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Tesla’s Musk Investigated Over SolarCity by Congress

November 16, 2016 / www.thedailybell.com

It's Time to Stop Spending Taxpayer Dollars on Elon Musk and Cronyism ... The Senate Finance Committee and the House Ways and Means Committee have launched a probe into tax incentives paid to solar companies, according to The Wall Street Journal. The committee probes, led by their respective Republican chairmen, Rep. Kevin Brady of Texas and Sen. Orrin Hatch of Utah, have found an appropriate and...Read More

How to Invest in These 'Out of Whack' Markets - Eric Coffin

November 16, 2016 / www.youtube.com

Hard Rock Advisors' editor Eric Coffin thinks the way investors are reacting to the U.S. election is a little 'out of whack' and it is an important time to remain cautious. He says there is still a case for gold despite recent weakness, calling for a renewed bull market for the metal. According to Coffin, gold is in a much better position now that speculative positioning has become more balanced,...Read More

Tommy Sotomayor's REAL Views on Black Women, Race, Manhood & Trolls (Ep. 5 | Season 3)

November 16, 2016 / www.youtube.com

YouTube personality Tommy Sotomayor (a.k.a. Mr. Controversy) is an outspoken critic of the failing and destructive elements of black culture. He points out the harsh and hurtful manner in which many black mothers deal with their children and the lack of respect they have for men. Tommy is criticized by some in the black community for his blunt commentary and critique of black culture on his YouTub...Read More

Seabridge Gold drilling supports expansion of deep Kerr Mine plan

November 15, 2016 / www.mining.com

Seabridge Gold (TSX:SEA) (NYSE:SA) today announced that results from the final three core holes drilled this year at Deep Kerr successfully filled in the gaps required to support a southern extension of the deposit. The five holes completed in 2016 are expected to expand the known resource about 500 meters along strike to the south at grades consistent with the deposit's inferred resource. The sha...Read More

Chinese tighten grip on Tenke mine as Lundin agrees to sell stake for $1.14bn

November 15, 2016 / www.mining.com

After weeks of deliberation, Canada's Lundin Mining (TSX:LUN) said Tuesday it will sell its minority stake in the African copper mine Tenke Fungurume to a Chinese private-equity firm for $1.14 billion in cash.The deal is a result of the Toronto-based miner's review of strategic options for its interest in TF Holdings Ltd., the Bermuda holding company that indirectly owns an 80% interest in the m...Read More

Report: DRC signs over $880m royalties to president's friend

November 15, 2016 / www.mining.com

Global Witness on Monday revealed that Gecamines, the state mining company of the Democratic Republic of Congo last year signed over royalty rights in the Kamoto Copper Company (KCC) owned and operated by Switzerland's Glencore to an offshore company belonging to a friend of the president.According to Global Witness, a London-based human rights organization, the 2.5% royalty stream that was owned...Read More

What happens now?

November 15, 2016 / www.mining.com

Wow.Firstly: how did pollsters get it so wrong?Second: what an interesting reaction.As we all saw, the markets threw a fit when it started to look like Trump was going to win. Gold gained as much as 5.5% to touch $1,337 per oz., US futures fell sharply (Dow Jones Industrial Average futures were down as much as 5% at one point), the US dollar lost 1.5% in a flash, and other safe havens like the Swi...Read More

GLOBAL MARKETS-Oil rallies on output bets; U.S. yields, dollar steady

November 15, 2016 / in.investing.com

* Treasuries prices little changed, yields near recent highs* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 4 percent, copper falls (Adds U.S. open; changes comments, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 4 percent on Tuesday on bets OPEC members will agree to cut output while stocks edged higher, led by technol...Read More

GLOBAL MARKETS-Dollar, copper retreat, bonds in favour as Trump rally pauses

November 15, 2016 / in.investing.com

* Graphic: sterling year-to-date http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Nov 15 (Reuters) - The dollar pulled back from close to 14-year highs on Tuesday, euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fuelled by Donald Trump's victory in the U.S. presidential election.China's yuan CNY=CFXS , which like other Asian currencie...Read More

Gold rebounds after sliding to more than 5-month lows

November 15, 2016 / in.investing.com

Investing.com - Gold futures rose in early Europe trading on Tuesday, snapping a five-session losing streak which took prices to the lowest level in more than five-months as the U.S. dollar pulled back from a one-year high.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $4.95, or 0.4%, to $1,226.55 a troy ounce by 2:55AM ET (07:55GMT), after falling t...Read More

UPDATE 1-UK Stocks-Factors to watch on Nov. 15

November 15, 2016 / in.investing.com

(Adds futures, company news items)Nov 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 to 33 points, or 0.5 percent on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.31 percent ahead of the cash market open.* The UK blue chip index closed up 0.34 percent at 6,753.18 points on Monday following a rally in banking and mining stocks, although a slump in utilitie...Read More

UK Stocks-Factors to watch on Nov. 15

November 15, 2016 / in.investing.com

Nov 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 to 33 points, or 0.5 percent on Tuesday, according to financial bookmakers.* The UK blue chip index closed up 0.34 percent at 6,753.18 points on Monday following a rally in banking and mining stocks, although a slump in utilities kept a lid on broader market gains. REYNOLDS AMERICA/BATS: U.S. cigarette maker Reynolds American...Read More

GLOBAL MARKETS-Dollar rallies alongside U.S. yields; bank stocks up

November 15, 2016 / in.investing.com

* Dollar at 11-month peak vs currency basket* Treasury yields jump on inflation, supply risks (Updates to U.S. market close, adds comment)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster U.S. inflation and wider budget deficits sent Treasury bond yields shooting higher.Both the U.S. currency and yields...Read More

GLOBAL MARKETS-Dollar rallies alongside U.S. yields; bank stocks rise

November 15, 2016 / in.investing.com

* Dollar at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks (Updates prices)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster inflation and wider budget deficits sent Treasury bond yields shooting higher.Both the U.S. currency and yields pared some gains in a...Read More

Chilean mining costs highest in the world, despite saving measures

November 14, 2016 / www.mining.com

Mining costs in Chile, the world's No. 1 copper producer, were among the highest in the world last year even though most companies spent 2015 cutting expenses and placing projects in the back burner, a new study released Monday shows.Data from the Mining Council, which groups the largest copper, gold and silver miners operating in Chile, reveal that production costs in the country last year were 5...Read More

Gold Reserve, Venezuela rework seizure settlement

November 14, 2016 / www.mining.com

Venezuela and Gold Reserve (TSE:GRZ), have agreed to rework the terms of a $770 million settlement relating to the seizure of the company's Las Brisas gold-copper mine in 2008.The aggregate payments to be made by Venezuela have not changed and the payments will be completed seven months earlier than originally contemplatedThe Spokane, Washington-based company announced a revised schedule of...Read More

GLOBAL MARKETS-Dollar soars as U.S. yields spike; U.S. bank stocks rise

November 14, 2016 / in.investing.com

* Dollar at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks* Crude oil falls on oversupply fears, dollar strength (Updates with U.S. prices, changes comments, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster inflation and wider...Read More

GLOBAL MARKETS-Dollar soars as U.S. yields spike; shares divided

November 14, 2016 / in.investing.com

* Dollar tops 107 yen, at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks* European shares, Nikkei jump; ex-Japan Asia shares skid* Industrial metals extend bull run, oil goes flat* NZ dollar slips as earthquakes rock countryBy Marc JonesLONDON, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak on Monday as the risk of faster inflation and wider b...Read More

GLOBAL MARKETS-Dollar soars as US yields spike; shares divided

November 14, 2016 / in.investing.com

* Dollar tops 107 yen, at nine-month peak against currency basket* Treasury yields highest since Jan on inflation, supply risks* European shares, Nikkei jump, but Asia shares ex-Japan skid* Industrial metals extend bull run, oil goes flat* NZ dollar slips as earthquakes rock countryBy Marc JonesLONDON, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic...Read More

Gold futures slide to more than 5-month lows

November 14, 2016 / in.investing.com

Investing.com - Gold prices fell to a more than five-month low on Monday, extending four straight sessions of losses as market players continued to dump the yellow metal in wake of Donald Trump's victory in the U.S. presidential election.Gold for December delivery on the Comex division of the New York Mercantile Exchange sank to an intraday low of $1,212.00 a troy ounce, a level not seen since Jun...Read More

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