WASHINGTON - November 13, 2018 - A review of comments filed in the U.S. Department of Commerce (DOC) Section 232 investigation into uranium imports reveals virtually no support for a 25 percent quota on domestic uranium beyond those with a vested interest in the petitioners' and their allies' growth, according to the Ad Hoc Utilities Group (AHUG).The petitioner comments reveal that they seek, un...Read More
ABX has struggled to break above the $13.50 levelShares of Barrick Gold Corp (NYSE:ABX) are 2.5% higher at $13.02 in afternoon trading, the stock continuing to climb its way out of a recent pullback below $12.50. The shares of ABX have struggled to maintain positive momentum this calendar year, but if history is any indicator, now may be the time to bet on the mining stock's next leg higher.Longe...Read More
LONDON, Nov 15 (Reuters) - Katanga Mining expects its earnings to be hit if a row with Democratic Republic of Congo that has prevented it from importing and exporting copper is not resolved soon.Although Glencore's Katanga said on Thursday that copper production was continuing as normal, it warned that its earnings would be affected if the dispute is not settled."Unless the dispute with the DGDA...Read More
China has developed tremendously in recent years. But what's next? Is the country entering the growth recession? And how it will affect the world and the gold market? A New Chapter in China We have not analyzed the publications of the World Gold Council for a while. Let's make it up, starting with the newest edition of Gold Investor. The report is about China and its remarkable tran...Read More
SANTIAGO - Chile's state copper agency Cochilco lowered its average copper price prediction for this year by $0.03 to $2.97 per pound on Thursday in its second negative projection in six months.Cochilco also lowered its 2019 price projection to $3.05 per pound from the $3.10 it predicted in July, saying there would be a continued depression in appetite for the metal because of U.S.-China trade ten...Read More
SANTIAGO - Chile's state copper agency Cochilco lowered its average copper price prediction for this year by $0.03 to $2.97 per pound on Thursday in its second negative projection in six months.Cochilco also lowered its 2019 price projection to $3.05 per pound from the $3.10 it predicted in July, saying there would be a continued depression in appetite for the metal because of U.S.-China trade ten...Read More
Exchange-traded fund investors havereturned to the gold market, says Standard Chartered. Most precious-metals ETFstrade like a stock but track the price of the commodity, with metal put intostorage to back the shares. Both central banks and ETF investors tend to be“resilient holders” of gold, Standard says. ETF buying of 23 tonnes in Octoberand 13 so far in November, as a Wednesday rep...Read More
Exchange-traded fund investors have returned to the gold market, says Standard Chartered. Most precious-metals ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. Both central banks and ETF investors tend to be “resilient holders” of gold, Standard says. ETF buying of 23 tonnes in October and 13 so far in November, as a Wednesda...Read More
NTAP is set for its lowest close in monthsShares of NetApp Inc. (NASDAQ:NTAP) are down 11.7% at $68.87 in early trading, after the company announced a fiscal second-quarter earnings beat, but disappointed with a soft third-quarter revenue forecast. Analysts have been quick to respond, with respective price-target cuts to $77 and $83 coming from Citigroup and Susquehanna, and Morgan Stanley callin...Read More
In his November 14th Discovery Watch broadcast, John Kaiser reports that insiders have been buying Serengeti Resources (Mixed; SIR) stock in the public market after the stock started to tumble Tuesday. According to recent insider filings, that appears to be the case with four insiders buying a combined total of 564,000 shares between 25 and 35 cents on November 13th.Click for larger imageKaiser b...Read More
CSCO's October pullback found support at its 200-day trendlineThe shares of Cisco Systems, Inc. (NASDAQ:CSCO) are up 4.7% to trade at $46.42 this morning, alone at the top of the Dow, after the company reported adjusted fiscal first-quarter earnings of 75 cents per share and revenue of $13.07 billion, both exceeding expectations. CEO Chuck Robbins noted Cisco was impacted by the U.S. tariffs on...Read More
What do you do if you're a family that owns significant gold mineralisation, and you're seeking commercial support to extract the full potential? Well, in the case of the Williams family, you turn to the expertise of PVW Resources to join forces.Gold rushes and gold prospecting are part of Australia's rich history, and provide some of the most iconic and enduring images of the country's past. The...Read More
JCP lowered its same-store sales forecast for the key holiday seasonRetail earnings are rolling in this week, with J C Penney Company Inc (NYSE:JCP) coming in as one of the latest names to unveil its results. While the department store reported a slimmer-than-expected first-quarter loss of 52 cents, revenue of $2.65 billion fell short. Plus, the retailer said same-store sales plunged 5.4% over the...Read More
Nov 15 (Reuters) - Hedge fund Paulson & Co on Thursday called for the immediate resignation of Detour Gold Corp's interim Chief Executive Officer Michael Kenyon and board member Alex Morrison, adding it does not favor a fire sale of the gold miner.Paulson said under Kenyon the company "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable t...Read More
Nov 15 (Reuters) - Hedge fund Paulson & Co on Thursday called for the immediate resignation of Detour Gold Corp's interim Chief Executive Officer Michael Kenyon and board member Alex Morrison, adding it does not favor a fire sale of the gold miner.Paulson said under Kenyon the company "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable t...Read More
Call buying has been very popular on ORCL in recent weeksOracle Corporation (NYSE:ORCL) is trading up 3.8% before the open, thanks to news that Warren Buffett's Berkshire Hathaway (BRK.A) took a $2.13 billion stake in the tech company. The vote of confidence goes against the broader sentiment across Wall Street, since the majority of brokerage firms have just "hold" ratings on ORCL shares. Options...Read More
BloombergWorkers review an assembled New Holland Ltd. round baler at the company's Haytools factory in New Holland, Pennsylvania, U.S., on Friday, April 8, 2016. The numbers: There was a split in directions between the Empire State and Philadelphia Fed manufacturing indexes, with the New York-area gauge rising 2.2 points to a reading of 23.3 in November while the Philly Fed index slid 9.3 po...Read More
Mr. Mark Kolebaba reportsADAMERA RESUMES DRILLING AT OVERSIGHT TO FOLLOW UP HIGH GRADE INTERSECTIONAdamera Minerals Corp.has resumed drilling on the Oversight property in Washington State to follow up high-grade gold intercepts reported in drill hole OS18-02, including an interval with 19.4 grams per tonne gold (see news release dated Sept. 26, 2018). Drill hole OS18-02 tested a coincident induced...Read More
Mr. Mark Kolebaba reportsADAMERA RESUMES DRILLING AT OVERSIGHT TO FOLLOW UP HIGH GRADE INTERSECTIONAdamera Minerals Corp.has resumed drilling on the Oversight property in Washington State to follow up high-grade gold intercepts reported in drill hole OS18-02, including an interval with 19.4 grams per tonne gold (see news release dated Sept. 26, 2018). Drill hole OS18-02 tested a coincident induced...Read More
The Dow and S&P 500 are set to extend their losing streaksFutures on the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are slightly lower today, as both indexes look to extend their losing streaks. Investors are digesting quarterly reports from blue-chips Walmart (WMT) and Cisco Systems (CSCO), as well as a rebounding tech sector -- including Apple (AAPL) -- that has Nasdaq-100 In...Read More