Political developments in the UK and the NATO summit will affect currencies as well as metals and energies. If gold and silver fall today, then physical buyers will be absent as they will be waiting for more correction. Today and tomorrow are crucial days for gold, silver and copper. They need to float over current prices to rise further. Sharp short-term corrections (if any) in gold and silver...Read More
- "Chaotic" Brexit more likely after Davis, Johnson resignations from UK government- London's rivals are slowly carving chunks out of its financial services business- UK's Brexit options are increasingly unappealing which may pressure the pound- Already Frankfurt, Paris, Luxembourg and Dublin seeing more foreign direct investment and financial services jobs- Risk of "death by a thousand cuts"...Read More
Political developments in the UK and the NATO summit will affect currencies as well as metals and energies. If gold and silver fall today, then physical buyers will be absent as they will be waiting for more correction. Today and tomorrow are crucial days for gold, silver and copper. They need to float over current prices to rise further. Sharp short-term corrections (if any) in gold and silver...Read More
Steve HollandWASHINGTON (Reuters) - President Donald Trump will likely declare U.S. support for NATO’s mutual defense doctrine while pressing for increased spending commitments from NATO allies at a high-stakes summit in Brussels, a senior administration official said on Tuesday.Trump arrived in Brussels on Tuesday night for what is shaping up to be an unpredictable day of talks on Wednesday...Read More
WASHINGTON (Reuters) - The United States has decided to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to the trade dispute failed to reach an agreement, senior administration officials said on Tuesday.U.S. Trade Representative Robert Lighthizer said the United States would impose tariffs of 10 percent on the additional Chinese imports.The move wou...Read More
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Lions Bay Files Early Warning Report Pursuant to National InstrumentRead full newsRead More
After an unsuccessful attempt yesterday to break above the current resistance level, gold returns to trading under pressure. Today’s market activity resulted in gold futures declining by approximately $3.20, which is a quarter percent decline. Gold futures are currently fixed at $1,256.40.Yesterday gold traded to an intraday high of just below $1,267 per ounce, which is the current resistanc...Read More
After an unsuccessful attempt yesterday to break above the current resistance level, gold returns to trading under pressure. Today’s market activity resulted in gold futures declining by approximately $3.20, which is a quarter percent decline. Gold futures are currently fixed at $1,256.40.Yesterday gold traded to an intraday high of just below $1,267 per ounce, which is the current resistanc...Read More
In the first of three interviews with experts in the field, the Investing News Network talks with Rick Rule about what makes jurisdictions risky for miners and investors.Read full newsRead More
The S&P and Nasdaq also gained for a fourth straight dayThe Dow jumped at the open and never looked back, as strong days for consumer staples stocks Procter & Gamble (PG) and Walmart (WMT) helped lift the blue-chip index to its fourth straight win. The S&P also brought its daily win streak to four on a positive earnings reaction for PepsiCo (PEP). Meanwhile, the Nasdaq lost steam in afternoon trad...Read More
BOSTON (Reuters) - Two former employees of rival biopharmaceutical companies were convicted on Tuesday on U.S. charges that they used their access to confidential information about drug studies to profit in the stock market through insider trading.A federal jury in Boston found Schultz Chan, a former Akebia Therapeutics Inc employee, and Songjiang Wang, who worked at Merrimack Pharmaceuticals Inc,...Read More
Gold has seen nearly a 10% decline over the past three months.The recent point of control near $1,258/oz may be viewed in hindsight as a launchpad or as a point of consolidation and rejection.We are cautiously optimistic that the technical, COT, and other signals have aligned for a bottom, but investors should be careful here.It has been a difficult three months for gold bulls. After peaking once...Read More
SAN FRANCISCO (Reuters) - Alphabet Inc’s Google introduced new ad-buying tools on Tuesday that showcase its growing push to allow machines instead of humans to fine-tune ads and determine where they should run.Advertisers have welcomed the advanced software, which could encourage them to spend more on Google as it makes more efficient use of their money. But consumer privacy and technology a...Read More
(Bloomberg) - China's goal of putting more electric cars on the road is proving a bonanza for a South Korean tycoon.Huh Chin-kyu, the 77-year-old founder and chairman of Seoul-based Iljin Group, has become his country's latest billionaire thanks to increasing demand for the firm's copper coils, a key component of rechargeable batteries used in electric vehicles. The company's Iljin Materials unit...Read More
(Bloomberg) - China's goal of putting more electric cars on the road is proving a bonanza for a South Korean tycoon.Huh Chin-kyu, the 77-year-old founder and chairman of Seoul-based Iljin Group, has become his country's latest billionaire thanks to increasing demand for the firm's copper coils, a key component of rechargeable batteries used in electric vehicles. The company's Iljin Materials unit...Read More
Tesla Inc. and the Shanghai government have left out a crucial detail in announcing a groundbreaking deal for the biggest name in electric cars to build its vehicles in China: how much it's all going to cost.Read full newsRead More
NEW YORK (Reuters) - The Dow and S&P 500 rose on Tuesday, extending recent gains as strong results from PepsiCo boosted optimism about the earnings season, while the Nasdaq was flatPepsiCo’s shares surged 4 percent and were poised for their biggest one-day jump in nearly seven years after the company’s quarterly results topped estimates on strong sales of snacks.The company also re...Read More
WASHINGTON, July 10 (Reuters) - The New York Federal Reserve was the only Fed bank that did not vote in favor of increasing the rate commercial banks pay for emergency loans ahead of the central bank's latest policy meeting, minutes of the Fed discount rate discussions showed on Tuesday.The U.S. central bank increased the discount rate by a quarter percentage point to 2-1/2 percent and also increa...Read More
WYNN stock has struggled, but just flashed a buy signalShares of Wynn Resorts, Limited (NASDAQ:WYNN are climbing today, up 3.1% to trade at $165.06. The recent bounce comes after the gaming stock had pulled back to a trendline with bullish implications. With this in mind, it may be time to bet on a sustainable WYNN recovery.Last week, a second straight monthly revenue miss at Macau caused Wynn s...Read More