Canuc Resources Corporation (TSXV: CDA)('Canuc' or the 'Company') is pleased to announce that it has completed a vertical amalgamation (the 'Vertical Amalgamation') with its wholly-owned subsidiary, Santa Rosa Silver Mining Corporation, pursuant to subsection 177 of the Business Corporations Act (Ontario).Read full newsRead More
Minera Alamos Inc. ("Minera Alamos") (TSX VENTURE:MAI) and Corex Gold Corporation ("Corex") (TSX VENTURE:CGE) are pleased to announce that they have entered into a definitive arrangement agreement dated January 30, 2018 (the "Agreement") to combine the two companies, creating a well-funded, multi-asset, Mexican gold development company (the "Transaction").Read full newsRead More
CloseGain/LossGold $1336.80-$5.20Silver$17.11-$0.07XAU86.56-1.03%HUI194.03-0.89%GDM656.14-1.09%JSE Gold1239.40-60.77USD89.23-0.13Euro123.97+0.14Yen91.97+0.06Oil$64.50-$1.0610-Year2.724%+0.033T-Bond147.34375-0.78125Dow26076.89-1.37%Nasdaq7402.48-0.86%S&P2822.43-1.09% The Metals: Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then...Read More
- Property crisis in London as over half of 1,900 luxury apartments built 2017 fail to sell- London's still high priced property causes companies to locate offices elsewhere- At current rates, glut of London properties will take three years to sell- Leading London-based estate agents Foxtons' sees 42% drop in earnings, yoy- UK's largest estate agent issues second profit warning in three months-...Read More
Deutsche Bank and its associate group, UBS, HSBC etc have been fined by the CFTC for gold price manipulation. I am sure silver prices are being manipulated by a group of banks and hedge funds. Silver is undervalued. Long term industrial uses of silver will exceed production. Those who had invested in physical silver have lost all hope that silver prices can rise. Some of the silver investors are...Read More
CloseGain/LossGold $1336.80-$5.20Silver$17.11-$0.07XAU86.56-1.03%HUI194.03-0.89%GDM656.14-1.09%JSE Gold1239.40-60.77USD89.23-0.13Euro123.97+0.14Yen91.97+0.06Oil$64.50-$1.0610-Year2.724%+0.033T-Bond147.34375-0.78125Dow26076.89-1.37%Nasdaq7402.48-0.86%S&P2822.43-1.09% The Metals: Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then...Read More
- Property crisis in London as over half of 1,900 luxury apartments built 2017 fail to sell- London's still high priced property causes companies to locate offices elsewhere- At current rates, glut of London properties will take three years to sell- Leading London-based estate agents Foxtons' sees 42% drop in earnings, yoy- UK's largest estate agent issues second profit warning in three months-...Read More
Deutsche Bank and its associate group, UBS, HSBC etc have been fined by the CFTC for gold price manipulation. I am sure silver prices are being manipulated by a group of banks and hedge funds. Silver is undervalued. Long term industrial uses of silver will exceed production. Those who had invested in physical silver have lost all hope that silver prices can rise. Some of the silver investors are...Read More
By Wayne ColeSYDNEY, Jan 31 (Reuters) - Australian consumer prices remained subdued last quarter as core inflation ended a second whole year below the central bank's target, leading investors to widen the odds on a hike in interest rates anytime soon.The local dollar fell a quarter of a U.S. cent as the headline consumer price index (CPI) rose 0.6 percent in the December quarter, missing forecasts...Read More
* KOSPI index reverses earlier losses, foreigners sell* Korean won rose versus U.S. dollar* South Korea bond yields were down SEOUL, Jan 31 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Wednesday. The Korean won rose inched up against the dollar while bond yields fell. ** At 0100 GMT, the KOSPI was up 6.52 points or 0.3 percent at 2,574.26. The...Read More
* Dollar steady vs basket of major currencies* Traders await Trump's address, Fed policy statement By Masayuki KitanoSINGAPORE, Jan 31 (Reuters) - The dollar held steady against a basket of major rivals on Wednesday, as investors awaited the U.S. Federal Reserve's policy decision and U.S. President Donald Trump's State of the Union address.The dollar index, which measures the greenback against a...Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* LME Copper Stock Arrivals: * LME Copper Stocks: By Andy HomeLONDON, Jan 30 (Reuters) - You don't get much market bang for 100,000 tonnes of copper these days. Or 101,725 tonnes to be precise, which is the amount of metal that was dumped into the London Metal Exchange (LME) warehouse network ov...Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* LME Copper Stock Arrivals: * LME Copper Stocks: By Andy HomeLONDON, Jan 30 (Reuters) - You don't get much market bang for 100,000 tonnes of copper these days. Or 101,725 tonnes to be precise, which is the amount of metal that was dumped into the London Metal Exchange (LME) warehouse network ov...Read More
Jan 31 (Reuters) - NZX Ltd said on Wednesday it had signed a memorandum of understanding with Hong Kong Exchanges and Clearing Ltd as the two exchanges look to collaborate on a range of assets."This supports the New Zealand exchange's commitment to increase its international presence as outlined in NZX's recently released strategy," NZX Chairman James Miller said in a statement.The memor...Read More
BEIJING, Jan 31 (Reuters) - Growth in China's manufacturing sector slowed more than expected in January in the face of a cooling property market and tighter pollution rules that have curtailed factory output.The official Purchasing Managers' Index (PMI) released on Wednesday dipped to 51.3 in January, from 51.6 in December. But it remained comfortably above the 50-point mark that separates growth...Read More
BEIJING, Jan 31 (Reuters) - Growth in China's services industry picked up in January, an official survey showed on Wednesday, suggesting the key sector is continuing to expand robustly at the start of 2018.The official non-manufacturing Purchasing Managers' Index (PMI) rose to 55.3 from 55 in December.China's leaders are counting on growth in services and consumption to rebalance their economic gr...Read More
* BOJ should mull adjusting yield target in future - one member* Undesirable for markets to price in near-term normalisation* Some members said BOJ must maintain powerful easing (Adds quotes, detail)By Leika KiharaTOKYO, Jan 31 (Reuters) - Several Bank of Japan policymakers said the bank may need to consider raising interest rates or slow its risky asset purchases if economic and price conditions...Read More
CNBC looked at all the times in the last 10 years when the Cboe Volatility index jumped 5 points in five days to see which ETFs outperformed during this period. In such instances, the iShares 20+ Year Treasury Bond ETF (TLT) has averaged a 2.1 percent gain. Gold also tends to outperform in times of market anxiety. Thomas Franck| @tomwfranck Published 5 Hours AgoUpdated5 Hours AgoCNBC.com Gabrie...Read More
CHICAGO, Jan 30 (Reuters) - Illinois lawmakers on Tuesday expressed interest and skepticism in an idea that the U.S. state should sell $107 billion of bonds to address its huge unfunded pension liability.At a hearing before the Illinois House Personnel and Pensions Committee, Runhuan Feng, an associate professor of mathematics at the University of Illinois, laid out a plan for selling taxable 27-y...Read More
(Adds analyst's quote, detail)* Dec output +2.7 pct m/m vs forecast +1.6 pct* Output seen -4.3 pct in Jan, +5.7 pct in Feb* METI maintains view of output as "picking up"* Factory output closely correlates with GDP growth* Output gap shows demand tops supply by most since 2008 By Tetsushi KajimotoTOKYO, Jan 31 (Reuters) - Japan's industrial output grew in December at the fastest pace in...Read More