A US law firm has filed a class action lawsuit against South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) on behalf of shareholders over losses suffered after a series of deaths at its mines, which has caused a sharp drop of the stock price.Suit comes after a fatality at the Khomanani mine earlier this week brought the death toll on company's premises to 21 so far this year.Bernstein Liebhar...Read More
A US law firm has filed a class action lawsuit against South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) on behalf of shareholders over losses suffered after a series of deaths at its mines, which has caused a sharp drop of the stock price.Suit comes after a fatality at the Khomanani mine earlier this week brought the death toll on company's premises to 21 so far this year.Bernstein Liebhar...Read More
(Adds detail, joint statement)JOHANNESBURG/LONDON, June 28 (Reuters) - Britain'sCompetition and Markets Authority (CMA) unconditionally clearedSibanye-Stillwater's proposed takeover of Lonminon Thursday saying the mining merger would notrequire a second phase investigation.The South African precious metals miner made an all-shareoffer for London-listed Lonmin in December in a 285 millionpound ($38...Read More
Gold has dropped 8 percent in the since early April. However, risk reversals still show rising demand for XAU put options (bearish bets), i.e. investors are likely expecting a further drop in prices. Gold fell to 2018 low of $1,352 yesterday and was last seen trading at $1,255 - down more than 8 percent from the April high of $1,366. The 14-day relative strength index (RSI) shows oversold condit...Read More
The SPDR Gold Trust ETF suffers a "death cross" and sets a new 2018 low.Nymex crude oil held my annual value level of $63.81 last week with a pivot at $70.38 and risky level of $74.21.The commodities ETF is above its technical "reversion to the mean" as crude oil recovers.The long dollar ETF is above its technical "reversion to the mean," trending above my annual pivo...Read More
Perhaps everything is going to turn out just fine. The American tactic of slapping new tariffs on just about every country in the world of consequence could turn out to be a brilliant negotiating strategy. Tariffs could end up forcing America's friends and foes to come to the table to cut historic deals of substance. Canada, Europe, Japan, and Mexico may all agree to lower trade barriers and tari...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed sharply lower on confusion over Trump administration policy towards Chinese investments in U.S. tech.Among FAANG stocks, Apple Inc. (AAPL) rose 0.3% and Alphabet Inc. (GOOGL) declined 0.6%.Conagra Brands Inc. (CAG) will acquire Pinnacle Foods Inc. (PF) in a cash-and-st...Read More
Chris VermeulenPosted Jun 27, 2018The US Equities markets rotated over 1.35% lower on Monday, June 25, after a very eventful weekend full of news and global political concerns.Much of this fear results from unknowns resulting from Europe, Asia, China, Mexico and the US.Currently, there are so many “contagion factors” at play, we don't know how all of it will eventually play out in the...Read More
The Wednesday Market Minute Global stocks soften as trade war focus shifts to U.S. investment laws.Asia shares slide, led by weakness in China and a stronger U.S. dollar, as investors fret over next move in global trade disputes.China stocks extend declines, even as yuan pegged at a six-month low against the dollar.Oil markets extend gains amid concerns over Libya supply and U.S. moves to s...Read More
For Part 1 of this interview, CLICK HEREDespite the quiet price on gold: there are current serious gold buyers bidding this market. Wall Street is now automated - fewer humans & more robots. Russia didn't need to hack Hillary - they had her password! We discuss new stewardship of monetary policy as well as the impact of automation within Wall Street. Algorithmic based trading has massive implicati...Read More
The latest news and price moves to start the Asian day on Thursday June 28.Base metals prices on the London Metal Exchange ended mostly lower at the close of trading on Wednesday June 27, with tin leading the charge with a more than 2% decline. Read more in our live futures report.Here are how prices looked at the close of trading:Comex copper prices were once again facing a bout of selling,...Read More
$50,000 Seems outrageous but starts appearing saner in the context of John Exter's inverse pyramid.Many things can trigger the unraveling, they all usually come back to Fed.Doug is confident Fed will not raise rates again this year.There will be a time when treasuries begin to crack, then gold and silver will begin to take off.When will $50,000 gold come?The story behind the interview: Doug Eberha...Read More
Investing.com - Gold prices were lower on Wednesday as the dollar strengthened and trade tensions eased.Comex gold futures for August delivery fell 0.20% to $1,257.40 a troy ounce as of 10:45 AM ET (14:45 GMT).Trade war worry eased after news that the White House administration istaking a less harsh approach to foreign investment restrictions. President Donald Trump wants Congress to pass and upda...Read More
The latest news and price moves to start the Asian day on Thursday June 28.Base metals prices on the London Metal Exchange ended mostly lower at the close of trading on Wednesday June 27, with tin leading the charge with a more than 2% decline. Read more in our live futures report.Here are how prices looked at the close of trading:Comex copper prices were once again facing a bout of selling,...Read More
While current stock-related headlines fixate on trade war and tariffs, oil prices, and real estate bubbles, little financial advice seems to be doing the rounds for risk investors.To remedy that, here are three stocks that have very high growth curves ahead of them. To minimize the risk, only the safest of high-growth stocks have been chosen.Guyana Goldfields Inc. (TSX:GUY)Still selling at a disco...Read More
There are about 1,500 stocks on the Toronto Stock Exchange. The biggest (and most popular) 250 or so stocks make up the S&P/TSX Composite Index, or the TSX index for short. In fact, these 250 stocks are so big that they make up around 70% of total market capitalization on the TSX.The received wisdom is that pretty much every mainstream stock worth trading on the TSX is included in the S&P...Read More
It has been a tough few years for investors in mid-tier gold miner Eldorado Gold Corp. (TSX:ELD)(NYSE:EGO). The deeply troubled miner has been heavily sold-off because of the market sensing an unacceptable degree of risk attached to its operations to see it down by a whopping 29% for the year to date. This has led to the emergence of claims by some pundits that Eldorado is an attractively valued o...Read More
Energy Fuels Inc (TSE:EFR, NYSE:UUUU) is mulling using recent cash raised to pay off long term debt as well as to finance vanadium production activities.The miner was added to the Russell 3000 index on June 25, and since May 11 has seen strength in its share price and increased volumes.READ: Uranium miner Energy Fuels joins Russell 3000 IndexBetween those dates it raised $16 million through...Read More
EDF and Veolia are to co-develop robotic solutions for dismantling gas-cooled reactors and for vitrifying radioactive waste in France and worldwide, under a partnership agreement announced on 26 June. The deal is one of a set of official cooperation agreements EDF has signed with European partners in the decommissioning and radioactive waste management sector.Jean-Bernard L?(C)vy, on the left, and...Read More
Base metals prices on the London Metal Exchange closed mostly in negative territory on Thursday June 28, with lead edging 1.5% lower amid broad downward trends in tin and copper. Although lead had previous shown some resilience to the recent slowdown across the complex, prices dropped below $2,400 per tonne for the first time since May 18. Broad strength in the dollar continues to weigh on th...Read More