Editor's Note: The article was updated to reflect further weakness in equity markets, which are down more than 3% across the board (Kitco News) - Equity markets are breaking down and that could be the catalyst needed to light a fire under the gold market, according to some analysts.Ahead of the close, the S&P 500 and Dow Jones Industrial Average have dropped significantly with both falling 3%...Read More
(Reuters) - Wall Street tumbled on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping risk appetite.The S&P 500 and the Dow Jones Industrial Average fell about 1.5 percent and, at the day’s low, had retreated 3.8 percent and 3.6 percent, respectively, from all-time highs. The Nasdaq’s ne...Read More
(Reuters) - Outgoing Twenty-First Century Fox Inc (FOXA.O) Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc (TSLA.O) chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions.Tesla and Musk reached a settlement with U.S. Securities and Exchange regulators last month in which they agreed to pay $20 million each to financia...Read More
(Reuters) - Wall Street tumbled on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping risk appetite.The S&P 500 and the Dow Jones Industrial Average fell about 1.5 percent and, at the day’s low, had retreated 3.8 percent and 3.6 percent, respectively, from all-time highs. The Nasdaq’s ne...Read More
Put traders are making a rare appearance on INTC todayChip stocks are taking a big hit amid today's broad-market decline on news Swiss valve maker VAT Group cut hours for workers, citing softening demand from the semiconductor companies it supplies. One notable name selling off is Intel Corporation (NASDAQ:INTC) -- down 2.3% to trade at $45.46, on track for their fourth loss in five sessions.Again...Read More
"American Manganese (@AmerManganese) (#TSXV: $AMY // #OTC: $AMYZF) to Process a Metric Tonne of Cathode Scrap Material at Pilot Plant [https://t.co/Zb3mD6zjsh]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #investments #resources #cleantech"Read full newsRead More
"FSD Pharma (@FsdPharma) (#CSE: $HUGE // #OTCQB: $FSDDF) Congratulates High Tide for Closing Oversubscribed Financing; $2MM Lead Order [https://t.co/tY7JgUlZfS]#POTstocks #investing #stocks #stockmarket #trading #investors #news #investing #business #investments #marijuana"Read full newsRead More
NEW YORK (Reuters) - For stock investors, the recent spike in bond yields may be prompting some uncomfortable deja vu.Back in late January and early February, there was a 10 percent correction in the S&P 500 .SPX, with stock investors spooked as Treasury yield increases intensified with a monthly payrolls report showing the biggest wage gains for workers since 2009.This time around, strong ec...Read More
WASHINGTON (Reuters) - President Donald Trump said on Wednesday his administration was talking to his former adviser and Goldman Sachs executive Dina Powell about possibly succeeding Nikki Haley as the U.S. ambassador to the United Nations, but that Powell was just one of many people under consideration.Asked whether Powell was the front-runner, Trump told reporters at the White House: “No,...Read More
Right now, marijuana stocks are red hot. The market continues to see huge momentum build and what's more is that now we've begun to see a climate that is heating up for cannabis stock IPO's. It wasn't that long ago that the only option to go public as a cannabis company was some minor exchange ...Read full newsRead More
WASHINGTON (Reuters) - The outcome of the latest immigration case involving President Donald’s Trump administration to come before the U.S. Supreme Court could hinge on his two appointees, conservative Justices Neil Gorsuch and Brett Kavanaugh.The nine justices on Wednesday heard the administration argue for sweeping government authority to detain immigrants awaiting deportation after they c...Read More
Telson Mining Corporation (TSXV:TSN, OTCBB:SOHFF) ("Telson" or the "Company") (formerly SQ82)) is pleased to announce that it has closed its non-brokered private placement financing (the "Private Placement") consisting of 9,124,805 Units of the Company at a price of $0.75 per Unit for gross proceeds of $6,843,603.Read full newsRead More
FLINT, Mich. (Reuters) - The Federal Reserve can likely stop raising U.S. interest rates once they reach about 3 percent, as long as inflation remains around 2 percent and the economy is doing well, Chicago Federal Reserve President Charles Evans suggested on Wednesday.The Fed has been raising interest rates gradually since December 2015, and last month lifted its target for short-term rates to a...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our...Read More
Avrupa Minerals Ltd. (TSXV:AVU) (US OTC:AVPMF) (FRANKFURT:8AM) announces that upon the completion of the recent Alvito drilling program, Avrupa will retain 100% of the Alvito IOCG project in Portugal, as the partner has declined to earn its potential interest in the project.Read full newsRead More
"Stratabound Intercepts 60.1 gpt Gold over 0.9 Metre within Broader 2.53 gpt Gold over 33.1 Metres from Maiden Drill Program at Golden Culvert, Yukon Territory https://t.co/y6CIPeiTQJ #investing"Read full newsRead More
FCX was hit with an "underweight" rating at Barclays todayThe shares of Freeport-McMoRan Inc (NYSE:FCX) are down 2.2% to trade at $12.90, after Barclays initiated coverage on the mining stock with an "underweight" rating. While the analyst in coverage set a "positive" recommendation on the North American mining sector, they expressed concern about FCX's low growth and weak project pipeline. Opti...Read More
THE HAGUE (Reuters) - German Chancellor Angela Merkel on Wednesday welcomed progress in negotiations on a Brexit deal and said she wanted a close relationship with Britain after it leaves the European Union, especially on security matters.“I hope there is progress, apparently there is progress, but sometimes the devil is in the detail - so everything is only worked out when it is all worked...Read More
(Kitco News) - Gold is seeing some mild safe-haven demand in afternoon U.S.trading Wednesday, as the U.S. stock market is seeing strong losses and is atits daily low. The Dow Jones Industrial Average is down around 500 points. TheU.S. 10-year Treasury note yield hit a 10-year high today, to spook the stockmarket bulls. December gold was last up $3.10 an ounce at $1,194.80.By Jim Wyckoff For Kitco...Read More