Kyrgyzstan, said the proposed acquisition of Kumtor included $400 million in cash plus th...Read More
The Critical Investor provides an update on funding and exploration at a high-grade zinc project in Peru.Ayawilca project; drilling location1. IntroductionTinka Resources Ltd. (TK:TSX.V; TLD:FSE; TKRFF:OTCPK) came a long way doing its financings without the Canadian brokerages, supported by Sentient and IFC, but finally it was time to let them in as the upcoming/ongoing drill programs, resource es...Read More
TOPICS IN THIS INTERVIEW:01:20 How high can rising interest rates go?06:05 Flaws of a central bank controlling a nations currency10:00 The legacy system's monopoly and unsustainability16:30 What does Gold respond well to?21:30 China's long term economic plan29:45 Where to get more information from ChrisChristopher Martenson is a former American biochemical scientist. Currently he is a writer and t...Read More
Taiga owns 5 projects targeting gold in the area near the Seabee Gold Operation, owned and operated by SSR Mining Inc., formerly Silver Standard Resources Inc. and along the Tabbernor Fault structure in eastern Saskatchewan, a highly-prospective mining jurisdiction which was recently recognized by the Fraser Institute as the second best place in the world in terms of Investment Attractiveness....Read More
Base metals prices on the London Metal Exchange were mixed in the morning of Tuesday May 1, with copper (-0.7% at $6,775 per tonne), aluminium (-0.2%) and zinc (-0.4%) prices lower, while tin prices are untraded and lead and nickel prices are both up 0.3%. Chinese markets are closed for a national holiday today, meaning volume has been light with 1,225 lots traded as of 6.24am London time. This fo...Read More
BEVERLY HILLS, Calif (Reuters) - U.S. Commerce Secretary Wilbur Ross said the American economy is strong despite a range of uncertainties over global trade.There are “lots of clear signs” that the U.S. economy is doing “very, very well,” Ross said on stage Tuesday at the Milken Institute Global Conference in Los Angeles.Ross cited such factors as the “reshoring”...Read More
LONDON, 27 April 2018 - BullionVault director of research Adrian Ash is a guest today on the weekly podcast from the Investors Chronicle, the UK's longest-running personal finance magazine.Published since 1860 and part of the Financial Times' group since 1978, the Investors Chronicle today has a circulation of more than 30,000 per week, and ranks in the top 10,000 of all websites by UK traffic.Spe...Read More