Legendary investor Jim Rogers says market participants should enjoy the rally in stocks while it lasts, issuing a dire warning that "the worst correction of his lifetime" is coming. U.S. stocks opened higher on Monday as the corporate earnings season continued, with Bank of America reporting better-than-expected quarterly results. The Dow Jones Industrial Average rose 182 points, or 0.75%, to 24,...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks haven't declined on back-to-back days in April.Even with its gains on Monday, the Dow Jones Industrial Average remains more than 2,000 points below its all-time high of 26,616 on Jan. 26. Bank of America Corp. (BAC) rose 0.47% after the bank posted first-quarter earnings that topped forecasts. Netflix Inc. (NFLX) is schedule...Read More
Jack ChanPosted Apr 16, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation remains near recent new low and yet prices are holding firm.This is a massive bottoming pattern four years in the making, with prices currently t...Read More
Investing.com - Gold prices swung between small gains and losses on Monday despite heightened geopolitical risk as markets assessed the fallout from U.S.-led missile strikes on Syria on Friday.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange edged up 60 cents or 0.04% to $1,348.50 a troy ounce by 04:40 AM ET (08:40 AM GMT).Safe haven demand for gold was held...Read More
(Adds details, background. Changes media identifier)April 16 (Reuters) - Diversified miner Vedanta Resources Plc VED.L on Monday named South African miner AngloGold Ashanti Ltd's ANGJ.J Srinivasan Venkatakrishnan as chief executive officer.Venkatakrishnan's appointment comes as a rebound in metals prices has prompted the miner to expand production of zinc and aluminium, enabling it to continue i...Read More
3 Things in the Market to Know Right Now Tesla (TSLA) CEO Elon Musk is in fresh hot water, TheStreet's Executive Editor Brian Sozzi reports. According to new claims made in a securities lawsuit, Musk and several executives knowingly misled investors on Model 3 production. Netflix shares are up 55% year to date, far and away the best-performing among the FAANG (Facebook (FB) , Amazon (AMZN)...Read More
Proactive Investors Australia is delighted to invite you to attend the Proactive's CEO Investor Sessions in Sydney. EVENTS DETAILSLocation: Radisson Blu Hotel (Marble Room), Cnr Pitt & O'Connell St, Sydney.Time: Arrive from 11.15am to meet with presenting companies before their presentation.Presentations start: At 12pm.Lunch break: From 1pm to 1.20pm.Presentations start again: At 1.20pm.F...Read More
Proactive Investors Australia is delighted to invite you to attend the Proactive's CEO Investor Sessions in Melbourne.EVENTS DETAILSLocation: CQ Functions, 113 Queen Street, Melbourne.Time: Arrive from 11.15am to meet with presenting companies before their presentation.Presentations start: At 12pm.Lunch break: From 1pm to 1.20pm.Presentations start again: At 1.20pm.Finish time: Around 2pm and you...Read More
Our Chief Market Strategist, John Reade will be participating in a buyside-only workshop. Separated into small groups, participants in the buyside-only morning workshop will have the opportunity to discuss with their peers a number of topics of importance relating to ETFs, as well as raise any questions with, and obtain guidance from, outside experts.Topics to be discussed will include:How institu...Read More
Strong financial growth likely in FY18 backed by higher gold prices, marginally higher production and lower AISC.Robust financial flexibility with ample cash buffer, sustained free cash flows and zero debt.Clear growth visibility from core assets beyond FY18. Investment Overview Kirkland Lake Gold (NYSE:KL) has been in my coverage radar since April 18, 2017. After initiating coverage on the gold m...Read More
Trade tensions ramp up and cool down - tariffs are historically bearish for the dollar.The Middle East is about ready to explode.A trade war or outright war could curb the Fed's enthusiasm.Gold is close to a breakout level.Better opportunities in the yellow metal's precious cousins?The price of gold traded to a low in December 2015 at $1046.20 per ounce, and since then the yellow metal has been ma...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a mediocre 78-83-133. Rough diamond prices have been flat for the past month. The TSX Venture Exchange rose six points to 801. Glen MacDonald's foundering True North Gems Inc. (TGX) c...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for May delivery lost $1.17 to $66.22 on the New York Merc, while Brent for June lost $1.16 to $71.42 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.65 to WTI ($49.57...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold rose $0.10 to $1,345.50 on Monday. The TSX Venture Exchange rose 6.02 points to 801.96 while the TSX Gold Index lost 0.90 point to 189.36. Klondex Mines Ltd. (KDX) led Canadian gold miners lower today, dropping seven...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 6.02 points to 801.96 Monday.Amar Bhalla's halted Carlaw Capital V Corp. (CVC) has an update on its qualifying transaction. The company plans to acquire licensed marijuana grower Natural Med Company, whi...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellProsecutors in Alabama have asked that a judge keep an ankle bracelet on Brian Robert Sodi, the Florida stock tout also known as the "Mailman." They say that Mr. Sodi represents a substantial flight risk. He faces a lengthy prison term, owns a beach h...Read More
The latest news and price moves to start the Asian day on Tuesday April 17.Aluminium on the London Metal Exchange continued its record-breaking rally by the close of trading on Monday April 16, soaring to a high of more than $2,400 per tonne ahead of the 5pm close. Read more in our live futures report.Here are how prices looked at Monday's close:The London Metal Exchange will allow open posit...Read More
The Mining Committee of the Chilean parliament is expected to send a formal, written communication to state-owned Codelco to urge management to start a dialogue with workers at the century-old El Teniente mine.The decision was reached following a session organized by the parliament's lower chamber in which Codelco executives met with employees, the deputy ministers of mining and health and the fed...Read More
Researchers at the Sandia National Laboratories in Albuquerque are using ultrasonic waves to strip gold from SIM cards. In a report by ABC, materials chemist Dale Huber said that even though many different research groups are trying to recover the yellow metal from electronic waste, in most cases they are using environmentally unfriendly techniques like separating gold from other components by boi...Read More
Arctic Star Exploration (TSXV: ADD) announced today that it has received diamond results from caustic fusion analyses on the kimberlite discoveries within the Timantti Diamond Project in Finland.According to Rockstone Research, such a finding is important because, different from other sites around the world, Arctic Star's property is located in proximity to civilization and infrastructure. Timantt...Read More