In my latest interview with Jim Goddard on Howestreet.com, we discuss how Canadian marijuana firms are scrambling to increase capacity through expansion, mergers, and takeovers in preparation for legalization later this hear. Investors seem to be betting that these companies will be ready to deliver big profits soon. Meanwhile, insiders were selling the recent rally. So, was the sell-off last wee...Read More
Eureka Resources Inc. (TSXV: EUK) ('Eureka' or the 'Company') announced today that, further to its press releases of November 27, 2017 and December 29, 2017, it has amended the terms of its previously announced non-brokered private placement of up to $175,000 (the 'Offering').Read full newsRead More
By Jeff Clark, Senior Precious Metals Analyst, GoldSilver ... 2018-01-17You undoubtedly know that 2017 was a record-setting year for the broad stock markets. And while gold was up last year despite numerous headwinds, most mainstream investors aren't paying much attention to gold since they keep seeing so much green in their stock portfolios. Even I was taken back by some of the data from the bu...Read More
CloseGain/LossGold $1326.30-$2.70Silver$16.94-$0.08XAU87.57-1.74%HUI196.54-1.77%GDM662.63-1.38%JSE Gold1309.56-3.95USD90.52-0.19Euro122.41+0.30Yen90.16+0.03Oil$63.95-$0.0210-Year2.620%+0.048T-Bond149.25-1.0625Dow26017.81-0.37%Nasdaq7296.05-0.03%S&P2798.03-0.16% The Metals: Gold fell $4.80 to $1324.20 in Asia before it chopped up to $1333.00 in late morning New York trade, but it then drift...Read More
- Latest bitcoin, crypto crash causes gold coin and bar demand to surge- Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%- Ripple and 'Digital gold' Bitcoin fall past key psychological price levels- $300bn wiped from cryptocurrency fortunes in just 36 hours- New research says that there is 'Price Manipulation in the Bitcoin Ecosystem'- Savvy crypto buyers converted their short...Read More
The Federal Reserve's beige book stressed on the sustained strength of the US economy. This implies quicker interest rate hikes. Gold fell as a result. To me the correction in gold and silver is a part of the impeding sharp rally. However if gold and silver fall today, then chances of $1292 and $1673 and below will be very high. Short term buyers will turn into sellers. It's a big day for gold a...Read More
CloseGain/LossGold $1326.30-$2.70Silver$16.94-$0.08XAU87.57-1.74%HUI196.54-1.77%GDM662.63-1.38%JSE Gold1309.56-3.95USD90.52-0.19Euro122.41+0.30Yen90.16+0.03Oil$63.95-$0.0210-Year2.620%+0.048T-Bond149.25-1.0625Dow26017.81-0.37%Nasdaq7296.05-0.03%S&P2798.03-0.16% The Metals: Gold fell $4.80 to $1324.20 in Asia before it chopped up to $1333.00 in late morning New York trade, but it then drift...Read More
- Latest bitcoin, crypto crash causes gold coin and bar demand to surge- Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%- Ripple and 'Digital gold' Bitcoin fall past key psychological price levels- $300bn wiped from cryptocurrency fortunes in just 36 hours- New research says that there is 'Price Manipulation in the Bitcoin Ecosystem'- Savvy crypto buyers converted their short...Read More
The Federal Reserve's beige book stressed on the sustained strength of the US economy. This implies quicker interest rate hikes. Gold fell as a result. To me the correction in gold and silver is a part of the impeding sharp rally. However if gold and silver fall today, then chances of $1292 and $1673 and below will be very high. Short term buyers will turn into sellers. It's a big day for gold a...Read More
* IPO for ADT Corp priced at $14 per share* Target range was $17-$19* Proceeds could total $1.69 billion* ADT plans to use funds to pay down debt By Joshua FranklinJan 18 (Reuters) - U.S. security company ADT Corp , owned by private equity firm Apollo Global Management LLC , said on Thursday its initial public offering (IPO) was priced well below its expected range, signalling investors are being...Read More
TAIPEI, Jan 19 (Reuters) - Shares in Taiwan Semiconductor Manufacturing Co Ltd opened up 2.01 percent on Friday morning.The tech giant booked better than expected fourth quarter results on Thursday. (Reporting by Taipei bureau; editing by Richard Pullin) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every...Read More
HONG KONG, Jan 19 (Reuters) - Wanda Hotel Development Co Ltd said on Friday it had requested a trading halt for its shares, pending a statement regarding a "very substantial disposal" by the company.It gave no further details in its statement.Wanda Hotel, a unit of Dalian Wanda Group, said this week that it was selling its 60 percent stake in a company that owns the high-profile One Nine...Read More
Jan 19 (Reuters) - Japanese marketplace app operator Mercari is looking at a Tokyo listing in June that could give it a market value of more than 200 billion yen ($1.8 billion), the Nikkei newspaper said on Friday.The listing had initially be slated for 2017 but was delayed due to discussions with the country's Financial Services Agency over which business category it should be placed in, the Nikk...Read More
Vangold Mining Corp. is pleased to announce that the Phase One underground drill program has commenced on the Company's 100% owned, El Pinguico Mine, located 10km from the City of Guanajuato, Mexico. The drill program will include a minimum of 15 holes through the El Pinguico standing stock pile.Read full newsRead More
(Adds company background, comment by SoftBank executive, other details)By Heather SomervilleSAN FRANCISCO, Jan 18 (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.The deal includes a large purchase of shares...Read More
Yields on U.S. Treasuries have leaped recently. It will wreck the yellow metal. Or maybe not.Yields reach new heights. Breakthrough for gold?Last week, we wrote that concerns emerged that China could stop or slow buying the U.S. Treasuries. The U.S. bond yields reacted strongly. We noted that in theory it should sink gold, but the usual "correlation between bullion and Treasury yields broke down t...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.9 pct, CSI300 +0.5 pct, HSI +0.4 pct* HK->Shanghai Connect daily quota used 10.5 pct, Shanghai->HK daily quota used 38 pct* HK->Shenzhen Connect daily quota used 4.9 pct, Shenzhen->HK daily quota used 21.2 pct* CNY official close 6.418 per dollar* FTSE China A50 +1.0 pct, BNY Mellon ADR China Select Index +0.7 pct SHANGHAI, Jan 19 (Reuters) -...Read More
(Adds details on funds, analyst quote, table, byline)By Trevor HunnicuttNEW YORK, Jan 18 (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph.The junk bond withdrawals - from both mutual funds and exchange-traded fun...Read More
Jan 19 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 22-JanBelgium OLO auction23-JanUnited States Sale of 2-year notes23-JanSpain Auction of 3- and 9-month Treasury bills23-JanUnited KingdomAuction 0 1/8% Index-linked Treasury Gilt 202623-JanGermany Auction of 2-year Treasury notes24-JanU...Read More
Jan 19 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- FRIDAY, JANUARY 19 NASHVILLE, United States - Federal Reserve Bank of Boston President Raphael...Read More