(Kitco News) - Gold is going up from here, according to one strategist. It might not be in a straight line, but brighter days are ahead for the yellow metal, with the worst behind it.“Gold will benefit going into the end of the year as well as beyond,” RBC Capital Markets commodity strategist Christopher Louney told Kitco News on Thursday. “There’s plenty of room for gold t...Read More
AAPL logged a two-day decline of 5.5% on Wednesday and ThursdayThe tech sector got hit particularly hard during the heavy selling on Wall Street this week. This recent pullback has likely created several bullish trading opportunities, too, with Apple Inc. (NASDAQ:AAPL) falling 5.5% from its Oct. 9 close of $226.87 to its Oct. 11 settlement at $214.45. The FAANG stock is bouncing back fast, though...Read More
DUBAI/LONDON (Reuters) - U.S. Treasury Secretary Steven Mnuchin and Wall Street banks will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after the disappearance of a Saudi journalist.Mnuchin’s plan to attend the high-profile Future Investment Initiative conference in Riyadh follows U.S. President Donald Trump&r...Read More
This week's downturn could yield rallies from several stocksStocks earlier this week were clobbered, turning in their worst day in months. However, many individual stocks have flashed bullish signals in the wake of the bloodbath. If past is precedent, two healthcare names could climb into November: drugmaker Incyte Corporation (NASDAQ:INCY) and medical device maker ABIOMED, Inc. (NASDAQ:ABMD). Bot...Read More
The British bank initiated coverage on Goldcorp, Kinross Gold, Newmont Mining and Yamana GoldRead full newsRead More
More than 30 gold miners have died in an informal pit in the Democratic Republic of Congo's South Kivu province after a landslide, officials said Thursday, with dozens more feared trapped.The incident happened a week ago in Misisi in the Fizi region.Read full newsRead More
There isn't much at the proposed mine site right now: just a long airstrip, with clusters of sturdy buildings in the middle of green mountains close to the Middle Kuskokwim River. But if completed, the Donlin gold mine would be one of the biggest in the world. Listen nowRead full newsRead More
(Kitco News) - With this week’s gold rally finally shaking up the precious metals space, analysts are now wondering if this re-awakened ‘haven’ interest is sustainable and how high gold prices can go next week.“The rally fits with a long-held view that the market is under-appreciating risks, with a higher tolerance for uncertainty. But I think with the sell-off in equity ma...Read More
(Kitco News) - With this week’s gold rally finally shaking up the precious metals space, analysts are now wondering if this re-awakened ‘haven’ interest is sustainable and how high gold prices can go next week.“The rally fits with a long-held view that the market is under-appreciating risks, with a higher tolerance for uncertainty. But I think with the sell-off in equity ma...Read More
"BTU Metals (#TSXV: $BTU) Mobilizes Crews to Dixie Halo Property Contiguous to Great Bears Dixie Project, Red Lake District, Canada [https://t.co/RgaZrcERmy]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #investments #mining #resources #gold"Read full newsRead More
MUMBAI/BENGALURU, Oct 12 (Reuters) - Physical gold demand in India was subdued this week as a rally in domestic prices curbed retail purchases going into a key festival season, while buying remained lacklustre in other major Asian hubs.In the Indian market, gold futures this week touched their highest since July 2016 at 32,014 rupees per 10 grams."Usually retail buying rises during Navratri (Dusse...Read More
Company won't release independent expert's report until after takeover offer is due to closeRead full newsRead More
Consumer sentiment in October falls just short of expectations.The University of Michigan's survey finds American confidence in U.S. economic policy is at a 15-year high.The survey considers 500 consumers' outlook on economic prospects.Michael Sheetz| @thesheetztweetz Published 11 Hours AgoUpdated10 Hours AgoCNBC.com show chapters Consumer sentiment index at 99.0 versus 100 estimate ...Read More
Oct 12 (Reuters) - Canadian gold miner Detour Gold Corp said on Friday that its settlement offer regarding management changes, which included a plan to appoint a new chief executive officer, was rejected by hedge fund Paulson & Co.The settlement would have resulted in almost half of its board being refreshed in six weeks, with interim CEO Michael Kenyon stepping down before the next annual gen...Read More
BRUSSELS (Reuters) - Italy is resisting a European Union push to impose sanctions on states who carry out cyberattacks, a move that appears in line with Rome’s calls to de-escalate tensions with Russia but that could alienate Italy from its EU allies.Diplomats said the sanctions plan is meant to strengthen EU defenses and deterrence against cyberattacks, in particular from Russia, which has...Read More
"High-end marijuana retailer MedMen just spent $682 million on the largest US cannabis acquisition in history -- Read the Article from the Business Insider here: https://t.co/KiKAcno2CQ"Read full newsRead More
"1933 Industries' (@1933Industries) (#CSE: $TGIF // #OTCQB: $TGIFF) Infused MFG Reaches 80x Growth Milestone [https://t.co/MyZCaTqc07]#POTstocks #investing #stocks #stockmarket #trading #investors #news #investing #business #investments #cannabis #hemp #cannabisdaily #CBD"Read full newsRead More
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NEW YORK (Reuters) - The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported double-digit profit growth on Friday.The results reflected an array of positive business factors for banks. Their net interest margins - the difference between what they pay on deposits and what they charge on loans - have widened. Other key busine...Read More
"Great Panther Silver Reports Third Quarter 2018 Production Results and Provides Corporate Update @Gr8_Panther https://t.co/sspUbvjHNM"Read full newsRead More