GNC Holdings Inc (NYSE:GNC) stock is at the top of the New York Stock Exchange (NSYE) -- up 25.5% to trade at $5.26 -- afterthe health and wellness retailer announced a joint venture with Harbin Pharmaceutical to make and sell its products in China. The Chinese drumaker will also invest roughly $300 million in GNC, becoming its largest shareholder. The company also reported fourth-quarter earning...Read More
The jump up in bond yields that tripped up stocks this month ultimately came from concerns over the U.S. fiscal outlook, rather than a realization that the Federal Reserve's monetary tightening would restrict liquidity, according to Evercore ISI analysis.Read full newsRead More
* Battery technology evolving towards higher nickel useRead full newsRead More
The Midas Touch Gold Model?,,? is back to a neutral conclusion! Today our Midas Touch Gold Model?,,? moved back to a neutral conclusion as Gold in Chinese Yuan gave a new buy signal! This without a doubt is a ...Read full newsRead More
There has been some debate on Wall Street lately as to whether the "changing of the guard" at the Federal Reserve triggered the major stock market drop in February. Coincidence or not, we know that Jerome Powell was sworn in as the head of the Federal Reserve on Monday, Feb. 5, which wound up being the Dow Jones Industrial Average's (DJI) worst single-session point loss on record. The stock market...Read More
Pallinghurst Resources's precious gemstones miner Gemfields is standing up to disturbing allegations of human rights abuses at the company's Montepuez ruby mine in Mozambique, and disclosed it's now target of a legal claim on behalf of 29 locals.The company, the world's top coloured gems producer, accounting for roughly a third of the global supply of emeralds and rubies, revealed that human right...Read More
Pallinghurst Resources's precious gemstones miner Gemfields is standing up to disturbing allegations of human rights abuses at the company's Montepuez ruby mine in Mozambique, and disclosed it's now target of a legal claim on behalf of 29 locals.The company, the world's top coloured gems producer, accounting for roughly a third of the global supply of emeralds and rubies, revealed that human right...Read More
(Kitco News) - Goldpriceshave slipped from modestly higher levels seenovernight to near steady in late-morning trading Tuesday. The light sellingpressure comes as the U.S. stock market is lower, but the volatility is nothigh and the selling pressure is orderly. If volatility in the stock marketheats up today, then look for gold prices to see some fresh safe-haven demand. Selling pressure in the go...Read More
Concerns about competition from e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) have rattled several sectors recently, including shipping stocks. Today, the shares of several healthcare suppliers are lower on reports that Amazon is aiming to be a major hospital supplier (subscription required). Against this backdrop -- not to mention buzz about a big pharmacy merger in the works -- McKesson Corpor...Read More
Shares of AmerisourceBergen Corp. (NYSE:ABC) are up 13.9% in electronic trading -- which would mark their best day since mid-2000 -- amid reports Walgreens Boots Alliance (WBA) is considering a full takeover of the drug distributor. According to the Wall Street Journal, WBA -- which already owns a 26% stake in ABC -- is in early stage talks to buy out the remaining shares, though a formal offer ha...Read More
Mr. Michael Williams reportsVENDETTA REPORTS ADDITIONAL HIGH GRADE DRILLING RESULTS FROM THE RECENT BRIDGE ZONE DISCOVERY AT THE PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp. has released results from the Bridge zone and other drilling from the completed 2017 program at the Pegmont lead-zinc project in Queensland, Australia.Bridge zone sulphide highlights:PVRD132: six metres of 14.41 per cent Pb-...Read More
Mr. Michael Williams reportsVENDETTA REPORTS ADDITIONAL HIGH GRADE DRILLING RESULTS FROM THE RECENT BRIDGE ZONE DISCOVERY AT THE PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp. has released results from the Bridge zone and other drilling from the completed 2017 program at the Pegmont lead-zinc project in Queensland, Australia.Bridge zone sulphide highlights:PVRD132: six metres of 14.41 per cent Pb-...Read More
Stock futures are trading firmly below fair value this morning, signaling a reversal after two straight days of gains. Dow Jones Industrial Average (DJI) futures are down over triple digits, with anxiety ramping up ahead of the release of inflation data later this week. Traders are also digesting President Trump's newly unveiled budget proposal, which would more than double the U.S. deficit over...Read More
Iamgold Corp. (TSX: IMG; NYSE: IAG) reports that proven andprobable gold reserves at the end of 2017 increased by 86% to 14.5 millionounces from 7.8 million at the end of 2016. The addition of6.7 million ounces was primarily due to conversion of resources toreserves at the C??t?(C) goldproject in Ontarioand at the Botogold project in eastern Senega...Read More
MOSCOW, Feb 13 (Reuters) - Russia produced 306.9 tonnes of gold in 2017, up from 288.5 tonnes in 2016, the finance ministry said on Tuesday.Production for the period included 253.9 tonnes of mined gold compared with 237.8 tonnes in 2016, the ministry said in a report.Silver production totalled 1,044.3 tonnes in the January to December period, down from 1,088.9 tonnes in 2016, the ministry said. (R...Read More
(Kitco News) - Goldhas once again proved a viable diversifier in abalanced portfolio. As investors scrambled to meet margins on equity calls and found liquidity lacking asglobal markets were swinging widely, gold provided the liquidity for investors.The catalyst of higher yields and fears of accelerating inflation causedanalysts to re-examine equity valuations,and the large expected rise in the U....Read More
U.S. dollar weakness has supported gold so far Tuesday, although theabsence of traders from certain Asian gold-buying nations during the upcomingChinese New Year holiday period could take away physical buying for a spell,says Sam Laughlin, senior trader with MKS (Switzerland) S.A. Gold rose inAsia-Pacific trade, underpinned as the U.S. dollar fell against the Japaneseyen, he explains. Bullion move...Read More
Mr. John Burzynski reports OSISKO MINING PROVIDES ONTARIO EXPLORATION UPDATE Osisko Mining Inc. has provided an update on the progress of exploration at its 100-per-cent-owned Garrison gold project located in Garrison township, Ontario.Osisko has been conducting new exploration and definition drilling at Garrison for 20 months, since early 2016. As of the end of January, 2018, Osisko has completed...Read More
Mr. John Burzynski reports OSISKO MINING PROVIDES ONTARIO EXPLORATION UPDATE Osisko Mining Inc. has provided an update on the progress of exploration at its 100-per-cent-owned Garrison gold project located in Garrison township, Ontario.Osisko has been conducting new exploration and definition drilling at Garrison for 20 months, since early 2016. As of the end of January, 2018, Osisko has completed...Read More
(Kitco News) - Goldprices are modestly up in early U.S. trading Tuesday. Some mild safe-havendemand is featured as the U.S. stock market is set to open lower. The preciousmetals are also supported by a lower U.S. dollar index on this day. April Comex gold futures were last up $2.50 an ounce at $1,328.90. March Comex silver waslast down $0.02 at $16.55 an ounce.Worldstock markets were mixed but mos...Read More