Recent News

Apple, Amazon Stocks Drag Nasdaq Lower

November 05, 2018 / www.schaeffersresearch.com

The Dow is higher with Chevron, howeverAhead of midterm elections, U.S. stocks are trading mixed at midday. Specifically, the S&P 500 Index (SPX) is modestly higher, while the Dow Jones Industrial Average (DJI) is up triple digits, with outperforming Chevron (CVX) leading the surge. On the flip side, the Nasdaq Composite (IXIC) is in the red, as FAANG stocks tumble. Amazon (AMZN), Facebook (...Read More

Brazilian Official: Mining Projects Are 'National Priorities'

November 05, 2018 / www.kitco.com

(Kitco News)- While the world continues toreact to the election of Brazilian populist president Jair Bolsonaro, somegovernment officials don’t expect this to have much impact on the nation’s planto develop its national resource.In an exclusive interview withKitco News ahead of the October runoff election, Pedro Bruno Barros De Souza,secretary of public policy coordination, said that th...Read More

Options Bears Swipe Left on Match Group Stock Ahead of Earnings

November 05, 2018 / www.schaeffersresearch.com

Options bears have been loading up on puts ahead of Match Group's third-quarter resultsAs earnings season chugs along, dating app service Match Group Inc (NASDAQ:MTCH) is set to release its third-quarter report after the market closes this Tuesday, Nov. 6. Ahead of the event, the stock is down 2.3% today to trade at $50.98, despite receiving a price-target hike to $61 from $56 at Deutsche Bank. M...Read More

Brazilian Official: Mining Projects Are 'National Priorities'

November 05, 2018 / www.kitco.com

(Kitco News) - While the world continues to react to the election of Brazilian populist president Jair Bolsonaro, some government officials don’t expect this to have much impact on the nation’s plan to develop its national resource.In an exclusive interview with Kitco News ahead of the October runoff election, Pedro Bruno Barros De Souza, secretary of public policy coordination, said t...Read More

The Holy Grail That Predicts The Price Of Gold

November 05, 2018 / seekingalpha.com

The Gold Forecaster index predicts the price of gold.The index is comprised of economic indicators that are bullish gold.The index looks at the change in sentiment.Price movements in gold are predicted 1-year upfront.I created my Correlation Economics website back in 2011 to gather a huge database of economic indicators. This is what they call "data mining". By amassing large data sets, you can fi...Read More

In Ecuador, landmark court cases challenge mining projects

November 05, 2018 / www.mining.com

LOS CEDROS, Ecuador, Nov 5 - Ecuador is facing a lawsuit this week for giving mining companies exploration rights to a protected forest in one of the country's most biodiverse regions without local consultation.Brought by the local Cotacachi government, the lawsuit requests the regional court place an injunction on all mining activity within Los Cedros in the Intag Valley, a lush area of rivers an...Read More

Gold Analysis: Support at 1229/1217, resistance at 1236/1243 [Video]

November 05, 2018 / www.fxstreet.com

What is the outlook for gold?   Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Contr...Read More

SoftBank's Son defends Saudi ties as kingdom-backed fund boosts profit

November 05, 2018 / www.kitco.com

TOKYO (Reuters) - SoftBank Group Corp (9984.T) CEO Masayoshi Son on Monday condemned the killing of a journalist by Saudi security personnel, and said his firm must carry out its responsibility to the kingdom’s citizens whose money is invested in its Vision Fund.Saudi Arabia is the largest investor in the fund which was launched last year with over $90 billion in capital, giving Son firepowe...Read More

Zimbabwe to announce winning bidders for mining assets in two weeks

November 05, 2018 / www.mining.com

HARARE, Nov 5 - Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November.Selling struggling state-owned companies, known locally as parastatals, is part of President Emmerson Mnangagwa's wider reforms to cut government exp...Read More

Zimbabwe to announce winning bidders for mining assets in two weeks

November 05, 2018 / www.mining.com

HARARE, Nov 5 - Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November.Selling struggling state-owned companies, known locally as parastatals, is part of President Emmerson Mnangagwa's wider reforms to cut government exp...Read More

Minaurum Gold discovers San Jose, Santa Rosa veins

November 05, 2018 / www.stockwatch.com

Mr. Darrell Rader reportsMINAURUM DISCOVERS 3 KM-LONG VEIN AT ALAMOS RETURNING UP TO 1995 G/T SILVER AND 2.46% COPPER; PROVIDES DRILLING UPDATEMinaurum Gold Inc. has discovered two new vein zones, the San Jose and the Santa Rosa, through its continuing district-scale reconnaissance program. San Jose returned assays ranging from anomalous up to 1,995 grams per tonne silver, 2.46 per cent copper and...Read More

Minaurum Gold discovers San Jose, Santa Rosa veins

November 05, 2018 / www.stockwatch.com

Mr. Darrell Rader reportsMINAURUM DISCOVERS 3 KM-LONG VEIN AT ALAMOS RETURNING UP TO 1995 G/T SILVER AND 2.46% COPPER; PROVIDES DRILLING UPDATEMinaurum Gold Inc. has discovered two new vein zones, the San Jose and the Santa Rosa, through its continuing district-scale reconnaissance program. San Jose returned assays ranging from anomalous up to 1,995 grams per tonne silver, 2.46 per cent copper and...Read More

Barrick chairman says miner eyes nimble future after Randgold deal

November 05, 2018 / www.mining.com

TORONTO, Nov 5 - If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After Randgold's Nov. 7 vote, the...Read More

Barrick chairman says miner eyes nimble future after Randgold deal

November 05, 2018 / www.mining.com

TORONTO, Nov 5 - If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After Randgold's Nov. 7 vote, the...Read More

Hot economy is cold comfort for Republicans in tight U.S. races

November 05, 2018 / www.kitco.com

FLEMINGTON, N.J./MODESTO, Calif. (Reuters) - Linda Hults is the sort of Republican who President Donald Trump would expect to reward his party for the hottest U.S. economy in a decade by helping defend its grip on Congress in dozens of tight races across the country.Instead, the retired teacher says she is “at a loss” deciding who she will vote for in this week’s election because...Read More

In race for ECB banks' supervision job, Enria closes gap with Donnery: sources

November 05, 2018 / www.kitco.com

FRANKFURT (Reuters) - The race to take over the European Central Bank's supervision arm has become a dead heat as southern European countries appear to be lining up behind an Italian candidate, four sources familiar with the process said.Ireland's Sharon Donnery was earlier seen as the favorite but Italy's Andrea Enria has garnered significant support in recent weeks, suggesting that the vote, to...Read More

Takeda CEO confident of investor backing for $62 billion Shire deal

November 05, 2018 / www.kitco.com

LONDON (Reuters) - The boss of Japan’s Takeda Pharmaceutical (4502.T) said on Monday he was confident of securing investor backing for its $62 billion acquisition of London-listed Shire (SHP.L), despite some shareholders’ fears about the resulting debt burden.Buoyed by a strong set of quarterly results last week - helped by strong demand for its existing drugs - Chief Executive Christo...Read More

Specs Rebuild Bearish Gold Positions, But This Could Be Temporary

November 05, 2018 / www.kitco.com

(Kitco News) - Large speculators rebuilt theirbearish positioning in gold futures during the most recent reporting week fordata compiled by the Commodity Futures Trading Commission, yet this may havebeen a temporary phenomenon, with prices since rising again amid a fall in the U.S. dollar, analysts said.During the week-long period toOct. 30 covered by the CFTC’s report, Comex December gold f...Read More

Specs Rebuild Bearish Gold Positions, But This Could Be Temporary

November 05, 2018 / www.kitco.com

(Kitco News) - Large speculators rebuilt their bearish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, yet this may have been a temporary phenomenon, with prices since rising again amid a fall in the U.S. dollar, analysts said. During the week-long period to Oct. 30 covered by the CFTC’s report, Comex December g...Read More

RT @Jay_MackG: Government intervention likely to top tax hikes as key #DRC worry for miners

November 05, 2018 / www.mining-journal.com

New forms of government intervention likely to top tax hikes as the key DRC worry for minersRead full newsRead More

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