Mr. Brett Heath reports METALLA ANNOUNCES PRODUCTION RESULTS AND GUIDANCE FOR FISCAL 2018 AND 2019Metalla Royalty and Streaming Ltd. has released preliminary production results for the 12 months ended May 31, 2018, of 519,791 ounces of attributable silver, where 429,315 ounces were sold and provisionally invoiced, and 90,476 ounces remained as inventory to be realized in the subsequent quarter. To...Read More
Mr. Brett Heath reports METALLA ANNOUNCES PRODUCTION RESULTS AND GUIDANCE FOR FISCAL 2018 AND 2019Metalla Royalty and Streaming Ltd. has released preliminary production results for the 12 months ended May 31, 2018, of 519,791 ounces of attributable silver, where 429,315 ounces were sold and provisionally invoiced, and 90,476 ounces remained as inventory to be realized in the subsequent quarter. To...Read More
(Reuters) - Rating agency Moody’s Investor Service said on Wednesday a strengthening US dollar since mid-April has increased the credit risk of several emerging markets due to currency depreciation.A Moody’s report said a strong dollar would also lead to a drop in foreign exchange reserves of countries such as Argentina, Ghana, Mongolia, Pakistan, Sri Lanka, Turkey, and Zambia.Chile, C...Read More
WASHINGTON (Reuters) - The White House will likely soon announce U.S. President Donald Trump's pick of former Fox News executive Bill Shine to become the next White House communications director, a White House official on Wednesday.The job has been vacant since Hope Hicks, Trump's campaign confidante, left in February.Shine resigned in May 2017 as co-president of Fox News Channel in the wake of a...Read More
(Reuters) - Rating agency Moody’s Investor Service said on Wednesday a strengthening US dollar since mid-April has increased the credit risk of several emerging markets due to currency depreciation.A Moody’s report said a strong dollar would also lead to a drop in foreign exchange reserves of countries such as Argentina, Ghana, Mongolia, Pakistan, Sri Lanka, Turkey, and Zambia.Chile, C...Read More
Bearish pressure persists as US Dollar Index remains on demand. Gold prints fresh year-to-date low, holds above $1250. Gold failed to break above $1260 and turned lower, hitting a fresh multi-month low at $1252.50. Price was hovering slightly above recent lows and holding so far on top of the $1250 area. The bearish pressure persists as the greenback remains strong in the market. US Dollar Index...Read More
NEW YORK (Reuters) - Democrats searched for meaning on Wednesday in the shocking upset of U.S. Representative Joseph Crowley, a member of the Democratic House leadership, by a 28-year-old liberal organizer in a New York primary ahead of November’s midterm elections.Crowley, a 10-term incumbent, was ousted by former Bernie Sanders organizer Alexandria Ocasio-Cortez in a safely Democratic dist...Read More
VICTORIA, British Columbia (Reuters) - The effects of U.S. steel and aluminum tariffs and tighter mortgage rules will “figure prominently” in the Bank of Canada’s July decision on interest rates, Governor Stephen Poloz said on Wednesday.In a speech promising increased transparency from the central bank in an age of economic uncertainty, Poloz said there was “a litany of thi...Read More
WASHINGTON (Reuters) - Supreme Court Justice Anthony Kennedy said on Wednesday he plans to retire after three decades as a pivotal vote on the highest U.S. judicial body, giving President Donald Trump an opportunity to make the court more firmly conservative.The conservative Kennedy, who turns 82 in July and is the second-oldest justice on the nine-member court, has become one of the most conseque...Read More
Yamana Gold has launched commercial production at its Cerro Moro mine, with the project on both schedule and budget after construction began a few years ago.Read full newsRead More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...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.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 market professional survey.Readers can al...Read More
(Reuters) - The effects of U.S. steel and aluminum tariffs and tighter mortgage rules will “figure prominently” in the Bank of Canada’s July decision on interest rates, Governor Stephen Poloz said on Wednesday.In a speech promising increased transparency from the central bank in an age of economic uncertainty, Poloz said there is “a litany of things we simply do not know&rd...Read More
(Reuters) - The effects of U.S. steel and aluminum tariffs and tighter mortgage rules will “figure prominently” in the Bank of Canada’s July decision on interest rates, Governor Stephen Poloz said on Wednesday.In a speech promising increased transparency from the central bank in an age of economic uncertainty, Poloz said there is “a litany of things we simply do not know&rd...Read More
(Reuters) - U.S. money market fund assets increased by $25.42 billion to $2.788 trillion in the week ended June 26, the Money Fund Report said on Wednesday.Taxable money market fund assets increased by $26.07 billion to $2.652 trillion, while tax-free assets decreased by $648.90 million to $135.41 billion, according to the report, published by iMoneyNet.The iMoneyNet Money Fund Average 7-Day Simpl...Read More
Short interest accounts for more than 19% of CHK's total available floatStocks have reversed lower this afternoon, despite an early rally with oil. Three stocks makingnoteworthy moves are e-commerce name Shopify Inc (NYSE:SHOP), oil and gas concern Chesapeake Energy Corporation (NYSE:CHK), and satellite service provider Intelsat SA (NYSE:I). Below, we will take a closer look at howshares of SHO...Read More
WASHINGTON (Reuters) - New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter.Other reports on Wednesday showed a sharp narrowing in the goods trade deficit last month, the latest indication that the economy was accelerating this quarter after...Read More
WASHINGTON (Reuters) - New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter.Other reports on Wednesday showed a sharp narrowing in the goods trade deficit last month, the latest indication that the economy was accelerating this quarter after...Read More
VIX is on track for its biggest monthly gain since FebruaryVolatility has ramped up in the U.S. stock market recently, as concerns over a possible trade war with the U.S. and China resurfaced. The Cboe Volatility Index (VIX) -- commonly referred to as the market's "fear gauge" -- has surged nearly 59% since its early June lows, last seen at 17.87, and is pacing for its biggest monthly gain since F...Read More
NEW YORK (Reuters) - U.S. Treasury yields fell to four-week lows on Wednesday on concerns that trade wars will harm economic growth, even after U.S. President Donald Trump indicated that he would not impose restrictions on Chinese investments in U.S. technology firms.Trump said he will use a strengthened national security review panel process to deal with potential threats from Chinese acquisition...Read More