NEW YORK (Reuters) - The dollar rose to fresh 2018 highs on Monday while oil prices surged to their highest since late 2014, driven by declining Venezuelan crude production and worries the Unites States could re-impose sanctions on Iran.The crude surge lifted energy stocks in Europe and on Wall Street, with European shares supported by strong results and gains in Nestle after the Swiss company agr...Read More
Let's face it: Minorities have been royally screwed over in the past. They've gotten the shitty end of the stick for millennia.Here in the United States, black folks were once considered only three-fifths of a human being. Meanwhile, women have only been allowed to vote in 40% of American history.If I were a minority, I might be pissed off at the discriminatory nature of history myself.But we need...Read More
Birth rates are plunging almost everywhere. The first chart below shows that even notoriously populous China and India have entered the same reproductive neighborhood as the US and are not that far from the assisted living center formerly known as Japan. Which is to say their populations have not only stopped increasing, they'll actually start falling pretty soon. The thing that makes economists n...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index maintained its recent trend of grinding sideways, though after a dip to its 20-day moving average at 1277, it bounced as high as 1293.52 intraday and finished the week up 8 points at 1291.64.RSI rose 2.2 points to 62, nominally breaking the 60-point barrier that has...Read More
Via Sovereignman.comEvery year around this time I attend a small, private event to break bread with some of the most invigorating people I know.There's only about 100 people in the room– but they're all at the top of their game... business and intellectual leaders from a variety of industries.And we gather each year to build relationships with one another and hear about some cutting edge ide...Read More
(Reuters) - European Central Bank governing council member Jan Smets said the bank is likely to phase out its bond-buying program over the summer, possibly announcing a decision after its July 26 policy meeting, the Wall Street Journal reported on Monday.The Belgian official said that investors might be right to push back their forecasts for when the ECB would increase interest rates for the first...Read More
Calgary, Alberta - May 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is preparing for exploration work on its Wilson Creek property, part of the Company's Kootenay Arc Zinc District in southern B.C.Key HighlightsExploration to target Sedex-style zinc mineralization on the Wilson Creek propertyStrong zinc soil an...Read More
ROME (Reuters) - The leader of Italy’s 5-Star Movement dismissed a call on Monday by the head of state to form a neutral government and said the country should hold a new election in July after a vote in March ended in a hung parliament.The 5-Star emerged as the largest single party in the March election, but all attempts to put together a coalition with its rivals have hit a brick wall, pro...Read More
May 7, 2018 (Investorideas.com Newswire) The common shares of Generation Mining Limited have been approved for listing on the CSE. Listing and disclosure documents will be available at www.thecse.com on the listing date.Generation Mining Limited is a base and precious metals exploration and development company with various property interests throughout Canada. Its primary business objective is to...Read More
Burlington, Ontario - May 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Wabi Exploration Inc. (CSE: WAB) ("Wabi") provides a corporate and operational update on the previously announced Arrangement Agreement with Buena Vista Gold Inc. ("BVG").BVG has delivered its audited financial statements for the year ended December 31, 2017 to Wabi. Under the Arrangement Agreement Wabi can now address...Read More
In 2017, trading volume on the Shanghai Futures Exchange shrank by almost one fifth to 1.36 billion lots, mainly led by a drop in rebar and bitumen trading, official data shows, yet trading turnover rose by 5.8% to 89.9 trillion yuan ($14.1 trillion). The SHFE's trading turnover accounted for a 47.9% share of China's futures markets, followed by Dalian Commodity Exchange, which accounted for...Read More
The past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish. Neither imbalance has amounted to much in terms of price action, so it's not clear whether the most recent changes matter. Still, the action in both gold and silver futures remains unusual enough to bear wat...Read More
SAN FRANCISCO, May 7 (Reuters) - Bitcoin’s drop in value from its December 2017 peak of $19,511 was tied directly to the listing of futures contracts tied to the cryptocurrency’s value, new research published by the San Francisco Federal Reserve showed Monday.“The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence,&...Read More
CloseGain/LossGold $1314.30+$0.30Silver$16.47-$0.03XAU81.99-0.50%HUI180.21-0.65%GDM632.09-0.05%JSE Gold1088.69-26.37USD92.77+0.17Euro119.23-0.34Yen91.59-0.14Oil$70.73+1.0110-Year2.950%+0.005T-Bond143.50-0.15625Dow24357.32+0.39%Nasdaq7265.21+0.77%S&P2672.63+0.35% The Metals: Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, bu...Read More
(Reuters) - Wall Street was higher on Monday as U.S. crude hit $70 per barrel for the first time since late 2014, while shares of technology companies were lifted by Apple’s sixth day of gains.The S&P energy index was the biggest gainer among the 11 major S&P sectors, rising 2.1 percent as oil prices were boosted by Venezuela’s deepening economic crisis and a looming decision o...Read More
Birth rates are plunging almost everywhere. The first chart below shows that even notoriously populous China and India have entered the same reproductive neighborhood as the US and are not that far from the assisted living center formerly known as Japan. Which is to say their populations have not only stopped increasing, they'll actually start falling pretty soon. The thing that makes economists n...Read More
Technical analyst Jack Chan updates his gold and silver charts. Our proprietary cycle indicator is up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term sell signal. Short-term signals can last for days and weeks, and are more suitable for traders. Speculation i...Read More
(Bloomberg) - Gold imports by India, which vies with China as the biggest consumer, declined in April, according to a person familiar with the information, falling for a fourth month amid lackluster sales.Overseas purchases dropped 46 percent to 52.7 metric tons last month from a year earlier, the person said, asking not to be identified as the figures aren't public. Imports in the first four mon...Read More
Unplanned maintenance issues, particularly at the Burrup Technical Ammonium Nitrate Plant in Western Australia's Pilbara region, have hit explosives giant Orica's (ASX: ORI) first half trading performance, even as miners start to demand more explosives.Noel Dyson*07 MAY 201807/05/2018commentsshareOrica has reported a first half statutory net loss of A$229 million on 4% lower revenues of A$2.53 bil...Read More