(Kitco News)- Goldprices are holding on to modest gains, following the news that U.S. consumersbought slightly more pre-existing homes in October, according to the latestreport from the National Association of Realtors (NAR).Wednesday,existing home sales increased 1.4% last month to a seasonally adjusted andannualized rate of 5.22 million units, compared to September's annualized rateof 5.15 milli...Read More
One of Barrick Gold Corp.'s most senior executives, who held various high-profile roles at the company from Nevada to Tanzania, has left the company as it prepares to complete its merger with Randgold Resources Ltd.Richard Williams served as Barrick's chief of staff and later chief operating officer. A former commander in Britain's Special Air Service, he was assigned in February to work full-time...Read More
One of Barrick Gold Corp.'s most senior executives, who held various high-profile roles at the company from Nevada to Tanzania, has left the company as it prepares to complete its merger with Randgold Resources Ltd.Richard Williams served as Barrick's chief of staff and later chief operating officer. A former commander in Britain's Special Air Service, he was assigned in February to work full-time...Read More
FL's profit, revenue, and comparable sales all beat estimatesThe shares of Foot Locker, Inc. (NYSE:FL) are signaling a strong session, after the retailer reported stronger-than-expected third-quarter adjusted profit of 95 cents per share on $1.86 billion in revenue -- more than analysts were anticipating. FL also said same-store sales surged 2.9% during the three-month period.A round of upbeat ana...Read More
MILAN (Reuters) - Chocolate spread Nutella has long had pride of place on supermarket shelves but faces imminent attack from an Italian rival usually found in the pasta section.Italy’s Barilla, known internationally for its spaghetti and maccheroni packaged in blue boxes, is preparing to launch a chocolate spread next year in a major challenge to the brand that became a global phenomenon in...Read More
WASHINGTON (Reuters) - Nancy Pelosi, working to reclaim the top job in the U.S. House of Representatives, has called for creation of a new leadership post in a move that could make room for younger lawmakers in the upper echelons of the House Democrats.The 78-year-old San Francisco liberal and current House Democratic leader is fighting hard to regain the job of speaker after the Nov. 6 elections...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More
* Market spooked by estimated cost of HPAL plant* Building HPAL facility more complicated than NPI smelterLONDON - Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.Benchmark nickel on the London Metal Exchange nearing $...Read More
Mr. Jean Martineau reportsDYNACOR PRODUCES 7,352 OUNCES OF GOLD IN OCTOBER, ITS BEST 2018 MONTHLY RESULTSDynacor Gold Mines Inc. has provided its October gold production results, which were the best monthly gold production results in 2018. In October, the corporation produced 7,352 ounces of gold, an 11-per-cent monthly average increase from the previous nine months. The total amount of ore purcha...Read More
Mr. Jean Martineau reportsDYNACOR PRODUCES 7,352 OUNCES OF GOLD IN OCTOBER, ITS BEST 2018 MONTHLY RESULTSDynacor Gold Mines Inc. has provided its October gold production results, which were the best monthly gold production results in 2018. In October, the corporation produced 7,352 ounces of gold, an 11-per-cent monthly average increase from the previous nine months. The total amount of ore purcha...Read More
A break of this trendline could mean heightened risk for bullsSchaeffer's own Andrea Kramer stopped by CNBC's Squawk Boxthis morning, where the discussion was focused on the recent stock market sell-off. Andrea called out the key S&P 500 Index (SPX) moving average to watch this week, and explained why a close south of this trendline could mean heightened risk for bulls. She also weighed in on the...Read More
WASHINGTON (Reuters) - New orders for key U.S.-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of an acceleration in business spending on equipment early in the fourth quarter.Sluggish business spending on equipment together with a lackluster housing market could fan concerns about the durability of the economic expansion...Read More
Mizuho thinks EIX shares are now a buyThe deadly wildfires in California have resulted in a sharp pullback in shares of Edison International (NYSE:EIX). More specifically, the selling essentially began back on Nov. 9, when EIX shares fell more than 12%. The next session the stock traded as low as $45.50 after Morgan Stanley estimated huge losses in utility equipment. The shares have recovered some...Read More
FAANG stocks are leading a pre-market bounceFutures on the Dow Jones Industrial Average (DJI) are on the mend today, up nearly 150 points as the tech sector tries to recover ground following the recent sharp sell-off. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are confidently in the black as well, with FAANG stocks powering the rebound. Elsewhere, investors are digesting a round of...Read More
BMO Capital Markets looks for investors to include some gold intheir portfolios during the remainder of 2018. Analysts note that holdings inglobal gold exchange-traded funds, which trade like a stock but track the priceof the commodity, have risen to a three-month high following recent weakness inequity markets. “With macroeconomic risk now being supplemented by concernsover systemic financi...Read More
BMO Capital Markets looks for investors to include some gold in their portfolios during the remainder of 2018. Analysts note that holdings in global gold exchange-traded funds, which trade like a stock but track the price of the commodity, have risen to a three-month high following recent weakness in equity markets. “With macroeconomic risk now being supplemented by concerns over systemic fi...Read More
• On Tuesday, the precious metal faced rejection near a short-term descending trend-line, extending from over three-month tops set in October through highs touched earlier this month. • The corrective slide, however, turned out to be short-lived, with the commodity regaining positive traction on Wednesday and recovering previous session's modest...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 14.57 G/T AUEQ OVER 31.50 METRES AT ESKAY CREEKSkeena Resources Ltd. has released additional gold-silver drill results for seven holes from the recently completed phase 1 surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase 1 program was performed in the historically drill-defined 21...Read More