Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The VIX is trading at its highest point since JuneIt's been a roller-coaster ride on Wall Street today, with the Dow Jones Industrial Average (DJI) erasing steep early morning losses to briefly trade in positive territory. The blue-chip index was down more than 200 points at last check, though, and appears headed toward a third straight loss alongside the S&P 500 Index (SPX) and Nasdaq Composite...Read More
HPQ's pullback to double-barreled support could have bullish implicationsShares of HP Inc (NYSE:HPQ) are slightly lower in afternoon trading, last seen down 0.3% at $25.27. Although the tech stock has been a long-term outperformer, itrecently pulled back to a historically bullish trendline and key level on the charts. Below, we will dive into how HP stock has been faring of late, and why now migh...Read More
(Kitco News) - Gold and mining shares put in a bottom during August and are on the way up, owing to spiraling U.S. sovereign credit and an imminent recession, according to Tocqueville Asset Management. "We believe that the gold market bottomed in August, and that exposure to precious metals is a credible strategy to mitigate risk of a dollar collapse," said John Hathaway, chairman of Tocqueville...Read More
(Kitco News) - Gold and mining shares put in a bottom during August and are on the way up, owing to spiraling U.S. sovereign credit and an imminent recession, according to Tocqueville Asset Management. "We believe that the gold market bottomed in August, and that exposure to precious metals is a credible strategy to mitigate risk of a dollar collapse," said John Hathaway, chairman of Tocqueville...Read More
There is a widespread myth that small-scale and informal gold mining is the most lucrative livelihood for local and migrant communities in the Peruvian Amazon, and illegal mining is increasing every day. While many people are trying to make a living from mining, thoseRead full newsRead More
"UNICREDIT HALTED, LIMIT DOWN AFTER FALLING 5% IN MILANUBI HALTED, LIMIT DOWN AFTER FALLING 5% IN MILANMEDIOBANCA HALTED, LIMIT DOWN AFTER FALLING 5% IN MILAN"Read full newsRead More
RandGold Resources CEO Mark Bristow has resigned from the conservation council of a big cat protection organisation, Panthera following UK reports picturing him on hunting trips.Last week, The Daily Mail published controversial images of Bristow posing next to dead elephants, antelope, gazelle, a hippo, lion, buffalo, zebra, and a leopard. Panthera chairperson Thomas Kaplan said that he had ac...Read More
NEW YORK (Reuters) - A gauge of global equity markets slumped on Monday amid unease over the impact of the escalating U.S.-Sino trade war on China’s growth, while the dollar gained versus the euro and Italian bond yields spiked on the ongoing spat over Italy’s budget plans.European markets slid, with defensive stocks under pressure as investor confidence took a knock from last week&rsq...Read More
SHANGHAI (Reuters) - General Motors Co’s (GM.N) quarterly sales in China fell for the first time in over a year, hit by faltering economic growth and a wider slowdown in the world’s biggest auto market amid a whipsawing trade war with the United States.The U.S. carmaker sold 835,934 vehicles in the third quarter ended September, down a sharp 14.9 percent from a year earlier, which the...Read More
Hawkeye Gold & Diamond (TSX.V-HAWK) has claimed another 137 hectares at the company's McBride property in British Columbia's Golden Triangle.Following September's announcement that it had acquired 100% interest at McBride, a Phase 2 work program began October 7.The program will evaluate the historically reported high-grade copper mineralization from the "Breccia zone" on the newly staked claims. I...Read More
Hawkeye Gold & Diamond (TSX.V-HAWK) has claimed another 137 hectares at the company's McBride property in British Columbia's Golden Triangle.Following September's announcement that it had acquired 100% interest at McBride, a Phase 2 work program began October 7.The program will evaluate the historically reported high-grade copper mineralization from the "Breccia zone" on the newly staked claims. I...Read More
Hawkeye Gold & Diamond (TSX.V-HAWK) has claimed another 137 hectares at the company's McBride property in British Columbia's Golden Triangle.Following September's announcement that it had acquired 100% interest at McBride, a Phase 2 work program began October 7.The program will evaluate the historically reported high-grade copper mineralization from the "Breccia zone" on the newly staked claims. I...Read More
Hawkeye Gold & Diamond (TSX.V-HAWK) has claimed another 137 hectares at the company's McBride property in British Columbia's Golden Triangle.Following September's announcement that it had acquired 100% interest at McBride, a Phase 2 work program began October 7.The program will evaluate the historically reported high-grade copper mineralization from the "Breccia zone" on the newly staked claims. I...Read More
Volatility expectations are rising on both names ahead of the Oct. 28 runoff electionBrazilian stocks are gaining today, after far-right candidate Jair Bolsonaro won the first round of the country's presidential election. At last check, the shares of the iShares MSCI Brazil ETF (EWZ) are trading up 6.6% at $39.06 -- on track to for their first close north of the 200-day moving average since April...Read More
AMSTERDAM (Reuters) - The European Central Bank (ECB) will have to start discussing the timing of an interest rate hike in January, while the risks related to ultra-loose financial conditions continue to rise, Dutch central bank governor Klaas Knot said on Monday.“No one can expect the current accommodative financial conditions to remain for long. And when they change it will become apparent...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he does not plan to fire Rod Rosenstein, the Justice Department official in charge of the federal investigation into Russian meddling in the 2016 presidential election.“No I don’t, no,” Trump told reporters when asked if he had plans to fire the No. 2 Justice Department official. Rosenstein was flying with Trump on...Read More
(Kitco News) - Gold has shown resilience over the last few years despitestrength in the U.S. dollar, according to a report from Bloomberg Intelligence.Further, the large bearish position among futuresspeculators means potential for short covering in gold, he said. This is whentraders buy to cover bearish, or short, positions. “Gold appears to benear an inflection point of a maximum loss of...Read More
(Kitco News) - Gold has shown resilience over the last few years despite strength in the U.S. dollar, according to a report from Bloomberg Intelligence.Further, the large bearish position among futures speculators means potential for short covering in gold, he said. This is when traders buy to cover bearish, or short, positions. “Gold appears to be near an inflection point of a maximum loss...Read More
(Reuters) - Apollo Global Management LLC (APO.N) on Monday agreed to buy a $1 billion portfolio of equity investments in energy assets from General Electric’s (GE.N) finance arm GE Capital, as the U.S. conglomerate looks to narrow its focus on its industrial roots.GE Capital’s energy portfolio has about 20 investments in renewable energy, contracted natural gas fired generation and mid...Read More