(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 at its daily low. The Dow Jones Industrial Average is down around 500 points. The U.S. 10-year Treasury note yield hit a 10-year high today, to spook the stock market bulls. December gold was last up $3.10 an ounce at $1,194.80. By Jim Wyckoff For...Read More
NEW YORK (Reuters) - The U.S. economy is expanding at a 4.2 percent annualized rate in the third quarter, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday, following the release of the latest data on producer prices and wholesale trade.That was a tad faster than the 4.1 percent pace calculated on Oct. 5 by the Atlanta Fed's forecast program.Reporting by Richard Leong Discla...Read More
Barrick Gold Corporation announced today that it has filed its management information circular and related voting materials in connection with a special meeting of shareholders to be held on November 5, 2018.The Merger will create an industry-leading gold company powered by a common vision of long-term value creation. It will have the largest portfolio of Tier One Gold Assets in the industry, with...Read More
Gold futures settled with a modest gain on Wednesday, finding support from a drop in the U.S. stock market, though rising bond yields, which hovered near their steepest since 2011, limited the rise for the precious metal. December gold GCZ8, -0.24% tacked on $1.90, or 0.2%, to settle at $1,193.40 an ounce, extending its rise to a second straight session. December silver SIZ8, -0.01% fell 7.4 cent...Read More
(Kitco News) - The yellow metal’s poor performance this year is not “justified” and gold prices are overdue for a rally, according to New York-based WisdomTree Investments, which forecasts gold to climb back up to $1,320 an ounce next year.Spot gold on Kitco.com lost more than 11% in the last six months, last trading firmly below the key $1,200 an ounce level, while the December...Read More
Chile's Supreme Court upheld an environmental order for a gold mine owned by Canada's Kinross Gold Corp to close its water pumping wells, the environmental regulator said on Wednesday, bringing down the curtain on a long-running dispute that sparked the miners' retreat from Chile.The environmental watchdog, known locally as the SMA, initially ordered that the wells serving the Maricunga mine be sh...Read More
DISCA has been outperforming on the charts, as we had predicted Shares of Discovery, Inc. (NASDAQ:DISCA) are up 1.2% at $32.74 in afternoon trading, the stock still buzzing on its morning upgrade at Credit Suisse to "outperform" from "neutral," and price-target hike to $40 from $30. Below, we will take a look at how DISCA has been faring on the charts long term, and see why now may be an attracti...Read More
"New #IPO Next Green Wave $NGW is one of the top traders on the #CSE out of the gate this morning! #makingwaves #cannabis #hotstocks #potstocks @CSE_News Here's the top five 15 minutes in:$NF$HUGE$FONE$NGW$BAMM"Read full newsRead More
FLINT, Mich. (Reuters) - The Federal Reserve still has a “little bit more to go” on interest-rate hikes before they reach a level where they will neither stimulate nor restrain economic growth, a U.S. central banker said on Wednesday.The U.S. economy is doing “extremely well,” Chicago Fed President Charles Evans told more than a hundred people attending a Flint Genesee Cham...Read More
BRUSSELS (Reuters) - The European Union should change its budget rules to make them more effective in bringing down public debts, EU fiscal advisers said in a report on Wednesday, urging the bloc to scrap deficit targets for countries where debt is falling.The publication of the report coincides with a row between Italy and Brussels over the country’s 2019 budget, in which the eurosceptic It...Read More
These healthcare stocks are dodging the broad-market headwindsStocks are getting hammered today, with the tech sector leading the pullback. Three healthcare names making big moves are Myriad Genetics, Inc. (NASDAQ:MYGN), Ra Pharmaceuticals, Inc. (NASDAQ:RARX), and AcelRx Pharmaceuticals Inc (NASDAQ:ACRX). Check out what's happening with shares of MYGN, RARX, and ACRX below. MYGN Gets Bull Note Fro...Read More
The controlling shareholder in Chilean lithium producer SQM on Wednesday filed suit with Chile's Constitutional Court to block a deal allowing the sale of nearly one-fourth of the miner to China's Tianqi Lithium Corp.The lawsuit alleges that Chile's antitrust court last week failed to follow due process when it approved a settlement between Tianqi and Chilean regulators allowing the Chinese miner...Read More
"Enforcer Gold Announces Commencement of Phase 2 Drilling Program at the Roger Gold-Copper Project, Chibougamau, Quebec https://t.co/71v7Q4v0OX @EnforcerGold #goldmining"Read full newsRead More
"PyroGenesis (@PyroGenesisCan) (#TSXV: $PYR) Announces U.S. Congress Support for the Purchase of Two Aircraft Carriers [https://t.co/fKnOb36WpL]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #investments #tech #technology #plasma"Read full newsRead More
(Kitco News)- Gold investors don’t have to fear rising bond yields asbullish factors are growing in the marketplace, according to one marketanalyst.Maxwell Gold, director of investment strategy at ETF Securities by Aberdeen Standard InvestmentsIn a telephone interview with Kitco News, Maxwell Gold, director of investment strategy at ETFSecurities by Aberdeen Standard Investments said that...Read More
(Kitco News) - Gold investors don’t have to fear rising bond yields as bullish factors are growing in the marketplace, according to one market analyst. Maxwell Gold, director of investment strategy at ETF Securities by Aberdeen Standard Investments In a telephone interview with Kitco News, Maxwell Gold, director of investment strategy at ETF Securities by Aberdeen Standard Investments...Read More
"Next Green Wave (CSE:NGW) Chairman Leigh Hughes joined Proactive Investors to bring news the company is officially trading on the #CSE under the ticker $NGW .check out the video here - https://t.co/Ic5KRxAtQx#IPO #Cannabis @HIGH_TIMES_Mag @CSE_News #makingwaves #marijuana"Read full newsRead More
HELSINKI (Reuters) - U.S. President Donald Trump may meet Russia’s Vladimir Putin in Helsinki next spring, the daily newspaper Helsingin Sanomat said in its online edition on Wednesday, citing unnamed sources.Officials have started looking at possible dates for the meeting, it said.Finnish President Sauli Niinisto declined to comment on the likelihood of the meeting but said U.S. interest fo...Read More
NEW YORK (Reuters) - Bond investors increased their net bearish bets on longer-dated U.S. government debt on Tuesday following last week’s market selloff spurred by worries about rising inflation and a faster pace of Federal Reserve rate hikes, a J.P. Morgan survey showed on Wednesday.The margin of investors who said they were “short,” or holding fewer Treasuries than their portf...Read More
"??~? NEW #CANNABIS CO:Next Green Wave Holdings Inc. (@NextGreenWave) (#CSE: $NGW) Commences Trading asRead full newsRead More