The South African workers had been stuck since Wednesday, when a power cut stopped the lifts.Read full newsRead More

Toronto-based Yamana Gold said on Friday that an accident at its Gualcamayo mine in Argentina resulted in two fatalities.Read full newsRead More

All of the nearly 1000 miners trapped in the Sibanye-Stillwater's Beatrix gold mine in South Africa due to a power outage were brought back to the surface.Read full newsRead More

The rescue team faced the difficult task of bringing up hundreds of workers one at a time from the 700-meter deep mine. The workers had been trapped in the mine since Wednesday evening.Read full newsRead More

The miners were trapped after a power outage knocked out the elevators that were used to take them to the surface.Read full newsRead More

Unemployment rate holds at 4.1%, matching lowest since 2000Average workweek unexpectedly falls to 34.3 hours from 34.5U.S. January payrolls rose by 200,000, while the jobless rate held at 4.1 percent. Bloomberg's Michael McKee reports.U.S. hiring picked up in January and wages rose at the fastest annual pace since the recession ended, as the economy’s steady move toward full employment exte...Read More

The Dow Jones Industrial Average plunged 665 points and other stock indexes fell sharply as bond yields spiked on Friday, Feb. 2, after the U.S. added 200,000 jobs to payrolls in January, above forecasts, and yearly wage gains rose at the fastest pace since the Great Recession of 2008-2009.  It was the sixth largest single-day point drop for the Dow in history. The Dow declined by 2.5%...Read More

Adam HamiltonArchivesFeb 02, 2018 Global investors are radically underinvested in gold today. Years of relentless stock-market rallying to endless new record highs have left this classic alternative investment deeply out of favor. But this gold-demand ebb is ending. The same central banks that fueled these extreme stock markets through epic easing are reversing to massive and unprecedented tighten...Read More

10-year yield tops 2.83%, dollar erases losses for weekS&P 500 down 3.9 percent in week, most since early 2016U.S. Adds 200,000 Jobs in Jan., Jobless Rate Holds at 4.1%The Dow Jones Industrial Average tumbled 666 points in the biggest plunge since June 2016, as the worsening bond rout stirred angst that the Federal Reserve will accelerate its rate-hike schedule.Solid jobs data that underscored the...Read More

Bitcoin prices continued their sharp decline Friday, taking the value of the world's best-known cryptocurrency to the lowest levels since November amid a global digital coin selloff that has loped more than $400 billion from its market value.  Bitcoins were marked at $7,770.00 each on the bitstamp exchange in Luxembourg, which feeds prices into the CME Group futures contract, down 13.6...Read More

U.S. equity futures held sharp losses on Friday, Feb. 2, after the U.S. added 200,000 jobs to payrolls in January, above forecasts, and yearly wage gains rose at the fastest pace since 2009. Economists were forecasting jobs gains of 175,000 last month. The unemployment rate of 4.1% in January held steady from December. But yearly wages rose 2.9% from 2.6% after average hourly wages rose 9 c...Read More

After Trump announced the steep 30% U.S. tariffs on imports of solar panels and washing machines. the Chinese Commerce Ministry expressed "strong dissatisfaction" and said it "aggravates the global trade environment."Trump is not done with tariffs. In the days and weeks ahead, we can expect further announcements with regard to steel and aluminum imports to the U.S. Again, such imports come largely...Read More

Ready or not, a trade war between the U.S. and China is underway.On Monday, Jan. 22, President Trump announced steep 30% U.S. tariffs on imports of solar panels and washing machines.What was significant about these tariffs is that they are being applied worldwide. The tariffs are not aimed at China alone, but China is by far the largest source of solar panels shipped to the U.S., and China and Sou...Read More

Buckle your seatbelt - the market has been on a bumpy ride this week.And in light of the recent sell-off in pot stocks, it's worth taking a deeper look at what's happening in the markets.Consider this your pot-stock correction survival guide.Of course, this isn't the first correction in pot stocks we've weathered over the past year.But it is the first time in a long time that all the pot markets h...Read More

Even the best predictions aren't always accurate.Weather forecasters were expecting a cloudy, dreary morning in western Pennsylvania. Yet the famous groundhog Punxsutawney Phil still managed to see his shadow this morning. If legend holds true, that means we'll have to bundle up for six more weeks of frigid winter weather.Stocks were also spooked by their shadows this Groundhog Day. Futures are dr...Read More

Did you watch Trump’s State of the Union Address? The whole thing??I don’t blame you if you skipped out early. Because according to one commentator, this was the third longest speech of its kind in American history!But if you did turn off the TV to call it a night early, you may have missed the latest information on Trump’s $1.5 trillion plan. And as an investor, you do NOT want...Read More

We're constantly being told nowadays that the economy has been gathering steam and we can expect further growth ahead.OK, fine, but let's take a look at real U.S. GDP annual growth since the recession ended in 2009:2010: 2.5%2011: 1.6%2012: 2.2%2013: 1.7%2014: 2.6%2015: 2.9%2016: 1.5%2017: 2.3%It all averages out to: 2.16%.Where's the steam? Can someone show me the “Trump Boom” please?...Read More

Sibanye Gold is far from achieving the targeted leverage ratio of less than 1X by acquiring Stillwater alone.Investors see more value in Sibanye after acquiring 38% stake in DRDGold that will oversee operational developments.Share price fell 65% last year, but a rally in palladium and gold prices, along with declaring scrip dividends, would offset the share price overhang. Image Source: Company we...Read More

Power was restored to Beatrix mine early Friday morningSevere storm caused power-supply outage on Wednesday nightA bus transports some of the hundreds of miners rescued from the Beatrix gold mine shaft on Feb. 2.Photographer: Gianluigi Guercia/AFP via Getty ImagesThe 955 mine workers who spent more than a day trapped underground in Sibanye Gold Ltd.’s Beatrix mine in South Africa...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 CaswellHarris Dempsey "Butch" Ballow, charged alongside former B.C. newsletter writer Al Budai for a pink sheets scheme, has pleaded guilty. He entered the plea in an appearance on Friday, Feb. 2, before Texas Judge Ewing Werlein Jr. As part of the plea agre...Read More